Keep all your crypto safe & upgrade to a Ledger Nano X Hardware Wallet shop.ledger.com/pages/ledger-nano-x?r=5243ecbb8427 Alternatively, if you prefer a 100% Open Source wallet, a Trezor One is also a great value wallet shop.trezor.io/product/trezor-one-white?offer_id=14&aff_id=2922&source=KZread

@haroldcallahan4887

3 жыл бұрын

I set up a Pirate Chain wallet on my hard drive but I did not see or set up my seed words - How do I do that now ?

Always supremely helpful and thorough. We appreciate your efforts!

@CryptoGuide

4 жыл бұрын

Thanks :)

Clear and concise. Exactly what I needed. Thanks.

@CryptoGuide

4 жыл бұрын

Glad it helped :)

As always, excellent video content!

@CryptoGuide

4 жыл бұрын

Thanks :)

Great video. You are doing great job mate!

@CryptoGuide

4 жыл бұрын

Thanks :)

As a non native English speaker, I am struggling a bit with the speed of your South Pacific speech, but the pause and rewind buttons exist for a reason hay 😂 Other than that, top notch content and well worth a subscription. Very helpful video mate, thanks a lot 👍🏻

@CryptoGuide

4 жыл бұрын

Thanks heaps :) The other trick could be to try it at 0.75x speed playback.

This was super helpful. Thank you!

@CryptoGuide

3 жыл бұрын

No worries :)

Just found your channel and LOVE it. Thanks for the hard work. I have a question. I was thinking about the security aspects of having multiple wallets.. so I was going to order a few more ledgers.. and then have multiple seed phrases to backup/manage/deal with. ( I want to spread my crypto for security purposes so not all eggs are in one basket ) - Seems a valid solution might be to have the same seed phrase and then generate multiple wallets via different 25th words.. what do you think of such a method? Of course the 25th word would be backed up for each wallet.. and then I could place small amount of say BTC on the straight 24 word wallet.. and if that even ends up missing, it would be a hint that somehow you have been compromised and move funds to a a completely new wallet. Does this make any since?

@CryptoGuide

3 жыл бұрын

Great to hear, yep that approach will work fine :)

Brilliant, thank you for the easy to understand explanation 👍

@CryptoGuide

3 жыл бұрын

Glad it helped

Very helpful video. Thanks!

@CryptoGuide

4 жыл бұрын

Glad it was helpful!

extremely helpful! thank you very much

@CryptoGuide

3 жыл бұрын

Glad it helped :

Clearly explained . Subscribed

@CryptoGuide

3 жыл бұрын

Glad it helped :

Thanks so much for your videos, they really help. M ledger went down and had to buy a new one. I accidently put my trezor seed on the new ledger and was freaking out that I downloaded someone elses seed to my ledger not knowing you can swap them back and forth until watching your other video. Got me thinking though...Can someone just input a 24 random seed to a new ledger or factory reset ledger and download a new ledger live and access those funds? At 7:32 on this video its stated that if they get my hardware wallet ( i.e. random input of 24 word seed and new pin?) and redownload the ledger live software to their computer they can access all my funds? Trying to understand how that would actually work for the safety of my funds. Any thoughts on that? Thanks again for all your help!

@CryptoGuide

3 жыл бұрын

If someone has your seed then they can access all your funds. This is why it's extremely important to keep it non-digital and secure. The odds of someone guessing your seed are basically zero, I explain this a bit in the "receive address changed video".

They really need to come up with some optional error checking for the passphrase using standardized words. You have to be so paranoid when setting up a wallet with no prior transactions to make sure that you are typing every single character as you have it written down. For the average joe it almost might make more sense to split a 24 word seed instead of using a passphrase to ensure they don’t mistype something. Not a best practice but you should have close 128 bits of entropy in each half of the seed.

@CryptoGuide

4 жыл бұрын

Yea it's certainly still something that vendors need to work out... I like the approach that Coldcard have taken in that they allow you to quickly enter words from the BIP39 word list, it's fast, quite secure and also quite error resistant. (Eg: you select the entire word, rather than type it letter by letter) My only issue with that is that you could easily confuse the passphrase with your seed words, but that's not actually a bad thing either.

Thanks!

@CryptoGuide

2 жыл бұрын

Glad it helped

Nice video, very informative... would be even better if you added more "real world" examples of various scenarios for each topic.

@CryptoGuide

3 жыл бұрын

Glad it helped :)

Does the Seed words are Automatic generated ? or Factory wallet encrypted inside the cold wallet ? thank you for the info in advance .

@CryptoGuide

3 жыл бұрын

Seed words are randomly generated the first time you use the device and a new set of words are randomly generated if you wipe and reinitialize it.

Buen video. Consulta: donde encuentro mi frase semilla en binance si no la he guardado al dar de alta la wallet? Gracias

@CryptoGuide

3 жыл бұрын

Custodial platforms like Binance don't give you a seed phrase or any access to your private keys.

