🚨 Unfortunately Trezor has discontinued our main discount code. Please use our link to view the latest discounts on the Safe 3: LINK: trezor.io/trezor-safe-3?transaction_id=102e219fe8905a139e43116daf9b7c&offer_id=169&affiliate_id=10648 Thank you, Alex
Just found your channel. Clear, concise, unbiased information given calmly without all the drama. So thank you, I have subscribed. 👍 (plus, you answered my question/comment below, very quickly.
@@Keags187 You would not lose your crypto. Crypto isn’t stored in your wallet, it’s stored on the blockchain. Your wallet holds your private key which is used to access your address on the blockchain. This is true for any self custodial wallet (hot and cold). As long as you have your seed phrase you have access to your crypto. - Alex
@@cyberscrilla not tangem imo, their app is a pretty big attack vector as you don't 100% know what you're confirming your key with, while with Keystone, the most secure wallet also can view transactions.
I wish tandem would change that thing on the screen where they said tap the card it took me like 15 minutes to get that thing together because I was tapping they should say hold the card to the back of the phone it will not work if you tap
I am new in crypto, and I have been studying the wallets for the last few days. Pretty much in all the hardware wallets, the private key is in the secure chip, but in order to approve the transaction, the operating system of the wallet must interact with the secure chip to process the approval, that mean the wallet os can reach the private key and I think since the OS is developed by the wallet company if they want they can see the seed phrase with the help of OS. Now, if you say it requires your approval, I mean it's not a big deal to get it, I mean, if they want, they can do a firmware update and during the process you approve the update the wallet company "if they want ofcourse" can retrieve the seed phrase. So, there is a level of trust in all wallets.
You’re right. There’s always at least some level of trust. This is why many prefer open source firmware/hardware over closed source. That way we know for sure there are no vulnerabilities or backdoors. - Alex
@cyberscrilla thank you for the reply! So, with the open source code, the vendor can't retrieve the seed phrase from the device if they want to? If yes, could you please tell how.
@dynamicroutes all open source code does is allows anyone to view the code. Therefore if there was some kind of backdoor that allowed the manufacturer to export your private key, the general public could see it
tangem 2 is simpliest, fit in regular wallet, yet secure enough, no batteries, cables, just a cell phone and internet connection what else could user need!?
Excellent report. Personally, I avoid wallets that have a battery, since they fail sooner or later (I've had a few MP3 players and smart bracelets fail after 5 to 8 years due to the battery). I'm trying to decide between the Tangem (25+ years sounds good, plus easy to hide the backup cards) and the Trezor Safe 3 (Shamir backup & secure chip are a big plus over the Model One).
@anticharlaton5823 Thank you! And that’s fair. Fortunately even if a wallet battery fails you can still recover your crypto using the seed phrase. Some wallets will still continue to work even once the battery fails (just have to plug it in). But I’m with you. Less hardware to potentially fail the better. If you’re looking for convenience and basic security go with Tangem. If you want additional security options and open source code, go with Trezor. - Alex
This was a great video! Some awesome wallets I did not know about. Been a Ledger lover for the past years, they have failed too many times and just picked up a Trezor Safe 3. I like the OneKey Classic and BCVAULT too they look cool! Subbed, cheers!
@@cyberscrillahey man, could you explain whether the Keystone 3 pro could experience the same fate like what just happened to Ledger? Since you said in your video with Keystone we MUST connect it to hot wallet(s)
@@randyra88 what happened with ledger did not directly affect their wallets. It affected decentralized applications. Any wallet is susceptible to that if you connect your wallet to a malicious website. To answer your question, the hot wallet integration DOES NOT affect security of the K3P. Your keys are still stored on the Keystone device (not in the hot wallets).
@@cyberscrilla i watched several of the videos. Seems like you wouldn't recommend Ledger, is it fair to say so? right now I am a bit divided because on one hand Ledger has failed so many times that I want to move away from it, but it still offers the easiest way to stake Solana in my experience : it can stake Solana directly from the native app Ledger Live, without having to connect to external hot wallet. But do you know other hardware wallet that offer this much ease in staking Solana? Much appreciated my man.
This was a comment that I hoped to see. Three weeks ago, I converted BTC to ETH on my Ledger Desktop Live using their "swap" CIC function, and I definitely made sure I had followed all steps carefully as I have owning the Ledger Nano-X device for months now. I was hacked six hours later from receiving my ETH off the swap, nearly $3,000 gone. I had always been extremely careful never to expose my seed phrase, kept everything securely offline, I don't believe that I had "blind-signed" anything, and yet Ledger Support was of no use. So now, I too am shopping around for other cold wallet options and seem geared towards both Tangem and Keystone 3 Pro, before cleaning up and resetting my Ledger Nano-X device completely. I am searching for a cold wallet as a "third base" solely to send, receive and storage ---- never having it connected to any website as possible. I so am glad to had came across this video review, it gave me some ideas to consider even though I am willing to take some extra steps in the name of SECURITY!! Thanks! @cyberscrilla 😎👍
Bc vault was a good wallet to me .... 2 + years and still kicking.... But i will not use it anymore. With no seed phrase you are forced to have extra device in order to get to your private keys
I have the BC vault for a few years...I found it ...BY FAR .. the easiest to use, especially as I have large hands and the other ones are infuriatingly small...but I am a little sus. on restoring using the QR code
Trezor Model T also allowed for the 25th word or the pass phrase so you can have a regular wallet with the 24 words and another wallet with the extra pass phrase.
Why is Tangem mentioned and reviewed so much lately but no one mentions Arculus anymore? Arculus was here first. Is this about hype? Or quality safety and security?
Can you please always disclose where each wallet is manufactured. It’s worth considering the impact of potential bad actors if you hold substantial worth on wallets
in regards to the BC Vault, and that it supports any crypto imaginable that is out, can you tell me if every crypto that is out for sale has a network to transfer it on? I have noticed that some cryptos on Uphold as an example, do not have any network to transfer out on should you buy it. Are you able to buy and sell crypto on that BC Vault wallet for those situations? And yes, I have limited knowledge about this, but do want to buy a cold wallet that allows me to not only store crypto on, but also buy, sell and stake as well. Do any in this top 5 list meet those requirements? So often i hear people say that they allowed blind transactions on their device and somehow their crypto came up missing. Can you explain this in a future video as well? Thanks and just joined your videos.
@MrSwaggerking13 for me, there have been too many red flags and mistakes on their end that have put their customers at risk. I talk more about it in this video: ua-cam.com/video/YekyEj8TUAM/v-deo.htmlsi=9cbwOxb7GU25MTg8
@@cyberscrillaI just have one question which some people raise. It’s not a concern right that my cold wallet doesn’t have a screen to verify the address?
