In this video, I'm gonna be sharing an insight into what I think is the best way to store your cryptocurrencies. (Spoiler alert: Hardware wallets (either Ledger Nano S or Trezor).
♥ ETH: 0xc12f59c4e23dccd369437bbdb09470879d8c0825
♥ BTC: 1L2LswVmTobmEK8dy6Yw9nWx93Z1zZ1jb3
♥ LTC: LRXk5EwrR6VJYJcLYZLNY5B1uhoiUchtF5
♥ Dash: XyAPcaHdZJKuXiruHkAXkKgCMWHfaPFVgc
♥ ETC: 0x3bec3f9e112e719330d1732d60b02724b1b5a76c
♥ ZEC: t1gGY496794uEC4dTPiXitU8nYgXGLm78HH
♥ DGE: DFoVXJTiGKXTPUeztrpmYEWaHtXrBK452y
ESSENTIAL CRYPTO RESOURCES
♦ Recommended place to buy Bitcoin/Ethereum: COINBASE -
Sign up here: https://www.coinbase.com/join/58977243c1604b62321378df
♦ Recommended Wallet: LEDGER NANO S -
Available here: https://www.ledgerwallet.com/r/3c47
♦ Recommended Exchange: (TBA)
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Crypto Wallet is similar to Bank Account. It allows you to store, receive and send cryptocurrency to others account. Basically there are two types of Cryptocurrency Wallets:-
Online Wallet: This Wallet is installed into your mobile or Computer System using tight security and Encrypted form. For example:- Coinbase, Whaleclub, Avatrade etc. are Web Wallets.
Hardware Wallet: Offline storage device to store cryptocurrency. For example Ledger Nano and TREZOR.
Web Wallet are simple to use and setup.
Before choosing the best wallet must read the reviews and compare with another wallets.
1. Open the Blockchain Wallet by entering URL: http://coinsesame.com
2. Sign Up the process by entering all the details like Name, E-mail, Password.
3. After Signing Up you will receive verification mail for confirmation.
4. Level 1 to secure your wallet. After Logged in go to the “Security Center” and click Back phrase on you Dashboard.
5. Enter recovery phrase. Store the recovery sheet safely.
6. Link your Mobile number to the wallet and enable 2-Factor Authentication.
7. Secure the final level in you Security Center by blocking IP address from the TOR network. Done.
Hardware Device Setup Guide.
1. Connect the Trezor or Ledger device to your Computer or Laptop via USB Cable.
2. There you will see the Lock Icon.
3. Download a Browser Plugin.
4. Install the latest Firmware.
5. Give the Label to your Hardware Wallet.
6. Choose the PIN like ATM.
7. Save the recovery seed of 24 words to secure your wallet for secret recovery.
8. Keep your recovery seed safe from theft.
The Banking system is corrupt but at least it is regulated. The mistrust of dealing with crypto through exchanges, hardware wallets, hackers, is creating a paranoia unheard of. As long as you have hackers, no individual will be compensated for loss due to mistakes or criminal activity, be prepared to lose everything, don't underestimate hackers, they will find a way to beat the system.
Hi louis. I would like to ask if it’s possible to buy cryptocurrencies like ether and ripple abroad and store it in the hardware.. coinbase is not yet available in our country, and i want to invest as soon as i can.. the nearest country is singapore, so i was thinking if it’s possible for me to buy in singapore, store it in the hardware and comeback to the philippines.. it might be hard but it’s the only way.. or maybe you could recommend me where i could get ether or ripple somewhere else from the philippines. Thank you
There are a lot of issues with the ledger!!!!!!!!!!! Do not promote this piece of garbage!!!!!!!!!!! Just go on their website and you'll see tons of people that lost their crypto's. No customer support. Nobody you can contact from ledger. This is very unexceptable and all these youtubers promoting this ledger GTFOH!!!!!!
How can you not hack that Hardware Wallet and add cryptocurrency too it? I wonder and I would not be surprised that you can and eventually all these hardware wallets is gonna banned and you will lose all your currency. Ripe for hacking. haha. I would stay away from these wallets. Good luck.
dude I just spent £100 on a nano ledger s to secure my crypto only to discover that it only store a very limited number of alt coins. I have verge, tron, power ledger ect. How do I keep those safe? I don't want to keep them on the exchanges. Especially as im hodling them all. anyone got a solution to this??
You can't just definitely declare that hardware wallets are the best way to store your cryptocurrency....like, wtf? There's plenty of people that would disagree and state that paper wallets are the best way. And they aren't wrong, both offer great security, but both are susceptible to being damaged physically, or electrically and any of those situations depends on what measures you take to secure your wallet (IE: with paper wallets; printing out two copies of your keys, laminating them, then encasing them in a more rigid enclosure and storing one offsite in a fireproof safe, and the other onsite in a fireproof safe) but I would be inclined to agree with you about hardware wallets. It's an OPINION, however, and NOT a fact.
And btw, "How to Store Cryptocurrencies" IS EXTREMELY misleading. I thought you were going to talk about wallets and the types of wallets. Yes, I did see the "Best Hardware Wallet" part of the title, but I figured it would just be worked in. I had no idea this video has nothing to do with how to store cryptocurrencies. I honestly can't believe more people haven't said anything...or rather, I actually can believe it. I know there are plenty of people that would look at your title and realize it's misleading, but not really care because it doesn't effect them....smh...
what????? why don't you take some time and look into what chipsets they use and how long they may last! Sense USB flash drivers do NOT last forever or even a long time. You choose that one because the way it looks! LOL Not help full at all!
