Bitamp Bitcoin Web Wallet - Send & Receive Bitcoin Instantly! - page 5.

FatFork

legendary

Activity: 1820

Merit: 2700

Crypto Swap Exchange

Quote from: Bitcoin_Arena on March 21, 2021, 05:36:01 PM

Quote from: bitampcom on March 20, 2021, 09:12:40 AM

Hot wallets, used often and for probably small amounts. I’d recommend Bitamp. Web based so really easy to use instantly and on any device. But you should try out other apps as well — just be wary of dust inputs that can inflate your fees.

You guys know any better options?

Since you asked for better options, I suggest hardware wallets are pretty solid in terms of security. Web based wallets are prone to phishing attacks unlike the hardware counterparts.
Do you guys have any plans to create a software wallet, maybe mobile versions of the wallet?

All Bitcoin wallets require users to ensure their private keys and seed phrases are safe. When we compare the impact of the two wallets, hardware wallets look more useful since they have all the benefits of software or web wallets but without the extra risk. However, as stated by bitampcom, online (hot) wallets are often used to store smaller amounts. And, prevent account hacking or illegal funds transfers, you should be aware of the various ways where you can protect yourself from online threats.
Given their cost, I don't see the point in buying a hardware wallet to store less than a few hundred dollars worth of crypto. However, that is merely my opinion, and I understand if someone disagrees.

Bitcoin_Arena

copper member

Activity: 2128

Merit: 1814

฿itcoin for all, All for ฿itcoin.

Quote from: bitampcom on March 20, 2021, 09:12:40 AM

Hot wallets, used often and for probably small amounts. I’d recommend Bitamp. Web based so really easy to use instantly and on any device. But you should try out other apps as well — just be wary of dust inputs that can inflate your fees.

You guys know any better options?

Since you asked for better options, I suggest hardware wallets are pretty solid in terms of security. Web based wallets are prone to phishing attacks unlike the hardware counterparts.
Do you guys have any plans to create a software wallet, maybe mobile versions of the wallet?

FatFork

legendary

Activity: 1820

Merit: 2700

Crypto Swap Exchange

Quote from: bitampcom on March 20, 2021, 09:12:40 AM

Hot wallets, used often and for probably small amounts. I’d recommend Bitamp. Web based so really easy to use instantly and on any device. But you should try out other apps as well — just be wary of dust inputs that can inflate your fees.

You guys know any better options?

The first and most obvious guideline is that you should never store large sums in a wallet that does not provide you with your private keys or a seed phrase. Bitamp is a non-custodial open source wallet, so it's an obvious pick. It offers traditional functionality with easy accessibility by any browser. This means it can be used by anyone who has no advanced technical knowledge of bitcoin softwares or blockchain architectures.

bitampcom

member

Activity: 314

Merit: 17

Hot wallets, used often and for probably small amounts. I’d recommend Bitamp. Web based so really easy to use instantly and on any device. But you should try out other apps as well — just be wary of dust inputs that can inflate your fees.

You guys know any better options?

dkbit98

legendary

Activity: 2212

Merit: 7064

Quote from: bitampcom on March 19, 2021, 08:36:39 AM

Thanks for the feedback, we do agree bech32 should be default but newbie users might then not realize they need legacy for some services (shocking but true many old services still can't support bech32).

Maybe some of those services can't generate bech32 address for receiving Bitcoin, but every address can receive coins sent from bech32 addresses that are universal senders.
I can send coins from my bc1 address to legacy format starting with 1, to addresses starting with 3 and to other bc1 address, so there is no reason for Bitamp to keep legacy address format as default especially for newbies who are more likely to complain about higher fees.

OcTradism

hero member

Activity: 1722

Merit: 801

Quote from: bitampcom on March 19, 2021, 08:36:39 AM

Thanks for the feedback, we do agree bech32 should be default but newbie users might then not realize they need legacy for some services (shocking but true many old services still can't support bech32).

Your comment makes sense and I guess it is one of reasons the Bitamp team decide to display Legacy address type as the first, default one in the list of three types of wallets.

