Is Your Crypto SAFE!? Here's How To Self Custody It NOW!!

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Coin Bureau

Coin Bureau

Күн бұрын

Пікірлер: 667
@CoinBureau
@CoinBureau 2 жыл бұрын
There is nothing that beats holding your own keys. That's why self-custody should be the most important step for anyone entering the crypto space. I hope this video was helpful for you guys! Don't forget that you can follow me on my socials for all the content that you are missing here guy.coinbureau.com/socials/. You may also enjoy our clips channel which has livestreams and shorter form content kzbin.info/door/R93yACeNzxMSk6Y1cHM2pw
@goodjuju4531
@goodjuju4531 2 жыл бұрын
Any thoughts on MUUN wallet? Is it safe?
@jessicaalice1065
@jessicaalice1065 2 жыл бұрын
Use trust wallet .. more perfect okay
@jessewhitelo1187
@jessewhitelo1187 2 жыл бұрын
The "S" sound when you speak is too high, you may need something on the mic to absorb that or edit that kzbin.info/www/bejne/iqmXpaN3qLJqZqM
@tltarzan678
@tltarzan678 2 жыл бұрын
Can exodus wallets download in Mac ? I tried it doesn’t work
@thinkofwhy
@thinkofwhy 2 жыл бұрын
Regarding seed phrase security, or that of any other database of secret info, the best practice is encryption and redundant DISTRIBUTED backups, both locally and cloud, the more the better. After all, only you have the encryption key to see them. My favourite is KeePassXC.
@The3Shogun
@The3Shogun 2 жыл бұрын
My crypto is safely locked away in Voyager. They are so secure that even I can’t get it out. 👍
@michaeljaycain912
@michaeljaycain912 Жыл бұрын
You can’t get it when you want it?
@lindenschwarz101
@lindenschwarz101 Жыл бұрын
​@@michaeljaycain912 You missed the joke 😂 Voyager went bankrupt and restricted all fund withdrawals
@DJ-uk5mm
@DJ-uk5mm 11 ай бұрын
😂
@danharrigan5131
@danharrigan5131 2 жыл бұрын
Very unselfish and kind tutorial. Thanx. You've alleviated some major concerns.
@KinoStudentX
@KinoStudentX 2 жыл бұрын
When I learned how staking on platforms worked, I said "Nooooooooooooooope!" Collateralozed loans, "Noooooooooooooope" Not using my funds to collateralize anyone's loan. I ran from Celsius
@kiriltzenev5955
@kiriltzenev5955 2 жыл бұрын
I feel 2023 will be the "Where are my keys" year. I also see next cycle will brings us downfall of centralised crypto exchanges and rising of decentralised exchange platforms. Keep the crypto market free and hold your own keys !
@andrewna9362
@andrewna9362 2 жыл бұрын
Won't happen for obvious reason.
@NicBarella
@NicBarella 2 жыл бұрын
WX network! Built on waves and the world's fastest, safest and cheapest order book DEX.
@WitchMedusa
@WitchMedusa 2 жыл бұрын
Haveno is a truly decentralized decentralized exchange that will be coming out in 2023 which will use Monero as the liquidity protocol. No KYC, low fees, & 100% private trades, that's going to be amazing.
@audieallen9734
@audieallen9734 2 жыл бұрын
And then we will see that old commercial but it will be like "It's 10pm, do you know where your keys are?" 😅
@johnrodgers2171
@johnrodgers2171 2 жыл бұрын
I hope so but if they rely on cloud services like aws or Google they can basically be turned off at the govt. request at any time. Trust wallet uses aws for instance.
@CesarChin3
@CesarChin3 2 жыл бұрын
Because of your valued intel - I finally moved all of my crypto from CEX’s and transferred them to LEDGER! Thank you again sir ❤
@wallywebber788
@wallywebber788 2 жыл бұрын
Wish I had done this earlier, my CEX wallet got hacked recently.
@myscreen2urs
@myscreen2urs 2 жыл бұрын
🎶"I'm too CEXy for this coin..."🙃 🤦‍♂️ Sorry😬
@Roughneck7712
@Roughneck7712 2 жыл бұрын
“How could they have known a company praised by politicians, regulators, and the MSM would have failed?” I believe you just answered your own question
@maxschmidt8929
@maxschmidt8929 2 жыл бұрын
Go for a hardware wallet. These things are actually fun. I have a Trezor one, Ledger Nano S and a Coldcard and I love'em all. I had some crypto on Cake Defi for the interest payments and although that platform hasn't been hacked (yet) I took everything off quite a while ago in order to sleep better. And after the FTX collapse I'm really glad I did. It's just too risky.
