In my opinion if you’re planning to do daily transactions better go for hot wallet.
Topic: Keeping coins on Wallets (Read 583 times)
You have very good points but Binance could pay its users back because they didn't really leave the exchange behind due to lack of better alternatives and since they weren't still enforcing KYC like they do today. So they could continue making money and paid them back slowly.
Another point worth considering is how much was hacked and stolen in relation to the amount the exchange earned at that time. Even though Binance lost $40 million worth of crypto, they make much more than that and can afford to pay it back from their own pockets. If the stolen sum was something crazy like $400 million worth of BTC, we would maybe have seen a different ending to that story. 
He certainly doesn't put his customer's interests above his own, but by refunding millions of dollars worth of BTC, he has placed himself in a position where people will gladly return and use his exchange instead of something else. That doesn't have to mean anything, but still.
You have very good points but Binance could pay its users back because they didn't really leave the exchange behind due to lack of better alternatives and since they weren't still enforcing KYC like they do today. So they could continue making money and paid them back slowly.This may not be repeated if such hacks happen again, users may leave the exchange behind as it would be another incentive for them to seek an alternative (KYC enforcement being the first, shutting down accounts or blocking deposits for "taint" would be next).
When we are talking about Binance, the past hacking incidents have proven that this exchange is the best place where you can get hacked. It seems very weird saying that without further explanation. When Cryptopia was hacked, that was it, they were done. Binance was hacked a few years ago and their customers lost over 7.000 BTC, worth $40 million at the time. Those losses were refunded to the affected users and Binance is still going strong and belongs to the top #3 CEXes in the world.
That's true but the problem is that you can never predict the future what is happening in their business. For example mtgox wasn't #3 CEX, it was #1 and didn't have silly 10%-20% of total daily trading volume it had more than 85% of the total trading volume among all existing CEXes and yet we saw what happened to it in the end.It is also worth knowing that centralized exchanges like Binance do not guarantee safety and return of the money you are keeping with them. They will always give you all kinds of fake assurances but in reality they can choose to not pay you in case they were hacked and lost your money. You had also agreed to thtose terms when you signed up!
When we are talking about Binance, the past hacking incidents have proven that this exchange is the best place where you can get hacked. It seems very weird saying that without further explanation. When Cryptopia was hacked, that was it, they were done. Binance was hacked a few years ago and their customers lost over 7.000 BTC, worth $40 million at the time. Those losses were refunded to the affected users and Binance is still going strong and belongs to the top #3 CEXes in the world. 
Is there any kind of fraud/scamms purchasing or trading on Bisq? I mean if i choose offers from seller and will make fiat or money transfers what makes guarantee that he will transfers amount of purchased BTC?
You can get scammed by third party in some cases, for example if you arrange face to face meeting in some dark corner, you can get robbed and attacked.Other way to get scammed is if you accept some payment methods that are not supported in Bisq because of chargebacks, like Paypal and credit cards for example.
what makes guarantee my transferred money will not lost and i will give me my purchased btc?
Bitcoin you trade in Bisq exchange is secured with 2-of-2 multisig, and both traders are required to pay security deposits that are later refunded after trade was completed.I think this enough to make trade secure but you can always open disputes if something goes wrong.
For more question on Bisq exchange, better ask their community for support.
May i add one more question about Bisq?
Is there any kind of fraud/scamms purchasing or trading on Bisq? I mean if i choose offers from seller and will make fiat or money transfers what makes guarantee that he will transfers amount of purchased BTC?
what makes guarantee my transferred money will not lost and i will give me my purchased btc?
Is there any kind of fraud/scamms purchasing or trading on Bisq? I mean if i choose offers from seller and will make fiat or money transfers what makes guarantee that he will transfers amount of purchased BTC?
what makes guarantee my transferred money will not lost and i will give me my purchased btc?
Just wondering, what host OS do you use?
My OS is Arch Linux Based. I am running Virtualbox and Whonix OS with Tor. |For online safety and privacy its great.Sounds good to me assuming you're willing to setup and maintain rolling-based linux distro. Just remember newest linux kernel might not supported by virtualbox for some time.
Thanks for advise. really i had not had idea about Virtualbox support. So its good to use always a LTS linux version with stable and maintained kernel or roll back if something happens.
I chose VB coz its open source and not hunger of resources.
As i reading here and on other forums there are no safe place on WEB/WWW. All sites are under attack all day. And no one is safe and once all fails as it happened to cryptopia.nz or .com. hope that never happens again and all exchanges will do their bests to keep customers and themself safe.
For a trusted wallet
Can you use binance?
Because binance has Google 2FA which makes secured more secure, requests when different IP logins, and login email codes
Binance is not a trusted wallet, it's just centralized exchange used for exchanging coins and fiat, not for holding coins.Can you use binance?
Because binance has Google 2FA which makes secured more secure, requests when different IP logins, and login email codes
2fA, IP logins and other bs means nothing if we know the fact that Binance was already hacked multiple times, all documents got leaked and sold on internet.
Many of us could see images of people holding passport circulating in internet for free, so it's obviously not a trusted place.
More or less depends on the user himself, I think everything is safe, as long as we keep the mnemonic pharse from being owned by others
You wont get far with thinking like that, and you can think whatever you want for yourself but don't spread your wrong ideas to other people please.Mnenomic phrases are not owned by you as a customer if you use any of the centralized services you mentioned before.
