In today’s video, Ben and Drew discuss the problem of accidentally losing cryptocurrency when moving between wallets. And the solution is… Presend! Learn more about it in this exclusive interview!
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I've sent and lost usdc and Matic Sending from a polygon wallet to an Ethereum wallet before you know I mean This happens literally all day every day Probably thousands and thousands of Times a day worth millions and millions Of dollars so it's a huge uh issue in The market that I think needs to be Fixed and we've truly revolutionized the Market by bringing out a solution like This we're going to try and help out Where we can [Music] Oh Hey guys welcome to bitboy crypto my Name is Ben his name is Drew he's with Pre-send we'd like to think present for Sponsoring this video but it's a very Unique service that I don't know people Are always looking for what we call the Netscape moment in crypto looking for The thing that is going to make it so Easy anybody can use it and Drew you Think this might be it I truly do I truly do you know we want To usher in the um New phase of adoption Right the older Generations the Institutional investors that can you Know the institutions that can push this Up to 100K 250k Bitcoin and breaking Down those barriers to entry and Something like this and just not Accidentally losing crypto or not having The ability to do that it'll help well I
Mean we've all well maybe not we all I I Sent three thousand dollars In smooth Love Potion SLP that's the the Secondary token of axi infinity right to The contract address now it happened Because what I was doing I was going to Metamask and I had to copy my address To put into the to the transaction But I had to look up SLP on the whatever Platform I was using because it wasn't Listed so I also had to grab its Contract address and I got I got the two Confused or I used the same one twice Basically is what I did and so uh that Three thousand dollars would have been Worth I think fifty thousand dollars in The Bull Run may have been a lot more Than that and I knew when I did it well I thought I could get it back I thought I'd contact the team and they'd send it Back and I go to that team and they were Like no we didn't set a smart contract Up that way like you can't it's burned Like you just lost that so fortunately I'm in a position where that didn't kill Me or anything like that but you know a Lot of people found themselves in Similar situations you've heard a lot of Stories about like that yeah yeah I've Done it myself I did the exact same Thing I sent it to a contract address Um I've sent and lost usdc and Matic Sending from a polygon wallet to an Ethereum wallet before you know people
Lose money all of the time you know like For example and we'll we'll do an Example of this and show this live today But you know binance coin is not Accepted on coinbase's Exchange a lot of People send it there because they know That it's accepted in the coinbase Wallet but it's not accepted on the Exchange and then they lose their Binance coin because it's just not a Supported asset so I mean this happens Literally all day every day probably Thousands and thousands of times a day Worth millions and millions of dollars So it's a huge uh issue in the market That I think needs to be fixed and we've Truly revolutionized the market by Bringing out a solution like this and It's actually available right now and It's you know patent pending and you Know we're gonna we're gonna try and Help out where we can yeah I think That's what we all have to do with Crypto right we all have to find our Niche and figure out how we can help With the adoption we do education you're Trying to solve uh you know one of the Actual kind of blockchain complicated Problems which is Not losing your money when you send it There's two times ever that I puckered Up when I send a transaction uh it's Really love potion I didn't know until Later so I found out I wasn't worried
What I should have been worried about uh But it's the first time I ever did a Crypto transaction off like sending it Off an exchange it was terrifying it Pinned for probably an hour it was like It was changely I think is the one I Used like a you know third-party swap Service uh before decentralized Exchanges this was 2017 and I remember Just sitting there watching that crypto Like Where's it at like I don't know how to Look through a blockchain Explorer you Know so but it got there a little bit Later but it was fine the other time uh I'm I'm a cowboy you know I I sent 150 Grand when that was most of what I Had in one transaction to coinbase when I when I bought my house my old house I Used to live in and man when you're Sitting in six figures And it's in the air and you know it's Ethereum so it was clogged because it Was during the bull run it it can be Scary and I do think being able to you Know we're gonna you're gonna share the Platform here in just a few uh about two Minutes For people to see how it works but Everybody you know everybody needs this Because the fact that I had been in Crypto for Probably I guess maybe eight or nine Years when I sent that six figure
