2024-12-26T09:06:07+0000

Ultimate Guide To Bitcoin Course: https://www.trader.university/courses/38824-the-ultimate-guide-to-bitcoin Use the discount code YT99 to get the best price. In this video, I discuss why it is so important to withdraw your Bitcoin from an exchange and store it on your own hot or cold wallet. Phone wallets (hot wallets) are great for amounts up to a few hundred dollars. For larger amounts of Bitcoin, you are better off using a hardware wallet like the Trezor, Coldcard, or Blockstream Jade. For this type of cold storage (where your private keys never touch the internet), you can use single-sig (one hardware wallet) or multi-sig (a few hardware wallets, where 2/3 or 3/5 or some quorum like that must sign). When people leave their Bitcoin on exchanges, it opens up the entire ecosystem to unnecessary risk, and makes it more feasible for a government to confiscate Bitcoin from the exchanges, like the US did with gold in 1933. Not your keys, not your coins! Not investment advice! Consult a financial advisor. How to Buy and Store Bitcoin (The Right Way): https://www.youtube.com/watch?v=GpWH0d06YJM&ab_channel=TraderUniversity Binance halts withdrawals: https://cryptobriefing.com/binance-halts-crypto-withdrawals-citing-large-backlog/ Coinbase can freeze your account: https://help.coinbase.com/en/coinbase/other-topics/other/does-coinbase-freeze-accounts Understanding Bitcoin private keys: https://www.youtube.com/watch?v=oR5TwVxhNG4&ab_channel=TraderUniversity When the US gov stole all the gold: https://en.wikipedia.org/wiki/Executive_Order_6102 Best wallets for your phone: https://muun.com/ https://bluewallet.io/ Why to avoid Ledger hardware wallets: https://decrypt.co/52118/hacked-ledger-database-dumped-on-raidforums Good hardware wallets: https://trezor.io/ https://coldcard.com/ https://blockstream.com/jade/ Hide Your Bitcoin Using These Two Cool Tricks: https://www.youtube.com/watch?v=zvfwRsz4a70&ab_channel=TraderUniversity Check out my online trading courses: https://www.trader.university/join Use this secret coupon code to get a discount: YT99 Check out my Bitcoin book: https://www.amazon.com/gp/product/B08RX8Q4ZQ/ 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 #HardwareWallets Disclaimer Neither Trader 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.