Seriously. If you aren't storing your crypto on a hardware wallet and using it CORRECTLY, you shouldn't own crypto. Please take advantage of this video and secure your crypto before it's too late. Holler if you have any questions. - Alex
Thorough, concise and enjoyable. Saving & sharing. No need reinvent the wheel-you covered it, down to the shared links that assists greatly with DD. Much appreciated! New subscriber
If you setup your Tangem Wallet (without the seed phrase), make sure to store your (3) cards in separate places. Because if you lose all three wallets, then you will lose your crypto...
Love the video. I've heard that using at Hotwallet like metamask on a mobile device is bad practice, that being said wouldn't the mobile applications that work with these wallets also be bad too? Im new and dont know much.
I still don’t understand the $5 wrench attack concern with the Tangem ring. No one would know it’s a crypto wallet unless you tell them. Looks like any other ring
@@cyberscrilla I've been doing a lot of research about UTXO and it makes the transaction fees very high in the long run if you don't consolidate your address. I am talking about couple hundred dollars every time you wanna transfer BTC if you have a couple thousand UTXO
🛑 *thanks for the info my friend much appreciated... 1 question tho:* *my understanding is that a hardware/cold wallet does Not actually hold your crypto, rather your private key only, so where is your crypto, still online somewhere??* *are there any cold wallets that actually store your crypto as well as your private key???*
A passphrase on other wallets creates a new wallet with new send and receive address, with this in mind if I’ve sent crypto from an exchange to my standard wallet then transferred to my passphrase wallet that’s only ever received I’m guessing that’s still safe?
@@cyberscrilla okay thanks now i am more confident about my tangem in the coming future thank u alex. I have one more lil question Im thinking about getting a trezor safe 3 or 5. Let’s imagine i have malware or virus on my computer and im connecting my trezor to my computer for my crypto’s or updating my firmware or something else Will it effect my trezor device or my cryptos stored on the computer Cause i am not a expirinced computer user And im loving the trezor And Do u recommend something for me against malware or virusses on the computer
@Kaan-42 If you’re using a hardware wallet like Trezor to store your crypto, it will remain secure even if you connect it to a computer with malware on it. You’d have to do some research. But I’ve had luck with MalwareBytes. But there are other anti virus softwares that are equally as good or better.
Hi Alex, thanks for the info! I just have a newbie question here. When you say not safe to have the cypto in exchanges, you meant in the Spot wallet of the exchange right? If for instance the crypto is on a program, let's say the Binance Earn or Auto Invest etc, the cypto is also safe from hacking right as it is not in the Spot wallet of Binance(exchange) is it? (Btw, I have Tangem wallet, thanks for recommending, because I think its the easiest cold wallet to use for beginners and stylish too 😎)
I’ll have to do more research. A quick glance at it shows that it’s a wallet that doesn’t use private keys/seed phrase. I don’t like that personally. But I need to learn more about how MPC works
@@cyberscrilla Awesome. There is a bunch of videos on there RUclips channel. It would great to see what you think about Zengo and how secure MPC is which is also coming to Trust Wallet.
Of course. Create distinct seed phrases and transfer crypto accordingly to diversify across multiple Tangem wallets. You can achieve this using a single set of Tangem cards, though having multiple sets may simplify the process.
Never used multi sig. Proper cold storage is enough for me. I don’t think the average person needs to use multisig. Unless your crypto portfolio is shared with someone else.
@@cyberscrilla agreed, I haven’t either honestly. But seems it would potentially mitigate if not eliminate phishing risks. Admittedly may be a bit overkill for the average user but as someone who’s lost some valuable nfts to phishing links, the feeling of only having yourself to blame is brutal. Would be curious to see a video on it but keep up the great content amigo
When using Tangem, do you have to keep the same phone & phone #??? What if the cell phone provider goes bankrupt? What if your “burner” phone breaks or if the phone is lost or stolen??
No, you can use Tangem on any phone or multiple phones at the same times as long as it supports NFC (most new phones do). Just download the app, scan your card, and enter your access code (password) to gain access to your wallet.
@@cyberscrilla Lots of people have jobs, but you’re a natural. Concise information delivered in a readily format. Congrats! You found a useful calling.
You didn't talk about hot wallets on how to ovoid bad things from happening can you give some tips in the comment about how to avoid them and I'm going to get a couple tangem cards with your code soon
Don’t store your crypto on a hot wallet. That should be the main takeaway regarding hot wallets. Also: - Don’t click on random links - Ensure your device and apps are always up to date - Run malware scans if possible
Is there a way to have a crypto IRA and you own the keys? If a another company holds them for you... after a cyber attack or emp they will easily lose everything right? I see some crypto IRA companies let you hold a part of your seed, but that pointless because if anything like I mentioned above happens on there end... you still won't be able to access your funds, right Do? Do you know of any crypto ira that allows you to possess your keys?? Thanks for the content as always.