@susza89
@susza89 2 жыл бұрын
The orginal point of crypto was to be independent from financial institutions and take finance into your own hands. Keeping it on exchanges goes against it. I was guilty of it myself and kept mine on binance because they payed nice %. Not anymore. Better late then never. Im one of the lucky ones that havent lost nothing.
@chrisseller2276
@chrisseller2276 2 жыл бұрын
I'm not sure if the volatility is part of the idea. cryptos going down 70 - 90 %, doesn't looks like it's a good finance. aside from that, since we know it''s volatile, how to set a stop loss when using a wallet? can't.
@susza89
@susza89 2 жыл бұрын
@@chrisseller2276 Im an investor not a trader. I only sell when when it goes up and breaks new records. It is volatile ofcourse but in the long term its always going up. If history repeats itself we should see new highs around 2024 and thats when I will move out from wallet and sell. Now its time to buy and cumulate. If it goes down even further Ill buy more.
@Star.Chaser
@Star.Chaser 2 жыл бұрын
Ok, so I’m failing to understand how you lose anything less. Mine is staked, earning a higher % than inflation. The price of it is the same when you sell it regardless of it being in personal storage or an exchange minus some fees. If you can’t afford teller fee why the fuck are you using it. If it was to be independent then yes, to negate tracing from selling drugs and spending money on nefarious shit. No shit mate, now it is somewhat traceable, sorry; this is just the new move from gold standard to fiat in the digital world.
@susza89
@susza89 2 жыл бұрын
@@Star.Chaser I dont think you understood my comment and yours dosnt make any sense to me.
@wayneflint8077
@wayneflint8077 2 жыл бұрын
No one cares about the original point of crypto. Didn't 1929, 1987, 2000, 2008 tell you anything! When it collapses it's gone baby!
@simonalyc7557
@simonalyc7557 2 жыл бұрын
Nice,but why nobody tells you about how much it costs to transfer crypto from an exchange to a cold store wallet and back? This is a great topic for one of your future video's,or?? Thanks again for your commitment Guy !!!
@jessicaalice1065
@jessicaalice1065 2 жыл бұрын
All Free
@enterthenameyo
@enterthenameyo 2 жыл бұрын
Wondering the same, and it's what's keeping me from buying a cold wallet
@somesteak6100
@somesteak6100 2 жыл бұрын
To send it to Ledger, BTC it's usually $2.50-$4 and ETH is around $1-$3. Always changes but this seems to be standard right now
@steffenmoss7119
@steffenmoss7119 2 жыл бұрын
Ellipal titan was about $4 between accounts for me and if you want to remove them off the cold wallet to binance you need Eth else they are stuck
@MarylandGuy-ey3st
@MarylandGuy-ey3st 2 жыл бұрын
@@enterthenameyo when you lose all your crypto in an exchange collapse you’ll wished you paid a small gas fee
@viharsarok
@viharsarok Жыл бұрын
Thug: Send me your crypto. Coin Bureau: But I don't have any. See? There's no crypto wallet on my phone. Thug: You're literally the guy from KZbin.
@xennialnick
@xennialnick 2 жыл бұрын
A VERY important point with hardware wallets (Ledger/Trezor) is to ONLY buy from Ledger (France) or Trezor directly. Don’t buy off eBay. It’s too easy for your seed to be compromised. It costs a bit more and takes a bit longer BUT IT’s WORTH IT. Resellers have been known to buy the wallets, compromise it, and re-wrap with plastic wrap.
@14lou
@14lou 2 жыл бұрын
Leastwise, with Ledger, it's a simple matter to reset it and start fresh. So as long as the hardware itself hasn't been compromised, it's no problem.
@relaxchill9114
@relaxchill9114 2 жыл бұрын
This was a much needed video, very well detailed explanation thank you Guy. Bless you 🙌🏻
@Zordiak
@Zordiak 2 жыл бұрын
As a web developer, I would be veeeery weary about using a browser wallet. Malicious extensions and websites may be able to scape info out of your wallet. Particularly when you're using it. For small amounts it's probably fine, but I wouldn't use it for anything over a few thousand bucks.
@BSJWright
@BSJWright 2 жыл бұрын
Metamask doesn't only support Ethereum and ERC20 tokens. It allows you to store AVAX (C-Chain), FTM (not sure if that's ERC20 though), Polygon and BSC, you just need to set them up. It also supports Pulsechain
@fredrickcallahan4292
@fredrickcallahan4292 2 жыл бұрын
How do you set that up?
