Bitcoin Wallet | How To Keep Your Cryptocurrency Safe?

How to keep your Bitcoin safe? We all heard of Bitcoin scams and saw that cryptocurrency funds can be stolen, so that is why in this video we talk Bitcoin wallet for Beginners and how to keep your Bitcoin safe.

Hey there, my name is Nick and welcome to Indedicated - helping you protect and boost your wealth through financial discipline! And boost it we will by how to keep your bitcoin safe and what is a cryptocurrency wallet.

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Timestamps:
0:00 Intro
0:29 Agenda
1:00 Difference between Public and Private Keys
2:02 Public vs Private Key Example
3:04 Crypto Wallet Types
5:07 Trezor Hardware Wallet
5:38 What is Multi-Sig?
6:12 Multi-Currency Wallet
6:44 Hot Wallet Use Case
7:14 Cold Wallet Use Case
8:47 Do this!

Keeping your assets safe is one of the most important things you as an investor should be thinking about. What good is an insane profit, if you will lose it all due to theft or negligence. That is why we created this important video on how to keep your Bitcoin safe.

How to keep my Bitcoin safe?

The best way would be to not only use a secure Bitcoin wallet, but to use a hardware wallet instead of any apps. A hardware wallet is like a USB stick that allows you to access your funds, but isn’t constantly online. Being offline makes it un-hackable and can only be physically stolen.

What Cryptocurrency wallet should I use?

There are many wallets, but if you opt-in for a hardware wallet, I would suggest Trezor or Ledger. My preference is Trezor which is one of the best hardware wallets (check the Crypto Starter Pack section above for the link).

Bitcoin Wallet explained:

Wallets in the crypto space have 2 key features, public and private key. Public key, or more commonly referred to as a public address is a string of characters that is acting like a regular street address. If someone wants to send you funds, they will be sending them to that public address.
While nothing can happen to you if other people know your public address, you should never share your private key. A private key is used to send funds from your account, so anybody who has access to your private key can control all the cryptocurrency on that particular address.

Disclaimers:
*) All links provided in the "Crypto Starter Pack" section are affiliate links and I will be compensated for every qualifying sale. Most of these affiliate links actually come at a great discount for you!
*) Information presented in this video is for information purposes only and should not be construed as financial or legal advice. Please always exercise due diligence before taking any action.
*) Investing always entails risk and you are not guaranteed to make a profit when you invest. If you are seeking personal investment advice, please turn to a financial or investment advisor in your area.
*) The video is accurate as of the posting date but may not be accurate in the future., especially since crypto space changes rapidly.