@@tihanhaider9811 this can be a concern. But if you are using the official Tangem app, the risk of compromise is removed. Tangem advises users to prioritize their digital hygiene by maintaining a secure device environment, running the most up-to-date version of their mobile device's OS, and downloading apps only from official sources. The official Tangem app is open-source and its code is available on GitHub. This means anyone can check it out and verify that there is no backdoors and vulnerabilities, if they have some basic tech-knowledge of course. Appart from that, both Tangem app and Tangem firmware of the cards were audited by 2 most reputable audit companies - Kudelski Security and Riscure (this once was released just few days ago btw), which proves that there is no risk for attacks and backdors for Tangem Wallet.
Hey brother, thank you for this video. I'm curious your view on 2 things. -First, I bought BC Vault a few years back after hearing glowing reviews on it. Now when I check people's top choices for wallets, NO ONE is mentioning BC Vault anymore. Your vid is the only one I can find that does. Why do you think that is? The only sense I can make is, BC Vault isn't padding people's pockets like other brands so "influencers" aren't being bought off? -Also... Is it good to have multiple wallets for safety / redundancy? I hear some people do but no one talks about why they have multiples. If yes, should I get another BC Vault, or a different brand (like Trezor Safe 3)? Or does it even matter? Thanks again man, subbed!
Thanks for watching! Honestly, I think BCvault isn’t as user friendly as other wallets mainly due to its sd card/paper qr backup method which is untraditional in the hardware wallet industry. Assuming another brand of wallet fits your needs (coin support, security, compatibility, etc) I think it’s worth trying another brand of wallet. You might like it. And yes, it’s not a bad idea to diversify funds across various wallets.
Question about the Keystone 3.. if there is hot wallet connectivity with the device… how safe it really is?! Because metamask is known for its bad security problems… and my other question is … can we use OKX if it’s banned in our country? Thanks for those great videos!
The K3P still secures your private key and is needed to approved transactions. So it’s completely secure. The hot wallets are only used to initiate transactions. Nothing more. And no, if a wallet is banned in your country you can’t use it. - Alex
Also the bc ... The main coins are ok to manage . But if you safe erc 20 or solana ecosystem tokens then gets shitty. Balances do not show sometimes ...and transactions get stuck if you want to take coins out of the wallet
I'm confused. You stated that the One Key Classic and Touch are exactly the same, except the Touch is larger and more premium, then you said that you prefer the Classic because it secures your crypto. That statement makes it sound like the Touch does not. I can no longer trust that review.
You misunderstood me. They function the same & have the same security. Obviously they look different (screen vs touch). What I said is I prefer a wallet that simply secures my crypto (which they both do), BUT I don’t need the fancier version to do the same job as the more affordable option
Hello, as a new crypto person. I previously bought , (SecuX Neo X) wallet but it supports very limited Crypto and not XRP. Which wallet is best supporting XRP please? Between two of wallet you mentioned, (OneKey Pro Crypto), & (Keystone) which one is better please?
I’d go Keystone 3 Pro over OneKey. But I’d say Tangem over Keystone for a majority of people. Especially if you’re new to crypto. And yes, Tangem supports XRP. Here’s my most up to date Tangem wallet review: Tangem Wallet Review - 1 Year Later… ua-cam.com/video/bPZpzjJl3ts/v-deo.html
All my reviews are unbiased and my own. I can say whatever I want about any wallet as I am not “sponsored” by anyone. I receive most the wallets I review for free. But again, these are my own thoughts and opinions and my HONEST list of the best cold wallets I put A LOT of thought into this list I made. I’ve been thinking about it for months actually. - Alex
hello, first i want to thank you for the video, it's quite useful. I am a newbie here, I am thinking of having only BTC mostly for storage. Which wallet do you recommend? I know you mention it's complicated, but I am somehow leaning toward BCVault
If you’re a newbie I’d recommend the Trezor Safe 3. You can download the Bitcoin-only firmware on the device offered directly from Trezor. The reason I recommend the safe 3 is because it’s very user friendly. BCVault is good, but a bit more complicated - Alex
I have the BC Vault which I bought back in 2020 and I've been happy with it every since. I like the feature where you can sell your crypto from your wallet instead of sending the coins to the exchange and than sell it.
@@cyberscrilla one more question, I m frm India so can I buy tengem from Canada or other country through my friend? Means any issue at the airport with this card?
Hi, I really pray you see this and reply. Please which cold wallet is the best when it comes to saving of USDT ONLY amongst others regardless of the price.
Hey Janet. Best is subjective. What are you looking for in a wallet exactly? Personally, I believe security and user-friendliness are the two most important factors when choosing a hardware wallet. Also, which network is the USDT on that you want to store? It’s important to confirm the wallet you buy supports the network you use. Personally I’d use Trezor Safe 3. OR if you’re completely new to wallets and aren’t super tech savvy, I’d go with Tangem. Happy to help if you have any more questions. - Alex
18:42 Well said, man. I don't understand why people are concerned about how it is made in China when your social media is actually collecting your info anyway. That kind of thinking really needs to stop. After checking out your review, I'm locked down to either Tangem or Keystone Pro 3. I'm more geared towards the latter atm. I do prefer the Tangem having its own app though. Once again, thank you for such a great review!
Thanks you. And seriously! As for Tangem vs Trezor. They both have their own app. It’s just a matter of mobile vs desktop. Here are some things to consider: - Tangem is more convenient - It’s firmware is closed source - Trezor isn’t as convenient (but it’s still beginner friendly) - it’s 100% open source Actually, I have a video directly comparing the two if you haven’t already seen it. Tangem vs Trezor Safe 3: Budget Wallet Battle: ua-cam.com/video/hze0KBikWG0/v-deo.htmlsi=tsJNdmB3zQ-cxLk6 Holler if you have any questions. - Alex
Im new to all these crypto stuff but your videos sure did enlighten me. Just wanted ur take between tangem and the trezor safe 3. Which is best of these 2 cus i cant decide. Thanks alot
Thanks! And it’s hard to say because best is subjective depending on your needs and experience. Tangem is more user-friendly and supports more tokens. But it is a mobile-only wallet and offers less security feature than the Safe 3. The safe 3 is mainly a desktop wallet, but it’s still fairly easy to use. But it supports less networks/tokens. I use my Tangem wallet more often. But, the Safe 3 is one of my go-to wallets for holding my long term investments I don’t access as much.
@Dxrkmo0nYT If all you want to do is store and maybe swap USDT ERC20/TRC20 from time to time AND you’re new to cold wallet, I can’t recommend Tangem enough. It’s one of my favorite wallets. I have an entire playlist dedicated to Tangem that will answer any questions you might have as well: ua-cam.com/play/PLcf_x896LiWOpSgmaY3IRrg8IxVPpXzbo.html&si=vL73o8Zo1FbiCPDX
It could be a computer issue or maybe you need to update the app? I haven’t experienced that personally. Safe 3 and BCVault are two COMPLETELY different wallets. I only recommend BCVAULT for advanced users. Safe 3 is more user friendly in my experience - Alex
The only wallet I know of that’s made in the US is Arculus. I’m not a huge fan of them. I’d much rather use Tangem or even Onekey myself. Ton of token support including SOL
What’s your experience level? If beginner, id go Tangem or Ledger Flex. Otherwise, the Trezor Safe 3 is a solid option. Also, what coins are you planning to hold longterm? Make sure the wallet you buy supports those tokens.
