Why isn’t this channel way larger?? I’ve watched for over a year and these videos are extremely useful and more difficult to make than much larger channels.
Agreed. Great content. I think it's because most people don't understand much less implement a good recovery process until it's too late. If you're watching these videos, you're already light years ahead of most people. Cheers.
This is one of the coolest products I've ever seen. I can't wait to get one and tell my daughter "THIS IS YOUR FUTURE" in our hands lol Great vid/Review!!
3:13 Opening it should be the least of your concern if you found it after an incident, you will find other ways to open it, no matter what... sooooooooooo it should not lose points since the message inside was probably still intact. Just my two cents.
Indeed! The movable fastener and the soft core element not being fixed to the cap allow the Capsule to open without destroying the seed even if crushed twitter.com/cryptosteel/status/1248328705593704450
Great review! What do you think of Charles Hoskinons video lecture on how to secure your recovery phrase? He doesnt store the seedphrase physically but encrypts twice and stores it on a password manager and gmail...He stores the backups on his password manager. I thought it was really bad practise...but would like to know what you think. Its 1 1/2 though ha
Yea I think this is a really bad idea... Don't do it... It makes your backups really fragile and I explore other issues with it here: ua-cam.com/video/s95ma_EXEYA/v-deo.html
Great review of this product! While I do like it, I think it is about double the price of the Cobo tablet, which is not as great, but still good enough in my opinion. I will definitely consider buying it, but only when the price comes down a bit.
@@CryptoGuide Yes or with a Trezor although Id imagine that would all be self explanatory enough but yes using a HW wallet attached to an Electrum starting off with basic and upto some moderate functionality would be a phenomenal addition. Thanks so much for all you do!
I got the cobo punch for 24.00 had my wife read back my seed to verify she can read it. The problem with loose letters, it seems like they could all fall out and then it’s useless. Engraved or punch tool means someone can’t scramble them.
Yea the Cobo tab punch is a great deal. The advantage of this over previous cassette style devices is that the tiles are threaded in the core, so can't get mixed up. Overall, the pinch is great for seeds and sonething like this is ideal for something like a BIP39 passphrase.
"...and store that capsule in a secure place..." - therein lies the rub. You need to figure out where to store this thing so that someone cannot discover it and steal your crypto. if it is in a safe, safes can be broken into (with a torch, typically the best safes can only withstand about 30 minutes of that attack). Safety deposit box, you need to get to it and thus the bank has to be open and accessible. anywhere else, you need to be good at hiding it.
Firstly, I think most folk overestimate the risk of physical attacks like this when compared to the risk of screwing up some other backup method. That said, if you want to secure your physical backups, then adding a BIP39 passphrase does this very well. (Though should also be backed up, just not alongside your physical seed backup)
Hey there, nice video, really well done. I'm considering the purchase but can't figure it out how to take it with me if one day I have to take a flight. Could be seen as a potential harmful device at security controls, while a punctured card won't. Thanks in advance
So it is not possible to write the complete words in there for 24word seeds, as with 4letters only, i might forget the entire word... Most peoples native language is not English... The recovery words sometimes are a bit strange. What a shame reslly.
For BIP39 seeds, you only need the first four letters, as every word in the BIP 39 list (only 2048 words long) is unique based off the first four letters. This is why most wallets only need you to enter, at most, the first four letters of each word. This property also holds true for the Spanish, French and Italian BIP39 word lists, though these lists are generally supported on fewer devices and wallets.
ua-cam.com/video/QikkeO0TfGY/v-deo.html -That's right, we developed Cryptosteel together with SatoshiLab, the creators of BIP0039 (aka. Mnemonic Seed Standard) and the Capsule was built from scratch powered by the Trezor and Satoshi Lab team to make sure that this product meets the Shamir Backup Standard (SLIP039) and many other crypto systems!
You can't dump the tiles out unless you remove the clasp at the top, which you don't need to do in order to read the words back. If you dump all the tiles out and they are totally mixed up, then you can't recover the correct order, the seed is lost.
@@CryptoGuide Good to know you can read the words without removing the clasp. I worry about someone not familiar with the device finding it far in the future and trying to restore without knowing about that pitfall, but that's kind of an edge case I guess.
