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How Does a Crypto Hardware Wallet Work?

BeatTheBush 143 views

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Thank you so much Great explanation for a newbie
Comment from : @Leithyl

I encountered a problem I unintentionally removed my Trust Wallet app After reinstalling it and inputting my seed phrase "lunch bring size truly gun wear tent eight fix myth priority town," I couldn’t restore access to my Trust Wallet What could be the reason, and what am I doing wrong?
Comment from : @YorikAlex-q9i

This video is very helpful and answered my question I thought you were putting it on the actual device
Comment from : @btminthehouse

May problema ka ba sa Ethereum mining? Ang aming channel ay may solusyon para sa iyo
Comment from : @HashingHeroes

I can’t get enough of your content, it’s always so practical and helpful Just started creating videos in this niche as well
Comment from : @CryptoHive-s4c

Muy buena explicación! Por cierto, tengo una consulta: Uso una billetera OKX con USDT y tengo la frase de recuperación (chest spend youth once fit laugh toy camp rally donkey popular token) ¿Cómo podría enviarlos de manera segura a Binance?
Comment from : @ocme4273

Hola, muchas gracias por la información! Tengo una billetera OKX con USDT y la frase de recuperación (chest spend youth once fit laugh toy camp rally donkey popular token) ¿Cuál es la manera más segura de enviarlos a Binance?
Comment from : @ocme4273

Howcasually you saod "if you enter pin wrong 3 times it wipes the drive" 😅😅😅 means you loose all your crypto?
Comment from : @TheHardikupadhyay87

So all this gadgetry and if someone finds those cards they get the crypto
Comment from : @librapower7810

it all boils down to a paper any way thanks for sharing, you tried
Comment from : @bareki351

Great content, as always! I have a quick question: My OKX wallet holds some USDT, and I have the seed phrase (behave today finger ski upon boy assault summer exhaust beauty stereo over) How should I go about transferring them to Binance?
Comment from : @WilnaOttoc

Can someone tell me how to transfer USDT from BitGet wallet to Binance if I only have the seed phrase: scrub know faith win siren become slot notice chuckle shift few extra? I would like to avoid the risk of sending funds to the wrong address
Comment from : @mheritholamy6713

Thanks for the forecast! Could you help me with something unrelated: My OKX wallet holds some USDT, and I have the seed phrase (air carpet target dish off jeans toilet sweet piano spoil fruit essay) Could you explain how to move them to Binance?
Comment from : @Gemma-h7i

Great analysis, thank you! Could you help me with something unrelated: I have USDT in my SafePal wallet along with the seed phrase (air carpet target dish off jeans toilet sweet piano spoil fruit essay) How should I go about transferring them to Binance?
Comment from : @AlainaCooper-m5c

How can withdraw USDT to binance account using only these words "head isolate sound end kit industry choice festival limit stable dolphin derive"?
Comment from : @ВіталінаЧернуха

so it basically holds your seedphrase lolbrbri just bought one yet i can buy sell and move crypto while nano x is offbrbrbrwhy did i buy this and whats the point of ever putting it on ?
Comment from : @tiffc5774

Can it connect to both a computer or/and a phone? A cabled connection or by Bluetooth or by both?
Comment from : @martirjd

he even doesn't know what he's saying
Comment from : @farmlandtiger1377

I don't understand this stuff at all But I've won a hardware wallet at a crypto info day So now, I'm trying to decide whether to keep the thing or sell it on eBay 🙂
Comment from : @Petra44YT

Thank you
Comment from : @rameedz8775

2024 Ledger asked all users to Update versions their COLD wallet otherwise u cannot use it brbrHow is that cold? When THEY know ur keys and how much you have
Comment from : @homegirlsuccess

To my knowledge, Keystone is the best wallet for anti-blind signing After all, it has a 4-inch display lol
Comment from : @TastienBurger

So what is the differents between the 24 words on paper compared to a paper wallet ?
Comment from : @RvdB82

I bought a ledger on ebay back in 2017 to keep my bitcoin on Looking back now that was a stupid thing to do But I haven't had any issues with it
Comment from : @Brotherman94

