Crypto Wallets Explained (Beginners' Guide!) 💻🧐 How to Get Crypto Off Exchange Step-by-Step 💸✔️
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- เผยแพร่เมื่อ 28 มิ.ย. 2024
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WELCOME CRYPTO FAM! 👨👩👦👦 HOW-TO EDITION! 🧐
Hello, fam! Crypto Casey, here 👋 and I'm on a mission to improve people’s lives through #crypto education. In this important video we discuss what cryptocurrency #wallets are, how they work, and how to quickly set one up and transfer your crypto step-by-step. We also distinguish between “hot” and “cold” wallets. Let's jump in!
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TIMESTAMPS 👍
00:00 - Intro
01:25 - What is a Cryptocurrency Wallet?
01:49 - What is Blockchain?
02:22 - Think of Crypto Wallets as Keys to Access Funds
02:48 - How do Cryptocurrency Wallets Work?
03:20 - Your Bank is Like Blockchain
03:35 - Online Banking Apps are Like Crypto Wallets
03:45 - Bank App Login Credentials are Like Private Keys
03:53 - Public Keys are Like Bank Acct Numbers
04:40 - Keep Private Keys Private
05:10 - Summary of Crypto Wallets
05:21 - What are the Different Types of Cryptocurrency Wallets?
05:41 - What is a Hot Cryptocurrency Wallet?
06:00 - Why Keeping Crypto on Exchanges is Dangerous
07:00 - Safest Way to Store Crypto is With Cold Wallets
07:55 - Important Facts About Hardware Wallets
08:52 - How to Setup Your Own Crypto Wallet Step-by-Step
13:40 - How to Transfer Crypto from Exchange to Wallet
16:45 - EUREKA MOMENT! How to Lose All Your Crypto!
18:50 - Conclusion
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TAGS: #crypto #cryptocurrency #bitcoinwallet #ethereumwallet #ledger #coinbase #cryptowallets #hardwarewallets #coldwallets #hotwallets #cryptowalletguide #tangem
TOPICS: how to set up a crypto wallet, how to take crypto off exchange, how crypto wallets work, what is a crypto wallet.
NOTE: This description contains affiliate links. If you purchase a product through one of them, I will receive a commission (at no additional cost to you). Thanks for supporting the channel!
DISCLAIMER: The information contained herein is for informational purposes only and not to be construed as financial, legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome. © 2023 Crypto Casey. All rights reserved.
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❤️ Be safe out there.
-Crypto Casey - วิทยาศาสตร์และเทคโนโลยี
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-Crypto Casey
Hello maam can you help me
Ciao Bella Q fai ?? Great vid !!
Are you of Italian background ??
Anyway excellent video great at explaining newbies the pros and cons of wallet security !!
I know your vid is pretty recent, my only argument or feedback is:
I will argue in my humble opinion keeping your crypto in an exchange is way safer than a wallet ONLY if don't really have enough money ON IT.
Meaning your below the $25,000 fund threshold !!. If you got above $50000 in crypto then Im totally with you on getting the nano flashdrive to be at least more safer and also keep at least 3 back ups in case you loose or your nano gets lost !!! Very important !!!
I used this link. After putting in security code, there was nothing else to click. Nothing happened and I could not move forward.
Referring to discord app
Need real money for my wallet can you help me
What is the best strategy to enter crypto trading now for someone with more or less than $27k
You need a pro or very goodTrader. Someone like Jared Brian Watkins
Jared excels at capitalizing on economic shifts and I have confidence in his trades
Almost gave up due to constant losses, but Jared turned my luck around
I went from 50k to 400k with Jared. Thanks to that I paid off my debts
Can someone share a way to consultMr Jared
You work for 40yrs to have $1M in your
retirement, meanwhile some people are putting just $10K in a meme coin from just few months ago and now they are multimillionaires.
Making money is an action, Keeping maney is behavior, but "Growing money is wisdom"….
The best thing to do with your money is to invest it rightly because money left for saving always end up used with no returns
You are right. Been thinking of going into gold and cyptocurrency
It's obvious everyone is doing this online Investment
totally agree with you it has been an eye-opening experience for a lot of people.
I shared this video with my mom, she's 75...Great Explanation, especially for the people 55+..She wants to learn, but hard to find videos for that age group...Good work, keep it up...
Thank for the update...
