Did you ever try it before and what would happen? Did Blue Wallet provide an error mentioning that the seed import didn't work or that it was a wrong seed format...?
I don't remember exactly. If I am not wrong, there was a message saying "no wallet found" or something like that. Additionally, have you checked if both wallets generate the same addresses?
Yes. I checked the addresses. Bluewallet generates the same addresses as electrum. |
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Who are the so called "qualified people " ?
A person who knows how bitcoin works and has enough coding knowledge (or at least can understand the codes) and you trust him/her. When it comes to a popular open-source wallet like electrum, you can be sure that it has been reviewed by many people. Before a crypto wallet can be called open source it means the codes are visible right?
Right. I haven't seen a crypto wallet team lying about been open source because the truth will be out in no time,
A good example is trustwallet. In their website, they claim that trustwallet wallet is open-source. But they are lying. If you check their github, you see that the code hasn't been updated in the last 4 years. as for the vulnerability part, are you saying that can be detected once?
Assuming there's a vulnerability in an open-source wallet, the more people review the code, the more likely it is that the vulnerability can be detected. |
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Isn't that a high version of Android?
I think it is, but I still think that the problem is with the OS.
You can, but unless Blue Wallet changed something in its system, the Electrum seed you import must be for a wallet that has been funded and is not empty. I don't know if it still needs to have a positive balance at the time of import or if it's enough that it had some coins at one point in the past. An empty Electrum wallet can't be recovered in Blue Wallet.
It's no longer like that. As you see in the following image, I just imported a wallet that has been generated by electrum and has never received any fund into bluewallet successfully.  |
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My conclusion is that your wallet is compromised, somebody else has scripts watching your wallet and steals your money.
Your conclusion is 100% correct. Blockchain.com explorer says that their node received the incoming transaction on January 17, 03:59:10 (GMT) and the outgoing transaction on 03:59:11 (GMT) which is only 1 second later. |
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The second link you shared doesn't work, but from what I see in the third image, it seems that your wallet has been compromised or you were using a fake version of electrum. Im not sure where to start this recovery, any help appreciated
Bitcoin transactions are not reversible and unfortunately, there's nothing you can do. Edit: Your friend sent your the 0.0662557 BTC, but you were not the one that spend the coin?
It seems so. I could find the transaction OP is talking about on the blockchain. As the outgoing transaction was made just after the receiving transaction and with a very high fee, it seems that the fund has been stolen. |
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When he installed the BlueWallet application there were no stuck or error problems during the download process on Google Playstore. But when he opened the BlueWallet application, it could be said that he could not open it because the application suddenly closed by itself.
I just made a search and found the following thread on reddit. It may be the same issue. v6.1.0 crash on launch, Android 8.0.0Isn't he/she using an outdated version of Android? |
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There should not be a problem. You can always do a test transfer with tiny amount to be a 100% sure (minimal deposit to binance is 1 sat), but I don't think that there will be any issue.
Even if binance allow you to deposit 1 satoshi, you can't do that. The output you create via a bitcoin transaction must be bigger than the dust limit. Otherwise, your transaction would be rejected by the nodes. The dust limit is 294 satoshi for segwit addresses and 546 satoshi for legacy addresses. |
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It's why I'm trying to figure out if there are obvious clues to look for to distinguish a public key from a private one.
I feel you are confusing public key with address. When you are going to receive bitcoin from someone, you should give him/her your address, not your public key. Address is the hash of the public key. A bitcoin address starts with 1, 3 or bc1. A public key starts with 02 or 03 and includes 66 or 130 characters. The most common private keys start with 5, K or L. It includes 51 characters if it starts with 5 and 52 characters if it starts with K or L. A bitcoin private key can have other formats as well. But they are not commonly used. For example, it can be in hexadecimal format which includes 64 characters of 0-9 and A-F or it can be a mini private key which starts with S. A private key starts with 6p, if it's BIP38 encrypted. I think these are enough for being able to distinguish between address, public key and private key. |
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But is the ban permanent after the first offense? Even if it is, I always think there is some right to appeal. Either way, that's not the subject of this topic.
Yes. You will be permanently banned if you make a plagiarized post and the appeals are very unlikely to be accepted. Temporary ban is usually issued for spamming. Right, that's what I thought. So how is he active today? Wasn't he banned a month ago? At least that's what I understood, but maybe I'm wrong.
That means that you can login to your account even if you are banned. |
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Q. I was thinking of using the Electrum wallet. Are there any better options?
Electrum is surely a good option. Q. Any concerns with installing the watch only wallet on my regular daily-use PC instead of the dedicated crypto PC?
The watch-only wallet doesn't contain any private key and there wouldn't be any problem unless there's someone else using that device and you don't want him/her to know you own bitcoin. Q. Are there any best practices for setting up a watch only wallet?
Unless you care about your privacy very much, you can easily import your master public key into electrum and create a watch-only wallet to see your transactions and your balance. With creating a watch-only wallet on electrum and connecting to a server, the server owner will know your IP address and can link it to your addresses. Q. The biggest risk seems to be accidentally sending the private key instead of the public key. Is that foolproof on modern hardware wallets (e.g., do you have to go through a stupid amount of work to get the private key, making it less likely to screw up) or is there something to watch out for?