There’s always a risk connecting any wallet to the internet especially when interacting with smart contracts. Whatever wallet you use to connect to the internet make sure it’s not your main cold storage wallet. Use separate wallets
Sure. But you’re missing my point. Connecting any wallet to the internet has inherent risks, mainly phishing scams. My other video explains how to properly store crypto and use a burner wallet. ruclips.net/video/fnGT4U0cQ80/видео.htmlsi=h1ev_oTnMkp0pvmH
@@cyberscrilla But my question is the following, if I interact with a decentralized exchange with my tangem, does the risk involve all my funds or just the tokens that are being used in a Poole, for example?
Seriously. If you aren't storing your crypto on a hardware wallet and using it CORRECTLY, you shouldn't own crypto. Please take advantage of this video and secure your crypto before it's too late. Holler if you have any questions.
- Alex
Thorough, concise and enjoyable. Saving & sharing. No need reinvent the wheel-you covered it, down to the shared links that assists greatly with DD. Much appreciated! New subscriber
Thanks for watching!!
You're so awesome. thank you so much for sharing your knowledge. I'm a bitcoin newbie.
Excellent video - best I've found on RUclips for info and clarity, thank you!
Thank you! Glad it helped!
THANX ALEX. Your knowledge is so amazing thank you so much for really staying on point with all of this!!!
Thanks 🙏
Alex is a pro! Thank you
Thank you for watching!
I'd be interested in you doing some informed reviews of MPC and Multi-Sig wallets.
Thanks for the suggestion, I’ll look into it!
- Alex
If you setup your Tangem Wallet (without the seed phrase), make sure to store your (3) cards in separate places. Because if you lose all three wallets, then you will lose your crypto...
I wouldn’t set up my Tangem wallet without a seed phrase personally. But for sure, keep the cards in a secure place.
Love the video. I've heard that using at Hotwallet like metamask on a mobile device is bad practice, that being said wouldn't the mobile applications that work with these wallets also be bad too? Im new and dont know much.
I wouldn’t say it’s bad practice to USE a hot wallet on mobile. It’s bad practice to store your crypto in a hot wallet though.
Hello, I find this video very informative, but I wanna ask, how much USDT can I possibly store in the Wallet, what is the highest amount I can store?
There’s no limit to how much you can store…
I was thinking the new Tangem Ring may actually be the perfect burner wallet!
Oh for sure. A secure one at that
Expensive burner wallet, it would-be classed as jewellery when in contact with the all too common $5 wrench attack..
I still don’t understand the $5 wrench attack concern with the Tangem ring.
No one would know it’s a crypto wallet unless you tell them. Looks like any other ring
This channel is fre😊aking🦆 ducking🦆 awesome 😎!
I Always Learn Heaps 💡🧠! Thanks Mr Scrilla!
Thanks!
Please make a video on BTC UTXO and how to consolidate it with ledger or one key wallets.
I’ll have to look into this as I’ve never done it myself.
@@cyberscrilla I've been doing a lot of research about UTXO and it makes the transaction fees very high in the long run if you don't consolidate your address. I am talking about couple hundred dollars every time you wanna transfer BTC if you have a couple thousand UTXO
Wow! That’s crazy. Definitely will look into this. Thank you
🛑 *thanks for the info my friend much appreciated... 1 question tho:*
*my understanding is that a hardware/cold wallet does Not actually hold your crypto, rather your private key only, so where is your crypto, still online somewhere??*
*are there any cold wallets that actually store your crypto as well as your private key???*
Correct. Crypto lives forever on the blockchain. Wallets hold your private key used to access your crypto
@@cyberscrilla thanks for the quick response 👍
A passphrase on other wallets creates a new wallet with new send and receive address, with this in mind if I’ve sent crypto from an exchange to my standard wallet then transferred to my passphrase wallet that’s only ever received
I’m guessing that’s still safe?
Yes, you’re correct.
I have a question about tangem
Is tangem trustworthy to hold
If u have millions or billions dollars on it cause of the price
Yes, it’s trustworthy to hold any amount of crypto imo.
@@cyberscrilla okay thanks now i am more confident about my tangem in the coming future thank u alex.
I have one more lil question
Im thinking about getting a trezor safe 3 or 5. Let’s imagine i have malware or virus on my computer and im connecting my trezor to my computer for my crypto’s or updating my firmware or something else
Will it effect my trezor device or my cryptos stored on the computer
Cause i am not a expirinced computer user
And im loving the trezor
And Do u recommend something for me against malware or virusses on the computer
@Kaan-42 If you’re using a hardware wallet like Trezor to store your crypto, it will remain secure even if you connect it to a computer with malware on it.
You’d have to do some research. But I’ve had luck with MalwareBytes. But there are other anti virus softwares that are equally as good or better.
