Hardware Wallets Explained, Reviewed and Compared
Ғылым және технология
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Hardware wallets use a form of 2-factor authentication (also known as 2FA). This means that in order to access your funds you’ll need to prove your identity through something you have (the physical wallet) and something you know (the PIN code for the wallet).
If you’re serious about Bitcoin and cryptocurrency security in general, you need to get a hardware wallet. The market leaders today are:
Ledger - 99bitcoins.com/ledger
Trezor - 99bitcoins.com/trezor
KeepKey - 99bitcoins.com/keepkey
From the complete text guide read this post:
99bitcoins.com/hardware-wallets/
0:45 - Bitcoin Wallets in a Nutshell
1:40 - The process of sending a Bitcoin transaction
3:27 - Hardware wallets overview
4:11 - How do hardware wallets work?
5:26 - The best hardware wallets
5:54 - Setting up a Hardware Wallet
6:18 - Potential Risks of Hardware Wallets
9:33 - Conclusion
For the complete text guide visit:
99bitcoins.com/hardware-wallets/
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See anything we haven't covered? Leave us a comment in the comment section below
Пікірлер: 613
CAUTION!! Many scammers are using the comment section to promote their scams and sometimes even use the name “99Bitcoins” in their profile. Never send money to someone you don’t know and don’t accept offers to trade or exchange cryptocurrency from strangers. Stay safe 🙏🏻🙏🏻🙏🏻
@gogoalakazam2973
3 жыл бұрын
u ur right.
@lenard3935
3 жыл бұрын
I subscribed in the hope that you make a video explaining how it can be that the pass phrase can allow access to your coins through any device?
@aBoogivogi
3 жыл бұрын
The biggest scam here is your claim that a hardware wallet is to dumb to be hacked. Everyone who works in IT and deals with security knows that this is a horrible conclusion. In real life the opposite is often the case. Specialised devices with a small user base usually have far more undiscovered weak points than big software as long as said software has an open code base which anyone can review. Additionally if all you have is a hardware wallet you have no redundancy. 4 cheap run of the mill memory sticks storing your keys in a KeePass container or even on a partition with regular BitLocker encryption is as secure as any hardware wallet. Sure it may not have a fancy little screen where you can do the actual transactions, but that's not really relevant.
@DiandraStarShine
3 жыл бұрын
@@aBoogivogi and also: YOU should be the guy who gets hired to be one of the 'white hat' hackers who gets hired to test these cold-storage systems out. b/c this has been my similar concern/question: don't we have to be online, at some point, to shift our BTC, for instance, from an online wallet to an offline, self-storage wallet?? to a paper one *and/or* one of the offline hardware choices like a Trezor or Ledger option - or whichever one we might choose? and then to later send it via the internet somewhere else? because even if we go offline, we could still be sending some kind of an exploit straight to our hardware wallet. and I've no idea if this guy is getting PAID to endorse one or more of these wallet options - but he also endorses the nightmare that is the Coinbase exchange [the Coinbase Reddit page + other sites say it all, which I wished I'd known about before I recently 'gave in' and signed up with them 😖]. I also have no idea if you, yourself, are pro or con BTC/crypto..but point being: you bring up some very serious concerns, imho. and I had *at LEAST* one of your same signficant thoughts - and I can *appreciate* open source software, depending on the context/situation, of course..but re: THIS kind of scenario: it DEFINITELY seems that 'open source' means that any bad actor could exploit that factor and find a way in..through the back door? the side door?..you get my meaning? and I'm still working that crypto learning curve, for sure..but I'm not certain I agree with the video content that the hardware is safe. b/c it seems that being online, somewhere in the equation, is required in order to transfer funds *to* and *from* a cold-storage hard wallet..or that even a hard wallet, itself, is only minimally, potentially hackable? since it seems ANYTHING is hackable! as I believe Edward Snowden and the NSA have, for all intents & purposes, pretty much proven😐👩🏾🏫
@clivenjagua6183
3 жыл бұрын
Nice one man. Can you please do one for Privi Protocol?🔥🔥🔥
Give this man a pay rise... He explains everything so well.
@supermodelatlanta1354
3 жыл бұрын
Here here 🍻
@ehrix4468
3 жыл бұрын
He probably got one with Bitcoin
@lillianmoan8920
3 жыл бұрын
Truly. He is doing the lord's work
@winstonsmith6204
3 жыл бұрын
He explains it in 10 minutes when it takes everyone else it take 40 minutes. . . . like I want to sit that long.
@redpill7623
2 жыл бұрын
This guy is already has VIP seat in heaven with Jesus
NEVER discuss your finances with anyone. There is no point. They will be jealous or you'll give away information that you don't need to, or you'll lose friends.
