I don't see my money in my account, and I see no history either? Is this normal?
I don't see the barcode either I waited a while 15-20 min, still zero and no barcode to the far right.
I didn't use 2 factor
I use tor browser only.
Topic: Bitamp Bitcoin Web Wallet - Send & Receive Bitcoin Instantly! (Read 13677 times)
How effective are China’s Bitcoin bans?
You can see for yourself. This isn’t the first time China has had some kind of ban or restriction on Bitcoin, this is at least the third time it’s tried to clamp down on Bitcoin activity. First exchanging, then use, and now mining.
True, each time it’s affected Bitcoin markets but fundamentals continue to grow. Look at wallet numbers. Hashrate. Txs. They’re always climbing!
You can see for yourself. This isn’t the first time China has had some kind of ban or restriction on Bitcoin, this is at least the third time it’s tried to clamp down on Bitcoin activity. First exchanging, then use, and now mining.
True, each time it’s affected Bitcoin markets but fundamentals continue to grow. Look at wallet numbers. Hashrate. Txs. They’re always climbing!
What do you guys think about stats floating around saying 60% drop in active BTC addresses?
I don’t think that statistic really stands. And it would depend on what you define as active addresses. Take into account that a LOT of activity now happens off-chain — that means people more and more are using and transacting Bitcoin without actually using the network. Exchange wallet to wallets, platforms between user accounts, and now even wrapped Bitcoin on other networks and Layer 2 solutions like Lightning.
Bitcoin use and adoption continues to grow, not shrink.
I agree with you. The stats are most likely not accurate at all but could reflect on times when the network is very active and times when it's not very active.I don’t think that statistic really stands. And it would depend on what you define as active addresses. Take into account that a LOT of activity now happens off-chain — that means people more and more are using and transacting Bitcoin without actually using the network. Exchange wallet to wallets, platforms between user accounts, and now even wrapped Bitcoin on other networks and Layer 2 solutions like Lightning.
Bitcoin use and adoption continues to grow, not shrink.
My Theory is that the on chain transactions or number of active addresses tend to rise during times of high volatility. There are people joining in due to FOMO and try opening up wallets and purchasing bitcoin and then people trying to move Bitcoins to from wallets to exchanges to sell due to panic.
But in the recent months, the volatility has been very low and so naturally the number of transactions on chain tends to drop. The low volatility is leads to low buy and sell orders as reflected by the low trading volumes lately.
The low on chain activity can also be reflected in the mempool. very few unconfirmed transactions compared to some months back.
I'd share videos and links, a complete package, OR leave it as part of inheritance with a family lawyer. There are technical means to also achieve this that are more trustless but for now, when most people don't know how to use Bitcoin, might be best to stick to understood methods:)
Making video instruction is a good idea but technology is developing so quickly and it may not be so easy for people in future to play this video.Imagine recording video with betamax, vhs cassette or even CD not so long ago, and now it would be very hard to play some of them.
I still think that writing instructions on hard paper is better, but you can add optional audio-video recording.
Anyone got any experience to share with this?
Sealed envelope left for your family members with simple instructions on how to recover and use Bitcoin would be the best option, but I believe that some basic education is needed even before, so that people could understand importance of Bitcoin and private keys.That is easier said than done, and I realized that many people are often just not willing to listen and learn anything, at least that is my experience so far.
Thank you for sharing this and indeed. If you want to leave behind the sealed envelope then make sure there is also instructions in there to help them understand it.
I'd share videos and links, a complete package, OR leave it as part of inheritance with a family lawyer. There are technical means to also achieve this that are more trustless but for now, when most people don't know how to use Bitcoin, might be best to stick to understood methods:)
What do you guys think about stats floating around saying 60% drop in active BTC addresses?
I don’t think that statistic really stands. And it would depend on what you define as active addresses. Take into account that a LOT of activity now happens off-chain — that means people more and more are using and transacting Bitcoin without actually using the network. Exchange wallet to wallets, platforms between user accounts, and now even wrapped Bitcoin on other networks and Layer 2 solutions like Lightning.
Bitcoin use and adoption continues to grow, not shrink.
I don’t think that statistic really stands. And it would depend on what you define as active addresses. Take into account that a LOT of activity now happens off-chain — that means people more and more are using and transacting Bitcoin without actually using the network. Exchange wallet to wallets, platforms between user accounts, and now even wrapped Bitcoin on other networks and Layer 2 solutions like Lightning.
Bitcoin use and adoption continues to grow, not shrink.
Anyone got any experience to share with this?
Sealed envelope left for your family members with simple instructions on how to recover and use Bitcoin would be the best option, but I believe that some basic education is needed even before, so that people could understand importance of Bitcoin and private keys.That is easier said than done, and I realized that many people are often just not willing to listen and learn anything, at least that is my experience so far.
What happens to Bitcoin accounts when an owner dies without passing on their private keys?
