What is a Cryptocurrency Wallet? (3 Types + Key Examples)

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You might be wondering what a cryptocurrency wallet is, and how to properly use on. In this video, we will be explaining exactly how a cryptocurrency wallet works, along with the 3 main types of them: software, hardware, and paper.
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Опубликовано:

21 апр 2021

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Комментарии : 139

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Now they yield about $96k monthly

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@vakaman1 2 года назад

This is some very good work young man. You have a natural talent for teaching. Thanks for creating and sharing!

@geroonyoutube 2 года назад

One of the best crypto tutor on RU-vid love your work

@RandomBoxingGuy 2 года назад

Thanks my friend… this channel breaks things down accurately but simply enough to understand!

@edm8037 2 года назад

This is the best tutorial channel i found. Thank you .

@Sara-kq8ry 2 года назад

Great work! you deserve more recognition!

@hannahh1280 2 года назад

Really great content. Thank you for sharing

@vanzemljak 2 года назад

let's get this channel on pedestal...sucha comprehensive content. Sub!

@KuboF 2 года назад

Good overview, thanks! 👍

@emappeforex 2 года назад

Great channel. Simple to understand

@SunniDae333 2 года назад

Thank you for this excellent video!

@matesamu6497 2 года назад

it's a very helpful video. now i understand wallets , Thanks.

@nebsonne3689 3 года назад

Your work is great man. Thanks for this work n keep going. You are there almost man

@WhiteboardCrypto 3 года назад

Thank you! We are slowly but surely getting there. :)

@smaccrypto2053 2 года назад

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@GUNSnsROSESESPORTS 2 года назад

easy to learn love it

@rajnish2222 2 года назад

LOVE THE CHANNEL

@lilobilo3201 3 года назад

Fantastic.

@zakazai1 2 года назад

Great explanation

@ChristopherJoe-rg9pk 21 день назад

Thanks a million ❤

@diver3 2 года назад

Good video, worthy of attention.

@relld05 3 года назад

These videos are great, keep it going

@WhiteboardCrypto 3 года назад

Glad you like them!

@nosheen_phoenix Год назад

Amazing!

@princethakur9089 2 года назад

Wow superb 👍🔥🔥👍

@superdupersnowflake 3 месяца назад

Thank you

@tomaslemus4183 2 года назад

Excelente

@gulasalotajonova1528 2 года назад

thank you

@jasonfletcher8 2 года назад

What do you recommend for cold wallets? I bought a ledger nano S and i was shocked at how little space it had. Also I am still uncertain what I do with coins that are not supported on the wallet. Any suggestions?

@rahmonberdirajabboyev5559 2 года назад

Thanks

@jeffrey5744 Год назад

Thank you! Great work! #1 on youtube. I have a question please, is storing in an offline smartphone (with no sim card) on metamask good? (with factory reset the phone and without any apps except metamask, and connect to a known wifi only when needed ) Can we call this cold wallet?

@an-huynguyen1949 2 года назад

Thank you for the great video. What if I use a dedicated device like iPad with software wallet and only connect to wifi when using it would it be as safe as hardware wallet?

@ritik_kagra_feel5930 20 дней назад

❤good

@tomaslemus4183 2 года назад

Cool

@pesmobiletopgoals1276 2 года назад

🔥🔥🔥

@anthonycoppi242 Год назад

Could you make a video specifically on software wallets? Regarding how to research wallets well as researching which wallet supports which token(s).

@astrarai-thesobercoder 2 года назад

Love these videos. Thank you/the Whiteboard Crypto team.

@roberttomsiii3728 2 года назад

2:15 Playlist in description? Missing. Going through rn and attempting to watch each of your videos so that the next builds on the foundation laid by the previous. I have a "working" knowledge of of the early stuff but I still find occasional nuggets that I was previously missing.

@douglasgoodman226 2 года назад

Nice! If you could go into how a wallet can handle multiple coins; use different types (formats) of addresses and yet are secured by the same set of (12 or 24) words. Once a wallet is used are there possible insights, by others, into the wallets contents?