I really like the security of the bc vault, I currently have xumm tangem cards for xrp and they work great but looking to get another device other than ellipal or ledger!
I’ll make a video when there’s something to talk about besides speculation. I’ve been accumulating more during these dips personally. A lot more. Don’t worry I’ll keep everyone posted as more official developments are released
I have been buying BTC through PayPal. I am just learning about these "cold wallets". Once I get a wallet is there a way to get my BTC off PayPal and on to my cold wallet? Thanks! Also, I am gathering by the comments that I should stay away fro Ledger . . . am I reading that right? Thanks again.
Please get your BTC off PayPal asap! You can do so by following their steps: 1. Go to the Finances tab. 2. Tap your crypto balance. 3. Tap the transfer arrows. 4. Tap Send. 5. Select the contact you want to send crypto to. 6. You'll need to enter an external crypto address if you want to transfer cryptocurrency out of your account (your wallet’s public BTC address) And correct, stay away from Ledger. For Bitcoin is probably go with Trezor considering it’s your first wallet.
With closed source / not verifiable apps you put trust again on someone else, you don't keep it yourself as a proper cold wallet should do... You should highlight more this feature...
You’re always trusting someone unless you yourself are a developer and can read code. Open source? Great. Can you read code and confirm it’s safe? No? Then you’re trusting someone else to confirm that for you. Many of these wallets have been audited by third party security companies. Also, many of them are majority open source anyways.
I am planning to store them on a cold wallet..but how long does it take to transfer coins from the cold wallet back into an exchange if I want to sell them urgently, owing to a sudden short lived spike? Is it possible for the transfer to take long and can we possibly lose money if the spike is short lived? and we can't get the coins on exchange before time
Crypto transfers occur in a matter of seconds in most cases. And you don’t have to get tokens on an exchange to take profit. You can use use a DEX to convert to a stable coin, then transfer whenever you want
It's not just about the quality of chinese products it's more about giving money to china as nowadays the Chinese commonest party is very controversial. It could also be said if you buy something that was made in Russia. Although it seems that Russia might not be the big bad guy that everyone thinks they are.
Tangem nor anyone else would be able to give you access to your crypto. They could simply provide you with new cards. Tangem recommends transferring assets to a new wallet if you only have 1 card left for example. Personally, i recommend always choosing the seed phrase option so you don’t have to worry so much about losing access to crypto
Depends on your wants. Trezor Safe 3 is more user friendly (and plenty secure). Keystone 3 Pro is less user friendly but offers more security features if you want those (3 secure elements, air gap mode etc) Both are secure options though. - Alex
Quick Share is not NFC. You need an NFC compatible phone for Tangem. If you have a desktop computer I suggest you check out Cypherock. Similar to Tangem but comes with its own NFC compatible device. Here’s my review: ua-cam.com/video/KiHZIrG4bdk/v-deo.htmlsi=HfjGB7_eEF1j0g_E
Up to you. I’d research best security practices for phones. Also, this video might help a bit: ua-cam.com/video/QdHRELwzCAk/v-deo.htmlsi=qBoU_VtusGBA3omk
Keystone 3 Pro has an internal battery. It also has 3 secure elements (Pro has 1). And the 3 Pro supports using 3 seed phrases on one device. And the 3 Pro has the first PCI Level anti tamper mechanism. But if you’re happy with the old Pro, it’s still completely safe to use.
@cyberscrilla So do you think the Pro 1 is risky to hold my coins long term? I've kept my BTC and ETH in there for 3 years. I haven't even checked to see if they're still in there for over a year lol
Not new to tech, but new to crypto. I have the Tangem wallet and am getting ready to set it up. Please someone help me out with my question. If I have a Tangem wallet is there any need to having to have Coinbase or any other exchange? IOW, can I do everything from the wallet and the app without having to use an exchange? And if that's true that Tangem takes care of everything, is there any need to back it up OTHER THAN to the other tangem cards? How often do back up to the other tangem cards?
Yes, I would still keep an exchange handy (but get off Coinbase they are trash). Reason being is that Tangem doesn’t support buying, selling, and swapping every token. So you may still need to use an exchange to buy or sell certain tokens. As for backups, if you don’t setup the wallet using a seed phrase, you can only have a total of 3 backups (3 cards). Meaning, if you lose or damage all 3 cards (unlikely but possible) you would lose all your crypto if you didn’t first transfer it to another wallet or exchange before losing your last card. This is why I prefer setting it up with a seed phrase. You can create as many copies of your phrase as you want and you aren’t reliant on the cards. So even if you lose all your cards but still have your seed phrase, you could buy more cards or even another brand hardware wallet, import your seed phrase, and regain access to your crypto.
I am a total newbie and own no crypto, i decided a good idea to buy some bitcoin when it was $8,000+ but had no wallet or idea how to buy any, so your video is awesome, and I will buy a Trezor for my cold wallet now. Q can you buy Tangem wallet and use it as your daily transaction hot wallet in a store accepting bitcoin as payments ( thinking of future), and Trezor as your storage hot wallet? Your video includes Tangem as 1 of 5 best cold wallets. Sorry if this is a dumb question…
Thanks for watching. A couple things. 1. You should have one main wallet to use for cold storage. This wallet should never be used to connect to anything like dapps. Only hold, send, and receive crypto in it. Trezor would work great for this. 2. Have a separate burner wallet you use to interact online (this could be a hot or cold wallet) that doesn’t have a lot of your crypto stored on it. Just whatever you need to transact. 3. Tangem can’t be used to buy stuff at a store. They have partnered with Visa to release such a wallet, but it won’t come out until 2025 (maybe). I suggest watching this video that helps explain how to properly store your crypto. ua-cam.com/video/fnGT4U0cQ80/v-deo.htmlsi=zt5y_PXOxpt6VfuP - Alex
Back when I made this video, I wasn’t recommending Ledger because of various concerns. However, after some research, I came to my own conclusion that these weren’t so much concerns as it was misinformation. I just posted a video covering these concerns and the truth if you’re interested: ua-cam.com/video/gQB0by9NDh8/v-deo.htmlsi=pjHGHNG0ov2w3TJ7
Trezor one is good but it does lack some key features the Safe 3 offers (secure element chip and the ability to enter your passphrase on the device) The Safe 3 is only $10 more than the Model One though. If you use our discount code “CYBERSCRILLA” you’ll get 8% off too. Otherwise, Model One is great - Alex
@rockysivilay the main issue is they lied about being able to extract the seed phrase. And since they are closed source, it’s a risk trusting anything they say now.
🚨 Unfortunately Trezor has discontinued our main discount code. Please use our link to view the latest discounts on the Safe 3:
LINK: trezor.io/trezor-safe-3?transaction_id=102e219fe8905a139e43116daf9b7c&offer_id=169&affiliate_id=10648
Thank you,
Alex
Ngrave as a storage vault. 3 Pro as a trading alt app but not built for serious long term use. Ngrave is.