It’s simply lost forever. Or until the private keys are found. It sounds like a bad thing but that’s how Bitcoin works. You, and only you, should have access and no one else.
Which is why inheritance plans are really important for Bitcoin — either do a timelock transaction that automatically triggers at a fixed time (presumably once you die or are unable to access). Or simply passing on the private keys as part of your inheritance to a loved one or family.
Anyone got any experience to share with this?
It’s simply lost forever. Or until the private keys are found. It sounds like a bad thing but that’s how Bitcoin works. You, and only you, should have access and no one else.
Which is why inheritance plans are really important for Bitcoin — either do a timelock transaction that automatically triggers at a fixed time (presumably once you die or are unable to access). Or simply passing on the private keys as part of your inheritance to a loved one or family.
Anyone got any experience to share with this?
Is there a way for me to avoid paying Coinbase fees?
There isn’t, not if you want to continue using Coinbase.
You also can’t escape paying miner fees for any transactions you do on Bitcoin, or any other crypto network for that matter. BUT you can save drastically on fees by using your own wallet client. For Bitcoin, examples would be Bitamp wallet or Electrum. Both interact directly with the Bitcoin network, so you pay only and exactly the required miner’s fee to confirm your transaction.
You will save a lot in the long run. As an example, a withdrawal fee on a typical exchange is at least 50,000 satoshi today. But sending your own transaction from your own client will cost you as low as 150 satoshi. That’s 300 times more if you use an exchange!
There isn’t, not if you want to continue using Coinbase.
You also can’t escape paying miner fees for any transactions you do on Bitcoin, or any other crypto network for that matter. BUT you can save drastically on fees by using your own wallet client. For Bitcoin, examples would be Bitamp wallet or Electrum. Both interact directly with the Bitcoin network, so you pay only and exactly the required miner’s fee to confirm your transaction.
You will save a lot in the long run. As an example, a withdrawal fee on a typical exchange is at least 50,000 satoshi today. But sending your own transaction from your own client will cost you as low as 150 satoshi. That’s 300 times more if you use an exchange!
Is it true a country has made Bitcoin legal tender?
Yes it is! El Salvador made history by enshrining this in their Constitution. What does this mean and how is this different from other countries that accept or recognize Bitcoin?
Well, legal tender means no one has the right to refuse payment in Bitcoin — refuse a BTC payment and it would actually be illegal:) This is just the start!
Yes it is! El Salvador made history by enshrining this in their Constitution. What does this mean and how is this different from other countries that accept or recognize Bitcoin?
Well, legal tender means no one has the right to refuse payment in Bitcoin — refuse a BTC payment and it would actually be illegal:) This is just the start!
Frequently asked: why does the Bitcoin I send + service fee + miner fee = amount of Bitcoin I own?
Perhaps you don’t mean the total amount you own, but the total amount of Bitcoin actually being sent?
What you send - network fee - service fee (if wallet has it) = what person receives.
Basically, works just like any other method of payment.
If you don’t want to pay service fees, then use a client that interacts directly with the Bitcoin network, so all the fees you pay actually go to the miners (this is also usually cheaper).
Perhaps you don’t mean the total amount you own, but the total amount of Bitcoin actually being sent?
What you send - network fee - service fee (if wallet has it) = what person receives.
Basically, works just like any other method of payment.
If you don’t want to pay service fees, then use a client that interacts directly with the Bitcoin network, so all the fees you pay actually go to the miners (this is also usually cheaper).
What's the smallest amount of Bitcoin I could buy and how would I do that?
Theoretically, there is no smallest amount of Bitcoin you could buy, but since small amounts may end up costing less than a transaction fee it would take to send you the Bitcoin, you may be constrained by how you choose to pay.
Most exchanges probably would let you buy amounts as low as $10–50 but would charge you about $5 in withdrawal.
P2P, you might convince someone to sell you about $1 (about 3,000 satoshi today) but they’d be inconvenienced and you’d lose about 5 cents to fees (which is 5% of your purchase!).
Probably better off trying a faucet, if you really want such a small amount! What do you guys think?
Theoretically, there is no smallest amount of Bitcoin you could buy, but since small amounts may end up costing less than a transaction fee it would take to send you the Bitcoin, you may be constrained by how you choose to pay.
Most exchanges probably would let you buy amounts as low as $10–50 but would charge you about $5 in withdrawal.
P2P, you might convince someone to sell you about $1 (about 3,000 satoshi today) but they’d be inconvenienced and you’d lose about 5 cents to fees (which is 5% of your purchase!).
Probably better off trying a faucet, if you really want such a small amount! What do you guys think?
If I want to transfer crypto assets (BTC, ETH) to a hardware wallet like Ledger Nano S, how much transaction fees does it take?
It doesn’t matter WHERE you send your transaction to, what affects the fees is how you spend those funds, or rather, the source of the wallet you’re using.
