Is Your Crypto SAFE!? Here's How To Self Custody It NOW!!
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- เผยแพร่เมื่อ 4 มิ.ย. 2024
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📺 Useful Vids 📺
Best Hardware Wallets 👉 • Top 5 BEST Hardware Wa...
Setting up Your Trezor 👉 • SAFEST WAY To Store Yo...
MetaMask Guide 👉 • Metamask: Step-by-Step...
Phantom Guide 👉 • Phantom Wallet: Beginn...
Crypto Custody 👉 • Crypto Custody: Wallet...
Crypto Security Tips 👉 • TOP Crypto Security TI...
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⛓️ 🔗 Useful Links 🔗 ⛓️
Phishing MetaMask: cointelegraph.com/news/blockc...
Extortion For Crypto: www.theguardian.com/uk-news/2...
Electrum Fake Software: www.coindesk.com/policy/2022/...
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- TIMESTAMPS -
0:00 Intro
0:32 Self Custody Explained
3:57 Desktop Wallets
8:43 Browser Wallet
11:09 Mobile Wallets
15:03 Hardware Wallets
20:42 Final Thoughts
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📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be 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.
#Bitcoin #BTC #FTX #Crypto
There is nothing that beats holding your own keys. That's why self-custody should be the most important step for anyone entering the crypto space. I hope this video was helpful for you guys! Don't forget that you can follow me on my socials for all the content that you are missing here guy.coinbureau.com/socials/. You may also enjoy our clips channel which has livestreams and shorter form content th-cam.com/channels/R93yACeNzxMSk6Y1cHM2pw.html
Any thoughts on MUUN wallet? Is it safe?
Use trust wallet .. more perfect okay
The "S" sound when you speak is too high, you may need something on the mic to absorb that or edit that th-cam.com/video/Tx4tpAsM70A/w-d-xo.html
Can exodus wallets download in Mac ? I tried it doesn’t work
Regarding seed phrase security, or that of any other database of secret info, the best practice is encryption and redundant DISTRIBUTED backups, both locally and cloud, the more the better. After all, only you have the encryption key to see them. My favourite is KeePassXC.
Very unselfish and kind tutorial. Thanx. You've alleviated some major concerns.
My crypto is safely locked away in Voyager. They are so secure that even I can’t get it out. 👍
You can’t get it when you want it?
@@michaeljaycain912 You missed the joke 😂 Voyager went bankrupt and restricted all fund withdrawals
😂
This was a much needed video, very well detailed explanation thank you Guy. Bless you 🙌🏻
When I learned how staking on platforms worked, I said "Nooooooooooooooope!"
Collateralozed loans, "Noooooooooooooope"
Not using my funds to collateralize anyone's loan. I ran from Celsius
Always look forward to your videos.
Definitely the best advice for all crypto users.
Keep up the great work 👍
Thabk you for the brilliant content as always Guy. You are helping so many people around the world. Kudos
Thank you for all this information!! I plan to get one of these.
Thank you ! Ordered my Ledger and I should have it delivered in a few days! Looking forward to less sleepless nights and more peace of mind!! Thank you for this info!!! 🎉❤🎉❤🎉❤
did you ever consider running a stake pool on Cardano? It would also help with the lights...
Life has been so tough and rough since the outbreak of covid-19 but there are still ways to live a fulfilled and planned life. Investment is one of the best way to live a fulfilled life because you invest in your future.
I feel 2023 will be the "Where are my keys" year. I also see next cycle will brings us downfall of centralised crypto exchanges and rising of decentralised exchange platforms. Keep the crypto market free and hold your own keys !
Won't happen for obvious reason.
WX network! Built on waves and the world's fastest, safest and cheapest order book DEX.
Haveno is a truly decentralized decentralized exchange that will be coming out in 2023 which will use Monero as the liquidity protocol.
No KYC, low fees, & 100% private trades, that's going to be amazing.
And then we will see that old commercial but it will be like "It's 10pm, do you know where your keys are?" 😅
I hope so but if they rely on cloud services like aws or Google they can basically be turned off at the govt. request at any time. Trust wallet uses aws for instance.
