🚨 HEY, Tangem is my favorite cold wallet! And they’re have a massive deal right now through December. Get 20% off the Tangem Wallet with our code: CYBERSCRILLA Or just use this link: tangem.com/ring/?promocode=CYBERSCRILLA God bless! - Alex
@@MegaHarshMehta it’s literally the exact same process, just with a different wallet. I suggest you watch this video too: How to Manage Your Crypto Safely in 2024 (Beginners Guide) ruclips.net/video/zAytWdIqE1g/видео.html
@@cyberscrilla in this video also it shows transferring from a hot wallet to cold hardware wallet .. i want to know how to transfer from a cold hardware wallet to another cold hardware wallet to perform a transaction.. for example how to transfer crypto from onekey cold wallet to a trezor cold wallet to perform a normal transaction?
Dude! if you want to explain a subject like this to people who already know about this stuff, you nailed it! The way you speedily fly through this subject using industry lingo, makes it very easy for someone who is already knowledgable about this stuff, to just sit there and waste a bunch of time watching a video about stuff they already know about. For the rest of us... good luck. Kudos. And just to hit the point home, it's not just about the speed...
@settingthecaptivesfree9584 this is not that kind of video. I recommend watching my masterclass: If I Wanted to Start in Crypto in 2025, I’d Start Here [FREE COURSE] ruclips.net/video/fbut5dLecrs/видео.html
A Question Please: I sent some ETH to my LEDGER a few months ago. It never arrived. OH S--T, Ledger said I sent it on the wrong network. That they did not support it. So, are my funds lost? My Ledger battery has died, and I ordered a new Trezor 3 safe yesterday. You talked about how many networks this uses. So, is there any chance I can recover the funds? I sent them from Pionex, so I think the info is still there. Well, it's worth asking. Before, I had always sent a small amount to make sure it arrived Opps...This time, I did not, and of course, it was a large amount. Thank You for any help or Ideas you may have.@@cyberscrilla
Please choose the network carefully and make sure that the selected network is the same as the network where you are withdrawing funds. If you select the wrong network, you will lose your funds.(TREZOR Q&A) OUCH! that hurt
Thank you. Explain it good. What is a good wallet on my iPhone? What app is safe? I have bitcoin in kraken so if I transfer it to a app wallet They are really mine and not paper?
Even wallet apps are not a good place to store your crypto. You should really use a hardware wallet. That said, Tangem is one of my favorite hardware wallets. It’s as easy to use as an app wallet (because use a a mobile app to manage your crypto) but your private key is securely stored offline on the card. Here’s my full review. Check it out and get your crypto off exchanges! ruclips.net/video/bPZpzjJl3ts/видео.htmlsi=5gRcVkg-e7yrxNWS
I'm new, trying to figure out all this crypto business, and what it seems to come down to is: fee's, risk, fee's, more fee's, more risk, probably losses, and then a couple more fee's. 😂🤣
Hello and thank you for all your great videos! I am completely new at crypto, I've been studying for around 4 days now. I'm going to purchase a new Tablet to use for all Crypto transactions (not sure what Malware maybe on my computer & phone), and I will not use it for anything else. Will the OneKey Classic work on it? I don't hear others using a Tablet, is there anything wrong with using the Tablet? Thank you so much.
When do you get the Keyphrase to keep your wallet safe? 6:35 When you buy the wallet does it come with its own keyphrase? Surely that wouldn't be safe... Or do you have to set one up, and how do you set up the most important keyphrase? thanks
@@grantmail4112 When you buy a wallet it doesn’t come with a seed phrase. It’s during the setup process when one is randomly generated. Wallets randomly generate a unique seed phrase using what’s called a random number generator which you then record and use to access your crypto account on the blockchain. And seed phrases aren’t attached to any one wallet. So you could create a seed phrase using a Trezor wallet for example, import it into a different brand wallet like Ledger, and continue managing your crypto. Thats why it’s so important to secure your seed phrase. It is the master key to your crypto account.
@@cyberscrilla Great help... really well explained.. (I have not even heard of the term "seed phrase" before so thats good to know. I opened my Kraken Trading Exchange today and now have the knowledge of how to store Crypto safely.. thanks 👍
I have a super guide coming out soon. I’ll cover exchanges, wallets, and my strategy for securely managing crypto. Be on the lookout for it. If not this week, early next week. Would love to hear your feedback on it after you watch it. - Alex
Hello CS, newbie question here: If I wanted to store my crypto long term in a cold wallet, does it matter which network I used to store it in? .... (Future wise)
Did not understand what you meant at 1 min. What is a mobile only wallet? At 2:50. 3 min I’m lost. This video is not for beginners. My phone did not come with a crypto wallet.
I don't think this is a video for beginners because I like many others find it very difficult to not only understand you but you spoke so quickly! This is more for intermediate users. We are just trying to understand what an external wallet is, what ones should we use and why we use it..... I will keep searching for another video. Thanks.
Sorry to hear that. It sounds like my slower pace crypto masterclass video is exactly what you’re looking for: ruclips.net/video/fbut5dLecrs/видео.htmlsi=tV0GIEoIY1ZW-EBH
Yes you can import the seed phrase created on your exodus wallet to Tangem. Nothing happens to your wallet. Remember, the wallet doesn’t store crypto, everything is attached to your seed phrase. Not your wallet That said, I don’t recommend importing a hot wallet seed phrase into a cold wallet as that defeats the purpose. Best to create a new seed phrase and transfer crypto to that wallet
Best solution for traveller with no home base for storing crypto? Imo globetrotting with physical wallet and seed phrase is risky. How about spread crypto over a few different exchanges and/or mobile wallet for easy access?
I never recommend storing crypto on an exchange, too risky. I have friends that can’t access thousands of dollars worth of crypto stored on exchanges. And if you’re willing to use a self custodial mobile wallet, might as well use a hardware wallet. As long as you don’t mind using your phone to manage crypto, I’d recommend the Tangem wallet as a traveler. Super durable and they’re cards so they fit in your physical wallet. - Alex
Im a newbie so lets say i put 5k worth of crypto on my cold wallet and the price of that crytpo skyrockets and its now worth like 1 mil and now i wanna sell and take profits. How do i sell the cryptos from my cold wallet?
