Thank you, sir. You have that gift some school teachers have. The ability to -connect- with your audience/students even though the subject may be out of their depth. Too bad you can't see your reward which is the spark in the eye of that kid in the third row 2nd seat who "just got it".
I must say that this is a very well explained and very helpful, informative video that should be shared with the entire crypto (specifically bitcoin) community. Great job on this informative video cryptodad! Keep up the great work! 👍😁👌
Great video! What happens if I have 5 dollars in one address and 15 in other and need do send all of them of someone? Do I have to do something myself or the wallet software does the accounting for me? Does this makes me pay more for network fees?
Glad I saw this video. Had recently noticed that my Ledger Live transaction history showed different Bitcoin addresses and even though I saw my total balance that I had accumulated over time. I was slightly nervous that maybe I had somehow been sending to different addresses by mistake 😅
I had the same doubt too. And do you know how it works if you want to withdraw all your BTC at once? Does it work because the BTC "balance" has several addresses.
One of the best books on the subject: www.amazon.com/Mastering-Bitcoin-Programming-Open-Blockchain/dp/1491954388?nodl=1&dplnkId=dcb8f3c8-3244-4fd8-b289-d30b6515a893
Thank you sir, I was trying to figure out how it works. I read an explanation on a few sites but it was still confusing to me. Now you made it all clear and simple.
Hi, do you know how it works when sending Bitcoin from the main account ? For example you have 1 BTC combined from whole list of generated addresses and you decide to send it. In this case how it will happen ? Does it charge every account with gas fee for transaction ? Thanks
I have the same doubt too. Did you know how it works if you want to withdraw all your BTC at once? It's possible? How does the ledger choose which address to withdraw BTC from?
Hello. I just viewed your short about time period for Bitcoin. I made a transaction in July 7th at a low rate and I am still waiting. The part that I don’t understand is why the transaction date keeps changing. At the 30 day mark, the date changed to August 4th, then last night I noticed the transaction date changed to August 28. I really need this transaction to go through. Any help or information would be greatly appreciated.
I have a wallet address I have sent BTC to twice. But I don't know where the wallet is. HOW can I now access / transfer this BTC to another more secure address? Help!
Hello everybody. I have a question, I have a ledger and I made several BTC deposits that generated several addresses and my question is if I want to withdraw all the BTC, will I get it from all the addresses at once?Or how the ledger chooses which address will withdraw? This is where I get a little confused.
Thanks for doing this video! I have a Ledger and was wondering why it always generated a new address compared to some of my other wallets ( I had a suspicion). Now I know.
Hi cryptodad, very helpful and well explained video. Though I'm wondering if it's possible to use a former receiving address that ledger live generated me like 3 months ago( like the old ones you show at 4:40)? Should I be able to receive funds? I assume it's possible but I would like your confirmation Thank you
Yes, as long as you are still using the same account. All previous addresses will still work, no matter how old. If you are unsure, then do a small test transaction first.
when you go send a larger transaction, does the Wallet automatically combine the necessary bitcoin from the various wallets? Do you get to choose which UTXOs to use?
Hi CD, I was watching videos on protecting your bitcoin from quantum computing, and they said the best practice is to only use an address once, so the address or signature doesn't appear on the blockchain. I don't understand what that means, especially after watching your video. All your addresses are still appearing on the blockchain, even if you just created it and made once transaction. Do you know what they are talking about? How can you create an address, and use it once, and not have that address appear on the chain?
hello question how can you cross reference you total amount in your leger wallet.. reason being since i have updated my ledger it saying i have a lot less BCT before the update ?
There are many good wallets out there. Mostly depends on personal preference. I like the Ledger Nano X Hardware wallet. It has a good balance between security and usability. There are others of course: www.investopedia.com/best-bitcoin-wallets-5070283
Hi Crypto Dad.. Question for you. If I want to sell a product using btc or the lightning networks, what is the easiest hot wallet to use? I am wanting my customers to use btc too. I will be selling at a discount to incentivize btc! I really like the muun wallet. I am open to other possibilities. Thanks .....with gratitude!
I have a question: If I receive btc on wallet address A, then get a new address (address B), then send the bitcoin i received on address A to an external wallet, will the transaction show that i sent the btc from address A or from address B?
Thank you, that was very helpful! I do have one question though. Do other cryptos do the same thing? I have had some addresses generated by an exchange not match my receiving address when sending to a wallet therefore making me reluctant to send. I thought that before you send you should always verify that the address you pasted in to the exchange matches the receiving address in your wallet. If it changes is that a function of the exchange changing the address for your privacy or the crypto itself like what you pointed out with BTC? It has happened on Coinbase and Gemini a number of times when sending other cryptos besides BTC. Thanks so much for your expertise!
An exchange should never change an address that you have pasted in from your clipboard. It should be the same as when you copied it. If it is changing when you past it in, then there is something wrong. You might want to run a virus or malware check on your computer. If you are referring to the difference in format between depot addresses and your withdraw addresses, most exchanges still use legacy or segwit address formats (start with a 1 or 3) whereas ledger uses the current native segwit format that stars with bc1. most exchanges support Native Segwit withdrawals, even if deposit addresses use the older format. If you feel that something does not feel right when trying to withdraw certain altcoins, always try a small test transaction first to verify.