Hey Guy! Any updates on your NFT portfolio? They used to be listed in your newsletter after your portfolio info but I don't see them anymore. Have I missed that announcement or are you still holding your MAYC and Meebit? Have you added any others? Anyway, keep up the stellar work, cheers!
The orginal point of crypto was to be independent from financial institutions and take finance into your own hands.
Keeping it on exchanges goes against it.
I was guilty of it myself and kept mine on binance because they payed nice %.
Not anymore.
Better late then never.
Im one of the lucky ones that havent lost nothing.
I'm not sure if the volatility is part of the idea. cryptos going down 70 - 90 %, doesn't looks like it's a good finance. aside from that, since we know it''s volatile, how to set a stop loss when using a wallet? can't.
@@chrisseller2276 Im an investor not a trader.
I only sell when when it goes up and breaks new records.
It is volatile ofcourse but in the long term its always going up. If history repeats itself we should see new highs around 2024 and thats when I will move out from wallet and sell.
Now its time to buy and cumulate. If it goes down even further Ill buy more.
Ok, so I’m failing to understand how you lose anything less. Mine is staked, earning a higher % than inflation. The price of it is the same when you sell it regardless of it being in personal storage or an exchange minus some fees. If you can’t afford teller fee why the fuck are you using it.
If it was to be independent then yes, to negate tracing from selling drugs and spending money on nefarious shit. No shit mate, now it is somewhat traceable, sorry; this is just the new move from gold standard to fiat in the digital world.
@@Star.Chaser I dont think you understood my comment and yours dosnt make any sense to me.
No one cares about the original point of crypto. Didn't 1929, 1987, 2000, 2008 tell you anything! When it collapses it's gone baby!
Your crypto videos are the best thing going. Keep up the great work.
Go for a hardware wallet. These things are actually fun. I have a Trezor one, Ledger Nano S and a Coldcard and I love'em all. I had some crypto on Cake Defi for the interest payments and although that platform hasn't been hacked (yet) I took everything off quite a while ago in order to sleep better. And after the FTX collapse I'm really glad I did. It's just too risky.
“How could they have known a company praised by politicians, regulators, and the MSM would have failed?”
I believe you just answered your own question
Thank you for this!
Great video! Thanks for spreading the word🔒
Because of your valued intel - I finally moved all of my crypto from CEX’s and transferred them to LEDGER! Thank you again sir ❤
Wish I had done this earlier, my CEX wallet got hacked recently.
🎶"I'm too CEXy for this coin..."🙃
🤦♂️ Sorry😬
Great work, thanks Guy!
Thanks for the video as always, good job!
self custody also increases the value of btc as exchange rates are based on supply if you have sell orders open or are on an exchange that uses user funds the exchange will value that into the price
Great info much needed
Very informative as usual. Thank you for breaking down all our options. Would appreciate some analysis and projection for the market rebound.
Dec22
Guy can you do a video on non-custodial exchanges, atomic swaps and if people want to stake is there a way to keep your keys.
As usual, really awesome, my respect 🙌
Besides metamask, are all the other wallets you mentioned multicoin, or specifically able to store btc and eth?
Tq
Great vid. Now, how about a video on Dubai? With your teams great research ability , im sure it would make a really interesting video!
Keep up the great work my brother!!!!!
Thank you! you are the best!
Awesome information!
Great video, as always!
Guy, thanks for such helpful safety info during insane times. Do you have an opinion on BC Vault wallet? I use it right now with no problems. Please let me know. Thx
Thanks for the video
Its< natural to see so many investors panic amid a worsening bearish market but it is also important to note that the market situation is nothing new in the crypto world.
I can't forget the rows you play in my life, if not for you I would have been jail, thanks for restoring me dept ma 🙏
@@-ibby136 I appreciate your generosity in sharing your knowledge!! YOU make it easier for me to understand the subject, now I'm more optimistic than ever...
How can I meet Mrs Hellen, I have heard so much about
She's always available on wttsap
With everything happening with exchanges and binance particularly, I'm wondering if something similar to ftx happens to binance would my trust wallet be compromised, do we know of any particular dangers because of this link?
Thanks
Thank you !
