I expect self custody is going to spike up again after this whole Celsius situation. Is anyone still using CeFi / DeFi or are most of you heavily in self custody?
They are interchangeable but you might have to look up bip39 to see some of the edge cases. There’s a good thread here: www.reddit.com/r/ledgerwallet/comments/7tdm1y/can_i_restore_a_trezor_on_to_a_ledger_nano_s/?BD&Search&Bing&PSR1 I prefer ledger (mostly because I’ve been using them for 5 years now and I prefer the UX) but there’s also an argument to be made that they are more secure. I’ll be making more trezor content next year and some new comparison videos. Probably make one where I move a ledger seed onto a trezor or Vice versa. That was a good idea thanks :)
Been a crazy week for sure, glad you got out 🙏 Will have a review of the MK4 in July - going on vacation soon so I’ve already filmed the content for the next few weeks. NFT video, one on security, and one on FTX withdrawals :)
The Ledger live app said the ledger doesn’t come with pre Recovery word phrases that you’re supposed to make them up yourself and to call Ledger if your Nano already has words built-in
You shouldn’t make the words up yourself, the first time you boot the ledger you’ll copy down the words. If the ledger comes out of the box with words on the sheet and you don’t go through a setup process - it was compromised and already set up. Issue with making the words up yourself: not every dictionary word is part of BIP39 so you could make something up that isn’t a real bitcoin address. And even if you used only the words from BIP39 you’re more likely than a computer is to make an address that is ~less~ random
I'm new to this. Does your ledger nano have to be plugged in to send? What is actually stored on the physical device if you can still recieve coins (keys) without it plugged in?
Glad to help. It might help to think of a ledger like a "signing device" instead of a "hardware wallet". Your ledger generates your private key (which is why you're buying it - the private key is securely generated on the secure element in the device and not on some internet connected device like some app on your phone) To your point the coins are not stored on the device they are stored on the blockchain. The key that IS stored on your device allows you to SIGN transactions to move the coins from one address on the blockchain to another address on the blockchain (paying someone, entering a smart contract, moving coins to an exchange or another wallet you control etc) Your ledger has to be plugged in to send (unless you get the Nano X which can send over bluetooth) because you need to sign the transaction (prove that you are the owner of the coins)
My nano s dose not support FLR type it in New Accounts. Zip Nothing. Any ideas. I'm missing the Air Drop I had 103k XRP on the snap shot. Waited 2 +years. Do I need to upgrade to a nano x.?
The section on the welcome back bit … where you put your password in … it’s not getting me get to the next page…. Isn’t it the same password that you use on the ledger device which is the 4-8 digit password ?
I'm not sure exactly which screen you're talking about. The password should be a 4-8 digit password. The passphrase is an alphanumeric password that alters your wallet addresses.
@@RhettReisman thanks for the reply but I’m talking about when you open up the ledger app on the computer …. Its already say put your password in.. but that’s because someone else that lived with me has created one already. But there should be another option to open up as another user does that make sense? Also I contacted ledger team about it and their saying I might have to get another laptop in order to gain access to mine…. This would be the first time I created it
THank you for video! Can you make Multiple Native SegWit BTC accounts? For Example, if I don't want. to comingle my family's coins with my BTC? But use a single Ledger
@@RhettReisman for some reason when I try to add an account, it only gives me the Segwit option. And under it is says “accounts already in portfolio (1) and my original native segwit account. But no option to make another native segwit account… 🫠
Like I’ll “add account” tap the “show all address type” switch and they all show up except native segwit. And when I make a regular segwit then when I want to make the next account it doesn’t give that option anymore 🥲
I’ve never used wasabi wallet before :/ Here’s their tutorial for hardware wallets though hope it helps: docs.wasabiwallet.io/using-wasabi/ColdWasabi.html#connecting-coldcard-via-sd-card
New to cold storage! When I disconnect my ledger from my laptop my balance is still shown on ledger live. And I still have the send option even while my ledger is not connected. So are my tokens saved on my device or are they stored on ledger live?
