The Safest Way To Store Bitcoin (Step By Step)

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  • Опубліковано 4 жов 2024
  • Best way to keep your Bitcoin and cryptocurrency safe
    ► Where I Buy Bitcoin: gemini.sjv.io/...
    ► The Ledger Nano X: shop.ledger.co...
    ► My Stock Portfolio + Stock Tracker: / andreijikh
    ► Deposit $100 and get 2 stocks valued up to $1600): act.webull.com...
    ► ROBINHOOD (Get 1 Stock When You Sign Up): robinhood.c3me...
    ► Open A Roth IRA: m1finance.8bxp...
    ► Follow Me On Instagram: / andreijikh
    My PO Box:
    Andrei Jikh
    4132 S. Rainbow Blvd # 270
    Las Vegas, NV 89103
    I was not sponsored or paid to make this video. Someone sent me the Ledger Nano X device. It happens to be one of the best and safest places to store your cryptocurrency. Today I want to show you the private key process, something I've never seen anyone do before - step by step.
    One of my favorite things about the Ledger device is that it doesn’t actually store our crypto on the device itself. Instead, it speaks to the blockchains of all the different cryptocurrencies. If you ever wanted to receive Bitcoin, send it across the world, or if you want to send your crypto to an exchange like Coinbase or Gemini safely - you need something like this as well. Even if you were to lose the device, or if someone stole it, or even if someone were to destroy it - you could still recover your crypto as long as you have your private key which is what I want to show you.
    STEP 1 (The Setup)
    Download the Ledger Live app from the play store or Apple iOS store, the set up is the same. Once you opened your Ledger, it's pretty intuitive with how it works: it has two circular buttons. Pressing one on either side will navigate the menu left or right. By pressing both, you will confirm your selection. First you have to set up an 8 digit pin, whenever the Ledger goes idle, it will ask you to re-enter the pin so make sure you don't forget what your pin code is. It will then ask you to re confirm it.
    STEP 2 (The Secret Key)
    The next step to keeping your crypto safe is to write down your secret key phrases. There will be 24 words that are shown on the screen of the device. You have to write each of them down on the provided piece of paper in the order you see them. Make sure you do NOT take a picture of them on your phone, and do NOT upload them online. These phrases must be kept secret and offline - otherwise your device is 100% compromised. After you've written them down, it will then ask to confirm the words for each slot.
    STEP 3 (Pair The Device)
    The next step is to pair your Ledger Nano X device with your smartphone. It will automatically guide you through the simple process, make sure bluetooth and Wi-Fi are enabled. This will take a few seconds. Once the device is paired to your phone, time for the next step.
    STEP 4 (Download Crypto Apps)
    Once the two are paired, you have to download the apps of the cryptocurrencies you want to use. There are many to choose from but the setup process is the same for all of them. I personally stick to Bitcoin and Ethereum at this point in time. If you go to your Ledger Live app on your phone, under the "Accounts" tab, you'll see a plus icon, click on that and you'll see the list of all the crypto coin apps you can download. Once you download the app, you need to synchronize the accounts. For Bitcoin, you may see multiple accounts. I personally stick with "Native Segwit" because it's the slightly cheaper network of the two. There's also just "Segwit". They both work equally well, but the native option is cheaper.
    STEP 5 (Transfer Your Bitcoin)
    Now it's time to finally transfer your Bitcoin, Ethereum, Dogecoin, Cardano, Polkadot (you name it) from your online wallets/brokerages like Gemini or Coinbase, and into the hardware wallet. If you click the Transfer Tab, Receive, Bitcoin Native Segwit - it will show you a wallet address you can copy. Make sure you click "copy address" and you don't manually put the information yourself otherwise you risk making an error. This address will then be used to withdraw your cryptocurrencies from your online wallets. The process is exactly the same but reversed if you want to send your cryptocurrency from your Ledger Nano X back to the brokerages (if you ever wanted to sell your crypto).
    If you want to check the status of your transaction, you can go to blockchain.com/explorer and copy/paste your hash address to see the status of your transaction. Stay safe!
    *None of this is meant to be construed as investment advice, it's for entertainment purposes only. Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.

КОМЕНТАРІ • 3,8 тис.

  • @GrahamStephan
    @GrahamStephan 3 роки тому +2089

    Wait so I shouldn’t just keep all $10 million BTC on Robinhood?

  • @AntonioCosme-w8g
    @AntonioCosme-w8g 10 місяців тому +33

    Block Fi didn’t aged well

  • @alecweber2823
    @alecweber2823 Рік тому +11

    The blockfi thing didn’t really pan out

  • @SphenicFN
    @SphenicFN 3 роки тому +384

    He really just transferrd a whole bitcoin over like it's nothing.

    • @Max-pr1ii
      @Max-pr1ii 3 роки тому +37

      Fake news

    • @rtvgr
      @rtvgr 3 роки тому +8

      Didn't you know this is a reupload from 2011?

    • @af6727
      @af6727 3 роки тому +2

      He didn't, He would need to do some KYC that Blockfi is requiring, my guess is that he would not do it and the withdraw will automatically get canceled.

    • @clutester
      @clutester 3 роки тому +17

      Cost $130 transfer fee one way as well. ::puke::

    • @missionpupa
      @missionpupa 3 роки тому

      I want a bank to confirm it for u buddy?

