I have some Bitcoin on a faucet site. What's the best app to convert them?
Don’t use an app. First, get those Bitcoins into your own wallet. Not a wallet where you have no control over. Right now you’re hostage to the site, if they run, you’re doomed.
Download Electrum or try Bitamp. Understand how to use them. Then withdraw from your service before you even start thinking of “converting”.
Topic: Bitamp Bitcoin Web Wallet - Send & Receive Bitcoin Instantly! - page 6. (Read 13557 times)
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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, 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.
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.
Someone asked us about "unspent outputs" thinking that this meant their transaction was stuck... so we decided to leave our answer to help those wondering about the same.
There’s nothing wrong with seeing "unspent outputs". Unspent output simply means that: it’s not spent. So if the transaction sending that was confirmed, then your wallet already has that amount verifiable on public blockchain explorer.
You might sometimes see this term UTXO (Unspent Transaction Outputs). This is simply proof that you have Bitcoin in your wallet!
There’s nothing wrong with seeing "unspent outputs". Unspent output simply means that: it’s not spent. So if the transaction sending that was confirmed, then your wallet already has that amount verifiable on public blockchain explorer.
You might sometimes see this term UTXO (Unspent Transaction Outputs). This is simply proof that you have Bitcoin in your wallet!
How do I make sure I don't collect dust in my wallet?
You are probably talking about coin control, and consolidating all your inputs into one utxo so that your transaction takes up less space in the blockchain.
Only a few Bitcoin wallets allow you to do this: Electrum and Bitamp are such examples.
You are probably talking about coin control, and consolidating all your inputs into one utxo so that your transaction takes up less space in the blockchain.
Only a few Bitcoin wallets allow you to do this: Electrum and Bitamp are such examples.
If you want to buy coffee every day with crypto, send and spend daily and easily, you want a hot wallet that’s easy to access from mobile yet secure enough and non-custodial. Electrum and Bitamp are perfect for this.
I don't think we can buy a coffee without overpaying it a lot with Bitamp wallet until Lightning Network is not added.
It does not make much sense wasting satoshis for that now with high fees, and with Lightning Network real question is would coffee shop even accept it.
Fair point, but only because of the current situation with mempool:) AND because BTC is priced so crazy high:)
Oh and you'd be surprised by how many people accept Lightning Network now, by the way. You should google LN stats and networks now;)
What is a safe way to store the 12-24 word recovery phrase (seed) for the wallet holding the majority of your digital assets/tokens?
Personally, I think the safest way is to keep those seeds offline, and never to store them in any way digitally unless that digital device is never allowed to connect to the internet.
People have come up with creative ways to do this. Paper is good but it’s prone to damage so think of more hardy physical ways like etching on stone or metal.
I’d back it up with committing it to memory as well;)
Personally, I think the safest way is to keep those seeds offline, and never to store them in any way digitally unless that digital device is never allowed to connect to the internet.
People have come up with creative ways to do this. Paper is good but it’s prone to damage so think of more hardy physical ways like etching on stone or metal.
I’d back it up with committing it to memory as well;)
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, 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.
If you want to buy coffee every day with crypto, send and spend daily and easily, you want a hot wallet that’s easy to access from mobile yet secure enough and non-custodial. Electrum and Bitamp are perfect for this.
I don't think we can buy a coffee without overpaying it a lot with Bitamp wallet until Lightning Network is not added.It does not make much sense wasting satoshis for that now with high fees, and with Lightning Network real question is would coffee shop even accept it.
February 26, 2021, 07:03:21 PM
If you want to buy coffee every day with crypto, send and spend daily and easily, you want a hot wallet that’s easy to access from mobile yet secure enough and non-custodial. Electrum and Bitamp are perfect for this.
I don't think we can buy a coffee without overpaying it a lot with Bitamp wallet until Lightning Network is not added.
It does not make much sense wasting satoshis for that now with high fees, and with Lightning Network real question is would coffee shop even accept it.
February 26, 2021, 03:21:23 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.
February 26, 2021, 08:39:33 AM
Quora requested us to answer this question: What are the best digital wallets for cryptocurrency?
We said:
It’s always down to your needs and requirements. If you want secure storage for crypto you won’t touch and just want to save, you want offline physical storage and hardware wallets like Trezor and Ledger.
If you want to buy coffee every day with crypto, send and spend daily and easily, you want a hot wallet that’s easy to access from mobile yet secure enough and non-custodial. Electrum and Bitamp are perfect for this.
We said:
It’s always down to your needs and requirements. If you want secure storage for crypto you won’t touch and just want to save, you want offline physical storage and hardware wallets like Trezor and Ledger.