@winstonsmith6204
3 жыл бұрын
Underrated Comment, but HUGE FACTS!
@heatpete5106
2 жыл бұрын
Pretty much a no brainer tbh but I guess someone people need to hear it since they lack common sense.
@minaryeon9259
2 жыл бұрын
Facts
I’m so glad I stuck around for the bloopers at the end! As a fellow content creator I’ve got to give you props for not cursing haha
@jedskillz
3 жыл бұрын
He seems to be that guy that doesn’t curse.
Just wanted to say that was the best hardware wallet explanation video I've seen! Outstanding job on explanation and execution. I teach tracking and tracing Crypto and have seen a lot of videos get it all wrong. You video was spot on! Again, great job!
@thomaspick4123
4 жыл бұрын
Tony Moore Just goes to show, today’s young geeks are ruthless criminals. Always trying to hack, steal money, sent viruses. What a generation of garbage people. Why? They were raised in divorced households. Never went to church, no religious training, no social values, no moral conscience. Geeks think steal several million dollars, then set for life. No thought for the human suffering they are causing. People worked hard all their life sweating, then the young geek comes along and robs them. Death to the criminal young geeks! Also, crypto is not easy to understand. Peter Schiff, a smart investor lost his key, hence all his crypto money. Now he hates crypto. Too bad. We need everyone to use crypto, not just the young geeks. We need trainers to show us what to safely and carefully do.
@bryanwhite5878
3 жыл бұрын
@@thomaspick4123 I completely agree with you, I spent almost a year on crypto currency before getting the heck of it and I have just one person to be thankful to and I'm sure most people are familiar with the great cryptomark 100%
@Zyrobeatz
3 жыл бұрын
Have finally found a trusted investor I met him 0ň !ňśtą . I invested 500 $ and got 900$ within 24 hours.Thanks to keypoint101
@HAFBeast91
3 жыл бұрын
Don't buy a Ledger Wallet. I bought a Ledger Nano S and X and my X is defective, I requested a refund and they want me to pay $50 for shipping back to fucking France. Stupidest customer service ever.
@daquandai2486
3 жыл бұрын
I earn 4% interest for holding bitcoins on the axisoption,com wallet service.
man I've seen some of your videos and I just love how you approach these matters without feeding us advertisement, hype or shilling some shitcoin, like most youtubers do, really great informative work, thank you.
Clear and easy to understand explanations. Thank you.
@HAFBeast91
3 жыл бұрын
Don't buy a Ledger Wallet. I bought a Ledger Nano S and X and my X is defective, I requested a refund and they want me to pay $50 for shipping back to fucking France. Stupidest customer service ever.
You’re a great teacher thank you! Teaching is it’s own skill...
Great info, fun bloopers passing this along to family, for better understanding👍🏼thx!
Man .. you guys really explain it very well. Covering all scenarios and common questions
Great video explaining complex concepts in a simple way. Thank you so much!
Easily the best crypto learning site out there!! Clearly explained without a lot of garbage in between. Good job, Nate!
Enjoyed the bloopers, You make it look easy but it is a lot of work.
Thank you for such a comprehensive, yet easy to follow explanation!
Ive skimmed over you're vids a few time. Glad I watched this one.
This is one of the best explanations of any crypto-related concepts I've ever watched.
Thanks for all your videos Nate. The BEST info abt crypto currency etc...on YT atm. Very grateful that I've found your channel. Will continue watching them daily to learn more abt this topic. Keep up ya great work! Much appreciated! Chuuurrrr!
Absolutely wonderful video. A ton of information in a very simple language. Thank you so very much!
Thank you so much I am new in this world of BTC, and this video is awesome! 😃 Greetings from Spain!
@HAFBeast91
3 жыл бұрын
Don't buy a Ledger Wallet. I bought a Ledger Nano S and X and my X is defective, I requested a refund and they want me to pay $50 for shipping back to fucking France. Stupidest customer service ever.
Great explanation! Thank you!
Thank you so much. You explained it perfectly. I watched 2 other videos and had no clue what EXACTLY it was. Not it’s so simple. Thank you again!
Thanks Nate... Happy New Year !!! Great video again mate... !!!
@HAFBeast91
3 жыл бұрын
Don't buy a Ledger Wallet. I bought a Ledger Nano S and X and my X is defective, I requested a refund and they want me to pay $50 for shipping back to fucking France. Stupidest customer service ever.
Thanks for all the warnings. It really helps to know what to look out for.
You explain everything incredibly well. Thumbs up!
