Chapter
How to Safely Store Your Cryptocurrency
1:44:45 - 1:51:40 (06:55)
Learn about the different options for storing cryptocurrency including exchange software wallet, hardware wallet, and cold storage. Cold storage is recommended to protect against compromise or control by third parties.
Clips
An introduction to investing in cryptocurrency through BlockFi, a company that offers financial products to crypto investors with high levels of interest.
1:44:45 - 1:46:35 (01:50)
Summary
An introduction to investing in cryptocurrency through BlockFi, a company that offers financial products to crypto investors with high levels of interest.
ChapterHow to Safely Store Your Cryptocurrency
Episode#171 – Anthony Pompliano: Bitcoin
PodcastLex Fridman Podcast
The three main options to protect your money are to keep it in the bank with FDIC insurance, put it in a highly secure vault, or keep physical cash under your mattress.
1:46:36 - 1:47:56 (01:20)
Summary
The three main options to protect your money are to keep it in the bank with FDIC insurance, put it in a highly secure vault, or keep physical cash under your mattress. Each option has its benefits and drawbacks.
ChapterHow to Safely Store Your Cryptocurrency
Episode#171 – Anthony Pompliano: Bitcoin
PodcastLex Fridman Podcast
In this episode, the speaker discusses the different venues where one can buy Bitcoin, including BlockFi, Coinbase, Gemini, Kraken, and Cash App.
1:47:57 - 1:49:02 (01:05)
Summary
In this episode, the speaker discusses the different venues where one can buy Bitcoin, including BlockFi, Coinbase, Gemini, Kraken, and Cash App. They also explain the two main options for storing Bitcoin: leaving it on an exchange, which entails counterparty risk, or moving it to a second layer of storage.
ChapterHow to Safely Store Your Cryptocurrency
Episode#171 – Anthony Pompliano: Bitcoin
PodcastLex Fridman Podcast
Cold storage, particularly that of a hardware wallet, is essential for keeping cryptocurrency safe from being compromised or controlled by third parties.
1:49:02 - 1:51:40 (02:37)
Summary
Cold storage, particularly that of a hardware wallet, is essential for keeping cryptocurrency safe from being compromised or controlled by third parties. This method allows for a level of in-between from the exchange software wallet and deep storage, making it possible to use digital sound money without needing to rely on the infrastructure of an exchange.