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2561  Other / Beginners & Help / Re: Can a service whose code is close sourced be regarded as decentralized? on: April 07, 2022, 01:01:20 PM
Some people may say that "Being able to spend the fund without any need to that particular wallet means that it's decentralized". Even if the wallet is open-source, this is not necessarily true. 
To me, being decentralized means that you can run the wallet from the source code and make transaction with that particular wallet without relying on a third party and a centralized server.

For example, trustwallet gives you a seed phrase which can be used for recovering all your private keys.
If trustwallet doesn't exist a day, you can import your seed phrase into another wallet and access your fund. This doesn't mean trustwallet is decentralized. Because whenever you use trustwallet, you have to connect to a centralized server. The server you connect to can know your IP address and hurt your privacy. As trustwallet is close-source, it's also possible that they have access to all your keys and are technically able to move all your fund even without your permission.


I would categorize the wallets into the following types.

1. Custodial: You give a third party full access to your fund and lose your own control. Example: Coinbase

2. Close-source, Centralized and non-custodial: You have control over your fund, but there is no guarantee that you are the only one who has access to the keys. There's also a centralized server which can hurt your privacy. Example: Trustwallet, blockchain.com

3. Open-source, Centralized and non-custodial: (Provided that the code has been reviewed) You are the only one who has full control over the fund, but you still connect to a centralized server which is not good for your privacy. Example: Mycelium

4. Open-source - Decentralized and non-custodial: (Provided that the code has been reviewed) You are the only one who has full control over the fund, there is no third party involved and you can protect your privacy. You can run the wallet without any need to a third party and a centralized server. Example:  Electrum (if you run your own server) and bitcoin core.

2562  Other / Beginners & Help / Re: How to become a maker in binance? on: April 07, 2022, 11:43:59 AM
And a bit more specific question related to that lets say bitcoin is at 45001 and I put limit order to buy it at 45000 now despite being limit order it will be most likely be filled in seconds will I still become a maker as I put limit order?
In this case, you are the maker because you make the order and someone will take the order.

Note that in every trade, there's one maker and one taker.
Maker is the one who creates the order and waits until it's filled by someone.
Taker is the one who fills the order created by a maker.
2563  Bitcoin / Bitcoin Technical Support / Re: Has anyone put unmined blocks on the blockchain network? on: April 07, 2022, 11:28:09 AM
What do you mean by putting an unmined block on the blockchain?
Do you mean you have found a block and now you want to broadcast it to the network?

What's the point of broadcasting blocks that have been mined before?
It's not that you can mine a block now and broadcast it at any time you want.
The block reward goes to the miner who solves the proof of work problem faster than others. So, your block won't be accepted by other nodes and there will be no reward for you.
2564  Bitcoin / Electrum / Re: Multi-signature wallet (not able to send btc) on: April 07, 2022, 09:24:30 AM
You can't use your 2FA wallet as a co-signer for your multi-signature wallet.
Electrum 2FA wallet is a multi-signature wallet itself. It's actually a 2 of 3 multi-signature wallet in which the user and trustedcoin sign the transactions.
Also, the seed phrase you have for your 2FA wallet doesn't work in the same way as your other seed phrase. The seed phrase created for a 2FA electrum wallet is a backup for 2 master private keys and 3 master public keys.
2565  Bitcoin / Bitcoin Technical Support / Re: A newbie seeking a helping hand on: April 06, 2022, 09:10:15 PM
All my funds are stuck in the imported bitcoin adresses i can't even make a transfer to the default wallet.
How did you import the address into your wallet?
Did you use its private key or you imported the address itself?

If you imported the address and you didn't import the private key, now you have a watch-only address and that's why you can't make any transaction.
If you imported the private key, it can be due to a bug in blockchain.com wallet. Their wallet is so buggy and I wouldn't be surprised if that's the case.

Anyways, if you have the private key of the imported address, you can import it into another wallet like electrum and make your transaction.
Note that if you have already imported its private key into blockchain.com wallet, you should be able to export it.
2566  Economy / Services / Re: [CFNP ] BestChange Signature Campaign | Sr Member+ on: April 06, 2022, 10:56:25 AM
I changed my signature and left the campaign too.
Thank you Best_Change for the opportunity you gave me. It was an honor to participate in this campaign.
2567  Bitcoin / Bitcoin Discussion / Re: Blockchain.com Wallet KYC on: April 05, 2022, 09:07:28 PM
you could only access your wallet via its unique ID, and if I'm not mistaken, if it was lost it couldn't be recovered.
As far as I know, old users had a "wallet.aes.json" file which could be used for recovering all the private keys.