Transaction and like I still had this Feeling of like Like that shows that there's not like You don't think about that with a credit Card transaction or when you send Somebody you know cash or you give Somebody cash like you don't think oh Are they gonna get out the counterfeit Pen and you know try to check and see if It's real or no you give them and it's You know assuming you're not using Counterfeit money and it's the Transaction is done crypto there is a Little bit of a period where there's There's a waiting game and it makes People very nervous and talking to a lot Of beginners That have seen what happened with FTX And Celsius and Voyager and the whole Nine they want to get their money off The exchanges But it's too hard they just can't figure They're so afraid they're Paralyzed by Fear uh I've noticed that a lot of People go through the exchanges to Offboard their money too similar to how You were doing with 150 000 and that is Absolutely like detrimental if something Bad happens there right so one thing That that I kind of want to point out is That Precinct is the solution that can Kind of alleviate that stress stop test Transactions so you don't have to send Test transactions anymore because
Pre-send has your back right and then You also don't have to worry about Losing it because it's on the wrong Chain or on the wrong blockchain and or A coin that's not compatible with said Wallet right because there's to kind of Iterate your point before you don't have To worry about that in traditional you Know Financial systems I always say this Have you ever gone to Starbucks ordered A coffee and then accidentally pulled Your iTunes gift card out swiped it and Then it took six bucks from you and they Said well you you still can't have your Coffee but you still owe us six bucks Right well no because that doesn't exist And you would have but that exists in Crypto that's similar to sending your Binance coin to coinbase and you're Sending six bucks and they're like oh Yeah I got here but uh we're not Crediting that to you you got to send us Six bucks right on something that we do Accept so the fact that that's even a Thing in in my opinion is absolutely Ridiculous and that's the solution that We're trying to fix and we're targeting Those larger exchanges those larger Wallets like metamask because what we Want to do is also you know since we are Coming through a regulation CF offering We're compliant with the SEC and the Laws and you know we know how the Regulatory Market's coming right now we
Want to be some potty coat with them we Want to be complementary to them we're Not trying to compete with them but We're trying to be complementary to them And say hey we can license this out to You through an SDK we can bring our Tech And plug it into their Tech because we Already have that done and the tech is Here and it's built and hopefully you Know we accomplish that sooner rather Than later because I'd like to see this Stop happening and Usher in a new age in Crypto with more users and then you know The technology kind of starts to Flourish on a worldwide or Global Market Due to simple very simple solutions to Complex problems like this right yeah Exactly so well let's check it out let's See uh what you got I want to show us How it works because I'm very curious I Haven't used it before so I'm actually Super jacked to show this because it's It's the I guess Um the product of a lot a lot of hard Work right and I'm going to try 108 you Are balling right now I'm bawling bro We're gonna go to App.preesim.io okay so this is how you Can use present I obviously I don't want To get people all riled up but there Will be a Chrome extension and this is What the Chrome extension looks like It's not available Um because we have to wait until Google
Chrome has actually he approved it but We have submitted so that's why we have The web app and the web app is how you Have mobile compatibilities as well and Then you just click connect your wallet And this is a very important part resend Is not custodial okay so we do not take Any custody of your funds and then you Just select your wallet you click next And there will be a wallet connect Option probably within the next couple Of days by the time you watch this video Wallet connect will probably be here so Go ahead and click connect first thing That we're going to do is we're going to Go to our coinbase wallet and we're Going to go send and receive and we're Just going to click receive and I'm Going to prove to you that binance coin Does not get to go to coinbase really Quick so we're going to click here and We're just going to search BNB okay and This is us showing you for Full Circle Why Crescent matters okay because There's a 0x wallet check that any 0x Asset can go to any 0x wall and address But that doesn't necessarily mean that It's compatible right and that's what We're about to show you so if I go to Koo coin and I try try to send BNB right From my coupcoin I have to go to my main Account because that's where my BNB is So I can actually withdraw this and I Can send it to this coinbase address