@douglasmercer2501
@douglasmercer2501 2 жыл бұрын
@@fredrickcallahan4292 you just add the network
@MarylandGuy-ey3st
@MarylandGuy-ey3st 2 жыл бұрын
I got a MetaMask set up through my ledger. That’s the best way to do it
@BSJWright
@BSJWright 2 жыл бұрын
@@MarylandGuy-ey3st I have that also but not always practical for small amounts, so I keep smaller amounts on a MM but my larger bags on my Ledger (also synced with MM)
@cassi1185
@cassi1185 2 жыл бұрын
I've recently been looking into Ngrave and the Zero wallet and I think I'll upgrade from my Ledger Nano X ASAP. With all the floods here in Australia a piece of paper as a backup just doesn't cut it!
@skippyt5042
@skippyt5042 2 жыл бұрын
A friend of mine used Dog tags for his PW😂
@cassi1185
@cassi1185 2 жыл бұрын
$5 wrench attack waiting to happen 🤣
@thehandleiwantedwasntavailable
@thehandleiwantedwasntavailable 2 жыл бұрын
Stamped into stainless steel washers: buried in a secret location. And protected with a ‘25th’ word that’s never written. That’s the seed phrase backup I recommend.
@emmanuelmonforte9928
@emmanuelmonforte9928 2 жыл бұрын
Guy, you can use EVM networks on MetaMask, not just the Ethereum Network (Binance Smart Chain, Polygon, Avalance C-Chain, Harmony, Cronos, etc.)
@fredrickcallahan4292
@fredrickcallahan4292 2 жыл бұрын
Do you have to manually copy the address from coingecko?
@njain1983
@njain1983 2 жыл бұрын
Thanks for the video! Wish I had heeded your suggestion of self-custody. To my detriment, I thought FTX was bulletproof.
@RALMAR9
@RALMAR9 2 жыл бұрын
Trusting a guy with a name like "Bankman-Fried" is NOT a good idea.
@michaelbast6151
@michaelbast6151 2 жыл бұрын
Any decent coin project doesn’t need celebrities or influencers to shill their tokens. That goes for exchanges as well. Sorry for your loss. SBF paying off the government along with his super odd demeanor was a huge red flag, but hindsight is 20/20.
@manvel6723
@manvel6723 2 жыл бұрын
I lost 56 Etereum Proof of Work - paid 700$ for it.Currently can get 56 of EPoW for 150$.bed investment on my part.i though after Etereum 2.0 Merge Eth price would go up.Not so.Plus FTX collapsed and i have no access to my 56 Etereum Proof of Work.I just purchased Tresor Model One.Good Luck everyone
@grosiradu
@grosiradu 2 жыл бұрын
@@RALMAR9 and a vegan
@idrismac
@idrismac 2 жыл бұрын
Its< natural to see so many investors panic amid a worsening bearish market but it is also important to note that the market situation is nothing new in the crypto world.
@hannahmontana928
@hannahmontana928 2 жыл бұрын
I can't forget the rows you play in my life, if not for you I would have been jail, thanks for restoring me dept ma 🙏
@mrchrist7088
@mrchrist7088 2 жыл бұрын
@-ibby136 I appreciate your generosity in sharing your knowledge!! YOU make it easier for me to understand the subject, now I'm more optimistic than ever...
@Gabriel-sv2eg
@Gabriel-sv2eg 2 жыл бұрын
How can I meet Mrs Hellen, I have heard so much about
@hannahmontana928
@hannahmontana928 2 жыл бұрын
She's always available on wttsap
@luiscollins5099
@luiscollins5099 2 жыл бұрын
@jasonk446
@jasonk446 2 жыл бұрын
I personally know 5 people that have crypto. I am the only one that keeps his money in a hardware wallet. Everyone else keeps theirs on an exchange. Even one of my friends that lost half his money with FTX still has the other half of his money in a different exchange. People just don’t learn
@emilioshadjikyriacou2567
@emilioshadjikyriacou2567 2 жыл бұрын
did you ever consider running a stake pool on Cardano? It would also help with the lights...
@matthewsnively7474
@matthewsnively7474 2 жыл бұрын
FYI, my Exodus wallet was hacked in 2020. Exodus prepared a forensic report which determined that the hack came from within Exodus.
