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Topic: Bitamp Bitcoin Web Wallet - Send & Receive Bitcoin Instantly! - page 26. (Read 13678 times)
Did you have a particular token in mind?
OMNI Backed USDT is a good option!
Ah but soon everything will be on ETH won't it not? Can't keep up with all the developments!
Does this have support for the lightning network?
Not yet! But it's definitely been considered to be on our plans for good things to come up in the pipeline. Might need different implementations but we're not against it of course:)
Does this have support for the lightning network?
Did you have a particular token in mind?
OMNI Backed USDT is a good option!
Just tried out this wallet for a bit of fun. Why not,,, add all the different Bitcoin tokens that are also attached to the address, like ERC20 token viewer for Ethereum? This is the only reason I would use a web wallet actually:)
At the moment, this is only a Bitcoin wallet, if you are talking about all the other sidechain assets on Bitcoin blockchain, you can look them up on their own individual blockchains. Did you have a particular token in mind?
Just tried out this wallet for a bit of fun. Why not,,, add all the different Bitcoin tokens that are also attached to the address, like ERC20 token viewer for Ethereum? This is the only reason I would use a web wallet actually:)
AH that's what you meant, so yes in that case, absolutely, we'll transmit your messages to our development. Thank you very much for pointing that out, as we like to say, we're not always the best technical experts in the area, but I'm sure our developers will understand this. Thank you again!
I'm not sure you understand what a passphrase is.
I'm really sure understand what meaning of passphrase and what meaning of password.A single seed brings you to only one wallet (where you might have different addresses within).
No, when you add passphrase, you had different wallet.Having a passphrase is merely encrypting access to an account. We don't have accounts at Bitamp.
I know, I did explore your wallet much.1. https://wiki.trezor.io/Passphrase
2. https://blog.trezor.io/passphrase-the-ultimate-protection-for-your-accounts-3a311990925b
3. https://support.ledger.com/hc/en-us/articles/115005214529-Advanced-passphrase-security
I make example same 12 seed with passphrase and without passhrase
12 seed without passhrase
Code:
join deliver buyer crowd remember often hire catch inquiry dinosaur guilt dry
legacy address:
Code:
1WNep3vGpsCPLc7j4Dcp6o8x7roVHswMW
1CbF211PUvx42sY52NCTeS4rDUPzLZ9Str
1C4EKujYEb1VE85UERPBJSNrDx9xXajf9w
1C6Ctd5GZ2PNMJQcePcqxkV6YfcdYsLNZS
15kavzaK889mh6YLoH5WeRDSvRDgimsbyC
13WhczVeUia1egQ6B7iVwzG1vXvFzZnLt7
1HDkqp8Uyp8nvaWp14VPPT4wqMn6u2LY6y
1CbF211PUvx42sY52NCTeS4rDUPzLZ9Str
1C4EKujYEb1VE85UERPBJSNrDx9xXajf9w
1C6Ctd5GZ2PNMJQcePcqxkV6YfcdYsLNZS
15kavzaK889mh6YLoH5WeRDSvRDgimsbyC
13WhczVeUia1egQ6B7iVwzG1vXvFzZnLt7
1HDkqp8Uyp8nvaWp14VPPT4wqMn6u2LY6y
12 seed with passhrase > example passhrase: "Bitamp123"?
Code:
join deliver buyer crowd remember often hire catch inquiry dinosaur guilt dry
legacy address:
Code:
1M3WXiH5YGivw7pqbVSZbKKN9tJE1UqCei
14UWUUQDRYF7tES3AWdRivCqNgXpZwN3aV
1JoeQCS4t4PfKDh4ShCPHXEr7Dj4STBpNb
1DPpe9ZijbMMkjgRSMoKYGmf2TZ5qZrXDJ
184mGWhxxkDnuX2bFZxtALMZw9ugNwMvQB
1ChBHCyuuU6UfQ1KWNMhfbkSbL9QFWo9Rd
14UWUUQDRYF7tES3AWdRivCqNgXpZwN3aV
1JoeQCS4t4PfKDh4ShCPHXEr7Dj4STBpNb
1DPpe9ZijbMMkjgRSMoKYGmf2TZ5qZrXDJ
184mGWhxxkDnuX2bFZxtALMZw9ugNwMvQB
1ChBHCyuuU6UfQ1KWNMhfbkSbL9QFWo9Rd
You should recheck it on bitamp wallet or https://iancoleman.io/bip39/ tool
Well, to be perfectly fair. It shouldn't matter which wallet you use, a seed phrase should always be recoverable in any type of wallet, as long as the type of seed is supported.
