I'm assuming OP is also a Bitcoin newbie. In which case, I don't think he/she has business in the Speculation board. It might only make him/her focus more on the price, its movement, and the faulty predictions that come along with them. I don't think the speculation board would make him/her understand the basic details about Bitcoin.

Sometimes, I think the forum is not really for Bitcoin newbies. Most of the discussions here are already focused on particular aspects and developments of Bitcoin. We discuss what's timely, what's currently controversial, what's hot, and the like. The Bitcoin whitepaper isn't even pinned on the Bitcoin discussion section nor on Beginners & Help. It's quite awkward actually that the first pinned post on this section is about "how to earn Bitcoins".

Probably not as simple as it may sound. You are requesting that a transaction, a relatively huge transaction, be reversed. That certainly takes more than just saying I've wrongly send this amount to this and that user. Even informing a user that a money deposited in his/her account is a mistake doesn't seem to be an easy step. After all, what does KuCoin hold as an undeniable proof that it was indeed an erroneous transaction? Even a signed message coming from the sender doesn't mean much. Who knows what deals, contracts, or agreements their users got into?

Anyway, if he/she was a conscientious person, he/she would have probably sent it back already.

I remember there were friends whose local exchange accounts were also blocked because of funds deposited from gambling platforms. If I'm not mistaken, there were already a number of discussions about this as well involving big names like Coinbase. Gambling is oftentimes associated with shady money. This is probably the reason why some exchanges don't want to accept gambling money.

However, to address this by using a mixer is like jumping from the frying pan into the fire. If gambling money is treated with suspicion or perhaps even labeled as tainted by certain exchanges, how much more those funds coming from mixers? Gambling is probably more acceptable than mixing. After all, gambling sites are licensed and regulated, compliant with KYC and AML policies, and so on. Mixers aren't.

When it comes to government funds, misuse is the rule. But I can only speak for my own country. It's brazenly obvious here how government officials don't really care about service or the people. They only care about making money and making themselves popular.

Government officials here don't care whether projects are irrelevant, superfluous, substandard, not even needed at all, or unfinished. What's important is that they make money out of them and they can use them to market themselves. Billions and billions are wasted and pocketed in the process.

Every now and then, we also change the design of our currency. One feature is added here, another there. But they're all useless.

I hope I'm wrong but it seems your excitement is born out of misleading YouTube videos. I doubt you were sufficiently informed and prepared by the videos you're watching. It's possible these videos are purely made to entice viewers to open accounts, make deposits, and trade on platforms which are otherwise unknown and sketchy. With this in mind, such videos make everything look so simple and easy and highly profitable when in reality it may be the complete opposite.

Anyway, if I'm not mistaken, Coinbase is available to US residents, so no need to use VPN, and they also have margin trading. If not Coinbase, you might want to read reviews on Kraken, Gemini, and other top platforms available in the US. Haven't heard of Zoomex.

I guess the keyword here is control. Surely, you can estimate whether your gambling hobby is still under your control or it is already the one controlling you. It's probably easy to measure as well. If you want to stop and you can stop, then you are still in control of it. But if you want to stop but can hardly do it even if you're already losing much more than what you were ready to lose, then perhaps it is already beyond your control. There are so many other signs. But this one is very basic. If you can't anymore say no to gambling, then it's about time to seriously ponder on it. It will turn worse if left unattended.

First of all, newbies don't mean they are newbies to Bitcoin or crypto. They're just newbies on this forum. Having said that, some could proceed right away participating in discussions about the different aspects of Bitcoin, even technical ones. Of course, it's basic to drop by the beginners and help section to familiarize the rules of the forum.

To those who are newbies to Bitcoin, however, I guess being visible shouldn't even be the goal. It's enough that they spend time reading, researching, learning. They don't have to participate in discussions even. They may raise questions. However, most, if not all, basic questions have already been repeatedly raised and sufficiently discussed. It's just a matter of searching.

But there are indeed topics which newbies can't easily participate. Meta and reputation topics might not be for them.

Which is public data? Other than those that are intentionally released by exchanges, what else is available? I'm afraid there's none anymore. Are these "your funds are SAFU" or "no customer funds are affected" or "we use leading security technologies to protect our platform" kind of statements verifiable and worth trusting? I don't think so. Do you trust these proof of reserves released by exchanges? Do you think an exchange would release something that's true but might be detrimental to their reputation? I don't think so.

Is there any way we could know the true status of an exchange? None. We should have learned lessons already. The collapse of large and reputable exchanges, those that are deemed too big to fall, happened without the public expecting and in the midst of assurances and guarantees of excellent health.

This talk of a weakening or falling US dollar has been around for many decades already. It has already been an issue long before I was born. Until now, the USD remains the king among fiat currencies. Just like any fiat currency, the strength of the USD rises and falls, but so far it hasn't died yet. The world hasn't de-dollared yet. One challenge might have appeared after another, but the USD has remained strong more or less. That's despite all the abuses and shortcomings from those who controlled it. I'm not saying it won't eventually die, but perhaps it won't be happening anytime soon.

Anyway, other than the USD and my local currency, the price of Bitcoin in other fiat currency isn't familiar to me. Although I encounter news once in a while about its price in other fiat, it doesn't stay in my head for long.

Well, I'm not a user of BingX, and I also don't know whether they have a certain threshold allowed for non-verified users, but their customer agreement is self-explanatory. It's clear and straightforward. And it doesn't say that personal information may be requested and shared if you use their P2P services. Rather, it says that "by creating an account on BingX", you agree that your personal information may be requested and shared. That's unequivocal.