They’re stored on your device (they’re really stored on the blockchain and the device is used just to sign transactions to move the coins). Ledger live is just an interface to interact with the coins. You might be able to click send option, but you won’t be able to sign a transaction and move the coins without the device.
Funds have shown up on my ledger that I deposited from Robin hood. I'm trying to practice and send them back to my robinhood platform. Ledger says it's not funded. I'm not sure when I'm supposed to be plugging in the physical ledger Or just be looking at the platform. I'm not sure how my funds get moved from the platform to the physical devthe physical device. Very confusing. Can you help. I'm sure I'm not the only one with this problem
Feel free to set up a call with me calendly.com/rhettreisman/meetup Feels like it might be an issue with the bitcoin not having enough confirmations which might be solved by just waiting a day. I have a video here that shows how to see if your transaction is stuck in the mempool: ruclips.net/video/poER9Dwj9Gg/видео.html
I might have cut the wait time out in the video. Otherwise video would have been very long :( I can speed up footage instead of cutting in the future if you think that would be more helpful Don’t think it’s anything to worry about
@@RhettReisman Thank you. It was getting me worried. It seems to work though. You could speed it up, or simply say that it takes longer than you have shown.
Thanks a lot man! Question: Whats your opinion on keeping my BTC on Gemini (Not earn) just the regular custody? Do you think liquidation scenario would cause my BTC to be lost even if they are not in the "earn" wallet? / Im getting cold wallet anyway but just curious of what you think?
I think the risk of big exchanges becoming insolvent and taking or freezing your funds is very low. That being said it’s definitely possible and so you should on a regular basis withdraw from the exchange to a wallet you control so you’re only ever limiting your downside to a few weeks or a few month of funds that are being held on exchange. If you’re implementing complex trading strategies where you’re buying/selling a lot you’ll need funds on the exchange - so there’s an element of can’t worry about it too much but get large portions of your stack off if possible to limit risk. Bigger risk is obviously with CeFi platforms like Celsius/Nexo/BlockFi/Gemini Earn etc - though not all of these are the same level of risk either as we’re finding out. I think the ones that are issuing their own token and have much higher interest rates are engaged in much riskier less transparent behavior.
Great question - I feel like no one talks about this! Those are all different kinds of bitcoin addresses. Basically any new code that is added to Bitcoin HAS to be backwards compatible (this is called a soft fork). So 2009 BTC addresses are legacy addresses, then around 2016 there was a segwit 2x update that created segwit addresses and in 2021 taproot went live to increase privacy. You can google the specifics for what those different updates did but just high level understand that they are optional upgrades to how bitcoin public keys work. I usually do whatever the default is unless I'm trying to play around with a new feature. Default will usually be segwit/native segwit nowadays, but I bet in a year or two taproot addresses will become the most common addresses. Disadvantage to using a taproot address now would be if some platform you're using doesn't support taproot addresses yet.
@@RhettReisman so one thing i am confused about... hypothetical scenario a ledger has 1 bitcoin valued at approx 20,000 usd on it. you can see this verified in live desktop and it shows the balance is 20,000 a second ledger is purchased and another full bitcoin at valued at 20,000 is loaded on to it. would the live desk top show it as 40,000 now? how so if it has two different wallet addresses?
