2024-12-26T09:04:10+0000

Learn to build your own Bitcoin vault: https://www.bitcoinuniversity.com/courses/76599-the-ultimate-guide-to-bitcoin In this video, I discuss the risks of using a hot wallet on your phone or desktop to store your long-term Bitcoin savings. Any device that can be connected to the internet is less secure and can inadvertently expose your private keys. By contrast, a good hardware wallet will both generate your private keys and sign your transactions inside the hardware wallet and will not expose these to the internet. Hot wallets on your phone or desktop are fine, but treat them like your physical wallet or purse. Don't keep more money in them than you would be comfortable walking around with. A phone is never a good place to store your long-term Bitcoin savings. Use a hardware wallet instead (single sig or multi-sig). Not investment advice! Consult a financial advisor. My favorite hardware wallets: https://blockstream.com/jade/ https://coldcard.com/ Don't Use Ledger Hardware Wallets: https://www.youtube.com/watch?v=ZJSW16j1F_Q&ab_channel=BitcoinUniversity How Multi-Sig Makes All Bitcoiners Safer: https://www.youtube.com/watch?v=_j4aSynAiX0&ab_channel=BitcoinUniversity Collaborative multisig: https://unchained.com/ Learn how to build your own multi-vendor, multi-sig Bitcoin vault: https://www.bitcoinuniversity.com/courses/76599-the-ultimate-guide-to-bitcoin I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals. #Bitcoin #hardwarewallet Disclaimer Neither Bitcoin University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video or at www.Trader.University (henceforth, “the Site”) should be construed as such by you. This video and the Site should be used as educational tools only and are not replacements for professional investment advice. There is a high risk in trading.