Happy to help! Definitely get your crypto off Coinbase and into a hardware wallet! I recommend Tangem. Easiest wallet to use by far. I have an entire playlist dedicated to that wallet. You should check it out: ua-cam.com/play/PLcf_x896LiWOpSgmaY3IRrg8IxVPpXzbo.html&si=SAnec1I2rwWH6PId
Anytime! I can’t recommend Tangem enough. Most user friendly cold wallet on the market. Here’s my 1 year review of it: Tangem Wallet Review - 1 Year Later… ua-cam.com/video/bPZpzjJl3ts/v-deo.html
@@cyberscrillain other words, your wallet is your new bank account. The exchange is where you can use to pay for things (eventually), convert to fiat, or exchange for other coins.
My question I have is this, is the ellipse compatible to use for transferring crypto on iPhone se to the cold storage from Coinbase? I have a 2015 MacBook Pro and it seems like a better cold storage wallet to use since you only scan QR codes instead of having to tap the phone with NFC technology unlike other cold storage wallets!
Coinbase is absolute trash. But most exchanges are required to hold funds for some period of time. I like kraken, they only have a 72hr hold (only for the first time). Compared to Coinbase that will hold your money for as long as they want.
Pretty sure the first ytuber to put out a tutorial on how to pull your crypto off of uphold mobile app and onto the mini is going to kill it in add revenue..... just saying.....especially with all these average joes trying to figure it out....
@@CK-mi3sd all crypto is stored on the blockchain. The point made in this video is that owning your private key is important. If you store crypto on ANY exchange, you don’t own your key-thus you don’t own your crypto. - Alex
@@cyberscrilla I understand your point. When I asked where Binance holds funds, I know that literally the fund is held on blockchain but where the access to the crypto is held? Cold wallet? In reality, even if the fund stays on exchange, the fund is NEVER staying on exchange but on blockchain.
My apologies. From what I’ve read, Binance uses both Hot and Cold wallets to store users’ assets. They use their own software so they don’t have to rely on a third party. - Alex
Ok I understand and I am convinced need cold wallet but I am new to this and want to be on the exchange and then send to cold wallet because the exchanges used by wallets have much higher fees that being said I have noticed kraken pro counbsde and many other exchanges in the USA require giving up your bank account log in information. To plaid . Are there any exchanges out there in USA where you can deposit funds without. Giving up your bank log in?
Which is just a fancy way of saying that you're going to have to give up anonymity. You will have to provide ID and social security number, plus phone number and/or email to set up an account. Then they have to "verify your ID."
![How to Start with Crypto in 2025 [Wallets, Exchanges & Security]](/img/n.gif)
Thank you! I'm new to all of this and finding videos that explain all of this so I can understand is not easy. I'm currently on coin base, ouch! 😳
Happy to help! Definitely get your crypto off Coinbase and into a hardware wallet! I recommend Tangem. Easiest wallet to use by far.
I have an entire playlist dedicated to that wallet. You should check it out:
ua-cam.com/play/PLcf_x896LiWOpSgmaY3IRrg8IxVPpXzbo.html&si=SAnec1I2rwWH6PId
Well question. For example if xrp explodes. How do you retrieve your money. Don’t you have to put in in an exchange to deposit into your account
Yes, you still use exchanges to on/off ramp your crypto. The point of a cold wallet is to securely hold your crypto while you wait to sell it
@@cyberscrilla Iam new at this. Thanks you so much. Which cold wallet do you recommend.
Anytime! I can’t recommend Tangem enough. Most user friendly cold wallet on the market. Here’s my 1 year review of it:
Tangem Wallet Review - 1 Year Later…
ua-cam.com/video/bPZpzjJl3ts/v-deo.html
@@cyberscrillain other words, your wallet is your new bank account. The exchange is where you can use to pay for things (eventually), convert to fiat, or exchange for other coins.
My question I have is this, is the ellipse compatible to use for transferring crypto on iPhone se to the cold storage from Coinbase? I have a 2015 MacBook Pro and it seems like a better cold storage wallet to use since you only scan QR codes instead of having to tap the phone with NFC technology unlike other cold storage wallets!
Is there any exchange that does not hold your crypto withdrawals ?
Coinbase is absolute trash. But most exchanges are required to hold funds for some period of time.
I like kraken, they only have a 72hr hold (only for the first time).
Compared to Coinbase that will hold your money for as long as they want.
Pretty sure the first ytuber to put out a tutorial on how to pull your crypto off of uphold mobile app and onto the mini is going to kill it in add revenue..... just saying.....especially with all these average joes trying to figure it out....
Thanks for the insight! I’m not monetized so no ad revenue for me. But I like to make valuable videos so I’ll look into it.
- Alex
I lost 0.1 bitcoin on ftx
Damn I’m sorry to hear that.
Coinbase actually holds 95% of its funds in a cold storage.
Of course they do. All crypto is stored on the blockchain. But they hold YOUR private key. That’s the scary part
Where does Binance hold funds?
@@CK-mi3sd all crypto is stored on the blockchain. The point made in this video is that owning your private key is important. If you store crypto on ANY exchange, you don’t own your key-thus you don’t own your crypto.
- Alex
@@cyberscrilla I understand your point. When I asked where Binance holds funds, I know that literally the fund is held on blockchain but where the access to the crypto is held? Cold wallet? In reality, even if the fund stays on exchange, the fund is NEVER staying on exchange but on blockchain.
My apologies. From what I’ve read, Binance uses both Hot and Cold wallets to store users’ assets.
They use their own software so they don’t have to rely on a third party.
- Alex
Ok I understand and I am convinced need cold wallet but I am new to this and want to be on the exchange and then send to cold wallet because the exchanges used by wallets have much higher fees that being said I have noticed kraken pro counbsde and many other exchanges in the USA require giving up your bank account log in information. To plaid . Are there any exchanges out there in USA where you can deposit funds without. Giving up your bank log in?
No. As far as I know, all exchanges in the US require know your customer (KYC).
Which is just a fancy way of saying that you're going to have to give up anonymity. You will have to provide ID and social security number, plus phone number and/or email to set up an account. Then they have to "verify your ID."
Yes, that’s what KYC is. Know Your Customer
Switch your attention to anonymous Crypton.
What is “anonymous crypton”?