For a trusted wallet
Can you use binance?
Because binance has Google 2FA which makes secured more secure, requests when different IP logins, and login email codes
Binance is not a trusted wallet, it's just centralized exchange used for exchanging coins and fiat, not for holding coins.Can you use binance?
Because binance has Google 2FA which makes secured more secure, requests when different IP logins, and login email codes
2fA, IP logins and other bs means nothing if we know the fact that Binance was already hacked multiple times, all documents got leaked and sold on internet.
Many of us could see images of people holding passport circulating in internet for free, so it's obviously not a trusted place.
More or less depends on the user himself, I think everything is safe, as long as we keep the mnemonic pharse from being owned by others
You wont get far with thinking like that, and you can think whatever you want for yourself but don't spread your wrong ideas to other people please.Mnenomic phrases are not owned by you as a customer if you use any of the centralized services you mentioned before.
By the way why are they only testing Android builds and not desktop?
It might be because they only focus on 4 different category (Bearer Token, App Store, Play Store and Hardware Wallet).
My plan is like this. i wanna use Whonix on VM and setup Electrum wallet for keeping and bisq for purchase BTC.
Just wondering, what host OS do you use?
My OS is Arch Linux Based. I am running Virtualbox and Whonix OS with Tor. |For online safety and privacy its great.
For a trusted wallet
Can you use binance?
Binance is not a wallet, it's a centralized exchange. Exchanges should not be used as places where you store your coins. It's purpose is in the name - an exchange of assets. Can you use binance?
While it doesn't happen every day, the store could burn down overnight, some employee could steal the bag (or some customer, but that's harder in the exchange scenario). But you get the idea; you wouldn't leave your groceries at the store either or the new PC you bought and hope to pick it up at a later time when you need to use it.
Because binance has Google 2FA which makes secured more secure, requests when different IP logins, and login email codes
More or less depends on the user himself, I think everything is safe, as long as we keep the mnemonic pharse from being owned by others
If you use Binance to store your funds, you're literally leaving the groceries in the store. You can't get them if the store is closed, denies you access, burns down or goes bankrupt.More or less depends on the user himself, I think everything is safe, as long as we keep the mnemonic pharse from being owned by others
It doesn't matter that they make it harder to log in using 2FA and such; you don't have actual ownership of your funds. That's what matters.
The available hardwallet list itself has various brands
You can see here
No idea what that is supposed to be, but it's not a list of hardware wallets. Ratimov has made a great one for this forum, so there is no need to look elsewhere.You can see here
[BIG LIST] Hardware wallets (80+)
For a trusted wallet
Can you use binance?
Binance is not a wallet, it's a centralized exchange. Exchanges should not be used as places where you store your coins. It's purpose is in the name - an exchange of assets. Can you use binance?
I think everything is safe, as long as we keep the mnemonic pharse from being owned by others
And how do you do that with coins stored on Binance and similar platforms? Where is your Binance recovery phrase? 
~snip.
First for questions that are aimed at security on crypto wallets, you can choose to use a hardwalletThe hardwallet itself has a good function in securing the assets we have / you could say this is the wallet of the future
The available hardwallet list itself has various brands
You can see here
The answer to the next question I am more in favor of the exchange server
Due to reducing it, it is likely to be used for shopping or buying necessities.
For a trusted wallet
Can you use binance?
Because binance has Google 2FA which makes secured more secure, requests when different IP logins, and login email codes
More or less depends on the user himself, I think everything is safe, as long as we keep the mnemonic pharse from being owned by others
nice guides from you and very informative.
My plan is like this. i wanna use Whonix on VM and setup Electrum wallet for keeping and bisq for purchase BTC.
My plan is like this. i wanna use Whonix on VM and setup Electrum wallet for keeping and bisq for purchase BTC.
Actually they tested 4.1.5 which can be seen in "The Analysis" section and this was happening due to a bug in the build process which ignored the packages I think.
You are right, I didn't pay attention to that. If you click on the older reviews where it says "(show 2 of 4 reproducible)", you can see that they tested version 4.1.5.0 two times. The first time was on 19 July 2021 when it was tagged as reproducible from source. The second test was on 21 January 2022 when Electrum was given the verdict non-reproducible. The info on the site says that the last analysis was today. I wonder why they haven't tested the latest version.
I didn't verify it myself to confirm it but according to Electrum's release notes: https://github.com/spesmilo/electrum/blob/master/RELEASE-NOTES, they started supporting and releasing reproducible builds for Android too, and this since version 4.1.3
Apparently not according to updated data on Wallet Scrutiny. The last version they tested was 4.2.1 (the app was analyzed today) and it's still showing that the binary is non-reproducible from the provided source code.By the way why are they only testing Android builds and not desktop?
I didn't verify it myself to confirm it but according to Electrum's release notes: https://github.com/spesmilo/electrum/blob/master/RELEASE-NOTES, they started supporting and releasing reproducible builds for Android too, and this since version 4.1.3
Apparently not according to updated data on Wallet Scrutiny. The last version they tested was 4.2.1 (the app was analyzed today) and it's still showing that the binary is non-reproducible from the provided source code. Jump to: