Get the "Ultimate Guide to Bitcoin" course:
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Use the discount code YT99 to get the best price.
In this video, I discuss:
1) The dangers of Bitcoin rehypothecation;
2) Why you should never leave your Bitcoin on an exchange; and
3) Why paper wallets are a dangerous and out-dated way of storing Bitcoin.
Rehypothecation is the practice of an exchange lending out your Bitcoin to generate yield. The big risk is that whoever borrowed the Bitcoin might run into trouble and not be willing or able to return it.
If an exchange doesn't have enough Bitcoin on hand to meet all withdrawal requests, it could be rendered insolvent. Exchange or custodian insurance coverage is almost never enough to make all customers whole.
Not investment advice! Consult a financial advisor.
How to Buy and Store Bitcoin (The Right Way):
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The Best Ways To Store Small and Medium Amounts of Bitcoin:
[ Ссылка ]
Best Way To Store Large Amounts of Bitcoin (Multi-Sig):
[ Ссылка ]
Bitcoin on exchanges being rehypothecated:
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Quadriga scandal:
[ Ссылка ]
Thodex exit scam:
[ Ссылка ]
10 biggest exchange hacks:
[ Ссылка ]
Are BlockFi, Celsius, or Gemini Earn Safe?
[ Ссылка ]
Does Celsius carry insurance?
[ Ссылка ]-
Example of Bitcoin paper wallet:
[ Ссылка ]
Bitcoin paper wallet scam:
[ Ссылка ]
Trezor hardware wallet:
[ Ссылка ]
ColdCard hardware wallet:
[ Ссылка ]
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.
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#BitcoinWallet
#HardwareWallet
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.