@mareemeadows
@mareemeadows 2 жыл бұрын
Life has been so tough and rough since the outbreak of covid-19 but there are still ways to live a fulfilled and planned life. Investment is one of the best way to live a fulfilled life because you invest in your future.
@joelharrisstudio
@joelharrisstudio 2 жыл бұрын
Thank you ! Ordered my Ledger and I should have it delivered in a few days! Looking forward to less sleepless nights and more peace of mind!! Thank you for this info!!! 🎉❤🎉❤🎉❤
@johnleetch1022
@johnleetch1022 2 жыл бұрын
Great as usual,as a newbie, I had bought a trezor and was not very confident at useing it. With the recent carry on I decided to get it off exchanges and went to trezor suite I o , when I tried to connect a message said I needed to send my seed phrase as there was a problem. Well you can guess the rest, I knew you should never give your seed phrase but it was on the trezor I o site . I wish they had a proper app. Fortunately I did not loose that much and it was a very good lesson. Education always seems to be painful or expensive. So watch the sites and never give seed phrases
@14lou
@14lou 2 жыл бұрын
"... a message said I needed to send my seed phrase as there was a problem" *A huge red flag!*
@syman3534
@syman3534 Жыл бұрын
Thanks for sharing this lesson - glad u did not loose to much
@facuoca
@facuoca 2 жыл бұрын
You should investigate Blockwallet
@kennycarneal6765
@kennycarneal6765 2 жыл бұрын
With the mainstream media pushing FTX, that should have been a red flag right there. That's one reason why I never bothered with the exchange, the other reason was I didn't trust the dude. He looks shady as hell.
@mrbill8763
@mrbill8763 2 жыл бұрын
All my crypto is tied up in a lawsuit. Thank you SEC.
@thehandleiwantedwasntavailable
@thehandleiwantedwasntavailable 2 жыл бұрын
Haha. You can’t blame the SEC for not self-custody of your tokens.
@jaycanode
@jaycanode 2 жыл бұрын
Metamask supports Fantom, Avax, Aribitrum, Cronos, BNB to name a few. Not just ERC-20 as you stated.
@johndunnelinli
@johndunnelinli 2 жыл бұрын
The problem is some cryptos are too expensive to transfer. One eth based coin I hold wanted $8 worth of it to transfer about $300 worth and then I assume it would be another $8 to transfer it back to an exchange
@ijustwanttoaskaquestion106
@ijustwanttoaskaquestion106 2 жыл бұрын
Agreed, $150 of Aave costs $6 to transfer. I have other coins on an exchange that my Trezor and Ledger do not support, NAKA, PBX, SCLP, Theta.
@thewaterguy17
@thewaterguy17 2 жыл бұрын
The fees on exchanges for coins are already expensive and then with things like ETH you have to quite literally "time" when to withdraw to avoid getting hit with an even more ridiculous gas fee
@kickzmadeofficial6012
@kickzmadeofficial6012 2 жыл бұрын
that why eberbody starts moving away from eth
@fredrickcallahan4292
@fredrickcallahan4292 2 жыл бұрын
@@ijustwanttoaskaquestion106 I've heard it's possible to connect ledger to metamask thus making MM a cold storage wallet, ive watched YT videos on it, maybe that might be a solution for you for private custody?
@thehylander266
@thehylander266 2 жыл бұрын
I moved A LOT of ETH and only paid a couple bucks. Transfer when Gas prices are low. Thats not much money to transfer my ETH.
@bjni
@bjni 2 жыл бұрын
yep, richard heart been saying this for years. people call him a scammer while trusting the ACTUAL scammers. time and time again.
@dakoderii4221
@dakoderii4221 2 жыл бұрын
Truthful people say things that may offend you. Scammers are charismatic and make you feel good about your bad decision. "Logically" the scammers have your best interest at heart since feelings are more important than facts(else ye be racist).
@c.a.s.3833
@c.a.s.3833 2 жыл бұрын
Your crypto videos are the best thing going. Keep up the great work.
@NUPE418LOD
@NUPE418LOD 2 жыл бұрын
Metamask definitely supports BNB Smart Chain - all that is required is to click where ETH main net is and underneath that ADD NETWORK - I hold about 5 BNB Smart chain tokens on Metamask connected to my Hardware Ledger Wallet
@russianbitcoinnews820
@russianbitcoinnews820 2 жыл бұрын
Simply put, SafePal S1 is a FAR SUPERIOR wallet when it comes to safety and user-friendliness.