Thank you so much for the really helpful tutorials. I need some help: My Trezor One has already been initialised with a 24-word recovery seed. I am using the Trezor Suite and I would like to activate "Passphrase" for the device. If I do so, is my original set of 24-word recovery seed still exactly the same? And without the new passphrase, I can still access the existing accounts/assets? However, after enabling and when I enter my passphrase, I will have a new set of wallets?

@CryptoGuide

3 жыл бұрын

Yep, enabling a BIP39 passphrase will not change your existing seed or impact the way you access those funds. (If you enter a blank passphrase, this wi take you to your original wallet) Each passphrase you use will generate a completely new set of accounts (without impacting the old ones) and you need to manually move your funds to it.

@darthseagreen9653

3 жыл бұрын

@@CryptoGuide I understand more clearly now, thanks again.

@CryptoGuide

5 ай бұрын

.

Thank you for making this video. Just to confirm we can change or choose our seed words did I understand that correctly?

@CryptoGuide

3 жыл бұрын

You don't actually want to choose your seed words, it is more secure for a wallet to do this for you. That said, you can reinitialise your wallet with a new seed at any time, though this will then require you manually move your funds off the old wallet and on to the new.

@MrGurujohnny

3 жыл бұрын

@@CryptoGuide thank you for you guidance.

@CryptoGuide

5 ай бұрын

.

Bought a trezor, setup a pin. Sent 1pound to it. Then I noticed the passphrase option within it. By the sounds of it, I have to shift the money out and then add a passphrase.

@CryptoGuide

4 жыл бұрын

That's right, enabling a passphrase will create a totally new set of accounts. That said, the funds that are on the Trezor with no passphrase can still be accessed by entering a blank passphrase (eg: typing nothing in but just hitting enter) so it's easy to access either at any time.

This is a great video as it clears up alot of misconceptions. So if I am concerned that my seed phrase may be jeopardized, how would I change the 24 word phrase that I have saved? Does the device automatically generate a new set of words, and if it does this, how would I access my account? I am using a Ledger Nano S and Nano X both set to the same seed phrase, and I would like to secure the seed phrase by changing it. I guess I could add a passphrase to secure the old seed phrase, but that is just one word that needs to be cracked? Correct????? Any help in changing my seed phrase would be appreciated as I do not see any videos where the words are actually changed or if you get an option when you reset the device to get a new seed phrase. Since I have more than one Nano X or S, than the just changed seed phrase would have to have the accounts transferred into it via ledger live? This gets a little more confusing as it goes on and this is not discussed unless I missed a video.

@CryptoGuide

2 жыл бұрын

I have a video that looks at how to safely move to a new seed. I also have on that looks at choosing a secure passphrase, as these can be as secure as you require. You will need to be sure to remove any old accounts from ledger live, as they won't automatically reflect the new seed or passphrase. (I have a video that looks at the risk of using multiple ledgers that covers this)

@gbro1054

2 жыл бұрын

@@CryptoGuide I think I misstated the above reply. I guess I should have said recovery phrase, not seed phrase, as the seed phrase can never be changed. I guess when you change a seed phrase to mirror another seed phrase, then that becomes the recovery phrase on the device you changed it to. An example would be if I just bought a nano X and wanted to mirror my older nano S that had my accounts on the ledger and wanted to use the more mobile and larger nano X with the same accounts, I would set up as a recovery, not a new device. My question then is how secure is the nano X if you think your seed phrase on the nano S was not secure or you may have taken photos of it and stored it on your computer before you knew better? If I change the nano S seed phrase to the nano X recovery phrase, then all my accounts would be on the nano X and I would be working with a new seed phrase that was on the nano X. If the nano S was now mirrored to the nano X recovery phrase (its seed phrase), can the account ever be hacked through using the old seed phrase of the nano S? If I didn't get everyone mixed up that is. This is what I am trying to do, is put all my crypto on another nano S which is new. The old nano S and nano X I have both have the original seed phrase of the nano S which I started out with. I then mirrored the nano X to the nano S. I did not feel secure with this recovery phrase and used another new nano S and had all accounts transferred to the new nano S and its very secure seed phrase. I wanted to reuse the nano X so I just set it up as a new device and used that seed phrase. So now I have two seed phrases with the nano X holding half the accounts and the nano S holding the other half. The original nano S that I took photos of the seed phrase, I am not using, but if I did set it up as a recovery phrase using either the X or S, would this recovery phrase be the only way to get into to this account or would the account be able to use the original seed phrase also? Like I said, it was set up again as a recovery device using the recovery phrase of one of the newer devices. Wow, this is BS. It is confusing but important to understand, as I am a victim of crypto theft from an exchange hack so now I am very paranoid about all this. I can go into detail but one thing I will say, by 2FA Google Authen. and my phone number were both taken over without any confirmation needed or codes needed for me to input for the crypto to be hacked. My phone and laptop were both very secure and never out of my home, so watch out and believe me that these exchanges are not being very helpful. (Uphold and Bittrue). They won't even answer my questions as to how this happened. Do not ever leave a penny on these sites, and my accounts were not large but still costly and upsetting. Be careful all and get rid of 2FA for a yubikey which is the only secure way to ever prevent this from happening.

