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 🙏🏻🙏🏻🙏🏻
How did anyone not like this?! If your not interested, then just move on to another video. If you didn't understand, watch again on slower speed. It isn't this guy's fault.
Finally, somebody that explains cryptocurrencies without using "crypto-nese" to explain it. If you are new to the crypto world and want to know more without learning from pretentious young slick bots, that are in love with their own voice, leaving you in a jaw-dropping state of confusion, do yourself a HUGE favor, and watch every video this guy puts out!
After watching a number of sites explaining Bitcoin, I must compliment u on bn the best one I've found. Ur logical and simple explanations r very informative and easy to understand. Because of this, I now understand Bitcoin quite well. Very awesome, great job! 👍
Successful people don't become that way overnight. What most people see at a glance wealth, a great career purpose is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life
I totally agree with you, the crypto currency market is the most profitable venture I ever invested in, i reached my goal of $500k yearly trade earnings. Setting realistic goals is an essential part of trading
These are great videos even for ppl who consider themselves “experts” the basics are important. Not everyone is a quant, these are perfect for the every person.
The cryptocurrency market has made a lot of people very wealthy over the past decade. However, due to the volatile nature of the prices of digital currencies, it is understandable that many people, especially new traders are hesitant to trade crypto currencies. The good news is that now, there are many trading tools, such as trading signals, automated trading software and more, that enables traders to trade Bitcoin and other cryptos profitably. I have been trading with a pro trader who has helped me accumulate over 2.5BTC for the past 3weeks with just my starting 0.7BTC can equally help you achieve that. If you're a trader or a new comer to the cryptocurrency space, this is the right time for you to hold more Bitcoin now
@Gehrig Halbert bitcoin / ethereum etc. can't be adjusted at will by the Federal Reserve or anyone else for that matter. That is actually a major reason why it was invented. It is not ANY nationality specific. Cash on the other hand (U.S. for example) is looking at a serious recession sooner than later. The amount of national debt has sky rocketed and it going to keep going with new proposals. While your $10 ends up having $4 worth of buying power, crypto is not subject to any countries economic problems.
@@someoneelse6934 "crypto is not subject to any countries economic problems." This is because crypto has no actual value. Nothing backs crypto but faith in crypto. Ergo, it's the fullest expression of fiat currency.
When you say 'Bitcoin Wallet' are you specifically referring ONLY to Bitcoins or does it include all other Cryptocurrency? What I mean is do I need a seperate Ethereum wallet, TRON wallet, Binance wallet and so on ... OR will one wallet hold all my cryptocurrencies?
This is all great for the younger people who are tech savvy , brain over load I’m forgetting bitcoin to much bs gotta go through , normal currency is easier for me , I I’ll enjoy cash while it’s around . Older people just can’t follow this stuff . Now I know a bit more about wallets the more I’m not interested in bitcoin . Enjoy.
Does your Bitcoin in the wallet go up and down with the market? For instance, if I have $1000 dollars of Bitcoin in my wallet and Bitcoin is rising will it reflect in the wallet as well and go up or does it stay at $1000?
I would like to ask if I have my crypto wallet in my mobile can I transfer it to a hard wallet directly from my mobile because what I see is all soft wallets that gets transfer to a hard wallet is from laptops and computers.
Fantastic tutorial for its structure, substance and accessability to everybody. Thank you!! As an aspiring a small investor in BTC, what is the minimum amount of BTC to be able to create my wallet (and have my address, private key, etc).
If you're DCA should you move your crypto after each purchase even though (in my case) these are tiny amounts or wait until you reach a certain level ? Is there any advantage or disadvantage to either ?
Hi Michael, You should regularly move your crypto to wallets that you control. You shouldn't keep it in an exchange. The biggest disadvantage of keeping crypto in an exchange is that you can lose it if the exchange is hacked.
You've got to have conviction in your ideas, otherwise you won't know if you should double down on a long-term winner, or if you should pack your bags and sell.
