why a trading platform like this did not put an extra security measure?
Making an exchange secure is a lot harder than you think. It's not like you just sort of install an extra security measure then you're good forever. Nope. Though I don't know if how seriously they take their security, making such site is definitely difficult to make secure, knowing that you're frequently being targeted by hackers. Not only that, you'd need to be always updated on the new exploits that can be used against your site. |
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Try out Abra[1]. I've tried it multiple times and it worked decently as an alternative to Coinbase, as my country is also not currently supported by Coinbase. Have a look, I took a look and indeed Taiwan is supported. Prices are decent too. Best of luck.
[1] https://www.abra.com/ |
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1. How long did it take for a transaction to be confirmed?
I was in to bitcoin when it was at sub $700. Transactions were super quick, with pretty much almost-free fees. Transactions so fast and so so cheap that I was playing around with some sats(that I've collected using faucets), moving them between multiple wallets multiple times without even caring about the transaction fees. Transaction times haven't slowed down compared to how fast they are currently. Bitcoin is designed to have a new block found once every 10 minutes. With transaction volume today being where it was in 2015/2016 usually the mempool can get cleaned out in one single block. Because of this transaction times arepretty much the same. True. But comparing the speed in conjunction with the fees in the past? That's a different story. Bitcoin transactions are definitely a lot cheaper now compared to fees last December, but the fees are still significantly more expensive now compared to the fees before(though also taking note that bitcoin was also significantly cheaper back then) |
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I don't think checking the hardware isn't necessary. But yea, I understand if you want to be very very sure. Correct me if I'm wrong, but wouldn't the Ledger chrome plugin know if you're using a genuine product or not? Quote from https://blog.ledger.co/2015/03/27/how-to-protect-hardware-wallets-against-tampering/How does it work?
The Ledger Wallet Chrome application sends a random value to the Nano as a challenge. The Nano then signs this random value + the firmware version, using an embedded private key shared by some batches.
The Chrome app knows the public key and can verify the signature.
If an attacker switched the Nano with a replica running a rogue firmware, it wouldn’t pass the attestation test and would immediatly be rejected as non genuine.
There is absolutely no way that an attacker could replace the firmware and make it pass attestation, without knowing the Ledger private key. |
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1. How long did it take for a transaction to be confirmed?
I was in to bitcoin when it was at sub $700. Transactions were super quick, with pretty much almost-free fees. Transactions so fast and so so cheap that I was playing around with some sats(that I've collected using faucets), moving them between multiple wallets multiple times without even caring about the transaction fees. |
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I learned this forum from a friend saying that I can earn money from being part of airdrops and bounty campaigns.
🤦🤦🤦🤦🤦 Seriously. People should stop advertising bitcointalk as a "moneymaking" site. And guess what?!  I saw the list of participants (the spreadsheet) and I am the only one that has a different ETH address. I ended up joining about eight bounty campaigns and a lot of airdrops only to find out after a week that I am giving my ETH private key instead of my ETH address during the enlistment. This is what happens if you join bitcointalk with a primary reason of making money. Always try to learn things first before going diving in. Well, at least you realized your mistake. |
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Should all exchanges be decentralized? Nope. We still need exchanges that can accept and give out fiat. Though using decentralized exchanges is definitely recommended. I would always suggest using EtherDelta(even though the UI/UX is a nightmare). Good thing a few new decentralized exchanges are being developed right now, along with Binance's decentralized exchange.
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Only Binance can help you, report this to Binance ASAP they might give it back if evidence show lack of security measures from their side, last time they revert back trades came from a Phishing site trade attack.
Even if Binance finds proof that OP indeed got hacked, what can they do? The BTC was already stolen and sent to another address. I really really doubt Binance will cover the stolen BTC. The only thing OP can do is to move on and learn from the mistake. |
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Let me remind you that it went up to 20,000 dollars. A lot of people bought it at that price and they will wait to collect their profits for as long as the Bitcoin network is functioning. They will hold it. The supply of Bitcoin in exchanges will be low. So bidders will bid for supply at a very high price. That is the dynamics of pricing. You don't even know the difference between a bubble and price mechanisms/dynamics.