Either send back to the exchange to sell (this is what I usually do as the fees are often cheaper) or you can sell certain coins directly from your cold wallet to your bank. You can also swap to a stablecoin if you want to stay in crypto but not worry about the volatility. This video should really help you though: ruclips.net/video/hSpnLPWY2S8/видео.htmlsi=DXajFXyKgAOpnUWj
Great Info. I was waiting for this vid. Thanks i appreciate it. I have the old tangem card i like it. Im planning to get the new tangem card with the 12 word phrase would it interfere with my old tangem card? Can i use it separately meaning old card and new card ?
You’re welcome! And yes you can use the new Tangem separately (in fact you’ll have to). But you can have both wallets in the Tangem app at the same time so they’re still easy to manage. - Alex
Hi friend, I'm thinking about buying a hardware wallet but I'm worried about the fees I'll have to pay to move coins. Can you give me a better idea of how much it costs? Thank you very much.
This is hard to say, as the fees solely depend on the network where your crypto lives. Cold wallets don’t have fees. Exchanges and Blockchain networks charge the fees. So perhaps, if you would like to know the fees for certain networks just ask Google and it should tell you what the current fee is. As for exchanges, most of them charge 0.5% to 3% of the total transaction price. That said, it is worth paying for these fees to secure your crypto.
If I am more of a phone user, but using a hard wallet like trezor, can I just get to this point with the trezor app on the computer 4:55 and just scan the QR on my deposit / withdraw action inside the excange on my phone, right?
I am deciding I'd like to move my crypto over to a hardware wallet. I appreciate your video for the info. The only question I can't seem to find an answer to anywhere is what happens if something happens in the future and the software for the wallet isn't accessible anymore, are you screwed? I may not be understanding correctly though. In essence it's a little mini computer that talks to the blockchain for you via software. I know your wallet is technically on the blockchain, but if something happens to the hardware and or software is there any possible way to still have access to communicating with your wallet?
Your crypto is stored on the blockchain. It is secured by a key which is generated by the wallet. Your cold wallet simply provides you with a secure environment to manage and store that key. Even if you lose the wallet or the app disappears, you can always access your wallet using your seed phrase (the key) and another brand wallet. So no, you’re not screwed. And you’re not reliant on one specific wallet or app. The important thing is that you keep your seed phrase safe
@@cyberscrilla I still have the Ledger Nano S. I think i heard it right that the firmware update is not possible on this device. I do not like to see Ledgers recent moves but i would love to use the S still. Would you say the Nano S is still a very good/secure hardware wallet? ….I’ve noticed that Ledger stoped selling the Nano S and at the same time brought out the recovery feature🤔
So why is it so bad to just leave it on the exchange itself ie. Coinbase, Robinhood etc. Aren't they insured? I've lost probably about 5k moving things around (My fault) from Trust wallet to Coinbase and not Coinbase Wallet. Its on a phone thats all I use it for so no email, no links, no weird wifi connections just at home.
By keeping crypto stored on an exchange, you don’t actually control your funds so they can do things like free funds and lock your account (this has happened to me) so even if they’re insured, you could miss out on big opportunities because ultimately at the end of the day you don’t control your crypto. Also, the point of crypto is to be your own bank and control your own money by keeping it on an exchange you don’t control it
Can you send your crypto straight from the Kraken exchange to your cold wallet? Or would I need to send it from my Trust wallet first then to my cold wallet device. Ledger.
@@ForeverDisciplined yes, you can send it straight from kraken to your cold wallet, the same way you’d send crypto from kraken to Trust wallet. No point to send to a hot wallet then cold wallet unless you like wasting money on fees ;)
@thecivilunrest2970 you just pay blockchain fees to send crypto back to the exchange. I recommend watching my crypto masterclass to better understand how all of this works: ruclips.net/video/fbut5dLecrs/видео.htmlsi=B3l7127UeXcYJP7g
I'd like to transfer from a crypto website to trezor and it says "Withdraw failed because there's no 2FA" - So wanted to ask if you could show me, how I can set a 2FA up on my trezor wallet 5 . Thanks in advance!
Do they charge fees on the wallets to keep your CRYPTOS safe ? sorry I'm new to this already started buying some crypto, have like 8k on cryptos and didn't like the fees I'm getting to each transactions on coinbase wallet..planning to get into this more and wondering if i really need this cold wallet thing, i keep hearing even Elon that is the best way to keep your crypto safe,(didn't know they can steal them from your coinbase app) really need a little tip on how and what on transaction fees or and if i have to pay on wallets monthly to not lose my cryptos..tnx
No, hardware wallets (cold wallets) do not charge any monthly fees to keep your crypto safe. Once you buy the wallet, you own it outright, and there are no ongoing fees just for storing your crypto. However, there are transaction fees whenever you move crypto between wallets or make a transaction on the blockchain. These fees are charged by the network (like Bitcoin or Ethereum), not by the wallet itself. Fees vary depending on the network and how busy it is. A hardware wallet is considered one of the safest ways to store your crypto because it keeps your private keys offline, reducing the risk of hacks or theft compared to online wallets or exchanges like Coinbase. So, if you're concerned about security, getting a hardware wallet could be a smart move. But remember, you'll still pay network fees whenever you send or receive crypto, no matter which wallet you use. I recommend Tangem. Super secure and VERY easy to use. Here’s my review: ruclips.net/video/bPZpzjJl3ts/видео.htmlsi=vA8_ZRkX1oZaSfbC And a tutorial to use it: ruclips.net/video/LdlmHR120e8/видео.htmlsi=eUG94Q3zhlA3yspP - Alex
@@cyberscrilla i transfer my coins (xrp) to tangnem..after that i tried to transfer other coins and the app said that in order for the app to add that coin i must reset the app, and if i do that i may lose the coins i already have in there, so i need to transfer the coins back?, than reset ,and than transfer back again the coins to tangem? You knew this,,is that how is gonna be every time i try to add a coin they don't have? ..tnx in advance for any and all your replies👍
Cypto seems to make less sense the more I look into it. Which is funny since there's a million and one memes about 'how simple it is.' Not to mention the transaction fees seem to be excessive, especially for small transactions. Not sure how this is supposed to be the currency of the future.