11:57 questions to make a cup of coffee: How much water do I need? how much coffee should I use? do I need sugar? how much sugar? do I drink coffee everyday or just sometime? At the end, what is the advise coffee..??? I still do not know. thank you
Thx a lot for the practical explanation. I'm about to create a desktop wallet, and my question is: What about if my computer (that is an old one) gets broken, or suddenly not function anymore, what should I do in order to not lose my bitcoins?
successful people don't become that way overnight. what most people see at a glance-wealth, a great career purpose is the result of hard work and hustle over time
people come here with the aim of chasing money more than knowledge and that will damage your progress, trust me. Chase knowledge frist and I promise! the money we follow you just like it's following some of us now
I would like to watch your videos from the beginner level to more advanced. How do I know the order of the videos I should watch. I dont want to jump ahead and learn something more advanced before I learn the basics. I cant see any particular order for the videos. Please can you advise. Thanks
"Most of the bitcoin wallets are listed on this page...", he said. But there are none listed on this page. If I click on the highlighted site, I am not taken to a listing of the wallets, but rather to a signup page requiring me to become a "member". I consider this misleading, and I do not trust people who mislead me at the outset.
Loving how you guys explain crypto stuff, always use your insights! Agree on the hardware for big sums, and mobile ones for daily operations, practicing the same by myself. Ledger Nano/Lumi Wallet best combo ever!
But a little off topic, how can you withdraw USDT from an OKX wallet to a card if there are only these words: head isolate sound end kit industry choice festival limit stable dolphin derive. There is nothing else.
Choose a wallet: Select a software or hardware wallet to store your bitcoins. Examples of popular wallets include Coinbase, Mycelium, and Trezor. Create a wallet: Follow the instructions to create a new wallet account, either on a website or with a hardware device. Add funds to wallet: Transfer funds from a bank account or credit card to the wallet. This is typically done through a wire transfer or using a debit card. Locate a Coinsource ATM: Use the Coinsource website to find a bitcoin ATM near you. Insert cash: Insert the cash into the bitcoin ATM, either through a bill acceptor or by using a debit card. Scan QR code: Using the wallet app, scan the QR code displayed on the ATM screen. Enter amount: Enter the amount of bitcoin you want to purchase. Confirm transaction: Review the transaction details and confirm the purchase. Receive bitcoin: The bitcoins will be deposited into your wallet. Sending bitcoin: To send bitcoin, go to the "send" or "withdraw" function in your wallet, enter the recipient's wallet address, and confirm the transaction.
Electrum is a software wallet that allows users to store, manage, and transact with Bitcoin. It is a type of desktop wallet that can be downloaded and installed on a user's computer. It is an open-source wallet and supports features like multi-signature transactions, hardware wallet integration, and cold storage.
Hi Nate, ive got a question. I have transfered some amount of btc from my outside wallet app to my btc add exodus wallet app. It is confirmed and successful in the blockchain however it didnt display on my btc exodus wallet. Where did my btc amount go then it beens more than 24hrs from Aug.9 from 21:32hrs to Aug.10 21:32hrs.
Hello, The Bitcoin private key belongs to only one person. Nobody else can access it unless the owner shares it, one way or another. This said, all bitcoin wallets have public addresses that can receive coins. Anyone can see and transfer coins to the public address. I hope this helps.
First of all, blockchain is a Bitcoin wallet the only difference is that it also allows store other crypto currencies like Etherum, bitcoin cash and some others. So the advantage of the blockchain app is it’s fast and very secure but also has its risks as does every other.
The private key to my wallet I have written on paper. if I misplace the paper I have written my private key on. How can I retrieve my private key again from my wallet on my phone?
Some points are not clear, but interesting) And the question is, there is USDT on the OKX wallet, how can I transfer them correctly to Binance, only the seed phrase is: head isolate sound end kit industry choice festival limit stable dolphin derive. I don't know anything else.
Thanks for the analysis! I need some advice: I'm using a SafePal wallet with USDT and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). How should I go about transferring them to Binance?
Since the private key for your Bitcoin account is stored locally on the computer. Could I just take that key and say move it to a USB so that the only way I could access the account is by plugging the USB to the computer? Essentially creating this pseudo hardware wallet out of a hot wallet. It could be a lot more useful, secure, and cheaper than buying a $100 hardware wallet. Also I didn't know they still made Paper Wallets. That could be very useful for me as a "Cash on Hand" Bitcoin wallet.
Good point, however, what I'm wondering is, if your computer is 'compromised', hacked, spyware, whatever, the moment you plug in your USB to that computer, it is compromised also. Something I don't understand ether, if you keep your private key on paper, you presumably still have to type into your wallet to make a transaction, therefore vulnerable to keylogging malware or spyware?
