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 address that will not be violated?
I assume that some person add a Bitcoin address to their profile to receive donations or as a form of security. Somebody who wants to maintain privacy might send you some funds without having any form of contact through the wallet in your profile. Regarding security, you might be asked to sign a message from the address you put in your profile if you have any issues with your bitcointalk account. I think using an exchange address is not advisable because you don't have total control of the wallet. Your exchange account might be frozen or access can be restricted. It will be better to use a decentralized wallet that you have full control over.
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.
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 address that will not be violated?
I assume that some person add a Bitcoin address to their profile to receive donations or as a form of security. Somebody who wants to maintain privacy might send you some funds without having any form of contact through the wallet in your profile. Regarding security, you might be asked to sign a message from the address you put in your profile if you have any issues with your bitcointalk account. I think using an exchange address is not advisable because you don't have total control of the wallet. Your exchange account might be frozen or access can be restricted. It will be better to use a decentralized wallet that you have full control over.
Thats why im asking, i know it can be frozen or i can take high taxes when withdrawing. Anonimity isnt my goal, i just want the coins to be safe now im going to invest on it.
@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?
In addition, if you put your address from a centralized crypto exchange, someone could send a "donation" that could only cause you problems, because CEX does not really like coins related to gambling, mixers and anything suspicious according to their criteria.
Not that i want to receive any donations but, when i saw it this came to my mind: WHAT is my btc adress? My TRC adress? I can only find then in binance and dont have any other wallet i can really trust, so thats why im here to find a better solution. And im actually feared to make any transactions and binance take the coins and disapear with it.
Recommended address which is:
- You own the private key/seed phrase.
- Not the main address where you hold the majority of your bitcoin portfolio.
- It isn't a known address belonging to a banned user
Can you please tell me more about what is my private key/ seed? And how do i make more than 1 wallet to hold different volumes?
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.
You can basically put whatever you want in that field. there is no rule as to which type of Bitcoin wallet you must use.
Just remember that the deposit address Binance (or any exchange) gives you isnt technically your wallet. You dont own that address; Binance lets you use it as part of its service and so if you ever need to prove you own that address, like if someone hacks your account, youre out of luck.
So, for a totally newbie, what app, website, source code, anything. What should i do to have an adress that will not be violated?
I suggest you direct this question to the
Beginners & Help board, you will get more specific answers there. But for starters, I suggest you read this topic where everything is nicely explained:
[General] Bitcoin Wallets - Which, what, why?Thanks, the post is redirected. Im gonna read carefully the post you sent.