The Capsule was designed to withstand 150000 Newtons of pressure, destroying the fastener by accident makes the mission impossible ua-cam.com/video/INx36TFFy28/v-deo.html
Does Ledger create a BIP39 Recovery Seed Phrase where it is sufficient to only save the first four letters of each seed word? Or do I need two x Cryptosteel Capsules to store my Ledger Seed? :)
You only need the first four letters of each word of you are using an English BIP 39 seed. (Which Ledger uses by default) You only need a single cryptosteel to store a 24 word seed in this way.
Have Nano X. Did initial set up and opened accounts on ledger. No crypto ever transferred to my wallet. Now I have purposely wiped the nano clean and am ready to re-initialize with new seed, new accounts ledger. I do not plan on ever recovering from the first seed. I will establish a PIN and will receive new recovery seed phrase. There's nothing I should be wary of going forward, correct?
Just be really sure that you removed the old accounts from Ledger Live, as accounts associed with the initial seed will not be automatically removed or updated. Also just be really sure not to ever enter your seed on a PC, phone or anywhere other than the Nano X itself.
@@CryptoGuide Thank you. Further question. If when I am initializing my ledger nano x for the first time, I want to add a passphrase do I set it up as a "temporary passphrase"? Am confused by this. And to be clear, once the passphrase has been added to the account, if I lost the device and needed to recover the account, I would input the seed phrase and the passphrase at that time, correct? And then establish a new PIN for the wallet.
I talk about adding a BIP39 passphrase safely and what it looks like here: ua-cam.com/video/UfqJI3pt36s/v-deo.html Just be aware that this is an advanced feature and you need both your seed + passphrase in order access your funds.
@@CryptoGuide Can one choose any passphrase or must it include caps/numbers/characters? I see people are getting carried away by saying it would take all the computers in the world, all the time in the world to guess your seed phrase [and that storing your seed phrase on metal is waterproof/fireproof/bulletproof] but all someone needs to do is see your seed phrase and you are compromised. Threre are people in the forums who don't trust the banks but are suggesting keeping the seed phrase in a bank vault!
A passphrase can be basically anything. No-one is going to guess your seed, keeping a copy on steel can be a great idea. Safe deposit boxes can also be a way to securely store it, especially if that backup is protected by a passphrase that is stored elsewhere.
Hello, I'm trying to help my friend recover a bitcoin wallet. He has the old 12 seed phrase written down but when he tries to recover using this seed phrase it says 2 words are invalid, they are not bip39 apparently. we know which 2 words are incorrect in the sequence, have no old addresses or passwords to go off, only have the 12 words and 2 are incorrect. How can we recover this wallet? Many thanks!
Just give BTCRecover a go (github.com/3rdIteration/btcrecover) it will solve two missing words within a few hours. Guide for how to install it here: ua-cam.com/video/8q65eqpf4gE/v-deo.html If you get totally stuck and want to do a paid consultation or assisted recovery, shoot me an email at steve@cryptoguide.tips
Sir I have lost my all things related to btc wallet. But know only first 18 words of bip 39 24 word mnemonic seed which was written on my dairy.plz help me with remaining words to restore my wallet
18 out of 24 words is not recoverable, you need to know at least 21 out of 24 words (if you know the position of the words) or 22/24 if you are unsure where the missing two belong. You need to get looking for the rest of the words, until you find them, nobody can help you and anyone who says they can is a scammer. (6 missing words is too many...)
I deleted your post where you posted a seed here... Firstly, if you are missing 6 of the words then you cannot recover, anyone who tells you otherwise is a scammer... No-one can help you until you find at least 3-4 of the missing words... Secondly, if you have 24 words, but don't know their order at all, you can't descramble that without knowing the position of at least 12 of the words... Depending on where you got the seed from, an 18 word seed can actually be a valid BIP39 passphrase. Did the seed originally come from a Ledger wallet?
We are huge proponents of DIY tamper-evident seals. The range of options are endless - paint, stickers, nail polish, tamper-evident bags - all of these can work. Some people even weld it shut for permanence!