Yes it will show the balance of both ~$40k because you will have set up ledger live to monitor both addresses. You could do the same thing by just building an app that monitors the balanced of two random public keys that you provide the app. Or manually go check out how much btc are in different public key addresses on the blockchain
@@RhettReisman i have a question perhaps you may help..successfully set up ledger on a pc with live desktop and see funds... i downloaded ledger live on to another computer as a backup and plugged in the ledger and opened pin but the balance says zero? is this because i have not entered the seed phrase on the second device? basically i want to be able to view my contents on two separate devices please advise
Yeah it’s because for privacy in Bitcoin there’s a concept of an xPub (extended public key) which is basically a list of a ton of different public keys that correspond to your Bitcoin wallet. So in the xPub if there’s address X, Y, Z if you send bitcoin to X or Y or Z your wallet will show the balance of X+Y+Z. This way if someone plugs in your public key X into a block explorer they can’t see all the transactions you’ve done using Y or Z. Hopefully that made sense
@@RhettReisman thx for replying. I was so confused at the beginning…I think they should have a pop up notification for btc so users know what’s happening.
You won’t be able to sign transactions, but as long as you have your seed phrase written down you can transfer all your coins to another ledger or any other compatible wallet. If you lose the seed phrase and the ledger, you lose your coins (which is why you should look into multisig for storing larger amounts)
No the information is stored in the secure element on the ledger device and is never exposed to any other application. You get to read and physically copy down the seed phrase when you initialize the device.
Idk if I did it right. I sent from exchange to my ledger live account without my ledger device connected and it went through. It shows I received the amount sent in my ledger live, however, how does it show in the device how much I have. I'm confused.
It doesn’t show on the device, it will only show in ledger live. Sounds like you did it right :) The device should really be called a signing device. It basically proves that you have the keys to those bitcoin / crypto on the wallets generated by the device.
@@RhettReisman that's great to hear. Ty. So am I right to say that if I want to send from ledger live to someone, I would have to then connect the device to prove I am the one making the transaction? Or how does that work?
Exactly! The whole point of the device is for you to sign the transaction to say this is actually me the owner of these coins. So you’ll connect the device to send. You could even create the transaction one day and sign it the next if you kept your signing device (ledger) in a safe deposit box or something like that.
@@RhettReisman awesome. Thank you so much for ur help. I will share and like the video. And i will also subscribe. You take care and God Bless you. Crypto to the moooooooon!!!!
@@RhettReisman thanks for the info. My ledger is brand new. I updated the apps etc. I will try again & see what happens. Hopefully, this time will be the charm.
On exchange and self custody only. Too afraid of Celsius in the past, glad now obv. Don't want to be "poop farming" lol. How to minimize withdrawal fees would be a great video sometime! It's a real issue when you're using cold storage a lot. This video was very timely - gonna get everything off Gemini now that they aren't doing free withdrawals anymore after 6/15:(.
Yeah exactly! No one cares about self custody until everyone cares about self custody haha. Will have a video out in a few weeks on FTX US withdrawals I believe they’re free for everything but ERC20/ETH
The S+ plugs into computer doesn’t have stand alone battery. But even if it was never connectable again or device was totally destroyed you can recover the bitcoin / crypto using the seed phrase that you’ve written down
If you don’t have the keys to your crypto, someone else does. If Coinbase is holding the keys to that wallet and they go bankrupt then your crypto will be gone.
The wallet software my go down but as long as you have your keys you should be able to bring the same wallet back up on BlueWallet or Exodus or any other compatible crypto wallet.
Hey Rhett thanks for this in-depth tutorial and your dca on steroids is 🔥 Tried to set auto transfer from Gemini to ledger but it seems after every received transaction the receiving address for BTC on ledger changes (not for the shitcoins though). Please suggest if there's a workaround. Thanks
Thanks Sunil 🙏 The receiving address changes to give you additional privacy. You can reuse any address it has ever given you though. It’s just that if you reuse the same address over and over again and someone knows that public key they can see what you’ve been sending to that wallet. Workaround: generate like 3-5 addresses from ledger and add them all to gemini and randomly withdraw to one of them. This gives you some privacy and allows you to continue using scripts to withdrawal. Or if you don’t care about privacy just use the one address all the time.
Ledger database of customer records got hacked. Trezor has actually been hacked (in the way that would lose funds). Ledger more secure. Coldcard the most secure of all will have Coldcard review out in July
Because your phone and computer could have viruses, the email server could be compromised, your email could get hacked - etc A ton of things could go wrong. Putting your seed phrase on an internet connected device defeats the purpose of a hardware wallet.
Bitcoin is a scam! So glad it all dipped so I could buy more and try out my new Ledger I just received a few days ago. Definitely getting it all off the exchanges and possibly one that is giving interest. I feel so bad for anyone who was on Celsius. Can't even imagine what they are going through. I'm still a noob in a way (1.5yrs)and I have to say I'm a bit nervous.
Yeah CeFi platforms definitely have a ton of embedded risk. I’m especially wary of ones that spin up their own tokens, but even ones that don’t are very risky. Feel bad for the Celsius people too hopefully everyone remembers this. Think we’re all a little nervous, what helps me is taking the long term view and not looking at price all the time.
@@RhettReisman Honestly the whole thing, I don't get the point of reasons for having this, we have dollars and coins, it has worked for many years so why this weird thing for digital? It just screams SCAM to me. I checked out your tutorial in hope to better understand it but nope. It felt like reading a bible or maybe I'm just too lazy to learn all this complication stuff or I'm just getting too old. lol
Did it ever show up? If you sent bitcoin you can check the transaction status over at mempool.space Tutorial here: ruclips.net/video/poER9Dwj9Gg/видео.html
Hmmm Polygon should be immediate, definitely shouldn’t take this long. You can check the status of polygon transactions at polygonscan.com/ Do you know if you sent the Polygon using the ETH network or the Polygon network?
I expect self custody is going to spike up again after this whole Celsius situation. Is anyone still using CeFi / DeFi or are most of you heavily in self custody?
You got it. Wasn't overly worried until today
Unwillingly lol, I had a tiny bag on celsius but the rest self custody thank jebus.
@Chris Brooks yeah unfortunately, people learn on days like today that self custody is important :/
@Car Audio Inc Yeah shows the risk of these lending platforms and (more broadly) keeping your coins on any exchange
How do you know which button is the right one?
What do you mean? Like the left and right buttons?
Do you prefer the Ledger over the Trezor if so why and are they interchangeable using the recovery seed
They are interchangeable but you might have to look up bip39 to see some of the edge cases. There’s a good thread here: www.reddit.com/r/ledgerwallet/comments/7tdm1y/can_i_restore_a_trezor_on_to_a_ledger_nano_s/?BD&Search&Bing&PSR1
I prefer ledger (mostly because I’ve been using them for 5 years now and I prefer the UX) but there’s also an argument to be made that they are more secure.
I’ll be making more trezor content next year and some new comparison videos. Probably make one where I move a ledger seed onto a trezor or Vice versa. That was a good idea thanks :)
Glad I stopped using Celsius back in January!! Good points on things to watch out for in the video. Are you doing one on the MK4?
Been a crazy week for sure, glad you got out 🙏
Will have a review of the MK4 in July - going on vacation soon so I’ve already filmed the content for the next few weeks. NFT video, one on security, and one on FTX withdrawals :)
@@RhettReisman OK cool, looking forward to it!
The Ledger live app said the ledger doesn’t come with pre Recovery word phrases that you’re supposed to make them up yourself and to call Ledger if your Nano already has words built-in
You shouldn’t make the words up yourself, the first time you boot the ledger you’ll copy down the words. If the ledger comes out of the box with words on the sheet and you don’t go through a setup process - it was compromised and already set up.
Issue with making the words up yourself: not every dictionary word is part of BIP39 so you could make something up that isn’t a real bitcoin address. And even if you used only the words from BIP39 you’re more likely than a computer is to make an address that is ~less~ random
Can you connect the Ledger to your iPhone or does it have to be a laptop or computer
You can connect a ledger Nano X to your iPhone but not the S/S+
All ledgers are compatible with android.