If you’re using a service like an exchange or online wallet, they’ll charge you a fixed fee to withdraw (send) to another wallet. You can’t do anything about that and have to check with the service how much this costs.
But if you’re using your own wallet client with private keys only you control, then you get to decide how much you pay, depending on how fast you want it to confirm. The faster, the higher the fee.
It doesn’t matter WHERE you send your transaction to, what affects the fees is how you spend those funds, or rather, the source of the wallet you’re using.
If you’re using a service like an exchange or online wallet, they’ll charge you a fixed fee to withdraw (send) to another wallet. You can’t do anything about that and have to check with the service how much this costs.
But if you’re using your own wallet client with private keys only you control, then you get to decide how much you pay, depending on how fast you want it to confirm. The faster, the higher the fee.
Someone appears to have used my private keys to access my wallet and send funds to another wallet. Is there any way for me to get it back?
Not unless you know the person you’ve sent it to, in which case you’ll have to ask them to send it back to you. One way is to write on Etherscan comments under the address and hope the person sees it.
Otherwise — your private key seems to have been compromised so I’d sweep any remaining funds to a new wallet.
Not unless you know the person you’ve sent it to, in which case you’ll have to ask them to send it back to you. One way is to write on Etherscan comments under the address and hope the person sees it.
Otherwise — your private key seems to have been compromised so I’d sweep any remaining funds to a new wallet.
How can I buy Bitcoin without bank or card?
Well, apart from P2P options, buying directly from someone else, that is, you can actually buy Bitcoin from ATMs in many places, which accept cash. These days also, you can even buy Bitcoin from services that accept cash deposits instead of bank accounts.
Do you know of any other way? Do share:)
Well, apart from P2P options, buying directly from someone else, that is, you can actually buy Bitcoin from ATMs in many places, which accept cash. These days also, you can even buy Bitcoin from services that accept cash deposits instead of bank accounts.
Do you know of any other way? Do share:)
How are wallets secured by users?
Cryptography:) Which is what secures the network itself, and provides access to your wallet only via private keys — which you, and you alone control. If you don’t, that is, if your wallet is hosted by a service online, you’re actually trusting the platform to secure your funds.
Make sure you also encrypt your wallet on your device! That is, set a password.
Cryptography:) Which is what secures the network itself, and provides access to your wallet only via private keys — which you, and you alone control. If you don’t, that is, if your wallet is hosted by a service online, you’re actually trusting the platform to secure your funds.
Make sure you also encrypt your wallet on your device! That is, set a password.
Who gets the Bitcoin transaction fees?
If you’re sending from a service like an exchange, the exchange gets all of it. If you’re sending from your own wallet directly, then the miner that takes your transaction and includes it in a new block found does.
No guesses then why exchange fees are actually more than the actual miner fee!
If you’re sending from a service like an exchange, the exchange gets all of it. If you’re sending from your own wallet directly, then the miner that takes your transaction and includes it in a new block found does.
No guesses then why exchange fees are actually more than the actual miner fee!
How to minimize fees when sending Bitcoin to a cold wallet for long term storage?
If it’s not urgent, then I would just set the lowest fee possible, which is 1 sat/byte. The Bitcoin network isn’t at all congested now and that will eventually get confirmed.
Just send everything and set it to lowest fee possible.
Even at worst case scenario this year, it would have taken a couple of weeks at most. Set an RBF if you can in case you need to top up fees.
If it’s not urgent, then I would just set the lowest fee possible, which is 1 sat/byte. The Bitcoin network isn’t at all congested now and that will eventually get confirmed.
Just send everything and set it to lowest fee possible.
Even at worst case scenario this year, it would have taken a couple of weeks at most. Set an RBF if you can in case you need to top up fees.
What is the process to make Bitcoin a legal tender in a country?
As I know each country has different rules but mostly the same as your post although not so similar.use your own wallet like Electrum and Bitamp so you can set precisely how much you want to pay (and thus the speed of your confirmation for the transaction).
Bitamp isn't specific detail of fee, isn't like electrum, bitamp use fee such as Priority, regular and slow. I hope bitamp can development set a manual fee like electrumWe're definitely considering this, thanks for your input. The only problem is most newcomers wouldn't know how to set it, and if they set a fee too low, then they come to the wallet begging them to help, which we of course can't:)
Can I send Bitcoin to someone without a wallet?
The only way to do this would be to use an existing service, deposit money to buy Bitcoin, and withdraw it to that person’s address. You’d be using the service’s wallet instead, so you can’t control how or when that person would receive it. The only way to ensure the person receives exactly the amount you want to send, in the time you want, is to use your own wallet.
The only way to do this would be to use an existing service, deposit money to buy Bitcoin, and withdraw it to that person’s address. You’d be using the service’s wallet instead, so you can’t control how or when that person would receive it. The only way to ensure the person receives exactly the amount you want to send, in the time you want, is to use your own wallet.
Jump to: