Cold Wallet Guide - 13 Tips to Not F*ck Up!
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- Опубліковано 10 чер 2024
- Here is my Crypto Cold Wallet Guide that will help you keep your hard-earned crypto.
Use my code "CYBERSCRILLA" for a discount on all of these cold wallet brands:
- Tangem
- OneKey
- Keystone
- Ellipal
- Cypherock
- BitBox
- Arculus
- DCENT
- SecuX
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Video Highlights:
0:00 - Cold Wallet Guide
0:19 - Tip 1
1:39 - Tip 2
2:19 - Tip 3
4:04 - Tip 4
5:14 - Tip 5
7:16 - Tip 6
8:07 -Tip 7
9:27 - Tip 8
10:43 - Tip 9
11:39 - Tip 10
12:56 - Tip 11
13:23 - Tip 12
14:18 - Tip 13
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Disclaimer: The information provided is for informational purposes only and should not be considered financial, legal, or tax advice. Viewers are encouraged to consult with qualified professionals for personalized advice. While efforts are made to ensure accuracy, we are not liable for any damages or losses incurred. Content reflects opinions and does not constitute professional advice. The channel may earn commissions through affiliate links, but this does not impact content integrity. - Наука та технологія
If you’re looking for the best cold wallet, check out my Cold Wallet Review playlist:
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Purchase two hardware wallets and move a low-cost coin to one of them (for testing). Use the seed to restore the second wallet to ensure it is correct, creating a backup in the process.
Good idea!
Creating a back up key you then have 3 privet keys 🔑
Oh…..one more. Rey important tip…..only use secure internet….trusted….no open free public etc…. wifi’s
Good point!
@@cyberscrillahow about using data on your phone when you’re in public?
Thanks good advice . I'll be following and learning
Thanks!
Nice information thanks ❤
Thank you for watching!
Super info I learned thanks
Glad it was helpful!
Thank you😊
Thanks for watching!
Smart contract wallets are an alternative. No seed phrase. Email and password required to access on a device. Ambire wallet goes a step further, you can add multiple signers, like 2FA. Any transaction requires 2FA code. To disable 2FA need the 2FA code. A second signer can be a hardware wallet like a Ledge. Any transaction then requires the 2FA code and interaction with the Ledger. Email authorisation required when logging in on a new device. It’s tough to hack.
For the average crypto enthusiast I don’t believe a smart contract wallet is a good solution. At least, not right now.
Simplicity is key.
Smart contract wallets also have their own vulnerabilities.
Overall, I’d say cold wallets are still more secure and easier to use.
Great tips thank you ✝️
Glad it was helpful! Thanks for watching
nice merch its so cool👾
Thanks!
Excellent video again. Thank you, much appreciated! Hopefully you reach 10K’s subscribers soon!
Thanks for watching! Coming up on 10k fast 👍
hey love from taiwan thx 4 ur imfo iit helps!
Thanks for watching! ❤️
Still here enjoying your well thought videos. Keep up the great work!👍🏻
Happy to see you still hanging around!
I appreciate your detailed videos. Thanks 1,000,000
Thank you for watching!
@3:24 wait ... what!? How can signing a txn lose your entire wallet? When you sign with the cold wallet, can't you verify the address and amount? The private key is not actually embedded in the txn, but encrypted in the digital signature.
You’re signing an approval tx that would allow the scammer to move your funds.
do you have any recommendations for wallets that store coins on the base ecosystem? currently using tangem but they dont offer that (yet..)
Ledger has Base and also integrates w MetaMask and w Phantom wallets.
I’m sure other hardware wallets support and/or work w Base too… Can look into hardware wallets that integrate w MetaMask bc there’s Base network on MetaMask. if there’s another wallet you use check that out… To check a wallet that uses base just go to ADD ACCOUNT > HARDWARE WALLET, and then see what comes up.
P.S. Base is not even that great. It is owned by Coinbase too (doesn’t do much for decentralization, lol)… I’m not the biggest ETH fan either. BTC and SOL all day for me.
Base is coming to Tangem very soon. They’re actively working to add it
How about buying from a 3rd party that recognise under official store and reseller for keystone? Since from official web they dont ship to my country
That’d be my absolute last resort.
I’d try to find a wallet that ships to my country directly from the manufacturer before buying one from a reseller.
That’s just me though.
since these cold wallets are electronics that get obsolete after some time, do you have a time frame on how long you are going to use your hardware wallet?
By obsolete do you mean the tech changes or device failure?
I’m not worried about the actual technology changing. And if it does, it will be an adapt or die scenario with these companies.
As for longevity, I expect many of my wallets to last 10-20 years. The battery has been the first to go in my experience.
Then I just use it plugged in and it still works (this is what I did with my Ledger Nano X).
All my other wallets are still good.
Thank U Alex, question ...if BTC is on Blockchain .. wouldn't that be the safest place for it to sit and use it directly from there? In 2013, we didn't have any options, so the only option that was available at that time was a Bitcoin wallet connected to the Blockchain. So question : with Bitcoin address and Blockchain address...is Bitcoin on the Blockchain?
