BTW the very best security is a biometric Cold Storage wallet that never touches the internet, If you lose it, your seed phrase should be stored in the vault in the bank. Treat your seed phrase just like cash. If it's worth a lot to you keep it in a vault in the bank. And only use cold storage wallets like Ledger or trezor or biometric based like ITbiometrics is building.
Can you elaborate on how a hardware wallet makes multiple private keys? I can't find any info on this and I don't really understand how it works. Aren't the addresses and private keys directly linked? Doesn't bitcoin "belong" to a single private key? There seems to be something fundamental that I don't understand.
@@onlyme436 Yeah, so your wallet's seed phrases are essentially a map that picks out private keys. When you make a transaction, the seed phrase is referenced to check any number of private keys for a balance, then it aggregates them into a single transaction.
I think the Ellipal Titan has a flaw or something. I create an account WITHOUT a pass phrase. Load coins. Delete the account. Use the seed to recreate an account but WITH a pass phrase the coins are there. Vise verse. If I create one WITH a phrase, fund it, delete it, recreate it WITHOUT the pass phrase the coins are there. I think it’s not properly creating my keys. I’m a newbie so I could miss understand the Pass Phrase. You have any thoughts?
Hey man thank you for your video!❤️ So what should we use to import our funds from 1 wallet to another the Seed phrase or private key? And if we had one seed phrase with multiple addresses if we import the seed phrase all wallets will be imported and if we use the private key only that specific wallet will be imported?
Great introduction video!! I appreciate the reference to the medium article. That is informative. A shame about your comment section being full of scams and spammers. Thanks Caleb. Funny introduction too.
BTW great video, really cleared things for me but i didnt understand the part about getting multiple private keys from the seed phrase. if there is a one to one mapping of private key and address where you rcv the money, then somehow should i get a new address everytime i ask it to give me an address to rcv funds? i have never seen a wallet issue a different address everytime i ask it to generate a rcv address for a specific token. its the same address each time. Also if i can generate multiple private keys from the seed phrase, how does recovery always gets you the correct private key to access the wallet when you try and perform recovery on a wallet where you lost your password or private key.
Sounds to me like the seed phrase creates different private keys so backup your seed phrase & NOT ONLINE OR accessible device. Write it down exactly as it appears then put it in a safe place like a "safe". The thing is we should also remember it because the wallet will ask for it. Wonder how memorizing things are now with all these gadgets do it for us.
The seed phrase is the important thing , save it as hard copy never copy paste it in your pc and dont save it as txt file ... take pen and paper and write it down twice ! ! ! save one copy at your house and one at your grandmother's house :) now you are all safe and done
Lovely video, obviously to triumph in Crypto world you need patience and peseverance, the rise of Bitcoin has being enormous and no doubt it's on it way to $20000. The market has being fair and it will be foolish not to know how to trade and increase your portfolio, during the fall of Bitcoin i lost almost all my coin and almost gave up in Binary trade not until i saw a video giving praises to Mr Oliver Carl and i reach him for help and he introduced me to a layout and provided me with 100% signal and with his strategy i was able to increase my earnings from 0.98BTC to 4BTC in just 3weeks, if you know you a newbie and will like to increase your portfolio reach him on Telegram @ Olivercarl00
BTW the very best security is a biometric Cold Storage wallet that never touches the internet, If you lose it, your seed phrase should be stored in the vault in the bank. Treat your seed phrase just like cash. If it's worth a lot to you keep it in a vault in the bank. And only use cold storage wallets like Ledger or trezor or biometric based like ITbiometrics is building.
ɱყ 12℘ɧཞąʂɛ ῳąʂ ʂųƈƈɛʂʂʄųƖƖყ ཞɛƈơ۷ɛཞɛɖ ῳıɬɧ ɬɧɛ ɧɛƖ℘ ơʄ *ɱąƈųʂɧąƈƙʂ ơŋ ||•ŋʂɬąɠཞąɱ* ɧɛ'ʂ ą ℘ཞơ, ɧɛ ƈąŋ ɧɛƖ℘ ყơų
You just gave me some answers I was looking for the past 5 hours XD Thanks!
Excellent tutorial man, thank you for your effort!
Ig you're only supposed to use an address once, how are you supposed to complete a 'test send' to a particular address?
Great video
So you're saying every single transaction in the history of bitcoin should use a different wallet address?
Can you elaborate on how a hardware wallet makes multiple private keys? I can't find any info on this and I don't really understand how it works. Aren't the addresses and private keys directly linked? Doesn't bitcoin "belong" to a single private key? There seems to be something fundamental that I don't understand.
Hey did you find out? Im sure he is wrong by some of these things.
@@onlyme436 Yeah, so your wallet's seed phrases are essentially a map that picks out private keys. When you make a transaction, the seed phrase is referenced to check any number of private keys for a balance, then it aggregates them into a single transaction.