If you want to buy coffee every day with crypto, send and spend daily and easily, you want a hot wallet that’s easy to access from mobile yet secure enough and non-custodial. Electrum and Bitamp are perfect for this.
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February 25, 2021, 02:48:53 PM
Want to be surprised? Actually a lot of people have Bitcoin just like this, not in any real type of wallet but residing on an account inside some app or company platform.
Paypal is one such “wallet”. You can own Bitcoin there, but can’t actually send it out or transfer it out. Only sell it.
What happens if PayPal decides to freeze your balance or lock you out?
Get a real Bitcoin wallet like Bitamp, Electrum or many other non-custodial types. You won’t regret it!
Paypal is one such “wallet”. You can own Bitcoin there, but can’t actually send it out or transfer it out. Only sell it.
What happens if PayPal decides to freeze your balance or lock you out?
Get a real Bitcoin wallet like Bitamp, Electrum or many other non-custodial types. You won’t regret it!
There is a common dialogue "Not your keys Not your coin",
Paypal just announce that they are adding Bitcoin on their wallet buy they prevent users to withdraw it and use it freely.
Paypal refused to give us private key, then it is confirm this so called coin is not Bitcoin anymore, it's just a numerous Number they showed on your account.
Paypal is not just a custodial wallet it is supper modified version of custodial wallet, they can Seized or freeze our funds without any reason.
One more thing there is a high risk of hacking issue, such type of custodial wallet can be gotten hacked at any time.
February 25, 2021, 08:23:12 AM
What's the best way to keep your crypto wallet hidden?
That’s actually something really important people forget to think about when using wallets, especially now that it’s really easy to pay with crypto in physical locations.
Doesn’t matter how secure your wallet is, if you use it in public, with all the attention on crypto now, thieves will immediately know you’re using a Trezor or Ledger out in the open.
Which is why hot wallets can be very useful here. A simple throwaway Electrum or Bitamp wallet can be accessed on the go, and discarded after use. Store your savings at home, use a hot wallet on mobile;)
That’s actually something really important people forget to think about when using wallets, especially now that it’s really easy to pay with crypto in physical locations.
Doesn’t matter how secure your wallet is, if you use it in public, with all the attention on crypto now, thieves will immediately know you’re using a Trezor or Ledger out in the open.
Which is why hot wallets can be very useful here. A simple throwaway Electrum or Bitamp wallet can be accessed on the go, and discarded after use. Store your savings at home, use a hot wallet on mobile;)
February 24, 2021, 07:08:59 AM
Which wallet is the safest for crypto?
It’s all down to what you need and what you want, and the way you use Bitcoin.
If you’re just concerned about storing and see it as an investment, then you really want cold storage hardware wallets.
If you’re a power user and actually use it on a daily basis, to spend and pay people, then you want something just as secure but easy to use on the go, like from a mobile.
In the latter case, Electrum or Bitamp are perfect for that, and both can give you single use throwaway addresses offline, in a few clicks, while still giving you complete privacy and own custody:)
It’s all down to what you need and what you want, and the way you use Bitcoin.
If you’re just concerned about storing and see it as an investment, then you really want cold storage hardware wallets.
If you’re a power user and actually use it on a daily basis, to spend and pay people, then you want something just as secure but easy to use on the go, like from a mobile.
In the latter case, Electrum or Bitamp are perfect for that, and both can give you single use throwaway addresses offline, in a few clicks, while still giving you complete privacy and own custody:)
February 23, 2021, 06:06:10 AM
What happens if we don't store Bitcoin in any type of wallet?
Want to be surprised? Actually a lot of people have Bitcoin just like this, not in any real type of wallet but residing on an account inside some app or company platform.
Paypal is one such “wallet”. You can own Bitcoin there, but can’t actually send it out or transfer it out. Only sell it.
What happens if PayPal decides to freeze your balance or lock you out?
Get a real Bitcoin wallet like Bitamp, Electrum or many other non-custodial types. You won’t regret it!
Want to be surprised? Actually a lot of people have Bitcoin just like this, not in any real type of wallet but residing on an account inside some app or company platform.
Paypal is one such “wallet”. You can own Bitcoin there, but can’t actually send it out or transfer it out. Only sell it.
What happens if PayPal decides to freeze your balance or lock you out?
Get a real Bitcoin wallet like Bitamp, Electrum or many other non-custodial types. You won’t regret it!
February 22, 2021, 06:17:45 AM
What are the hidden fees for a Bitcoin wallet?
There shouldn’t be any hidden charges in any wallet — if you’re using a non-custodial wallet that only you control, all you ever pay are miner fees which go directly to miners who confirm your transaction. That’s the beauty of wallets like Electrum or Bitamp — you pay exactly what you need or want to.