Just my suggestion to make bitamp be better like other.No need to have passphrase because anyone who have seeds or private keys, they will be able to access wallets and funds.
Seed with passphrase is a different thing with seed without a passphrase. you get the different address of both.I'm not sure you understand what a passphrase is. A single seed brings you to only one wallet (where you might have different addresses within). Having a passphrase is merely encrypting access to an account. We don't have accounts at Bitamp.
Well, to be perfectly fair. It shouldn't matter which wallet you use, a seed phrase should always be recoverable in any type of wallet, as long as the type of seed is supported.
Just my suggestion to make bitamp be better like other.No need to have passphrase because anyone who have seeds or private keys, they will be able to access wallets and funds.
Seed with passphrase is a different thing with seed without a passphrase. you get the different address of both. 
No need to have passphrase because anyone who have seeds or private keys, they will be able to access wallets and funds. Passphrase is only to protect seeds or private keys. So at the end and most important point, protect seeds / private keys is thing to do.
Bitamp is good for recovery purpose, if hardware wallet had stolen, people should use your wallet to sending it fast. But I can't see Passphrase option, Imposible to recovery using your wallet if the user had it. Also, a passphrase is the most important thing if the seed had uncompromised, someone can't access without the 13th seed.
Well, to be perfectly fair. It shouldn't matter which wallet you use, a seed phrase should always be recoverable in any type of wallet, as long as the type of seed is supported.
Passphrase is a vulnerability, because it means the server has to store a passphrase, meaning, if it is hacked, someone else can access your wallet.
A Passphrase is NOT a 13th seed!
Bitamp is good for recovery purpose, if hardware wallet had stolen, people should use your wallet to sending it fast. But I can't see Passphrase option, Imposible to recovery using your wallet if the user had it. Also, a passphrase is the most important thing if the seed had uncompromised, someone can't access without the 13th seed.
Thank you for the responses!
@slaman29: It is of course possible for a single seed phrase to give you all three types of Bitcoin addresses. Depending on the implementation, and in this case it's called a BIP39 implementation, our single wallet actually does give you all types of addresses in one wallet. We believe there are other wallets that also allow this, but none of them are open source (which means you don't know for sure they are as private as they claim they are!).
Also, we wanted to create a web wallet and not a software client because our target customers are Bitcoin newcomers who probably don't want or don't know how to manage a software wallet. We are trying to convert normal web wallet users like Coinbase, to switch to a self-controlled only web wallet. That would be a first step to using Bitcoin the way it was meant to be!
@slaman29: It is of course possible for a single seed phrase to give you all three types of Bitcoin addresses. Depending on the implementation, and in this case it's called a BIP39 implementation, our single wallet actually does give you all types of addresses in one wallet. We believe there are other wallets that also allow this, but none of them are open source (which means you don't know for sure they are as private as they claim they are!).
Also, we wanted to create a web wallet and not a software client because our target customers are Bitcoin newcomers who probably don't want or don't know how to manage a software wallet. We are trying to convert normal web wallet users like Coinbase, to switch to a self-controlled only web wallet. That would be a first step to using Bitcoin the way it was meant to be!
I appreciate the response, thanks. Like I said, this is a cool feature but I don't think many of us here would like to use a web wallet because it's a well known vulnerability. A lot of people lose crypto to web wallets. Of course, that doesn't mean we don't use them. I use a few thanks to my activity on some crypto casinos but that's because we're using the service. But to actually store our bitcoin on a web wallet? I don't think even newbies should do that:)
Thank you for the responses!