Guy / Coin Bureau can you cover NEAR and other Chains in the near future?
thanks Guy. Glad to know I'm self-custodying correctly :-) You forgot to include the link to those Steel seedphrase things though and I' like to get one
One Love!
Always forward, never ever backward!!
☀☀☀
💚💛❤
🙏🏿🙏🙏🏼
Guy, you can use EVM networks on MetaMask, not just the Ethereum Network (Binance Smart Chain, Polygon, Avalance C-Chain, Harmony, Cronos, etc.)
Do you have to manually copy the address from coingecko?
Coin bureau. Is one of the best things to happen to crypto since it’s invention with BTC please take this again as a great complement and hope it’s good motivation to continue with the work. Personally have bought beanie from the merch store. Thinking about buying a steel word protector. Your work is greatly appreciated so. Thank you guy.
I think Xdefi should also in the browser wallet. The one and only with many native chains integration like BTC.
great info
In the last bear Market exodus had huge fees. Is that still the case for exodus and other software wallets?
I have Question if you can please answer, Thank you in advance. example if i have a hardware wallet and I have stored all my crypto from FTX purchase, now that the exchange closed can i be able to use Biance to withdraw and sell my coin, thank you again
Thank you. Very informative. Can you pls advise how to do perpetual trading without having cryptos on centralised exchanges?
Hello, should I only have one wallet, or should I separate my assets in a lot of different wallets?
That NGRAVE wallet looks amazing! I had not previously heard of it and will likely be getting one -- hoping they add BSC and Polygon network sooooooon though.
If you have good amount of crypto, its really the safest and coldest wallet. I even know the CEO. He is incredibly smart guy
I'd like to mention, if you need matemask to connect to IMX but have your assetts on trustwallet, you can load your trust wallet onto metamask so you don't have to try and send the nfts over to metamask you can also load wallets from other platforms like Gala games onto your metamask.
I ditched exodus because I had trouble with unstaking... put the same key in my phantom wallet and it fixed everything for me. That said, I never really cared for the way the interface works on it, and I don't use it any more.
Also, it's sometimes prudent to have multiple accounts. I have several different "wallets" on my browser MM, one for minting Degen NFTs, one for doing trades and such, one for business income, a "cold" wallet for my favorite NFTs, etc. Certain wallets are never connected to any website.
Guy. Could you make a video about setting up a brc node? Do you know much about it
Metamask definitely supports BNB Smart Chain - all that is required is to click where ETH main net is and underneath that ADD NETWORK - I hold about 5 BNB Smart chain tokens on Metamask connected to my Hardware Ledger Wallet
amazing video
As a web developer, I would be veeeery weary about using a browser wallet. Malicious extensions and websites may be able to scape info out of your wallet. Particularly when you're using it. For small amounts it's probably fine, but I wouldn't use it for anything over a few thousand bucks.
Thank you, Guy, for all the knowledge you give us!! Here is my question I hope you can answer. How can you get around the 12 day hold on ACH (used in the U.S.) deposits on exchanges? This seems to be the case on every exchange I’ve looked at. I like exchanges vs ATM’s b/c the txn fees lower. I recently bought some BTC on an exchange but can’t transfer to my wallet into next week! Any advice? Thank you!
PS, Thanks to you I have everything, except what’s stuck on the exchange, in cold storage.
Use Kraken, ir they make you do it too then there is probably a reason for it.
Also 12 days shouldn't matter, just buy enough crypto to cover your costs if you need to buy stuff, 12 days of operating costs isn't much in ways of cashflow.
If you're investing, your timeline should be a whole lot longer than 12 days.
12 seems long to me. I’m in the US and it’s 7 days for me on Coinbase Pro. Is every exchange different?
Nice,but why nobody tells you about how much it costs to transfer crypto from an exchange to a cold store wallet and back?
This is a great topic for one of your future video's,or??
Thanks again for your commitment Guy !!!