Can you consider to create a warning or reminder about Segwit address at this step. Then newbies will pay more attention to it, and might have more consideration to use Segwit address.

bitampcom

member

Activity: 314

Merit: 17

Quote from: dkbit98 on March 17, 2021, 05:12:27 AM

Electrum is standard for Bitcoin wallets, and that is why most hardware wallets are supporting connection with Electrum wallet and I think that is better than using their native applications.

I don't like using Blockchain web wallet, but I would consider testing and using Bitamp web wallet if there was some way to connect it with hardware wallets like Trezor or ledger.
Few suggestions I would make is to make bech32 native segwit address a default format to reduce fees (I see that legacy format is currently default format).
Your Tor version bitamptortcbtgit.onion should be more advertised, and not only written with small letters on the bottom of the page.

Thanks for the feedback, we do agree bech32 should be default but newbie users might then not realize they need legacy for some services (shocking but true many old services still can't support bech32).

bitampcom

member

Activity: 314

Merit: 17

What can I do if my wallet charges too much?

It depends. If your wallet is a proper Bitcoin client like Electrum or Bitamp, then you aren’t actually charged any fees by the wallet itself but paying a miner’s fee. During periods of high network congestion this fee can get quite high, nothing you can do about it but pay, or, if it’s not urgent, pay a small fee and wait.

If your wallet actually charges you a service fee or withdrawal fee, then you really should switch to Electrum or Bitamp!

dkbit98

legendary

Activity: 2212

Merit: 7064

Quote from: bitampcom on March 16, 2021, 04:24:46 AM

If you really want the simplest and fastest way to try a new wallet first (which I highly recommend before you go on further) then I suggest Bitamp -- web wallet you can even just save the page and try offline to be secure.

Electrum as others suggest after this to learn about coin control and setting your own fees.

Then you'll be equipped with enough knowledge to move on after.

Agree?

Electrum is standard for Bitcoin wallets, and that is why most hardware wallets are supporting connection with Electrum wallet and I think that is better than using their native applications.

I don't like using Blockchain web wallet, but I would consider testing and using Bitamp web wallet if there was some way to connect it with hardware wallets like Trezor or ledger.
Few suggestions I would make is to make bech32 native segwit address a default format to reduce fees (I see that legacy format is currently default format).
Your Tor version bitamptortcbtgit.onion should be more advertised, and not only written with small letters on the bottom of the page.

btc_angela

hero member

Activity: 2660

Merit: 551

Quote from: bitampcom on March 16, 2021, 04:24:46 AM

If you really want the simplest and fastest way to try a new wallet first (which I highly recommend before you go on further) then I suggest Bitamp -- web wallet you can even just save the page and try offline to be secure.

Electrum as others suggest after this to learn about coin control and setting your own fees.

Then you'll be equipped with enough knowledge to move on after.

Agree?

Definitely, to be honest I have try to apps already, and I would say that it is one of the best.

Specially at this time, we should use a wallet that we have total control of the private keys. Control of wallets also means that we can customise and set the fees to our liking, other any other services total that you can't set your own fees.

bitampcom

member

Activity: 314

Merit: 17

Should I keep 1 BTC or 10 BTC on my wallet until 2025?

No one can tell you how much Bitcoin to keep, nor should you listen to anyone. That’s something you got to figure out on your own. I can tell you: never invest more than you can afford to lose!

Whatever else, just make sure the wallet you choose is secure and non-custodial, meaning to say, it is accessible only by you via private keys, preferably on a device only you access and never connects to the internet (since you don’t want anyone trying to access it).

Try Bitamp to familiarize yourself with non-custodial wallets before you move on and find the perfect long-term storage!

bitampcom

member

Activity: 314

Merit: 17

If you really want the simplest and fastest way to try a new wallet first (which I highly recommend before you go on further) then I suggest Bitamp -- web wallet you can even just save the page and try offline to be secure.

Electrum as others suggest after this to learn about coin control and setting your own fees.

Then you'll be equipped with enough knowledge to move on after.

Agree?

bitampcom

member

Activity: 314

Merit: 17

Where can I find a good Bitcoin mining app for my computer?

There aren’t any. Bitcoin mining now is so highly specialized you can’t use simple apps any longer. So don’t download any of those. Worse, they are more likely to contain malicious code that will actually try to steal your passwords.

