You ordered a free Bitkey – here’s what I recommend you do next!

00:01 you ordered a free Bit Key, which you 00:03 can still do today and I'll still 00:05 reimburse you for it through the end of 00:06 the day. Let's talk about what you do 00:07 next. First of all, it'll show up in the 00:09 mail in the next week or two or whatever 00:12 uh whatever shipping method you picked 00:13 and you'll get it in the mail. It'll be 00:15 this little brown box. Now, I recommend 00:18 even if you're regardless of your 00:20 comfort level, there's no reason not to 00:23 try to set it up. You do not have to 00:26 transfer any meaningful amount of 00:28 Bitcoin to it. just we're getting 00:30 comfortable. We're going step by step. 00:32 You can decide at any point that it's 00:34 just you're not comfortable going 00:36 farther and you just want to keep your 00:38 Bitcoin the way it is. Um I think 00:40 Bitcoin is the most amazing way and most 00:43 secure way to keep your Bitcoin out of 00:45 the hands of hackers and scammers. But I 00:47 don't want anyone to be pressured to 00:50 move faster than they're comfortable 00:52 with. Which is why you do not need to 00:54 move all your Bitcoin to Bitkey or even 00:56 a lot of your Bitcoin to Bit Key. You 00:58 can set it up and just see how you feel 00:60 about it. Um, you may set it up and, you 01:03 know, transfer $10 or $5. I recommend 01:07 that the initial transfer that you do to 01:09 BitKey be an amount that is so small 01:11 that you don't care about whether it 01:13 sits there, whether it comes back, or I 01:16 just I recommend transferring a small 01:18 enough amount initially that you just 01:20 sort of don't care. Um, that way if you 01:23 transfer it and then you think, "Wow, 01:25 I'm just not sure about this bit bit key 01:28 thing," that's fine. Just leave it. If 01:29 it's 10 bucks and you don't care about 01:31 10 bucks, just leave it on there. And 01:33 when your confidence level is higher, 01:35 then you're good. And if you want to 01:37 transfer the $10 back to Coinbase or 01:39 River, that's great, too. But also, I 01:41 recommend it be a small enough amount 01:43 that if you're just not comfortable at 01:45 any point, you can sort of pull the rip 01:46 cord and say, "Hey, I'm just going to 01:48 stop right there." And if it's like five 01:50 bucks, I'm assuming you don't care about 01:51 five bucks that much. Um, but anyway, so 01:55 one second here. My Tesla is beautifully 01:58 passing a biker. Uh, very elegant. Uh, 02:02 anyway, um, it does a great job on stuff 02:04 like that. It's just, it's very 02:06 differential to humans. Uh, I love it. 02:08 It's all in full self-driving, of 02:10 course. Uh, anyway, but um, so I 02:12 recommend going step by step. So, you 02:13 get this thing in the mail, you follow 02:15 the instructions, which is going to be 02:16 scanning a QR code. So, you're going to 02:18 scan a QR code that's going to take you 02:20 to the app store. Uh, you have to be at 02:22 least 18 years of age to scan the QR 02:25 code. So, if you're scanning it on like 02:27 a kid's phone, you're going to have to 02:29 go to the um you're going to have to go 02:31 directly to the app store and 02:34 uh select or uh search for Bit Key Bit 02:37 Ki. So, you'll install the app. The app 02:40 will guide you through the process of 02:42 pairing the BitKey device, setting up 02:44 your fingerprint and all of that. And at 02:46 the end of it, uh, it has a direct 02:47 integration with Coinbase and with, uh, 02:50 Robin Hood and some other, uh, services. 02:53 So, you can try to use the direct 02:54 integration to transfer $5 or $10 or 02:57 some very small amount amount over just 02:60 to get the feel of it, see how you feel 03:02 about it, get comfortable with it, all 03:03 that sort of stuff. I recommend at least 03:05 like five bucks. Um, just cuz there's 03:07 transaction fees. So, the transaction 03:09 fees can be anywhere from, you know, 25 03:11 cents or uh, up to maybe a dollar. Um, 03:14 so you want to transfer enough that if 03:16 you transfer it back and forth more than 03:17 once, there's still enough on there to 03:19 transfer. So I would do a minimum of 03:21 maybe five bucks because if you transfer 03:23 like a dollar or 50 cents or 25 cents 03:26 and then you try to transfer it back 03:27 somewhere, it's going to tell you 03:29 there's not enough there to cover the 03:31 transaction fees. So I would