  • @TheWealthPrince
    @TheWealthPrince 3 роки тому +481

    I pray whoever is reading this makes CRAZY crypto gains throughout 2021! 🔥

  • @joevaatuitui7888
    @joevaatuitui7888 3 роки тому +56

    *I DON'T KNOW WHO NEEDS TO THIS, YOU'VE GOT TO STOP SAVING MONEY TO BUY LUXURIOUS AND EXOTIC CARS, INVEST YOUR MONEY WISELY TO GET RICHER, BUY CRYPTOCURRENCIES, STOCKS AND SO MANY OTHERS IF YOU REALLY WANT FINANCIAL SUCCESS.*

    • @stefandeverji5960
      @stefandeverji5960 3 роки тому

      You're right ma,

    • @stefandeverji5960
      @stefandeverji5960 3 роки тому

      that's why I have to start forex trading 2months ago, now am making constant profit from it .

    • @benjaminkatherine1153
      @benjaminkatherine1153 3 роки тому

      Natural, there’s a lot of math involved in forex trading,

    • @benjaminkatherine1153
      @benjaminkatherine1153 3 роки тому

      but this is often presented in forms of daunting technical charts, indicators, patterns.

    • @jeffkrom7569
      @jeffkrom7569 3 роки тому

      Trading systems allow you to limit the factor of emotional influence on decision-making,

  • @lukebradbury4510
    @lukebradbury4510 3 роки тому +74

    His unboxing scene was way cooler than most of the unboxing tech channels I watch

  • @sterwattson1475
    @sterwattson1475 3 роки тому +3

    I’m not really interested in storing bitcoins, I’m just here for the magic.

  • @johnwright5649
    @johnwright5649 3 роки тому +88

    *The wisest thing that should be on every wise individual's list is to invest in different stream of income and don't depend on the government to bring in money especially now the pandemic is hitting the economy*

    • @joyokoroeke8737
      @joyokoroeke8737 3 роки тому +25

      You're absolutely right about that 👍

    • @vivianpaul7269
      @vivianpaul7269 3 роки тому +12

      Investments are the stepping Stones to success especially if you been guided by a professional

    • @mariahenry4026
      @mariahenry4026 3 роки тому +11

      Investment is good but investing in the right thing is the actual key to success

    • @huntereli5146
      @huntereli5146 3 роки тому +7

      There are so many investment out there but if profits must be considered then not all investments are good to go into.

    • @nolannicholas793
      @nolannicholas793 3 роки тому +4

      That's correct the right choice of investment has always been a big problem for me because picking up the wrong investment will leave a big scar in the future.

  • @reconvene4
    @reconvene4 3 роки тому +75

    First secure the bag and then secure your bitcoin😤

  • @Mvphan_
    @Mvphan_ 3 роки тому +113

    Many may not appreciate it but Andrei has the best cinematography transitions out of all the finance UA-camrs

    • @tanyahutchins3253
      @tanyahutchins3253 3 роки тому

      Thanks for commenting Text me on what'sapp let's go on a trading session together and make huge profits

    • @tanyahutchins3253
      @tanyahutchins3253 3 роки тому +1

      + 1 ( 6 0 2 ) 5 2 9 - 1 1 9 3

    • @oahola237
      @oahola237 3 роки тому +1

      Maybe so but the message conveyed in this video is highly incomplete. I could care less about the editing.

  • @everettcelina2645
    @everettcelina2645 3 роки тому +70

    Thanks for the information, Investing in dodge and cryptocurrency is the best form of investment anyone could carry out now. Sometimes few month I reluctantly investing in dodge as directing by my broker and now I have made so much profit just from today market boast

    • @camilladown9418
      @camilladown9418 3 роки тому +1

      I think now its the perfect time to take advantage of this crypto unlike Bitcoin, I really did learn my lesson from not investing on time .. how reliable is ur investment adviser ?

    • @kidsfirsthamburg
      @kidsfirsthamburg 3 роки тому

      musk predicted and it went crazy wow

    • @TheCamGabriel
      @TheCamGabriel 3 роки тому

      hilarious how profits were made world wild in few days

    • @britneystuart7878
      @britneystuart7878 3 роки тому

      great idea thanks

  • @DiscoverCrypto_
    @DiscoverCrypto_ 3 роки тому +505

    Why aren’t you on my show yet?

  • @RaulCastillo-so8xs
    @RaulCastillo-so8xs 3 роки тому +57

    This video comes from the heart. Not many will go into depth like this for such simple explanations.

    • @dixztube
      @dixztube Рік тому +1

      boy you need to research this yourself or from legit folks

    • @hasandoganmeric2042
      @hasandoganmeric2042 Рік тому

      How much did you lose?

  • @bawsaqinc.5082
    @bawsaqinc.5082 Рік тому +41

    BlockFi... That aged like fine milk

    • @danielbenz2077
      @danielbenz2077 Рік тому +3

      I guess he cant delete the video because of the money he received from nano ledger.

    • @danielbenz2077
      @danielbenz2077 Рік тому +1

      @Seth Oden :D

    • @losmi1111
      @losmi1111 Рік тому

      Ledger… That aged like fine milk

  • @ChickFilA_Sauce
    @ChickFilA_Sauce 3 роки тому +28

    Andrei could you do a deeper dive of the risks of blockfi?

    • @thomaskralow6171
      @thomaskralow6171 3 роки тому

      Appreciate your review... Bitcoin trading is the order of the day, you can make millions of dollars through bitcoin trading with a good broker/trader

    • @thomaskralow6171
      @thomaskralow6171 3 роки тому

      +1 5 1 2 2 7 3 7 0 7 3

    • @Vassimau
      @Vassimau 3 роки тому +1

      thats a bot btw

  • @kikinasution4571
    @kikinasution4571 3 роки тому +147

    Success is about focusing Your energy on what creates results and using what you already know

    • @veronicadonati3550
      @veronicadonati3550 3 роки тому

      I pray whoever reads this should become successful. keep l for success. the rich stay rich by spending like the poor and investing why the poor stay poor and be spending like the rich yet not investing. Roar! Invest earn and be successful.