You’re far better off on a faucet site — just also remember to regularly withdraw your funds to your own wallet. Try Electrum or Bitamp!

bitampcom

member

Activity: 314

Merit: 17

Is uphold a good wallet?

It’s not so much the brand but the type of wallet. Uphold is all right but it does store your personal information (needs KYC). Why do that when you can open your own non-custodial wallet without any information? Electrum, Bitamp. So many open source clients.

bitampcom

member

Activity: 314

Merit: 17

Someone asked us on reddit: Do you expext Bitcoin mining to bocome so hard that there isn't nearly any device with the enough computation power to mine bitcoin anymore?

We said:

Tech will always improve. Either computers become more intensive, or more efficient at mining, or it does become so hard that people drop off, and difficulty lowers. Or developers of the network discover something else that keeps the network secure without needing a lot of mining. Hard to tell.

What do you think?

bitampcom

member

Activity: 314

Merit: 17

Just came across this on Reddit and thought we'd share it here. Real life examples of people losing their Bitcoin to exchanges and other online services. We advised them to immediately get comfy with a real wallet like Bitamp or Electrum;)

https://www.reddit.com/r/CryptoCurrency/comments/m1mu51/lost_bitcoin_wallet/gqkuppp?utm_source=share&utm_medium=web2x&context=3

bitampcom

member

Activity: 314

Merit: 17

Will Bitcoin have any practical value?

Something we get asked a lot. Will? It already has had practical use for many years now, arguably even from the first time it went public, when you could actually use it to sign messages, proving your identity and proof of ownership (you couldn’t do that independently before with any money).
- store of value
- proof of ownership
- independent payment network 24/7 100% up time with no censorship

Pretty amazing stuff, and that's just the tip of the iceberg, isn't it?

bitampcom

member

Activity: 314

Merit: 17

Imagine I have some BTC wallets and I want to collect them into a wallet. Must I spend a fee for each transfer?

Unfortunately you do. But you can always consolidate all inputs and spend them in a single transaction. This is to “sweep” everything from 1 wallet to another.

Some people sweep wallets to a wallet on an exchange and then back out to their own wallet to ensure all funds are in one consolidated input. This could save you a bit of fees, but you should never do that if you want to ensure your coins are always yours!

bitampcom

member

Activity: 314

Merit: 17

So, what should you know before accepting a Bitcoin payment?

I’d say, that you should always use a non-custodial Bitcoin wallet, and if possible, one that is open source. Just check that:
1. the code is available for inspection.
2. Only you have private keys, as that gives you control of your Bitcoin. If you use a wallet where the service provider has control, then you’re missing out on the best part of Bitcoin: self sovereignty over your funds!

Anything else you should know before you accept your first Bitcoin payment?

bitampcom

member

Activity: 314

Merit: 17

Quote from: LittleBitFunny on March 04, 2021, 02:27:05 PM

Quote from: Chikito on March 01, 2021, 04:51:26 AM

Quote from: Stalker22 on February 26, 2021, 02:21:23 PM

I think that's a satisfying answer.
The only thing I'd like to see is your official mobile app so there's no fear of threats associated to the web wallets when using the Bitamp Web Wallet.
A lot of people still use the Internet wrong by typing web addresses in google search instead in the address bar, and they don't even use bookmarks.

Bitamp is mobile-friendly, I tried many times to access wallet using a phone. about bookmarks, the user had a simple choice to add it to home screen like an application as ussual,

It's true that Bitamp is Mobile-Friendly and mobile version is completely okay to do all online activities,
But though I think Stalker22's proposal is a good think, there are many users who are not aware using web browser, It will be more secure if we have a iPhone or android apps like other wallets. I think Bitamp developer team are also thinking about it and hope they will release apps for Bitamp in near future.

Very fair points, and there are always drawbacks to every solution. Bitamp was meant as a simple web page (that you can even save a copy offline btw) and access extremely lightweight. Many low end smartphones can't install apps (or non google or apple products) but every low end smartphone has a browser.

Thanks for all the feedbacks though! We really appreciate them!

Topic: Bitamp Bitcoin Web Wallet - Send & Receive Bitcoin Instantly! - page 5. (Read 13678 times)