@gregking4512
@gregking4512 2 жыл бұрын
Always look forward to your videos. Definitely the best advice for all crypto users. Keep up the great work 👍
@LjutaPtica
@LjutaPtica 2 жыл бұрын
I feel as if the FTX scandal was done intentionally so that they can now push for maximum regulation for crypto. Bad for them I guess. After this, DeFi will flourish. I've taken all my cryptos away from exchanges.
@TheVeganTravelShow
@TheVeganTravelShow 2 жыл бұрын
Crypto has a steep learning curve. For new investors it’s like diving in the pool not even knowing how to swim. That’s why so many people get rekt.
@johnnyblu4011
@johnnyblu4011 2 жыл бұрын
Cryptocurrency feels more safe. When the Coin Bureau is on the case. 😎
@cougarlove8542
@cougarlove8542 2 жыл бұрын
Nothing I can do with staked ETH. Hope and pray I guess.
@martinwoldring5073
@martinwoldring5073 2 жыл бұрын
Richard Heart is been saying this for years... and they call him... a scammer 🤣
@steveN-hn4fo
@steveN-hn4fo 2 жыл бұрын
I had a metamask wallet and all my funds were stolen at 4.00am , pc and phone was off and no one had access to any of my passwords, haven't a clue how they done it,
@ivorheadache
@ivorheadache 2 жыл бұрын
Thabk you for the brilliant content as always Guy. You are helping so many people around the world. Kudos
@royed31
@royed31 2 жыл бұрын
a cold wallet has other potential risks, including theft of the device, damage of the device loss of the wallet and even loss of the password. So even cold wallets are not foolproof. Estimated that already over 2 million Bitcoin have been lost due to lost passwords
@Ryan-xq3kl
@Ryan-xq3kl 2 жыл бұрын
self custody also increases the value of btc as exchange rates are based on supply if you have sell orders open or are on an exchange that uses user funds the exchange will value that into the price
@mattcorley4622
@mattcorley4622 2 жыл бұрын
I'm a legit crypto rookie, I've researched using your video how to's, and even I realized crypto exchanges were only a place to hold crypto while buy and selling. I set up a cold wallet before I ever set up an exchange account. Why would you get into crypto to just keep your coin in an unregulated uninsured bank account?
@brianleabo6295
@brianleabo6295 2 жыл бұрын
I keep a small amount of cardano stored on youri wallet for staking. But al my other crypto is on my ledger x and in a fire proof safe in a emp safe bag . And i have two sets of metal key words and not in the same place one with my ledger and the pther just as safe .
@offgridgecko
@offgridgecko 2 жыл бұрын
I ditched exodus because I had trouble with unstaking... put the same key in my phantom wallet and it fixed everything for me. That said, I never really cared for the way the interface works on it, and I don't use it any more. Also, it's sometimes prudent to have multiple accounts. I have several different "wallets" on my browser MM, one for minting Degen NFTs, one for doing trades and such, one for business income, a "cold" wallet for my favorite NFTs, etc. Certain wallets are never connected to any website.
@StrikerTVFang
@StrikerTVFang 2 жыл бұрын
These days even self-custody doesn't matter... especially when the project themselves destroy their own coins with shady practices and scams. The safest money in crypto right now, is the money that isn't in it.
@srenlindbo4523
@srenlindbo4523 2 жыл бұрын
Its a hard balancing act when you only have a couple of thousand dollars worth of Crypto - the risk and 22% APR on the first 20 DOT vs. the safety and 0% APR on DOT is not easy.
@xander_m
@xander_m 2 жыл бұрын
I’ve just put all my crypto in BlockWallet… the only wallet that takes zero user data and focuses solely on privacy.
@ahujax
@ahujax 2 жыл бұрын
Maybe I missed it, but I really like the passphrase feature some of the hardware wallets have for added security.
@14lou
@14lou 2 жыл бұрын
Good point. It is said to be only for advanced users, but it is easy enough and adds security once you come to grips with maintaining a secure backup. It's a form of defence against the $5 wrench attack. I would definitely use it if I had enough to worry about.
@ahujax
@ahujax 2 жыл бұрын
@@14lou Exactly. I even have multiple pass phrases, unfortunately only one can be used with a PIN. I don't hold much either, but thought it would be a good practice to start with right away.
@Adam-vv6xl
@Adam-vv6xl 2 жыл бұрын
If people can't trust exchanges but can't afford to pay the high fees of taking it off exchanges how is crypto ever supposed become more mainstream?
@mikatu
@mikatu 2 жыл бұрын
if people don't trust the banks how will money become mainsteam??? DUH!