The word “crypto” encompasses numerous currencies and blockchain networks. So when you say fees are excessive for small transactions that’s not completely accurate. Each network has its own use case. Not all “crypto” is the same. For example, to transact on Solana it costs .03 and it doesn’t matter the size of the transaction. And same with other coins. Now there is some truth to what you said, like Ethereum and Bitcoin which can have high fees depending how congested the network is at the time of transacting. To your point: crypto is the wild Wild West. Theres a lot to learn and very few experts to teach it. But, that doesn’t mean there isn’t immense opportunity. - Alex
It makes no sense to invest everything in crypto because there maybe delays or systems can go down ECT but you still can invest in crypto but also in previous commodities silver gold or stocks in companies like Zion oil djt media stock Tesla Ford in other words invest in things you can quickly have in like silver but other things make long term in case there a bank run and store food water for 3 to 6 months but the crypto if done right will lead to millionaire and billionaires
I have a question what to do if the hardware wallet is lost or damaged and the producer of it is no longer produce or exist how to recover the access to the crypto saved on it?
Guys, I can see over and over again that ppl can't see their coins on the cold wallet and I have EXACTLY the same issue. I can see them in the chrome ext, I can see the same in my SP phone hot wallet but nothing on the cold wallet and they all have exactly the same receiving address. What the - What am I doing wrong?
Bien sûr. C’est l’objectif du portefeuille froid. Sortez votre crypto des échanges centralisés où ils contrôlent vos fonds et prenez-les en main. Soyez votre propre banque. Si vous avez besoin de recommandations sur les portefeuilles matériels, je suis heureux de vous aider. De plus, j’ai une playlist entière ici: ruclips.net/p/PLcf_x896LiWP5A_BkcIBEkpflQhThbJ7x&si=gx7d_i8JctP6Gj6F
Nothing. Your crypto isn’t stored in the device, it’s stored on the blockchain. Wallets are simply tools used to secure and manage the keys used to access your crypto. So as long as you have the seed phrase, you can import it into any wallet to access your crypto. This video explains it very well: ruclips.net/video/qlzHmvbrSZk/видео.htmlsi=i-lQQ98MDrrDCXdq
I can't figure out the difference between btc and BEP20 and lightning and ... How can i send bitcoin to my safepal without having to pay these insane fees(currently it's 0.0005). I'm planning to buy daily on small amounts and hold for a long time but can't do due to this fee problem. i would appreciate your help. Thanks
@@AG-en5y the point of a cold wallet is to protect your keys even if you’re device is hacked. A cold wallet is separate from your pc/phone. That’s why it’s cold. It’s offline. I never said a phone was more secure than a computer, and it’s a debatable topic. But that’s why you use a cold wallet.
@ I think I’m still too ignorant about the topic Scill, I assumed that the second I connect my card or my ledger into the laptop / phone that someone could do the stealing at that point. For example I was under the impression that when you tap the card or connect the ledger the 1st time they can grab the password and on 2nd time they can do the stealing 🤔
@@AG-en5y Nope. Thats not how it works. The keys are stored offline on the device on a secure element chip that’s immune to remote and physical attacks. I have a couple videos you should watch that will help you: 1. Crypto Wallets: Hot Wallet vs Cold Wallet vs Exchanges (EXPLAINED) ruclips.net/video/qlzHmvbrSZk/видео.html 2. 7 Crypto Security Tips NOBODY Tells You (but are EASY to do) ruclips.net/video/hXuK6FxD2bo/видео.html
@@oozley7473 The cold wallet securely stores the keys (master key (seed phrase) and private keys used to access and manage your crypto which lives on the blockchain.
No, that’s not a taxable event. Only when you swap/sell one crypto for another or crypto for fiat. That said, I’m not a tax professional. So take that for what it’s worth
Yes, hardware wallets are self-custodial, meaning you have full control over your crypto. In contrast, custodial wallets are managed by a platform, which holds the control over your crypto. I would NEVER store my crypto on an exchange. Too many horror stories. I just dropped a new video about things to know before buying a hardware wallet. You might want to check it out: ruclips.net/video/d-9OYPT0JLk/видео.htmlsi=BVr7Jc07bTwhLVT8
Can say Charlie who has a hardware wallet and owes me 50.00 send it directly to my Hardware wallet? Also if Charlie was a crook and instead of sending me 50.00 could he instead empty my wallet which had say 10,000 in it. Thanks for a great video.
Yes, anyone can send crypto to your wallet assuming they know its public address. And no, people can’t randomly empty your wallet. They’d have to either know your seed phrase, or you’d have to give them access.
For the most part. Wallets like Tangem support over 70 blockchain networks. Whichever wallet you choose, simply check its coin support and ensure it supports all the cryptos you plan hold
@@cyberscrillaplease explain how they are scammers. And what makes them different from the rest or are they all scammers? Please explain a lot of us are new and see this with no info… it’s like wtf? Please explain
Coinbase charges INSANE fees, freeze funds, lock accounts, and experiences “downtime” when crypto pumps so people can’t sell. Sounds scammy to me. Especially considering they’re a billion dollar company whose customer support is basically non existent.
Send to exchange, sell for fiat, withdraw to connected bank. Or Sell from hardware wallet directly to bank account using the sell button in the wallet’s native app.
@cyberscrilla Thank you. I've watched a lot of your videos last night, and you're one of the few i found that isn't trying to "sell me" anything. I had a terrible experience with robinhood when the first DogeCoin bull run happened. I didn't know coinbase was just as bad. I've moved most of my crypto off all exchanges now. What's your opinion on Exodus and Ledger?
@cyberscrilla thank you for the reply. I was just looking at the website Gemini, seems a little sketchy. When I click on something be it a phone or the website. The response is very slow like it's trying to think something over. Opinions are welcome.
Hey Richard, thanks for your feedback and I have taken it into consideration in my more recent videos This is an old video and I’ve learned a lot since. If you have any questions, feel free to drop them below. Also,, thank you for watching!
Love your channel but when explaining how to do something, please talk slower. You talk very fast. I have to keep going back and forth to write down the info. Pauses help too. Remember, we are new and it like a new language. Thanks!