This has changed now, you can now access your wallet using your email address, while it records way more data than it used to.
The other important change is that, they give users a BIP39 seed phrase which can be used for recovering the wallet without any need to their service.


P.S It also sends me a newsletter to my email on a daily basis.
Are you sure that you receive the emails from blockchain.com and they are not phishing emails?
I also have a wallet on blockchain.com. But I never receive email from them.
2568  Economy / Exchanges / Re: Binance unverified account on: April 04, 2022, 10:28:58 PM
My question to you is that why would you not trust the binance unverified account.
I won't make any deposit, because I'm not sure I will be able to make withdrawal without verifying my identity.
I remember they officially announced that KYC is mandatory for all users. So, even if it's shown that I have a withdrawal limit of 2000 dollars per day, it's still possible that they don't process my withdrawal until I verify my identity. They have full control over users fund and can do anything they want.
2569  Bitcoin / Wallet software / Re: The best passphrase on: April 04, 2022, 09:52:41 PM
I am think of the way to use the passphrase, which one is difficult to brute? By writing the words together and not give space in between, or by seperating the words?
There isn't really any difference.
A bitcoin private key provides 128 bits of entropy and there is no way to increase the security of your private key to more than 128 bits.

Let's say your seed phrase is compromised and the hacker needs to brute-force your passphrase to access your fund.
Whether you use space between the words or not, the entropy provided by your passphrase would be more than 128 bits. Even if the hacker knows that you have used a seed phrase generated by electrum as your passphrase, the entropy would be 132 bits which is still bigger than the entropy provided by a private key.
2570  Other / Beginners & Help / Re: Wallet advice on: April 04, 2022, 02:04:41 PM
Surely sucks big time, but quick reminder that such a leak would be possible on Trezor or any crypto platform(that has your info) in general.
Yesterday, it was confirmed that Trezor users email addresses has been breached. For more information, read the topic created by Pmalek.
Trezor mailing list breached
   

I saw some have pointed out "Trust wallet" as well as I also have heard about it from some other source.
Trustwallet is close-source. I recommend you to use separate wallets for each of your coins. For example, for bitcoin you can use electrum.
2571  Bitcoin / Bitcoin Discussion / Re: Blockchain.com Wallet KYC on: April 04, 2022, 12:17:00 PM
Based on what OP said, it looks like he was referring to the old era Blockchain.info wallet, which never gave one any back up phrase or seed phrase  that they could use to restore an account... Correct me if am wrong.
There was no BIP39 seed phrase in the wallets created before the upgrade they did in 2016. But users had full control over their fund.
As far as I know, in the old wallets, users had a json file which could be used for recovering all private keys if they knew the encryption password.

Again, I am not saying blockchcain.com wallet is secure. It's possible that they have access to the keys. It's also a buggy wallet with an unresponsive support.
2572  Bitcoin / Bitcoin Discussion / Re: Blockchain.com Wallet KYC on: April 03, 2022, 08:04:44 PM
because blockchain.com is not jsut a custodial wallet but an exchange.
Blockchain.com is a non-custodial wallet and exchange.
Their wallet gives you the seed phrase and you have full control over your fund. Of course, I wouldn't recommend anyone to use blockchain.com. It's close source and we don't know whether the keys are stored on their server or not.
2573  Bitcoin / Electrum / Re: Combining Blue Wallet and a watch-only Electrum wallet on: April 01, 2022, 12:35:13 PM
I imported a seed phrase from Electrum wallet to Bluewallet, any of the address of the Electrum wallet has not received any coin before, they both have the same keys and addresses, Bluewallet generated it without any address funded before importing the seed phrase.
You are right. I just tested it with a fresh electrum wallet and it worked. I remember it was not possible to import a wallet generated by electrum into bluewallet if there was no used address in the wallet.
Something has probably changed in the latest versions of bluewallet.