House fires and floods have shown the vulnerability of safes an unfortunate amount of times. With robbery, a thief would know exactly where to look for the valuables - your safe! Plus, the flexibility of transport and using multiple backups to split the seed make the Capsule offer a larger range of options for users. Capsules also allow you to split your seed, like with the Shamir Backup system. We wrote a blog about it even - cryptosteel.com/splitting-the-secret-the-case-for-shamir-backup-with-the-cryptosteel-capsule/
Why isn’t this channel way larger?? I’ve watched for over a year and these videos are extremely useful and more difficult to make than much larger channels.
Thanks :) I think it's mostly related to my content being niche and intentionally avoiding general bitcoin news, price tips, etc.
Agreed. Great content. I think it's because most people don't understand much less implement a good recovery process until it's too late. If you're watching these videos, you're already light years ahead of most people. Cheers.
.
Had to watch 4 videos and finally found this one where u actually show how to use it after u have done the setup.
Yep, no point in talking about without a demo :)
This is one of the coolest products I've ever seen. I can't wait to get one and tell my daughter "THIS IS YOUR FUTURE" in our hands lol Great vid/Review!!
It is pretty cool to be able to physically hold strong encryption keys (and all that they secure) like this :)
Best to do multsig to avoid a single point of failure.
As long as you can manage the backups
3:13 Opening it should be the least of your concern if you found it after an incident, you will find other ways to open it, no matter what... sooooooooooo it should not lose points since the message inside was probably still intact.
Just my two cents.
Yea I don't think it's an issue. :)
Indeed! The movable fastener and the soft core element not being fixed to the cap allow the Capsule to open without destroying the seed even if crushed twitter.com/cryptosteel/status/1248328705593704450
.
Great review! What do you think of Charles Hoskinons video lecture on how to secure your recovery phrase? He doesnt store the seedphrase physically but encrypts twice and stores it on a password manager and gmail...He stores the backups on his password manager. I thought it was really bad practise...but would like to know what you think. Its 1 1/2 though ha
Yea I think this is a really bad idea... Don't do it... It makes your backups really fragile and I explore other issues with it here: ua-cam.com/video/s95ma_EXEYA/v-deo.html
GREAT TO SEE ANOTHER AUSSIE! SUBBED
Great to hear thanks :)
Great review of this product! While I do like it, I think it is about double the price of the Cobo tablet, which is not as great, but still good enough in my opinion. I will definitely consider buying it, but only when the price comes down a bit.
Yea it's certainly pricy especially compared to how affordable some of the alternatives are now.
MY GUY PLEASE KNOW YOU GOT YOUR SEED PHRASE SHOWING ON CAMERA!
Yea that's the point, I always create demo seeds to use in these videos :)
nice and very informative video, thanks
Glad it helped
Great video thanks :)
Glad it helped :)
Hi, thanks for your continuous production! Would appreciate some tutorials on security using electrum wallet. thanks
Are there any particular aspects of Electrum you are keen to know? (Eg: Are you planning to use it with a hardware wallet, offline signing, etc?)
@@CryptoGuide May be it would be interesting showing how to use it with ledger... thanks
Riteo, so just basic functionality like adding a wallet in Electrum, sending and receiving transactions, etc?
@@CryptoGuide Yes or with a Trezor although Id imagine that would all be self explanatory enough but yes using a HW wallet attached to an Electrum starting off with basic and upto some moderate functionality would be a phenomenal addition. Thanks so much for all you do!
@@CryptoGuide For example how to connect electrum to Nano, and then use electrum as watch only wallet without connecting to Nano would be nice..
I got the cobo punch for 24.00 had my wife read back my seed to verify she can read it. The problem with loose letters, it seems like they could all fall out and then it’s useless. Engraved or punch tool means someone can’t scramble them.
Yea the Cobo tab punch is a great deal. The advantage of this over previous cassette style devices is that the tiles are threaded in the core, so can't get mixed up.
Overall, the pinch is great for seeds and sonething like this is ideal for something like a BIP39 passphrase.
I like it but, of course, it's recommended to have 2+ copies of a seed phrase and at $99 each, that's pricey. Cheaper than losing crypto though.
Yep, depending on how much crypto you have, the cost can be totally worth it.
"...and store that capsule in a secure place..." - therein lies the rub. You need to figure out where to store this thing so that someone cannot discover it and steal your crypto.
if it is in a safe, safes can be broken into (with a torch, typically the best safes can only withstand about 30 minutes of that attack). Safety deposit box, you need to get to it and thus the bank has to be open and accessible. anywhere else, you need to be good at hiding it.