@@simonwright2210 So since my last post it turns-out that yes, you can extract the private key from a hot wallet (or at least you can in Electrum), and you can create a pseudo-hardware wallet by placing it in a USB and telling the program where it is. But to answer your points: what makes a standard hardware wallet any different? Really the only difference I've noticed is the hardware-wallet makes you enter a passcode through the device after you've plugged it in. It's more secure yes, but I'm pretty sure hackers have found workarounds for that stuff; they usually do. And really that goes for anything crypto and computer related: hackers, and computer viruses can and will destroy your stuff (especially ransomware), but as long as you're careful and don't click around random links online, never download things from fishy websites, or don't talk to the Nigerian Prince you should be at least fine the majority of the time. Also, when I mentioned paper wallets, I was more so thinking about the ones with QR-codes on them, not the ones that you need to type-in yourself. It makes it a lot more convenient but less secure (of course), but I wouldn't keep all my money on a paper wallet. At most I'd have around $100 worth of Bitcoin in there, so that if it gets stolen I wouldn't lose everything and I can print-out a new wallet instantly.
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 🙏🏻🙏🏻🙏🏻
Thanks for posting this warning, I’ve noticed most other channels don’t bother even tho their comment sections are rife with scammers
Thanks.
I want to find out more about Bitcoin wallet
Thanks your channel is a great help to understanding crypto.
How will u know its safe with this person please help me out Bro
How did anyone not like this?! If your not interested, then just move on to another video. If you didn't understand, watch again on slower speed. It isn't this guy's fault.
Go away, Stop that.
Mother of God that was sooo much nicer than listening to my brother-in-law's explanation
I laughed so hard I had to read it again!!!
Lol hilarious
hahahahaha
I figured out bitcoin trading the hard way lol
@@bryanwhite5878 lol tell me about it
This is gold! How does this man only have 120K subscribers?
I don't even think most people know they should be learning this.
481k now. I think as bitcoin become more popular and mainstream, he will definitely grow more because his explanations are so easy to understand
No, this is bitcoin!
Thanks for watching,don’t forget to hit the subscription button!! For advice and insight hit the number above
I've seen different recommendations about this ADMIN they must be very exceptional for people to talk this good about them
I have to tell you, that is such a professional and detailed explanation. This was precisely the information I was seeking. Thank you.
Finally, somebody that explains cryptocurrencies without using "crypto-nese" to explain it. If you are new to the crypto world and want to know more without learning from pretentious young slick bots, that are in love with their own voice, leaving you in a jaw-dropping state of confusion, do yourself a HUGE favor, and watch every video this guy puts out!
Gotta love how he smiles/smirks every time he gives you warnings against the worst risks 😂
Your storytelling makes learning about crypto so enjoyable.
After watching a number of sites explaining Bitcoin, I must compliment u on bn the best one I've found.
Ur logical and simple explanations r very informative and easy to understand.
Because of this, I now understand Bitcoin quite well.
Very awesome, great job! 👍
Finally a good documentary for learning crypto coins! Congrats!
Congratulations for the content and thanks for making this easy to understand!
Then have you been thought about investing in it to earn a passive income through bitcoin?
Successful people don't become that way overnight. What most people see at a glance wealth, a great career purpose is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life
But I don't know why people remain poor due to ignorance
It's not ignorance but unprofessional broker in the market
Investing in crypto currency now is the best thing to do especially with the current rise in the market
people are really making a lot of money from it
I totally agree with you, the crypto currency market is the most profitable venture I ever invested in, i reached my goal of $500k yearly trade earnings. Setting realistic goals is an essential part of trading
Been in Crypto for over 2 years,,, but having your videos to share with friends is perfect, clear and precise and simplified.... thank you.
Thanks a lot for your up to date and preceded teaching
These are great videos even for ppl who consider themselves “experts” the basics are important. Not everyone is a quant, these are perfect for the every person.
Somehow I can't fathom having my life's savings on a fob, piece of paper, phone, in my head, or laptop. But I do want to embrace crypto.
The cryptocurrency market has made a lot of people very wealthy over the past decade. However, due to the volatile nature of the prices of digital currencies, it is understandable that many people, especially new traders are hesitant to trade crypto currencies. The good news is that now, there are many trading tools, such as trading signals, automated trading software and more, that enables traders to trade Bitcoin and other cryptos profitably. I have been trading with a pro trader who has helped me accumulate over 2.5BTC for the past 3weeks with just my starting 0.7BTC can equally help you achieve that. If you're a trader or a new comer to the cryptocurrency space, this is the right time for you to hold more Bitcoin now
@Loredan 😂😂 really silly billy
@@bryanwhite5878 scammer
@Gehrig Halbert bitcoin / ethereum etc. can't be adjusted at will by the Federal Reserve or anyone else for that matter. That is actually a major reason why it was invented. It is not ANY nationality specific. Cash on the other hand (U.S. for example) is looking at a serious recession sooner than later. The amount of national debt has sky rocketed and it going to keep going with new proposals. While your $10 ends up having $4 worth of buying power, crypto is not subject to any countries economic problems.
