My Worst Investment Ever Podcast Mark Venables – Do Your Best to Secure Your Crypto
BIO: Mark Venables, originally from the UK, is a serial entrepreneur and, among other companies, owns thecryptomerchant.com, offering the largest selection of crypto self-custody devices on the planet.
STORY: Mark bought crypto in an exchange, but ironically, despite being surrounded by 1,000s of cold wallets, Mark didn’t take his crypto and put it in a cold wallet. The crypto company got into some financial difficulties and went down in a blaze. Mark’s crypto was frozen for about two years.
LEARNING: You don’t need hundreds of thousands in crypto to get a cold wallet. Whether a veteran or newbie crypto trader/investor, habitually put your crypto into a cold wallet.
“Do your best to secure your crypto. It’s so simple and inexpensive, and it could actually be fun with some of these devices.”
Mark Venables
Guest profile
Mark Venables, originally from the UK, is a serial entrepreneur and, among other companies, owns thecryptomerchant.com, offering the largest selection of crypto self-custody devices on the planet. He is determined to get the word out about cold wallets and crypto security while encouraging people new to crypto to get involved and be secure. Use code DRSTOTZ at checkout to get 10% off your entire order on The Crypto Merchant.
Worst investment ever
Several years ago, Mark was excited about this company called Block Phi. It had a cool-looking crypto credit card that gave you rewards in crypto. Mark applied for one of those credit cards and would use it frequently.
The company also had an exchange. Mark put money into crypto on that exchange. Ironically, despite being surrounded by thousands of cold wallets, Mark didn’t take his crypto and put it in a cold wallet. The crypto company got into some financial difficulties and went down in a blaze. Mark’s crypto was frozen for about two years because he didn’t protect it. He was finally able to withdraw his crypto a couple of days ago. But he was only allowed to withdraw what the crypto was worth back on the 21st of June 2020, not its current value.
Lessons learned
- You don’t need hundreds of thousands in crypto to get a cold wallet.
- Whether a veteran or newbie crypto trader/investor, habitually put your crypto into a cold wallet.
Actionable advice
Do your best to secure your crypto. It’s so simple and inexpensive, and it could be fun with some of these devices.
Mark’s recommendations
Go to thecryptomerchant.com, poke around, and see what you like. If you have questions, contact the tech support or email Mark for prompt assistance. If you find something you want, use the code DRSTOTZ at checkout to get 10% off your entire order.
No.1 goal for the next 12 months
Mark hopes we’ll soon come out of this cycle of the crypto winter. So his number one goal for the next 12 months is to get some education together so that when people start wanting to get on board, they’ll find all the resources they need to learn what they need to know.
Parting words
“Use common sense, stay secure, and hold on for dear life.”
Mark Venables
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Connect with Mark Venables
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- How to Start Building Your Wealth Investing in the Stock Market
- My Worst Investment Ever
- 9 Valuation Mistakes and How to Avoid Them
- Transform Your Business with Dr.Deming’s 14 Points
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- How to Start Building Your Wealth Investing in the Stock Market
- Finance Made Ridiculously Simple
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