Firstly, I think most folk overestimate the risk of physical attacks like this when compared to the risk of screwing up some other backup method.
That said, if you want to secure your physical backups, then adding a BIP39 passphrase does this very well. (Though should also be backed up, just not alongside your physical seed backup)
Hey there, nice video, really well done. I'm considering the purchase but can't figure it out how to take it with me if one day I have to take a flight. Could be seen as a potential harmful device at security controls, while a punctured card won't. Thanks in advance
A punched card would certainly be more discrete in terms of x-rays.
@@CryptoGuide thanks for the quick reply
.
So it is not possible to write the complete words in there for 24word seeds, as with 4letters only, i might forget the entire word... Most peoples native language is not English... The recovery words sometimes are a bit strange. What a shame reslly.
For BIP39 seeds, you only need the first four letters, as every word in the BIP 39 list (only 2048 words long) is unique based off the first four letters. This is why most wallets only need you to enter, at most, the first four letters of each word. This property also holds true for the Spanish, French and Italian BIP39 word lists, though these lists are generally supported on fewer devices and wallets.
ua-cam.com/video/QikkeO0TfGY/v-deo.html -That's right, we developed Cryptosteel together with SatoshiLab, the creators of BIP0039 (aka. Mnemonic Seed Standard) and the Capsule was built from scratch powered by the Trezor and Satoshi Lab team to make sure that this product meets the Shamir Backup Standard (SLIP039) and many other crypto systems!
.
What if you accidentally dump out all the tiles when restoring? Is there a way to put them back in order?
You can't dump the tiles out unless you remove the clasp at the top, which you don't need to do in order to read the words back.
If you dump all the tiles out and they are totally mixed up, then you can't recover the correct order, the seed is lost.
@@CryptoGuide Good to know you can read the words without removing the clasp. I worry about someone not familiar with the device finding it far in the future and trying to restore without knowing about that pitfall, but that's kind of an edge case I guess.
That's a good point about a future person not realising.
The Capsule was designed to withstand 150000 Newtons of pressure, destroying the fastener by accident makes the mission impossible ua-cam.com/video/INx36TFFy28/v-deo.html
@@ZachCopley I was thinking the same... But a good option is wrapping a piece of paper with a warning message not to take them out.
Does Ledger create a BIP39 Recovery Seed Phrase where it is sufficient to only save the first four letters of each seed word? Or do I need two x Cryptosteel Capsules to store my Ledger Seed? :)
You only need the first four letters of each word of you are using an English BIP 39 seed. (Which Ledger uses by default) You only need a single cryptosteel to store a 24 word seed in this way.
@@CryptoGuide Thanks a lot!
.
Have Nano X. Did initial set up and opened accounts on ledger. No crypto ever transferred to my wallet.
Now I have purposely wiped the nano clean and am ready to re-initialize with new seed, new accounts ledger.
I do not plan on ever recovering from the first seed.
I will establish a PIN and will receive new recovery seed phrase. There's nothing I should be wary of going forward, correct?
Just be really sure that you removed the old accounts from Ledger Live, as accounts associed with the initial seed will not be automatically removed or updated.
Also just be really sure not to ever enter your seed on a PC, phone or anywhere other than the Nano X itself.
@@CryptoGuide Thank you. Further question. If when I am initializing my ledger nano x for the first time, I want to add a passphrase
do I set it up as a "temporary passphrase"? Am confused by this. And to be clear, once the passphrase has been added to the account,
if I lost the device and needed to recover the account, I would input the seed phrase and the passphrase at that time, correct?
And then establish a new PIN for the wallet.
I talk about adding a BIP39 passphrase safely and what it looks like here: ua-cam.com/video/UfqJI3pt36s/v-deo.html
Just be aware that this is an advanced feature and you need both your seed + passphrase in order access your funds.
If someone knows your 24 word seed phrase, can they take your crypto or do they also need your Ledger device?
Yes they can and no they don't need your Ledger. Your seed IS your wallet, the Ledger just stores and let's you use it.
@@CryptoGuide So it is only as safe as the piece of paper it is written on.
Mostly yea, but you can add a layer of protection with a BIP39 passphrase if you want to secure your backups.