    • @claradumas9938
      @claradumas9938 3 роки тому

      Assets that can make you rich!

    • @claradumas9938
      @claradumas9938 3 роки тому

      I.Crypto

    • @claradumas9938
      @claradumas9938 3 роки тому

      2.Stocks

    • @claradumas9938
      @claradumas9938 3 роки тому

      3.Shores

  • @johnsonpaul9350
    @johnsonpaul9350 3 роки тому +5

    I'm new to Bitcoin, Ethereum, Forex and would like to invest but I've got no idea on how to make good profit. Pls what's the best approach you'd recommend?

    • @joelken3952
      @joelken3952 3 роки тому

      Most time having knowledge or insight about a particular activity can as well be a pleasing exercise. I can boldly say that forex and crypto trading is one of the profitable money exchange services that elevates investors and their financial status

    • @Carmerafe
      @Carmerafe 3 роки тому

      Get safemoon

  • @Aphrx
    @Aphrx 3 роки тому +135

    I love that I was literally searching about this topic as I get notified about this video

    • @steep9695
      @steep9695 3 роки тому +2

      Damn

    • @AndreiJikh
      @AndreiJikh  3 роки тому +30

      DUDE, read your mind haha, I'm right outside your window...

    • @therenzix
      @therenzix 3 роки тому +1

      Literally same, I think it's because of Kevin's video. Maybe y'all should try promoting each other's videos to see if it's a net benefit?

    • @steep9695
      @steep9695 3 роки тому +7

      lol the bots here too

    • @MiguelRodriguez-wy2ge
      @MiguelRodriguez-wy2ge 3 роки тому

      Hahaha dude same

  • @Interartmusic
    @Interartmusic Рік тому +16

    Great info, although it makes me realize the main problem with widespread adoption, it's too difficult for non-tech people.

    • @andreiwhatsapp873
      @andreiwhatsapp873 Рік тому

      👆ʜᴇʏ ᴍᴀᴛᴇ
      Tʜᴀɴᴋꜱ Fᴏʀ Wᴀᴛᴄʜɪɴɢ Mꜱɢ ᴍᴇ Dᴇᴄɪᴅᴇ ʜᴀᴠᴇ Sᴏᴍᴇᴛʜɪɴɢ Tᴏ Sʜᴀʀᴇ Wɪᴛʜ Yᴏᴜ 👆👆✍️.

  • @rolandbarreton9490
    @rolandbarreton9490 3 роки тому +10

    Bitcoin is the feature, investing in it now is the best thing to do especially this bonuse season and the current rise.
    Despite all the economic crisis this is the right time to start up an investment.

    • @brandoneric133
      @brandoneric133 3 роки тому

      See, Stocks are good but crypto is more profitable.

    • @ethanandrew5400
      @ethanandrew5400 3 роки тому

      I wanted to trade crypto but got confused by the fluctuations in price.

    • @wernersmith1500
      @wernersmith1500 3 роки тому

      I heard that his strategies are really good.

    • @yasminbenny4342
      @yasminbenny4342 3 роки тому

      Yeah, my first Investment with Mr Justin earned me profits of over $20,320 US dollars and ever since
      then he has Been delivering.

    • @ellieviolet2767
      @ellieviolet2767 3 роки тому

      +1 8_0_4-4_7_6-2_9_3_2

  • @chad6083
    @chad6083 3 роки тому +78

    Forget finance, you need to start a separate youtube channel just for unboxing! That was too smooth and satisfying!!

    • @AndreiJikh
      @AndreiJikh  3 роки тому +6

      haha thanks Chad!

    • @dejviddejvich573
      @dejviddejvich573 3 роки тому

      And took a while 😁

    • @747Durango
      @747Durango 2 роки тому

      I was mesmerized by the grace and dexterity of that unboxing.

  • @Mayomoz11
    @Mayomoz11 3 роки тому +60

    Shout out to other left handed people, like our man Andrei. I know that shouldn't make me this happy, but it does

  • @janejackson6438
    @janejackson6438 2 роки тому +4

    DESPITE THE ECONOMIC CRISIS,THIS IS STILL A GOOD TIME TO INVEST IN STOCK AND CRYPTO,

    • @melissabrockman6397
      @melissabrockman6397 2 роки тому

      Making money is the plan and with Bitcoin your plans can be accomplish,

    • @melissabrockman6397
      @melissabrockman6397 2 роки тому

      I really appreciate Mr Sam Justin influence during this global pandemic lock down,

    • @melissabrockman6397
      @melissabrockman6397 2 роки тому

      I started with 7000usd then increased to 13000usd after receiving my profit,

  • @Daniel_Braun
    @Daniel_Braun 3 роки тому +29

    Trying to explain Bitcoin feels like that scene in Its Always Sunny in Philadelphia where Charlie goes off about Pepe Silvia

  • @foundationalfinance5604
    @foundationalfinance5604 3 роки тому +42

    Gonna need space lasers for when its on the moon.

    • @AndreiJikh
      @AndreiJikh  3 роки тому +9

      ELON!! where ya at??

    • @Adam-qs5ir
      @Adam-qs5ir 3 роки тому +6

      Ha! The scammers even posted directly underneath your comment. Bots bots bots

  • @marcovangelder1937
    @marcovangelder1937 Рік тому +4

    Blockfi seems like a piramide scam, but it's not. It's a legit company? Wow, this aged well... 🤣

  • @SelfMadeWealth
    @SelfMadeWealth 3 роки тому +27

    We should study bitcoin instead of what we learn in college

    • @hoof2k
      @hoof2k 3 роки тому +3

      You should do both. Becoming a good trader is also about understanding life in general. The best traders are deep into everything from philosophy to finance.