@CryptoGuide

2 жыл бұрын

Seed phrase and recovery phrase refer to the same thing and they change every time you wipe and reinitialise the device. (Unless you recover with an existing seed) If you have created digital copies of the seed for the Nano S then you shouldn't store funds on there long term, you can simply move the funds to the seed generated by your Nano X. You can then restore wipe the S, restore the seed from the X on there and you will have two devices that can be used interchangibly. (The old seed is not relevant at all) You can also then initialise a second Nano S with a separate seed and store funds on there or whatever you like. (Just be sure not to get your backups mixed up) Yubico authenticator is certainly the way to go for 2fa :)

One thing you didn't mention wrt passphrase security, if you forget it, or you die, then just having the seed phrase isn't going to help you, bye bye funds. I guess this is obvious if you think about it, but do people think about it, how much crypto is lost thru forgetting, and writing down a passphrase seems contrary to the very idea of it in the first place??? Great recap, and I love your speech speed, perfect speed even for my old brain......

@CryptoGuide

2 жыл бұрын

Passphrase is certainly as important as seed if you are using one, so keep it written down somewhere too... (Nothing wrong with that at all) Otherwise glad it helped

If my cold wallet is air gapped, no connection to the internet... how does my seed phrase recover my btc if i lose the wallet? Wouldnt my seed have to exist somewhere outside of the wallet for me to use it for recovery?

@CryptoGuide

4 жыл бұрын

Great question, but no. Your seed isn't registered anywhere. Basically it's just a number and all valid seeds and addresses actually exist already. I cover it in more detail here kzread.info/dash/bejne/imeT1piwf5XMZbA.html

well explained thanks alot

@CryptoGuide

3 жыл бұрын

Glad it helped

@scott1506

3 жыл бұрын

@@CryptoGuide yeah ive watched a few of your vids, there good. also best place to get ravencoin RVN? ppl say binance but i dont want another exchange account, is there other places? and to send to wallet?

@CryptoGuide

3 жыл бұрын

If you don't want to use Binance then sites like Coingecko normally have list of exchanges for a given altcoin.

@7:50 . if someone gets your Hardware wallet and get your pin, they can re install the Software in other computer ? 1) dont they need Enter some Sensitive information like Email, Seed words etc?. Thanks in advance . :)

@CryptoGuide

3 жыл бұрын

If someone has your hardware wallet and knows your PIN they can access all your crypto. (Unless you are using a BIP39 passphrase that also needs to be entered each time)

Really really good

@CryptoGuide

3 жыл бұрын

Thanks :

I’m new to crypto and find it rather confusing. Thanks so much for this explanation. Super helpful! But I have a question: At 7:45, you say if someone has my Ledger Nano X and the PIN, they can download Ledger Live and access my crypto?? Don’t they still need the seed phrase for it?? If not, then what’s the point? That doesn’t seem very secure...

@CryptoGuide

3 жыл бұрын

That's right, if someone has your Ledger (which has been initialised with your seed) and the PIN they have everything. It's secure because your Ledger will wipe itself after 3 incorrect PIN attempts.

@SmartPracticeSuccess

3 жыл бұрын

@@CryptoGuide Thanks for your response. To clarify: someone who has access to my Ledger Live on my PC and/or phone? Or can someone download a new Ledger Live to their device and access my crypto from there (without accessing the Ledger Live on my devices)?

@CryptoGuide

3 жыл бұрын

If someone has the Ledger Nano and your Pin then they don't need access to your specific installation of Ledger Live, they can just install Ledger Live to a new PC, do the "add accounts" process and they will have all your funds. Conversely, someone who has access to Ledger Live on your PC, but who doesn't also have your physical Ledger Nano + PIN can't do anything.

@SmartPracticeSuccess

3 жыл бұрын

@@CryptoGuide Thanks so much! I appreciate it. I created 2 test wallets on my Ledger Nano X: one with no passphrase and one with a passphrase. Is there a way to delete one or both? For example, can I delete the passphrase wallet completely -- or change the passphrase? Or is the only option to create a new wallet with a new passphrase?

@CryptoGuide

3 жыл бұрын

You can remove the accounts from Ledger Live, but you can't "delete" accounts per-se if they have funds in them. What are you actually trying to achieve?

5:12 why I need move the funds if I create a new hidden wallet? why I can't have two hidden wallets?

@CryptoGuide

4 ай бұрын

You can have as many hidden wallet as you like. :) (All at the same time)

Hi crypto guide. Terrific video. I “set temporary passphrase” on ledger nano s two different times (the same passphrase). You say I create set of “wallet(s)” by setting a temporary passphrase. That’s where I get confused. I don’t know how to access the temporary passphrase wallet as distinct from the main/original wallet. Thanks for your help.