I'm new to this. Does your ledger nano have to be plugged in to send? What is actually stored on the physical device if you can still recieve coins (keys) without it plugged in?
Also thank you for the video! Easy to follow.
Glad to help. It might help to think of a ledger like a "signing device" instead of a "hardware wallet". Your ledger generates your private key (which is why you're buying it - the private key is securely generated on the secure element in the device and not on some internet connected device like some app on your phone)
To your point the coins are not stored on the device they are stored on the blockchain. The key that IS stored on your device allows you to SIGN transactions to move the coins from one address on the blockchain to another address on the blockchain (paying someone, entering a smart contract, moving coins to an exchange or another wallet you control etc)
Your ledger has to be plugged in to send (unless you get the Nano X which can send over bluetooth) because you need to sign the transaction (prove that you are the owner of the coins)
On your ledger, when you are creating a wallet to hold BTC, does it specify what pair you can store ie. BTC/USD or BTC/BUSD or BTC/USDT as an example.
You’re storing actual BTC on ledger, not a trading pair.
You can sell that BTC for USD or BUSD or USDT on exchanges.
@@RhettReisman Thanks!
Hi, do you have a tutorial to connect Nano S plus to Android mobile ?
I don't have an android phone sorry :(
My nano s dose not support FLR
type it in New Accounts. Zip
Nothing. Any ideas.
I'm missing the Air Drop
I had 103k XRP on the snap shot.
Waited 2 +years.
Do I need to upgrade to a nano x.?
Idk what FLR is, you can check the supported tokens on ledgers website in the description.
Not sure what “on the snap shot” means wrt your XRP.
The section on the welcome back bit … where you put your password in … it’s not getting me get to the next page…. Isn’t it the same password that you use on the ledger device which is the 4-8 digit password ?
I'm not sure exactly which screen you're talking about. The password should be a 4-8 digit password. The passphrase is an alphanumeric password that alters your wallet addresses.
@@RhettReisman thanks for the reply but I’m talking about when you open up the ledger app on the computer …. Its already say put your password in.. but that’s because someone else that lived with me has created one already. But there should be another option to open up as another user does that make sense? Also I contacted ledger team about it and their saying I might have to get another laptop in order to gain access to mine…. This would be the first time I created it
THank you for video! Can you make Multiple Native SegWit BTC accounts? For Example, if I don't want. to comingle my family's coins with my BTC? But use a single Ledger
Yeah you can do that :)
@@RhettReisman for some reason when I try to add an account, it only gives me the Segwit option. And under it is says “accounts already in portfolio (1) and my original native segwit account. But no option to make another native segwit account… 🫠
Like I’ll “add account” tap the “show all address type” switch and they all show up except native segwit. And when I make a regular segwit then when I want to make the next account it doesn’t give that option anymore 🥲
Ahh maybe not then 🫠
Coldcard does allow for this through BIP-84
Coldcard tutorial here: ruclips.net/video/YeEy7pOre04/видео.html
Thank you
No problem happy to help :)
can you have 2 ledgers on same PC/Ledger live?
Yes :) all your ledgers can interact with ledger live on the same computer
Nice clear and simple👌
Glad to help :D
Just got Wasabi wallet and Nano S Plus. Can't get Wasabi to connect to Nano. Any suggestions?
I’ve never used wasabi wallet before :/
Here’s their tutorial for hardware wallets though hope it helps: docs.wasabiwallet.io/using-wasabi/ColdWasabi.html#connecting-coldcard-via-sd-card
New to cold storage! When I disconnect my ledger from my laptop my balance is still shown on ledger live. And I still have the send option even while my ledger is not connected. So are my tokens saved on my device or are they stored on ledger live?
They’re stored on your device (they’re really stored on the blockchain and the device is used just to sign transactions to move the coins).
Ledger live is just an interface to interact with the coins.
You might be able to click send option, but you won’t be able to sign a transaction and move the coins without the device.