I think the Ellipal Titan has a flaw or something.
I create an account WITHOUT a pass phrase. Load coins. Delete the account. Use the seed to recreate an account but WITH a pass phrase the coins are there. Vise verse.
If I create one WITH a phrase, fund it, delete it, recreate it WITHOUT the pass phrase the coins are there.
I think it’s not properly creating my keys. I’m a newbie so I could miss understand the Pass Phrase. You have any thoughts?
Hey man thank you for your video!❤️ So what should we use to import our funds from 1 wallet to another the Seed phrase or private key? And if we had one seed phrase with multiple addresses if we import the seed phrase all wallets will be imported and if we use the private key only that specific wallet will be imported?
I’m confused … is f your wallet address what you use every time you receive funds… how are you not suppose to use it more than once??
Great informative video! Thank you
Great introduction video!! I appreciate the reference to the medium article. That is informative. A shame about your comment section being full of scams and spammers. Thanks Caleb. Funny introduction too.
Lost keystore file for my XDC but have Mnemonic Phrase and password but one I get in no XDC just more addresses am I screwed ?
Nice vibe. Plus I learned a lot thank you
I’ve mistakenly sent from my binance account to Pionex ETH mainnet via BSC network.. now fund is out of nowhere.. anyway to get them back?
Hi there, I've lost my keyfile to my Arweave chrome extension wallet..would you have any ideas as to how I can restore my wallet? Thnx
Are seed phrases universal for other wallets? For example, my wallet company disappears. Can I upload my seed phrase to a different wallet provider?
Thanks. Very helpful
Hi, Can I have my money scammed just for giving my private key ? or need the seed phrase too ?
Mmm, chalk is also one of my favorite foods! Great video btw.
I am just wondering... if my funds are stucked at an illegal website, how can I transfer it out?
BTW great video, really cleared things for me but i didnt understand the part about getting multiple private keys from the seed phrase.
if there is a one to one mapping of private key and address where you rcv the money, then somehow should i get a new address everytime i ask it to give me an address to rcv funds? i have never seen a wallet issue a different address everytime i ask it to generate a rcv address for a specific token. its the same address each time.
Also if i can generate multiple private keys from the seed phrase, how does recovery always gets you the correct private key to access the wallet when you try and perform recovery on a wallet where you lost your password or private key.
Dose binanceUS use a seed phrase or private key?
Thank you very much
hi mate , maybe you can say HOW TO FIND MY PRIVATE KEYS MATE
So do you have to backup your private keys? Or just your seed phrase?
I'm proud of you,
*672MAC* on lnstagram. My 12/24 word phrase got fixed successfully. I'm so glad.....
Sounds to me like the seed phrase creates different private keys so backup your seed phrase & NOT ONLINE OR accessible device. Write it down exactly as it appears then put it in a safe place like a "safe". The thing is we should also remember it because the wallet will ask for it. Wonder how memorizing things are now with all these gadgets do it for us.
The seed phrase is the important thing , save it as hard copy never copy paste it in your pc and dont save it as txt file ... take pen and paper and write it down twice ! ! !
save one copy at your house and one at your grandmother's house :) now you are all safe and done
Hilarious how the comments section is brimming with Phishers
thank u men :)
sorry I got more confused after watching your video. nothing is explained more clear than any others.
When you said 100,000 bitcoin is practically nothing I had to pause the video and check the date of this video.
please sir ! teach me how to make gui in c++
Lovely video, obviously to triumph in Crypto world you need patience and peseverance, the rise of Bitcoin has being enormous and no doubt it's on it way to $20000. The market has being fair and it will be foolish not to know how to trade and increase your portfolio, during the fall of Bitcoin i lost almost all my coin and almost gave up in Binary trade not until i saw a video giving praises to Mr Oliver Carl and i reach him for help and he introduced me to a layout and provided me with 100% signal and with his strategy i was able to increase my earnings from 0.98BTC to 4BTC in just 3weeks, if you know you a newbie and will like to increase your portfolio reach him on Telegram @ Olivercarl00
who the F is PHILIPE?
can anyone know how to change seed phrase?
I don't get it
__ཞɛąƈɧ ơųɬ ɬơ *ɱąƈųʂɧąƈƙʂ ۷ıą ıŋʂɬą* ąŋɖ ɧɛ'ƖƖ ɠɛɬ ყơų ąŋ ąƈɬı۷ɛ ℘ཞı۷ąɬɛ ƙɛყ ʂơʄɬῳąཞɛ
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Please how too get my private key
I'm proud of you,
*672MAC* on lnstagram. My 12/24 word phrase got fixed successfully. I'm so glad.....
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Not a Novice inn the Game!! #Draxall so outta This world no One like him give a shoT
*palmhack* on !G made my recovery