@CryptoGuide

3 жыл бұрын

Basically, once you set a passphrase (Temporary or attached to PIN) you will need to go in to Ledger Live and run the "add accounts" process again. This will allow you to add some new accounts that correspond to the seed+passphrase combination that are currently active on the Ledger. These are not handled any differently in Ledger Live than the accounts that are added without a passphrase (as Ledger Live doesn't even know that you are using a passphrase) so the way you name your accounts in Ledger Live is important. (And if you plan to use a passphrase for everything, then I would suggest removing the accounts that aren't associated with your passphrase) I have a video which looks at some common mistakes that can occur in this scenario and how to confirm that you are using the accounts that you think you are using kzread.info/dash/bejne/lYt2xK-Kh9e5prg.html (This is mostly aimed towards multiple seeds, but it also applies to passphrases)

@champion2799

3 жыл бұрын

@@CryptoGuide I clicked “add accounts”...there was no indication as to how I could get an added account to correspond to seed+passphrase combination. Fwiw, after I input a temporary passphrase on ledger and confirmed it a couple days ago, I disconnected the ledger from the computer without adding accounts or anything at the time.

@CryptoGuide

3 жыл бұрын

When you run "add accounts" with a passphrase active on your Nano S (either temporary or assigned to a PIN) then all of the accounts added correspond to that passphrase. In your example, ff you set a temporary passphrase, but didn't add any accounts for it, then it was simply forgotten when you disconnected it and none of the accounts you currently have in Ledger Live will reflect that temporary passphrase. As far as Ledger Live (or any software interface for a Ledger) is concerned, there is no difference between accounts that are associated with a passphrase and accounts that are not.

@champion2799

3 жыл бұрын

@@CryptoGuide thank you. Terrific directions. I added temp passphrase on ledger device while logged into ledger live. Before disconnecting ledger, I added an account as you advised. I think I understand and it works! However, if I lose my ledger 6 years from now...and I buy a trezor or ledger let’s say. And I want to access my main account...I put the 24 words in, then I’m in my main account. 6 years from now on a different device...after I setup my new device with 24 words...I’ll be able to access the “temporary passphrase” account I sense that I just setup just from going to settings>security setup passphrase on a totally different device?

@champion2799

3 жыл бұрын

So if I put 99% of funds on “temporary passphrase” account. It will be protected by a temporary passphrase forever (not temporary) on any device after I input the 24 words? Thanks so much for your help

Nice video

@CryptoGuide

3 жыл бұрын

Glad it helped :)

So when you add a passphrase it creates a unique wallet which can store multiple crypto as a typical wallet; you dont need one for each diffrent crypto coin/token, although you can if you want.

@CryptoGuide

2 ай бұрын

That's right

Nice video. Can you do a video on why the 24 pass phrase can't be hacked? I don't understand how a supercomputer won't just be able to try all the combinations of words and hack all the wallets?

@CryptoGuide

3 жыл бұрын

I actually explain it a bit in this video here: kzread.info/dash/bejne/imeT1piwf5XMZbA.html in the context of Bitcoin addresses. Basically the possible number of combinations in inconceivably large, in the same order of magnitude as the estimated number of atoms in the universe... The numbers are so large and the computational resources required to check each possible seed are so big that even supercomputers can't just magically solve it. (And it isn't really conceivable that technology to do this is likely to exist within the next century)

Great video! In deciding whether or not to add a passphrase I cannot figure out something. I know I can always restore my accounts onto a new trezor with my seed words. Right. BUT what keeps some dude with a trezor in his basement watching netflix from inputting random seed words into his trezor and hitting on a lucky combination and stealing someone’s crypto????If this is possible obviously we MUST have a passphrase too! For the sake of my heirs I don’t want to add complexity if it is not required! Thanks!!!

@CryptoGuide

3 жыл бұрын

Math... You are vastly underestimating the number of possible seeds... I talk about the orders if magnitude in this video here kzread.info/dash/bejne/imeT1piwf5XMZbA.html Basically even trying to brute-force more than four missing words from a seed isn't doable in a human lifetime...

@sylvianederlander2317

3 жыл бұрын

@@CryptoGuide thank you for the quick reply!

@sylvianederlander2317

3 жыл бұрын

@@CryptoGuide I am sorry. I reviewed the video but must be missing something. I get that it is near impossible to find a SPECIFIC person’s private keys but I don’t see what keeps a guy with a hard wallet and a lot of time from setting it up as a recovery from a random seed phrase to see if there’s any crypto in it. Are you saying that the number of possible combinations is so infinitely large that he’s unlikely to find a combination with any crypto in it?

@CryptoGuide

3 жыл бұрын

Yes... You are still vastly underestimating the number of possible seeds... It's on a cosmic scale... It's so few that tools like BTCRecover can be run against a list of every Bitcoin address ever used for years on end and you will get nothing... The number of Bitcoin addresses ever used (~500 million) is still nothing compared to the entire address space...

@sylvianederlander2317

3 жыл бұрын

@@CryptoGuide now i get it- just too many safe deposit boxes to pry open when just the rare few are filled! Thanks for your patience!

Hi mate. Just wondering if a passphrase hidden wallet( vault )in a ledger or Trezor hardware wallet can b Recovered by means of a software wallet, if you don’t have access to another hardware wallet. Cheers Steve.

@CryptoGuide

2 жыл бұрын

Generally yes, but it depends on which exact coins you had. Mainstream stuff like Bitcoin, Eth, etc is straightforward, but some more obscure altcoins can be a bit tricky.

