Bitamp Bitcoin Web Wallet - Send & Receive Bitcoin Instantly! - page 8.

bitampcom

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Quote from: Taskford on February 02, 2021, 06:06:29 AM

But what happen? Does the transaction will go faster if we choose to select those wallet who offer lower fees? Or we will just go on the normal process where it takes long time before it will land on our personal wallet? Since if that's the case we'll I think I'd rather go with fast even if it cost much higher fees.

But anyways will explore to use this option since Exodus cost me a lot of bucks for every transaction.

Not necessarily. But with your own wallet, you select your fees, and that determines how fast your transaction confirms. In fact, with an exchange like Binance, you have two things to wait for. The first, waiting for them to actually execute and broadcast your transaction. The second, waiting for it to confirm. You have no control over the fees they decide to pay to miners. In the past, exchanges have used really low fees (despite charging you high ones). Your keys, your coins, your fees.

bitampcom

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How do I know if the Bitcoin wallet I use, like, for example, PointPay, is safe?

If it gives you sole control of your private key, then it should be safe. But the only way to be sure is to check its source code yourself to verify. PointPay isn’t open source, though, so you can’t;)

Use an open source wallet like Electrum or Bitamp. The only way you can self verify.

Taskford

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Quote from: bitampcom on February 01, 2021, 06:30:36 AM

How to avoid Binance fees? 50,000 satoshi per withdrawal!

Get your own wallet, set your own fees. Any time you use online services, you'll pay the fees they set for you. Get an Electrum or a Bitamp, and use the network when the load's not high and you'll find txs can cost as little as a few cents.

But what happen? Does the transaction will go faster if we choose to select those wallet who offer lower fees? Or we will just go on the normal process where it takes long time before it will land on our personal wallet? Since if that's the case we'll I think I'd rather go with fast even if it cost much higher fees.

But anyways will explore to use this option since Exodus cost me a lot of bucks for every transaction.

bitampcom

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Activity: 314

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Quote from: FatFork on January 31, 2021, 09:13:57 AM

Can't be a bad thing, I agree. It's clear there is a mainstream fascination with this digital currency. And so institutions will very quickly take advantage of its economic advantages, much as they did with the Internet. But, I think we should all be looking at how to get the Bitcoin economy to grow, without relying on financial institutions to do it for us.

And it's still just about 1% of the world that actually owns it, by the most optimistic estimates. To do so well now in early adoption, imagine how it'll be when 5% or 10% of the world starts using it! Bitcoin is here to stay, and here to grow.

bitampcom

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Activity: 314

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How to avoid Binance fees? 50,000 satoshi per withdrawal!

Get your own wallet, set your own fees. Any time you use online services, you'll pay the fees they set for you. Get an Electrum or a Bitamp, and use the network when the load's not high and you'll find txs can cost as little as a few cents.

FatFork

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Quote from: bitampcom on January 31, 2021, 08:22:26 AM

So are institutionals and Wall Street bad for Bitcoin?

Can't be a bad thing. Bitcoin is for everyone who wants it, that's the beauty of it. We may reach a point one day when demand is consistently above supply, hence price that will just go up and up as people want this dwindling supply of store of value. Not in our lifetime? What do you think?

Can't be a bad thing, I agree. It's clear there is a mainstream fascination with this digital currency. And so institutions will very quickly take advantage of its economic advantages, much as they did with the Internet. But, I think we should all be looking at how to get the Bitcoin economy to grow, without relying on financial institutions to do it for us.

bitampcom

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Activity: 314

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So are institutionals and Wall Street bad for Bitcoin?

Can't be a bad thing. Bitcoin is for everyone who wants it, that's the beauty of it. We may reach a point one day when demand is consistently above supply, hence price that will just go up and up as people want this dwindling supply of store of value. Not in our lifetime? What do you think?

bitampcom

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Quote from: OcTradism on January 27, 2021, 08:24:29 AM

Exactly. I don't know cryptocurrency that has a protocol that no transaction fee is given.

The zero fee that some people thought is from real fee in that coin or token but as a consequence of very low price of coin or token, transaction fee is very low and nearly zero in USD. Therefore people believed they have free transaction fee, that is not.
==========

Do you think the information for which types of BIP is supported by Bitamp wallet should be included in the FAQ page?

I believe there are some crypto with zero fees, but they don't have good utility nor proven network security (I think some of the DAG coins for example).