@@CryptoDad Below is a paragraph of a section that I found in the Coinbase Help Center that may explain why it happened, but I don’t know. If you're concerned about privacy, rest assured that Coinbase generates a new address for you each time you receive or send funds, so third-parties can not easily track your future transactions. Also, you can generate a new address for any of your Coinbase assets at any time here. Multiple times the last letter of my receiving address was changed from a small to a large cap letter. I was finally brave enough to go ahead and send a small amount and it worked!😅I was just wondering if Gemini does the same thing because in a similar situation the last several digits were different than my receiving address. However, that time I didn’t take a chance. I haven’t found a similar explanation for Gemini that I did for Coinbase yet. Thanks for your time. I appreciate it!👍
@@paqua3135 OK so I see now that you’re talking about making deposits. And yes I believe that most of the exchanges are implementing the same policy. I guess it depends on the crypto. For example my Binance US account has always generated the same Ethereum address for my Ethereum and ERC 20 deposits. It has not changed in months. Also my BNB deposit address is the same one it was for almost a year now, (including the memo address). I guess there might be other crypto‘s that might change the address periodically. That’s why you should never reuse deposit addresses when you’re sending crypto from your wallet to an exchange. Always generate a new deposit address every time just to be on the safe side. I have also noticed that my Coinbase deposit addresses change quite often. I don’t think my Coinbase account ever uses the same deposit address even for Ethereum. It looks like you worked through the issue though and I’m happy about that.
@@CryptoDad YAY! Thank you! It’s because you are the best teacher!! I have more questions about different things, so I’ll be back if I can’t figure them out. In the meantime, how can I compensate you for your time?🙏
@@paqua3135 No need. I appreciate the offer though. It improves my RU-vid metrics to stay engaged with my RU-vid commenters so that’s reward enough for me.
Question Sir, If ledger device generates an new adress, how do i know I still have control of old adresses in my device, how to I certaynly know I have the keys? ,,
Tks Sir for video. But i have a little confuse , that is my exodus wallet send btc to my Binance is alway 1 address but when i send to Ledger wallet it changes address everytime. It is about ledger? Tks for reading and sorry my bad English.
Yes, I have noticed that cryptocurrency exchanges keep the same deposit address for a while. Perhaps it just makes it easier for them. However, they reserved the right to change the deposit address anytime they want to. So, It's always a good idea to confirm the address of a transfer every time anyway.
Rex, just a question. Is it possible to fully empty out ur wallets on the ledger (e.g. balance 0)? or do you need to calculate roughly to leave enough to cover the transaction fee? (e.g. if the fee calculated is 20usd, so u leave behind 30-50usd just in case) how does this work exactly?
Idk about ledger specifically, but most wallets will include the tx fee in the total amount you're willing to send. So if you try to send the maximum amount in the wallet, that maximum will usually be minus the tx fee required to send it
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You can continue to send to previous addresses as many times as you'd like. But there is no way to send from a specific address. There is no way to specify the "send from" address. I went through my transaction list, and it does appear to be based on the latest receiving address that you've generated. And it appears to stay the same until you generate a new receiving address. But I can't be totally sure if that's exactly how it works. You might want to examine your transaction lists to confirm this.
I used my same ABRA address to deposit bitcoin in but it never arrived in my wallet. Now ABRA is saying it belong to someone else and I lost my Bitcoin. How is this possible?
Great video! So if you wanted to send a large amount of BTC that would take BTC from multiple addresses, how does Ledger decide which addresses to send the BTC from?
You would decide that. When you transfer from your own wallet, ledger does not divide up the transaction like an Exchange does. If you want to create multiple wallets within ledger live, you can split up large transfers manually, but this is not really necessary. The only reason Exchanges do this is because they are managing multiple user accounts.
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My trading agent gave me 2 BTC on my coinbase wallet but they are not swappable. They want a fee first I am not sure he is trying to fool me. What can I do about it?
Hi Cryptodad, I thought the main advantage of crypto was to have no government influence and control. However, crypto can now become heavily regulated and governments can now confiscate crypto therefore I feel the whole crypto space has become corrupted. That said, how/where can I buy crypto without government intervention/regulation/control/knowledge and also, easily transfer this crypto to my ledger wallet? Thanks.
@@CryptoDad Thanks for the reply. What I am wondering is how does my wallet know which addresses were derived from my public key? Does Ledger Live keep track of the derived addresses? And even if I enter the seed phrase into a Trezor, the Trezor seems to know all used transactions/addresses. I tried to find this information online, but couldn't find an detailed explanation.
I sent my Bitcoin funds to my friends wallet but now the funds transferred to a new wallet leaving my balance at 0.000 we never sent it to a new wallet. My friends account is frozen so how can the funds be transferred when he has a 30 day hold.
Its still in the blockchain but it says my funds were spent and sent to a new address. But my friend account is frozen so we both just don't understand how the balance is 0.000. and never sent to anyone else. Please anyone help.
Sounds like your friend got scammed. I'm not sure what kind of wallet your friend has or what kind of account this friend has but obviously don't send any more crypto to it. And once crypto has been transferred out, there's no way to recover it. Sorry for the bad news.
@@CryptoDad I sent funds from my Bitcoin wallet to his wallet and the funds stayed there for 3 weeks in the blockchain. When his Ledger account is frozen we don't understand how the funds can be moved without are consent.
@@CryptoDad at the time it was 1,900 and Bitcoin shot up a bit leaving my funds to be 2,400 dollers. Then after that it went to 0.000. and transferred out of his wallet. It's supposed to stay in his wallet even if the account frozen correct