@stevolanddownunder8935

2 жыл бұрын

@@CryptoGuide thanks heaps mate for quick response . That’s good to know. Was thinking of mainly top ten marketcap crypto’s. Was just thinking Worst case senerio If hardware wallets got banned. Or stopped manufacturing them. 👌

@CryptoGuide

2 жыл бұрын

Yea basically avoid any vendor who doesn't follow standards like BIP 39/44... You want to avoid vendor lock in at all costs...

Sir, there is something that I don't understand. I understand that when you have the pincode of a hardwallet you have access to the crypto currencies on that hardware wallet, but why do you then need the seed prhase?

@CryptoGuide

3 жыл бұрын

Your seed phrase is your backup, as eventually your hardware wallet will fail and you will need to import the seed in to a new one. Your seed phrase is your wallet.

halo, why is my wallet not recognizing the first ps2h address derived from my xpub?

@CryptoGuide

3 жыл бұрын

If you are using Ledger Live to get the xpub then you will need to convert it to a ypub. Check out my video on watch only wallets.

Can you help me! I have my key phrase for my KeyWallet from 4 years ago but my PIN No longer seems to open it in order to put in my key phrase. How can I reset this hard wallet?

@CryptoGuide

3 жыл бұрын

Process here shapeshift.zendesk.com/hc/en-us/articles/360018433760-How-Do-I-Wipe-My-KeepKey-

I need your help Iv lost or cannot remember my pass phrase on exodus is there anything I can do because iv been through all my pass phrases I'm at a loss please help

@CryptoGuide

2 жыл бұрын

You can give BTCRecover a go to try and recover it.

Also please confirm if seed phrase same as create an API secret and pin

@CryptoGuide

3 жыл бұрын

No, these are not related at all.

Thank you for your help!

@CryptoGuide

3 жыл бұрын

Glad it helped!

@nicodemus-dean7020

3 жыл бұрын

@@CryptoGuide I have the electrum app, I have the key phrases and the pin but 1 only have one passphrase that was used. I think there is another passphrase that I saved a wallet to. I have a lot of ideas, I only have a few passwords. There is no chance or recovering without the passphrase? Otherwise I could try everything I can think of. Also (sorry) I wiped the device with the passphrase and re entered the same keys, did I erase a wallet passphrase by doing that? Thank you so much!

@CryptoGuide

3 жыл бұрын

Are you talking about a BIP39 passphrase or a seed phrase? (Those terms are defined in this video)

@nicodemus-dean7020

3 жыл бұрын

@@CryptoGuide Yes , the BIP39 phrase I think I established 2 passphrase. I sent my funds out of Keepkey to add a 24 word pass, but decided to just restore the original keys. Then , after restoring the Keepkey I must have entered another passphrase? I will try to change the derivation path of keepkey.

@nicodemus-dean7020

3 жыл бұрын

@@CryptoGuide I'm looking for a guide how to change the derevation path in 4.0.9 ?

I have 2 factor authenticator enabled on my coinbase wallet but never took a copy of seed phrase.

@CryptoGuide

3 жыл бұрын

Coinbase is custodial, so you don't have a seed phrase. I talk more about what this means in this video here kzread.info/dash/bejne/d3euu8Wbm8ngYpM.html

is ledger the best hardware?

@CryptoGuide

4 жыл бұрын

It depends on what you are looking for. I cover a number of hardware wallets in detail here cryptoguide.tips/hardware-wallet-comparisons/ That said, I think that for the vast majority of users, the Ledger Nano S represents the best mix of security, software support and altcoin support and a great price. (S and X are basically the same if you don't want to trade a bunch of altcoins at the same time or use it with an Apple mobile device) If you are only interested in Bitcoin and are an advanced user, then a Coldcard is hard to beat at the same price as the Nano X. (For everyone else I think the Nano X would be "top of the range")

@martinlutherkingjr.5582

4 жыл бұрын

Sega GameGear has better hardware.

@CryptoGuide

5 ай бұрын

.

Great video, whats the diffence between a passphrase and a secret key?

@CryptoGuide

Жыл бұрын

Some wallets will call your seed phrase your "secret key"

@IsaacWendt

Жыл бұрын

@@CryptoGuide Sorry but to just follow up. In metamask you can download you secret key for each wallet but that it's your seed because you can also download that. What am I confusing here? Side note. Do you know a way to create a seed offline without using a hardware wallet? Last question, does using metamask locally store you're seed? making it alot riskier?

@CryptoGuide

Жыл бұрын

That's right, Metamask calls you seed a select key. You can create a seed offline with dice, I have a video on our. Metamask stores the seed locally in your browser, so is far riskier that a hardware wallet.

Why is your subscriptions so low? Your tutorials are fantastic.

@CryptoGuide

3 жыл бұрын

It's growing slowly but surely :) Thanks for the encouragement

What about importing mnemonic from a multi coin wallet to a single coin wallet are your other cryptos safe

@CryptoGuide

2 жыл бұрын

Yep, if you import something like a Ledger seed in to a ColdCard, the ColdCard will only interact with the Bitcoin accounts and ignore all the others entirely. That said, it could still access them all, so doing something like importing your saw seed from a Ledger in to something like MyEtherWallet compromises the security of all of the coins on the Ledger seed, not just the Eth.