    • @martinlutherkingjr.5582
      @martinlutherkingjr.5582 3 роки тому

      MIT has a course on blockchain

  • @Ledger
    @Ledger 3 роки тому +31

    That was solid! Thanks for creating and sharing this video and showing everyone just how easy it is to store your crypto in the safest possible way.
    PS: Don't worry, that pimple did not distract from anything at all. That was literally one of the most beautiful unboxings we've ever seen.

    • @jon-off
      @jon-off 3 роки тому +4

      So you weren't the gifters of Andrei's ledger? 🧐 Scammers already found his mailbox.

  • @spx730
    @spx730 Рік тому +3

    11:50 this hits different now, huh

  • @michaell1744
    @michaell1744 3 роки тому +4

    Keeping your seed phrases secret and secure is where this process starts to lose me. I've heard of the stamping kits. But even with those, where do you store the stamped list? Your desk? A lockbox? A safe? The bank? Buried in your backyard? I imagine these logistics are similar for people storing valuable metals or jewelry. A video on this would be useful

  • @dprdnprs
    @dprdnprs 3 роки тому +13

    That unboxing edit is so satisfying!

    • @emperor878
      @emperor878 3 роки тому

      Yah i think he should start and unboxing channel

  • @CQLLIN
    @CQLLIN Рік тому +2

    CAN YOU DO AN UPDATED VIDEO? I PURCHASED A LEDGER NANO X BECAUSE OF THIS VIDEO AND NOW IM NOT SO SURE

  • @williamharis2810
    @williamharis2810 3 роки тому +6

    Investing in is how you create wealth, i started investing from the pandemic and I have earned a lot of profits from forex investment

    • @edvardmoller6787
      @edvardmoller6787 3 роки тому

      Very reasonable and a smart move

    • @ernestineroll9091
      @ernestineroll9091 3 роки тому

      Crypto is the new gold! It’s so lucrative

    • @carapoitier3756
      @carapoitier3756 3 роки тому

      I wanted to trade crypto but got discouraged by fluctuation in price

  • @jordancampbell6156
    @jordancampbell6156 3 роки тому +5

    Best walk through of the Ledger that I've seen yet (many thanks), but Andrei you don't mention anything about Ledger's track record with data storage. 14th of July 2020? Solid hardware, but the past does raise questions about the companies approach to managing your personal data.

  • @lez075
    @lez075 Рік тому +2

    12:02 "Blockfi sounds like bitconnect, like a pyramid scheme" - If it sounds like a ponzi, it probably is a ponzi, and it was.

  • @johnowein4651
    @johnowein4651 3 роки тому +40

    I think bitcoin should be of the top coins. So far bitcoin has been doing well unlike other crypto currencies

    • @michealnoah4336
      @michealnoah4336 3 роки тому

      Some people will be kicking themselves, in few years if they miss the opportunity to invest in crypto now

    • @williamoliver6222
      @williamoliver6222 3 роки тому

      Bitcoin trading might make you rich if you are hedge fund with deep pockets or unusually skilled currency trader ,but to the average retail trader rather than being an easy road to riches

    • @paterlucas6443
      @paterlucas6443 3 роки тому

      But bitcoin today

    • @herryeve960
      @herryeve960 3 роки тому

      Exactly

    • @estherava4672
      @estherava4672 3 роки тому

      I’ve been involved in trading in recent times and ever since , I haven’t lacked most things

  • @clintscott3300
    @clintscott3300 3 роки тому +67

    I pray whoever reads this will be successful, keep fighting for success, them rich stay rich by spending like the poor and investing why the poor stay poor be spending like the rich yet not investing, Roar!! Invest, earn and be successful.

    • @carlos1brown316
      @carlos1brown316 3 роки тому

      If you want to be successful have the mindset of the rich spend less and invest more don't give up your dreams..

    • @henryalexander688
      @henryalexander688 3 роки тому

      Impressive, I realized that the secret to making a million is saving for a better investment...I always tell myself you don’t need that new Aston Martin or that vacation in Hawaii just yet and that mindset helps me make more money investing.

    • @addisonwillow1055
      @addisonwillow1055 3 роки тому

      Cryptocurrency /forex trading is a big chance to make money nowadays, if you can't see that at this point is time you learn more about it

    • @everlyisla6056
      @everlyisla6056 3 роки тому

      Most people stay poor only because they got discouraged by friends and relatives who stopped them against investing while the wise on keep on investing and growing higher financially

    • @lucypaisley3891
      @lucypaisley3891 3 роки тому

      Diversifying is the best key to investing and being wealthy.

  • @arinze7869
    @arinze7869 Рік тому +2

    Ftx collapse brought me here. Thanks Andrei 🙂

  • @jackthe15headedmonster25
    @jackthe15headedmonster25 3 роки тому +8

    That cinematic unboxing makes that USB look like it costs more than what I make 😂

  • @xbreakthehabitx
    @xbreakthehabitx 3 роки тому +34

    Andrei acknowledged Cardano's existence... i'm so happy. It has the potential to change the lives of so many people.

    • @FaisalMahmood91
      @FaisalMahmood91 3 роки тому

      Oh really? I'm still watching, so I'll watch out for when he mentions it.

    • @itrebor
      @itrebor 3 роки тому

      Timestamp?

