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| Name | The Secrets of Bitcoin Wallets and Private Keys |
| Video Uploader | Video From Bitcoin University |
| Upload Date | This Video Uploaded At 16-12-2021 15:15:31 |
| Video Discription | Get my Bitcoin course: https://www.trader.university/courses/38824-the-ultimate-guide-to-bitcoin Use discount code YT99 for the best price. In this video, I discuss how Bitcoin wallets work, how private keys are generated and stored, and how to use a recovery seed to backup your hardware or software wallet. Bitcoin wallets do not store Bitcoin; rather they store your private keys, which allow you to send/spend your Bitcoin. Bitcoin wallets first generate your private key, then use that private key to create a public key (xPub, yPub, zPub), which can then be used to generate unlimited receiving addresses. Your 12 or 24 word recovery seed is a representation of your private key. Never share it online, or someone will use it to steal your Bitcoin. Hardware wallets (cold storage) are currently the best way to store large amounts of Bitcoin. Hot wallets (connected to the internet) are much less secure, and should only be used for spending small amounts of money. Not investment advice! Consult a financial advisor. Software wallet: https://bluewallet.io/ Hardware wallet: https://trezor.io/ Binary to decimal conversion: https://www.binaryhexconverter.com/binary-to-decimal-converter BIP39 word list: https://github.com/bitcoin/bips/blob/master/bip-0039/english.txt Check out my online trading courses: https://www.trader.university/join Use this secret coupon code to get a discount: YT99 Check out my Amazon best-seller, "A Beginner's Guide to the Stock Market": https://www.amazon.com/Beginners-Guide-Stock-Market-Everything-ebook/dp/B07S31TBF5 I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals. #Bitcoin #BitcoinWallet #PrivateKey Disclaimer Neither Trader University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video or at www.Trader.University (henceforth, “the Site”) should be construed as such by you. This video and the Site should be used as educational tools only and are not replacements for professional investment advice. There is a high risk in trading. [oR5TwVxhNG4] |
| Category | Education |
| Tags | Bitcoin | Bitcoin private keys | Bitcoin wallets | hardware wallet | Trader University |