@JaguarWisdom-9
@JaguarWisdom-9 2 жыл бұрын
Just use Matic with small amounts and for games. Store value in BTC. The gas fees on Matic are between $0.0005 to a whopping $0.01.... Yes the most ive ever paid is about a cent.....
@peteobert
@peteobert 2 жыл бұрын
I must say, I feel pretty darn safe with Binance US. I use Google authenticator, and email verification. They keep most of the crypto in cold storage. Even if they are hacked, they will very likely makes users whole.
@MrHugoadame
@MrHugoadame 2 жыл бұрын
the one thing nobody ever explains is how can we buy crypto without it hitting an exchange at all. Because sometimes they after buying any crypto, an exchange will make you wait 3-5 days before it lets you transfer it to your hot/cold wallet. Anyone help? :)
@JohnSmith-zn3js
@JohnSmith-zn3js 2 жыл бұрын
Why does no one ever mention the Safepal S1? A $50 wallet that is completely air gapped, uses QR for signing, mobile app. Has Dapps, swap, and farming all integrated. Import all your other wallets to reveiw balances. Why is it shunned?
@mikatu
@mikatu 2 жыл бұрын
Correct! That seems to be the best option and the cheapest, but apparently if they don't get a promotional code they don't mention it.
@noel.sk03
@noel.sk03 Жыл бұрын
I bought a new ledger nano X from a local reseller and you can buy it just make sure you first run the Ledger check and then reset the wallet once, so it will generate a new seed + you can open the wallet and look if there are any weird things.
@xtrctn
@xtrctn 2 жыл бұрын
16:02 IS KEY, the manufacturer software could EASILY get compromised. PAPER WALLETS ARE THE *ONLY* WAY TO GO!
@React2022-u7l
@React2022-u7l 23 күн бұрын
I have mine is Kraken is that ok?
@Ghostrider-sz6mp
@Ghostrider-sz6mp 2 жыл бұрын
I think Xdefi should also in the browser wallet. The one and only with many native chains integration like BTC.
@deemorenz
@deemorenz 2 жыл бұрын
Trezor is good but they should support bsc more easily. At the moment it seems only way to do so is via metamask.
@phenyl
@phenyl Жыл бұрын
MetaMask is not just Ethereum-compatible. It is compatible with most EVM-compatible chains, like Polygon, BSC, Cronos, etc.
@centurion8446
@centurion8446 2 жыл бұрын
Worth mentioning metanask can support Binance smart chain...
@DrCryptoAlex
@DrCryptoAlex 2 жыл бұрын
SafePal is a new awesome HW , better than Ledger or Trezor
@mikeholmbergnielsen8206
@mikeholmbergnielsen8206 2 жыл бұрын
Bitcoin price 30/12 2022 well be 12400 USD or 12559 USD.
@fred1960
@fred1960 2 жыл бұрын
Even if you avoid exchanges, every transaction costs money. So far for exchanging money without someone inbetween; still gonna cost you. No thing like real cash.
@BMWHP2
@BMWHP2 2 жыл бұрын
Bitvavo, (Netherlands) is regulated and garanteed to €100k per client. For theft and bankruptcy of Bitvavo.. So when below that amount, it is as safe as othe FIAT banks in Netherlands.
@kaizze8777
@kaizze8777 Жыл бұрын
Putting money in an exchange is like asking someone to hold your bag of cash for you and trusting them to not run off with it
@abe-danger
@abe-danger 2 жыл бұрын
is there no way to make your own hardware wallet using a USB or something?
@jamesferraro4741
@jamesferraro4741 2 жыл бұрын
Can't move my crypto from Etoro! Any suggestion? DrJ
@bancambios
@bancambios 2 жыл бұрын
We understad Metamask is Infura, Infura is backed by a VC funded by JPMorgan. They store the private keys.
@davyw.2571
@davyw.2571 2 жыл бұрын
Better not keep using metamask either, it tracks its users. Better would be to give a project like blockwallet a chance or even Trustwallet (even though the latter is linked to Binance). I think we need to invest in decentralised projects as much as possible.
@fredrickcallahan4292
@fredrickcallahan4292 2 жыл бұрын
I think it's possible to run it on a tab where you are signed out.. I saw a vid on that once..
@HarnessOmegaMolecule
@HarnessOmegaMolecule Жыл бұрын
Can the device "Fail" as in after a while it just doesnt switch on or something. After all, it IS hardware which could be prone to physical failure. Or is it 100% safe in that it CAN'T fail?