    • @xbreakthehabitx
      @xbreakthehabitx 3 роки тому +1

      0:16

    • @corylyonsmusic
      @corylyonsmusic 3 роки тому

      Yep, I lost about 1600 ADA back a few months ago when it was around 15 cents and still can't recover that wallet. I started getting more, but not nearly as much as I wanted to rebuild on before the market just took off. It cost me $150 bucks and is now worth around $1400🤣
      Everyone has to learn their lesson at some point, I rushed trying to move from a Byron wallet to a Shelley wallet to start staking and screwed up getting in a hurry.

  • @blixx87
    @blixx87 3 роки тому +2

    Its not useless bro, you can reformat them so then it spits out brand new private keys. For example: You could even buy used ones from people and restore them to use them without worrying about them taking your funds later.
    You can safely use that ledger even if the senders goal was to trick you to use it without knowing you can reset it and that they might have the private keys already.

  • @davethabrave6539
    @davethabrave6539 3 роки тому +24

    Ladies and gentlemen we got a WEDNESDAY video 😤🔥

    • @AndreiJikh
      @AndreiJikh  3 роки тому +6

      YESSS, I had to...too many scams out there

  • @12121994
    @12121994 3 роки тому +4

    Instructions unclear, accidentally ate my ledger nano

    • @lambethrobbiejackson6029
      @lambethrobbiejackson6029 3 роки тому

      *Write on W ***hat s App +1..4..1..4...3...6..*7...6..2...7..7...
      Let him know I directed you

    • @dkin
      @dkin 3 роки тому

      there are more in depth videos on youtube on how to setup and use a ledger

  • @UIM_Loki
    @UIM_Loki Рік тому +2

    you probably want to scrub out that blockfi segment with youtube editor

  • @smithgreg2714
    @smithgreg2714 3 роки тому +26

    Bitcoin trading is like another business but in this Case it's more sophisticated and advanced

    • @lncn4366
      @lncn4366 3 роки тому +15

      Yeah Bitcoin is the future and investing now would be the wisest thing to do now with the current price

    • @chanchanthanyarat7213
      @chanchanthanyarat7213 3 роки тому +3

      Gradually getting to 60k

    • @leenohaudi4603
      @leenohaudi4603 3 роки тому

      You don't really need someone to tell you how to invest your coins, you can make research on your own and also try doing it yourself first.

    • @frankmarsha1004
      @frankmarsha1004 3 роки тому

      their strategies is working for me at the moment and making good profit from bitcoin trading

    • @MinhTran-of3gd
      @MinhTran-of3gd 3 роки тому +1

      I think the secret behind crypto is buying at a lesser very low rate and selling at a higher good rate

  • @jasonmurayama8467
    @jasonmurayama8467 Рік тому +3

    Hi Andrei, What's going on with BlockFi now that FTX went down?

  • @Kryptokenner
    @Kryptokenner 2 роки тому +1

    11:54 Blockfi ... pays me up to 8,6% annual interest.. I know this number is ridiculously high it sounds like Bitconnect ..
    In retrospective, this sounds pretty funny. Overall a good and informative video

  • @youngmoneymeixedo7677
    @youngmoneymeixedo7677 3 роки тому +32

    I swear I wouldn't notice the pimple if you didn't mention it..
    Now I can't unseen it 😅

    • @It-b-Blair
      @It-b-Blair 3 роки тому

      For real! 🤪 also don’t see why someone would make such a quality vid and not put on some foundation or something if it’s really bothering them 🤷‍♂️ set an odd tone for the vid, but the content outshone

    • @jackrayyuson800
      @jackrayyuson800 3 роки тому

      This gon' live in my mind rent-free. lol. Anyway, I'm using Netcoins exchange here in Canada and I am very satisfied with their service and have profited a lot. As of right now, they don't service the US so I have to look for a trading platform in the US because I'll be moving there soon. Any recommendation guys?

  • @rafaelgutierrez9903
    @rafaelgutierrez9903 3 роки тому +4

    Hey Andrei, do you know what's the best way to buy crypto in South America? Since we don't have social security numbers and it seems most exchanges don't accept our currencies, love your videos, greetings from Bolivia!!

    • @remi2449
      @remi2449 3 роки тому

      Coinbase mi pana

  • @DanielIles
    @DanielIles 2 роки тому +2

    This was actually a super helpful video, I remember getting a ledger right after watching this!

  • @revanthshahukaru7883
    @revanthshahukaru7883 Рік тому +4

    11:55 This didn’t age well

    • @Floris82
      @Floris82 Рік тому

      You Got Robbed! ;)

  • @diencai1812
    @diencai1812 2 роки тому +7

    Hi Andrei, found your channel and absolutely love the simple way you explain things

  • @Connor-ml1zd
    @Connor-ml1zd 10 місяців тому +1

    Hypothetically what happens if yo lose your ledger nano x how do you then get access to your crypto, do you just buy a new one? But then I'm confused because in the video when setting up the drive you got a new secret phase, but how do you access the crypto with the previous phrase.

  • @MissFamaron
    @MissFamaron 3 роки тому +17

    AKA How to protect my half bitcoin hahahha
    😅

    • @AndreiJikh
      @AndreiJikh  3 роки тому +12

      half is better than none :)

  • @skypilot1360
    @skypilot1360 3 роки тому +4

    Hey Andrei can you please make a video on crypto currency taxes?

  • @joweese9174
    @joweese9174 2 роки тому +15

    I do see it that forex and crypto trading is one of the profitable money exchange services that elevates investors and their financial status.