Ok thanks !
Cheers :D
Funds have shown up on my ledger that I deposited from Robin hood. I'm trying to practice and send them back to my robinhood platform. Ledger says it's not funded. I'm not sure when I'm supposed to be plugging in the physical ledger Or just be looking at the platform. I'm not sure how my funds get moved from the platform to the physical devthe physical device. Very confusing. Can you help. I'm sure I'm not the only one with this problem
Feel free to set up a call with me calendly.com/rhettreisman/meetup
Feels like it might be an issue with the bitcoin not having enough confirmations which might be solved by just waiting a day. I have a video here that shows how to see if your transaction is stuck in the mempool: ruclips.net/video/poER9Dwj9Gg/видео.html
when you add an account, it only takes a second. Mine takes a minute or so, and I have a pretty quick internet connection. Is this a problem?
I might have cut the wait time out in the video. Otherwise video would have been very long :(
I can speed up footage instead of cutting in the future if you think that would be more helpful
Don’t think it’s anything to worry about
@@RhettReisman Thank you. It was getting me worried. It seems to work though.
You could speed it up, or simply say that it takes longer than you have shown.
I’ll do that going forward, thanks for the feedback :) 🙏
Thanks a lot man! Question: Whats your opinion on keeping my BTC on Gemini (Not earn) just the regular custody? Do you think liquidation scenario would cause my BTC to be lost even if they are not in the "earn" wallet? / Im getting cold wallet anyway but just curious of what you think?
I think the risk of big exchanges becoming insolvent and taking or freezing your funds is very low. That being said it’s definitely possible and so you should on a regular basis withdraw from the exchange to a wallet you control so you’re only ever limiting your downside to a few weeks or a few month of funds that are being held on exchange.
If you’re implementing complex trading strategies where you’re buying/selling a lot you’ll need funds on the exchange - so there’s an element of can’t worry about it too much but get large portions of your stack off if possible to limit risk.
Bigger risk is obviously with CeFi platforms like Celsius/Nexo/BlockFi/Gemini Earn etc - though not all of these are the same level of risk either as we’re finding out. I think the ones that are issuing their own token and have much higher interest rates are engaged in much riskier less transparent behavior.
@@RhettReisman Thanks a lot for your detail answer. Much appreciate it man.
No problem :)
when it comes to the account set up what is the difference between segwit, native segwit, legacy and taproot?
Great question - I feel like no one talks about this!
Those are all different kinds of bitcoin addresses. Basically any new code that is added to Bitcoin HAS to be backwards compatible (this is called a soft fork). So 2009 BTC addresses are legacy addresses, then around 2016 there was a segwit 2x update that created segwit addresses and in 2021 taproot went live to increase privacy. You can google the specifics for what those different updates did but just high level understand that they are optional upgrades to how bitcoin public keys work.
I usually do whatever the default is unless I'm trying to play around with a new feature. Default will usually be segwit/native segwit nowadays, but I bet in a year or two taproot addresses will become the most common addresses.
Disadvantage to using a taproot address now would be if some platform you're using doesn't support taproot addresses yet.
@@RhettReisman so one thing i am confused about... hypothetical scenario a ledger has 1 bitcoin valued at approx 20,000 usd on it. you can see this verified in live desktop and it shows the balance is 20,000 a second ledger is purchased and another full bitcoin at valued at 20,000 is loaded on to it. would the live desk top show it as 40,000 now? how so if it has two different wallet addresses?