Hi Alex what do you think about about the ballet steel wallet?
Honestly: I don't get why hardly anyone talks or looks into the Ngrave wallet with its EAL7 security level.
@@shootyourshot_CR Why would someone need EAL7? Ngrave is overpriced
How abt keystone 3 pro?
Just found your channel. Clear, concise, unbiased information given calmly without all the drama. So thank you, I have subscribed. 👍 (plus, you answered my question/comment below, very quickly.
Hey thank you! Happy to answer any questions/concerns if more arise.
- Alex
I agree, subscribed for the great non-bias info ❤
Thank you!
Thank you for featuring us🥰 Awesome content as usual!
Thank you 🙏
@@cyberscrilla what would happen if a hot wallet supported by keystone were to somehow crash? Would i lose my crypto?
Idk if keystone will see the comment themselves, just interested in what the answer is
@@Keags187 You would not lose your crypto. Crypto isn’t stored in your wallet, it’s stored on the blockchain.
Your wallet holds your private key which is used to access your address on the blockchain.
This is true for any self custodial wallet (hot and cold).
As long as you have your seed phrase you have access to your crypto.
- Alex
@@cyberscrilla Ok thanks for the quick reply 👍 keep up the great content, very informative video👌
Tangem 2. Not only secure but its ease of use means little chance of making a mistake. Most cryptos are lost by user mistakes not by being hacked.
THIS!! Agree with you 100%
@@cyberscrilla not tangem imo, their app is a pretty big attack vector as you don't 100% know what you're confirming your key with, while with Keystone, the most secure wallet also can view transactions.
This is what scares me the most tbh
Decent (If you know you know)
Trezor (in combination with Exodus)
Jade (Bitcoin & LBTC Only)
Great choices!
As a newcomer with limited knowledge of the industry and wallet technology, would you recommend me to buy a hardware wallet? Which one should I buy?
Tangem is by far the most user friendly in my experience. If you’re a complete beginner, that’s what I’d recommend
@@cyberscrilla thanks mate, how do you like the keystone 3 pro? it looks good with the big screen and fingerprint verification feels more safer.
@@fivestarcritic K3P is great. Ton of security features. But I don’t recommend it for beginners.
Definitely Keystone. HUGE screen and enought time for you to read all txn details to avoid human-error.
@@cyberscrillaI’m keen on both the Tangem and Keystone 3 Pro.
THIS GUY FORE A GREAT JOB BY ANSWERING ALL MESSAGES
.THAT'S UNIQUE.
Thanks!!
I really like the bcwallet and one key, and keystone , mostly because of how secure it is
Tangem is King. I am very satisfied with the product and app.
Tangem is REALLY good
I wish tandem would change that thing on the screen where they said tap the card it took me like 15 minutes to get that thing together because I was tapping they should say hold the card to the back of the phone it will not work if you tap
Just perfect! Everything works as expected, thank you so much.
I am new in crypto, and I have been studying the wallets for the last few days. Pretty much in all the hardware wallets, the private key is in the secure chip, but in order to approve the transaction, the operating system of the wallet must interact with the secure chip to process the approval, that mean the wallet os can reach the private key and I think since the OS is developed by the wallet company if they want they can see the seed phrase with the help of OS. Now, if you say it requires your approval, I mean it's not a big deal to get it, I mean, if they want, they can do a firmware update and during the process you approve the update the wallet company "if they want ofcourse" can retrieve the seed phrase. So, there is a level of trust in all wallets.
You’re right. There’s always at least some level of trust. This is why many prefer open source firmware/hardware over closed source. That way we know for sure there are no vulnerabilities or backdoors.
- Alex
@cyberscrilla thank you for the reply! So, with the open source code, the vendor can't retrieve the seed phrase from the device if they want to? If yes, could you please tell how.
@dynamicroutes all open source code does is allows anyone to view the code.
Therefore if there was some kind of backdoor that allowed the manufacturer to export your private key, the general public could see it
@@cyberscrilla 🥰
What about if you use a passphrase. The company can get that too?? Since the passphrase is saved on the device too?? Great question men
tangem 2 is simpliest, fit in regular wallet, yet secure enough, no batteries, cables, just a cell phone and internet connection what else could user need!?
By far the most user friendly wallet on the market!
@@cyberscrilla so true!
Excellent report. Personally, I avoid wallets that have a battery, since they fail sooner or later (I've had a few MP3 players and smart bracelets fail after 5 to 8 years due to the battery). I'm trying to decide between the Tangem (25+ years sounds good, plus easy to hide the backup cards) and the Trezor Safe 3 (Shamir backup & secure chip are a big plus over the Model One).
Yeah. The ellipal for example... After 2 transactions Battery dies on you . Shame
@anticharlaton5823 Thank you!
And that’s fair. Fortunately even if a wallet battery fails you can still recover your crypto using the seed phrase.
Some wallets will still continue to work even once the battery fails (just have to plug it in).
But I’m with you. Less hardware to potentially fail the better.
If you’re looking for convenience and basic security go with Tangem.
If you want additional security options and open source code, go with Trezor.
- Alex
@MS-do6ef Ouch
I've never had a cold storage wallet and I think I might go for the Tangem wallet myself.
@@Solo6R Tangem is an excellent choice if you’re new to cold wallets. 👍
Bought trezor safe 3 .. really like it ... Simple to use and straight forward. I really wish they support Solana soon
Right? Super simple. I still don’t understand why they don’t support Solana
Do you have connection with them to ask that question?
The trezor wallet model T now supports Solana as of a week ago. So the updated version should also.
@@amenlion88 this
you can connect the exodus wallet and support even more fyi
This was a great video! Some awesome wallets I did not know about. Been a Ledger lover for the past years, they have failed too many times and just picked up a Trezor Safe 3. I like the OneKey Classic and BCVAULT too they look cool! Subbed, cheers!
Thank you! You’ll like the Safe 3. Glad you’re getting away from Ledger! Enjoy!
@@cyberscrillahey man, could you explain whether the Keystone 3 pro could experience the same fate like what just happened to Ledger? Since you said in your video with Keystone we MUST connect it to hot wallet(s)
@@randyra88 what happened with ledger did not directly affect their wallets.
It affected decentralized applications. Any wallet is susceptible to that if you connect your wallet to a malicious website.
To answer your question, the hot wallet integration DOES NOT affect security of the K3P.
Your keys are still stored on the Keystone device (not in the hot wallets).
@@cyberscrilla i watched several of the videos. Seems like you wouldn't recommend Ledger, is it fair to say so?
right now I am a bit divided because on one hand Ledger has failed so many times that I want to move away from it, but it still offers the easiest way to stake Solana in my experience : it can stake Solana directly from the native app Ledger Live, without having to connect to external hot wallet.
But do you know other hardware wallet that offer this much ease in staking Solana? Much appreciated my man.