    • @joweese9174
      @joweese9174 2 роки тому

      Do you know that crypto crrency/ forex trading is a big chance to make money nowadays, if you can't see that at this point, its time to learn more about it

    • @nashobamisae2879
      @nashobamisae2879 2 роки тому

      Brilliant !!!, I like you for that.
      I am new here, I need
      someone to help me trade or invest in forex or
      crypto market because I'm tired of trading in losses myself. I've blown my account twice and it's really frustrating.

    • @nashobamisae2879
      @nashobamisae2879 2 роки тому

      My cousin suggested her for me. She has been investing with her for some months now, but he earns just 60% of whatever he invests in a week which I think its too low, I've seen other traders who offer to give you 300% of whatever you invested

    • @johndaniels4785
      @johndaniels4785 2 роки тому

      When you believe in the future then you will know that indeed bitcoin is the future.

    • @nashobamisae2879
      @nashobamisae2879 2 роки тому

      Can $20000 be ok for me to invest with her? I don't have much.

  • @SunielFox
    @SunielFox 3 роки тому +4

    Hey Andrei, love to hear your thoughts on Voyager interest rates. They’re still paying 6.25% for BTC while BlockFi is now down to 4.5% for up to only 1/2 a BTC. My sense is BlockFi is doing the responsible thing and not taking on more risk. do you think Voyager is taking on too much risk? I’m considering moving everything back to BlockFi even though the interest is significantly less. Again love your thoughts and thanks for all the great vids 🙏🏽

  • @andrewmiles3376
    @andrewmiles3376 Рік тому +1

    So, Andrei -- what have you gone to since BlockFi crashed and burned. (And I and many other of your listeners that followed your advice, lost all our bitcoin, etc.). I love your channel and appreciate all the info you have shared with us all. You might want to be careful enthusiasticly telling us all that a company is totally safe and dependable, when it ready to implode like BlockFi.

  • @gab_borges
    @gab_borges Рік тому +3

    “Gemini and blockfi”. This video didn’t age well 😂
    But seriously, great video !

  • @DoctorRyan
    @DoctorRyan 3 роки тому +31

    Who's holding bitcoin right now!?!

  • @martinlutherkingjr.5582
    @martinlutherkingjr.5582 3 роки тому +1

    4:25, 6:06 A seed phrase is not a private key. You’re referring to the nemonic seed phrase from which all private keys are derived.
    9:04 Downloading apps to “create” the accounts for each cryptocurrency is a misguided analogy. Once a user has generated their seed phrase (and passphrase if applicable) nothing is being “created”, it’s called a hierarchical deterministic wallet for a reason - it’s *deterministic* . Your coins are not lost by deleting these apps, this is one of the most common questions from newbies.
    The ledger nano x has a radio and a battery in it. That alone should tell you enough about this product but the company that made this thing also had a data breach of their entire e-commerce platform. Keep your coins offline, there’s no such thing as “safest” when it comes to security, it’s about trade offs.

  • @grahamstephen7931
    @grahamstephen7931 3 роки тому +10

    Bitcoin and forex are more profitable with the favorable market rise

    • @benjamincowen1519
      @benjamincowen1519 3 роки тому

      That’s why you need the help of professional who understands the market and how it works

    • @markjohnson2537
      @markjohnson2537 3 роки тому

      I’m a new investor and I’m using Mr Jackson Easton a broker who has been guiding me with my investment since I began last year,I’ve been able to accrue profit of $40,000 with principal of $12,000

    • @jbrown5457
      @jbrown5457 3 роки тому

      Mr Jackson Easton is obviously the best , I invested $3k and he made profit of $19,000 just in 14days like he promised

    • @jackbull3017
      @jackbull3017 3 роки тому

      Yh ! these professionals understands the market like it’s there own farm and make maximum returns for investors

    • @bitcoinhyper3634
      @bitcoinhyper3634 3 роки тому

      I have been trying to trade bitcoins on my own but I lost all
      Just last week I lost about €6,450

  • @BaltoMovie
    @BaltoMovie 3 роки тому +10

    "Gemini or coinbase where you should be buying your crypto"
    I would, if coinbase's fees didn't hurt my knees 😔

    • @andreijikh2647
      @andreijikh2647 3 роки тому

      W.a.at.s.a.p..+_1_3_0_6_9_9_2_9_7_6_9 Do well to tell him I referred you his analysis are top notch💯

    • @dalltex
      @dalltex 3 роки тому

      Coinbase pro has 0.5% rate. Not sure about Gemini but regular coinbase has ridiculous fees.

  • @bobcatt2294
    @bobcatt2294 3 роки тому

    At: 2:11 You go on about how safe the blockchain is and the method of securing your wallet's password and keywords. The problem is, that these hard wallets are assigned keywords/key-phrases while they should be assigned by the user not the manufacturer. While the stakes become higher as Bitcoins maintain more value, the incentives to steal by talented individuals are also raised. My entire comment is based around the rule, if there is a chance someone has your keyphrases/keywords, toss the wallet.

  • @Martin42944
    @Martin42944 3 роки тому +17

    I was waiting for the magic. "You see this, this is all your money...... And its gone."

    • @PínnėdbySteveWíllDoIt-t3k
      @PínnėdbySteveWíllDoIt-t3k 3 роки тому

      Thanks for commenting. you can send a message to my administrator Adams on watsap to earn in crypto,stocks and ETFs.
      + 1..2 ..0 ..6 ..9 ..2 ..8 ..0 ..6 ..1 ..6
      He’s excellent at what he does, tell him I referred you to him. His passionate strategies are top notch.
      🇱🇷🇱🇷🇱🇷💎💎💎

  • @philtaphouse5316
    @philtaphouse5316 3 роки тому +4

    The quality of your videos are so good. Extremely easy to follow and edited to perfection.