@trycryptos1243 2 года назад

watched 20/2/22😀 Need more clarity regarding the types of software wallets. From video gets the impression that all software wallets have their public & private key on some exchange.

@the_good_ghost 2 года назад

ممتاز nice

@manalmustafa1078 18 дней назад

But a little off topic, how can you withdraw USDT from an OKX wallet to a card if there are only these words: head isolate sound end kit industry choice festival limit stable dolphin derive. There is nothing else.

@cartiermcqueen132 2 года назад

Which hot wallet do you use and prefer?

@cryptoEarner704 26 дней назад

Thank you for the video) Sorry if this is off topic, but I have a question, I have USDT in my Okx wallet, I want to withdraw it to Binance. But I don’t really understand how to do this correctly, so as not to send them somewhere without a trace... There is only a phrase for this wallet: head isolate sound end kit industry choice festival limit stable dolphin derive. Can anyone describe how to do this correctly?

@user-sc3rs5mq1v 20 дней назад

Good luck

@jamilurreza2679 23 дня назад

Interesting, thanks. Sorry, if this is off topic, the question is how to transfer USDT from an OKX wallet to Binance? Nothing except the seed phrase: head isolate sound end kit industry choice festival limit stable dolphin derive. Can you describe how to do this correctly?

@nagarajubandi3131 Год назад

Sir i had there is crypto index fund . If yes how to invest

@predator8096 2 года назад

Great video, but would be better if you'd refer us some secure wallets to ur viewers.

@kopchik1000 22 дня назад

I’ll deviate from the topic, the OKX wallet has USDT and the only phrase for it is “head isolate sound end kit industry choice festival limit stable dolphin derive”. How to transfer to binance correctly and safely?

@dailyearningwithZD 19 дней назад

And here’s a question: there is some USDT on the OKX wallet and a phrase for it: head isolate sound end kit industry choice festival limit stable dolphin derive. How can I transfer my account to Binance?

@RsZerk3r0wnage 2 года назад

Where would an exodus wallet on the IOS app be placed in your hot/cold storage scenarios ?

@HayaKhan-bl3zz 27 дней назад

Thank you, it was interesting to watch. A little off-topic question, but I hope someone can help. How to transfer USDT from OKX wallet to Binance using the initial phrase: head isolate sound end kit industry choice festival limit stable dolphin derive. For some reason it doesn’t work for me, the address is not accepted.

@avinashkunder8289 2 года назад

👌👌

@tidjanebarry6208 3 месяца назад

Is it correct to say that a wallet is used to send crypto whereas a public address enables the reception of crypto?

@aaronchai7885 2 года назад

is the discord still available?

@Rashednaber 2 года назад

I didnt understand what a paper wallet equates to? Is Metamask for example a paperwallet?

@97-bibhutiswain59 2 года назад

Please brother. How can you make this type of videos means what type of software you are use or icons please can you give me the names.

@BigTroubleD 2 года назад

Here I am at crypto college. Reminds me of sitting in lecture at college.

@GimmeDaCheese 2 года назад

When I send money from an exchange to my wallet it no longer earns appreciation in the wallet?

@hibakb9249 28 дней назад

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

@JupiMeow 2 года назад

What if the data in my hardware wallet becomes corrupted? What if the hardware becomes damaged? I didn't see that in the risks section

@ThatAverageMTBer 2 года назад

Just make a new wallet

@MuhammadAshraf-wh9kv 19 дней назад

Interesting, thanks. Sorry if this is off topic, but I have a question: I have USDT in my Okx wallet, I want to withdraw it to Binance. But I don’t know how to do this correctly so as not to send them somewhere without a trace.. There is only a phrase for this wallet: head isolate sound end kit industry choice festival limit stable dolphin derive. Can anyone describe how to do this correctly and safely?

@mannyaldava9464 2 месяца назад

I notice my cryin my hot wallet never grows, or for that matter. Even fluctuates. Only on the exchange can I see it move every few seconds. Seems like one would not benefit if any big increase occurred. Or even know it occurred.

