BINANCE AS HOLDER | Bitcointalksearch.org

yudi09

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Quote from: Awaklara on February 02, 2024, 11:31:50 AM

Quote from: yudi09 on February 02, 2024, 10:47:49 AM

-snip

it's just a Bitcoin address he put in the account profile. Actually, it's not a big problem I think. he just needs to delete it or replace it with another address. it should be that simple he did it and there was no need to make this thread.

Yes. It's not a big problem if you just enter the Bitcoin address in that section. He or anyone else may be free to delete and insert Bitcoin addresses from anywhere.
I think when I read the OP's topic, he was really serious about asking that because there were already 2 pages of responses that came before our post.

Quote from: Awaklara on February 02, 2024, 11:31:50 AM

just look at OP's current account details. some neutral tags are there. and now I'm using OP to stay on the forum with his account. unless he's going to change his reputation.

I do not see it. It was only after reading this post that I saw it and you are absolutely right.

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Quote from: Samlucky O on January 26, 2024, 12:28:54 AM

Quote from: Lucius on January 25, 2024, 06:47:40 AM

@snuffman8, I personally see no reason why anyone should have a BTC address in their profile, unless they hope to one day receive a generous donation from a secret admirer. I used to have a BTC address in my profile in the past, but it became completely meaningless to me a long time ago - because people don't put their bank account numbers in their social network profiles, do they?

You've just spoken my mind. It is pointless putting btc address on BTT profile. Because it means nothing and moreover it is coming from a newbie. Even signature campaign btc address is only used in applying for campaign in the campaign thread and if they are hired by the manager they receive payment without including their btc address on their profile. Just like you said no one would put his account number in social media. The only people who are supposed to put such wallet adres are organisation that receives payment from across the world. Like multinational company, schools, social media page of orphanage home, and maybe organisation seeking for mass domination from people of free will. This are organisation that need to include Bitcoin wallet address on their profiles.

This what I have in mind but since many have said it I believe he has learn allot. is not necessary to advertise your personal account number in the public even if you have all it take to secure it. Your wallet is your account number, holding password and key phrase is not enough because scammers are very funny, you must be smart and use wisdom.

Awaklara

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Quote from: yudi09 on February 02, 2024, 10:47:49 AM

Quote from: snuffman8 on January 24, 2024, 02:45:01 PM

Please guys, i didnt find any topic about it. When i was updating my profile, it has a field to add our btc adress. So, i took my deposit adress from binance and added there. But i know this is not the right thing.

So, for a totally newbie, what app, website, source code, anything. What should i do to have an adress that will not be violated?

If it is correct in that field that you mean, then you can use the Bitcoin address that you got from the wallet you are using.
If you use the Bitcoin address that you use as a receiving address, it would be better if you use another address that you don't use as a receiving address.
If you want to take an address from the Binance exchange or from another exchange, that's your right.
What you need to remember is that the address you use is from an exchange, so you don't have the seed phrase and private key.
That's their address and not yours.

it's just a Bitcoin address he put in the account profile. Actually, it's not a big problem I think. he just needs to delete it or replace it with another address. it should be that simple he did it and there was no need to make this thread.

just look at OP's current account details. some neutral tags are there. and now I'm using OP to stay on the forum with his account. unless he's going to change his reputation.

yudi09

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Quote from: snuffman8 on January 24, 2024, 02:45:01 PM

Please guys, i didnt find any topic about it. When i was updating my profile, it has a field to add our btc adress. So, i took my deposit adress from binance and added there. But i know this is not the right thing.

So, for a totally newbie, what app, website, source code, anything. What should i do to have an adress that will not be violated?

If it is correct in that field that you mean, then you can use the Bitcoin address that you got from the wallet you are using.
If you use the Bitcoin address that you use as a receiving address, it would be better if you use another address that you don't use as a receiving address.
If you want to take an address from the Binance exchange or from another exchange, that's your right.
What you need to remember is that the address you use is from an exchange, so you don't have the seed phrase and private key.
That's their address and not yours.

Coyster

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Quote from: moneystery on January 26, 2024, 07:18:08 AM

you can choose to empty it or fill it with a wallet address from a custodial wallet such as safepal, trustwallet, or atomic wallet,

None of these wallets above is a custodial wallet, they are all non-custodial wallets, but they are all closed source wallets and you should not use closed source wallets, so i would not recommend any of these wallets. Atomic wallet was also hacked recently and their customers are still in the dark about what happened, so avoid using it.

Quote from: snuffman8 on January 26, 2024, 07:28:03 AM

I just want a wallet where i can put everything there and do not touch so soon.