This is different from a custodial wallet like Coinbase or even an exchange wallet like Binance where you pay a fee THEY set, and still have no control over how much of that is precisely used to pay the fee for your transaction.
There shouldn’t be any hidden charges in any wallet — if you’re using a non-custodial wallet that only you control, all you ever pay are miner fees which go directly to miners who confirm your transaction. That’s the beauty of wallets like Electrum or Bitamp — you pay exactly what you need or want to.
This is different from a custodial wallet like Coinbase or even an exchange wallet like Binance where you pay a fee THEY set, and still have no control over how much of that is precisely used to pay the fee for your transaction.
February 20, 2021, 10:12:16 PM
Very good points. ToS are seldom customer friendly and almost every centralized service has legal points in their TOS that make it virtually possible for them to seize anything on any arbitrary season. Watch out for "we reserve the rights to" and "at our own discretion".
Companies that create centralized services would prioritize to protect their security and income first. They can try to build up mutual relationships between them and customers. Unfortunately, if in a scenario in which hey have to choose their benefits or customer protection, they will choose theirs first.Accept this fact and use their services no matter what you read ToS, FAQ or skip it.
Quote
Bitamp wallet, use it at your own convenience, use our code if you want! We won't and can't stop you!
A non custodial wallet and can be used offline. Bitamp is a good wallet to use and be my own bank. February 20, 2021, 08:25:33 AM
any 12 words valid seeds on Bitamp.
you can import 24 seed create by another wallet also.If you Generate your seeds from Bitamp then you will also be able to import those seeds to any of the above wallets, make sure that you mark BIP-39 seeds checkbox while import.
this option for electrum wallet only.Thank you for making it simple, it is really good that it support tor, for privacy reason I've to use tor sometimes.
I've noticed it supports only Bitcoin, It would be better if they add some major coins on their wallet, like ETH/LTC/BCH.
I didn't get any 2FA function too, it will make it more secure.
there had already tor onion link http://bitamptortcbtgit.onion/I've noticed it supports only Bitcoin, It would be better if they add some major coins on their wallet, like ETH/LTC/BCH.
I didn't get any 2FA function too, it will make it more secure.
February 19, 2021, 10:20:48 PM
It seems Bitamp is a growing wallet, today one of my friends ask me to import my seeds on Bitamp, Cause I was far away from my macbook and I don't have any wallet installed on my mobile.
Can someone confirm me, Which seed are compatible in this wallet? Is it support multi-signature and tor?
Can someone confirm me, Which seed are compatible in this wallet? Is it support multi-signature and tor?
I always applaud those people, who have the good habit of using non-custodial wallets.
You can use your Blockchain, Mycelium, Electrum, Ledger, Trezor's seeds, and any 12 words valid seeds on Bitamp. If you Generate your seeds from Bitamp then you will also be able to import those seeds to any of the above wallets, make sure that you mark BIP-39 seeds checkbox while import. Currently, Bitamp doesn't offer any Multi-Signature based service.
Yes, AFAIK you can login to your wallet by using the TOR network, cause Bitamp does not trace and store your browsing data and IP.
Thank you for making it simple, it is really good that it support tor, for privacy reason I've to use tor sometimes.
I've noticed it supports only Bitcoin, It would be better if they add some major coins on their wallet, like ETH/LTC/BCH.
I didn't get any 2FA function too, it will make it more secure.
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February 19, 2021, 11:10:34 AM
It seems Bitamp is a growing wallet, today one of my friends ask me to import my seeds on Bitamp, Cause I was far away from my macbook and I don't have any wallet installed on my mobile.
Can someone confirm me, Which seed are compatible in this wallet? Is it support multi-signature and tor?
Can someone confirm me, Which seed are compatible in this wallet? Is it support multi-signature and tor?
I always applaud those people, who have the good habit of using non-custodial wallets.
You can use your Blockchain, Mycelium, Electrum, Ledger, Trezor's seeds, and any 12 words valid seeds on Bitamp. If you Generate your seeds from Bitamp then you will also be able to import those seeds to any of the above wallets, make sure that you mark BIP-39 seeds checkbox while import. Currently, Bitamp doesn't offer any Multi-Signature based service.
Yes, AFAIK you can login to your wallet by using the TOR network, cause Bitamp does not trace and store your browsing data and IP.
February 19, 2021, 10:49:23 AM
It seems Bitamp is a growing wallet, today one of my friends ask me to import my seeds on Bitamp, Cause I was far away from my macbook and I don't have any wallet installed on my mobile.
Can someone confirm me, Which seed are compatible in this wallet? Is it support multi-signature and tor?
Can someone confirm me, Which seed are compatible in this wallet? Is it support multi-signature and tor?
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