recommend 03:33 at least like five bucks. Now again, for 03:35 transferring back and forth for testing 03:37 purposes, if you want to do that to get 03:38 comfortable with it, um, again, the 03:41 transaction fees are going to be like a 03:42 buck. So you may turn $5 into $4 and 03:45 then $3, but that doesn't matter because 03:47 we're planning on storing thousands and 03:50 many thousands of dollars one day on 03:52 this Bit Key. And so it doesn't matter 03:53 if there's a 25cent transaction fee or 03:55 whatever it is. But again, I recommend 03:58 just take it step by step. You know, do 04:01 it in a way that at any point you can 04:02 decide I'll stop right there. And then 04:04 when you're completely comfortable with 04:06 this Bit Key device, which is the 04:07 coolest and most secure way to store 04:09 your Bitcoin, then you can transfer 04:11 however much over you feel comfortable 04:12 with. The only thing you really have to 04:14 do to make sure you're never going to 04:16 lose your Bitcoin is make sure you set 04:17 up at least one recovery contact. Um, as 04:21 long as you have at least one recovery 04:22 contact, it's virtually impossible for 04:25 you to lose your Bitcoin somehow. Um, 04:28 and it guides you through that process. 04:29 It's really straightforward. It tells 04:31 you you need to set up a recovery uh 04:33 contact. And at the bottom of the Bit 04:34 Key screen, there's something called the 04:36 security hub. It's one of the two bottom 04:39 buttons on the uh the home screen. The 04:42 one is the main screen, the other is the 04:44 security hub. And the security hub tells 04:45 you if you have everything configured 04:47 right. It tells you if you need a 04:49 software update. It tells you if you 04:50 should add more than one fingerprint to 04:52 your BitKey device in case you get like 04:54 a scratch on one finger and you need to 04:57 be able to unlock it with another 04:58 fingerprint. Or what I recommend for 05:00 most people is add your spouse or loved 05:03 one or you know one of your kids or 05:06 whatever as the as another fingerprint 05:08 on your BitKey device. That way if 05:10 something happens to you, someone other 05:12 than you can unlock it. But again, 05:14 there's recovery processes for 05:15 everything. So there's recovery 05:17 processes in case you lose the Bit Key 05:19 device. There's recovery processes if 05:21 you lose your phone. There's recovery 05:23 processes if your fingerprint stops 05:25 working. if the print fingerprint reader 05:27 stops working. They got recovery 05:28 processes for everything in a super 05:30 secure way, which is really the 05:32 brilliance of all of it. Um, so you 05:34 don't need to be worried about it as 05:35 long as you have at least one recovery 05:37 contact set up. That's really the most 05:38 important part is make sure you set up 05:40 at least one recovery contact. That way 05:43 you can lose the BitKey device, you can 05:44 lose your phone, you can lose them both 05:46 at the same time, and you can still 05:48 recover your Bitcoin. 05:50 um because your recovery contact can 05:52 help you unlock um your Bitcoin in the 05:56 case of uh if you lose your phone and 05:58 your bit device simultaneously. Uh so 06:00 anyway, uh but again, the main most 06:03 important thing is get comfortable with 06:05 it. If you're not comfortable with it, 06:07 then leave your Bitcoin wherever it is. 06:08 If it's on River, if it's on Robin Hood, 06:10 if it's on Coinbase, if you're not 06:12 comfortable with BitKey, don't move 06:14 Bitcoin over until you are. Um, now 06:17 you're probably wondering, well, why am 06:18 I even recommending BitKey if I could 06:20 just leave it on Coinbase or Robin Hood 06:22 or River? And the answer is because if 06:25 you can get your Bitcoin on River or 06:27 Robin Hood or Coinbase, eventually 06:29 someone else can too. You're only a 06:31 password guess away plus two-factor 06:33 authentication. Um, and accounts 06:36 absolutely get compromised. Bank 06:38 accounts get compromised. Brokerages 06:40 accounts get compromised. The hacking 06:42 and scamming industry is booming with 06:45 sly ways of tricking people into 06:48 accidentally entering their login 06:50 credentials on a website that looks real 06:53 but isn't. It is a huge problem out 06:55 there. So, if you want to own Bitcoin, 06:58 it is worth securing it, especially if 07:00 you have a large amount of Bitcoin um or 07:03 enough that really matters. And Bit Key 07:05 is the best way to do that because 07:06 you're not going to get scammed or 07:07 hacked. The only way someone can scam 07:10 you, first of all, they can't hack you. 07:11 So with Bitkey, you don't have to worry 07:12 about getting hacked at all. And 07:14 scamming, they only can scam you if they 07:17 literally tell you and you transfer the 07:20 Bitcoin to them with the Bitkey device. 