Why should you to send your private key to someone instead of your address? You don't need to save the individual private keys at all. All you need for recovering your wallet is your seed phrase. Q. Do public wallet addresses always start with 1 or 3 (which something I'd read)? How many characters long are public keys compared to private ones? Is there some other high confidence way confirm the string is the public key and not the private one?
Bitcoin addresses start with 1, 3 or bc1. The most common format that is used for private keys is WIF. Such private keys start with 5, K or L. Q. What blockchain explorer would you all recommend using?
I usually use blockchair. Take note that the block explorer can watch your activity and with using a block explorer you may hurt your privacy. Q. Do I need to set-up a full node to do this (i.e., is it really necessary)? If so, should I set up the node on my dedicated computer, or on my regular daily use PC? Does it matter?
If you want to protect your privacy completely, then I recommend you to run a full node and use bitcoin core or run your own server on electrum. Take note that for running a full node, you will have to download around 450 gigabytes of data. Q. Lastly, can anyone help me understand the concept of sweeping and if it's something I need to explicitly do? Does ledger automatically take care of that?
With sweeping your private key, you send the fund from the address associated with that private key to your wallet. |
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He can do this using other name and start fresh if he just want to continue posting.
I feel you didn't get my post. With creating a new account, the banned user would break the forum rules one more time. Read the rule number 25. 25. Ban evasion (using or creating accounts while one of your accounts is banned) is not allowed.
But, now I was intrigued about this case. The user is normally only banned permanently if he repeats his mistake, or am I mistaken?
Making a plagiarized post once is enough for getting banned. |
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If his device was hacked, why weren't the rest of the wallets stolen?
There can be many reasons. The hack can be due to having a malware targeting the electrum wallet. It can be due to electrums' seed phrase gets stolen. As I said in my previous post, if you want to be completely secure, you should install your wallet on air-gapped device. Otherwise, there's always the possibility of getting hacked. |
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I remember that in 2016 when I first installed my BTC wallet from the official Bitcoin website I use a lot of data to sync and download the blockchain data
This may be off-topic, but it may worth mentioning that there is no official bitcoin website. Bitcoin isn't like a company which is owned by someone/group of people and has an official website. Bitcoin is decentralized and the users don't rely on a centralized service like a website. |
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Obviously not. If simply posting and participating on the forum was his priority, he would just do it with a newly created account. He doesn't need a Senior rank for that.
You are probably right, but it may worth mentioning that using an alternative account for posting outside meta would be considered as ban evasion and according to the forum rules, the alternative account will be banned if caught. |
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I have a question about maximum number of WOFs which you may buy for RPs. Does that number changes every day?
The maximum number of WOFs you can buy with your reward points depends on the ratio of how much you have wagered to how much you have won through the faucet. So, it's not that the number decreases to 1, just because you didn't wager a day. Click here and read the post made by TheQuin about this before. |
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To confirm, the fee was 51p and I sent £35.00
What matters is the fee rate, not the total fee. Also, it doesn't matter whether you sent a few cents or 1 million dollars worth of bitcoin. The fee rate is measured in sat/vbyte and note that the total fee you pay for a transaction is equal to the (virtual) size of the transaction multiplied by the fee rate. |
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Usually miners would validate those with higher amount before confirming yours if is smaller amount you are sending out.
Completely wrong. The confirmation time has nothing to do with the amount of the transaction. It doesn't matter for a miner how much bitcoin is sent in a transaction and as already said, they prioritize transactions based on their fee rate. Just calm do not panick,
OP's transactions has been already confirmed. Please, read previous posts before posting. |
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Your transaction hasn't been confirmed yet and there is no way to know when exactly it will be confirmed. Miners prioritize the transactions based on their fee rate. Therefore, the confirmation time depends on the fee rate you used for your transaction and the network state. How much is the fee rate you used for your transaction? Is there a way to make it faster next time?
Use fee rate estimation tools like mempool.space. |
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I just received my first Bitcoin today, and I noticed that a new bech31 address has been added to my wallet, while the previous bech31 address is no longer visible.
There is no bech31 address. What you are talking about is bech32. They are addresses that start with bc1. What will happen to my Bitcoin if I decide to transfer some sats to the former address?
You will receive the fund and there's nothing to worry about. You have numerous addresses all generated from a single seed phrase and you can use any of them. Take note that all bitcoin transactions are publicly recorded on the blockchain and anyone in the world can see them. That's why your wallet generates a new address for you, so that you can protect your privacy if you are going to receive another bitcoin transaction. |
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You are suggesting Bitcoin be represented using a smaller unit by default, so instead of BTC it is promoted as Sats or millibits?
This has the pro of making calculations easier in the long run (but would be confusing in the short term) and could also help those who still think they have to acquire whole bitcoins to fully be holders.
And as you pointed out, there is the con of difficulty reaching consensus on a decision.
Take note that the amount field of a bitcoin transaction is always filled in satoshi. So, at the protocol level, bitcoin is measured in satoshi and that's the base unit of bitcoin. Currently, we use BTC more than sat, just because it's much more easier. If bitcoin value reaches 10 million dollars one day, then we will probably use sat more than BTC. |
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