Then you need a non-custodial and offline wallet and not a custodial or hot wallet. Get yourself a hardware wallet, and back up your seed phrase in a safe location.

summonerrk

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Quote from: hd49728 on February 01, 2024, 05:48:34 AM

Quote from: summonerrk on February 01, 2024, 05:25:13 AM

For example, you used the address of the exchange to receive Ethereum, and if you were credited with tokens, then you could not brand them, since you did not own the keys of this address. Now, if you specify the BTC address from the exchange, then this is also bad, because you can be banned, and the exchange will not give you the keys to such an address.

Centralized exchanges don't give users private keys or mnemonic seeds from which users can get private keys. They only credit public addresses to user accounts and it is different than non custodial wallets.

With non custodial wallets, like you use Metamask wallet to store your ETH, any token on Ethereum blockchain ERC20 will be seen in your wallet, if they were sent to your wallet by project (airdrop), bounty distribution.

If you use a centralized exchange account's public address, you will have to pray that exchange will list the token on their exchange for trading. If they don't list the token, you can not do anything.

Some bounty managers even remind that bounty hunters should not use exchange wallet address for receiving.

You, having a lot of experience, described my thoughts absolutely accurately and in detail.
I remember a case with an unsuccessful indication of Ethereum adress, because of which the airdrop flew to the stock exchange, and as a result was lost. A long time ago, my friend participated here on the forum in the distribution of AETERNITY tokens and indicated the address either on Poloniex or on Bittrex. As a result, a generous airdrop was visible at the address of the exchange, but the support from the exchange refused to help my friend in any way. And in the end, he only sadly watched the ghost of his tokens.

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Quote from: summonerrk on February 01, 2024, 05:25:13 AM

For example, you used the address of the exchange to receive Ethereum, and if you were credited with tokens, then you could not brand them, since you did not own the keys of this address. Now, if you specify the BTC address from the exchange, then this is also bad, because you can be banned, and the exchange will not give you the keys to such an address.

Centralized exchanges don't give users private keys or mnemonic seeds from which users can get private keys. They only credit public addresses to user accounts and it is different than non custodial wallets.

With non custodial wallets, like you use Metamask wallet to store your ETH, any token on Ethereum blockchain ERC20 will be seen in your wallet, if they were sent to your wallet by project (airdrop), bounty distribution.

If you use a centralized exchange account's public address, you will have to pray that exchange will list the token on their exchange for trading. If they don't list the token, you can not do anything.

Some bounty managers even remind that bounty hunters should not use exchange wallet address for receiving.

summonerrk

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Quote from: snuffman8 on January 24, 2024, 02:45:01 PM

Please guys, i didnt find any topic about it. When i was updating my profile, it has a field to add our btc adress. So, i took my deposit adress from binance and added there. But i know this is not the right thing.

So, for a totally newbie, what app, website, source code, anything. What should i do to have an adress that will not be violated?

Previously, when there were ICOs and not only BTC was given here on the forum for completing tasks, but also different tokens, then it was impossible to specify the address of the exchange as the address for their rewards. For example, you used the address of the exchange to receive Ethereum, and if you were credited with tokens, then you could not brand them, since you did not own the keys of this address. Now, if you specify the BTC address from the exchange, then this is also bad, because you can be banned, and the exchange will not give you the keys to such an address.

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I've been on the forum for many months now and I leave that BTC address field empty, it's not a must to insert your BTC address, and also that address from Binanace exchange that you are talking about isn't really yours, it belongs to Binance exchange.

You have no control over that Bitcoin address so don't use it, instead create your own Bitcoin wallet, you can go for Electrum wallet and keep your recovery seed safe, don't repeat mistakes that many people have made in the past, mind you, Binance exchange have changed their wallet address twice in the last two years, just so you know, the address can be different when next you visit the exchange.

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Quote from: snuffman8 on January 24, 2024, 02:45:01 PM

Please guys, i didnt find any topic about it. When i was updating my profile, it has a field to add our btc adress. So, i took my deposit adress from binance and added there. But i know this is not the right thing.

So, for a totally newbie, what app, website, source code, anything. What should i do to have an adress that will not be violated?

There is no problem if you have an address war from Binance exchange but I don't like creating a wallet with your identity. I don't like Mon Wallet which can be controlled by third party. I recommend you to use mycelium wallet so that you can get the facility to deposit and control it yourself.

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Quote from: snuffman8 on January 26, 2024, 06:36:49 AM

Im a programmer and i have a VPS, so you think i can put something there instead of using a virtual machine at my own computer?