Bitcoin was $1 in year 2009. It looks super-HYIP in disguise. How did Bitcoin get $350,000,000,000, I fail to understand  1500% or 2000% profit in 15 years look OK. It was $1 in the past simply because barely anyone knows what bitcoin is. But now, bitcoin is slowly and surely gaining global presence. So what happens if a scarce asset gains good publicity? People buy it. Hence, the price increases significantly. |
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Bitcoin's price has crashed down multiple times in the past, so you could say that the bubble has already "popped". It even took 2 years for bitcoin's price to recover in the past. But guess what? The bubble will inflate again, and it will pop again; and this will continue to happen again and again. Is it an issue? Not in my opinion. BITCOIN BUBBLE - Andreas Antonopoulos: https://www.youtube.com/watch?v=1co_YWwDpXgBitcoin Obituaries - Bitcoin Declared Dead 300 Times and Counting: https://99bitcoins.com/bitcoinobituaries/ |
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Not sure if this would help you, but check it out just in case it's listed. A small list of bitpay alternatives: https://alternatives.financesonline.com/p/bitpay/As the title says, I am trying to remember a website name.
The site provides solutions to accept Bitcoin payments. Basically, you install the API/plugin/shortcode into your website and users can so pay with BTC. Once the payment is received you can receive the equivalent in fiat to your Papal account. It's like Bitpay but instead, your site>>your bank account it's your site>>your Paypal account
Anyone?
bitpay ? OP clearly said "it's like bitpay". Hence, no. It isn't bitpay. |
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Honestly if you made an ERC20 token and you don't have an idea on how to do things then you shouldn't be starting your own coin/token in the first place. If you're going to take things seriously, these things should've been planned out since the start.
The only reason I would advise an inexperienced person to make their own coin/token is for educational purposes only. Which obviously isn't your goal as you're actually planning on marketing your token.
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Head over to: and look for the trading guides section of both sites. Listed are a few links on guides to cryptocurrency trading. Best of luck. |
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I honestly would edit out my name in your post if I were you. It's not necessary to expose your real name here on bitcointalk. Anyway, personally I'd first go with Coindesk's A Beginner's Guide to Blockchain Technology[1]. That should keep you busy for a few days. Best of luck.
[1] https://www.coindesk.com/information/ |
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Topic: Bitcoin Price Jumps as Square Case gets a BitLicense from New York State
It's funny how we're now referring to a $100 increase as a "price jump" now. Whereas if this would be months ago then we wouldn't even notice the $100 increase.
Anyway though, Square is a huge huge deal. People already use Square, both bitcoiners and non-bitcoiners. So bitcoin being available on Square, makes purchasing of bitcoin less tedious as people wouldn't need to register on another platform like Coinbase.
Also, Like BrewMaster said, this might be the news that would slightly pull the price higher. Though people shouldn't expect this to occur in a snap of a finger. It will take time.
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Checked your posts. Your posts are too generic. Try to provide more depth and more explanations to your answers. Your posts are pretty much like:
Question: What is a hardware wallet?
Answer: A device that holds your coins.
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Print your private keys to any form of paper that you can keep for safety. Don't trust your memory even you are the champion in memory verse challenges, it isn't enough to keep your funds.
This. Even if your memory skills are top-notch, you could easily lose that skill on an accident like hitting your head hard somewhere. You can also create a file on a notepad and save it to a flash drive and don't use that drive to any computer that you don't own. Don't use it to public places.
Huge NO. This is a huge security vulnerability. Yes, you can safely secure your private keys on your computer or a flash drive, but it's a lot lot harder to do securely than just saving it in a text file. Saving it straight off in a text file is a BAD BAD idea. To store your keys on a computer safely, you'd have to make an air-gapped device; which is definitely not easy to do. Keep it simple. Pieces of paper on multiple secure places. |
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What the heck is a "greenhorn"?
It is an English word used to describe that someone is new. In short, someone who is a beginner and someone who still doesn't know the basics. Yikes. Thought it was a word that only people from a certain country could understand. I expect people to use "beginner", "noob/noobie", or "neophyte". So.. yea. Welcome, I guess? |
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