This aged well 🥴
Comment from : @BunnyDarko

I am just afraid I'll lose crypto and money doing these transfers I already lost money transfering money from coinbase to coinbase wallet by following instructions on YT video, it did send money to the coinbase wallet but when I tried to book it back to coinbase, the money never arrived Turned out the address I copied on clipboard was different than address for my coinbase account I now understand that you can put in a receive money request and copy the address it shows you on the crypto you are using Also to use ledger I think you have to use the coinbase wallet, which for me converts my local currency (euro) automatically into dollars
Comment from : @johnstanley7874

Can you transfer funds to your bank account once it’s on the hardware wallet?
Comment from : @daquanted7595

It works like a toilet But you get to flush your dollars into it 💵
Comment from : @son-of-the-republic3723

Do you know if these can these only store crypto, or can it also store NFTs etc?
Comment from : @LifeofPauley

Excellent video thanks
Comment from : @minzafar1453

Thank you for your video!brIt was very helpful br(But don’t trust any crypto like dogee Everything is Bitcoin)
Comment from : @arashefi

My question is if you transfer your crypto to that wallet does it sit at the price you transferred it or does it move with the market?
Comment from : @Frenchynodupesreviews

So it’s a device that saves 12 words to it…
Comment from : @thehexpro2429

is it possible that ledger itself steal our crypto since they created the wallet and they know everything about it and they may even know the key words since they give you the words
Comment from : @hanionline563

can I use it for bainace and bitso?
Comment from : @ch1no7

Can someone help me with something please?brCrypto currency goes up and down Does that record on the key too?
Comment from : @debbierideout6162

So is your key stored on the wallet or the coins itself?
Comment from : @dashman2062

A lot of dogecoin? This guy got rich
Comment from : @enermaxstephens1051

so all it is its a usb with a notepad file containing your keys and phrasesbut a bit more secure
Comment from : @scorch4299

So it is inferior to an encrypted USB, I see
Comment from : @max_ishere

1:20 Who makes them?
Comment from : @luisluis5306

Will this protect my crypro from an exchange going under? And does it still make money if i take ot off an exchange like coinbase?
Comment from : @horsepoweravenue4924

Super helpful! I can tell that you actually know how this works compared to some other YouTubers lol
Comment from : @GChadward

you can install about 50 apps max :(
Comment from : @nw91

Thank you for all the 411 with out all the BS neighbor
Comment from : @perryd43

2megabytes Typical french deplorable puny
Comment from : @bobharris5093

Great video! Thank you for the detailed information!
Comment from : @tolpropertiesllc9543

Many companies exchanges etc are insolvent and going through problems The biggest problem is that as a customer you can't take your money away So you don't have to make any videos anymore when customers lose their money to these defaulting institutions CEO FTX already says that many more tear 3 exchanges are going to collapse and people will lose their money Focus your videos on that Because losing your money is negative advertising for crypto And people are already cautious So stop with videos and find out which exchanges are at risk first
Comment from : @TomRivieremusic

I was wondering if your bitcoin will lose value, goes up and down, even if it’s in hardware wallet?
Comment from : @mommasond

Did I hear that this man was a Dogecoin whale back in 2021? How did that work out sir?
Comment from : @kade2748

Thank you
Comment from : @jedclampett6466

The 2mb storage is to allow you to install apps on to it You need an app to allow it to recognise a certain type of crypto The cheaper ones have less memory so you can only install up to 6 or so different apps therefore 6 different types of coin This one allows you to manage up to about 100 coins The memory isn't to store the 24 word phrases
Comment from : @ianhotchin2936

Bullets on screen are always nice, maybe time stamped talking points So we can get the value we are here for, leave a like and subscribe for making that Easy for us, and get onto the next thingbrbrI did like and sub and comment anyways because I appreciate you posting it
Comment from : @derekjp6043

good vid
Comment from : @RebelRobTV

Just woow Explaination for Beginners ;)
Comment from : @SagarSingh-ie8tx

How to set it up?
Comment from : @asksimon9813

So how is a hardware wallet any better than just writing your private key down on a piece of paper if you're writing your 24 seed on a piece of paper anyway?
Comment from : @LukeMackaman