I recently returned to my ledger from my keystone even though we have all the scandals with ledger, I still feel that it's the more durable option
I dumped Ledger and Trezor, both were hacked. Bought BC Vault - My experience with BC Vault has been great
Nice!
Someone stole your funds?
This was a comment that I hoped to see. Three weeks ago, I converted BTC to ETH on my Ledger Desktop Live using their "swap" CIC function, and I definitely made sure I had followed all steps carefully as I have owning the Ledger Nano-X device for months now. I was hacked six hours later from receiving my ETH off the swap, nearly $3,000 gone. I had always been extremely careful never to expose my seed phrase, kept everything securely offline, I don't believe that I had "blind-signed" anything, and yet Ledger Support was of no use. So now, I too am shopping around for other cold wallet options and seem geared towards both Tangem and Keystone 3 Pro, before cleaning up and resetting my Ledger Nano-X device completely. I am searching for a cold wallet as a "third base" solely to send, receive and storage ---- never having it connected to any website as possible. I so am glad to had came across this video review, it gave me some ideas to consider even though I am willing to take some extra steps in the name of SECURITY!! Thanks! @cyberscrilla 😎👍
@@Barbwire710 Don''t believe each and every one.
We have BC Vault and we love it. We don’t plan to spend our Bitcoin so for us security is the most important factor.
Nice! Good choice then for sure
Great video by the way brother. Thank you for it .
Hey I appreciate that! Thanks for watching!
What are the best wallets for the as yet unreleased PI crypto.
I value your opinion. Thanxalot, Dave
Bc vault was a good wallet to me .... 2 + years and still kicking.... But i will not use it anymore. With no seed phrase you are forced to have extra device in order to get to your private keys
I have the BC vault for a few years...I found it ...BY FAR .. the easiest to use, especially as I have large hands and the other ones are infuriatingly small...but I am a little sus. on restoring using the QR code
Trezor Model T also allowed for the 25th word or the pass phrase so you can have a regular wallet with the 24 words and another wallet with the extra pass phrase.
This! 👍
So with Tangem you only use it with your phone? No laptop /web access? I’m still new to this stuff.
Tangem is a mobile only wallet.
Why is Tangem mentioned and reviewed so much lately but no one mentions Arculus anymore? Arculus was here first. Is this about hype? Or quality safety and security?
Not sure. I’ve never used arculus so I can’t comment on its quality or user experience.
Foundation Passport would have been a good one worth reviewing.
Don’t worry. I still have a bunch of individual wallet reviews coming up! These are just my 5 personal favorites
- Alex
I’ll go with the credit card one. Cheap enough, gets the job done. The other ones imo if you don’t have big big money in crypto then is just too much.
Tangem is VERY convenient and still secure 👍
Can you please always disclose where each wallet is manufactured. It’s worth considering the impact of potential bad actors if you hold substantial worth on wallets
Bad actors?
Er…. Organisations/countries that like to use technology to steal crypto etc
@cyberscrilla yes, bad coorperations who will be behind the world citizenship after the Telecom outage for the reset.
Please provide any proof that a hardware wallet company in China (like Keystone) steals crypto. You won’t find any
I just bought a safepal x1, for only 43.99 dollars. An interesting open source wallet
Nice, let me know how you like it
Nice comprehensive review.
Thanks!
in regards to the BC Vault, and that it supports any crypto imaginable that is out, can you tell me if every crypto that is out for sale has a network to transfer it on? I have noticed that some cryptos on Uphold as an example, do not have any network to transfer out on should you buy it. Are you able to buy and sell crypto on that BC Vault wallet for those situations? And yes, I have limited knowledge about this, but do want to buy a cold wallet that allows me to not only store crypto on, but also buy, sell and stake as well. Do any in this top 5 list meet those requirements? So often i hear people say that they allowed blind transactions on their device and somehow their crypto came up missing. Can you explain this in a future video as well?
Thanks and just joined your videos.
Well that's weird. He hearted your comment but didn't answer your question.
This was a loaded question I overlooked.
Definitely worth doing your own research before buying ANY wallet to answer such questions.
Thanks for sharing! How do you feel about Ledger?
I don’t recommend Ledger. There are better alternatives such as Onekey and Trezor.
@@cyberscrilla why is that? I own one but I’m thinking about switching
@MrSwaggerking13 for me, there have been too many red flags and mistakes on their end that have put their customers at risk. I talk more about it in this video:
ua-cam.com/video/YekyEj8TUAM/v-deo.htmlsi=9cbwOxb7GU25MTg8
@@cyberscrilla yup ledger rumor backdoor better buy titan
Thanks for introducing me to Tangem. I just placed my order using your link as a gesture of appreciation.
Thank you! Hope you enjoy it!
- Alex
@@cyberscrillaI just have one question which some people raise. It’s not a concern right that my cold wallet doesn’t have a screen to verify the address?
@@tihanhaider9811 this can be a concern.
But if you are using the official Tangem app, the risk of compromise is removed.
Tangem advises users to prioritize their digital hygiene by maintaining a secure device environment, running the most up-to-date version of their mobile device's OS, and downloading apps only from official sources.
The official Tangem app is open-source and its code is available on GitHub.
This means anyone can check it out and verify that there is no backdoors and vulnerabilities, if they have some basic tech-knowledge of course.
Appart from that, both Tangem app and Tangem firmware of the cards were audited by 2 most reputable audit companies - Kudelski Security and Riscure (this once was released just few days ago btw), which proves that there is no risk for attacks and backdors for Tangem Wallet.
Hey brother, thank you for this video. I'm curious your view on 2 things.
-First, I bought BC Vault a few years back after hearing glowing reviews on it. Now when I check people's top choices for wallets, NO ONE is mentioning BC Vault anymore. Your vid is the only one I can find that does. Why do you think that is? The only sense I can make is, BC Vault isn't padding people's pockets like other brands so "influencers" aren't being bought off?
-Also... Is it good to have multiple wallets for safety / redundancy? I hear some people do but no one talks about why they have multiples. If yes, should I get another BC Vault, or a different brand (like Trezor Safe 3)? Or does it even matter?
Thanks again man, subbed!
Thanks for watching!
Honestly, I think BCvault isn’t as user friendly as other wallets mainly due to its sd card/paper qr backup method which is untraditional in the hardware wallet industry.
Assuming another brand of wallet fits your needs (coin support, security, compatibility, etc) I think it’s worth trying another brand of wallet. You might like it.
And yes, it’s not a bad idea to diversify funds across various wallets.
Question about the Keystone 3.. if there is hot wallet connectivity with the device… how safe it really is?! Because metamask is known for its bad security problems… and my other question is … can we use OKX if it’s banned in our country? Thanks for those great videos!
The K3P still secures your private key and is needed to approved transactions. So it’s completely secure.
The hot wallets are only used to initiate transactions. Nothing more.
And no, if a wallet is banned in your country you can’t use it.
- Alex
@@cyberscrilla I thought because it was a web 3 wallet a could use it… ok then thanks you for you knowledge and keep the good work!