Good idea, I'll raise to the devs. But it'll be pretty low on their priority! The BIPs supported by all those listed wallets already cover it really:)

bitampcom

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Is Nexo a safe and reliable wallet to earn interest?

A lot of questions are getting asked about NExo and other interest bearing services and the answer is the same: not your keys, not your coins.
Nexo and others may have been around for years, but if they get hacked, or decide to scam or just get into bad luck, your coins will be forfeit.

Learn from Mt Gox. Use Bitamp or another non-custodial wallet.

OcTradism

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Quote from: bitampcom on January 27, 2021, 03:16:11 AM

Are there any crypto wallets with zero fees for sending coins out?

Unless the protocol itself specifies no fees (and almost no reliable crypto network has this), then you always have to pay fees. Some online services do provide free withdrawals, but then you aren’t in control of your funds.

With Bitamp, you can set fees according to priority. If you’re not in a hurry, use the lowest setting to pay the cheapest fees.

Exactly. I don't know cryptocurrency that has a protocol that no transaction fee is given.

The zero fee that some people thought is from real fee in that coin or token but as a consequence of very low price of coin or token, transaction fee is very low and nearly zero in USD. Therefore people believed they have free transaction fee, that is not.

I checked the FAQ page again today.

Quote

Which seed phrases are compatible with Bitamp?

The following bitcoin seeds are backwards compatible with Bitamp to access your account instantly: Electrum, Mycelium, Blockchain, Trezor and Ledger.

Do you think the information for which types of BIP is supported by Bitamp wallet should be included in the FAQ page?

bitampcom

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Activity: 314

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Are there any crypto wallets with zero fees for sending coins out?

Unless the protocol itself specifies no fees (and almost no reliable crypto network has this), then you always have to pay fees. Some online services do provide free withdrawals, but then you aren’t in control of your funds.

With Bitamp, you can set fees according to priority. If you’re not in a hurry, use the lowest setting to pay the cheapest fees.

bitampcom

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^ Thank you for your response and indeed, we are not a custodial wallet -- if you have lost access, there is no way we or anyone else can help you.

There shouldn't be any error on withdraw unless the fee is more than the input...

Stalker22

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Quote from: ?? on ??

Yesterday I deposited 0.001795. Now I keep getting error on withdraw.
...

I'm puzzled by your "deposit" and "withdraw" terminology... Are you sure you didn't confuse Bitamp Wallet with some other online service?
Bitamp is not a custodial service like exchanges or casinos, so there are no deposit or withdraw options, but send and receive as in any other wallet.

Quote from: ?? on ??

As you may se I'm trying to transfer to "bc1qmy3xnuv39rwaj30t0kdm9gaj20h5yqm6aan8xl"
In case you may execute manually the transfer of 50$, I would be glad to donate 5$ to Bitamp for the help.

Again, Bitamp is not a custodial wallet and doesn't hold your private keys so they cannot execute a manual transfer of your funds. You are the sole owner and solely authorized to execute transactions from your wallet.

Might it be better to provide a more detailed explanation of the error that happens when you attempt to transfer the funds.

bitampcom

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Quote from: Stalker22 on January 23, 2021, 04:45:46 PM

Quote from: bitampcom on January 22, 2021, 08:34:36 AM

There you go, now everyone wants you to know who you are, even when using a personal wallet that itself doesn't collect identities. Very sad news for privacy, but I suppose one must learn to abide by the laws of the countries they choose to do business with. Let's see where this goes from here.

I only have one word regarding this: DEX - Decentralized Exchange! Wink

(Is that one word or two, though?)

Agree, but we all know DEX don't have the best liquidity, and it could even potentially be more difficult for people who want to actually declare their taxes fully and crypto buying and holding (I'm thinking of the US jurisdiction especially!).

Which is why P2P aren't every good options in USA atm. What with personal surveillance on your bank account;)

OcTradism

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Quote from: Stalker22 on January 23, 2021, 04:45:46 PM

Quote from: bitampcom on January 22, 2021, 08:34:36 AM

There you go, now everyone wants you to know who you are, even when using a personal wallet that itself doesn't collect identities. Very sad news for privacy, but I suppose one must learn to abide by the laws of the countries they choose to do business with. Let's see where this goes from here.

I only have one word regarding this: DEX - Decentralized Exchange! Wink

(Is that one word or two, though?)

Many exchanges claim that they are decentralized and are classified by marketcap websites like that but they are not true DEX. Some of true DEX.
https://hodlhodl.com/
https://bisq.network/

Even if you are using a really decentralized exchange, it does not 100% mean that all your identities, information are private. At least your trade partners will have those details and no one can protect you if your trade partners save those details, sell them in future. I don't imagine why they have interest to behave like that but who knows.

Big problems with DEX are very low volume and sometimes you have to wait patiently to see your offers get accepted and opened by trade partners.

Stalker22

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Quote from: bitampcom on January 22, 2021, 08:34:36 AM

There you go, now everyone wants you to know who you are, even when using a personal wallet that itself doesn't collect identities. Very sad news for privacy, but I suppose one must learn to abide by the laws of the countries they choose to do business with. Let's see where this goes from here.

I only have one word regarding this: DEX - Decentralized Exchange! Wink

(Is that one word or two, though?)

bitampcom

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Activity: 314

Merit: 17

Quote from: FatFork on January 21, 2021, 06:11:20 AM

Bitcoin's price hit an all-time high above $41,500 on Friday, Jan 8th (13 days ago). As per the current price, we already have more than 20% discount. I don't know about you, but I love shopping at a discount!

If you're a holder and long term believer, this is the best thing to happen for short and medium term. But dollar cost average is always working out to the best advantage on the multi year plane.

As always, not your keys not your coins, so no matter what, keep your coins on a wallet you solely control;)

bitampcom

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Quote from: OcTradism on January 21, 2021, 07:50:39 AM

Quote from: bitampcom on January 21, 2021, 03:08:28 AM

And with Bitcoin, make sure you store it in a non-custodial wallet. Start small with Bitamp and Electrum to learn the ropes, before upgrading to a hardware wallet.

I agree. Non custodial wallets are the best for control of wallet and fund. The recent upgrades from Bitstamp makes it more sucks for users. It only reminds us that how important non-custodial wallets are in crypto.

You use their service, make deposits to their companies and if you don't want to prove, disclose your withdrawal address, your fund will be stucked. No privacy, no anonymity.

Quote

Bitstamp will now require Dutch users to link their identity to off-exchange withdrawal addresses.
It is one of the first major exchanges to introduce this rule.
Though the rule was introduced in response to Dutch regulations, similar regulations are under consideration in the U.S.

https://cryptobriefing.com/bitstamp-begins-track-off-exchange-addresses/

There you go, now everyone wants you to know who you are, even when using a personal wallet that itself doesn't collect identities. Very sad news for privacy, but I suppose one must learn to abide by the laws of the countries they choose to do business with. Let's see where this goes from here.

OcTradism

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Quote from: bitampcom on January 21, 2021, 03:08:28 AM

And with Bitcoin, make sure you store it in a non-custodial wallet. Start small with Bitamp and Electrum to learn the ropes, before upgrading to a hardware wallet.

I agree. Non custodial wallets are the best for control of wallet and fund. The recent upgrades from Bitstamp makes it more sucks for users. It only reminds us that how important non-custodial wallets are in crypto.

You use their service, make deposits to their companies and if you don't want to prove, disclose your withdrawal address, your fund will be stucked. No privacy, no anonymity.

Quote

Bitstamp will now require Dutch users to link their identity to off-exchange withdrawal addresses.
It is one of the first major exchanges to introduce this rule.
Though the rule was introduced in response to Dutch regulations, similar regulations are under consideration in the U.S.

https://cryptobriefing.com/bitstamp-begins-track-off-exchange-addresses/

FatFork

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Quote from: bitampcom on January 21, 2021, 03:08:28 AM

It's never too late to get into Bitcoin! Buying now and seeing BTC go back to ATH already will make you over 30%, and that's just short term. Institutionals believe in 6-figure value long term.

But always invest what you can afford to lose, like any other investment.

And with Bitcoin, make sure you store it in a non-custodial wallet. Start small with Bitamp and Electrum to learn the ropes, before upgrading to a hardware wallet.

Agree or disagree?

I agree. If you're thinking of buying cryptocurrency, now might be the right moment. Bitcoin may still be an excellent investment opportunity for those who are willing to buy it at these low prices.

Bitcoin's price hit an all-time high above $41,500 on Friday, Jan 8th (13 days ago). As per the current price, we already have more than 20% discount. I don't know about you, but I love shopping at a discount!

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