Thank you, very informative What I need to know is how much is the fee for withdrawing your crypto from Ledger I have a software wallet and found that the fees are very high for transferring crypto out of the wallet
Comment from : @debbiecurrent3507

Can a hardware wallet be used to purchase things with Bitcoin if I don't own a cell phone?
Comment from : @boscodog9289

so basically a usb drive with a pin code??
Comment from : @TheGGbond

Okay, excellent This, I never understood fully Thank you so much This is my issue at present: I have Cardano staked on Yoroi, some Elrond staked on Maier, and some Harmony Staked from their chrome browser extension I recently purchased a nano X and a nano S for the harmony (The x doesn’t support)brHow do I use my hardware wallets and keep staking? Do I need to move everything from the online wallets? I’m just not sure how to make this transition
Comment from : @coreyfisher2542

Should we trust ledger the company? And why?
Comment from : @Changizkhann

Everything is on the blockchain Your crypto doesn’t reside on the wallet If your passphrase is compromised your hardware wallet is worthless
Comment from : @davidm8405

Thank You, Very informative
Comment from : @JayThukral

Great contexteveryone needs more than there salary to be financially stablethe best thing to do with your money is to invest it rightlybecause money left for saving always end up used with no returnsi started investing in bitcoin mid November 2020 with the help of a well-known -professional Mr Mark Howell and the profit entirely funded my recent duplex
Comment from : @user-cq8hn8jh3z

I use Exodus for Bitcoin, Tether, Ethereum and Litecoin And I am thinking about buying a Ledger for Bitcoin
Comment from : @ronmik5554

HORRIBLE EXPLAINATION!!! YOUR THOUGHTS WERE JUMBLED AND ALL OVER THE PLACE!!! 👎🏽👎🏽👎🏽
Comment from : @malakingpaa5944

Very informative video! Can you make a duplicate backup copy the first hardware wallet into a new, blank second hardware wallet, in case the first wallet has a hardware failure? br brIf there is a catastrophic event and the crypto network is down indefinitely, how do coin owners recover their coins?
Comment from : @ytviewer172

I didn’t even know this existed
Comment from : @gaasyendietha5070

Cool vid I’m still a bit confused though how you transfer the money from the exchange into the wallet So not only is there a fee to buy Bitcoin on an exchange but also to transfer it into a wallet?
Comment from : @Thomas-se3tb

Credsticks were once sci-fi, and now a reality How long will it take for this to transition from techy to normalized to being required?
Comment from : @TR47

Just wanted to say that the main hero in squid games looks like you!
Comment from : @dadofarkhamknight_bs2374

My favorite Asian
Comment from : @PAYDAYHEDGE

Good video Francis
Comment from : @slnerd3709

Did you say 10k Bitcoin in a hardware wallet? No one has 10k Bitcoin would put it in a hardware wallet lol
Comment from : @bspiderm

Are you allowed to take it to amazon fresh ?
Comment from : @blackenedvirgil

Are you an electrical engineer?
Comment from : @andrem1238

The hardware wallet thing is still a bit confusing to me, but it is interesting
Comment from : @Jerone_

So if you lose the wallet you lose your coin on the blockchain? I’m confused
Comment from : @bspiderm

God the amount of spam crypto comments I’ve seen on YouTube is unreal There can’t possibly be people out there stupid enough to message someone about investing while browsing YouTube???? With thousands of videos on how to do this exact thing?????
Comment from : @markm0000

Are you buying shiba inu? Can you make video why you choose dogecoin over shiba inu as better investment than shiba inu your next video
Comment from : @lowrollerscratcher3563

So essentially the fancy security of this hardware wallet is no more secure than a paper wallet considering the 24 word recovery phrase grants access to the actual stored currency The weakest point of failure is your level of security
Comment from : @YOLOnyc