Hi, Thank you for the info very valuable, however, you seem to be talking to English speaking people, if you give examples and speak slower and give picture examples you will get 1000's more followers slow down at the tech points and show examples with pictures, clearly! some people are not tech savvy! Thank you excellent work :)
You can restore any BIP39 hardware wallet onto any other BIP39 wallet using the 24 words - so if Ledger goes out of business you're not stuck if you have your 24 Words saved.
Bought mine at amazon, cheapest and fastest way i think. heres a link for it : https://www.amazon.co.uk/gp/product/B01J66NF46/ref=as_li_tl?ie=UTF8&camp=1634&creative=6738&creativeASIN=B01J66NF46&linkCode=as2&tag=mustiiaffilia-21&linkId=d7dd34ae822dac65bcffce9935f6c03e
Thank you for this video, very informative especially with some of the comments and replies it generated! I was going to ask about data storage deterioration/life expectancy as in if you keep the wallet unused for years. Yes, I'm aware of the recovery phrase thing on a new device, but still wondering.
Please answer this question. If you have coins in a hard wallet. I assume there are 3 keys. Personal, exchange and the network key. If I am wrong please correct. Now if your exchange gets hacked or goes down for any reason. Does that render your coins in the hard wallet useless and frozen forever.? If you want to send coins from your hard wallet to another person or another exchange do you need to get permission or key from your current exchange.? These may be simple questions that everyone knows but I am new and really need this info to get started. Maybe you could recommend a site that answers all these questions and more. Thanks
Which cryptos can be stored on each wallet? What is customer support like? Durability? Security features? Transfer Fees associated with each wallet? Update frequency? You presented no pros and cons for either device, such a waste of time...
Let's say I have 5 crypto assets in there. If I lose my hardware wallet, will I be able to recover ALL FIVE of them with the seed phrase? Also, who will ask for my seed phrase? The new (replacement) device?
Thanks for the explanation and I know Im like 5 months late to notice how to secure coins better. I have a bit worry about that hardware what if it is broken would you be able to retrieve or fix it and not to lost anything I mean like the old USB pendrive or what ever they called it now..Haa i know its sound funny to some ..
Louis, I know this video is several months old, but I'm looking for a hardware wallet that stores the most diverse cryptocurrencies. I Have a TREZOR and it's great, but it doesn't support Ripple and several other currencies that I own. I would like the options, because now I have some on my TREZOR, some in my EXODUS wallet, and the rest in exchanges, which I don't like. I'm buy and hold at this point. Thanks! And thank you to whoever else in this thread who can help me out.
LOL...Don't worry about cyber security if you have no signal. . . It is still early days, but one thing is certain. The government and financial institutions are already on red alert regarding all crypto currencies. If anybody think they are going to give up their power to control society, along with the power to milk them for profits, they are in for a surprise. Everyone seem to think they are untouchable in this "online virtual world", but they forget that government has control over, or can gain power over the signal you require to be online. Once the threat becomes to strong and they lose too much money, they will simply cut you off from utilizing the network. Already everyone that is on the Apple platform can be switched off by flicking a switch. You cant use your iPhone if they don't switch it on. . . .and you cant do nothing if they decide to switch it off . . . .all the millions In crypto currencies will be useless to you if you cant access it. . . . like I said, early days. . . I no the crypto enthusiast will remain optimistic, but lets also be realistic . . . .we all know what's going on behind the scenes where the power struggles for world domination is taking place . . . .Money is power so they will put up a fight to retain it. . . just saying, but all the best
Hi! i'm thinking to get my crypto out of the exchange. now i'm using xapo but i really don't know how to move my crypto from xapo to the hard wallet......do you know what procedure to follow?? thanks in advance for any answer......
How to become bitcoin trader? Exactly like Bitcoin, multiple digital currencies exist in the marketplace. So if you prefer to buy a few other currencies which aren`t available on Indian Exchange than you can utilize Bittrex. All you have to do is locate an exchange that you favor. Cryptocurrency exchanges have a massive potential to modify peoples minds and opinions concerning cryptocurrencies generally speaking and their application in actual life. So even in the event the exchange is attacked, its still true that you have your money. Furthermore, the exchanges prepare each and every industry for Bitcoin expansion. Existing stock exchanges will also compete to be able to fulfill the users configuration requirements. Sooner or later later on, the prices will grow more equal, meeting somewhere in the middleyour profit is equivalent to the quantity of convergence. No matter how far it is from Kijun, it is likely to return and test that level at some point. The amount of bitcoin is perpetually changing. In the US, it is 1000 USD. Whats even better, seek the services of a seasoned lawyer or at least ask for an in depth consultation. So youve read the newspaper about the meteoric growth of crypto currencies including Bitcoin or Ripple. Then coming up with 1000s of exchange rates simply to go out and get groceries is nearly impossible. Many cities around the world provide a bitcoin ATM where you are able to trade cash for bitcoin. The cryptocurrency world isn`t efficient.