  • @Just_Kev_
    @Just_Kev_ 3 роки тому

    I guess if I am staking my crypto, I won't be able to if I withdraw and put it on the Ledger

  • @frankmuth1552
    @frankmuth1552 2 роки тому +4

    Investing in bitcoin is the best investment anyone can do this, because it has made a lot of people millionaire. I pray that anyone who reads this will be successful in life

    • @savannaliwanu2054
      @savannaliwanu2054 2 роки тому

      Bitcoin is the most profitable investment online if only you trade with a professional broker

    • @savannaliwanu2054
      @savannaliwanu2054 2 роки тому

      I'm really tired of trading on my own and blowing up my account, I'm real interested in trading forex this year because the shape the stock market is take place

    • @Edna904
      @Edna904 2 роки тому

      This is the great time to purchase and invest in bitcoin, most now that forex market is over all form of investment online

    • @Edna904
      @Edna904 2 роки тому

      I don't think Buying now is not a bad idea because in forex market as your have a good expert mentor

  • @kenneypat1520
    @kenneypat1520 3 роки тому +57

    The crypto market holds several benefits and detriment so it is advisable for investors to be cautious with decisions,You should understand the basis of bitcoin trading and do your research to acquire profitable trading results

    • @jacksondougan476
      @jacksondougan476 3 роки тому

      Indulging in cryptocurrency has led to my financial growth, Ever since I discovered bitcoin i have been getting a minimum weekly earning of $6580 trading with the guide of an expert

    • @jayherbert16
      @jayherbert16 3 роки тому

      Earning that would go a long way,How do you do it? Please share

    • @zitagnabry4395
      @zitagnabry4395 3 роки тому

      I think the secret behind bitcoin is buying at a lower price and selling higher,i really need to invest in bitcoin before it goes higher again lol

    • @jessicabrown9099
      @jessicabrown9099 3 роки тому

      Buying and saving bitcoins for value appreciation is not considered investing, trading your coins and generating valuable income through your investment is a trend for professional brokers

    • @jacksondougan476
      @jacksondougan476 3 роки тому

      I don’t save coins,i trade with wilson so i earn while i learn. She helps with t rades , con tact her for assistance

  • @sloth7d526
    @sloth7d526 3 роки тому +2

    What if you have metamask? Can you still use this?

  • @jaimetan
    @jaimetan 3 роки тому +9

    Super handy info! Thanks for breaking it down step-by-step, definitely makes it less scary!

  • @samuelbonne4047
    @samuelbonne4047 3 роки тому +14

    How to store cryptocurrencies, send them to my wallet and I shall explain

    • @Hassansin
      @Hassansin 3 роки тому +2

      Sounds legit, how much shall I send? 10 BTC enough?

    • @vietalogy
      @vietalogy 3 роки тому +2

      I need address?

    • @samuelbonne4047
      @samuelbonne4047 3 роки тому

      For those who did not get this, I was joking

  • @NicsNattapol
    @NicsNattapol Рік тому +2

    Blockfi is down LOL
    Ledger safe ur day as expect

  • @sophialogan3276
    @sophialogan3276 3 роки тому +6

    Which investment is profitable right now?

    • @eugenelawrence3375
      @eugenelawrence3375 3 роки тому

      Investing in cryptocurrency (bitcoin) is very profitable

    • @brandoncoin3043
      @brandoncoin3043 3 роки тому

      Yeah you are right with the current rise of bitcoin, that has made to conclude that no time is too late to invest in Bitcoin

    • @whatsappme--5228
      @whatsappme--5228 3 роки тому

      Yeah you are right with the current rise of bitcoin, that has made to conclude that no time is too late to invest in Bitcoin

    • @shelbywaldorf4109
      @shelbywaldorf4109 3 роки тому

      My bets go for $INXT, it is going to enter a new exchange list and is expecting to grow

  • @Hypnotized81
    @Hypnotized81 3 роки тому +5

    It's kinda ridiculous though that when all is said and done... You basically hide your wealth under the mattress and hope it doesn't get stolen (in this case case wealth=private key)

  • @robinjohnson4199
    @robinjohnson4199 3 роки тому

    Andrei can you make a video on how to cash out of Blockfi or other crypto exchanges (crypto to fiat)? I want to get into crypto and I do own a little but I'm noticing that ethereum currencies in particular have really high network fees for transactions, so it's pointless to move small amounts of money around (say from Coinbase or Gemini to Blockfi, for example). Seems like there's not a lot of information out there on UA-cam about this.

  • @davethabrave6539
    @davethabrave6539 3 роки тому +33

    JikhCoin TO THE MOOOOOON

  • @CalebBaleFinance
    @CalebBaleFinance 3 роки тому +8

    It's one of the elusive Wednesday videos!

  • @jorwegs
    @jorwegs Рік тому +2

    But now we know Block Fi got rekt

  • @Naszagul
    @Naszagul Рік тому +3

    this vid: "Blockfi sounds like Bitconnect a pyramid scheme, but i promise its not."
    today: "Blockfi pauses withdrawals"

  • @Dhspat
    @Dhspat 3 роки тому +5

    Do I need a DIFFERENT wallet for each different coin type in my portfolio?

    • @2512faraz
      @2512faraz 3 роки тому

      One wallet should suffice. You can go ledger website and see if they support that coin on their wallet. If not, then you probably have to store it on an exchange.

  • @gledhillpeter
    @gledhillpeter Рік тому

    Not sure about BlockFi...they're the reason I'm watching a video about cold storage...

