WORST Methods to Retailer Bitcoin [3 Mistakes to Avoid]

How safe are your bitcoin? Do not make simply avoidable errors in relation to your cryptocurrency safety and storage. Watch this video and ensure you’re not storing your bitcoin in one of many worst locations!

Chapters
0:00 What are the worst methods to retailer bitcoin?
0:16 Worst place to retailer bitcoin
1:56 2nd worst follow: Non-custodial, internet pockets, with out 2FA
2:31 third worst follow: Poorly secured desktop laptop
3:23 The perfect methods to retailer bitcoin

Andreas has been requested, “what’s one of the simplest ways to safe my bitcoin” however that is the primary time he is been requested what are the worst methods to retailer bitcoin. On this video, Andreas discusses custodial bitcoin safety, two issue authentication, non-custodial bitcoin internet wallets, and cryptocurrency desktop wallets.

This query is from the Open Matter Livestream Q&A, which occurred on Could 30, 2020. Watch the whole video right here: . If you wish to ask questions early (earlier than the stay occasion), grow to be a Group Builder on Patreon: . Patrons get early entry to ask questions, view talks, behind-the-scenes content material, and far more.

Associated Movies:
Bitcoin Q&A: Can Bitcoin Be Person-Pleasant With out Compromising Safety? –
Bitcoin Q&A: Climbing the sovereignty staircase –

Associated Workshop:
Discover ways to Select Your Cryptocurrency Pockets in Andreas’ newest workshop: . Use low cost code: NYKNYC (not your keys, not your cash) to save lots of 10% in your buy of the workshop.

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Music: “Unbounded” by Orfan ()

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50 COMMENTS

  1. Coinbase 100% Legit, Cold Storage can be risky when you pair with mobile or PC, if you lose keys, cold storages may require updates once you reconnect storage device to website and can get hacked. Exchanges have the least risk, can be tracked easier and can be sued. Coinbase Bitcoin Vault or go with BTC Card like a Wallet credit card.

  2. Funny thing is, it’s probably better to let those idiots have their money on exchanges, if they were forced to use trezor wallets more than half would likely lose their keys forever, whereas guys from exchanges could still help them with forgotten passwords.

  3. Can iO indistinguishablity obfuscation implemented to bitcoin and develop in a way that it can resist quantum attack?

  4. “The first three that I gave you are almost guaranteed to make you lose your money.”
    But please Andreas, let us know what you REALLY think!
    Chilling and brutally direct words. Andreas’ clarity and noble aims are a priceless gift for the Bitcoin community.

  5. Hello ! Can someone please guide me as to how to store my BTC & ETH from CoinBase to my Ledger Nano X ? Thank you !

  6. So if the coin is stolen, cant you trace were the coin’s history has been and see who has it in their ledger?

  7. Dont try to memorize the key thinking u wont forget. Yesterday i forgot the name of my favorite porn actress when i was searching for her

  8. This is not a challenging or glib rhetorical question– but a sincere one to learn what you think:

    Do you really think letting CashApp hold btc for me bears a non-trivial risk of that company stealing my money?

    It’s hard for me to imagine that happening, though in some kind of timeline where that goes down and I have no real recourse, things are so bad, I’ll really need that bitcoin

  9. I just bought a ledger X today with their blackfriday deal. Just wondering if its waterproof and if not are there any out there?

  10. What ever happened to just simply writing down the key. Am I out of touch? I thought this was the safest method, it was back in 2017 when I last checked. This bitcoin research shit is so time consuming.

  11. However, on some exchanges now, you can incorporate yubikey, 2fa using mobile authenticator, email and Sim. Some require just one to withdraw, some require multiple. Meaning someone would need to have your Sim, your email, your mobile authenticator and maybe even a hardware Yubikey. At that point the exchange is getting much safer from someone getting into your account. Also don’t most exchanges keep most funds in cold wallets these days? Some even offer insurance of your funds? Exchanges have come along way in the last 5 years. Thoughts on this? Nice if you can do a video reviewing which exchanges you think are the safest, both technically and also from a Jurisdiction and funds kept offline in cold wallets POV. Thanks.

  12. I really hope you reply to this comment πŸ™
    Where do the corporations and wealthy hold Bitcoin? Where do they purchase?

  13. How do you rate Binance ? They guarantee your funds with SAFU. They guarantee to refund your stolen coins.

Comments are closed.