How To Store Crypto In Hardware Wallets (For Beginners)

In this video I show you how to store crypto in a hardware wallet. I’ll send crypto from an exchange to a hardware wallet to show you the exact step-by-step process.

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Mentioned Hardware Wallets:

🌟 Tangem Wallet (10% Off Code: Cyberscrilla)

LINK: https://tangem.com/en/pricing/?promocode=Cyberscrilla#pricing

SUPPORTED TOKENS: https://tangem.com/

🌟  Trezor Safe 3 (8% Off Code):
Trezor has discontinued our main discount code. Use our link to view the latest discounts:

LINK: https://trezor.io/trezor-safe-3?transaction_id=102e219fe8905a139e43116daf9b7c&offer_id=169&affiliate_id=10648

SUPPORTED TOKENS: https://trezor.io/coins?transaction_id=102e219fe8905a139e43116daf9b7c&offer_id=169&affiliate_id=10648

🌟 Onekey Classic (5% Off Code: CYBERSCRILLA)
LINK: https://shop.onekey.so/products/onekey-classic-crypto-hardware-wallet?sca_ref=4037439.Nl1BVLA1Ii

SUPPORTED TOKENS: https://onekey.so/tokens/?sca_ref=4037439.Nl1BVLA1Ii

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🚀 Explore Cyber Scrilla:

📬 Newsletter: https://cyberscrilla.com/newsletter/
🐦 Twitter:  https://twitter.com/cyberscrilla

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Chapters:
0:33 – Tips For Sending Crypto
2:56 – Sending Crypto to Mobile Hardware Wallet
4:27 – Sending Crypto to Desktop Hardware Wallet
5:22 – Sending Crypto To An Exchange
6:49 – Choosing The Right Cold Wallet
9:18 – My Favorite Hardware Wallets
12:38 – Word Of Caution

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Disclaimer: The information provided is for informational purposes only and should not be considered financial, legal, or tax advice. The content reflects the speaker’s opinions and is not from a licensed financial advisor or registered investment advisor. Please note that this description contains affiliate links. If you make a purchase through one of these links, the channel may earn a commission (at no additional cost to you). Thank you for supporting us!

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Wishing you safe and successful crypto adventures.
– Alex Gomez 🫶

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I’m going to walk you through step by- step how to store your crypto in a hardware wallet from sending your crypto from an exchange to receiving it in your Hardware wallet device and I’ll also be sharing some important tips along the way that will Empower you to store your

Crypto as safely as possible now I’ve transferred crypto to dozens of Hardware wallets over the years so I wanted to show you the best possible method to get crypto into your Hardware wallet regardless of the exchange or Hardware wallet you’re using so before I even show you how to transfer crypto into a

Hardware wallet let’s start with some crucial tips that everyone should know before they transfer crypto anywhere tip number one your Hardware wallet doesn’t need to be turned on to receive crypto think of it like having a PayPal account or a bank account all you really need are the details of the account that

You’re sending money to or in this case you need the public address of your Hardware wallet think of this like your crypto mailbox anyone can send crypto to your Hardware wallet if they know your public address but that’s all they can do they can’t access your wallet just by

Knowing your wallet’s public address so while you don’t necessarily need your Hardware wallet turned on to send crypto to it you will have to turn it on at some point to copy your public wallet address so that you can send crypto to it tip number two crypto is not stored

On a wallet it’s actually stored on the blockchain so think of your wallet more like the master key to access your crypto account on the blockchain because after all wallets hold the private key used to access our crypto so when you transfer crypto what you’re actually doing is moving crypto from one address

On the blockchain to another address that said most people myself included still refer to this process as storing your crypto in or on a hardware wallet just because it sounds better than using a hardware wallet to manage your crypto tip number three be prepared to pay

Transfer fees now a lot of people think that these fees are determined by either the crypto exchange or the wallet you’re using which is simply not the case these fees are actually determined by the blockchain network and depend on how busy the blockchain is at the time of your transfer depending on the

Blockchain you’re using these transfer fees can range anywhere from from a couple of dollars to upwards of $100 I’ve seen when the network is super busy so make sure when you’re sending crypto you’re actually sending amount that’s worth it otherwise you might actually end up paying more in transfer fees than

The amount or crypto you’re sending tip number four do a small test transaction first when you’re sending crypto so for example if you sending $100 worth of eth to your Harbor wallet try sending $5 at first just to confirm that you’re doing it right and that you received it on

