What is BIP38 ?

BIP38 is a way to encrypt your Bitcoin private key with a password.
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See anything we haven't covered? Leave us a comment in the comment section below

[@99Bitcoins]

CAUTION!! Many scammers are using the comment section to promote their scams and sometimes even use the name “99Bitcoins” in their profile. Never send money to someone you don’t know and don’t accept offers to trade or exchange cryptocurrency from strangers. Stay safe 🙏🏻🙏🏻🙏🏻

[@markallwood9341]

Why would I trust my Private Key and Password to a Website I do not know? Be cautious (I could be wrong here but seems phishy)

[@fabioperez1895]

Im wondering the sane

[@Jason_Music]

absolutely true. Sometimes websites get ddos attacked and replaced with fake ones where they stole your private keys and passwords. I would not do this.

[@The-tw3qg]

Unfortunately I fell for a scam imported my private key through a link.That I was given I was trying to recover my wallet lesson learned but is interesting in your video it say you still need password so how were they able to retrieve it? I never sent my password anywhere. I’m watching your videos to learn more and not fall for it again.

[@valeriansteele]

When the encrypted key is created, is the ledger updated to document that a new private key exists? Why would you give someone the encrypted private key

[@valeriansteele]

How does the private key relate to the Bitcoin address?

[@Fanta....]

the private key tells the blockchain that you are now assigning value to a different address. When you pay someone, you are paying to their public key using your private key as a signature. Then they can spend from that public key to someone else using their own private key

[@fabioperez1895]

Does anyone know how the wallet generator works? How does it comunicates safely the key to the blockchain so later the blockchain can validate the transactions with the correct password

[@Fanta....]

the wallet generator just creates public/private keypairs that are mathematically linked in a way that the blockchain understands. It does not need to communicate at all. it just has to follow a very specific format.

[@fabioperez1895]

@@Fanta.... thnaks!

[@tjmooney4181]

Thanks 👍

[@99Bitcoins]

Welcome 👍 And thank you too!

[@tjmooney4181]

@@99Bitcoins I really love my new ballet wallets for cold storage that use the bip38 standard so no charging or updating needed during a decade of secure cold storage

[@99Bitcoins]

Those wallets look amazing. Checked out their Amazon page: is.gd/BalletWallet99c

[@tjmooney4181]

@@99Bitcoins nice 👌 the pure series denominated wallets work great as gifts for friends, family or anyone to help get them involved

[@chrissibottom577]

PassPhrase....details matter correct your video

[@dkzaibmengal3176]

Sir plz help me

[@jamshaidasghar8056]

Explain in Urdu language

[@BTC14]

go learn english, nobody cares about urdu in this planet