Great video! Well I'm so happy I made the best decisions by having a good investment, Recently I'm able to acquire my third house even at my age and I believe if things keep going well I would retire early
That's nice! But how did you manage to achieve all that even with the current economy that's very bad? Please I'll appreciate your assistance on how to go about it, I'm desperately looking for a way to pay up my debts and also achieve my goals
The best strategy to use in investing is to invest with a professional who understands the market quite well, that way maximum profit is guaranteed, I'll highly recommend Brenda Brown, she is my current trader and her strategies are working
Actually this is not the first time am hearing of Brenda Brown and her exploits, how she handles investments and generates good profits, she has really made a good name for her self, but I have no idea how to reach her
She has a verified account on telegrams, using the user name mentioned Below
Brendabrown is the name to look for
Finally a normal person that can explain how to do something. That was awesome.
🤣 IKR...
Do you know that you can make up to $10,000 in mining directly to your bitcoin wallet, bank account or any withdrawal details you wish to😎
I got into crypto for the first time in February (as an aside, I had students tell me to buy bitcoin back in 2013 and I laughed them off…what an idiot I was). Anyhow, I have spent three months trying to figure out what a crypto wallet is as opposed to an exchange, and you are the first person who has made any sense and taught this concept in a way that I understand, so thank you!
Curious if anyone here has tried copy trading. What was your experience? I’m relatively new to trading and i am looking study some good traders and copy their open trades rather than investing myself and lose money emotionally.
To be 100% honest with you. I had the same question 5years ago, I was confused as heck. Now copying other traders for over 3years now. Would like to tell you YES copy trading is a good approach, you just had to keep in mind that the success in copying another trader lies in their transparency.
Yes! Personally I copy trades of a U.S regulated professional trader name 'Sir Courtney H. Williams' on my own trading account, and at the end of the month I give him a percentage from the profits he makes for me as agreed upon while i get increase exposure on how he navigates the market.
I also have copied the trades of some experts in the past, it’s the easiest money i made in the market, plus you also get a learning opportunity while you earn off their expertise and what their strategy is it’s a nice hands-off way to invest.
@@Gabrielle.. Impressive! Please If you don’t mind sharing, how can I get in touch with your professional trader.
His available on telegam with the username below.
Of the hundreds of people out there teaching and preaching crypto trading, you are by far my favorite. No hype, and drama, and big talk. Clear, realistic, factual educating. Calm, and calculated. They all talk about emotional trading but they all feed it. Everyone tries to predict the charts when in truth no one can really truly say what's on the next candle. You are realistic about what influences the market. You have no ego, or arrogance, no wealth flasing, just so relatable. Thank you so much for parting your knowledge but more so for the way you do it.
You really haven't found a man you like better?
And her video didn't even start until idk... 2 minutes in? How's that right to the point? Lol
Bitcoin is a very exciting development, it might lead to a
world currency. I think over the next decade it will grow to
become one of the most important ways to pay for things
and transfer assets.
Do you know that you can make up to $10,000 in mining directly to your bitcoin wallet, bank account or any withdrawal details you wish to😎
agree
NICE VIDEO..... I HAVE BEEN TRADING FOR MONTHS NOW. I KEEP M1AKING MORE LOSS TRADE WRONG COINS PLEASE I NEED SOME KIND OF ASSIST OR ADVICE ON WHAT TO DO
Trading with an expert is the best strategy for newbies and busy investors who have little or no time to monitor trade. I will advice you to stop trading on your own it's very risky. Seek advice of a professional trader...
As a beginner who don't understand how Bitcoin trade really works and you really want to make profit from it. I will advise you to first start working with a professional
That's true most people today have been having a lot of failure in forex and crypto sector because of poor orientation and bad expert
I will advice you to trade with Mrs Hannah she's legit and her method works like magic i keep on earning every single week with her new strategies...
Her success story is everywhere. I'm not surprised that she's been mentioned here because her trading lifestyle is outstanding and it's rated the best.
For a few months now I have been searching tirelessly for information on how to start investing. I even payed $1000 for a course that I now regret. It appears that there is no structured guidiance for beginners on how to get started in this realm. I've come across several investors making well over $250k/annum and would be grateful if anyone on here could provide insights on how to get started, identify potential stocks, when to make an entry, exit etc.
Keep it simple in the beginning. Buy something, like an index fund, and hold. Educate yourself in the meantime and elevate your risk tolerance over time.