I do not know why he wants to make use of two wallets when Electrum is perfect for both cold storage and watch-only.
That may be because electrum doesn't support IOS.
2574  Bitcoin / Electrum / Re: Combining Blue Wallet and a watch-only Electrum wallet on: April 01, 2022, 11:11:47 AM
Note: blue wallet afaik follows the bip39 standard to generate seeds while electrum uses its own standard. So, you can't use blue wallet to recover a wallet generated by electrum from seed.
Bluewallet use BIP39 standard for generating a seed phrase. But it can be used for recovering a wallet using the seed phrase generated by electrum as well.
There's just a requirement. The wallet must have been funded. If there is no used address in the wallet generated by electrum, you can't import it into bluewallet.
2575  Bitcoin / Electrum / Re: Combining Blue Wallet and a watch-only Electrum wallet on: April 01, 2022, 10:33:47 AM
- I guess it is possible to generate a seed through blue wallet or electrum even though these devices are not connected to the internet ?
Right.
The seed phrase is derived from a random number through some mathematical calculations in your device and there is no need to internet connection for that.


- Can you confirm that if I lose both devices (the offline one and the online watch-only wallet) my heirs can retrieve my btc if I give them my seed phrase (and that they will be able to spend these btc) ?
Right.
All your private keys can be derived from your seed phrase and that's all you need to recover your fund.
2576  Bitcoin / Bitcoin Discussion / Re: Goodbye, privacy, goodbye, it was nice while it lasted. on: April 01, 2022, 10:25:51 AM
They will only be able to target centralized organizations that adhere to KYC requirements... you will still be able to use other non-custodial wallets. (Paper Wallets for Cold storage and desktop wallets)
They can also force many of non-custodial wallets to stop their service. Most of non-custodial wallets are connected to centralized servers and can shut down at any time.
For example, trustwallet is a non-custodial wallet. But there is no guarantee that it will work the next time you want to make a transaction.
As stated by pooya87, if you want a wallet which you can be sure that it will always work, you can use bitcoin core. It's open source and no centralized server is involved.
2577  Bitcoin / Electrum / Re: Combining Blue Wallet and a watch-only Electrum wallet on: April 01, 2022, 09:39:24 AM
With generating the seed phrase offline (assuming the old iPhone is clean and there is no malware in it), you can increase your security, but you don't really increase your privacy.

When it comes to your privacy in electrum, there is no difference between a wallet including private keys and a watch-only wallet. In both cases, you connect to a server to get data.
The server you connect to can know all the addresses belong to the same person and also link them with your IP.
2578  Bitcoin / Electrum / Re: Wallet adress? on: March 31, 2022, 06:59:23 PM
Go to "Addresses" tab and use one of the addresses shown there. All those addresses are yours. If you don't see "Addresses" tab, click on "View" at top of window and select "Show addresses".
You can also go to "Receive" tab and click on "New address" button. In this way electrum will show an address at right side of the window. That's one of addresses shown in "Addresses" tab.

Warning:
Before sending bitcoin to your wallet, make sure you have downloaded electrum from its official website and you have the seed phrase (a series of 12 words) in a secure place.
Also, double check the address after copy-pasting that. There's a malware changing addresses to hackers addresses.
2579  Bitcoin / Wallet software / Re: Bread Wallet now Coinbase Wallet - help needed. on: March 31, 2022, 02:32:50 PM
Don't they make a portion of the transaction fees on their hot wallet ?
In the case they want to charge extra fee, they have to add an extra output to your transaction. I haven't ever made any transaction using their wallet, but I don't think they do so.
The only fee you pay when using their non-custodial wallet is the fee you pay to miners.


....................and I don't remember providing them any of my information? Maybe (likely) I'm missing something?
Now, they know your IP address and can link it with your addresses, your previous transactions and your balance.
As their wallet is close-source and we don't know what is happening behind the scene, it's also possible that your seed phrase has been stored in their server. With having your seed phrase, they can know all your private keys, public keys and addresses.


Thanks bud, I was able to move my coins off but this is good to know.  Maybe I should post it on the Bread wallet reddit sub just to let others know.
It's still better to use electrum. Recommend them to use electrum and avoid any close-source wallet, especially coinbase.
2580  Economy / Exchanges / Re: Binance unverified account on: March 31, 2022, 12:31:56 PM
Do you use VPN or your IP address?
I've logged in to my account a few times since they forced users to verify their identity. I used a VPN from a European country at all times.


These restrictions seem to be country-related, but I'm still surprised by the $4,000 per day, especially since it's different from 0.05 Bitcoin, which means it was taken at some point between August last year and today.
I just made a search and found an announcement they have made in December, 2021.
Binance to Update the Denomination of Withdrawal Limit from BTC to BUSD

According to the announcement, the unit of measurement is no longer BTC. The withdrawal limit is now measured in BUSD.
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