Also the bc ... The main coins are ok to manage . But if you safe erc 20 or solana ecosystem tokens then gets shitty. Balances do not show sometimes ...and transactions get stuck if you want to take coins out of the wallet
I'm confused. You stated that the One Key Classic and Touch are exactly the same, except the Touch is larger and more premium, then you said that you prefer the Classic because it secures your crypto. That statement makes it sound like the Touch does not. I can no longer trust that review.
You misunderstood me. They function the same & have the same security. Obviously they look different (screen vs touch).
What I said is I prefer a wallet that simply secures my crypto (which they both do), BUT I don’t need the fancier version to do the same job as the more affordable option
You helped me so much. Thank you 😘
Thanks for watching!
Hello, as a new crypto person. I previously bought , (SecuX Neo X) wallet but it supports very limited Crypto and not XRP. Which wallet is best supporting XRP please?
Between two of wallet you mentioned, (OneKey Pro Crypto), & (Keystone) which one is better please?
I’d go Keystone 3 Pro over OneKey. But I’d say Tangem over Keystone for a majority of people. Especially if you’re new to crypto. And yes, Tangem supports XRP.
Here’s my most up to date Tangem wallet review: Tangem Wallet Review - 1 Year Later…
ua-cam.com/video/bPZpzjJl3ts/v-deo.html
Awesome video. Thanks brother.
Thanks for watching!
You remind me of someone that used to work at a company near Houston, Texas called GB BioSciences.
I’ve been to Texas once. Never worked there though 😆
Hi cyber, I’m curious. Were you sponsored some wallets in the video or was this all purchased on your own unbiased? Thanks
All my reviews are unbiased and my own. I can say whatever I want about any wallet as I am not “sponsored” by anyone.
I receive most the wallets I review for free. But again, these are my own thoughts and opinions and my HONEST list of the best cold wallets
I put A LOT of thought into this list I made. I’ve been thinking about it for months actually.
- Alex
hello, first i want to thank you for the video, it's quite useful. I am a newbie here, I am thinking of having only BTC mostly for storage. Which wallet do you recommend? I know you mention it's complicated, but I am somehow leaning toward BCVault
If you’re a newbie I’d recommend the Trezor Safe 3. You can download the Bitcoin-only firmware on the device offered directly from Trezor.
The reason I recommend the safe 3 is because it’s very user friendly.
BCVault is good, but a bit more complicated
- Alex
I have the BC Vault which I bought back in 2020 and I've been happy with it every since. I like the feature where you can sell your crypto from your wallet instead of sending the coins to the exchange and than sell it.
Great feedback! Thanks for sharing your experience Marcus
In tangem have this feature?
@@cyberscrilla in tengem have this feature?
Yes, Tangem allows you to sell certain coins and tokens directly in the wallet
@@cyberscrilla one more question, I m frm India so can I buy tengem from Canada or other country through my friend? Means any issue at the airport with this card?
Ellipal too... I had many erc 20 tokens stuck because transaction failures and is hard to fix and eats your eth away. Same thing in bc vault.
Wonder why transactions would get stuck? I’d imagine this would be a blockchain issue not specifically wallet related?
Junky Chinese… stuck sending out? I use Eli and Ledger……😅😅😅
Throw that Ledger wallet away 😂
Wow got the gunmetal limited edition bcvault from your link! Sweet deal!
Gunmetal is awesome! Thanks for your support
Hi, I really pray you see this and reply. Please which cold wallet is the best when it comes to saving of USDT ONLY amongst others regardless of the price.
Hey Janet. Best is subjective.
What are you looking for in a wallet exactly?
Personally, I believe security and user-friendliness are the two most important factors when choosing a hardware wallet.
Also, which network is the USDT on that you want to store?
It’s important to confirm the wallet you buy supports the network you use.
Personally I’d use Trezor Safe 3. OR if you’re completely new to wallets and aren’t super tech savvy, I’d go with Tangem.
Happy to help if you have any more questions.
- Alex
18:42 Well said, man. I don't understand why people are concerned about how it is made in China when your social media is actually collecting your info anyway. That kind of thinking really needs to stop. After checking out your review, I'm locked down to either Tangem or Keystone Pro 3. I'm more geared towards the latter atm. I do prefer the Tangem having its own app though. Once again, thank you for such a great review!
Thanks you. And seriously! As for Tangem vs Trezor. They both have their own app. It’s just a matter of mobile vs desktop.
Here are some things to consider:
- Tangem is more convenient
- It’s firmware is closed source
- Trezor isn’t as convenient (but it’s still beginner friendly)
- it’s 100% open source
Actually, I have a video directly comparing the two if you haven’t already seen it.
Tangem vs Trezor Safe 3: Budget Wallet Battle:
ua-cam.com/video/hze0KBikWG0/v-deo.htmlsi=tsJNdmB3zQ-cxLk6
Holler if you have any questions.
- Alex
Best review!!! Bravo!
Thank you for watching!
Great content. Thank you.
Thank YOU for watching!
Im new to all these crypto stuff but your videos sure did enlighten me. Just wanted ur take between tangem and the trezor safe 3. Which is best of these 2 cus i cant decide. Thanks alot
Thanks! And it’s hard to say because best is subjective depending on your needs and experience.
Tangem is more user-friendly and supports more tokens. But it is a mobile-only wallet and offers less security feature than the Safe 3.
The safe 3 is mainly a desktop wallet, but it’s still fairly easy to use. But it supports less networks/tokens.
I use my Tangem wallet more often.
But, the Safe 3 is one of my go-to wallets for holding my long term investments I don’t access as much.
@@cyberscrilla Thanks. will be getting both of them to diversify my funds. Wish u success in it future videos and u also earned a new subscriber 👍
Hi there
I just want to store Usdt erc20/trc20
I am very new in this field
Kindly advise which cold wallet to purchase
Thanking you
@Dxrkmo0nYT If all you want to do is store and maybe swap USDT ERC20/TRC20 from time to time AND you’re new to cold wallet, I can’t recommend Tangem enough. It’s one of my favorite wallets.
I have an entire playlist dedicated to Tangem that will answer any questions you might have as well:
ua-cam.com/play/PLcf_x896LiWOpSgmaY3IRrg8IxVPpXzbo.html&si=vL73o8Zo1FbiCPDX
I've been investing in crypto for about 3 years now.. I have never used a crypto wallet before, which of these wallets would you recommend for me?
I’d say Tangem or the Onekey Classic since they are the most user friendly
@@cyberscrilla thank you, that One Key Classic was my first choice!!
@@ofinnieBe sure to check the assets they support.
@@mariexichen1136will do, thank you.
It's either Tangem or BCVAULT: I might get both. 😊
Two completely different wallets for sure
@@cyberscrillaI think BCVAULT will be my first choice.
I’m leavening that cold storage that supports altcoins are less safe- yet tangem is so easy to use…
No, they are not less safe.
Quick question. If I open a new wallet and it comes with bitcoins in it, that means i have successfully mined bitcoins right? They are mine?