In order to make profits from trading you need loads of experience and a well defined strategy, which most traders don't have. If you trade without the proper preparation, you're most likely to lose your money. Identify the buy/sell ratios and identify the market leaders and most importantly. Diversify! This will help you spread risk.
Even with the right technique and assets some investors would still make more than others, as an investor, you should've known that by now, nothing beats experience and that's final, personally I had to reach out to a market analyst for guidance which is how I was able to grow my account close to a million, withdraw my profit right before the correction and now I'm buying again.
@@arlohewitt3653
Who is your fin'a'ncial a'dvis'or, do you mind h'ookin'g me up?
@@grantluna8336 The ad'viser I'm in to'uch with is *Rebecca Catherine Schmidt* she wo'rks with Merrill, Pierce, smith in'corporated and intervi'ewed on CNBC Tele'vision.
@joven cueto please who is the expert guiding you? i have lost so much as a beginner🥺 investing into stock without a proper guidiance of an expert.
@joven cueto Thanks, I just searched her up on google and I'm super impressed with his qualifications. Have contacted her through her webpage to hear what she has to say about my situation.
I still don't get how to do this. And how secure and bullet proof is a cold storage ledger for storing $100K? $300K?
No way that is
Can refer you to few good ones if you want
@@humblewealth3383 please I need it sir.
Me Leonard of UCLA is very calm and ready to teach anybody how to trade and my advise for everyone is to invest on bitcoin especially now that bitcoin is on bullish run✔
@@alex-ok7vy I'm surprised to hear you mention this pro here
Let me get this right...
No spamming of brands
No gaps in the information
No misinformation
No confusing abbreviations without explanation
No assumptions about the audience.
Casey. This is, without a doubt, the clearest and most thorough, explanation on the matter, on here or anywhere else that I have access to. Even the "masterclass" videos seem to be avoiding something. May you never lose sight of the integrity that your transparency, and direct, honest, approach grants you. I can see you as an educator, that's how good you are.
Huge thank you for this. So helpful and so well articulated.
love your teaching style Casey!
I'm so glad that you're doing this type of video because I am clueless on how to transfer my crypto to my Ledger wallet. Thank you.!!
*When you invest, you’re buying a day that you don’t have to work. I pray everyone reading this becomes successful*
Very fascinating talk, I particularly think the section on NFTs is interesting, after figuring out a little bit of what they are exactly it seems to that simply put NFTs are a way to digitally copyright digital assets. It is interesting that even Vitalik at one point thought they were underrated because it almost seems like the glue that will end up tying cryptocurrencies together. He is right that creators should have a way to "own" what they create. coming from the standpoint of coding and working on 3d projects, copyrighting "assets" that are then potentially bought and sold with crypto seems very logical... In game items for instance has already become a billion dollar industry, I played everquest since 1999 and used to get emails of lists of items people sold in game through paypal that later became the website IGN... perfect concept for crypto and NFTs if it existed back then.. But the perfect way to get started now is invest with a trusted source *Virtualcryptomines🟡com*
That is a good insight!
Boy you are good. This is exactly the walkthrough I have been looking for. Thanks
Thank you so much for the step by step instruction. I understood the concept but didn't know how to start thanks again
Amazing. Yesterday my attorney and I were discussing crypto as he is clueless. Asking me questions because I told him I started to buy a few months ago. I told him I have been attempting to understand everything and I gave him what little information I had. They say whenever something it's meant for you to see or to hear it will show up. And today you showed up! Looks like I've got some videos to watch!
Crypto Casey appreciate your work thanks
Just ran across this channel and glad I did. I am learning about this whole process. Thank you for the education.
Great stuff CC!
Tons of videos to figure out the best wallet and still not sure but this video was so helpful. I transferred my coins with Coinbase to get them off the exchange and will get cold storage later. You are a breath of fresh air. Thank you for the clarify and straight forward approach.
Thank you so much for walking through these processes! Great video.
Found our about your content randomly by looking for a podcast about crypto on Spotify. I really enjoy your content and glad I came across it!
This is a very good video for explaining to a newbie. Good job Casey.
Thank you Casy as always great video.
Amazing - As Usual - Thank You!
you are amazing editing, room, and all. thank you for making this process clear as crystal
Girl you the best! Thank you so much
Thank you miss Casey for helping us. Perfectly detailed and no wasted time! you rock.