  • @ricardovicente4119
    @ricardovicente4119 3 роки тому +4

    So you just paid 130$ of fee to transfer it?! 😰

    • @vicsharyvillegas7547
      @vicsharyvillegas7547 3 роки тому +1

      do not transfer money to anyone, did you see the video where he says he does not provide his phone number to anyone in here.
      Gosh, do not fall in the tramp of thieves

  • @WillS-pl8wg
    @WillS-pl8wg 2 роки тому +1

    Hello Andrei- In your opininon,is it less safe to use a ledger just on one’s i-phone,as opposed to laptaop ?
    Thanks in advance.B safe B healthy.

  • @Mikita1
    @Mikita1 Рік тому +3

    This video is even better now 😅

  • @0347marvin
    @0347marvin 3 роки тому +40

    .0025BTC fee = ~$125USD at the time of filming. Yeesh, that seems steep for a transaction fee.

    • @ellieviolet2767
      @ellieviolet2767 3 роки тому

      For good trading in BTC

    • @ellieviolet2767
      @ellieviolet2767 3 роки тому

      +1 8_0_4-4_7_6-2_9_3_2

    • @inzendis
      @inzendis 3 роки тому +1

      I believe theres a % fee, varies depending on how much you transfer. I might be wrong thou dont @ me for it.

    • @LeprinhaGul
      @LeprinhaGul 3 роки тому

      tahts why its only worth if youre sending a large ammount of btc, otherwise not woth it

  • @macwil2359
    @macwil2359 3 роки тому +2

    cool cool… I just ordered one a few weeks ago... I am new to Crypto and I was looking for a secure method to store my millions (when E hits lol). I enjoy your videos and how you break down the complicated terminology so I can understand it.

  • @antoniowright2496
    @antoniowright2496 3 роки тому +8

    Investing in bitcoin is the greatest investment any one can do this year 2021.
    Because bitcoin investment has made a lot of people millionaires.

    • @albertbrown8446
      @albertbrown8446 3 роки тому

      investing in both gold and crypto but the crypto is more profitable

    • @pînnedbyChoîceCrypto
      @pînnedbyChoîceCrypto 3 роки тому

      The 2020 Real estate investment is good but i rather invest my money in crypto

    • @christianmuller9900
      @christianmuller9900 3 роки тому

      Bitcoin is the future investment investing in it now is the wisest thing to do now especially the current rise

    • @walterderek7092
      @walterderek7092 3 роки тому

      Investing in crypto is the only chance of making money

    • @mackerelscott4134
      @mackerelscott4134 3 роки тому

      People are scared of investing because of the high rate of scam in the business

  • @davidjack9477
    @davidjack9477 2 роки тому +4

    Another awesome video!❤️❤️Am investing my time and money in crypto now, this new price is a clear sign for new investors to come in ✅✅...

  • @oohwha
    @oohwha 2 роки тому

    Analyst: "One who analyzes"
    Broker: "One who is broke"
    You're welcome.

  • @kaktus4574
    @kaktus4574 Рік тому +3

    700k on blockfi...this didn't age well :')

  • @Elias-xp3bs
    @Elias-xp3bs 11 місяців тому +4

    It's funny watching this video in late 2023 after everything that happened with Blockfi

  • @EinfachKrypto
    @EinfachKrypto 3 роки тому

    1:41 there is no need to throw away the ledger. It can generate as much private keys as you want and will never display them.

    • @finalstand3037
      @finalstand3037 3 роки тому

      Thanks for commenting Text me what'sapp let's go on a trading session together and make huge profits

    • @finalstand3037
      @finalstand3037 3 роки тому

      + 1 ( 6 0 2 ) 5 2 9 - 1 1 9 3

  • @Ethan.tomlinson
    @Ethan.tomlinson 3 роки тому +10

    pro tip! Don’t buy Bitcoin on robinhood

    • @AndreiJikh
      @AndreiJikh  3 роки тому +5

      ^ yes. Not until they allow withdrawals

    • @BigRedSemi69
      @BigRedSemi69 3 роки тому

      Damn I did, it was confusing

    • @adammm46473
      @adammm46473 28 днів тому

      Better than if you bought it on Blockfi!!!

  • @kennyg03
    @kennyg03 3 роки тому +4

    Thanks for all the advice Andrei! Just recently got into the crypto game and your videos are super helpful.

  • @chassmp3
    @chassmp3 3 роки тому +2

    Dude, this is the best video on how to do these transfers. I am seriously considering blockfi as well, thanks for sharing this info, super helpful.

    • @MWsamui
      @MWsamui 6 місяців тому

      Hope you didn't send your money to blockfi in the end ☠️

  • @ashrafkuzbari
    @ashrafkuzbari 3 роки тому +4

    Legend has it that Andrei enjoys making vids

  • @jamaljubran9042
    @jamaljubran9042 Рік тому +1

    Just saw the video and I was SHOCKED that the part you were talking about BlockFi is the "most replayed" part of the video.

    • @andreiwhatsapp873
      @andreiwhatsapp873 Рік тому

      👆ʜᴇʏ ᴍᴀᴛᴇ
      Tʜᴀɴᴋꜱ Fᴏʀ Wᴀᴛᴄʜɪɴɢ Mꜱɢ ᴍᴇ Dᴇᴄɪᴅᴇ ʜᴀᴠᴇ Sᴏᴍᴇᴛʜɪɴɢ Tᴏ Sʜᴀʀᴇ Wɪᴛʜ Yᴏᴜ 👆👆✍️.

  • @Quickonomics
    @Quickonomics 3 роки тому +8

    Wait... if that's not you in the comments, does that mean you don't actually know *Mr. Larsson Wilson* the investing genius who helped so many people get rich quick? o.O