Thanks for watching and your feedback, this is an older video. I’ve have gotten a little better about speaking slower. You can also slow down the video using the gear icon on the video 👍
@ bless you and thanks for response. I didn’t mean to be critical.. I actually speak too fast when I am explaining things I have knowledge about…it’s subject passion and enthusiasm. For me there is nothing I know about crypto though so with every word I am trying to think what it is. .. hopefully I get accustomed so that I don’t end up with empty wallets 🙂🪙
@@jarongallant9569 that would be a separate video on its own. I can’t show how to setup every hardware wallet in one video (even though they’re all mostly the same). Plenty of tutorials on YT that show you how to
Please make a video on how to manage wallet on tangem and hoh to ad tokens from diferite chains like SHRAPNEL or Ronin SOL ecosistem AVAX ecoseistem how to ad tokens on the wallet for example can i put PLS pulsechain on the tangem ? or SHRAOPNEL or diferite ecosistems APRECIATE THAT ! i share the videos with my friesnds youre the best ! wait for the video!!1
![How To Protect Your Crypto Wallet [Beginner’s Guide]](http://i.ytimg.com/vi/MeKrZW324zM/mqdefault.jpg)
![How To Protect Your Crypto Wallet [Beginner’s Guide]](/img/tr.png)
🚨 HEY, Tangem is my favorite cold wallet!
And they’re have a massive deal right now through December.
Get 20% off the Tangem Wallet with our code: CYBERSCRILLA
Or just use this link: tangem.com/ring/?promocode=CYBERSCRILLA
God bless!
- Alex
How to transfer from one hardware wallet to another person's hardware wallet for a transaction?
@@MegaHarshMehta it’s literally the exact same process, just with a different wallet.
I suggest you watch this video too:
How to Manage Your Crypto Safely in 2024 (Beginners Guide)
ruclips.net/video/zAytWdIqE1g/видео.html
@@cyberscrilla in this video also it shows transferring from a hot wallet to cold hardware wallet .. i want to know how to transfer from a cold hardware wallet to another cold hardware wallet to perform a transaction.. for example how to transfer crypto from onekey cold wallet to a trezor cold wallet to perform a normal transaction?
It’s literally the same steps.
@@cyberscrilla okay okay sir.. thanks 😊
Dude! if you want to explain a subject like this to people who already know about this stuff, you nailed it! The way you speedily fly through this subject using industry lingo, makes it very easy for someone who is already knowledgable about this stuff, to just sit there and waste a bunch of time watching a video about stuff they already know about. For the rest of us... good luck. Kudos. And just to hit the point home, it's not just about the speed...
Thanks for the feedback. I’ve gotten better. This is an older video
Right I'm lost
Just slow down the speed people on your RUclips settings
I click this video to learn how to get into bitcoin. I'm sorry
I'm lost.
@settingthecaptivesfree9584 this is not that kind of video. I recommend watching my masterclass:
If I Wanted to Start in Crypto in 2025, I’d Start Here [FREE COURSE]
ruclips.net/video/fbut5dLecrs/видео.html
As Crypto as a whole grows more and more will need to learn.
I’m still really new and you’ve been a big help.
You are appreciated!
100% happy to help. Thanks for watching
Another banger video by Scrilla 🙌
Thanks! 🙏
Thanks!
Wow thank YOU 🙏
A Question Please: I sent some ETH to my LEDGER a few months ago. It never arrived. OH S--T, Ledger said I sent it on the wrong network. That they did not support it. So, are my funds lost? My Ledger battery has died, and I ordered a new Trezor 3 safe yesterday. You talked about how many networks this uses. So, is there any chance I can recover the funds? I sent them from Pionex, so I think the info is still there. Well, it's worth asking. Before, I had always sent a small amount to make sure it arrived Opps...This time, I did not, and of course, it was a large amount. Thank You for any help or Ideas you may have.@@cyberscrilla
Please choose the network carefully and make sure that the selected network is the same as the network where you are withdrawing funds. If you select the wrong network, you will lose your funds.(TREZOR Q&A) OUCH! that hurt
@@randystevens2710 Yes always choose the same network and do a test send in case you mess up.
This video is so well explained ! Thank you
This video will hit a million mid/end of 2025 great info…
Thank you 🙏
Another great video am learning alot from your channel Im condidering a tangem wallet for a starter wallet
Thank you! Tangem is a PERFECT stater wallet. Secure, affordable, and easy to use.
This is the best video made on the transfer subject. Thank You.
Glad it was helpful! Thanks
Thank you. Explain it good. What is a good wallet on my iPhone? What app is safe? I have bitcoin in kraken so if I transfer it to a app wallet They are really mine and not paper?
Even wallet apps are not a good place to store your crypto. You should really use a hardware wallet.
That said, Tangem is one of my favorite hardware wallets.
It’s as easy to use as an app wallet (because use a a mobile app to manage your crypto) but your private key is securely stored offline on the card.
Here’s my full review. Check it out and get your crypto off exchanges!
ruclips.net/video/bPZpzjJl3ts/видео.htmlsi=5gRcVkg-e7yrxNWS
@@cyberscrilla but ledger have a hard wallet on a app? I mean that way I really own my bitcoin to my own wallet? And not exhange
Love this vid man Thanks for the help. I clicked on subscribe
Thank you!
I'm new, trying to figure out all this crypto business, and what it seems to come down to is: fee's, risk, fee's, more fee's, more risk, probably losses, and then a couple more fee's. 😂🤣
Hello and thank you for all your great videos! I am completely new at crypto, I've been studying for around 4 days now. I'm going to purchase a new Tablet to use for all Crypto transactions (not sure what Malware maybe on my computer & phone), and I will not use it for anything else. Will the OneKey Classic work on it? I don't hear others using a Tablet, is there anything wrong with using the Tablet? Thank you so much.
My boy right here!! Quick question for ya tho.. How come on Tangem even tho the coins are on the same network it still doesn’t allow the swap..?
Not sure to be honest. Only certain tokens are available to swap currently regardless if they are on the same chain or not.
This Channel Is Fre😮aking Awesome 😎!
🙏 🙏 🙏
When do you get the Keyphrase to keep your wallet safe? 6:35 When you buy the wallet does it come with its own keyphrase? Surely that wouldn't be safe... Or do you have to set one up, and how do you set up the most important keyphrase? thanks
@@grantmail4112 When you buy a wallet it doesn’t come with a seed phrase. It’s during the setup process when one is randomly generated.
Wallets randomly generate a unique seed phrase using what’s called a random number generator which you then record and use to access your crypto account on the blockchain.
And seed phrases aren’t attached to any one wallet. So you could create a seed phrase using a Trezor wallet for example, import it into a different brand wallet like Ledger, and continue managing your crypto.