@SuffraGette-qh6oy
@SuffraGette-qh6oy 2 жыл бұрын
Great vid. Now, how about a video on Dubai? With your teams great research ability , im sure it would make a really interesting video!
@Appleloucious
@Appleloucious Жыл бұрын
One Love! Always forward, never ever backward!! ☀☀☀ 💚💛❤ 🙏🏿🙏🙏🏼
@SoftwareWrangler
@SoftwareWrangler 2 жыл бұрын
Strange. Promo price from Conbureau link is not working for Trezor. Checked 30min after video published
@Shadowbann3d
@Shadowbann3d 2 жыл бұрын
Is there any guidance available to get crypto off of Coinbase onto a Ledger wallet?….Wondering how straightforward it actually is and avoiding it going tits-up and not actually making it onto the cold storage?
@djss822
@djss822 2 жыл бұрын
Polite reminder: you shilled Celsius, Nexo et al. I learned about them through you!
@jackspence625
@jackspence625 2 жыл бұрын
I think this video is timely. I attempted to send crypto from Coinbase to a hardware wallet. It disappeared into the ether. Coinbase customer service offered no help whatsoever. Fortunately, it wasn't a great deal of money. Naturally, I converted the rest of the account into cash and sent it to my bank account, another high risk institution. From there it was converted into metals. To answer potential questions ahead of time: Yes, I followed the instructions, and yes, I verified the keys for times before proceeding.
@14lou
@14lou 2 жыл бұрын
Sounds like you used the wrong network and/or address
@jackspence625
@jackspence625 2 жыл бұрын
@@14lou That's possible, but I was being very careful. The lack of suggestions or any sort of help from customer service definitely led me away from the company. The fact that many of these exchanges are going bankrupt doesn't help, although I believe the Coinbase is still solvent.
@14lou
@14lou 2 жыл бұрын
@@jackspence625 In the early days, I made the mistake of trusting the address on my clipboard was the right one; it wasn't so lost it. There was nothing the exchange could do to retrieve it, but it was a good lesson to learn early!
@MoonBoyCrypto
@MoonBoyCrypto 2 жыл бұрын
17:41 I’m confused. Why should you use the ledger live app on your mobile phone? The crypto isn’t actually stored on the phone is it? So what’s the risk?
@Dudecifer
@Dudecifer 2 жыл бұрын
Crypto isn’t ever “stored” on any device. Only the keys to access them are. Crypto coins are always stored on the blockchain.
@MoonBoyCrypto
@MoonBoyCrypto 2 жыл бұрын
@@Dudecifer so why did he say that at the time stamp above then? Is he just uninformed?
@Dudecifer
@Dudecifer 2 жыл бұрын
@@MoonBoyCrypto you could use the ledger live app on your phone or the pc. But he reccomends pc for security purposes
@formertenant9276
@formertenant9276 2 жыл бұрын
Hey man, I get the message and I fully agree but, how do I move coins from the exchange to my wallet without having to pay most of it in fees? Please answer this question bro??
@wagmiorngmi
@wagmiorngmi 2 жыл бұрын
You can't. That's why people leave their coins on the exchange. If you're moving 5+ figures around it can easily chew through $100+ in fees, each way. Guy omits to mention this is his video which is poor form imo.
@formertenant9276
@formertenant9276 2 жыл бұрын
@@wagmiorngmi I have asked a couple of times if he could go over this information but I'm not sure he has seen my messages and I haven't seen many people mention it. I am hoping he advises prior to the staged Russian Hack attack that will rob everyone of everything they have
@nicolehines4418
@nicolehines4418 2 жыл бұрын
Thank you for all this information!! I plan to get one of these.
@RedAbalde
@RedAbalde 2 жыл бұрын
This is a confusing topic for me. I have coins in Uniswap, I provide liquidity in one of the pools. Uniswap is a DEX but, correct me if I'm wrong but when I provide liquidy to pools, I am technically putting my coins outside my wallet and into this Dex. If Uniswap collapses, for whatever reason, it will take my coins with it. Is this statement correct? I'm not sure though because it's a smart contract. If the my statement is true, however, then there is no safe project. Can someone shed light please.
@Nerd2Ninja
@Nerd2Ninja 2 жыл бұрын
Good job on mentioning seed words, but you missed on multi-signature (Very easy to do with Sparrow) where you can literally get a virus on your computer and still not get your Bitcoin stolen because the other computers (or phones if you use nunchuk wallet) haven't been hacked and you need a number of those physical devices in order to spend. Additionally, with downloading software, you can verify the hash or pgp signature of the software to verify that its real. For this reason, I say good job on talking about hardware wallets, but without verifying the authenticity of the software via a hash or pgp key, those wallets can be hacked. (don't trust, verify and you can not be hacked) Hardware wallets while verifying their software and firmware, are good.
