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If cold wallets feel confusing or a little intimidating as a crypto beginner, this video is for you. I break down-simply and clearly-the most common misconception about moving your crypto from an exchange to a cold wallet, so you can feel confident taking the next step. #bitcoin

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Sheryl Crypto Advice

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11,908 Aufrufe • vor 2 Monaten •via X (Twitter)

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Did you know you're not actually "moving" your crypto from an exchange to a cold wallet? This is one of the most common beginner misunderstandings-and in this video, I explain what's really happening in a simple, easy-to-understand way so you can use a cold wallet with confidence
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Did you know you're not actually "moving" your crypto from an exchange to a cold wallet? This is one of the most common beginner misunderstandings-and in this video, I explain what's really happening in a simple, easy-to-understand way so you can use a cold wallet with confidence

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Be aware, $XRP holders ⚠️ Self-proclaimed “cyber security experts” are now telling people to avoid using cold wallets. This is either the dumbest take of the year… or the most criminal. When you buy a cold wallet like Ledger, Trezor, or even a budget option, your crypto is not stored on the $25 device, it remains safely on the blockchain. The device securely stores your private keys, giving you full control and true ownership of your digital assets. On the other hand, keeping your crypto on an exchange means you don’t own the keys, the exchange does. That’s not real ownership, and history has shown how risky that can be (see Mt. Gox, FTX, etc.) As long as you secure your seed phrase, cold storage is by far the safest way to hold crypto. Let’s STOP the misinformation.
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