 I want to make this quick little video talking about cryptocurrency safety because since last week obviously we had a big hype cycle where a couple billion dollars into the market and the last say 72 hours we had a big correction cycle. But the main thing that I want to talk about and I'm going to make this video as short as possible is this. The main thing is security of your cryptocurrency and your tokens. Let's first talk about cryptocurrency token. Those two are different things. You have cryptocurrency which is a main utility in a blockchain protocol such as a name or Ethereum or Bitcoin and then you have tokens which are built on top of blockchains such as Ethereum. Okay so depending on the amount you have and I'm going to be talking about different options. I know I have another video about wallets which you can find below this video. But the main thing that I want to talk about is keeping your crypto tokens offline. For example with a cold storage hard wallet like this. Depending on the exact amount that you have this is a device that gives people. So just like anything in life you don't want to be walking around with a couple of thousand dollars in your pocket. So my advice to anybody that has any high amounts of cryptocurrency and high amounts is justifiable in your own mind. Each person has their own set level of what they consider high or having a lot of value in crypto and tokens of their own portfolio. So let's just say you have a high amount that you want to keep safely. There are a couple of different methods for different currencies or cryptocurrency a couple of different methods for tokens. Unfortunately no hard wallet right now can handle everything all tokens and all cryptos yet they're all working on and there's many different hard wallets and cold wallets working on this process which is fantastic. For example right now one of my favorite things to use and I use it for example Zcash, Dash, Bitcoin, Ethereum, Ethereum Classic, Monero, Ripple all these different other cryptos and tokens as well they're slowly building on. I like using the ledger. Now the ledger is great for a couple of reasons. A, they just got backed with ten million dollars so I know they're going to be lasting for a while. They've been working extremely hard for the last couple of years building up their brand building up their technology so they didn't come here from yesterday. And above all what I really love about the ledger is their simplicity. See when you open up the box it's pretty straightforward. It comes with like this simple paper plug down on the app put your twenty four word seed so in case you lose the ledger or case it gets demagnetized or case it gets broken you have your combination of twenty four words from one to twenty four which you can go online and back up your ledger from anywhere around the world. So regardless of if you have this as long as you have your twenty four seed phrase word you can back up your cryptos and tokens. Now the downside with say using the ledger is the fact that they don't support everything for example some tokens such as SIA for example Golan right now they don't support that. So you don't like I mentioned before you don't have the optionality of utilizing all your tokens or cryptos on this yet. You know I don't want to keep this video biased and just talk about the ledger. I've also played around with the Trezor hard wallet which I think it's great. I think they might be ahead of the ledger in regards accepting all ECR 20 tokens from Ethereum. I'm not 100% on that but that's what I heard. So that's pretty cool where you can actually accept all different tokens and I also give you some couple of devices for keeping a cryptocurrency safe and some of this is convoluted for some. It was actually quite easy and you can just Google on Google and find the best guide for that but paper wallets many of these cryptos and many of these tokens do offer paper wallet storage where you can actually store your private keys on a piece of paper that you can print online to offline which is fantastic. So for example any any for I'll say most cryptos I'm not going to name them you can just Google them but most cryptos and some tokens do offer this service which honestly is almost as good as this because pretty much you have your private keys on the paper and you can also remember there's a seed phrase as well but you know just keep in mind this is why I want to keep this video short. Security of cryptocurrency is really important because a you know if you keep on using the same Bitcoin or Ethereum wallet online it's quite easy for people to track you. I'm not going to get the details how but they can be from security. Most people keep a lot of money whether it's on exchange or even on their computer that's easily hackable. Your computer is easily hackable. Your your exchanges whether it's I don't know whether it's cracking whether it's Bitfinex whether it's who knows there's so many out there you know it has weak spots and no centralized database like that is unhackable of course is hackable so always say have your risk portfolio like anything in life you want to distribute different assets on different places. I don't keep all my crypto on this I keep very small amount I have a couple of these but distribute my tokens and cryptos on different ledgers on different paper wallets on different software wallets on my desktop and you know it's a little small amounts I like to play on a day-to-day basis I put it on my hot wallet online okay so just keep that in mind the security of your crypto is really important because too many people especially now in last week with this huge gold rush of crypto token too many people are going to exchanges buying thousands of dollars worth of crypto and keeping on exchange and you know no one has those guys they didn't read about Mt. Gox and they don't understand the security issues and you know they could be the next Mt. Gox but you know they keep all these valuable assets on the exchanges or on these wallets and then one day they wake up and the stuff is going on or worse this has happened to a lot of people or worse get this they just lose their private keys or they lose their backup phrase or even worse they don't actually I know a lot of people who've downloaded wallets and haven't followed instructions and they haven't backed it up and I remember even like two years ago when I was first getting into this some wallets are so convoluted setting address here doing this I've lost thousands of dollars worth of crypto because just the instructions alone it just wasn't good it wasn't apple friendly how I like to put it but yeah that summarizes I really want to keep this video short do yourself a favor get any hardware wallet the one I like to use I'm not biased towards it but I do like using this ledger now know there's a link below this video and oh I forgot to mention my good buddy John he sent me this over from simple programmer if you want to learn about programming with his JavaScript or anything else check out his YouTube channel John thanks for this shirt man it's awesome I'll leave a link below this video like always guys if you have any questions for me leave a comment below this video and guys and I'll talk to you guys soon peace