07:21 And almost never is that what happens 07:23 with a scam. What happens with a scam is 07:26 they find a roundabout way of getting 07:29 access to your account and then they 07:30 transfer the Bitcoin to themselves 07:32 because they know if they told you to 07:34 transfer your Bitcoin to to them, you 07:36 probably wouldn't do it because you'd 07:37 realize it was a scam. So, scamming is 07:39 almost always a function of um of 07:43 getting people to compromise their 07:44 account without realizing they're 07:46 compromising their account. And then the 07:48 hackers transfer the Bitcoin to 07:50 themselves or they link a bank account 07:53 uh to your uh cryptocurrency exchange 07:56 and then sell the Bitcoin and move the 07:58 funds uh the US dollars to their bank 08:00 account. Um but again, you don't have to 08:02 worry about that with BitKey. So if 08:04 you're wondering why are we jumping 08:05 through these hoops, it's because Bitkey 08:07 is really the only absolute secure way 08:10 of making sure you own your Bitcoin. 08:12 Nobody else owns your Bitcoin. It can't 08:15 be confiscated by the government. It 08:17 can't be gotten by hackers and scammers. 08:20 It just it's really the only completely 08:23 self-s sovereign way to own Bitcoin 08:26 where you don't have to worry about it. 08:27 And if you get, you know, alerts and 08:30 whatever else with, you know, people get 08:31 these alerts constantly saying, "Hey, 08:34 you know, did you generate this code 08:36 with Coinbase?" And it's all just scams 08:38 and scams and scams. There's scams 08:40 everywhere. Uh, so Bit Key keeps your 08:42 Bitcoin out of the hands of hackers and 08:44 scammers, which is why it's worth the 08:46 trouble of setting it up. And again, if 08:48 you're comfortable with it, transfer, 08:50 you know, a substantial amount of 08:52 Bitcoin to it, whatever your comfort 08:53 level is. But like anything, I'm not, 08:55 you know, don't go faster than you're 08:57 comfortable with. If you got questions, 08:58 let me know. And hey, the Bit Key, if 09:00 you bought it in the last day or two at 09:02 my expense, was free. So at any point, 09:04 you can just, you know, throw your hands 09:06 up and say, "Hey, I'm not comfortable 09:08 with this. I'm going to stop right there 09:09 and just leave your Bitcoin wherever it 09:11 already is. And if you're not 09:13 comfortable, it's better to leave it 09:14 where it is and wait till you are 09:16 comfortable to move it. Uh because I 09:18 don't want your Bitcoin somewhere you 09:20 don't feel good about. But Bit Key is by 09:23 far the best place to put your Bitcoin 09:25 if you're comfortable with that. And if 09:27 you get comfortable with it, and the 09:29 best way to get comfortable with it is 09:30 to move $5 or $10 over to Bitkey and 09:32 just get a sense of how it works. And if 09:34 you want to make sure you're comfortable 09:36 moving it back, you can move it back 09:38 from BitKey to Coinbase or River or 09:40 Robin Hood or whatever. Um, so anyway, 09:44 here to help. Let me know if you have 09:46 questions. Uh, I can answer anything by 09:48 sending you screenshots of what to do. 09:50 Uh, I am here for anything you need, but 09:52 the main thing is set up a recovery 09:54 contact when the Bit Key comes in. Watch 09:56 the 38 minute long video of how to set 09:59 up Bit Key that me and Ally Shaw did. 10:01 And uh, and I'm here to help. Bit key is 10:03 the coolest way to store your Bitcoin 10:04 and keep it out of the hands of hackers 10:06 and scammers. And I just want to make 10:08 sure you feel good about it. And I'm 10:10 here to help and hold your hand. And at 10:12 any point you don't feel good, bail out. 10:14 Leave your Bitcoin where it is and just 10:16 wait. You can wait a month or two or 10:17 three or five or a year until at some 10:19 point you want to get more comfortable 10:21 with it. It's up to you. This is all 10:22 about going what the speed you are 10:24 comfortable with.