You are a programmer then the technical thing is not a problem. Yes you can set your electrum on your VPS as long you can secure it lock Port 22 and just log in using Certificate key.

However, if I were you Im gonna setup 2 Wallet Hot Wallet and Cold Wallet the Hot wallet is a wallet that you are gonna do transactions daily so put 10-20% of your portfolio and cold wallet is wallet with additional security like hardware wallet and use it as hold wallet.

For the Metamask no need for VPS to run it you can directly setup on a phone and browser extension and use it as a hot wallet. and you good to goo

YUriy1991

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Quote from: snuffman8 on January 24, 2024, 02:45:01 PM

Please guys, i didnt find any topic about it. When i was updating my profile, it has a field to add our btc adress. So, i took my deposit adress from binance and added there. But i know this is not the right thing.

That's right, as say from dzungmobile above. Just make easy OP, normal like everyone else, don't be too vulgar by displaying things that are deemed unnecessary because that can attract other people's attention.

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Quote from: Dunamisx on January 25, 2024, 02:21:50 PM

If you're referring to your Bitcointalk profile here then there's nothing to worry about, it belongs to you and you have the right to modify any changes to it, what you put in there doesn't violate any rule as long as it's ethical enough to reason with, there's never a time you will be required to update anything on your profile if not that you're ready and willing to do so. Welcome to Bitcointalk.

This is true, but the only place I see using a binance address as bitcoin wallet on profile is that the person can’t be able to prove ownership of the address if anything happens to the account and there is need for verification to be signed in using there staked address or an address added on there profile since the person don’t have private key to the address and the address is only meant for receiving of payment and binance have full access over it.

suzanne5223

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Quote from: snuffman8 on January 26, 2024, 11:31:55 AM

Quote from: suzanne5223 on January 26, 2024, 10:37:40 AM

If you are talking about the slot to add a Bitcoin wallet address that's available on this forum user profile. It's not a must you add your wallet address and adding an address on your profile does not violate the forum rules but using a self-custodial wallet is always the best for crypto holding.

Firstly, mobile wallet are prone to attack but if you must use a mobile Bitcoin wallet, Electrum wallet is still the best for newbies. For the tax (I believe you mean transaction fee) is base on the congestion level of the BTC network.

Im willing to use a mobile wallet because my computer got hacked once and all my passwords had been exploited. Im afraid it happens again. Thanks for explaining the fee. Thats exactly what i meant.

I'm sorry about that but the next thing shouldn't be going to a wallet that's more vulnerable to attack than the desktop wallet.
About the hack that happened to you, are you able to find out how it happened so you won't make the same mistake again.
According to what you said I will advise you to go for a hardware wallet instead of a mobile and desktop wallet and never use the same operating system you use for crypto activity to visit untrusted websites or links and don't use free things, especially anti-virus.

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Quote from: snuffman8 on January 26, 2024, 09:39:26 AM

I've been seeing that this forum its not only about btc and cryptocurrencies itself and this is making me really happy to learn from here. Thanks!

Yes, this has became the forum for the entire crypto forum and not just for Bitcoin. And if you've been really happy with that, we're also happy that you've found a new home and you're already doing the discussion lively. Because many of the newbies when they're like this, they never go back into discussions and forget about what they've started but that's fine. All you need to do is to keep on learning and don't get discouraged by just some few things. Keep that enthusiasm that you've got.

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Quote from: Pandu Geddon on January 26, 2024, 10:55:15 AM

Save your wallet recovery seed carefully. Don't make a mistake, it could make you regret it in the future.

Regarding the exchange wallet you use, sometimes the exchange changes the receiving address on your exchange account. Before making a deposit, it is better to check first whether the address is still the same or has changed. Sometimes people just copy their wallet from their last transaction. and it could be a delay in funds entering your exchange account.

welcome to the forum. nice to see your enthusiasm. I hope you get what you are looking for in the forum. If you have difficulty, you can ask here.

I've experienced that. My binance account has some years and indeed it changed some adressess. Thank for the hospitality.

Quote from: suzanne5223 on January 26, 2024, 10:37:40 AM

If you are talking about the slot to add a Bitcoin wallet address that's available on this forum user profile. It's not a must you add your wallet address and adding an address on your profile does not violate the forum rules but using a self-custodial wallet is always the best for crypto holding.

Firstly, mobile wallet are prone to attack but if you must use a mobile Bitcoin wallet, Electrum wallet is still the best for newbies. For the tax (I believe you mean transaction fee) is base on the congestion level of the BTC network.

Im willing to use a mobile wallet because my computer got hacked once and all my passwords had been exploited. Im afraid it happens again. Thanks for explaining the fee. Thats exactly what i meant.

