The Best Bitcoin Cold Hardware Wallet

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🚀 Today’s video is all about Security! Watch to the end of this video to learn about the best options to protect your #Bitcoin Stack. Live stress free knowing that your bitcoin is safe from hacks and frauds with a hardware wallet.

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When it comes to safely and securely holding Bitcoin nothing comes close to the security that a hardware wallet can provide you in a world that saw over a billion dollars worth of cryptocurrencies stolen in hacks and frauds in 2022 the importance of holding your Bitcoin private keys in self-

Custody has never been higher if you are new to the world of Bitcoin some of these phrases mean nothing to you and that is okay stick around until the end of the video and you will be able to understand what it means to secure your own Bitcoin with confidence let’s start

From the top what is a Bitcoin wallet in order to be protected from frauds and thefts Bitcoin must be withdrawn off the exchange that you purchased it from and onto a Bitcoin wallet there are two types of wallets there are hot wallets which hold your Bitcoin on the internet

And cold wallets which hold your Bitcoin on a device known as a hardware wallet Hardware wallets are specifically designed to encrypt and safely store your wallet’s seed phrase password in a device that is disconnected from the internet the risk of holding your Bitcoin in a hot wallet is that a

Computer hacker could break into your account from halfway across the planet and drain your wallet of your Bitcoin using cold wallets makes it difficult for scammers and hackers to steal your funds unless they physically hold the device additionally each cold wallet is secured with a pin a passphrase or 2 FAA

Which makes it even more difficult for fraudsters to break into your wallet without your knowledge most Hardware wallet brands are used with a companion application on your computer which can trade swap stake and perform other functions Within These apps giving cold wallets the same functionality as hot wallets while also providing extra

Security given the recent meteoric rise in the price of Bitcoin there’s a good chance that you’re probably holding more Bitcoin that you would feel comfortable losing So to avoid losing sleep at night stay tuned for the next section where we break down some criteria to keep in mind

When choosing a hardware wallet so how can you choose the best hardware wallet selecting the right Bitcoin Hardware wallet for your needs is the best way to safeguard your digital assets here is a list of some of the key criteria to keep in mind when you are making your

Decision security features the top priority of a hardware wallet is always security always evaluate wallet encryption methods secure pins passwords and backup or recovery options userfriendly interface ease of use is crucial especially for beginners in the crypto space we prefer wallets with userfriendly interfaces which is great for both beginners and experienced users

Transparency transparen is crucial in assessing a wallet security we favored open-source wallets allowing for Community code review and audit enhancing overall transparency and trustworthiness reputation and reviews always researched user feedback and Community reputation to prioritize wallets with positive reviews and solid standing also check the manufacturer’s backgrounds for reliability and

Trustworthiness and of course the price while security is a big deal affordability is also important so consider the cost of each wallet ensuring it provides excellent value without compromising on security so you might be asking what are the best Bitcoin Hardware wallets available on the market today in 2024 make sure you

Subscribe to bitcoin Basics and keep watching till the end of the video to hear our pick in 2024 the hardware wallet Market is dominated by big players like the cold card MK4 blockstream Jade Ledger Nano X and the treasure safe 3 which control the market

In this video we are going to do a deep dive on two of the most popular devices to compare and contrast the features that might appeal to you but first let’s start with a quick introduction to the two competitors the cold card MK4 sets a new standard for security and privacy in

Bitcoin wallets surpassing traditional desktop option with its air gapped design pin entry and robust encryption cold card offers unparalleled protection for storing Bitcoin while it excels in security its Advanced features and intricate setup May pose challenges for for beginners meanwhile the treasure safe 3 this popular Hardware wallet is

The ultimate Fortress for safeguarding digital assets equipped with Cutting Edge features including the secure element and a device entry passphrase which act as an impenetrable security pair say farewell to crypto concerns a Sleek stylish modern design perfectly complements its robust armor with those introductions out of the way let’s dive

Into the details but first if you are enjoying the video so far please leave a like to support the Channel now onto the cold card MK for cold card provides a secure Bitcoin Cold Storage Solution by operating offline and being completely air gapped safeguarding your Bitcoin from online threats like hackers and

Malware being air gapped means that your Hardware wallet plugs will never be connected to a computer or the internet so it cannot be hacked the cold card can be powered from a 9volt battery its open-source software allows Community auditing ensuring transparency and Trust featuring a secure element chip cold

Card enh enhances security by storing private keys in a highly secure environment it supports partially signed Bitcoin transactions psbt for collaborative transactions without exposing private Keys additional features include a Micro SD card slot for easy backup pin protection 2 fa and time lock for spending cold card also offers offline address verification and

Signing tour support for enhanced privacy and passphrase creation for managing multiple wallets securely Pros highly secure open source firmware pin and optional passphrase micro SD card backup large display compatibility with popular wallets cons difficult to send a Bitcoin transaction no mobile app pric is on the high side number two treaser

Safe 3 treasure safe 3 stands out as Treasure’s Premier offering providing top-notch functionality akin to the priciest cold wallets but at a more accessible price point boasting a monochromatic oldid screen for transaction visibility and USBC connectivity in lie of Bluetooth treaser safe 3 offers a compelling combination of features and affordability this

Shouldn’t be a deal breaker cold wallets are meant for long-term storage not active trading some of the safety features of this treaser cold wallet include the secure element and the passphrase to unlock your device which makes it hard for hackers to steal your assets treaser cold wallets come with a

Feature called Shamir backup this feature splits your seed phrase into up to 16 pieces so in case you lose your seed phrase or one of its pieces get stolen you can still recover your assets you can access over 8,000 cryptocurrencies on the go with the treasure Suite app available on mobile

Desktop and browser as a companion to the treaser cold wallet treaser is different from its competitors like Ledger because it has open-source software that anyone can examine to ensure its safety Pros treaser Suite mobile browser and desktop app support sending receiving and trading via the app affordable price cons no Bluetooth

Supports many alt coins which could pose a security vulnerability with a re reasonable price of $1.79 this cold wallet offers a coste effective product to ensure the safety of your Bitcoin although lacking Bluetooth connectivity it features an online wallet for added convenience in accessing and managing your digital assets our rating for this

Cold wallet is four out of five reflecting its reliability and suitability for securely storing a diverse range of cryptocurrencies and that’s it guys for today’s video pick your favorite cold wallet according to your needs after weighing the pros and cons of both both options we encourage

You to take the leap and buy a hardware wallet to secure your Bitcoin my personal preference is the cold card thanks to the fully air gapped setup make sure to subscribe to bitcoin basics for more amazing guides and videos until next time see you on the charts