No. Unless you have the keys to manage it and do whatever you want, it’s not your crypto.
@@cyberscrilla okay. So it is mine. That's pretty cool. I wonder how often that happens.
Multisig (2/3 or 3/5) + Airgapped hardware wallet (Coldcard, Jade,...) what I would recommend to secure.
Those are great wallets. But they are bitcoin-only
@@cyberscrilla That's correct, offcourse if you own altcoins then they should use the recommend devices from your video.
@@TheParaSIET100% thanks for the recommendations 👍
i owned OneKey hardware wallet, and it seems the Dekstop apps is laggy. should i buy trezor model 3 or bcvault ?
It could be a computer issue or maybe you need to update the app? I haven’t experienced that personally.
Safe 3 and BCVault are two COMPLETELY different wallets.
I only recommend BCVAULT for advanced users.
Safe 3 is more user friendly in my experience
- Alex
Just used your code for a Safe 3 :]
I knew there had to be a coupon out there even though Trezor says there are non on Twitter lol
😂 thanks! They have a weird policy about sharing codes. I can only share it in the actual video and comments section.
I also bought keystone pro .to give it a chance to interact with defi.... Lets see that super security.
It’s a vault for sure!
I'm new to this. My brain exploded. 🤯
Happy to help if you have any questions.
Best, safest American made Cold Wallet with multi coins connections like SOL? Thanks for your helpful videos
The only wallet I know of that’s made in the US is Arculus. I’m not a huge fan of them.
I’d much rather use Tangem or even Onekey myself. Ton of token support including SOL
@@cyberscrilla thnx, Keystone is working on bringing Phanton wallet integration, they told me phantom are the ones not being cooperative... thank you!
Hai bro ,am planning for Long term hold of my cryptos ,which one would u recommend - Safepal x1 Or Tangem or Trezor 3 ?
What’s your experience level?
If beginner, id go Tangem or Ledger Flex.
Otherwise, the Trezor Safe 3 is a solid option.
Also, what coins are you planning to hold longterm? Make sure the wallet you buy supports those tokens.
@@cyberscrilla 3 years in crypto
@@cyberscrilla 3 Years in Crypto
@@cyberscrilla 3 years in crypto
@@cyberscrilla 3 years in crypto
great video, do you know if these interact well with metamask for storing nft's and gaming crypto coins?
All of them except Tangem and BCVault connect with metamask and can store NFTs and all erc-20 tokens
I really like the security of the bc vault, I currently have xumm tangem cards for xrp and they work great but looking to get another device other than ellipal or ledger!
I’d recommend Trezor for sure!
ledger just got compromised again! 12/14/23, Time to switch.
It was time to switch a long time ago 😂
Brother. Something that has nothing to do with wallets. How is the pond DEX doing?? Can we have follow up video ? Tks men
I’ll make a video when there’s something to talk about besides speculation.
I’ve been accumulating more during these dips personally. A lot more.
Don’t worry I’ll keep everyone posted as more official developments are released
I have been buying BTC through PayPal. I am just learning about these "cold wallets". Once I get a wallet is there a way to get my BTC off PayPal and on to my cold wallet? Thanks! Also, I am gathering by the comments that I should stay away fro Ledger . . . am I reading that right? Thanks again.
Please get your BTC off PayPal asap!
You can do so by following their steps:
1. Go to the Finances tab.
2. Tap your crypto balance.
3. Tap the transfer arrows.
4. Tap Send.
5. Select the contact you want to send crypto to.
6. You'll need to enter an external crypto address if you want to transfer cryptocurrency out of your account (your wallet’s public BTC address)
And correct, stay away from Ledger. For Bitcoin is probably go with Trezor considering it’s your first wallet.
@@cyberscrilla Thank you for responding. I will get the Trezor 3.
Enjoy!
- Alex
Great video im new to crypto and have learned quite a lot from your videos
Glad to hear that. Thank you for watching!
is the Tangem Wallet compatible with Handshake (HNS)
Yes it is
Any wallet that isn't HD is garbage, getting a new receive address for every transaction is a must for privacy.
So you don’t like BCVault 😆
What is "open source", and why should I be concerned about it?
With closed source / not verifiable apps you put trust again on someone else, you don't keep it yourself as a proper cold wallet should do... You should highlight more this feature...
You’re always trusting someone unless you yourself are a developer and can read code.
Open source? Great. Can you read code and confirm it’s safe? No? Then you’re trusting someone else to confirm that for you.
Many of these wallets have been audited by third party security companies. Also, many of them are majority open source anyways.
can you do a video on top 5 crypto exchanges to buy and sell crypto? thanks.
I’ll see what I can do!
Good evening , Sir Have you ever learned about the ARCULUS wallet, seems to me has design and features similar to Tangem. Let us know y\
Never used it. I like Tangem
I am planning to store them on a cold wallet..but how long does it take to transfer coins from the cold wallet back into an exchange if I want to sell them urgently, owing to a sudden short lived spike? Is it possible for the transfer to take long and can we possibly lose money if the spike is short lived? and we can't get the coins on exchange before time
Crypto transfers occur in a matter of seconds in most cases. And you don’t have to get tokens on an exchange to take profit. You can use use a DEX to convert to a stable coin, then transfer whenever you want
How important is the safety of your phone- and /or laptop? I keep things updated but still someone hacked my SIM card .
I think you answered this question yourself. Very important
It's not just about the quality of chinese products it's more about giving money to china as nowadays the Chinese commonest party is very controversial. It could also be said if you buy something that was made in Russia. Although it seems that Russia might not be the big bad guy that everyone thinks they are.
Tangem has crazy user agreement.
Not sure what crazy means. But all wallets have extensive user agreements.
If you choose the option to not use a seed phrase how would tangem replace you cards and allow you access if they break?
Tangem nor anyone else would be able to give you access to your crypto. They could simply provide you with new cards.
Tangem recommends transferring assets to a new wallet if you only have 1 card left for example.
Personally, i recommend always choosing the seed phrase option so you don’t have to worry so much about losing access to crypto
I saw that BC Vault has 14 day return policy. I’m worried that I might get someone else’s returned/tampered wallet.
What are your thoughts?
@@TycoPrado Not going to happen.
Plus, you can verify authenticity during the setup.
Tangem should make a card scanner that is PC compatible?
Maybe. There’s wallets that have that. Illl be dropping a review of a wallet that has exactly what you’re talking about soon
So like, what do you think of the old fashioned paper wallet???
They are outdated, support minimal currencies, less convenient, and can easily be destroyed.
IMO
What’s a better hardware wallet; keystone 3 pro or Trezor Model T?
Depends on your wants.
Trezor Safe 3 is more user friendly (and plenty secure).
Keystone 3 Pro is less user friendly but offers more security features if you want those (3 secure elements, air gap mode etc)
Both are secure options though.
- Alex
I've got a phone that is 2 yrs old is a Samsung. It doesn't say it has NFC but does have Quick Share. Is that compatible with Tangem?