Great Video, Thank you 🙏🏼, love the way you teach 😀
i never click subscribe. after hours on the internet this video answered every question i was looking for. well done! looking forward to more.
Excellent video I really do have a question. For someone with less than $7,000 to invest, how would you recommend we enter the crypto market?
*The best thing to do with your money is to invest it rightly , because money left for saving always end up used with no returns ... it amazes me greatly the way I move from an average lifestyle to earning over 63k per month , utter shock is the word . I have understood a lot in the past few years to doubt that opportunities abound in the financial markets , The only thing is to know where to focus*
I have lost almost 60 % of my portfolio due to this dip . Any suggestions how I can recover it back.
Febuary this year , I started an investment with Mrs Clara , I invested $ 9000 which I went into her short - time trading and she helped me clear my Bank dept.
@ACTIVESUMMER
@ACTIVESUMMER
Awesome: thanks, well presented
You do an amazing job of explaining compicated processes! Good music too, earned a Subscriber. Thanks!!!
Brilliant video!! thanks a ton Casey !!
Casey - I am coming back to thank you. I watched this video a few days ago. This video was very helpful. Get your stuff off the exchanges. It is worth the time and $ to learn this.
I don't know Jack about crypto. This video was overwhelming for me, but it gave me an idea of what crypto wallets are. I feel I could learn. But I'm a dinosaur who was happy to have a land phone back in the day. My Jurassic mind needs a lot of adapting before I can learn. But Casey seems able to simplify it . Thank you.
Your not alone....
Don't worry you are not alone! Just move on, slowly but surely.
don't give up ... take it one step at a time. I am also in your shoes. But you can do it!
Same. Nice to know I'm not alone.
Little bit at a time thats how I’m building a pseudo understanding.
Thank you for this very informative upload.
It's nice to find you here. You make a good teacher. Thanks. ^
Thank U so much, U R the best I've heard on the issue of wallets. Giddy up!
Thank you very much. This was very helpful and structured really well to understand the process.
The best explanation of crypto wallets out there!! Brilliant, you did not forget what it was like to be new at this.
Thank you so much Casey for comprehansive explanation.
Hi Casey This was the simple and best way you tutor .Thanks a million
Great job explaining ☝️✨
I ve been looking for this explanation for days. So clear
Thank you.
Can you explain to me then ? Coz I don’t get it stlll
Just found your channel.Great videos, keept it up!
VERY GOOOD, very informative for newbies :)
Great training Casey! Thank you. I'm new at this and much to learn.
I liked and subscribed Casey you are very kind Thank you for explaining in a simple way how wallets work. Please keep on posting you are an asset on you tube. wish you all success
Thanks. I shall be working my way thru all your vids. Much appreciated.
simply nice.... broken down to a point where I feel I now understand the subject. well done!
Thank you so much for your help I really appreciate You awesome way of explaining this 👌 And because of that I was so happy to subscribe to your channel 😀🧡❤
great video casey,love it
You are so good at it! Thank you!!!
I have been feeling anxious about this, despite my son just shaking his head at me. I will watch again
Thank you for explaining.
Thanks, CC. Of course, these are very helpful and clearly presented.
Wow thank you so much for a very great explanation 🙏🏼🙏🏼🙏🏼👏🏼👏🏼👏🏼
You’re the best with explaining everything thanks
I love you teaching and speaking style. Such a great teacher. This is one of the best teaching videos. I look for videos to share with people when they ask me questions. I will def suggest people watch your videos and subscribe. Brava, great job.
You make understanding crypto wallets so easy. Thank you.
The best analogy on crypto wallets I've come across so far. Subscribed.
Awesome job on breaking this down thank u
'inspiring content! when it comes to investment, diversification is the key, that’s why I engaged in sectors based on projected growth. There are no shortcuts to getting rich but there are smart ways to go about it, venturing into the stock market or crypto I think is a smart move, but still i have little experience about it, thinking I can get some inspirations on making more profits . So pointers from anyone would be appreciated, no one is perfect".
I would have given a pointer on building a good investment portfolio, but is very complex, and since it is necessary i would recommend that you seek professional support, this way you can get strategies designed to address your unique long-term goals.
@@ReidCoffman1 I'll recommend 'AUTUMN LYNZI SMITH" to you, She's really one of the best traders i've traded with. she will guide you on, and how to read the markets so you know the best times to take profits.
