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


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21 thoughts on “Crypto Wallets Explained | Storing Crypto | Cryptocurrency for Beginners

  • April 11, 2022 at 9:20 am
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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?….

    Reply
  • April 11, 2022 at 9:20 am
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    By storing in the wallets does the value of coin increase as market do

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  • April 11, 2022 at 9:20 am
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    Hows ledger? Some nfts donโ€™t support trezor

    Reply
  • April 11, 2022 at 9:20 am
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    Even after we lost the trezor hardware wallet, we can get it by its passphrase

    Reply
  • April 11, 2022 at 9:20 am
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    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…?

    Reply
  • April 11, 2022 at 9:20 am
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    Really good video with clearly explained terms.

    Reply
  • April 11, 2022 at 9:20 am
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    can we sell ethereum from my ether wallet?

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  • April 11, 2022 at 9:20 am
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    How can you trust crypto wallets? They are still provided by some 3rd party over the internet, right?

    Reply
  • April 11, 2022 at 9:20 am
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    How about Exodus Wallet? Any opinion on that.

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  • April 11, 2022 at 9:20 am
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    Mate u have not talked anything about seed phrase and how to keep it safe. Thats ridiculous.

    Reply
  • April 11, 2022 at 9:20 am
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    i have bought 100rs of eth transfer fee hi 100rs he , hui hui hui

    Reply
  • April 11, 2022 at 9:20 am
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    Please sir do a video how to read white paper as soon as possible ๐Ÿ˜Š

    Reply
  • April 11, 2022 at 9:20 am
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    Kindly suggest me best wallet for storing cardano ada cryptocurrency

    Reply
  • April 11, 2022 at 9:20 am
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    Speak about fixed deposit in crypto's

    Reply
  • April 11, 2022 at 9:20 am
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    How to store Cardano in similar way .

    Reply
  • April 11, 2022 at 9:20 am
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    Didn't understand. So confusing ๐Ÿ˜ฐ

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  • April 11, 2022 at 9:20 am
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    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.

    Reply
  • April 11, 2022 at 9:20 am
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    Exchanges have a lot of infrastructure in place to hold your cryptos, not all exchanges are bad. But I guess very few are..

    Reply
  • April 11, 2022 at 9:20 am
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    Please make a video on which exchange is good – eg – Binance, Wazirx, Vauld etc.

    Reply

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