Quick Share is not NFC. You need an NFC compatible phone for Tangem. If you have a desktop computer I suggest you check out Cypherock. Similar to Tangem but comes with its own NFC compatible device.
Here’s my review:
ua-cam.com/video/KiHZIrG4bdk/v-deo.htmlsi=HfjGB7_eEF1j0g_E
@@cyberscrilla thank you! LOVE YOUR VIDEOS,!
Thank you for watching!
- Alex
Should I have a VPN for my phone to keep it extra safe?
Up to you. I’d research best security practices for phones. Also, this video might help a bit:
ua-cam.com/video/QdHRELwzCAk/v-deo.htmlsi=qBoU_VtusGBA3omk
Hey Buddy, thanks for greqt videl. Is VC vault open source by the way?
Thanks for watching!! And BC Vault is not open source! Great question I forgot to cover that
- Alex
@@cyberscrilla Was actually Interested in buying one, but Not open source, No transparent...
Thanks for your quick reply 😉
@@palogom4596 You got it :) Id recommend the Keystone 3 Pro if you want a completely open source option with ample security features.
- Alex
Which wallets are from outside EU since new regulation is on the way through May kyc will be part of new updates looking for alternatives from outside
Are you asking which wallets are NOT manufactured in EU?
@@cyberscrilla exactly i just bought a keystone through your link thank you very much for this content.
i like my onekey classic for size and price
Yes, the Onekey Classic is… well, Classic!
What do you think about DWAC?
I don’t know what that is
What's the difference between the Keystone Pro and Keystone 3 Pro?
I have the Keystone Pro, which I bought 3 years ago.
Keystone 3 Pro has an internal battery.
It also has 3 secure elements (Pro has 1). And the 3 Pro supports using 3 seed phrases on one device.
And the 3 Pro has the first PCI Level anti tamper mechanism.
But if you’re happy with the old Pro, it’s still completely safe to use.
@cyberscrilla So do you think the Pro 1 is risky to hold my coins long term? I've kept my BTC and ETH in there for 3 years. I haven't even checked to see if they're still in there for over a year lol
thank you for sharing
Thanks for watching!
Not new to tech, but new to crypto. I have the Tangem wallet and am getting ready to set it up. Please someone help me out with my question. If I have a Tangem wallet is there any need to having to have Coinbase or any other exchange? IOW, can I do everything from the wallet and the app without having to use an exchange? And if that's true that Tangem takes care of everything, is there any need to back it up OTHER THAN to the other tangem cards? How often do back up to the other tangem cards?
Yes, I would still keep an exchange handy (but get off Coinbase they are trash).
Reason being is that Tangem doesn’t support buying, selling, and swapping every token.
So you may still need to use an exchange to buy or sell certain tokens.
As for backups, if you don’t setup the wallet using a seed phrase, you can only have a total of 3 backups (3 cards).
Meaning, if you lose or damage all 3 cards (unlikely but possible) you would lose all your crypto if you didn’t first transfer it to another wallet or exchange before losing your last card.
This is why I prefer setting it up with a seed phrase. You can create as many copies of your phrase as you want and you aren’t reliant on the cards.
So even if you lose all your cards but still have your seed phrase, you could buy more cards or even another brand hardware wallet, import your seed phrase, and regain access to your crypto.
@@cyberscrilla thank you so much, I really appreciate the info!
If not coinbase, which exchanges do you suggest?
I am a total newbie and own no crypto, i decided a good idea to buy some bitcoin when it was $8,000+ but had no wallet or idea how to buy any, so your video is awesome, and I will buy a Trezor for my cold wallet now. Q can you buy Tangem wallet and use it as your daily transaction hot wallet in a store accepting bitcoin as payments ( thinking of future), and Trezor as your storage hot wallet? Your video includes Tangem as 1 of 5 best cold wallets. Sorry if this is a dumb question…
Thanks for watching. A couple things.
1. You should have one main wallet to use for cold storage. This wallet should never be used to connect to anything like dapps.
Only hold, send, and receive crypto in it. Trezor would work great for this.
2. Have a separate burner wallet you use to interact online (this could be a hot or cold wallet) that doesn’t have a lot of your crypto stored on it. Just whatever you need to transact.
3. Tangem can’t be used to buy stuff at a store. They have partnered with Visa to release such a wallet, but it won’t come out until 2025 (maybe).
I suggest watching this video that helps explain how to properly store your crypto.
ua-cam.com/video/fnGT4U0cQ80/v-deo.htmlsi=zt5y_PXOxpt6VfuP
- Alex
@@cyberscrilla
Thank you for your reply and the link!
What burner wallets do you recommend?
@@tomhouston7863 Any wallet can be a burned wallet. Depends what coins you hold 👍
I see you did not cover ellipal. Why it was not a top 5? Just curious
Because I feel the ones I covered are better. Simple as that tbh
@@MS-do6ef 🫡
Regarding a Ledger wallet, I know you didn’t mention it on the list, but what is the consensus on the security of that brand?
Back when I made this video, I wasn’t recommending Ledger because of various concerns. However, after some research, I came to my own conclusion that these weren’t so much concerns as it was misinformation.
I just posted a video covering these concerns and the truth if you’re interested:
ua-cam.com/video/gQB0by9NDh8/v-deo.htmlsi=pjHGHNG0ov2w3TJ7
@@cyberscrilla Thanks, I haven’t been on the channel yet but I’m watching it now. Also thanks for such a quick response you earned a new sub!
Awesome! Let me know if you have any questions. Happy to help
Guys, what's the best exchange to start with 4 beginners if you live in the US just to buy bitcoin?
I don’t know what the best one is. I’ve had minimal issues using Kraken myself and I’m in the US
My number one pick of my top 20 is BitBox
Nice! You’ve tested 20 wallets? Impressive!
Why is it your favorite?
Has BTC only option - ease of use - dual chip secure - great team - open source - long track record
@southbayproducts5371 👍 solid
lol@@cyberscrilla
Hello, do you recomend to buy Trezor One if i have no budget for model T or 3 ? Thanks
Trezor one is good but it does lack some key features the Safe 3 offers (secure element chip and the ability to enter your passphrase on the device)
The Safe 3 is only $10 more than the Model One though. If you use our discount code “CYBERSCRILLA” you’ll get 8% off too.
Otherwise, Model One is great
- Alex
@@cyberscrilla thank you for your answer, i appreciate it 👏🏽🙏🏽
@@CryptoCroko you’re welcome, thanks for watching the video!
- Alex
Wait.. What's so bad about Ledger? I'm reading the comments here but I've been using mine for years without any problems?
Nothing is bad about Ledger. Just a lot of misconceptions regarding Ledger Recover.
So no Ledger at all? I have Nano X and I'm kinda worried recently, hearing about all kinds of problems.
No ledger for me.
@rockysivilay the main issue is they lied about being able to extract the seed phrase. And since they are closed source, it’s a risk trusting anything they say now.
Idk what you mean.
I think most people ignore the fact that if the country you live in make it illegal to hold crypto that the ledger company will seize your assets!!!