Your hard rare wallet and then once you get more comfortable transferring crypto you can skip the little test send because it will cost you more money since you are doing more transactions on the blockchain tip number five transferring crypto does not have to be complicated it’s always the same process

Regardless of which crypto exchange or wallet you’re using the process is going to be the same the interface might look a little different but overall the steps that you take to get crypto from one place to another are going to be the same don’t over complicate it okay now

I’m going to show you how to send crypto from a crypto exchange to a mobile only harder wallet for this example I’m going to send some eth from my Kraken account to my tangum Hardware wallet and don’t worry later on I’m going to show you how

To do this using a desktop only Hardware wallet even though it’s the same process so first I need to copy my eth public address from my tangum Hardware wallet aka the receiving address so to do this I’m going to open up my tangum wallet tap ethereum tap receive and then copy

The public address then I’ll exit out of my Hardware wallet because I don’t really need it anymore and I’ll sign into my preferred crypto exchange which I’m using Kraken from there I just go to my portfolio tap ethereum and select withdraw on other exchanges this button might say something like send it’s the

Same thing though next I’ll paste my harder wallet address or in this case I just simply select it because I’ve already used it before so my crypto account actually saved this address then enter the amount of eth I want to send in my Hardware Wallet tap send and

Confirm the transaction this is also when the transaction fee will be deducted from your crypto portfolio when sending crypto from an exchange to a harder wallet or really anywhere externally it can take as little as a minute up to 10 minutes again it just depends on the network so don’t be

Scared if you don’t see it immediately show up in your wallet but just to double check you can always sign back into your Hardware wallet go to your portfolio and confirmed that you received the crypto that you sent as you’ll notice I didn’t receive the full amount because it did deduct some for

That transaction fee next I’ll quickly show you how to transfer crypto from an exchange to a desktop only Hardware wallet now just to be clear this is the exact same process I just showed you except I’m doing it all on my computer for this example I’m going to transfer

Eth from my Kraken account to my treasure Hardware wallet so first I’m going to copy my eth public address from my treasure harder wallet so I’m going to open up treasure Suite which is the program used to manage crypto with this wallet then I’ll tap ethereum tap

Receive and copy the eth public address then I’m just going to exit out of my Hardware wallet log into my crypto Exchange from here I go to my portfolio tap ethereum since that’s what I’m sending and select withdraw now I enter the amount of eth I want to send in my

Treasure Hardware Wallet tap send and confirm the transaction and to check that I received my eth in my Hardware wallet I’m just going to sign back in a treasure Suite go to my portfolio where you can see that at a ride without any issues super easy but what if you want

To send crypto from your Hardware wallet back to an exchange well it’s really the exact same process but in reverse so let me show you really quickly to do this sign into your crypto exchange and select the crypto that you want to receive then tap deposit or receive

Whatever your exchange says select the network your crypto is on and then copy the public address next go to your harder wallet then tap send and enter the amount you want to send to your exchange account paste your exchange’s public address then hit send and confirm the transaction again your crypto might

Take a while to arrive in your crypto account so just give it a few minutes before checking all right now that you know how to send crypto to and from a hardare wallet you probably have some questions about Hardware wallets in general one of the most common questions

That I see is what happens to my crypto if I lose my Hardware wallet or if it’s damaged well nothing really happens to your crypto directly however you will have to get a new hardware wallet for example if I stored crypto on this one key hardware wallet and say I lost it I

Can take the seed phrase that I generated on this hard wallet and then import it into my tangum hardare wallet and regain full access to all of my crypto that said the most important thing is that you keep your wallet seed fras secure because this is what you

Need to access your crypto if you lose your seed phrase you lose access to your crypto there’s no way to recover it so think of your harder wallet more like a vessel and your seed phrase is like the path to your crypto on the blockchain okay but how do you choose the right

Hardware wallet for you because everyone has different needs when they’re looking for a hardware wallet so what I do is ask myself a few simple questions that will help me determine which Hardware wallet is right for for my specific scenario the first question you want to

Ask yourself is what tokens do you plan on managing using your Hardware wallet and the reason you want to ask this question first is because if you get a hardware wallet that doesn’t support the tokens that you want to manage then that Hardware wallet is completely pointless

To you so the best way to do this is to go to the manufacturer’s website and they will have a page where you can view all the supported tokens you can even search for certain tokens and that way you can quickly figure out if that harder wallet will support the tokens

That you want to manage so along with some of my favorite Hardware wallets I’ll also drop links to the supported coins in the description of this video for each wallet that I share next question how userfriendly is the wallet I’ve seen it time and time again someone

Goes and buys a super fancy Hardware wallet with a ton of security features and they end up hating it because it’s actually too complicated to use and an over complicated Hardware wallet can actually become a security risk because you could mess something up that’s why

If you’re new to all this if you’re new to Hardware wallets and self- custody then you should prioritize user friendliness over a ton of security features that you’ll probably never even use because you don’t understand them well that said what security features should you look for in a harder wallet

Well personally I like my harder wallet to one be able to generate a seed phrase 12 or 24 whereas it doesn’t matter they’re both secure and two I like it to have a secure element chip this is the same kind of chip that you’ll find in things like your bank card or electronic

Passports that are used to protect sensitive information and prevent them from being hacked in the case of a hardware wallet this chip usually stores your private key and prevents Mau and physical Brute Force attacks from extracting your private key along with that I prefer my harder wallet to offer

The option to set up either a device specific pin or a passphrase which is really just another method to prevent someone from Gaining unauthorized access to your hardare wallet one of the last questions I asked myself when choosing a hardware wallet is how do I want to

Manage my crypto do I want to manage it using my phone or do I prefer using a desktop device or maybe I want to have the option to use both and once you answer all these questions you’re almost ready to select the right Hardware wallet for your specific scenario but if

You’ve answered all these questions and you still have no idea where to look for a harder wallet you don’t know which brands are reputable which Hardware wallet you can trust to secure your crypto I’m going to take a minute to share some of my personal favorite Hardware wallets as I mentioned earlier

I’ve tested dozens of different Hardware wallets I own a ton of Hardware wallets so I’m just going to share a few of my favorites if you end up liking one of these wallets that I share I also have discount codes for all of them in the description of this video that you

Should definitely take advantage of to save a few bucks so my first choice is tangum this is by far the most userfriendly and one of the most affordable hardw Wallets on the market costing only $50 so it is perfect for beginners what I like about this wallet

Is that it’s super simple to set up it only takes a couple of minutes the tangum app walks you through the entire setup process step by step plus it has a ton of the security features that I mentioned earlier it does allow you to generate your own 12w seed phrase and

Import a seed phrase plus it has a secure element chip in it and you can set up a user generated access code to prevent anyone from Gaining unauthorized access to your wallet now the main downside to tangum is that you have to have an NFC enabled phone because this

Is a mobile only wallet so if you don’t like managing your crypto on your phone or you don’t like the fact that this wallet when you generate a seed phrase it will briefly be displayed on your phone then this next wallet might be a better choice for you the treasure say 3

While not as userfriendly as tangum wallet is still a great wallet for beginners it’s still considered an entry level wallet and since it is a desktop only or I should say a desktop focused Hardware wallet you do have to download the free treasure Suite program to set

Up your wallet and manage your crypto but again this is a really straightforward process you download the program on your Mac Windows Linux PC whatever you have and then you just follow the steps on screen to set up your wallet super easy the treasure say 3 is one of my favorite harder wallets

Because it is still super affordable it’s under $100 plus it has all the security features that tangum has and more and everything that you do on this wallet such as generating your seed phrase or importing your seed phrase or entering your PIN is all displayed on the device

Itself rather than on your computer and this is for increased Security Plus treasure as a company has been around for 10 years they are one of the most reputable and most welln know Hardware wallet manufacturers on the market the only downside to the say3 is it does

Have a fairly small screen and it is again mainly a desktop only harder wallet so if you prefer managing your crypto on a mobile wallet then you might want to go with something like tangum and this last wallet that I’ll recommend is the one key classic now this wallet

You can manage your crypto on both your desktop and mobile devices including Mac Linux and Windows computers and IOS and Android mobile phones it’s just as easy to set up as the treasure safe 3 and it’s just as affordable still under $100 however similar to the safe 3 the screen

Is although it’s a little larger is still fairly small so that said if you want a wallet that has all the same security features and is just as easy to set up as the one key classic you could opt for the more premium version which

Is the one key touch which comes with a 3-in colored LCD screen that’s uh really responsive and it just makes it easier to navigate your crypto however it does come with a premium price tag of $250 so you’re definitely forking over more money for this premium version but

Getting a reputable Hardware wallet and transferring your crypto to it is only step one of securing your crypto you have to know how to use a hardware wallet effectively so that you don’t fall victim to the various hacks and scams that would result in you losing

Your crypto and I show you just how to do that in this next video so definitely check that out thanks for hanging out with me I’ll see you in the next one