@@CryptoGuide Can one choose any passphrase or must it include caps/numbers/characters?
I see people are getting carried away by saying it would take all the computers in the world, all the time in the world to guess your seed phrase [and that storing your seed phrase on metal is waterproof/fireproof/bulletproof] but all someone needs to do is see your seed phrase and you are compromised. Threre are people in the forums who don't trust the banks but are suggesting keeping the seed phrase in a bank vault!
A passphrase can be basically anything. No-one is going to guess your seed, keeping a copy on steel can be a great idea.
Safe deposit boxes can also be a way to securely store it, especially if that backup is protected by a passphrase that is stored elsewhere.
so you only put in the first letter of every word?
You out in the first four letters for a 24 word seed. (For languages like English where the words are unique based off the first four letters)
is there an updated promo? the one above has expired.
I emailed them to see what the deal is as it looks like it should work still. (Though I just checked and confirmed it doesn't)
Hey so Cryptosteel just got back to me and they have reactivated the code :)
Hello,
I'm trying to help my friend recover a bitcoin wallet.
He has the old 12 seed phrase written down but when he tries to recover using this seed phrase it says 2 words are invalid, they are not bip39 apparently.
we know which 2 words are incorrect in the sequence, have no old addresses or passwords to go off, only have the 12 words and 2 are incorrect.
How can we recover this wallet?
Many thanks!
Just give BTCRecover a go (github.com/3rdIteration/btcrecover) it will solve two missing words within a few hours. Guide for how to install it here: ua-cam.com/video/8q65eqpf4gE/v-deo.html If you get totally stuck and want to do a paid consultation or assisted recovery, shoot me an email at steve@cryptoguide.tips
Can you update the promo code? It currently says code is expired. Thanks!
I just checked and Crypto_Guide_cryptosteel10 should still work, does it say it's expired now?
I just tried using the code and said it was expired.
.
Sir I have lost my all things related to btc wallet. But know only first 18 words of bip 39 24 word mnemonic seed which was written on my dairy.plz help me with remaining words to restore my wallet
18 out of 24 words is not recoverable, you need to know at least 21 out of 24 words (if you know the position of the words) or 22/24 if you are unsure where the missing two belong.
You need to get looking for the rest of the words, until you find them, nobody can help you and anyone who says they can is a scammer. (6 missing words is too many...)
@@CryptoGuide no sir I have 18 words of 24 but for for forgot 6 word plz help me
@@CryptoGuide I have got my address also but to restore it asking 24 words seed phrase
@@CryptoGuide sir current and rent which one is correct both are in same word list
I deleted your post where you posted a seed here...
Firstly, if you are missing 6 of the words then you cannot recover, anyone who tells you otherwise is a scammer... No-one can help you until you find at least 3-4 of the missing words...
Secondly, if you have 24 words, but don't know their order at all, you can't descramble that without knowing the position of at least 12 of the words...
Depending on where you got the seed from, an 18 word seed can actually be a valid BIP39 passphrase. Did the seed originally come from a Ledger wallet?
only one issue with this, it is missing a seal anyone that opens it should break that seal
You can just add your own :)
@@CryptoGuide hey thanks for your reply, will look into it
dunk the threaded cap in wax, add a stamp. $2
We are huge proponents of DIY tamper-evident seals. The range of options are endless - paint, stickers, nail polish, tamper-evident bags - all of these can work. Some people even weld it shut for permanence!
.
I don't see the point in this product. Just put your paper in a safe.
Water damage, fire damage... Safes often don't protect a piece of paper against either.
House fires and floods have shown the vulnerability of safes an unfortunate amount of times. With robbery, a thief would know exactly where to look for the valuables - your safe! Plus, the flexibility of transport and using multiple backups to split the seed make the Capsule offer a larger range of options for users. Capsules also allow you to split your seed, like with the Shamir Backup system. We wrote a blog about it even - cryptosteel.com/splitting-the-secret-the-case-for-shamir-backup-with-the-cryptosteel-capsule/
@@CryptoGuide have an encrypted digital version
I have a video about why this is likely a bad idea here ua-cam.com/video/s95ma_EXEYA/v-deo.html
@@benjaminlehman3221 you realise USB can break very easily? Or be corrupted?