Yes it will show the balance of both ~$40k because you will have set up ledger live to monitor both addresses. You could do the same thing by just building an app that monitors the balanced of two random public keys that you provide the app. Or manually go check out how much btc are in different public key addresses on the blockchain
@@RhettReisman i have a question perhaps you may help..successfully set up ledger on a pc with live desktop and see funds... i downloaded ledger live on to another computer as a backup and plugged in the ledger and opened pin but the balance says zero? is this because i have not entered the seed phrase on the second device? basically i want to be able to view my contents on two separate devices please advise
Here’s a guide: support.ledger.com/hc/en-us/articles/360014053240-Use-Ledger-Live-on-multiple-devices?docs=true
Something I that had to search and find out, ledger kind of gives you a new address every time for receiving BTCs, but not for the other cryptos
Yeah it’s because for privacy in Bitcoin there’s a concept of an xPub (extended public key) which is basically a list of a ton of different public keys that correspond to your Bitcoin wallet.
So in the xPub if there’s address X, Y, Z if you send bitcoin to X or Y or Z your wallet will show the balance of X+Y+Z. This way if someone plugs in your public key X into a block explorer they can’t see all the transactions you’ve done using Y or Z.
Hopefully that made sense
@@RhettReisman thx for replying. I was so confused at the beginning…I think they should have a pop up notification for btc so users know what’s happening.
Yeah 100% needs to be more clarity
Question: what happens if I loose the ledger? If the ledger gets damaged?
You won’t be able to sign transactions, but as long as you have your seed phrase written down you can transfer all your coins to another ledger or any other compatible wallet.
If you lose the seed phrase and the ledger, you lose your coins (which is why you should look into multisig for storing larger amounts)
@@RhettReisman so this means that some informations are stored on line, correct?
No the information is stored in the secure element on the ledger device and is never exposed to any other application.
You get to read and physically copy down the seed phrase when you initialize the device.
Idk if I did it right. I sent from exchange to my ledger live account without my ledger device connected and it went through. It shows I received the amount sent in my ledger live, however, how does it show in the device how much I have. I'm confused.
It doesn’t show on the device, it will only show in ledger live. Sounds like you did it right :)
The device should really be called a signing device. It basically proves that you have the keys to those bitcoin / crypto on the wallets generated by the device.
@@RhettReisman that's great to hear. Ty. So am I right to say that if I want to send from ledger live to someone, I would have to then connect the device to prove I am the one making the transaction? Or how does that work?
Exactly! The whole point of the device is for you to sign the transaction to say this is actually me the owner of these coins. So you’ll connect the device to send.
You could even create the transaction one day and sign it the next if you kept your signing device (ledger) in a safe deposit box or something like that.
@@RhettReisman awesome. Thank you so much for ur help. I will share and like the video. And i will also subscribe. You take care and God Bless you. Crypto to the moooooooon!!!!
Thank you 🙏 to the moon haha 🚀🌙
Right on, Rhett. Love the video
Cheers George 🙏
I got my seed phrase & all that, but now I am not seeing a manage tab on the left of my screen like I am supposed to. Please help.
Try reinstalling ledger live?
@@RhettReisman I did that & I put the apps on for the coins I wanted to transfer too. Manage still doesn’t show up.
Hmm try this: cryptosec.info/ledger-manager-not-working/
@@RhettReisman thanks for the info. My ledger is brand new. I updated the apps etc. I will try again & see what happens. Hopefully, this time will be the charm.
Hopefully! Sorry you’re having to go through all of this :/
On exchange and self custody only. Too afraid of Celsius in the past, glad now obv. Don't want to be "poop farming" lol. How to minimize withdrawal fees would be a great video sometime! It's a real issue when you're using cold storage a lot. This video was very timely - gonna get everything off Gemini now that they aren't doing free withdrawals anymore after 6/15:(.
Yeah exactly! No one cares about self custody until everyone cares about self custody haha. Will have a video out in a few weeks on FTX US withdrawals I believe they’re free for everything but ERC20/ETH
what happens if ledger nano runs out of battery? will you lose all your crypto that's stored on there???
