How to Store Crypto Safely (The Right Way)
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- Опубліковано 2 січ 2024
- Stop storing your crypto on exchanges and in hot wallets! This is how to store crypto safely using a hardware wallet.
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Hardware Wallets Discounts:
🌟 Tangem Wallet (10% Off Code: CYBERSCRILLA)
LINK: tangem.com/en/pricing/?promoc...
🌟 Trezor Safe 3: affil.trezor.io/aff_c?offer_i...
COIN SUPPORT: trezor.io/trezor-safe-3?trans...
🌟 Keystone 3 Pro (22% OFF):
Enjoy 22% OFF your order using our link:
keyst.one/shop/products/keyst...
COIN SUPPORT: keyst.one/supported-wallets-a...
🎬 5 Features Every Hardware Wallet Needs: t • Cold Wallet Essentials...
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Explore Cyber Scrilla:
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🐦 Twitter: / cyberscrilla
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Chapters:
0:46 - Why Crypto Exchanges Are Risky
1:56 - Self Custodial Wallets
2:46 - Cold Wallets
3:49 - How to Store Crypto Safely
4:25 - Burner Wallets
6:40 - Choosing a Hardware Wallet
8:40 - Best Cold Wallets
9:00 - Tangem Wallet
9:53 - Trezor Safe 3
10:38 - Keystone 3 Pro
11:43 - Common Cold Wallet Questions
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Disclaimer: The information provided is for informational purposes only and should not be considered financial, legal, or tax advice. The content reflects the speaker's opinions and is not from a licensed financial advisor or registered investment advisor. Please note that this description contains affiliate links. If you make a purchase through one of these links, the channel may earn a commission (at no additional cost to you). Thank you for supporting us!
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Wishing you safe and successful crypto adventures.
- Alex Gomez 🫶
#coldwallet #coldstorage #hardwarewallet #cryptowallet #crypto #nfts #ledgerwallet #ledgernanox #keystonewallet #onekeywallet #tangemwallet #ellipaltitan #ellipalwallet #selfcustody #securestorage #metamask #hotwallet #cryptocoldwallet #blockchain #web3 #trezorwallet #trezor #bitcoinwallet #bitcoin #ethereum #ethereumwallet #nftwallet #bestcoldwallet #besthardwarewallet - Наука та технологія
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
THANX ALEX. Your knowledge is so amazing thank you so much for really staying on point with all of this!!!
Thanks 🙏
Excellent video - best I've found on UA-cam for info and clarity, thank you!
Thank you! Glad it helped!
Alex is a pro! Thank you
Thank you for watching!
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!!
This channel is fre😊aking🦆 ducking🦆 awesome 😎!
I Always Learn Heaps 💡🧠! Thanks Mr Scrilla!
Thanks!
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
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.
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! 🙏
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…
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.
🛑 *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 👍
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
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
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 UA-cam channel. It would great to see what you think about Zengo and how secure MPC is which is also coming to Trust Wallet.
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.
ua-cam.com/video/fnGT4U0cQ80/v-deo.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?
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?
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
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.
Mr Scrilla always bringing the fre🤭aking alpha🖕
🙏
Tangem shipping is so AF!!
They are trying to catch up. Other cold wallet manufacturers are backordered also