Crypto Wallets Explained | Storing Crypto | Cryptocurrency for Beginners
This video is about crypto wallets – why you’re not supposed to store your cryptos in exchange wallets and why you need to have your own wallets. There is also an interesting QnA session that covers all the frequently asked questions about crypto wallets and all the tax implications imposed on crypto at the moment.
Stay tuned for more such episodes!
(Note: This was streamed live on the Avalon Meta Live YouTube channel a couple of months back.)
0:00 – Introduction
0:49 – The danger of exchange wallets and why you need your own wallet
2:28 – Withdrawing and storing Bitcoin
9:06 – Storing tokens of Ethereum blockchain (ERC20)
17:22 – Storing other cryptocurrencies
22:28 – Crypto exchange wallet shutdowns
23:54 – Tranfer charges issue
24:24 – Mechanics of a wallet
24:34 – Ethereum blockchain and Ethereum 2.0
27:48 – QnA session and tax implications on crypto
33:20 – Conclusion
Disclaimer: We encourage all investors to use the information on the channel as a resource only and should further do their own research on all featured companies, stocks, sectors, markets and information presented on the channel. Nothing published in this video should be considered as investment advice.
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Hello, but if i have crypto in app like vauld, which give interest on my crypto that I'm holding for long term… then what about that?….
By storing in the wallets does the value of coin increase as market do
Hows ledger? Some nfts don’t support trezor
Even after we lost the trezor hardware wallet, we can get it by its passphrase
Brother vauld exchange pe bol rahe ke wo insured kiya rehta hai to by chance agar hack ho jaye to bhi backup amount milega to kya wo safe rahega…?
Really good video with clearly explained terms.
Top 5 reasons to use the crypto wallet for Cryptocurrency transactions https://www.youtube.com/results?search_query=top-5-reasons-to-use-the-crypto-wallet-for-cryptocurrency-transactions
can we sell ethereum from my ether wallet?
How can you trust crypto wallets? They are still provided by some 3rd party over the internet, right?
How about Exodus Wallet? Any opinion on that.
Mate u have not talked anything about seed phrase and how to keep it safe. Thats ridiculous.
i have bought 100rs of eth transfer fee hi 100rs he , hui hui hui
Please sir do a video how to read white paper as soon as possible 😊
Kindly suggest me best wallet for storing cardano ada cryptocurrency
Speak about fixed deposit in crypto's
How to store Cardano in similar way .
Didn't understand. So confusing 😰
Nice video,
It is really helpful to us traders,
Investing in crypto is the best and fastest way of making money, but only few understood the secret of crypto currency.
Exchanges have a lot of infrastructure in place to hold your cryptos, not all exchanges are bad. But I guess very few are..
Nice video
Please make a video on which exchange is good – eg – Binance, Wazirx, Vauld etc.