Which is for usdc on ethereum and then We know it's not going and it doesn't Accept B and B right so this is a Problem and we're going to just send the Minimum amount really quick and then We're going to produce withdraw it's Probably going to have to send me a text Message give me 14 different Verifications and then we can send this But what we're going to show you is that Once this hits the blockchain there's Absolutely zero pulling it back and you Know there's nothing that you can do and If it doesn't show up you just lost your Crypto so let me go ahead and put in my Little six digit code really quick and Boom we've got three one two two set or Three one two seven two zero damn so Boom it's already sent it out we Basically we just lost all of our BNB Right in right in everybody's face okay And then second thing I want to do is Show you that you can also do this Inside of metamask okay so whenever I go To B and B okay I can go into my Metamask and I can send that same BNB Right to that same wallet address and We'll send the same 0.01 we click next Confirm it and Bam it's already hit the Blockchain there's literally nothing That we can do to pull that back and we Know we're sending it to coinbase where It's not going to show up this is a huge Issue because now it's got a successful
Transaction that just lost us our money So what we're going to do is we're going To connect a present and we're going to Do that exact same transaction and I'm Going to show you why pre-send matters Because it will stop that transaction Now you can use present in either light Mode or dark mode okay I like dark mode Dark mode yeah so this is a very Interactive thing as well you you can Tell what's going on inside of the Extension anytime you want to switch a Chain you can tell it lights up green What chain you're trying to select this This actually turns white you know it's A button this pops out so you know You're scrolling over it so let's go Ahead and just do some BNB right and I'm Going to show you there's a tutorial Inside of this without having a tutorial Right so if I just press present it's Going to throw an error and tell me I Can't do that before I tell them how Many tokens I want to send so I'm Actually going to send like 0.6 B and B Right so this is all my B and B if I if This goes through you know I lose all my BNB and I'm going to send it to coinbase Exchange right so all of this takes like Fractions of a second for you to Populate this transaction then it pops Up you have to pay your pre-send fee Which is very minimal it's one dollar or Two tenths of one percent two tenths of
One percent of the entire transaction so Send a thousand bucks it costs you two Dollars anything five hundred dollars or Less only costs you one dollar why are Y'all so greedy right yeah it's it's About as inexpensive as it can possibly Be so as you see warning payment Verification failed unfortunate Fortunately this transaction is not safe To send but present is here for you you Click stop transaction we literally just Saved my BNB 0.6 B and B probably 200 That I would have lost but pre-sand Protected it for literally one dollar And stopped me from losing it and as you Could see it is not custodial so I had To approve those transactions inside of My metamask which is kind of one of the Keys to being decentralized and one of The big things that a lot of the users Want to see is that you know they have Control of their funds okay and it it Populates all the different all coins it Populates whatever you want if it's in Your wallet you should most likely see It inside a Precinct [Applause] Foreign [Applause] And then you just go through so now Ben Let me just ask your your quick honest Assessment of that little two to three Minute segment that we just did right Was that seamless once we actually went
Into the pre-sand extension what's your Feeling that's the first time you've Ever seen it what do you think how does It look what's the interface like and Kind of going through a quick Transaction do you think it's you know Easy enough for people to understand Yeah I think here's the sticking point Like it looks great like for people that Know how to send crypto transactions Perfect like that could have saved me a Bunch of money several times especially Right there metamask right the one kind Of tension point when it comes to the Learning curve of showing people how to Use this is going to be Do they know how to go in coinbase and Even get the address like absolutely That's that's where a lot of people get Stuck they say okay I'm guessing my own Coinbase they say I can send it Somewhere Let me go just explore around and by Clicking things like they can't figure It out they might see the address but They're gonna be like what is that I Don't know what to do with this you know So I think that uh having some tutorials On your side or whatever to be able to Point to people when they have that Troubleshooting problem or maybe having Three or four or five frequently asked Questions you can address in a little Video a tutorial for you know a few
Minutes uh I think that'd be good or Even have a a bigger tutorial that has That part in it that goes through a Little bit more because you just got to Remember like they're babies a lot of These people are just babies in crypto Like we've been around for a while I Didn't even there wasn't even anything Showing me how to buy Bitcoin the first Time I did like a guy just told me how To do it and I had to people together Because there wasn't like you know the Education out there people have the Education but people need to know how to Ask the right questions And it's hard when you don't understand It's like if you start a new job today Let's just say it's a it's a warehouse Foreman what are you what's it warehouse For I don't know Bitcoin miners like you Show up they don't just say okay there You go it's your job go do it yeah they Have somebody train you and show you Like during the day you'll encounter This this will happen this will happen And then you learn how to ask the right Questions or at least you have some Reference point if you don't understand What you're supposed to be doing to get The information I think in crypto most People stop When they click Buy on coinbase and they Just use it to look at after that it's Like a portfolio basically and um I