@@MariusNatt not surprised you mentioned Autumn lynzi Smith she is just so good and her professional strategies are really mind blowing. this is over a year i have been benefiting from her trading services.
Casey you helped me learned through this video 😊. May god bless you
perfect explanation, Thank you!
great simplistic explanation. Thanks much.
Hey Casey, WOW, I’ll be back for sure! I’m totally new to crypto and you really pass on the info better than any I’ve seen so far. Thank you, great content.
Casey always put so much thought into what she does!👍
Thank you Casey, that was very clear, I will check out your other videos.
Subscribed. You are by far the best. Thank you!
You've made an exceptionally professional video on so many levels. No side-of-the-head shots like so many people do. Each shot is of you talking to me. Very clear. Thank you. Subscribed.
Thank you for streamlining this process. All of this stuff can seem so daunting at first
Quite an eye opener Casey! Very well explained.
great work, very clear with real example and best practices.
Thank you Casey that was very clear and precise. I learned a lot today.
Thanks so much for the explanations. It was pretty awesome and clear.
Nicely explained Casey. Thanks!
I followed the directions and got my crypto off of Coinbase and into the Coinbase Wallet on my phone today 12 May 2022. Waiting for my Ledger Nano X to arrive. Pretty simple even for an old guy like me. (Well, admittedly, I have worked in tech all my life.)
Thank you, Casey. Such helpful videos to start this journey. ✌😉
Wow girl you’re awesome! I’m 62 years old and am interested in crypto and you did such an awesome job explaining I will be able to do it. Probably watch it a another time or two…lol I also liked and subscribed and hit the notifications where I can follow you! Thanks again for helping me out! Love from Louisiana!
Yet again another crypto grandma!!! I love to see it
You can try to invest in CMB is working good where you can get 1,2 percent daily. Be adivised I'm a financial advisor.
Thanks very easy to understand 👍🏻
Your content is the best I have found explaining crypto. Thank you very much.
Thanks for taking the time to let me know you find the content valuable 🙏
An ex-colleague convinced me into stock trading and investments as profitable alternative sources of income. Unfortunately, I have been down ever since. Next time, I will spend my money on myself first before considering whether I will invest or not.
I’m in a similar fix too. Hopefully, the market revives soon. Please, where can I check ROIC, market caps, comprehensive flows e.t.c And again, can you say a pro to hire or work with?
@@Maria-yi3gf Wallopaid work no scam
Just found your channel, I like how you have explained a lot questions, that I didn't know how to ask, thank you Cripto Casy
Simply outstanding! Thank you.
Very informative content, thanks for this!
Simple, clear and pleasantly presented. Earned yourself a sub 👍🏾
Yeah but Please be careful on here. Forward all your inquiries to SEC gov team.
@SECoffice VIA te l e g r am
Their Verified account
I've been trading with Mia Jansen for a little 6 months now, made more than half a million dollars in profit, glad I started big enough, haven't gotten the chance to thank him in person, she's always so busy making money. Some people say she's always at work, trading round the clock. I aspire to be such an impact in the trading community, making good money and recovered losses. Who would have thought that the kid from the curb would be living so lavish. Thanks to Mia Jansen, I can now raise my head high amidst my peers
I live in Dubai, Her strategies are superb and always gives accurate results, having her trade for me has really elevated me financially. I remember my first investment of $25k and she made me $34,700 just after 6 days of trading. Having Mia Jansen trade for me is still the best investment decision i made this year.?
Oh my world! i am always thrilled to meet people that are investing in Mia JANSEN Trading. that woman is a real genius and she has helped lots of people in investing wisely.
This is not the first time I am hearing of Mia Jansen and her exploits in the trading world but I have no idea how to reach her. Can someone help?
꧁༒☬෴十❸❶❻❶❾❽❸❷❹❻❻෴☬༒꧂
Wow! What a great analogy and explanation, Casey!!
Really good delivery. You obviously put a lot of planning and prep work into it. Thanks.
Great Casey, clear and understandable, I subscribed. Also appreciate how you obviously care for the people you are teaching!
Good
I really enjoyed your explanations, thank you ever so much!
Thank you! Great detail!
Let's talk
I watched this whole thing but I may have to watch a few more times. I’m brand new to this but think it’s safer then a bank. Thank you.