@justmythoughts2786

2 жыл бұрын

@@CryptoGuide Thank you

@CryptoGuide

5 ай бұрын

.

Please help me understand this and excuse my lack of understanding, the factory who made the device assign seed phrase to each device, so basically seed phrase is pre selected, what is the proof or guarantee that the maker of any hard wallet won't keep such records?

@CryptoGuide

3 жыл бұрын

Your seed isn't pre-set at all, it is generated fresh when you first initialize the device. (And you get a new one each time you reinitialize) If you ever receive a device that it pre-configured, it's a scam.

@fcbayerndinho10

3 жыл бұрын

@@CryptoGuideThis answer cleared alot of questions. Can you elaborate on the difference between the system of ingrave vs ellipal in seeding? and thank you×10.

@CryptoGuide

3 жыл бұрын

Firstly, I would avoid either of those options.... (Neither ngrave or ellipal support standards well) Basically Ledger and Trezor use entropy to generate a seed, either through specialized hardware (Ledger) or drawing entropy from multiple sources (Trezor).

@fcbayerndinho10

3 жыл бұрын

@@CryptoGuide Is there a video or a link to explain the difference in both or if you can simplify, again im new to all of this and just trying to wrap my head around it and again I thank you for your time!!

@CryptoGuide

3 жыл бұрын

The closest explanation that is relevant for hardware wallets like that is this one here kzread.info/dash/bejne/nqeYmcmAe5W9d7w.html

This is very confusing. What is my seed phrase connected to? Where would I go to use it, if I lost my hardware wallet? Does one seed phrase access all my coins or just one and does it access all the different addresses?

@CryptoGuide

3 жыл бұрын

It can be quite confusing until you get your head around it. If you watch my videos on reset/recover/verify Ledger or Trezor, or my video on recovering without your hardware wallet, you can see what it looks like to restore a seed. Basically the one seed backs up all coins and accounts that your hardware wallet will ever create. I explain this a bit in my video about why receive addresses change.

Hi , i need your help please, i forget my passphrase pin ,so i can't find my crypto what i have to do ?

@CryptoGuide

6 ай бұрын

Do you still know the passphrase? If so then you can just use the temporary passphrase feature to access your funds.

what I don't understand is, these wallets give you your passphrase. What is to stop the creators of these wallets from keeping a database with every wallets seed phrase attached to those wallet ID's..... can we change our seed phrases on say a ledger nano?

@CryptoGuide

2 жыл бұрын

The simple answer is nothing. This is why you want to either use hardware wallets from trusted/audited vendors, use hardware wallets where the hardware/software are open or use a hardware wallet that lets you use your own entropy via dice. That said, you can also just add your own BIP39 passphrase (being sure to include it in your backups) to allow you to remove any trust in the vendor.

Hey quick question how can I get my seed phrase from my coin base account is impossible??

@CryptoGuide

3 жыл бұрын

You don't, your coinbase account is a custodial platform.

@HEADBANGA34

3 жыл бұрын

@@CryptoGuide oh okay so only coinbase wallet has a seed phrase sadly

@CryptoGuide

3 жыл бұрын

That's right.

Do you know why does Ledger stores the passphrase on the device if not for validation?

@CryptoGuide

2 жыл бұрын

Ledger lets you store or either on-device, assigned a pin, or entered each time. The reason for this is plausible deniability. There is simply no way to know whether a given Ledger is using a passphrase if using it assigned to a PIN. The unlock process is the same, the device doesn't advertise that a passphrase is in use, etc. (As opposed to devices like Trezor that advertise that passphrase is enabled) The Ledger approach also makes it safer and easier to use a long passphrase. (Very useful if you are using a passphrase to secure your backups)

@iamintractable1805

2 жыл бұрын

​@@CryptoGuide This is an excellent point. I never really understood how one would achieve plausible deniability if the damn thing is asking for a passphrase Ann the time. I see now how ledger solves the problem, but isn't still risky to have the passphrase stored on the device? Why not just set up pins where some prompt for a passphrase and some don't. I am going to add this as a feature request for Trezor.

@CryptoGuide

2 жыл бұрын

The Ledger has a secure element, basically a hardware advantage that the Trezor doesn't have which means that passphrase isn't really related to the physical security of the device in the same way as is the case for Trezor.

I can't believe I can't easily find this answer ... when entering you seed phrase or master key, do I enter spaces after each word?

@CryptoGuide

3 жыл бұрын

For your seed phrase, yes, every wallet will force you to enter the seed words separately. For a BIP39 passphrase and other passwords, a space is a valid character too, so can be part of the passphrase.

