In this video, I discuss where your Bitcoin actually resides when you put it on a hardware wallet.
Your hardware wallet holds your private key, not the actual Bitcoin itself, which is really just a number on the public blockchain.
I also discuss private keys, and recovery seeds, and how you can use them to protect your Bitcoin and achieve your own monetary sovereignty.
"Not your keys, not your coins." If you do not hold your Bitcoin private key, then you do not control your own Bitcoin. That is why I never leave my Bitcoin at Coinbase, and why I don't like GBTC or Robinhood's BTC.
I am not being paid or otherwise compensated by either Coinbase or Trezor. I have no affiliation with either of them, except as a happy customer. Actually not totally happy, since Coinbase customer support is terrible, but it's true for all of the other crypto exchanges as well.
Not investment advice! Consult a financial adviser.
Top 100 richest Bitcoin addresses:
https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html
Bitcoin blockchain animation:
https://chainflyer.bitflyer.jp/
Coinbase exchange:
https://www.coinbase.com/
Trezor hardware wallet:
https://trezor.io/
Trezor recover seed:
https://blog.trezor.io/learn-about-trezor-recovery-seed-offline-backup-fe235873c69f
What happens if Trezor goes out of business?
https://wiki.trezor.io/Security:Threats#SatoshiLabs_shutting_down
Matthew Kratter is the author of the Amazon best-seller "A Beginner's Guide to the Stock Market":
https://www.amazon.com/Beginners-Guide-Stock-Market-Everything-ebook/dp/B07S31TBF5
If you like my teaching style and would like to learn more about investing and trading stocks, options, and futures, be sure to check out my online courses here:
https://www.trader.university/join
Use this secret coupon code to get a discount: YT99
#Bitcoin
#HardwareWallet
Disclaimer
Neither Trader University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisers, registered investment advisers, 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.
Your hardware wallet holds your private key, not the actual Bitcoin itself, which is really just a number on the public blockchain.
I also discuss private keys, and recovery seeds, and how you can use them to protect your Bitcoin and achieve your own monetary sovereignty.
"Not your keys, not your coins." If you do not hold your Bitcoin private key, then you do not control your own Bitcoin. That is why I never leave my Bitcoin at Coinbase, and why I don't like GBTC or Robinhood's BTC.
I am not being paid or otherwise compensated by either Coinbase or Trezor. I have no affiliation with either of them, except as a happy customer. Actually not totally happy, since Coinbase customer support is terrible, but it's true for all of the other crypto exchanges as well.
Not investment advice! Consult a financial adviser.
Top 100 richest Bitcoin addresses:
https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html
Bitcoin blockchain animation:
https://chainflyer.bitflyer.jp/
Coinbase exchange:
https://www.coinbase.com/
Trezor hardware wallet:
https://trezor.io/
Trezor recover seed:
https://blog.trezor.io/learn-about-trezor-recovery-seed-offline-backup-fe235873c69f
What happens if Trezor goes out of business?
https://wiki.trezor.io/Security:Threats#SatoshiLabs_shutting_down
Matthew Kratter is the author of the Amazon best-seller "A Beginner's Guide to the Stock Market":
https://www.amazon.com/Beginners-Guide-Stock-Market-Everything-ebook/dp/B07S31TBF5
If you like my teaching style and would like to learn more about investing and trading stocks, options, and futures, be sure to check out my online courses here:
https://www.trader.university/join
Use this secret coupon code to get a discount: YT99
#Bitcoin
#HardwareWallet
Disclaimer
Neither Trader University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisers, registered investment advisers, 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.
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