@@cyberscrilla thank u to keep my fear low And getting us confident 💪🏻
Hi Alex, thanks for the info!
I just have a newbie question here.
When you say not safe to have the cypto in exchanges, you meant in the Spot wallet of the exchange right? If for instance the crypto is on a program, let's say the Binance Earn or Auto Invest etc, the cypto is also safe from hacking right as it is not in the Spot wallet of Binance(exchange) is it?
(Btw, I have Tangem wallet, thanks for recommending, because I think its the easiest cold wallet to use for beginners and stylish too 😎)
I don’t trust exchanges at all. Period
@@cyberscrilla 😎 thanks buddy for your guidance, keep doing this kind of content, you are helping a lot of people!😎
@@roscoeaustria thank you! 🙏
Whats the fee for transaction to move coin to tangem?
I heard ledger is ridiculous on fees.
Transfer fees are dependent on the wallet you use. They are dependent on how busy the blockchain is at the time of your transaction.
Please review the Zengo non-custodial wallet. How secure is this wallet? Thanks 🙏.
I’ll have to do more research. A quick glance at it shows that it’s a wallet that doesn’t use private keys/seed phrase.
I don’t like that personally. But I need to learn more about how MPC works
@@cyberscrilla Awesome. There is a bunch of videos on there RUclips channel. It would great to see what you think about Zengo and how secure MPC is which is also coming to Trust Wallet.
Is it possible to spread out your crypto into different tangem wallets for added security?
Of course. Create distinct seed phrases and transfer crypto accordingly to diversify across multiple Tangem wallets.
You can achieve this using a single set of Tangem cards, though having multiple sets may simplify the process.
Thoughts on multisig storage like gnosis (safe)?
Never used multi sig. Proper cold storage is enough for me. I don’t think the average person needs to use multisig. Unless your crypto portfolio is shared with someone else.
@@cyberscrilla agreed, I haven’t either honestly. But seems it would potentially mitigate if not eliminate phishing risks. Admittedly may be a bit overkill for the average user but as someone who’s lost some valuable nfts to phishing links, the feeling of only having yourself to blame is brutal. Would be curious to see a video on it but keep up the great content amigo
When using Tangem, do you have to keep the same phone & phone #??? What if the cell phone provider goes bankrupt? What if your “burner” phone breaks or if the phone is lost or stolen??
No, you can use Tangem on any phone or multiple phones at the same times as long as it supports NFC (most new phones do).
Just download the app, scan your card, and enter your access code (password) to gain access to your wallet.
@@cyberscrilla I am impressed by your videos… but the response time, WOW!!!! I am shocked at your response time and your cogent response!!!
Thanks! This is my job and I love it. So that’s what I do.
@@cyberscrilla Lots of people have jobs, but you’re a natural. Concise information delivered in a readily format. Congrats! You found a useful calling.
lol thanks Jim!
You didn't talk about hot wallets on how to ovoid bad things from happening can you give some tips in the comment about how to avoid them and I'm going to get a couple tangem cards with your code soon
Don’t store your crypto on a hot wallet.
That should be the main takeaway regarding hot wallets.
Also:
- Don’t click on random links
- Ensure your device and apps are always up to date
- Run malware scans if possible
@@cyberscrilla yeah I'm going to get the tangem cards soon
It’s an awesome wallet!
@@cyberscrillawhen using the Keystone pro 3 in conjunction with a software wallet those coins are not on the software wallet right?
Is there a way to have a crypto IRA and you own the keys? If a another company holds them for you... after a cyber attack or emp they will easily lose everything right? I see some crypto IRA companies let you hold a part of your seed, but that pointless because if anything like I mentioned above happens on there end... you still won't be able to access your funds, right Do? Do you know of any crypto ira that allows you to possess your keys?? Thanks for the content as always.
Is there any risk connecting tangem to Uniswap? to create liquidity pools? Thanks bro
There’s always a risk connecting any wallet to the internet especially when interacting with smart contracts.
Whatever wallet you use to connect to the internet make sure it’s not your main cold storage wallet. Use separate wallets
@@cyberscrilla I think it could be more secure compared to a matemask for example which is generated an online seedphrase
Sure. But you’re missing my point. Connecting any wallet to the internet has inherent risks, mainly phishing scams.
My other video explains how to properly store crypto and use a burner wallet.
ruclips.net/video/fnGT4U0cQ80/видео.htmlsi=h1ev_oTnMkp0pvmH
@@cyberscrilla But my question is the following, if I interact with a decentralized exchange with my tangem, does the risk involve all my funds or just the tokens that are being used in a Poole, for example?
Tangem shipping is so AF!!
They are trying to catch up. Other cold wallet manufacturers are backordered also
Mr Scrilla always bringing the fre🤭aking alpha🖕
🙏