Thats why it’s so important to secure your seed phrase. It is the master key to your crypto account.
@@cyberscrilla Great help... really well explained.. (I have not even heard of the term "seed phrase" before so thats good to know. I opened my Kraken Trading Exchange today and now have the knowledge of how to store Crypto safely.. thanks 👍
I have a super guide coming out soon. I’ll cover exchanges, wallets, and my strategy for securely managing crypto. Be on the lookout for it. If not this week, early next week. Would love to hear your feedback on it after you watch it.
- Alex
Hello CS, newbie question here: If I wanted to store my crypto long term in a cold wallet, does it matter which network I used to store it in? .... (Future wise)
Did not understand what you meant at 1 min. What is a mobile only wallet? At 2:50. 3 min I’m lost. This video is not for beginners. My phone did not come with a crypto wallet.
I don't think this is a video for beginners because I like many others find it very difficult to not only understand you but you spoke so quickly! This is more for intermediate users. We are just trying to understand what an external wallet is, what ones should we use and why we use it..... I will keep searching for another video. Thanks.
Sorry to hear that. It sounds like my slower pace crypto masterclass video is exactly what you’re looking for: ruclips.net/video/fbut5dLecrs/видео.htmlsi=tV0GIEoIY1ZW-EBH
My guy does NOT miss!!!
Thanks for watching!
Is that possible using my exodus seed phrase to tangem? If yes, what happen on my exodus after I use it on Tangem?
Yes you can import the seed phrase created on your exodus wallet to Tangem.
Nothing happens to your wallet. Remember, the wallet doesn’t store crypto, everything is attached to your seed phrase. Not your wallet
That said, I don’t recommend importing a hot wallet seed phrase into a cold wallet as that defeats the purpose.
Best to create a new seed phrase and transfer crypto to that wallet
How much are the transfer fees normally , and could you tell us what range the fees are within for small and big accounts❤ thank you
Transfer fees are determined by the blockchain network you’re using and its congestion, not the wallet, account size, or exchange you use.
Best solution for traveller with no home base for storing crypto?
Imo globetrotting with physical wallet and seed phrase is risky.
How about spread crypto over a few different exchanges and/or mobile wallet for easy access?
I never recommend storing crypto on an exchange, too risky. I have friends that can’t access thousands of dollars worth of crypto stored on exchanges.
And if you’re willing to use a self custodial mobile wallet, might as well use a hardware wallet.
As long as you don’t mind using your phone to manage crypto, I’d recommend the Tangem wallet as a traveler.
Super durable and they’re cards so they fit in your physical wallet.
- Alex
Can you do a video on the best wallets for storing cryptocurrency?
I already did, here it is:
Best Cold Wallets of 2024! (So Far)
ruclips.net/video/DFHS1kGHCEk/видео.html
Thanks for your help!
Thanks for watching!
Great video. Thx
Glad you liked it thanks for watching!
Im a newbie so lets say i put 5k worth of crypto on my cold wallet and the price of that crytpo skyrockets and its now worth like 1 mil and now i wanna sell and take profits. How do i sell the cryptos from my cold wallet?
Either send back to the exchange to sell (this is what I usually do as the fees are often cheaper) or you can sell certain coins directly from your cold wallet to your bank.
You can also swap to a stablecoin if you want to stay in crypto but not worry about the volatility.
This video should really help you though: ruclips.net/video/hSpnLPWY2S8/видео.htmlsi=DXajFXyKgAOpnUWj
Great Info. I was waiting for this vid. Thanks i appreciate it. I have the old tangem card i like it. Im planning to get the new tangem card with the 12 word phrase would it interfere with my old tangem card? Can i use it separately meaning old card and new card ?
You’re welcome! And yes you can use the new Tangem separately (in fact you’ll have to).
But you can have both wallets in the Tangem app at the same time so they’re still easy to manage.
- Alex
@@cyberscrilla thanks 🙏
Hi friend, I'm thinking about buying a hardware wallet but I'm worried about the fees I'll have to pay to move coins.
Can you give me a better idea of how much it costs?
Thank you very much.
This is hard to say, as the fees solely depend on the network where your crypto lives.
Cold wallets don’t have fees.
Exchanges and Blockchain networks charge the fees.
So perhaps, if you would like to know the fees for certain networks just ask Google and it should tell you what the current fee is.
As for exchanges, most of them charge 0.5% to 3% of the total transaction price.
That said, it is worth paying for these fees to secure your crypto.
If I am more of a phone user, but using a hard wallet like trezor, can I just get to this point with the trezor app on the computer 4:55 and just scan the QR on my deposit / withdraw action inside the excange on my phone, right?
Correct. You should be able to do that with most exchanges
I am deciding I'd like to move my crypto over to a hardware wallet. I appreciate your video for the info. The only question I can't seem to find an answer to anywhere is what happens if something happens in the future and the software for the wallet isn't accessible anymore, are you screwed? I may not be understanding correctly though. In essence it's a little mini computer that talks to the blockchain for you via software. I know your wallet is technically on the blockchain, but if something happens to the hardware and or software is there any possible way to still have access to communicating with your wallet?
Your crypto is stored on the blockchain. It is secured by a key which is generated by the wallet.
Your cold wallet simply provides you with a secure environment to manage and store that key.
Even if you lose the wallet or the app disappears, you can always access your wallet using your seed phrase (the key) and another brand wallet.
So no, you’re not screwed. And you’re not reliant on one specific wallet or app. The important thing is that you keep your seed phrase safe
@@cyberscrilla Ok, so the seed phrase is related to the blockchain, not to the specific hardware/software.
Thanks for helping clarify that!
@BeegEazy exactly! 👍
@@cyberscrillawhere can I get a seed phrase for my crypto
Great video.
Is the Ledger x a bad wallet?
I dont recommend Ledger wallets at this time. They’ve lied and messed up one too many times.
If you want a similar wallet, I’d go Trezor or Onekey
Thanks
You got it👍
@@cyberscrilla
I still have the Ledger Nano S. I think i heard it right that the firmware update is not possible on this device. I do not like to see Ledgers recent moves but i would love to use the S still. Would you say the Nano S is still a very good/secure hardware wallet?
