Wallet For Bitcoin – Being safe with crypto currency (2020 Crypto Hot Tub Talk)

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In this video we’ll talk about the best wallet for bitcoin and also cover some best security practices in regards to dealing with crypto currency. When choosing a wallet for bitcoin sometimes we think the best option would be the most high tech solution, however using a simple paper wallet is still the most secure way to store your Bitcoin and Altcoins. Below are key notes that you should take away from this video along with a few links.
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– Never store your Bitcoin or Altcoins for a long period of time on an exchange, coinbase, cash app or any other 3rd party service.

– When looking for the best wallet for bitcoin or Altcoins there is nothing safer than a Paper Wallet for long term storage (cold storage).

– When using a paper wallet as your wallet for bitcoin you should also look into adding the additional BIP38 encryption to further protect your private key. This will require you to enter a password before being able to scan your private key. If you do use BIP38 encryption then you also want to make sure you do not forget your password.

– Absolutely do not lose your Paper wallet. The biggest drawback to using a paper wallet as your wallet for bitcoin is that if you lose it then there’s absolutely no way to retrieve it or regenerate the key pair that’s on it.
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🔗Links:
Buy your own paper wallet necklace: http://bit.ly/bitcoinchain
Generate your bitcoin paper wallet – https://bitcoinpaperwallet.com/
The Fall of Mt. Gox Exchange – https://tcrn.ch/3aPgGnk
The Fall of Cryptopia Exchange – http://bit.ly/2RvKNsB
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