Thanks Ned, really well articulated educational video on hardware wallets!
@HAFBeast91
3 жыл бұрын
Don't buy a Ledger Wallet. I bought a Ledger Nano S and X and my X is defective, I requested a refund and they want me to pay $50 for shipping back to fucking France. Stupidest customer service ever.
Extremely helpful video. I kept waiting for some basic but key piece of information to be left out but that never happened. Perfect explanation, thanks!
Very eloquent presentation. Well planned and thought out. Thumbs up done.
Thank you,l am learning a lot
Great Video!!!! Informative and easy to understand. I will look for more of your episodes!!! Sent a Brave tip!!
Best tutorial ever. Respect!
Clear and easy to understand video! Thanks for your information.
Very clearly explained and the visual aspect of the video also helps a lot. Great video.
@99Bitcoins
Жыл бұрын
Glad it was helpful!
Straightforward explanation in layman‘s terms. Fantastic job.
@Zyrobeatz
3 жыл бұрын
Have finally found a trusted investor I met him 0ň !ňśtą . I invested 500 $ and got 900$ within 24 hours.Thanks to keypoint101
@petrolo72
3 жыл бұрын
@@Zyrobeatz OK take my credit card number. I am DM’ing it to you right now. 😏
My preferences: Trezor for transactions on the PC and big amounts to hodl, Safepal if you need to pay for a coffee with your phone small amounts
great video! really well put together and informative
Thanks for all this valuable information Nate. I understand the whole process better with your help and our oldest son Nick. 💕
@Zyrobeatz
3 жыл бұрын
Have finally found a trusted investor I met him 0ň !ňśtą . I invested 500 $ and got 900$ within 24 hours.Thanks to keypoint101
Great explanation Nate, thanks.
I finally understand seed phrases and hardware wallets, thank you.
This channel should have millions of subscribers. 1 stop shop for everything crypto. Im completely crypto literate now thanks to this channel
Most concise and comprehensive explanation on YT
@carlynesaintroc4709
3 жыл бұрын
@@Bitcoins-dw5wc Yeah, just wait for me by the phone...I'm dialing you now😎😎😎
Thank you sir 🙏🏼
So far best video explaining hw wallet.. Great
Really like this no brainer simplified explanation about hard wallets!💪
@99Bitcoins
Жыл бұрын
Glad it was helpful!
Great video!! I have one question. How would you fund the wallet with cash. Does the wallet have a platform to do the conversion? What would that fee look like ? Is there a transfer limit? Sorry I had more then one question 😃
thanks you very much for putting out very quality content. easy to understand
Clearly explained- much appreciated :)
Subscribed! This is the explanation I'm looking for. Will buy bitcoin tomorrow. Excellent video
Great video, thank you! Those bloopers were hilarious at the end too! Lmao! XD
You make such awesome instructional content
I've just finished the The Complete Beginner's Crypto Crash Course :) It was awesome! Thank you!
@ericoslo899
4 жыл бұрын
hey Nr ks have you tried any of the of the hardware wallets yet ? if you havent tried any of the wallets yet then you must give a chance to walahala hardware wallet which is one of the most secure wallets ever. It provides so many features including direct connection to live exchange. Here is the link to their demo account : walahala.com/downloadDemoWallet
very impressive and informative.
Well done mate. Couldn't be any clearer!
Another winner ☝️ The best breakdowns on youtube. Great job.
A great explanation. I was able to understand the hardware wallet concept in one video.
@99Bitcoins
Жыл бұрын
Thank you, we are glad it was helpful!
I especially enjoy the bloopers at the end, lol.
Thanks for the crystal clear explanation.
Love your videos. So simple and easy to understand. :)
I need to watch these like 10 times. As soon as he brought up the example of stolen wallet, just use your phrase and move to a knew wallet I got anxious like wait how do you do that..... Ahhh... So much to learn.
What a great job! Thank you so much for your information!
@HAFBeast91
3 жыл бұрын
Don't buy a Ledger Wallet. I bought a Ledger Nano S and X and my X is defective, I requested a refund and they want me to pay $50 for shipping back to fucking France. Stupidest customer service ever.
@ChiIeboy
3 жыл бұрын
@@HAFBeast91 You obviously didn't buy it directly from Ledger. Stupidest customer purchase ever.
Pretty good video ! In fact it is the best of 5 I've viewed just because of the little graphics used to explain the transactions. Somehow they dropped the ball and quit with the graphics halfway through the video. Dammit! This was on the way to such a great video!
Best way to educate folks ever.... Thank you
Very good & simple explanation...thanks
Good video. Short n simple. Thank u!