The S+ plugs into computer doesn’t have stand alone battery. But even if it was never connectable again or device was totally destroyed you can recover the bitcoin / crypto using the seed phrase that you’ve written down
@@RhettReisman what happens to Coinbase wallet if Coinbase files for bankruptcy? Thanks
If you don’t have the keys to your crypto, someone else does. If Coinbase is holding the keys to that wallet and they go bankrupt then your crypto will be gone.
@@RhettReisman I do hold my keys for Coinbase wallet, but what will happen to the wallet if Coinbase no longer exists???
The wallet software my go down but as long as you have your keys you should be able to bring the same wallet back up on BlueWallet or Exodus or any other compatible crypto wallet.
Hey Rhett thanks for this in-depth tutorial and your dca on steroids is 🔥
Tried to set auto transfer from Gemini to ledger but it seems after every received transaction the receiving address for BTC on ledger changes (not for the shitcoins though).
Please suggest if there's a workaround. Thanks
Thanks Sunil 🙏
The receiving address changes to give you additional privacy. You can reuse any address it has ever given you though. It’s just that if you reuse the same address over and over again and someone knows that public key they can see what you’ve been sending to that wallet.
Workaround: generate like 3-5 addresses from ledger and add them all to gemini and randomly withdraw to one of them. This gives you some privacy and allows you to continue using scripts to withdrawal. Or if you don’t care about privacy just use the one address all the time.
Why not trezor? Didn't ledger get hack?
Ledger database of customer records got hacked. Trezor has actually been hacked (in the way that would lose funds). Ledger more secure.
Coldcard the most secure of all will have Coldcard review out in July
@@RhettReisman what's your source for the claim, sir?
Source for which claim?
why not take a picture of the 24 word pass and email it to yourself ?
Because your phone and computer could have viruses, the email server could be compromised, your email could get hacked - etc
A ton of things could go wrong. Putting your seed phrase on an internet connected device defeats the purpose of a hardware wallet.
Hi, I transferred money from My Robin hood platform to leisure live . I'm not sure how to verify if it's in my wallet or not.
When you open ledger live is it showing your balance?
Where are the metal plates
Link in the description
Bitcoin is a scam! So glad it all dipped so I could buy more and try out my new Ledger I just received a few days ago. Definitely getting it all off the exchanges and possibly one that is giving interest.
I feel so bad for anyone who was on Celsius. Can't even imagine what they are going through. I'm still a noob in a way (1.5yrs)and I have to say I'm a bit nervous.
Yeah CeFi platforms definitely have a ton of embedded risk. I’m especially wary of ones that spin up their own tokens, but even ones that don’t are very risky. Feel bad for the Celsius people too hopefully everyone remembers this.
Think we’re all a little nervous, what helps me is taking the long term view and not looking at price all the time.
The screen resolution on this video is terrible. And the tempo doesn't help.
Thanks!
These things are so complicated it doesn't make any sense to me at all. This is why it is so uninteresting to me.
What part did you get lost on?
@@RhettReisman Honestly the whole thing, I don't get the point of reasons for having this, we have dollars and coins, it has worked for many years so why this weird thing for digital? It just screams SCAM to me. I checked out your tutorial in hope to better understand it but nope. It felt like reading a bible or maybe I'm just too lazy to learn all this complication stuff or I'm just getting too old. lol
Try this video to learn more about what Bitcoin is: ruclips.net/video/TeZNp4CTCtM/видео.html
Sent from Coinbase. Says complete on coinbase but does not show anything on ledger live. It has been hours now
Did it ever show up? If you sent bitcoin you can check the transaction status over at mempool.space
Tutorial here: ruclips.net/video/poER9Dwj9Gg/видео.html
@@RhettReisman No it has not. I will check out video and update
@@RhettReisman I sent Polygon
Hmmm Polygon should be immediate, definitely shouldn’t take this long. You can check the status of polygon transactions at polygonscan.com/
Do you know if you sent the Polygon using the ETH network or the Polygon network?
I got it. XRP is the only one I am having issues with. I should be able to figure it out lol thanks for you help