All Free
Wondering the same, and it's what's keeping me from buying a cold wallet
To send it to Ledger, BTC it's usually $2.50-$4 and ETH is around $1-$3. Always changes but this seems to be standard right now
Ellipal titan was about $4 between accounts for me and if you want to remove them off the cold wallet to binance you need Eth else they are stuck
@@enterthenameyo when you lose all your crypto in an exchange collapse you’ll wished you paid a small gas fee
I personally know 5 people that have crypto. I am the only one that keeps his money in a hardware wallet. Everyone else keeps theirs on an exchange. Even one of my friends that lost half his money with FTX still has the other half of his money in a different exchange. People just don’t learn
Thanks for the video! Wish I had heeded your suggestion of self-custody. To my detriment, I thought FTX was bulletproof.
Trusting a guy with a name like "Bankman-Fried" is NOT a good idea.
Any decent coin project doesn’t need celebrities or influencers to shill their tokens. That goes for exchanges as well. Sorry for your loss.
SBF paying off the government along with his super odd demeanor was a huge red flag, but hindsight is 20/20.
I lost 56 Etereum Proof of Work - paid 700$ for it.Currently can get 56 of EPoW for 150$.bed investment on my part.i though after Etereum 2.0 Merge Eth price would go up.Not so.Plus FTX collapsed and i have no access to my 56 Etereum Proof of Work.I just purchased Tresor Model One.Good Luck everyone
@@RALMAR9 and a vegan
Metamask supports Fantom, Avax, Aribitrum, Cronos, BNB to name a few. Not just ERC-20 as you stated.
Hi, could you please advise about pre sale coins .... orbeon protocol?????
9:30
MetaMask also supports other chains like the Binance Smart chain and Polygon
if you try to argument with this, how else do i have BNB in my Metamask wallet, transferred through BEP20
Thanks so much Guy, my question is WHY do you not have any of the DEX tokens in your portfolio?
Trezor is good but they should support bsc more easily. At the moment it seems only way to do so is via metamask.
I just wanted to say with the ledger live app you can send crypto to your wallet address (w/o verification if you don’t have your device on you). However to send out you do need your device on you. So I wouldn’t worry too much about that app on the phone
Ciao Guy.
Any reviews on xdefi wallet?
Beging for your kind insight on this.
I've recently been looking into Ngrave and the Zero wallet and I think I'll upgrade from my Ledger Nano X ASAP. With all the floods here in Australia a piece of paper as a backup just doesn't cut it!
A friend of mine used Dog tags for his PW😂
$5 wrench attack waiting to happen 🤣
Stamped into stainless steel washers: buried in a secret location. And protected with a ‘25th’ word that’s never written. That’s the seed phrase backup I recommend.
How about a review on the Tangem Wallet? It's pretty new. Great information. I'm enjoying your channel. Clear explainations. Thanks.
Consider this Guy. Once we have all taken all our crypto off of the exchanges, then all of a sudden it becomes scarcer for new buyers and any of us still DCA'ing. I see this as bullish. Any input please?
Great as usual,as a newbie, I had bought a trezor and was not very confident at useing it. With the recent carry on I decided to get it off exchanges and went to trezor suite I o , when I tried to connect a message said I needed to send my seed phrase as there was a problem. Well you can guess the rest, I knew you should never give your seed phrase but it was on the trezor I o site . I wish they had a proper app. Fortunately I did not loose that much and it was a very good lesson. Education always seems to be painful or expensive. So watch the sites and never give seed phrases
"... a message said I needed to send my seed phrase as there was a problem" *A huge red flag!*
Thanks for sharing this lesson - glad u did not loose to much
I must confess i have heavly reduced the amount off crypto i have on an exchange. I was staking some of my bitcoin but is 2% worth it? I don't think so, therfor its now all on my hardware wallet. I've also exchanged all the cryptos that i can't hold on my hardware wallet for something i can. Which is now all on there. I now only have a very small amount on my exchange which i stake.
I love the Trezor T wallet
I bought a new ledger nano X from a local reseller and you can buy it just make sure you first run the Ledger check and then reset the wallet once, so it will generate a new seed + you can open the wallet and look if there are any weird things.
Simply put, SafePal S1 is a FAR SUPERIOR wallet when it comes to safety and user-friendliness.
Would like to hear your thoughts on BitFi hardware wallet.
Strange. Promo price from Conbureau link is not working for Trezor. Checked 30min after video published
MetaMask supports other networks as well..? I use it with Avalanche, Binance Smart Chain and Polygon
I keep a small amount of cardano stored on youri wallet for staking. But al my other crypto is on my ledger x and in a fire proof safe in a emp safe bag . And i have two sets of metal key words and not in the same place one with my ledger and the pther just as safe .
yep, richard heart been saying this for years. people call him a scammer while trusting the ACTUAL scammers. time and time again.
Truthful people say things that may offend you. Scammers are charismatic and make you feel good about your bad decision. "Logically" the scammers have your best interest at heart since feelings are more important than facts(else ye be racist).
Since OpenSea requires confirmation from my MetaMask, and my MetaMask is controlled by me, possessing the private keys, am I really in sole possession of them except when I put them up for sale?
Is there any guidance available to get crypto off of Coinbase onto a Ledger wallet?….Wondering how straightforward it actually is and avoiding it going tits-up and not actually making it onto the cold storage?
Thank you brother 🙏 I've been following you for quite a while and appreciate your grasp of what's happening in our world at present! I'm wondering if there is a step by step video on moving crypto from coin spot to an Ellipal Titan with Ellipal Mnemonic metal? Or if you could point me in the direction of where I could find this please!? Thank you in advance and keep up the great work, regards!
Metamask doesn't only support Ethereum and ERC20 tokens. It allows you to store AVAX (C-Chain), FTM (not sure if that's ERC20 though), Polygon and BSC, you just need to set them up. It also supports Pulsechain
How do you set that up?
@@fredrickcallahan4292 you just add the network
I got a MetaMask set up through my ledger. That’s the best way to do it
@@MarylandGuy-ey3st I have that also but not always practical for small amounts, so I keep smaller amounts on a MM but my larger bags on my Ledger (also synced with MM)
A VERY important point with hardware wallets (Ledger/Trezor) is to ONLY buy from Ledger (France) or Trezor directly. Don’t buy off eBay. It’s too easy for your seed to be compromised. It costs a bit more and takes a bit longer BUT IT’s WORTH IT. Resellers have been known to buy the wallets, compromise it, and re-wrap with plastic wrap.
Leastwise, with Ledger, it's a simple matter to reset it and start fresh. So as long as the hardware itself hasn't been compromised, it's no problem.
Hi Guy, Thanks for the very informative clip on Wallets. I am looking to buy a Trezor and cannot find your coupon to obtain the discount and support your program. Can you please assist. Thanks V
Worth mentioning metanask can support Binance smart chain...
Arculus is sounding real good. And they are really starting to push it a lot. Can you talk about it sometime so we can get your thoughts on it?
thanx guy, couldnt thank you more..
Maybe I missed it, but I really like the passphrase feature some of the hardware wallets have for added security.
Good point. It is said to be only for advanced users, but it is easy enough and adds security once you come to grips with maintaining a secure backup. It's a form of defence against the $5 wrench attack. I would definitely use it if I had enough to worry about.
@@14lou Exactly. I even have multiple pass phrases, unfortunately only one can be used with a PIN. I don't hold much either, but thought it would be a good practice to start with right away.
Nothing I can do with staked ETH. Hope and pray I guess.
This is amazing. I hope you make a video about Grizzlyfi soon.its reliable and pumping
Great content and great channel. Thanks!
thank you
Am i correct in assuming my staked ETH on Coinbase cannot be transferred to my cold wallet?
Hi Guy, as always excellent video, both educational and entertaining. Purchased a ledger nano X and planning to move all my crypto off of exchanges. Should I also move my retirement funds off of Itrust?
I don’t think you can send your crypto to another wallet from itrustcapital, they don’t have any options unless you want to sell them.
Maybe trustless is a better option.
All my crypto is tied up in a lawsuit. Thank you SEC.
Haha. You can’t blame the SEC for not self-custody of your tokens.
£233.87 is the Trezor price not £173 ( $213 ) as you've stated? Has Trezor jacked prices again? Great video again Thanks.
Is tha World Cup gonna be big news for crypto, and is arculus good?