💳Ledger Cold Wallet➡️
💳Trezor Cold Wallet➡️
💳Safepal Cold Wallet➡️
Exchanges control your coins and can rob you, hot wallets aren't always secure. So what's the best way to keep your crypto safe? A cold wallet where YOU control your keys and your crypto. In this video, I'll not only show you WHY you need a cold wallet, but I'll also give you my reviews of several of the most popular cold wallet brands so you get a better understanding of what works best for you!
0:00 Intro
0:39 How 2 HODL
3:58 Ledger
5:33 Trezor
7:19 SafePal
8:28 In Conclusion
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All of our videos are strictly personal opinions. Please make sure to do your own research. Never take one person's opinion for financial guidance. There are multiple strategies and not all strategies fit all people. Our videos ARE NOT financial advice.
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I’m waiting to see which wallet will allow connection to FLARE dapps.
D’Cent does
I got the NanoX love the Bluetooth.
blabla I can shut off the Bluetooth when not using it.
Please do one on D’cent and Ellipal. Thanks
D’CENT is great. Bluetooth and updated regularly. Good dev team.
@Mark Gutierrez Thank you for your comment, I’ve gotten semi comfortable with the ledger nano S . Does decent allow you to Store H Barr & Songbird? I can figure it out. Thanks
Yes. DCENT is great!
Thanks for sharing, what about the NGRAVE Zero. That one is the most secure.
They don’t sponsor him.
Very informative!!! đź‘Ť
Glad it was helpful!
Great info thanks Ben 🙂
My pleasure!
A review of hardware wallets deserves a more comprehensive discussion. This presentation is incomplete. Arculus deserves a review as does BC Vault and others as well. The pros and cons of each wallet should be recapped for reference for newbies and oldbies alike.
He’s only gonna review the ones that sponsor him.
You should create the video then.
@Khalid Bey ikr
Hi BitBoy, I don’t understand, when speaking about Ledger specifically, how can someone sell coins (other than btc) and then transfer money to personal banking account; this is other than transferring the coins back onto a platform? Is there a way to do this?
@Rich Lewis I think it becomes taxable when you sell it and make profit, but you can claim it as a loss if you sell at a price lower than when you bought it. I don’t think it’s taxable if you move the coins from your cold wallet to the exchange
@IndiOdyssey Thank you for your reply. So basically, move the coins back to the platform like coinbase and then sell them there, then deposit into bank account. Thank you. Yes, still early stages…hope it gets easier than that one day 🙂
@IndiOdyssey My concern also, is that we are then going back onto the exchanges we are trying to get away from lol
@Margo Mal yes, that’s what I’m doing. I’m sure it will get much easier in the future! But we are the pioneers! Onward!!
@Rich Lewis moving crypto is not a taxable event. You only get taxed when you sell for a profit. You actually get a tax break if you were to sell at a loss
Good video. Keep videos like this coming, maybe less livestreams?
Everyone LOVES the livestreams.
Hardware wallets need to update the chains so that we can move things in BSC or Tron for sure other than ETH that is so expensive.
Respect to you for your kind words regarding Richard Heart previously
Hey Ben, thanks for the video. After all of the recent crypto activity, I invested in a Ledger Nano X which is where I store most of my assets, but can’t figure out how to get my thorchain on there so I have on a Trust wallet. Anyway, was curious if you have checked out an Arculus wallet? Seems like a pretty good idea, but I don’t hear anyone talking about it. George mentioned he was testing it out on one of his recent videos though… Thanks for all you do.
I’ve wondered the same thing.
Great video, appreciate all you do for the community. only suggestion, maybe add or talk about how many different token/coins they actually hold at a time. I bought Nano S was all excited, but they only hold so many apps. 2 of the coins had small apps, the third took up the rest of the space. so my Nano S only holds different tokens/coins. Newb mistake and I’ve learned, but might help others to know, a simple extra $100 might double or triple your capacity. Anyway, thanks for everything you do for the community.
I did the same thing. Went back and bought a Nano X.
Can you post a tutorial on how to use ledger?
I keep my BTC and USDT in Atomic Wallet for a long time and this wallet suits me fine
Love these type of videos, keep up the great work 👍🏻
Love these type of videos, keep up the great work 👍🏻