….I’ve noticed that Ledger stoped selling the Nano S and at the same time brought out the recovery feature🤔
@@Ben-py7wn I’d move to something else.
I don’t recommend ledger anymore.
thanks, this helps a lot, great video
I’m glad you found it helpful, thanks for watching!
- Alex
I will get my tangem soon, im wandering is it possible to migrate cryptos from tangem to some another wallet using seed created on tangem? Thx
Yep. You can import it into any other wallet
So why is it so bad to just leave it on the exchange itself ie. Coinbase, Robinhood etc. Aren't they insured? I've lost probably about 5k moving things around (My fault) from Trust wallet to Coinbase and not Coinbase Wallet. Its on a phone thats all I use it for so no email, no links, no weird wifi connections just at home.
By keeping crypto stored on an exchange, you don’t actually control your funds so they can do things like free funds and lock your account (this has happened to me) so even if they’re insured, you could miss out on big opportunities because ultimately at the end of the day you don’t control your crypto.
Also, the point of crypto is to be your own bank and control your own money by keeping it on an exchange you don’t control it
Coinbase has locked me out of buying or selling. I made transaction 1 week ago but now my bank numbers no longer work.
@ yeah this is exactly why you don’t wanna keep crypto on a crypto exchange
@@cyberscrilla Plaid sux
@@cyberscrilla copy that TY
Hello everyone. I have USDT in my cold wallet, can I convert from USDT to Ethereum? Thanks
Yes you can. You can use a DEX or if your wallet allows it you can swap directly using your wallet’s software
Thank you for the support.
Is that the case for all coins or does it vary? Thanks!
What are you referring to?
I was referring to how many coins I should leave in my coin base account after moving into my cold wallet. Is ten coins a standard rule of thumb?
@@Slidogspe no. Don’t leave any. It’s not necessary
Can you send your crypto straight from the Kraken exchange to your cold wallet? Or would I need to send it from my Trust wallet first then to my cold wallet device. Ledger.
@@ForeverDisciplined yes, you can send it straight from kraken to your cold wallet, the same way you’d send crypto from kraken to Trust wallet.
No point to send to a hot wallet then cold wallet unless you like wasting money on fees ;)
When putting your crypto from your hardware wallet back to your exchange wallet is there fees in that process or just at the point of sale
@thecivilunrest2970 you just pay blockchain fees to send crypto back to the exchange. I recommend watching my crypto masterclass to better understand how all of this works: ruclips.net/video/fbut5dLecrs/видео.htmlsi=B3l7127UeXcYJP7g
I'd like to transfer from a crypto website to trezor and it says "Withdraw failed because there's no 2FA" - So wanted to ask if you could show me, how I can set a 2FA up on my trezor wallet 5 . Thanks in advance!
Do they charge fees on the wallets to keep your CRYPTOS safe ? sorry I'm new to this already started buying some crypto, have like 8k on cryptos and didn't like the fees I'm getting to each transactions on coinbase wallet..planning to get into this more and wondering if i really need this cold wallet thing, i keep hearing even Elon that is the best way to keep your crypto safe,(didn't know they can steal them from your coinbase app) really need a little tip on how and what on transaction fees or and if i have to pay on wallets monthly to not lose my cryptos..tnx
No, hardware wallets (cold wallets) do not charge any monthly fees to keep your crypto safe. Once you buy the wallet, you own it outright, and there are no ongoing fees just for storing your crypto.
However, there are transaction fees whenever you move crypto between wallets or make a transaction on the blockchain. These fees are charged by the network (like Bitcoin or Ethereum), not by the wallet itself. Fees vary depending on the network and how busy it is.
A hardware wallet is considered one of the safest ways to store your crypto because it keeps your private keys offline, reducing the risk of hacks or theft compared to online wallets or exchanges like Coinbase.
So, if you're concerned about security, getting a hardware wallet could be a smart move. But remember, you'll still pay network fees whenever you send or receive crypto, no matter which wallet you use.
I recommend Tangem. Super secure and VERY easy to use.
Here’s my review: ruclips.net/video/bPZpzjJl3ts/видео.htmlsi=vA8_ZRkX1oZaSfbC
And a tutorial to use it: ruclips.net/video/LdlmHR120e8/видео.htmlsi=eUG94Q3zhlA3yspP
- Alex
@@cyberscrilla i transfer my coins (xrp) to tangnem..after that i tried to transfer other coins and the app said that in order for the app to add that coin i must reset the app, and if i do that i may lose the coins i already have in there, so i need to transfer the coins back?, than reset ,and than transfer back again the coins to tangem? You knew this,,is that how is gonna be every time i try to add a coin they don't have? ..tnx in advance for any and all your replies👍
Hi Scrilla
Can 😮you do a video on how to stake Crypto using the Tangem wallet?
Thanx
Staking is not natively available yet. I’ll be sure to make a video once it’s live 👍
@@cyberscrilla Bummer!
@@cyberscrilla which is the best hardware wallet for staking please? Trezor?
Trezor is a good option to stake natively in the Trezor Suite app.
Bro. Is there gonna be a give away for the Tangem ring? I’d love one for myself.
I’ll try to arrange that 👍
@@cyberscrilla That’d be awesome!
I tried to use your link to purchase the safe3 but I don't get the 8% discount. Am I missing something?
Trezor does not offer discount anymore unfortunately.
Cypto seems to make less sense the more I look into it. Which is funny since there's a million and one memes about 'how simple it is.' Not to mention the transaction fees seem to be excessive, especially for small transactions. Not sure how this is supposed to be the currency of the future.
The word “crypto” encompasses numerous currencies and blockchain networks. So when you say fees are excessive for small transactions that’s not completely accurate.
Each network has its own use case. Not all “crypto” is the same.
For example, to transact on Solana it costs .03 and it doesn’t matter the size of the transaction.
And same with other coins. Now there is some truth to what you said, like Ethereum and Bitcoin which can have high fees depending how congested the network is at the time of transacting.
To your point: crypto is the wild Wild West. Theres a lot to learn and very few experts to teach it. But, that doesn’t mean there isn’t immense opportunity.
- Alex
It makes no sense to invest everything in crypto because there maybe delays or systems can go down ECT but you still can invest in crypto but also in previous commodities silver gold or stocks in companies like Zion oil djt media stock Tesla Ford in other words invest in things you can quickly have in like silver but other things make long term in case there a bank run and store food water for 3 to 6 months but the crypto if done right will lead to millionaire and billionaires
I have a question what to do if the hardware wallet is lost or damaged and the producer of it is no longer produce or exist how to recover the access to the crypto saved on it?