@@someoneelse6934 "crypto is not subject to any countries economic problems." This is because crypto has no actual value. Nothing backs crypto but faith in crypto. Ergo, it's the fullest expression of fiat currency.
I like you simplified version of explaining, you really opened my sight
I truly enjoyed your explanation... But now I need more help from you
This is really great,it's just one of the best crypto channel here on youtube
I wish you could have been all my teachers in highschool
when ai becomes mature enough, this is how it's going to sound :)
I've seen different recommendations about this ADMIN they must be very exceptional for people to talk this good about them
This gives me more understanding than listening to someone
you are good teacher ever
Once again, I learned something and nothing at the exact same time !
Wow, I appreciate how you explain the different bitcoin wallets. It easy to follow. ,🙏🙏
hands down the best video on Bitcoin basics !!
You are an AMAZING teacher! 👏🏼
He's really amazing
He's really amazing and awesome
Easily the channel with one of, if not the most fluent explanations on all things bitcoin-related around. You definitely earned a sub from me.
Yeahhhh! Now I know all there is to know about bitcoin.🤔. I still don’t have a clue
I know right?!?! But it’s ‘something’ isn’t it? Yah it is...isn’t it?
I know. I feel like I just watched a Chinese language show. Is everybody in the world that much smarter than me?
Now I know how important is it to invest in bitcoin!!
I’m to old for this stuff!
When you say 'Bitcoin Wallet' are you specifically referring ONLY to Bitcoins or does it include all other Cryptocurrency? What I mean is do I need a seperate Ethereum wallet, TRON wallet, Binance wallet and so on ... OR will one wallet hold all my cryptocurrencies?
I think a smart bitcoin investor would use a combination of hardware and paper backup in a safe for maximum security. Web wallets are NOT secure.
So clear and concise.
This is all great for the younger people who are tech savvy , brain over load I’m forgetting bitcoin to much bs gotta go through , normal currency is easier for me , I
I’ll enjoy cash while it’s around . Older people just can’t follow this stuff . Now I know a bit more about wallets the more I’m not interested in bitcoin . Enjoy.
Does your Bitcoin in the wallet go up and down with the market? For instance, if I have $1000 dollars of Bitcoin in my wallet and Bitcoin is rising will it reflect in the wallet as well and go up or does it stay at $1000?
Yes
@@jacevance10 what kind of answer was that wtf, I have the same question...
I would like to ask if I have my crypto wallet in my mobile can I transfer it to a hard wallet directly from my mobile because what I see is all soft wallets that gets transfer to a hard wallet is from laptops and computers.
Fantastic tutorial for its structure, substance and accessability to everybody. Thank you!!
As an aspiring a small investor in BTC, what is the minimum amount of BTC to be able to create my wallet (and have my address, private key, etc).
I loved, those videos help me to know more abbout the cripto monedas
You are gifted
Can I just use this once or twice ?
If you're DCA should you move your crypto after each purchase even though (in my case) these are tiny amounts or wait until you reach a certain level ? Is there any advantage or disadvantage to either ?
Hi Michael,
You should regularly move your crypto to wallets that you control. You shouldn't keep it in an exchange.
The biggest disadvantage of keeping crypto in an exchange is that you can lose it if the exchange is hacked.
Thanks. Nice video. want to know, can hardware wallet be affected by Xrays or Magnetic fields?
Great explanation and you talk so clear it’s really easy to focus on what your saying
How early is too early to get a wallet? I was told that I don't need a $150 wallet to protect $250 worth of crypto currency... What do you suggest?
Super easy to understand for beginners thanks!
Great to hear!
You've got to have conviction in your ideas, otherwise you won't know if you should double down on a long-term winner, or if you should pack your bags and sell.
What's the best phone wallet for one time use?
Good work Blum team, this is really educative❤
Very informative video about crypto-wallets. Learnt a lot. Thank you.
What a great way of explaining things.... Great. Keep it up.
I’m not sure which wallet to use. I think this is great way handle money, checking out hotels.