@frustratedmajority851

3 жыл бұрын

@@CryptoGuide Thats answered a question I didn't know i had lol! I too have a question i can't seem to find an answer to... I have a trezor T but want a 24 word seed phrase. If I added a 12 word passphrase (without spaces) and wrote everything down and stored on metal... could I restore this wallet on another device (ledger nano s) by simply treating it as an original 24 word seed phrase during the initial recovery process? Or would i NEED to restore it using the original 12 word seed phrasd and then enable the passphrase on the device? In other words, does my 12 word passphrase combined with my 12 word seed phrase essentially become a 24 word seed phrase that i can simply restore on any new device? Or does the new device need to support passphrases? Sorry for repetitively asking something thats probably simple to you but I cant get a solid answer and the next best thing is to buy a whole new device and try it. Hopefully you could clear this up for me though and save me $60 lol. Love the channel! I recently subbed

@CryptoGuide

3 жыл бұрын

What you have done is straightforward. You have a 12 word menmonic (seed phrase) which follows BIP39, has a checksum, will work across wallets, etc. You have added a 12 word BIP39 passphrase, so a bunch of wordss. This has not changed your seed in any way, you will need to restore both the seed and the passphrase on any future device. (Though this should be fine with things like a Ledger, etc) Depending on whether you used words from the BIP39 list, or the EFF short list (or something else) for the passphrase, you want to make sure you include this info in your backups somehow, as you might end up in a situation where you think it is a 24 word seed, only to discover that it is not valid. (Let's say you just store it all and don't look at it again for 5 years, you may forget what you have done)

Should you store your seed phrase on a password manager secure notes?

@CryptoGuide

2 жыл бұрын

Certainly not, especially if you have a hardware wallet. Write it down on card and store it somewhere you won't lose out.

Is it possible to change my recovery phrase on my Ledger Nano X without losing my crypto on the device?

@CryptoGuide

2 жыл бұрын

You will need to manually move the funds from the old seed to the new one. I have a video that runs through how to safely do this with a single device.

@GaryDisciple

2 жыл бұрын

@@CryptoGuide Wow; what a quick response! I'm sorry, I'm a newbie; what is the video's name?

@CryptoGuide

2 жыл бұрын

kzread.info/dash/bejne/Ymmd0Kqhqq7JdrQ.html

@GaryDisciple

2 жыл бұрын

@@CryptoGuide Thank you!!!

@CryptoGuide

5 ай бұрын

.

Why don't paper wallets have seed phrases?

@CryptoGuide

4 жыл бұрын

Because they are a really old and basic approach that pre-dates seed phrases. Single public/private key paper wallets (like what you get on sites like bitaddress) are very flawed and unsuitable for 99.9% of normal users. You can generate a seed phrase and use that as the basis for a paper wallet if you like. (Low cost offline storage without needing to buy a hardware wallet)

So if someone has your ledger and pin they can install ledger live on their pc and access the funds? Don t they need the seed phrase?

@CryptoGuide

3 жыл бұрын

Thats's right. If someone has your Ledger+PIN they don't need your seed. (Unless you have enabled a BIP39 passphrase and only set it to temporary, or assigned it to a secondary pin)

@dottorcarlone

3 жыл бұрын

@@CryptoGuide what you mean temporary passphrase?

@CryptoGuide

3 жыл бұрын

If you look at my reset, recover, verify video for a Ledger Nano it is demonstrated there.

@dottorcarlone

3 жыл бұрын

@@CryptoGuide thanks

@CryptoGuide

5 ай бұрын

.

where do i find my seed phrase on coinbase?

@CryptoGuide

3 жыл бұрын

Coinbase is a custodial wallet, so they hold the private keys. I talk about this more here kzread.info/dash/bejne/d3euu8Wbm8ngYpM.html

@guptaboyscricketsessions

3 жыл бұрын

@@CryptoGuide thank you. So you are saying exchange like coinbase don't share seed phrase and instead give you private keys for each crypto? Also if this is the case so if I hold my crypto with them and would like to transfer those to another exchange, what do I need? Just private keys or also seed phrase which I don't have since I am on coinbase. Do I also need API secret and pin? Please help understand more.

@CryptoGuide

3 жыл бұрын

No, coinbase doesn't give you any private keys for anything, ever... The API key is purely to enable services to interact with their platform, it has nothing to do with private keys. If you want to move your Bitcoin off the exchange, you just send it like any other transaction.

I have forgot my TENUP WALLET PASSPHRASE CAN I recover it????

@CryptoGuide

2 жыл бұрын

Do you have a recovery seed or anything like that?

Can I duplicate my Nano X on a Nano S?

@CryptoGuide

2 жыл бұрын

Yep

@DegenerateSpeculator

2 жыл бұрын

@@CryptoGuide that was fast! Thanks! Safe to say adding a passphrase would save money from having to get multiple hardware wallets correct? If I was trying to make another wallet on the same blockchain?

@CryptoGuide

2 жыл бұрын

That's right, there aren't many things you actually ever need a second hardware wallet for other than having a backup on-hand. You shouldn't need multiple seeds beyond having one for a hot wallet and another for your hardware wallets. Just be sure to include your passphrase in your backup scheme somehow.

