Why Bitcoin-Only Wallets Are Best

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In this video, I discuss why Bitcoin-only hardware wallets are best.

Hardware wallets that support 6,000 shipcoins/altcoins need to have much more complicated hardware and software than wallets that support just BTC. This increased complexity results in a much wider attack surface, which makes the wallet less safe for ALL coins.

By contrast, Bitcoin itself has extremely good native security, both for single sig and multisig, which Bitcoin-only hardware and software wallets can leverage.

I cannot recommend any altcoin wallets, because I cannot recommend holding altcoins at all.

Not investment advice! Consult a financial advisor.

My favorite two hardware wallets:
https://blockstream.com/jade/
https://coldcard.com/

Don't Use Ledger Hardware Wallets:
https://www.youtube.com/watch?v=ZJSW16j1F_Q&ab_channel=BitcoinUniversity

Ledger Pauses The Launch of Recover Service:
https://www.nobsbitcoin.com/ledger-accelerates-open-source-roadmap/

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.

#Bitcoin
#hardwarewallet
#altcoin

Disclaimer
Neither Bitcoin 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.
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