How To Transfer Crypto From Huobi To Metamask (And Why You Should) скачать в хорошем качестве

How To Transfer Crypto From Huobi To Metamask (And Why You Should)

In this video, we talk about why you should consider moving your crypto to a wallet and we show you exactly how to do it. Get 5% off Huobi trading fees 👉 https://themillennialfinance.com/huobi Get RM50 worth of crypto when you use code Y5SZ8B on Luno 👉https://www.luno.com/en/signup WHAT IS A CRYPTO WALLET? Crypto wallets are essentially your own private wallet that allows you to send, receive, and store your crypto. There are 2 types, which is a digital one like Metamask or a hardware wallet like Ledger. Hardware wallets are safer since they’re not connected to the internet. But isn’t your account on Luno or Huobi a wallet as well? No its not. They’re exchanges all crypto held on your account is actually held in their crypto wallet while you have a share of it. WHY HAVE A CRYPTO WALLET? 1. Full ownership All crypto you hold on exchanges are held in their wallet with their keys, meaning technically its theirs. Of course they’re regulated and can’t just scam you out of it, but its a nice feeling to have knowing that the crypto is only held by you and no one can take it away. This is the main reason many people store their crypto in their own private wallets. 2. Access to Web 3.0 applications If you wanna get involved in NFT’s or yield farming through DeFI, you would have to have a wallet to do so. On most of these websites, you’ll see a connect wallet option because you don’t have to create an account or log in. You can’t use the platforms if your crypto is stored on exchanges - you would need a wallet like Metamask to do so. CRYPTO WALLET RISKS All crypto wallets are identified by a seed phrase, which is 12 or 24 random words that signify its your wallet. Its like your username and password, so you can’t share it with anyone. However, if you forget this seed phrase, your crypto is essentially gone FOREVER. This is something in your control so just make sure you store it properly. I keep it in a secure password protector I have and write it down on a piece of paper as well. Remember, don’t share it with others too because with just this they can access your wallet. HOW TO SET UP A CRYPTO WALLET This depends on the crypto you’re looking to transfer. The most popular wallet is Metamask, which supports BTC, ETH, FTM, MATIC, and others. For Solana though, you’ll have to use a wallet called Phantom. Search for them on the chrome extension store, download it, and you should see the small pin at the top right of your screen. Once you’ve done that, just follow the steps to create your account and you’re golden. Watch the video to find find out how to transfer crypto from Huobi to Metamask. ⌚ Timecodes: 00:00 - How To Transfer Crypto From Huobi To Metamask 0:38 - What are crypto wallets? 1:26 - Why you should have a crypto wallet 3:11 - Crypto wallet risks 4:30 - How to set up a crypto wallet (Huobi to Metamask) Follow us on Instagram:   / themillennialfinance_   Tell us in the comments if you liked this video and what other kinds of videos you would like to see. Disclaimers: https://themillennialfinance.com/disc... Music: Bensound.com #MillennialFinance