@chrisseller2276
@chrisseller2276 2 жыл бұрын
i dunno, but it is still to complicated for mass adaption. I see Burglars now not looking for money, but for the seed words 😎
@llegatodoloquetehacefalta7065
@llegatodoloquetehacefalta7065 2 жыл бұрын
Link for trezor doesn’t work… anyone also experiencing the same?
@brunooliveira7127
@brunooliveira7127 2 жыл бұрын
Hello, should I only have one wallet, or should I separate my assets in a lot of different wallets?
@dogegamer3288
@dogegamer3288 2 жыл бұрын
I've found cash to be a safer and better investment so I just cashed out and put it a bank earning 4% interest since late 2021. I'll buy back in when crypto grows up. Little worry about paying the bills, theft or someone jetting off to Argentina. FDIC insured wallet is about the safest place to be, other than a little bit of gold on hand too.
@mikatu
@mikatu 2 жыл бұрын
LOOOL HFSP!!
@dogegamer3288
@dogegamer3288 2 жыл бұрын
@@mikatu Not poor. Cashed at the top and I'll buy back in when it's finished bottoming.
@14lou
@14lou 2 жыл бұрын
Hopefully, no bank holidays or claims that exceed the meagre insurance reserve.
@rick69va
@rick69va 2 жыл бұрын
Why do you never talk about Paper Wallets. Or better still engraved metal wallets? These is properly protected against theft or destruction are even safer than electronic wallets which can also be damaged, stolen, or fail to work properly? (Paper Wallets are totally free (after the cost of the paper and pen/ink)
@mathieugrenier1756
@mathieugrenier1756 2 жыл бұрын
I'm really starting to wonder if the not your keys not your coin thing is a good way to go, sure you don't lose your coins when the exchange goes bankrupt, but if some a**hole just crash the whole market with a scam..what's the point? Might as well just ditch everything and go all in on "stablecoins" and CBDCs at this point.
@ShugiRs
@ShugiRs 2 жыл бұрын
Not your keys not your crypto
@b2200mlb
@b2200mlb 2 жыл бұрын
This is gold to all crypto investors. I hope it's taken seriously by everyone! Good 🤞🏻 Luck
@MarylandGuy-ey3st
@MarylandGuy-ey3st 2 жыл бұрын
I just wanted to say with the ledger live app you can send crypto to your wallet address (w/o verification if you don’t have your device on you). However to send out you do need your device on you. So I wouldn’t worry too much about that app on the phone
@2-meter
@2-meter 2 жыл бұрын
MetaMask supports other networks as well..? I use it with Avalanche, Binance Smart Chain and Polygon
@floxy20
@floxy20 2 жыл бұрын
So, tell me how the value of your holdings increases by storing it this way? It seems it is equivalent to putting cash under a mattress. At least keeping it at an exchange was a strategy to offer returns - even though the ridiculous yields touted were sure signs of fraud. My advice is to sell everything now and put your money in a bank savings account until you learn something about proper investing. The normal reaction when you burn your hand on a stove is to move it away quickly.
@kamanyiro5903
@kamanyiro5903 2 жыл бұрын
That 5 dollar wrench analogy had me laughing so hard I had to rewind some of the video.
@johnames1987
@johnames1987 2 жыл бұрын
Do note, metamask supports almost all EVM chains - polygon, avalanch, fantom, dfk chain etc
@austinbus6214
@austinbus6214 2 жыл бұрын
yeah i was wondering the same thing. He mentioned that Meta only supports Ethereum. Its supports a ton of chains..
@misterwatson3337
@misterwatson3337 2 жыл бұрын
do u still give free credit for FTX?
@gralaw1965
@gralaw1965 2 жыл бұрын
I love the Trezor T wallet
@jeffgoines5666
@jeffgoines5666 2 жыл бұрын
Also just a friendly reminder that the Cardano protocol lets you stake your ADA while retaining it in your hardware wallet... just saying
@SurfScout
@SurfScout 2 жыл бұрын
Hey Guy! Any updates on your NFT portfolio? They used to be listed in your newsletter after your portfolio info but I don't see them anymore. Have I missed that announcement or are you still holding your MAYC and Meebit? Have you added any others? Anyway, keep up the stellar work, cheers!
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