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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