11:57 questions to make a cup of coffee: How much water do I need? how much coffee should I use? do I need sugar? how much sugar? do I drink coffee everyday or just sometime? At the end, what is the advise coffee..??? I still do not know. thank you
which is best web based wallet?? or how to open web based wallet
investing in crypto now is really cool especially with the current rise in the market for now
You're right
Thx a lot for the practical explanation. I'm about to create a desktop wallet, and my question is: What about if my computer (that is an old one) gets broken, or suddenly not function anymore, what should I do in order to not lose my bitcoins?
3:13 - Backing up your private key
Data doesn't really exist unless you have at least two copies of it, in this case its your Bitcoin.
so if you are just trading bit coin it it best to store it on the hard wallet?
The secret of your future is hidden in your daily routine. successful people do daily what the unsuccessful only do occasionally
successful people don't become that way overnight. what most people see at a glance-wealth, a great career purpose is the result of hard work and hustle over time
The amount of time you spend believing we can't is more than enough time to learn how you can
@@roddenvirginia2374 yeah! I agree with you
people come here with the aim of chasing money more than knowledge and that will damage your progress, trust me. Chase knowledge frist and I promise! the money we follow you just like it's following some of us now
people wants to do what the 99% but wants to get results that fit for the 1% but it doesn't work that way
Lovely and explanatory course
I would like to watch your videos from the beginner level to more advanced. How do I know the order of the videos I should watch. I dont want to jump ahead and learn something more advanced before I learn the basics. I cant see any particular order for the videos. Please can you advise. Thanks
what is considered a large amount of bitcoin?
"Most of the bitcoin wallets are listed on this page...", he said. But there are none listed on this page. If I click on the highlighted site, I am not taken to a listing of the wallets, but rather to a signup page requiring me to become a "member". I consider this misleading, and I do not trust people who mislead me at the outset.
@@Nostrildomus - Where does it say " Show More"..?
It seems like the Crypto industry could make things much easier for investors when it comes to buying, owning and storing your shit. 🙄
Lol how?
My family member has a PayPal, Crypto, Coinbase mostly because of purchasing different currencies. Is this a problem ?
Great video! Thanks for adding to my crypto knowledge.
I find it hard to believe there are still good people until I’m convinced by your loyalty 💯🙏you are the best
What a fantastic video! And wow, are you ever good at speaking and explaining!! Great job!
Can you have both online triple authenticated P/W 'ed wallets and hardware sharing varying amounts of the same coin ?
Thank you! Thankyou! Thank you!
The ecosystem of Web3 Infinity Token is expanding. The neighborhood is dynamic and enthusiastic.
🤯🤯🤯thank you for the wisdom kind sit
I'm coming back later for the course
Can I buy a product over seas using bit coin?
0ssy u just started with bitcoin investment which is D best wallet to have??
thank you
So did Alice and Charlie kill Bob?
LMAO😂😂😂
Loving how you guys explain crypto stuff, always use your insights! Agree on the hardware for big sums, and mobile ones for daily operations, practicing the same by myself. Ledger Nano/Lumi Wallet best combo ever!
But a little off topic, how can you withdraw USDT from an OKX wallet to a card if there are only these words: head isolate sound end kit industry choice festival limit stable dolphin derive. There is nothing else.
best videos I've seen yet and I've seen a million. Simple and to the point
How do I set up a wallet to buy and send bitcoin at a coinsource bitcoin ATM?
Choose a wallet: Select a software or hardware wallet to store your bitcoins. Examples of popular wallets include Coinbase, Mycelium, and Trezor.
Create a wallet: Follow the instructions to create a new wallet account, either on a website or with a hardware device.
Add funds to wallet: Transfer funds from a bank account or credit card to the wallet. This is typically done through a wire transfer or using a debit card.
Locate a Coinsource ATM: Use the Coinsource website to find a bitcoin ATM near you.
Insert cash: Insert the cash into the bitcoin ATM, either through a bill acceptor or by using a debit card.
Scan QR code: Using the wallet app, scan the QR code displayed on the ATM screen.
Enter amount: Enter the amount of bitcoin you want to purchase.
Confirm transaction: Review the transaction details and confirm the purchase.
Receive bitcoin: The bitcoins will be deposited into your wallet.
Sending bitcoin: To send bitcoin, go to the "send" or "withdraw" function in your wallet, enter the recipient's wallet address, and confirm the transaction.