@DegenerateSpeculator

2 жыл бұрын

@@CryptoGuide I cant stop watching your videos now 😁 sharing with my friends and subscribed but I do have one last question. Is there any reason for making a passphrase and PIN other than not having to enter the passphrase everytime? Why not just use the temporary everytime? Just one less thing ( 2nd PIN) you have to remember

@CryptoGuide

2 жыл бұрын

In terms of making use of the Ledger assigning a passphrase to a PIN, this is useful for three reasons. 1) Less error prone... I do recoveries for folk who have made a typo in their passphrase all the time... Simply put, being able to assign it to a PIN (and verify that it and your backup is correct using the temporary PIN option) makes it far less likely that you will have a typo in it... 2) Convinience... The only catch here is that folk who memorize their passphrase may actually forget it and not realiese they have a problem... (So be sure to include the passphrase in your backups) 3) Plausible deniability. You may want to have some funds assigned to the "non passphrase protected" wallet that you could unlock and send to someone in such a way that looks identical (Both in terms of workflow and as far as the software/hardware is concerned) to unlocking with the "passphrase assigned" PIN. (Though if you have all your accounts just saved in Ledger Live, this undermines using it in this way)

hey i need help, i can see my btc nd eth funds on my phone but nothing on ledger live... anyone?

@CryptoGuide

4 жыл бұрын

So do you mean that they are visible in Ledger Live in your phone but not on your PC?

@Yagurltt97

4 жыл бұрын

Crypto Guide correct, what to do brotha?

@CryptoGuide

4 жыл бұрын

Sounds like Ledger Live on your PC is out of sync. Does it display all the transactions up to a certain date or just nothing?

@Yagurltt97

4 жыл бұрын

Crypto Guide unfortunately nothing :(

@Yagurltt97

4 жыл бұрын

Crypto Guide I guess Email support

Summary Seed Phrase - Importance Level 5 - Keep in the safe on steel. Ideally have two in different locations Pass Phrase - Important Level 5 - Keep on steel. NOT where you keep your Seed Phrase. Different location best. Pin - Not so important to back up. If forget it can just wipe it. However, don't want a thief to have it or know it. Gives you time to transfer assets to new wallet Password - Least important - Just keep in password manager - Only can view without Cold wallet and password (or with recovered cold wallet with knowledge of pass phrase) Questions 1. what level of Pass Phrase to use? 2. On ledger which can save your secondary pin, linked to a pass phrase. So you won't have to type it in all the time. However, does this just remember 1 pass phrase wallet linked to the secondary pin or multiple pass phrase wallets linked to the secondary pin?

@CryptoGuide

3 жыл бұрын

Good summary. In terms of your questions... 1) I have a video that looks selecting a passphrase depending on what kind of security you are looking for it to add. Regardless of what you choose, my suggestion is to just use an appropriate number of words, all lower case, no spaces or anything else, from the diceware short list. (This helps to ensure that you aren't taking entropy shortcuts and also makes it more robust in terms of error detection/correction) 2) This is correct, Ledger Nano devices allow you to save the passphrase to a secondary PIN, meaning that you only have to enter it once. You can only have a single passphrase that is assigned to a secondary PIN. (Though you can also set passphrases to be temporary and have as many of those as you like) This is demonstrated in my video that looks at reset, recover and verify for a Ledger Nano.

It sounds more difficult than getting all of the money in a centralized exchange OUT-!

@CryptoGuide

2 жыл бұрын

Self custody is more complicated than just leaving everything on an exchange.

bahi 20000 rupe du ga mera paharse h passpharase name bul gaya help kr do

@CryptoGuide

3 жыл бұрын

Yea Google translate doesn't tell me what you are asking... If you forgot your wallet password then something like BTCRecover could help. github.com/3rdIteration/btcrecover/

Save the words in Avast Passwords with a strong master password

@CryptoGuide

3 жыл бұрын

No... Don't do this with your seeds unless you are deliberately trying to get robbed... Passphrase, Wallet PIN or software interface password... Sure... But never your seed phrase.

@guitarflash2049

3 жыл бұрын

@@CryptoGuide how would it be possible for me then to find it if something happen

@CryptoGuide

3 жыл бұрын

If your seed is leaked due to storing a digital copy, the first you will know is when you see all your crypto sent away from a transaction you didn't initiate. This will not be recoverable.

@CryptoGuide

3 жыл бұрын

Store it in a secure location in your home, safe deposit box, etc. (You can have redundant copies)

@guitarflash2049

3 жыл бұрын

@@CryptoGuide not sure it is save to safe it anywhere

More confused.. did u hv a gun to ur head n thats why u spoke tweeker fast??

@CryptoGuide

3 жыл бұрын

Just watch it again, you can change the playback speed to 0.75 too if that helps :)

Steve, you helped me out a while ago with recovering ETH, need your help again.

@CryptoGuide

2 жыл бұрын

Just ask here or if you want a paid consultation, you can request it via the webform.

@vicl2231

2 жыл бұрын

@@CryptoGuide Can you help recover BTC from 4 years ago? Sent to a wrong address

@CryptoGuide

2 жыл бұрын

Where exactly did you get the address from that you sent the funds to? (Which wallet, app, exchange or website)

dude can you recover my account ,thanks

@CryptoGuide

3 жыл бұрын

How many seed words are you missing?

@SioneNai

3 жыл бұрын

@@CryptoGuide 12

@CryptoGuide

3 жыл бұрын

Unfortunately this is unrecoverable. I'm sorry for your loss.