You can import your seed phrase into any brand wallet to access your crypto.
Guys, I can see over and over again that ppl can't see their coins on the cold wallet and I have EXACTLY the same issue. I can see them in the chrome ext, I can see the same in my SP phone hot wallet but nothing on the cold wallet and they all have exactly the same receiving address. What the - What am I doing wrong?
Salut à toi depuis la France. Les crypto que j’ai sur Coinbase ou Binance, je peux les transférer sur un Cold Wallet ??
Merci
Bien sûr. C’est l’objectif du portefeuille froid. Sortez votre crypto des échanges centralisés où ils contrôlent vos fonds et prenez-les en main. Soyez votre propre banque.
Si vous avez besoin de recommandations sur les portefeuilles matériels, je suis heureux de vous aider. De plus, j’ai une playlist entière ici: ruclips.net/p/PLcf_x896LiWP5A_BkcIBEkpflQhThbJ7x&si=gx7d_i8JctP6Gj6F
If you have a few bitcoin do split it between different wallets?
That’s up to you. I like to diversify my portfolio across multiple seed phrases.
What happens of Trezor or any wallet provider goes bankrupt?
Nothing. Your crypto isn’t stored in the device, it’s stored on the blockchain. Wallets are simply tools used to secure and manage the keys used to access your crypto. So as long as you have the seed phrase, you can import it into any wallet to access your crypto.
This video explains it very well:
ruclips.net/video/qlzHmvbrSZk/видео.htmlsi=i-lQQ98MDrrDCXdq
Tried to dca in the trezor suite app but invity doesn’t work in my region…any way around this?
What do you mean you tried to DCA?
I can't figure out the difference between btc and BEP20 and lightning and ... How can i send bitcoin to my safepal without having to pay these insane fees(currently it's 0.0005). I'm planning to buy daily on small amounts and hold for a long time but can't do due to this fee problem. i would appreciate your help. Thanks
Discount code for trezor not working
Trezor has discontinued all discount codes.
The link in the description on this video is the best price currently.
- Alex
If I'm staking crypto, should I leave a significant amount in coinbase, or does that matter?
I wouldn’t. You do whatever you feel is best. That said, you can securely stake crypto directly from cold wallets like Tangem and Ledger
What crypto should I store ? Stable coin? Or some of the big ones in the top 20?
@@CobraG-Tactical Not sure. DYOR
Are crypto credit cards a hardware wallet
No
Hi brother. Do you rhibk i should have a separate phone for all my crypto related stuff ?
You sure can. But it’s not necessary especially if using a cold wallet
@ I thought phones are easier to hack than PC?
@@AG-en5y the point of a cold wallet is to protect your keys even if you’re device is hacked.
A cold wallet is separate from your pc/phone. That’s why it’s cold. It’s offline.
I never said a phone was more secure than a computer, and it’s a debatable topic.
But that’s why you use a cold wallet.
@ I think I’m still too ignorant about the topic Scill, I assumed that the second I connect my card or my ledger into the laptop / phone that someone could do the stealing at that point. For example I was under the impression that when you tap the card or connect the ledger the 1st time they can grab the password and on 2nd time they can do the stealing 🤔
@@AG-en5y Nope. Thats not how it works. The keys are stored offline on the device on a secure element chip that’s immune to remote and physical attacks.
I have a couple videos you should watch that will help you:
1. Crypto Wallets: Hot Wallet vs Cold Wallet vs Exchanges (EXPLAINED)
ruclips.net/video/qlzHmvbrSZk/видео.html
2. 7 Crypto Security Tips NOBODY Tells You (but are EASY to do)
ruclips.net/video/hXuK6FxD2bo/видео.html
Should I send 100% of my XRP balance to my wallet or should I leave some in my COINBASE account? Does COINBASE require a minimum account balance?
You’ll need 10XRP on any address you plan to use XRP on. So if you plan to send XRP back to Coinbase eventually l, just leave 10
I sent xrp from trust wallet to coinbase no problem. Didn’t have xrp on coinbase to begin with. Why would you need to leave 10 on there?
@@hiimchris you don’t need to leave 10 on there, as long as you’re sending at least 10
So the cold wallets store your password for access to a crypto account? Y or N?
@@oozley7473 The cold wallet securely stores the keys (master key (seed phrase) and private keys used to access and manage your crypto which lives on the blockchain.
Do I pay taxes when I withdraw/transfer from an exchange to the hardware wallet?
No, that’s not a taxable event. Only when you swap/sell one crypto for another or crypto for fiat.
That said, I’m not a tax professional. So take that for what it’s worth
@ Thank you! No worries! Thanks for the quick reply! I enjoy your content!
Awesome. Thanks for watching!
- Alex
Is a hardware wallet better than a custodial wallet?
Yes, hardware wallets are self-custodial, meaning you have full control over your crypto.
In contrast, custodial wallets are managed by a platform, which holds the control over your crypto.
I would NEVER store my crypto on an exchange. Too many horror stories.
I just dropped a new video about things to know before buying a hardware wallet. You might want to check it out:
ruclips.net/video/d-9OYPT0JLk/видео.htmlsi=BVr7Jc07bTwhLVT8
How about from hot wallet to cold wallet?
Tengem doesn’t support my coins . What can i do ?
Choose a different hardware wallet. What coins do you need to store? I can point you in the right direction
- Alex
Can you transfer crypto from Robinhood to Coinbase?
Yes, same process as the video
Can say Charlie who has a hardware wallet and owes me 50.00 send it directly to my Hardware wallet? Also if Charlie was a crook and instead of sending me 50.00 could he instead empty my wallet which had say 10,000 in it. Thanks for a great video.
Yes, anyone can send crypto to your wallet assuming they know its public address.
And no, people can’t randomly empty your wallet. They’d have to either know your seed phrase, or you’d have to give them access.
@@cyberscrillaThanks kindly for your response as much appreciated
You’re welcome! Happy to help
Why can’t I send all my crypto at once? Have to wait several days for next transfer.
Sounds like there’s some kind of hold on the exchange. Just have to wait
Did you send ETH on ARB? Can't you only view Eth or other crypto send on other networks via third party apps?
