How To Buy and Store Bitcoin SAFELY (Step-By-Step Tutorial)

With Bitcoin, you have no customer service phone number to call if you get hacked or you accidentally send all your crypto to the wrong person. So it's super important to understand the security and the tech so that you can store your Bitcoin SAFELY! Watch this video for a step-by-step tutorial on how to store your Bitcoin offline (away from hackers) in a safe hardware wallet. For this demo, I'll be using my Ledger Nano S.

***ATTENTION: I have a new Instagram and TikTok handle @itsrosehan ***
That's my official account, and I will NEVER message you about investment schemes, so please be careful and block & report any scammers posing as me.

TIMESTAMPS
00:02:06 - How & where to buy Bitcoin
00:03:45 - Public keys vs Private Keys vs Addresses
00:08:00 - How to store Bitcoin safely
00:11:00 - Step-by-step hardware wallet demo

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***THINGS MENTIONED IN THIS VIDEO! 👀***

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***BOOKS I RECOMMEND 📚***

I Will Teach You to Be Rich (hilarious how-to book on personal finance for millennials)

The Little Book of Common Sense Investing (Jack Bogle's classic advice on index funds)

InvestED (step-by-step, millennial-friendly advice on how to pick stocks like Warren Buffett)

Unshakeable (this book = courage. blast ALL the fears & misconceptions you have about investing)

Rich Dad Poor Dad (#1 selling personal finance book of all time... need I say more?)

Think and Grow Rich (the ultimate book on money mindset and wealth consciousness)

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***MY FAVORITE MONEY TOOLS 🖤***

YNAB (I literally can't live without this budgeting app, so obsessed)

Wise (like Venmo but for international currencies - I use this app a LOT for my life in Mexico)

Ledger Nano S (crypto storage hardware wallet, because "Not Your Keys, Not Your Crypto"!):

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DISCLAIMERS & DISCLOSURES ❤

This content is for education and entertainment purposes only. Rose does not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.

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SAY HI ON SOCIAL! 👋🏼

[louisahousen]

In all my years of devouring YouTube vids, I can safely say I've never been quite as compelled to comment as I am now! Rose, your attention to detail is second to none! Thank you for breaking EVERYTHING down. This is EXACTLY what I've been looking for all this time. Thank you SO much!! 🙂

[TaylordSpirit]

Bought nano, bought bitcoin, waiting on nano and I'll be back to watch again to move and store it...
Did it all while watching your video! Thanks much!
Someone told me to not buy and to wait. If I take his advice I can only blame myself for not following my gut.

[jenniferdonald]

Hello what's the best way to get started with trade cos I've been making my personal research for a while now.

[CarlosAgeletdeSaracibar]

Rose, those "tiny amount of transaction fees" were around 2 US$ for a transaction of around 15 US$.

[RadioGirLF]

Rose, this video is GOLD. Thank you so much for just how detailed and educational your content is!

[alessiograncini]

Love your sober way to explain things, rare on the tube

[sudan]

Thank you so much! I’ve been wanting to learn about crypto currency. Wow, I learned so much. I didn’t realize how much went into this!

[PlanetByeBye]

Wow Rose. Of all the YouTube vids that I have watched to learn this process, your tutorial crushes all of them by a long shot. Thanks so much.

[anyasyht]

I loved the demo thank you so much Rose!

[Greisyhh]

would you recommend buying from paypal first?
Im worried about the fees

[raudilantigua]

Hello, do you need to put your social security information in order to create a profile on coinbase?

[frakstack]

Rose, thank you so much for this wonderful tutorial! I sincerely appreciate the way you broke it down step by step, making it simple to follow and understand. Actually performing each task, really helped clarify the questions I had. I'm happy to have stumbled upon your page, as I am now a subscriber and look forward to checking out more of your content. Kind regards!

[rusty]

I have owned a Nano X for over a month and couldn't figure out how to get my XRP in cold storage using this thing...after countless articles read and videos watched, your tutorial was EXACTLY what I needed!! Thank you most graciously! Patient, smart and beautiful...what's not to like about Rose? I'm now a subscriber!!

[williamsfox]

Great video. Never trust 100% in only one way to make money. Never put 100% of my savings in any kind of investment.

[retiredtothesuncoastofflor]

Very helpful. Quick question. When you transferred the bitcoin to the wallet it showed a transfer of money. Does it transfer the value of your bitcoin (money) or the actual bitcoin itself and then shows the current dollar value of the bitcoin. What happens if you have 1 bitcoin and today the price is $10 per bitcoin but next week the price is $15 per bitcoin (example for discussion not current bitcoin price)?

[PeterKruseMusic]

Silver and gold are old and considered "outdated." But I'd argue that's the strength of precious metals. Metals are the most tested and proven form of money for 6, 000 years. And they still remain strong.

[NerdFestUK]

So it’s online currency but we still need to write things down on a notepad?

[Sindiya]

Ledger was hacked not too long ago. The hackers got names, email, addresses, etc (not the coins), but then they contacted all the names - this is a security risk as they know where people live. I am wondering why you didn’t mention in your video - it’s good to be informed about the risks. Great video other than that!

[dannyhector]

Those scammers that will promise to make up to $50, 000 profit within a short period with just $500 ends up not refunding your capital back and they blackmail the real professional brokers like Mrs Olivia Bridges etc. please 🙏 stop scamming people all in the name of trading for them

[Ovalrapture]

Can you suggest a good c wallet you can operate with only 1 hand?