Thursday, January 20, 2022
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    Why Coinbase, Binance, Gemini, Etc. Are NOT Bitcoin Wallets

    Literally every single day, I see someone on Reddit say something along these lines:

    “My Bitcoin is safer on Coinbase/Binance/Gemini… I’ll probably lose my keys anyways.”

    UGH!

    In this video, I explain why this is the WRONG approach to securing your Bitcoin. I explain the various reasons why doing so puts you at risk, and make some suggestions as to how to protect yourself instead.

    It’s a quick video, but I really hope it makes an impact on all those Bitcoin beginners who are considering storing their Bitcoin on exchange “wallets.”

    Here are some of the videos I mention in the description:
    🟧 How to choose the best Bitcoin wallet: https://jle.vi/whichwallet
    🟧 Shamir Backup Explained https://jle.vi/shamir
    🟧 A review of one of my favorite hardware wallets: https://jle.vi/keystonereview

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