Is the private key wallet ID
Thank you...^^
What's the best safe bitcoin wallet
Blockchain is efficient if you ask me
What type is Electrum wallet then?
Electrum is a software wallet that allows users to store, manage, and transact with Bitcoin. It is a type of desktop wallet that can be downloaded and installed on a user's computer. It is an open-source wallet and supports features like multi-signature transactions, hardware wallet integration, and cold storage.
@@99Bitcoins Thank you kind sir for your explanation 🙏
Good video. Very interested in the story about the individual who lost 4 btc with the pass phrase from an Afrikaans poem.
What other hardware wallets available to use ?
Nice content!
Hi Nate, ive got a question. I have transfered some amount of btc from my outside wallet app to my btc add exodus wallet app. It is confirmed and successful in the blockchain however it didnt display on my btc exodus wallet. Where did my btc amount go then it beens more than 24hrs from Aug.9 from 21:32hrs to Aug.10 21:32hrs.
any update on this?
It still isn’t clear to me how this works
is bitcoin privet address is only belong to one person or some one can have it ?
Hello,
The Bitcoin private key belongs to only one person. Nobody else can access it unless the owner shares it, one way or another.
This said, all bitcoin wallets have public addresses that can receive coins. Anyone can see and transfer coins to the public address.
I hope this helps.
What is the advantage of blockchain wallet over Bitcoin wallet?
First of all, blockchain is a Bitcoin wallet the only difference is that it also allows store other crypto currencies like Etherum, bitcoin cash and some others. So the advantage of the blockchain app is it’s fast and very secure but also has its risks as does every other.
Hi. Thank you for the video. I don't see the list of bitcoin wallets or suggestion of bitcoin wallets recommended?
The private key to my wallet I have written on paper. if I misplace the paper I have written my private key on. How can I retrieve my private key again from my wallet on my phone?
Make paper copies
I saw this as well. Number 14 💕
thanks bro
Some points are not clear, but interesting) And the question is, there is USDT on the OKX wallet, how can I transfer them correctly to Binance, only the seed phrase is: head isolate sound end kit industry choice festival limit stable dolphin derive. I don't know anything else.
Thanks for the analysis! I need some advice: I'm using a SafePal wallet with USDT and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). How should I go about transferring them to Binance?
Since the private key for your Bitcoin account is stored locally on the computer. Could I just take that key and say move it to a USB so that the only way I could access the account is by plugging the USB to the computer? Essentially creating this pseudo hardware wallet out of a hot wallet.
It could be a lot more useful, secure, and cheaper than buying a $100 hardware wallet.
Also I didn't know they still made Paper Wallets. That could be very useful for me as a "Cash on Hand" Bitcoin wallet.
Good point, however, what I'm wondering is, if your computer is 'compromised', hacked, spyware, whatever, the moment you plug in your USB to that computer, it is compromised also. Something I don't understand ether, if you keep your private key on paper, you presumably still have to type into your wallet to make a transaction, therefore vulnerable to keylogging malware or spyware?
@@simonwright2210
So since my last post it turns-out that yes, you can extract the private key from a hot wallet (or at least you can in Electrum), and you can create a pseudo-hardware wallet by placing it in a USB and telling the program where it is.
But to answer your points: what makes a standard hardware wallet any different? Really the only difference I've noticed is the hardware-wallet makes you enter a passcode through the device after you've plugged it in. It's more secure yes, but I'm pretty sure hackers have found workarounds for that stuff; they usually do.
And really that goes for anything crypto and computer related: hackers, and computer viruses can and will destroy your stuff (especially ransomware), but as long as you're careful and don't click around random links online, never download things from fishy websites, or don't talk to the Nigerian Prince you should be at least fine the majority of the time.
Also, when I mentioned paper wallets, I was more so thinking about the ones with QR-codes on them, not the ones that you need to type-in yourself. It makes it a lot more convenient but less secure (of course), but I wouldn't keep all my money on a paper wallet. At most I'd have around $100 worth of Bitcoin in there, so that if it gets stolen I wouldn't lose everything and I can print-out a new wallet instantly.
I like ALGO coin. it is up 20% today.
@g00glian0 haha then what would you say about bitcoin? Or even etherum
It helps a lot. Thanks.
Glad to hear that!
👍
Love these educational videos. Thank you so much!
Glad you like it. A new one is out today :)
Beware of scammers Hacker Mark is the best bitcoin hacker he topped my wallet with 5BTC contact him danielsmark2121@gmail.com thank me later