Think really the thing we did a terrible Job and I say we I mean crypto Influencers we did a terrible job in the Last Bull Run Warning people about self-custody And that was intentional on my part Because The last summer people had lost a lot More money trying to send money off and Not knowing how to do it then just keep It on exchanges That outside of Mount Cox that's not True anymore like absolutely get your Money off the exchanges ASAP like that's The new message and I think or this next Bull Run we're going to continue to push That message to people so when they come Into crypto they're gonna feel a Responsibility to learn how to do this Stuff and that's that's what's been Missing so that's why it looked great I Mean it looked very simple the tutorial Was way longer than it would have taken To send you know if you just went to Send it you could send it in 12 seconds Yeah yeah exactly so the the good news Is that inside of the extension there Will be an actual tutorial video that Tells everybody hey here's how you use Preset right and then there will also Also you know people can go to my YouTube channel and they'll see the Present video that basically tells them Everything that they need to know about
Precin and then also shows me doing Those types of transactions right and Then the third thing that we're going to Do is also have basically these tutorial Videos and that show them exactly where We're getting these um addresses at and Exactly what it is functional with so For like just to kind of clear the air For everybody right now it's functional You can connect your metamask and by the Time they watch this you'll likely be Able to connect anything that uses Wallet connect like Ledger Exodus wallet Crypto.com stuff like that right and you Can send into coinbase finance.com Binance.us bluecoin and crypto.com and You can send on avax on ethereum binance Smart chain polygon and uh what's the Other one FTM chains and you can Basically you know by the time they Watch this as well we might have being Able to send into metamask Ledger and Trustwallet at that point so we're Taking over a pretty decent size of the Market or portion of the market coming Into it so we're just going to keep Building out more functionalities and Hopefully getting those Partnerships Where you're coming in and onboarding All of your Fiat in coinbase boom we can Have pre-send inside of coinbase so that You can come out of coinbase into your Metamask Ledger trust wallet and stuff Like that but we'll need some
Cooperations from the big dogs from that Uh the coinbases and finances of the World so hopefully videos like this will Bring us into the you know the Television and the computer sets of the People that need to see it and we'll Take it from there yeah and even the Mobile phones Yeah and we have most likely the mobile Phones yeah yeah so you can actually use Pre-send um on your mobile phone through The web app which is awesome you just go In through metamask go to the web app App.present.io connect boom and you can Pre-send it's pretty cool man so like We've already got a lot of Functionalities I'm super excited and I'm very humbled uh to first off be on Your channel and be able to bring this Out to the masses as you know one of the Co-founders and the CEO of the company I'm just appreciative to even be in the Situation that we are with a functional And patent-pending product that could Potentially be a very revolutionary Technology to usher in a new age in Crypto so yeah well you know appreciate Saying you're humbled Um one of us had to be today yeah I'm just kidding I'm literally right Number one in humility literally ranked Number one of all time uh Drew thank you So much for coming on it's been very Insightful there's been a good interview
I think it present four sponsor in this Video but I think you guys will see like This is a cool service that can save you Some money and it just costs you barely A transaction fee a dollar or two as he Was saying um depending on the size of The transaction uh and it could look if I use this and I had not lost that 3000 That turned into fifty thousand it may Have been six figures at some point uh Like it would have been well worth it For me to take this one extra step so we Got a link Down Below in the description You guys can all uh you know check it Out I think this is a universally good Thing they're not customing your crypto You still own it it's in your metamask I Don't see any red flags or anything bad About it Um you know but uh wait hold on real Quick you don't secretly have a big Bushy afro and you play League of Legends do you no I have the Viking Braids man the king of all Norway oh and And just really quickly one other quick Point we got a 9.95 on our hacking audit Out of 10 for security score so our code Has been audited uh by the best in the Game so yeah just to let everybody know That yeah hacking was a popular coin Back in 2017 2018. people don't know That white hat hackers that's the Problem right so that's it all right Drew well thank you so much for coming
On uh you know I have to have you back On in the future and uh until next time It's gone [Music] [Music] [Music] Foreign [Music]
