How to Store Crypto in 2021 (BEST Way for Beginners) - YouTube

One of the questions I get asked more than any other on this channel

is “How do I store my crypto?”

Now, there's a lot of different options out there.

You've got cold wallets, hot wallets, paper wallets, all kinds of wallets.

But the most requested video is “Should you use a Ledger or not?”

So, today, we're actually going to be unboxing this Ledger Nano S Starter Pack

that includes a lot of bonuses for you.

I got it straight from the Ledger.

So, today, we're going to be answering all those questions.

Let's get it!

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Welcome to BitBoy Crypto! The largest crypto channel in all the Interwebs.

My name is Ben.

Everyday on this channel, I show you how to make money in cryptocurrency.

Today, I'm going to show you how to store it.

If you like money and crypto, make sure to hit that subscribe button for us.

Today, guys, we're going to be unboxing this Ledger Nano S,

but it's not just any Ledger Nano S.

This one was sent to me directly from Ledger.

This is called the Ledger Nano S Crypto Starter Pack.

It's going to have some cool bonuses on it.

I'm going to tell you what that comes with here in a few minutes

as well as showing you what is in the content.

But the thing is,

everybody wants to know, "How do you store crypto?"

There's a lot of different options out there.

A lot of people will tell you you should definitely not store your crypto on an exchange,

but I would probably tell you,

or I would tell you,

that I believe more people have lost money trying to transfer crypto not knowing what they're doing

than of actually been hacked by having their money on an exchange.

So if you're brand new to cryptocurrency,

before you ever think about getting a hardware wallet,

you need to understand how to transfer crypto.

You need to be very comfortable with what you're doing.

If you've got $100,000 on an exchange, you probably don't want that.

If you have $500 on an exchange, then it's probably not that big of a deal.

Also, if you're actively trading your crypto, you're probably going to want to keep it fluid.

Keep it liquid so you can do that.

However, one of the very best ways to store crypto when you know what you're doing is a Ledger Nano S.

It's one of the most safe, secure and definitely the most used cryptocurrency hardware wallets in all of existence.

So, what is a hardware wallet?

Well, it's basically a USB device that plugs up to your computer

that keeps your crypto in what's called cold storage.

This means that it is not on any connected device.

This device is only connected when you literally connect it with a cord.

So because of this,

this is a very safe and secure way to store your crypto.

If you're not ready to actually use one of these,

you don't exactly know how to do it yet,

I still suggest go ahead, get this starter pack,

learn how to do it with a small amount,

and when you feel comfortable,

when you're ready to take some of your money off an exchange or off another wallet,

move it into the Ledger, you'll know how to do that.

Now, if you want to get access to this deal,

the $69 cryptocurrency starter pack,

you can head on over to bitboycrypto.com/deals,

scroll down to the hardware wallet section, and you'll see the Ledger deal right there.

You can click it.

This is going to come with $25 of a crypto of your choice.

So let's check out exactly what is in here.

Okay, so we're going to be opening this Crypto Starter Pack.

Here's what it includes.

This pack contains a selection of everything you'll need to start off on the right foot

including a Ledger Nano S,

a Beginner's Guide in PDF format with ultimate tips and tricks,

and a $25 voucher mailed to you 14 days after your purchase

to buy your favorite crypto, crypto of your choice.

We love choices here.

And not only at BitBoy Crypto but also in America.

See? 'Cause it's red, white and blue.

Alright. Here-- there's nothing more American you can do than buying cryptocurrency.

Unless you hate America.

Then it's un-American.

Now, guys I don't suggest you know using a knife unless you know what you're doing.

Same thing with the hardware wallet.

So here we go. We got this open.

Okay, here we go. So this the front of the box.

Boom! This is your device.

This is your Ledger.

It opens up like this.

It's got two buttons on it as you can see right there.

These buttons are what you'll open it, create a pin password with.

You'll scroll through your seed phrase. You're going to have to jot down your seed phrase.

And, of course, when you're getting a seed phrase, make sure that you never put that in a digital format.

You don't want to save that on a computer. You actually want to write it out with a pencil and paper.

So that was the container. Then you've got this.

This is your welcome kit to the Ledger Nano S.

And, of course, make sure when you buy a Ledger, you only buy it from our link or from ledger.com.

Don't go on Amazon and buy them because people can actually recreate these

and actually steal all your crypto.

Here's your recovery sheets.

This is where you're going to use a pencil or pen, and you're going to write down your seed phrase.

You can actually do this with an engraving pen, and, you know, a graphite tab or something like that.

Some people like to do that.

You got multiple ones there.

So you got three of these different ones. You can jot these down.

It's going to be 24 words.

And then you can save them.

It's also going to come with your charger here. This is how you're going to not only charge it,

so you can't actually turn this on without it being plugged up.

So you actually have to plug it up to your device

and then put it here,

and then that's when it's going to turn on.

And then this is if you're weird and you want to tie this thing around your neck

and carry your Ledger around your neck

because you want to flex on everybody,

you can do that as well.

Your PDF is going to have all the ultimate tips and tricks.

It's going to come in an email after you buy the Crypto Starter Pack,

and then you're going to get to pick whatever cryptocurrency you want in the starter pack

for a $25 voucher.

So I want to show you guys something.

I want to show you guys how good I am at math.

Cost: $69

Hey, no joking, kids.

$69

You get a $25 voucher.

$69 minus $25 is $44.

So really, you're actually, if you can think about it 'cause you get the $25 voucher,

you're actually getting the Ledger for really only $44 because you're going to put that $25 in crypto anyways.

You already knew you were going to do that.

So that's it. That's the unboxing. That's what comes. It's very simple.

It doesn't come with a lot of stuff in it.

That's kind of been Ledger's brand. It's simplicity.

They want you to be able to use it easily.

And they want to just send you the bare minimum that you need.

And then everything else is going to come in emails later on and you get that $25 voucher.

So make sure to head on over to bitboycrypto.com/deals,

scroll down to the Ledger section,

boom! Of course, this is an affiliate link. We'll get a small portion of that purchase.

But, you guys, let me know down below in the comments

what you think about Ledger.

If you've ever used one, if you're scared to use one,

drop your questions down below.

That's all I got.

Be blessed.

BitBoy out.