Answered every single question I thought of. Even the last one awesome
I am really glad to find this video i was really worried about security until i watched this video thank you very much
Very informative!
Thank you for a clear to the point explanation!! Finally cryptocurrency lingo in plain English!! Lol
The best cryptoworld teacher ever.. love you man 👍
Well explained in simple terms.
You give me 99 Bitcoins? Wow. Generous. Had more on my wallet back in the days.
Satoshi really went crazy. Can’t believe how ingenious this tech is.
@nicksvaik
3 жыл бұрын
Do you think he came from the future?
@Kitulous
3 жыл бұрын
@@nicksvaik no, I think Satoshi Nakamoto is actually a group of very, very, veery intelligent people, probably some mathematics, cryptography and IT experts
@is-qs2ej
3 жыл бұрын
@@Kitulous this is my first stop when memes make it to youtube.
@milxasap7412
3 жыл бұрын
@@Kitulous Possibly each initial of "Satoshi Nakamoto" is the initial letter of the name of each person of the group :D
@guyvanburen
3 жыл бұрын
👽
Excellent explanation. Suscribed.
My MENTOR! Thanks for educating me the right way and for breaking the facts into simple,plain to the point where I can understand it easily. THANKS
@Bitcoins-dw5wc
3 жыл бұрын
Thanks a lot for the feedback! Glad to help :) W*H*A*T*S*A*P*P ** M*E****°°°°° +1*9*1*6*2*2*9*6*3*0*4* F*O*R M*O*R*E D*E*T*A*I*L*S*°°°°°
What an amazing job you guys are doing.
@bitcoins-hg9dr
3 жыл бұрын
thank you so much
Years later and still so useful
#4 - Another very unusual, but possible, attack is the $5. Well this refers to when someone physically threatens to hurt you with say... a $5 Wrench if you don't hand over your hardware wallet and unlock it with your PIN Code. In order to protect from these kinds of physical attacks certain wallets come with another layer of protection called a "Loaded 45 Caliber 1911".
@bulldaddyxrp107
3 жыл бұрын
He's absolutely right.....all my wallets come with one
@DiandraStarShine
3 жыл бұрын
you've watched too may episodes of *"Homeland,"* [USA version], for sure!🙄🤦🏾♀️ but Carrie *DID* get her computer access back, LoLoL!! because she's too *'CRAY!!'* to be afraid [much more than the extortionist!] & she's brilliant!! *and* I've delayed it for far too long as: I'm about to watch the FINAL episode..and if you've never seen the show, then do yourself a *temporarily-distracted-fom-COVID-19-favor* & take the time to catch up on *all 8 seasons* of it & *buckle UP!* 😁
@heatpete5106
2 жыл бұрын
You obviously live in the USA. In Canada here where I am easier said than done. All though you can obtain a .45 it isn't easy that is for sure so most use bear mace, replica guns, brass knuckles and nunchucks. ✊
@IceKube9
2 жыл бұрын
a 2nd amendment ppl! :)
great explanation, thanks
The man who always breaks down things which previously perplexed me .
Thanks for sharing this!
Excellent video - thank you
9:00 - FINALLY, THIS IS WHAT I WAS LOOKING FOR
Excellent explanation
EXCELLENT!
@Josh-py9rq
3 жыл бұрын
Re read that in darth Vaders voice and it just fits
Right to the point, no BS. I love it
Nice explanations.
Thanks for the advice
Great video, thanks!
Excellent guide hot damn
Thanks for the vid. I have several hardware wallets but the only one I am aware of that does "not" store your private keys is the Bitfi.2. Can you confirm. Any device that stores your private keys is completely vulnerable to confiscation and attack. Thanks again for the content.
Thanks man that’s what I wanted to know 😊
Thanks for a clear explanation
@99Bitcoins
Жыл бұрын
Glad it was helpful!
can i continuously add to the hardware bitcoins that i periodically buy? or is it a one time addition?
Mr Martin, you are a legend. Notifications on 🤖
So when a address is created on a blockchain with a designated password or key, i dont get to see the key but the ledger software does and masks it. So i basically have to thrust Ledger for example that they dont read the real key trough the software, store it and have access at any time or simply have the alledged randomly created seed phrase stored. Is that right?
Excellent explanation! Some videos take 40 minutes to accomplish the same thing with even less detail.
Fantastic video
THANK YOU!!!
Thank you 👍
If I have multiple accounts (BTC and ETH for example), do I still use 1 private key for both accounts? Or does it require a private key for each of the accounts?
Is there a video on ,How do you shift crypto ,e.g Bitcoin , from exchange Wallet such as Coinbase to a cold storage like Nano S.