Keep Your Crypto Safe: Why You Should Replace Your Old Hardware Wallet | CryptoDad Rant

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In this video, I emphasize the importance of replacing old, worn-out cryptocurrency hardware wallets with brand-new, reliable devices. Many users are still trying to make their aging hardware wallets work—despite malfunctioning buttons, fading screens, or other issues—when the best solution is to migrate their crypto using their 12 or 24-word recovery phrase to a new wallet. Remember, your crypto could represent generational wealth, so it’s essential to have a functioning, dependable device to manage it. If your wallet is starting to show signs of wear, it’s time to upgrade!

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💡 DISCLAIMER: This video is for educational purposes only and should not be considered financial advice. Always do your own research before investing in cryptocurrencies.

[CryptoDad]

I use my device almost every day, and I have not worn it out or damaged it. So I don't think overuse is an issue. But underuse definitely is. I get comments and emails from people almost every day who are having issues because they are unfamiliar with the device and its use. I have also dealt with people who have lost life changing amounts of crypto because they "stuck it in a box or drawer for years" I had one gentleman pull his out after 5 years and found the firmware was hopelessly outdated. He had to buy a new device, but he could not find his seed phrase. So his crypto was lost. The device is not static, unfortunately. It needs regular updates to stay in good working order. Just like your phone and computer. That's why I do this channel, to teach good habits.

[cnaz]

Really felt that it was my Dad patiently explaining stuff to me, in a logical structured manner. I just subscribed to this channel.

[dcdc]

Always buy your devices directly from the manufacturer. Never through a 3rd party.

[Boomersdth]

That was one of the most logical things I have ever heard anybody say And your sincerity

[mikef]

Love my Ledger Nano S its been incredible for 7 years and going strong

[davidchaveriat]

🥇You ALWAYS have such great advice. It is obvious to see that YOU CARE GREATLY about your audience.
I appreciate you, your honesty, integrity and and ❤heart.

[cardanoana]

Rex rules! The best educational videos imo- have been watching and learning for the last four years!

[monasch]

Don’t forget to store it in a faraday bag

[spiritwithtimothy]

I love your content. Thank you so much for all the work you do. ❤️

[rebopdeluxe]

Love the way he explains things with no jargon it really helps older investors, always keep it monkey simple 👍

[udontknowme]

I’ve said this before…love your videos. Thanks again for your consistency and informative posts.

[legrindem-her]

Thanks for explaining that, more people need to watch this video. I always wondered myself what I would do if something happened to my wallet.

[James-xfip]

I gotta be honest... I like it when Rex gets pissed :) :)

[mrjon]

Hey Dad, you do great work. You hit the practical topics that most gurus completely avoid.
Sincerely, it's appreciated.
I believe a video on:
What to do if your favorite exchange is down and you want to sell, and
What banks are most crypto friendly
would really be appreciated by many.
I know I'd listen, take notes, and share.

[oceanbreeze]

Always buy two to start with, set the up the same as duplicates, then as one goes bad, gets lost, stolen, you can use the duplicate cold storage device while ordering a new replacement for the broken one. Cheers!

[matthewjames]

Bought a new ledger a couple years ago. But got scared to move it over. Thx for this. Ill do it now

[greger]

Tangem no screen no buttons no battery

[homebaseincome]

Thank you crypto dad. I’ll be upgrading my device.

[jamesthompson]

Awesome video. Some folks that are newer to crypto don't realize the wisdom or process or upgrading or replacing your wallet. It is a great lesson. I was a little confused by your comment that there was a problem moving your seed phrase to another wallet. It is a common practice and I have done it often. There is only one word list so there shouldn't be any issues. Maybe a subject for another video?

[AmateurRadio]

great video. MOST people have never gone thru the process of recovering a hardware wallet to a new device to make sure everything is good in case of a failure!