Quote from: rat03gopoh on January 26, 2024, 10:13:16 AM

Yeah, speaking of the type of device with the highest security, airgapped devices should be the safest and they can be used as primary asset storage. Since you prefer mobile, I found open source software that allows your unused android/iphone to become an offline wallet. Read the review here if you're interested https://bitcointalksearch.org/topic/airgap-wallet-self-custody-made-simple-and-secure-protect-your-crypto-offline-5342004.
Or if you have a lot of bitcoin (say 1BTC or more), you should be able to afford a dedicated hardware wallet. https://thebitcoinhole.com/hardware-wallets

I loved this AirGap idea. Yes i have an old phone that is android 5 or more, that will work perfectly. Thanks!

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Quote from: snuffman8 on January 26, 2024, 07:28:03 AM

Yes you are right. I just want a wallet where i can put everything there and do not touch so soon. Im gonna try electrum at first and make 2 or 3 wallets. In the meanwhile, im gonna reasearch cold wallets that i found out with the help here that its the best option in this case.

Save your wallet recovery seed carefully. Don't make a mistake, it could make you regret it in the future.

Regarding the exchange wallet you use, sometimes the exchange changes the receiving address on your exchange account. Before making a deposit, it is better to check first whether the address is still the same or has changed. Sometimes people just copy their wallet from their last transaction. and it could be a delay in funds entering your exchange account.

Quote from: snuffman8 on January 26, 2024, 09:39:26 AM

I've been seeing that this forum its not only about btc and cryptocurrencies itself and this is making me really happy to learn from here. Thanks!

welcome to the forum. nice to see your enthusiasm. I hope you get what you are looking for in the forum. If you have difficulty, you can ask here.

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Quote from: snuffman8 on January 24, 2024, 02:45:01 PM

Please guys, i didnt find any topic about it. When i was updating my profile, it has a field to add our btc adress. So, i took my deposit adress from binance and added there. But i know this is not the right thing.

So, for a totally newbie, what app, website, source code, anything. What should i do to have an adress that will not be violated?

If you are talking about the slot to add a Bitcoin wallet address that's available on this forum user profile. It's not a must you add your wallet address and adding an address on your profile does not violate the forum rules but using a self-custodial wallet is always the best for crypto holding.

Quote from: snuffman8 on January 25, 2024, 07:58:20 AM

Could you please suggest any safe wallet i can use in my phone? i took a look over Electrum, but i see some people saying the taxes are too high and the UX is not that good.

Firstly, mobile wallet are prone to attack but if you must use a mobile Bitcoin wallet, Electrum wallet is still the best for newbies. For the tax (I believe you mean transaction fee) is base on the congestion level of the BTC network.

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Quote from: snuffman8 on January 26, 2024, 06:36:49 AM

Btw, i think i saw somewhere that you have how to make a physical and offline wallet

Yeah, speaking of the type of device with the highest security, airgapped devices should be the safest and they can be used as primary asset storage. Since you prefer mobile, I found open source software that allows your unused android/iphone to become an offline wallet. Read the review here if you're interested https://bitcointalksearch.org/topic/airgap-wallet-self-custody-made-simple-and-secure-protect-your-crypto-offline-5342004.
Or if you have a lot of bitcoin (say 1BTC or more), you should be able to afford a dedicated hardware wallet. https://thebitcoinhole.com/hardware-wallets

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Quote from: tabas on January 26, 2024, 09:01:49 AM

Quote from: snuffman8 on January 26, 2024, 06:36:49 AM

Quote from: tabas on January 25, 2024, 03:52:16 PM

No problem as everyone is saying but be careful of attacks like dust attacks as snowpega and with that I mean, try to read about what that means
What Is a Crypto Dusting Attack?
And other than that, keep on learning from the forum and don't hesitate to ask new questions that's making you curious.

Thank you my friend! Yes, im learning a lot here and really want to know more about this world, save some money and invest.

You're welcome, friend! I hope that you'll learn a lot here and you won't be distracted with many things while you have been focusing on some things. But that's fine, learn this and that at the same time since the forum is fully loaded with great people that we're all learning from and sharing their knowledge to everybody. And as for saving money and learning how to invest, it's part of your growth here and as well as your personal life. That's what I've learned in the long run when I've stayed on this community and while I am invested in Bitcoin. It's like a requirement that you'll have to learn the basics of finance and economy as Bitcoin expands to those subjects and categories as well.

I've been seeing that this forum its not only about btc and cryptocurrencies itself and this is making me really happy to learn from here. Thanks!

Topic: BINANCE AS HOLDER (Read 576 times)