No, I sent ETH on Ethereum. And I’m not sure what you mean.
Is it possible to store any crypto on any chain to your hardware wallet?
For the most part. Wallets like Tangem support over 70 blockchain networks. Whichever wallet you choose, simply check its coin support and ensure it supports all the cryptos you plan hold
How is ledger nano s & x ?
Ledger Nano S Plus and X are fine. Just small. But equally as secure as Ledger’s new models the Flex and Stax
I hope one day Coinbase will produce a hardware wallet😊
@@Rhond5that’s why u put a pin on ur sim and have 2 factor authentication
Coinbase are scammers. And technically they have their own cold wallets. They are directly invested in Onekey hardware wallets
@@cyberscrillahow are coinbase scammers?
@@cyberscrillaplease explain how they are scammers. And what makes them different from the rest or are they all scammers? Please explain a lot of us are new and see this with no info… it’s like wtf? Please explain
Coinbase charges INSANE fees, freeze funds, lock accounts, and experiences “downtime” when crypto pumps so people can’t sell. Sounds scammy to me. Especially considering they’re a billion dollar company whose customer support is basically non existent.
How do you move from a hardware wallet to your bank account?
Send to exchange, sell for fiat, withdraw to connected bank.
Or
Sell from hardware wallet directly to bank account using the sell button in the wallet’s native app.
@cyberscrilla Thank you.
I've watched a lot of your videos last night, and you're one of the few i found that isn't trying to "sell me" anything.
I had a terrible experience with robinhood when the first DogeCoin bull run happened. I didn't know coinbase was just as bad.
I've moved most of my crypto off all exchanges now.
What's your opinion on Exodus and Ledger?
@cyberscrilla Thank you.
I'm moving all my Crypto off exchanges.
What's your opinion on Exodus and Ledger?
I’m one of your premium clients
why paid 50% fee for storing Eth in cold storage ? 0.0004 Eth transferred in your demo for 0.003 Eth, Total 0.007
This is a great video but you talk way too fast !! It’s hard to process the steps.
It’s an older video. I’ve gotten better now. Thanks for the feedback. Maybe it’s time to make an updated one
This is why i bought bitcoin on etf only and i’m sleep very well now. 👏
What do u mean etf ? Isn’t that like an art gallery to sell art stufff.?
please do safepal
A review?
Let's fucking get it cudi!
Damn eth dooubled since this video, thats crazy!
I'm gonna guess the address I get from my crypto wallet remains the same for all receiving crypto?
Different blockchains will generate different receiving addresses. But your ethereum address for example remains the same.
@cyberscrilla thank you for the reply. I was just looking at the website Gemini, seems a little sketchy. When I click on something be it a phone or the website. The response is very slow like it's trying to think something over. Opinions are welcome.
@ZappedBunny not sure what you’re taking about
@@cyberscrilla Gemini website doesn't seem to respond normally. Very slow to respond to clicks.
nice
Talk to fast,and assume that you're audience is able to not only keep up, but understand everything you're saying
Hey Richard, thanks for your feedback and I have taken it into consideration in my more recent videos
This is an old video and I’ve learned a lot since. If you have any questions, feel free to drop them below.
Also,, thank you for watching!
Thanks Alex
Mr. Scrilla
Btc 107, Gotta get me some of that. The crypto Act. ?
Aloha
Love your channel but when explaining how to do something, please talk slower. You talk very fast. I have to keep going back and forth to write down the info. Pauses help too. Remember, we are new and it like a new language. Thanks!
Thanks working on fixing this. You can slow down the video too in by clicking the gear icon and select playback speed
- Alex
Bagaimana cara menambang Bitcoin di rumah
12:20 i hope you change the password on that one :)
believe it or not these exchanges are shady
Exactly why you don’t want to keep crypto on them. Treat exchanges like an exchange, not a wallet.
Well....I immediately discovered that I needed to learn the terminology before watching, AKA, verbage
Your crypto is not stored in a wallet. What is stored on it are your ledger keys / seed words.
Of course. But it’s still common to say “keep crypto on a cold wallet” etc. it’s just a saying
Did you even watch the video? That was literally his second point.
Talking too quick .. but great information I guess.
Thanks for watching and your feedback, this is an older video. I’ve have gotten a little better about speaking slower.
You can also slow down the video using the gear icon on the video 👍
@ bless you and thanks for response. I didn’t mean to be critical.. I actually speak too fast when I am explaining things I have knowledge about…it’s subject passion and enthusiasm. For me there is nothing I know about crypto though so with every word I am trying to think what it is. .. hopefully I get accustomed so that I don’t end up with empty wallets 🙂🪙
You are very bad at explaining. Not for beginners at all
Very not helpful
@@dejan8416 I’m sorry, why wasn’t it helpful?
My eyes hurt from that violet background
@@dejan8416 Okay, so the background was distracting? Noted. Other than that was it helpful?
Yes it was helpful thats true
@@dejan8416 thanks for your feedback.
Did not help me understand
ANYTHING!
I’m sorry to hear that, what did you not understand?
Not for beginners, didn’t actually explain anything just showed how you do it.
I provided important tips and showed you how to do it step by step. How could it have been better?
@@cyberscrillawhere did you actually buy the crypto? Kraken? And how is this different from Coinbase
And how do I set up a trezer hardware wallet?
Just a very fast video, a little hard to follow
@@jarongallant9569 that would be a separate video on its own.
I can’t show how to setup every hardware wallet in one video (even though they’re all mostly the same).
Plenty of tutorials on YT that show you how to
Please make a video on how to manage wallet on tangem and hoh to ad tokens from diferite chains like SHRAPNEL or Ronin SOL ecosistem AVAX ecoseistem how to ad tokens on the wallet for example can i put PLS pulsechain on the tangem ? or SHRAOPNEL or diferite ecosistems APRECIATE THAT ! i share the videos with my friesnds youre the best ! wait for the video!!1
Check out my Tangem User guide video!
Tangem Wallet Tutorial: Quick Setup & Transferring Crypto!
ruclips.net/video/LdlmHR120e8/видео.html
Trazor or Tangem you recommend for beginners, like me ?
Definitely Tangem 👍
Earned my sub by 6 mins in.
Thanks!
Thank you Randy! Your support means a lot.
- Alex