Does a hardware wallet actually protect you? đ€
VloĆŸit
- Äas pĆidĂĄn 13. 09. 2024
- đ” MEXC: Buy and trade Crypto from anywhere in the world
đ $9,100 Signup Bonus âșâș promote.mexc.c...
OTHER SOCIALS
TELEGRAM: t.me/VirtualBacon
TIKTOK: / virtualbacon
CZcams: / @virtualbacon
IG: / virtualbacon0x
TWITTER: / virtualbacon0x
FACEBOOK: / virtualbacon0x
Does a hardware wallet actually protect you? đ€ #shorts #hardwarewallet #trezor #bitcoinwallet
Money is not store in hardware wallets. It's stored on the blockchain.
true, the wallet is just the key
Correction: itâs not stored on the device, itâs stored on the blockchain
Wrong, your assets aren't stored on the hardware wallet. But it's a security layer that approves transactions. Your assets are stored within the blockchain itself.
What do you mean by this?? I donât understand it
@@alejandroandrade139 The coins are on the blockchain, your wallet is just a display to show your coins. That's why you can retrieve your coins as long as you have your seed phrase.
Suppose if we use Ledger wallet to generate a 24 word seed phrase, does Ledger have access to record it because we generate it by their product, so do they record it or not ? What technology is used here
@@alejandroandrade139The blockchain is the public ledger. It says how much crypto everyone has. To access a wallet, you need the passphrase, which is the list of random words. A hardware wallet stores that passphrase for you and allows you to access your crypto by connecting the hardware wallet to your phone or computer. This means that your passphrase, which is your access to your crypto, is not stores on a phone or computer, which could be hacked or leaked.
Same
Difference. Without the keys itâs not your money on the blockchain
The wallet you use hold the keys to access your crypto. Hot wallets generate seed phrases and store your seed phrase on the web exposing it to hackers. When you have a cold wallet the send phrase is generated locally and stored locally making it much more secure. Also cold wallets usually require you to physically sign off in a transaction on the device itself so no one can transfer funds remotely.
Don't buy a ledger, I dont support them anymore... I got rid of mine and replaced it with the new Trezor safe 3.
Same
I donât understand why anyone would buy a ledger! They arenât even open sourced which ruins the point of a hardware walletđ€Łat that point just save the 160$ and keep your coins on a hot wallet. Trezor is the way to go
@@ihavenoname2279 agreed
Hardware wallets are dope
Good reminder!
I will be checking out your channel. Especially on this issue. Thank you for the info.
If scammers are asking for your password you can use mine:
"Find a way to help people instead of steal from them a**hole"
Yes I need to learn how to use a cold storage wallet!
So even if someone has our seed phase, then also they won't be able to cash out our crypto in hardware wallet?
Van you make i a short about spam Nft one your hardware Wallet plz
Hardware wallets are great, but not for the reasons you stated⊠some of which are flat out incorrect
Do not get stuck but g the scent wallet. Their customer support sux and will not help you if the token is stuck and or missing. I got screwed with the dcent wallet for hundreds of dollars and they donât care
is it possible for a blockchain to get hacked or is it possible to be close like ftx?
A blockchain becomes harder to hack the longer it gets. It would be virtually impossible with Bitcoin by now, maybe unless someone spent billions on mining.
Tangem Wallet is the only secure HW. Youâre talking about seed phrase. Trezor and ledger does not protect it. Tangem does.
New tangem you can set up seed phrase now
What do you mean trezor doesnât protect it? Yes it does
if they steal my ledger/trezor but they dont have the seed, can steal my crypto?
They would have to guess your seed words and put them in the right order, plus your passphrase and pin if you had them enabled
What happens if the hardware device got damaged like in a flood? You can still access your crypto?
money is not in your wallet its in the blockchain, the cold wallet help you secure your keys meaning even if you loose your cold wallet you can recover your money buy using another wallet and entering your keys.
How can i send Altcoin for example ( bonk, shiba inu, pepe, meme ) to Trezor safe 3. Or where can i find this coin in trezor safe 3 . some one can explain me please.
Why u dont have dcent wallet on the picture? đ€Ł
If it breaks or falls into water. All over.
no, basically the ledger nano is not holding your crypto it's only a key to access your wallet in a offline way. if you accidentally drop your nano in water or you accidentally break it you can still get your crypto by entering your pass phrase that you are using with that. but once you entered that pass phrase into an online wallet like trustwallet and metamask your wallet is now unsafe if your pc or phone got hacked. sorry if my english is bad
Oh so you think they created a device whereby if you loose it you loose your balance. đđ Brainless
If you lose the 12-24 word seed phrase you cannot recover Bitcoin/Crypto assets. You can lose your hardware wallet and youâll be fine as long as you have the seed phrase in a safe location.
KryptowĂ€hrungen im Utopia-Ăkosystem sind vertrauenswĂŒrdiger und können nicht gehackt werden.
I'm till pissed Ledger leaked my info. Glad I moved not to long afterwards.
how?
WHAT.
huh?
Your money is not stored on the hardware wallet đ«Ł