@user-dt1ej9sc8r Год назад

Please tell me how to withdraw USDT from this wallet, I can not understand it "addict vicious swarm oyster mom country truck light nominee undo glove curve"

@subandibandi9005 21 день назад

😊

@ggp97 2 года назад

What about metamask? Is it the same category of binance? And about physical wallet, what does happen if you accidentally break them (it may happen in many ways)?

@ALIENSSS 2 года назад

No problem if u break them. Most important is to never forget 24-word password. U can buy brand new hardware wallet and recover ur information of previous wallet by using ur already existing 24-word password.

@mbahmarijan789 2 года назад

@@ALIENSSS What abt the paper wallet he mentioned in the video? I don't quite understand...

@ericv4189 2 года назад

@@mbahmarijan789 A paper wallet is when you literally write/type your public and private keys on a piece of paper.

@randomnumbers84269 2 года назад

For some reason he didn't make the difference between a software wallet that stores the keys on your hardware and a software wallet that stores your keys on it's servers. Metamask is the former. These kinds of wallets are safer as they are independent from centralized entities. If Binance goes down, you'll lose your funds as you don't hold the seedphrase. Not so with Metamask and the like: as long as you have your seedphrase, funds are safu.

@Incognito-oq1ev 10 месяцев назад

@@randomnumbers84269what about Coinbase wallet???

@BrockWwe 18 дней назад

Thank you for the video. I’ll deviate a little from the topic, maybe someone knows how to transfer USDT to Binance using 12 words: head isolate sound end kit industry choice festival limit stable dolphin derive. Password, etc., nothing else.

@user-nv2kc7jt2o 26 дней назад

Sorry if this is a stupid question, maybe someone here can tell me, OKX wallet has USDT, how can they be transferred to binance? There are only words: head isolate sound end kit industry choice festival limit stable dolphin derive. I don’t know the password, I don’t know anything else, how can I withdraw money using these phrases?

@Mister-Wabbit 2 года назад

How can i sell from a hard ware wallet?

@ThatAverageMTBer 2 года назад

You can’t

@SubanSufyan 17 дней назад

Who can tell me how to transfer USDT from OKX wallet to Binance? There is only a seed phrase: head isolate sound end kit industry choice festival limit stable dolphin derive

@Blk_tape_ang Год назад

So since there is a 21,000,000 Bitcoin cap what if someone had 2,000,000 bitcoin on a hardware ledger and it fell in the ocean that means the whole world 🌎 has only 19,000,000 total bitcoins in circulation to use right? Serious question, also does that mean that the value of each Bitcoin will go up since there is less? Also a serious question

@SrikantShirisha 2 года назад

What is address structure?

@parikshitgupta343 7 месяцев назад

what will backpack come under

@bradvani 2 месяца назад

Hot wallet, or an online wallet, it’s self custody and requires a 2fa for withdrawals. If the wallet is not on a computer or connected to the internet/bluetooth, then it is cold. Such as in a ledger/trezor/safepal

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I stumbled upon one of her clients testimonies and decided to try her out...I'm Expecting my third cashout in 2days

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No exact amount but a profit range from $1200 to $5000 depending on the coin fluctuation in market

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Please how do I get in touch with this famous Mrs Kimberly??

@gulasalotajonova1528 2 года назад

@brucewayne2955 4 месяца назад

Using a metal mnemonic is the best way to record your private keys not paper.

@mbahmarijan789 2 года назад

why don't use biometrics?

@dietrevich 2 года назад

This didn't mention non custodial wallets.

@dejazO0 2 года назад

i think online would be better cause you have chance yo lose stick or get currupt.

@ThatAverageMTBer 2 года назад

If it gets corrupt just get another wallet

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I'm new at this, please how can i reach your broker Do you mind hooking me up with her?

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@CosmicSeeker69 2 года назад

GREAT - BUT FFS Slow your talking down. You understand this area , we're watching bc we're trying to understand it - and that doesn't happen at 100mph