@slaman29: It is of course possible for a single seed phrase to give you all three types of Bitcoin addresses. Depending on the implementation, and in this case it's called a BIP39 implementation, our single wallet actually does give you all types of addresses in one wallet. We believe there are other wallets that also allow this, but none of them are open source (which means you don't know for sure they are as private as they claim they are!).
Also, we wanted to create a web wallet and not a software client because our target customers are Bitcoin newcomers who probably don't want or don't know how to manage a software wallet. We are trying to convert normal web wallet users like Coinbase, to switch to a self-controlled only web wallet. That would be a first step to using Bitcoin the way it was meant to be!
@slaman29: It is of course possible for a single seed phrase to give you all three types of Bitcoin addresses. Depending on the implementation, and in this case it's called a BIP39 implementation, our single wallet actually does give you all types of addresses in one wallet. We believe there are other wallets that also allow this, but none of them are open source (which means you don't know for sure they are as private as they claim they are!).
Also, we wanted to create a web wallet and not a software client because our target customers are Bitcoin newcomers who probably don't want or don't know how to manage a software wallet. We are trying to convert normal web wallet users like Coinbase, to switch to a self-controlled only web wallet. That would be a first step to using Bitcoin the way it was meant to be!
Could be used Two factor authentication in this wallet? I think this two factor authentication brings more security to the user end.
It is your key, it is your bitcoin. Secure your key.With Bitamp wallet, from a single private key, you can have three options to get 3 types of receiving address list, for: standard(1xx), segwit (bxx), and P2SH (3xx). You can choose which types of address you want to use, from the Overview tab or from the Addresses tab. Choose it from the dropdown menu.
The wallet supports change address too.
Additionally, you can import BTC address you get from Bitamp to other wallets, such as Electrum.
On Bitamp, with each receiving address, you will have the key icon, click on it to get private key for that specific address.
Below is an example for you. You should never disclose your private key like that.
On Electrum, click on File > New/ Restore > Import Bitcoin addresses or private key:
- If you copy and paste your BTC address from Bitamp, you will get an imported, watching only on Electrum.
- If you copy and paste your private key from Bitamp, you will get an imported wallet on Electrum.
Name your wallet file and set up a good password on Electrum when you import it.
Questions and suggestions for Bitamp wallet:
- Multisig wallet
- Sign / verify a message
- Time locked address
^ Oh that's cool, yeah I always wanted a Bitcoin wallet that would be able to let me use legacy plus segwit. I thought it wasn't possible for a single seed phrase to give you those different types of wallets though.
Why not create a separate application also, for those who don't trust web wallets?
Why not create a separate application also, for those who don't trust web wallets?
Thank you for the very good explanation above and indeed. Not your keys, not your Bitcoin. Repeat this mantra often enough and everything about Bitcoin makes sense:)
With Bitamp wallet, from a single private key, we believe also that no other wallet gives you the ability to use ALL three supported Bitcoin address formats!
With Bitamp wallet, from a single private key, we believe also that no other wallet gives you the ability to use ALL three supported Bitcoin address formats!
Could be used Two factor authentication in this wallet? I think this two factor authentication brings more security to the user end.
It is your key, it is your bitcoin. Secure your key.With Bitamp wallet, from a single private key, you can have three options to get 3 types of receiving address list, for: standard(1xx), segwit (bxx), and P2SH (3xx). You can choose which types of address you want to use, from the Overview tab or from the Addresses tab. Choose it from the dropdown menu.
The wallet supports change address too.
Additionally, you can import BTC address you get from Bitamp to other wallets, such as Electrum.
On Bitamp, with each receiving address, you will have the key icon, click on it to get private key for that specific address.
Below is an example for you. You should never disclose your private key like that.
On Electrum, click on File > New/ Restore > Import Bitcoin addresses or private key:
- If you copy and paste your BTC address from Bitamp, you will get an imported, watching only on Electrum.
- If you copy and paste your private key from Bitamp, you will get an imported wallet on Electrum.
Name your wallet file and set up a good password on Electrum when you import it.
Questions and suggestions for Bitamp wallet:
- Multisig wallet
- Sign / verify a message
- Time locked address
Could be used Two factor authentication in this wallet? I think this two factor authentication brings more security to the user end.
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