A number of these billionaires were early adopters, but they're too few compared to the number of early adopters who could have amassed tens of thousands of Bitcoin at a very cheap price. These early Bitcoin investors stand out today because they hodled unlike the rest. It surely wasn't easy to continue hodling despite Bitcoin hitting one ATH after another, and despite Bitcoin declared dead many times. So, these early investors deserve their spots on that list.

The list could have been entirely different had those early adopters foreseen this era. I'm not in any way dishonoring Laszlo's noble legacy, but he, for example, could have been on that list had those pizzas weren't delivered at all.

It has been causing lots and lots of problems since its inception. And it is problematic not just for retired people but for everybody. It is problematic even to small children who are taught to save in piggy banks. It is problematic to adults who have been working hard and saving all their lives only to end up with greatly devalued money. A significant portion of their precious energy and time spent on labor are wasted because of currency devaluation.

Imagine working hard from morning until evening 6 days a week, saved much of the salary for the future, only to realize it can only buy less than half of what it could have bought when you were saving it. That isn't fair.

I'm not saying I'm hodling everything I have, but I've been hodling a certain amount since I got into Bitcoin. That's at least 8 years. In my early years, a day's growth is enough for me to ponder on selling since I've already made profit. And I've sold, although not all. Sometimes my decision was right, sometimes it was wrong. I eventually tried playing with the changes in the price. I sold; I bought back. In the end, I wasn't really earning, or at least hodling was a lot more profitable. It was hassle-free, too.

In short, I ended up hodling. It's mainly because of the lessons I've learned. You will always be rewarded in the end if you hodl. I have regrets for not completely embracing it earlier. I also have Bitcoin friends who failed because they failed in hodling. Furthermore, if only you look at the charts, there's no reason to abandon hodling as a strategy.

But we have different appetite for risk. And, as always reminded, invest only what you can afford to lose. If you're losing sleep over your investment, perhaps you're doing it too much. Or perhaps Bitcoin isn't for you.

Is this transparency enough for you? To me, this doesn't amount to much. Is there even a way for ordinary users of the platform to verify the data and claims of the report?

In general, when it comes to transparency, exchanges are always found wanting. If you rely on the information these exchanges release to decide which among them to use, you might end up a victim of marketing.

It's very common among exchanges to bloat their number of users, volume, and whatnot. It's very common for them to lie about their reserve, about how funds are safu, about how users' funds aren't affected whenever there's a hack, about how solid their security is, about how they value and protect their users' privacy, and so forth. Transparency is actually not their strength.

Exactly. There is no use complicating things. Betting and gambling basically refer to the same thing. You bet, you gamble, you are doing exactly the same thing. Making a bet on dice is the same thing as making a bet on a football match. They're both gambling. So you're actually saying the same thing when you say you're gambling on dice and football.

We are all gamblers here whether we are exclusively betting on sports matches or on casino games. I can see no gain in complicating the words we use.

Maintaining physical banks is expensive. You need to pay personnel, building rent, electricity, water, other maintenance expenses, and so on. If a bank can do away with all this, so much money is saved. These savings could, in turn, be used to offer higher interests in the digital savings of clients.

But, other than this, digital banks are becoming more attractive because it provides convenience. And, probably more importantly, they're offering very useful functions. So, not only will you avoid travels going to the banks and long lines, you have also a wallet that you can use for everything. If it's drained, unlike banks, you can easily go to the nearest store and refill it.

Avoid centralized exchanges, then. Avoid custodial wallets as well. And I'm afraid Bitcoin ATMs nowadays are also compliant with KYC/AML policies so you need to watch out. They may actually require personal information from you. Your best option is peer-to-peer services which don't ask KYC. There are centralized P2P platforms, the popular ones like Binance or Bybit or OKX; don't use them because they will require KYC. Bisq, AgoraDesk, Hodl Hodl, this forum are options. Or if you have personal friends who are also into Bitcoin, you can buy from them. I suppose these are small transactions anyway.

What they can infiltrate is the Bitcoin market, which is not Bitcoin itself. They can dominate the market but they cannot dictate on Bitcoin itself. For so long a time, centralized exchanges have always been the dominant players in the market, but to those who prefer to stick to Bitcoin's decentralized and peer-to-peer principles, they can still do their thing.

Although the principled members of the community as well as their spaces may be getting smaller and smaller, I believe they can't be totally erased. But rather than being passive, I guess some sort of active resistance is important. The wrong influence should be pushed away. I think education ang spreading awareness mean a lot.

I'm not aware of the relationship between KuCoin and MEXC, but don't expect too much from centralized exchanges offering non-KYC services. They're only non-KYC until they require you to go through it. You'd be disappointed because you already have funds in your account and they're held hostage, but it might actually happen anytime. You should know that right from the start. Whether MEXC is offering non-KYC services or not isn't the issue because KYC and AML have always been part of their ToS. The same with KuCoin. The same with Poloniex. The same with all centralized exchanges.


Are you promoting BingX? It doesn't have a good track record either. And don't be like them; don't mislead people in believing they can use such services without ever complying KYC.

"By creating an account on BingX, you agree to share personal information requested for the purposes of identity verification."^[1]

---

[1] https://bingx.com/en-us/support/articles/360033286474-CustomerAgreement/

If a game is random-based, anything doesn't matter but everything also matters. It's ironic, but if you can't have any basis on your bet because it's basically based on nothing but luck, you can turn everything as a basis for your bet. I guess that's a natural inclination to make fun out of a game that's otherwise boring.

Betting based on patterns is common in many gambling games. I myself don't believe that there's so much in it, but I also made bets according to pattern whether it's baccarat or roulette or dice and others.