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Best Ways to Store Crypto in 2021 with detailed Risk Analysis of each technique.



#BitcoinStorage #CryptoStorage #HardwareWallets #ColdStorage #NotMyKeysNotMyCoins

Hold your cryptocurrency investments protected. Are you conscious of all of the choices and nuances? Have you ever profiled your wants? Is your crypto safer on apps or exchanges …or is it higher if you happen to take management of your individual storage?

Crypto Consumer Loses Over $100,000 in Bitcoin Whereas Transferring His Pockets – THIS PROVES THE IMPORTANCE OF WHAT I TRIED TO STRESS IN THIS VIDEO!!!!! 4% of Bitcoin are misplaced yearly. Do not BE IN THAT 4% my pals!

An in depth evaluation of one of the best and worst methods to retailer your crypto in 2021. We define all of the strategies, benefits and downsides of every from a threat and profit perspective.
Plus, cold and hot storage throughout all apps, exchanges, net, cellular and all of the totally different pockets varieties.
TIMESTAMPS
0:00 Intro – threat and threat administration
0:45 Scorching wallets, chilly storage and exchanges – who you’re and your threat profile
1:00 Cash within the math and look ahead to scammers
1:30 Not your keys, not your cash
1:59 20-26% of all Bitcoins are misplaced eternally
3:06 Self-survey – how accessible do you. want your cash to be, geography? tech-savvy? How one can handle your individual crypto
4:20 Hold your non-public key protected
4:50 Ledgers
5:10 Do not buy a second-hand ledger – malware
5:25 {Hardware} hazard
5:33 Misplaced keys even Elon Musk
5:48 Dying or incapacitation – have your contingency plans arrange
6:40 Do not dial a fallacious quantity – do that take a look at first
7:00 Storage strategies
8:01 Exchanges
8:27 Apps
9:00 Digital Wallets versus Chilly Wallets
9:38 Net Service Wallets – ensure you have your two issue or multi-factor authentication arrange
9:51 Desktop Wallets
10:27 Cellular Wallets
11:00 Paper Wallets
11:14 {Hardware} Wallets
11:30 See Phrases and PBKDF2 and BIP39
12:12 Your safety or theirs?
12:52 Conclusion – steadiness safety and comfort with important mass, geopolitical and familial threat.
13:30 Thanks and pls subscribe and hit the bell if you happen to prefer it

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31 Comments

  1. Confused about how to store my crypto. Well now just confused an anxious 😉 Kidding great video and my mind has been running the same scenarios

  2. With the Crypto crash, would you still trust a public house like Coinbase even though they might be facing an eventual bankruptcy? These companies aren't that old

  3. Many think that this is not the right time to invest in cryptocurrencies due to the dip in the price of bitcoin, but with an expert trader like Sean Travis Anthony, the fluctuation in the price of bitcoin does not affect my investment with it. I always make big profits as a result of him being my trader.

  4. I would like to see you address the issue of bankruptcy of wallet holders like Coinbase. Any company that releases an announcement to the effect that they are in no danger of bankruptcy raises the question in my mind ….

  5. Great vid, thanks! A friend of mine came up with this idea for TRULY protecting one's 12 words, I'd love to get feedback.

    Basically, I convert my 12 words into their corresponding numbers (from 1 to 2048). Then, I perform an operation using a secret number (like my girlfriend's birthday). Let's say it's April 21 or 421. If my first word is "abandon" then it's 1, so I just add 421 and it becomes 422, which corresponds to "cruise."

    I do the same for the other 11 words, so I get 12 fake words. I engrave these fake words on metal or titanium (to fool the hacker or robber into thinking they MUST be the real words, otherwise why would someone engrave them?). This way, even if my 12 words are stolen, it's impossible to guess what the REAL words are (the robber would have to know my girlfriend's birthdate as well as the arithmetic operation (in this case, it's just adding the birthdate, but it could be more complex like adding the month but subtracting the day). Thoughts anyone? Thanks!

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