Receive Address Changed? Hardware Wallet Capacity? How your Crypto Wallet Works (Ledger, Trezor)

Keep all your crypto safe & upgrade to a Ledger Nano X Hardware Wallet https://shop.ledger.com/pages/ledger-... Alternatively, if you prefer a 100% Open Source wallet, a Trezor One is also a great value wallet https://shop.trezor.io/product/trezor... I often see folk worried that the receive addresses change for their crypto wallet, or perhaps they are worried because they have re-used an old address. A related question I often see is whether a hardware wallet has a limit in terms of how many private keys it can store. This video looks at how hierarchical deterministic crypto wallets work, how addresses are derived from a seed, as well as looking at how this increases your privacy. This applies to just about any crypto wallet whether it's Bitcoin Core, a Ledger Nano, Trezor or blockchain.com wallet. Chapters: 0:00 Intro 0:53 Keys are just Numbers 1:14 What is hierarchical deterministic 2:15 Why Private Keys are Secure 3:15 Graphing Derived Addresses 4:35 Demo in Bitcoin Wallets 6:00 Address Reuse and Privacy 6:40 Sending Transactions 7:19 Hardware Wallet Capacity 8:45 Seed Backups Images and articles in video: Space Imagery: NASA: https://www.nasa.gov/content/ultra-hi... Bitcoin Wiki: https://en.bitcoin.it/wiki/Main_Page Wikipedia: https://en.wikipedia.org/wiki/Observa... Observable Universe Image: CC-BY-SA Andrew Z. Colvin, https://en.wikipedia.org/wiki/File:Ob... --------------------- If you are new to Crypto, my suggestion is that you start with buying ~$150 worth of Bitcoin, Ethereum, Litecoin @ Coinbase and get familiar with storing it, moving it around, etc. For your first purcahse, just stick with CoinBase: https://www.coinbase.com/join/5691c9d... For Trading, just start with Binance: https://www.binance.com/?ref=18111926 By sticking with large, reputable exchanges for your first purchase (Coinbase) and first trade (Binance) you can avoid getting scammed right at the start by purchasing a non-existing coin off a scammy exchange. (You would be surprised how many people fall into this trap) Don't have a hardware wallet? Be safe and buy them direct from the manufacturer. (Not just through some random on eBay, Amazon, etc) Get a Ledger: https://shop.ledger.com/?r=5243ecbb84... (If you are just starting out, I would just recommend a Ledger Nano S) If this was helpful, feel free to send me a tip: BTC: 37hiiSB1Poj6Shs8WawPS2HjT2jzHkFSQi BCH: qr9qenlgjh0xlyz802h70ul69rpdj8z6qyuh7m79ah LTC: MRWnUcsyofisVp5GvX7nxMog5caneycKZ6 ETH: 0xCe41d43349E1c8C53E02631650E236d94A899a95 VTC: vtc1qxauv20r2ux2vttrjmm9eylshl508q04uju936n ZEN: znUihTHfwm5UJS1ywo911mdNEzd9WY9vBP7 #bitcoin #btc #ethereum #eth #cryptocurrency #crypto #ledger #trezor #security