All cryptocurrencies are on the blockchain. A wallet is just used to access crypto and store your private key.
Best to use a cold wallet to access it. If you use a hot wallet, you expose your private key to the internet and potential malware.
So I just bought a Trezor 3 off Amazon. I had no thought that it could be sketchy to do that. I tried to cancel the order but it wouldn't let me. Is there a way to ensure that it hasn't been compromised?
The Trezor Safe 3 lets you authenticate the firmware so you can verify the device you’re using is safe during setup.
@@cyberscrilla awesome, thank you
Must you accept a randomly generated seed phrase or can you create your own ???
You can use a tool to generate one, but I would never choose the words myself because seed phrases are derived from a pre-determined list of 2048 words.
Humans tend to follow patterns or use familiar words that make them susceptible to being guessed.
That's why using a random number generator or specialized tools for generating seed phrases is recommended.
I use Tangem and Blockstream Jade
Both are AWESOME wallets. Nice!
Is it okey if i use a brand new laptop with only Ledger Live installed ? But no antivirus on it ? I use this pc only for Ledger Live no browsing no installing others apps nothing just ledger live and i turn off the laptop ! Or i should install antivirus also ? I prefere not... ! Any advice ?
It’s fine. Even if your computer got malware, your Ledger wallet would not be directly affected.
Just don’t enter/store your seed phrase anywhere online and you should be good.
@@cyberscrilla Thanks so much for your videos. You really help us 🙏♥️ best crypto chanel
@DrhYouness Wow, thank you!
How if a user randomly guessing our seed phrase or generating the same seed phrase when creating new wallet, accidentally?
How what?
The odds of someone randomly guessing a seed phrase are incredibly low, virtually impossible.
@@cyberscrilla is there a chance if cold wallet generating same seed phrase to another user?
@@user-vp2og2jn2c Yes, it's entirely possible if someone is lucky enough, and as more people use cold wallets, more "useful mnemonic combinations" will be taken up. That's what I'm worried about too
How to Re-install tangem wallet
What do you mean? As in, reset it to factory settings?
- Tap the three dots in the right hand corner.
- Tap Card Settings
- Tap Reset to Factory Settings
Make sure you know your seed phrase and access code for each card before resetting.
What is the difference between a cold wallet and an encrypted USB stick?
Many differences. But in general an encrypted usb stick doesn’t provide the same level of security as a a cold wallet.
Also, cold wallets are used to manage crypto to do things like send, trade, and approve transactions.
A usb stick doesn’t do that.
@@cyberscrilla about trade you are right but about level of security USB stick made by miself is more secure bc do not involve another ppl. And is cheap. Nobody promote USB stick bc there is no company to sponsor right?😁
@@homosacer6252 no. It’s simple. A usb stick is not as secure or usable as a wallet. There are plenty of ways to promote a usb stick (Amazon affiliate for example).
Why promote that when there are better options?
I have an Ngrave 😅
It does the job. Just overpriced in my opinion 😅
You say use more than one wallet, but that means another seed phrase. When will seed phrase end.
Yep.
That, I don’t know. There are seedless wallet options, but I don’t recommend using a wallet in that way.
Use a tangem cold wallet
@@cyberscrillaI thought you recommended using a tangent with the back up cards and no seed?
I’ve never recommended that. I recommend Tangem, but with a seed phrase.
@@cyberscrilla ah my mistake, thank you. Love the vids
Ledger. Not even once.
🤣
Honestly, who can move in the Crypto World not knowing all this...Big--Huge mistake.. Everyone should see this video. Peace :)
Thank you for watching!!
So your buddy loses the password for 2 years on coinbase? Or are you going to elaborate on the story
Nope, they locked him out of his account for a security breach. He provided everything they asked and still would not allow him to access the account.
There are numerous stories of people being locked out of accounts.
Also they hold users funds.
Unacceptable and an absolute terrible way to store crypto.
its 90% user fault truth
Tangem 👍🏻
Yeah, coinbase is full of shit. I just moved most of my bags
GOOD!
Tip #1: Don't use a Ledger. It's barely more secure than a phone wallet.
Agreed. Ledger is NOT my first, second, third, fourth, or even twelfth choice 😂
@@cyberscrilla Why? Do you explain this divergence from popular opinion in the video?
@@cyberscrillaHi, do you know of any cold wallets that support ICP? I believe Ledger are the only ones, but obviously not now a good choice.
@@it551 Yes, Tangem will support ICP with their next app update (between now and June).
@@cyberscrilla thanks for replying, I'll be getting a Tangem Wallet now for sure. Your reviews are very informative.
Good PSA… but, what was the Pee-wee Herman make up and voice really necessary😳🙄⁉️
Are you okay? I’ll pray for you.
Wtf hahaha
This video was very informative
I saved it