Could you post the TXID of both the first as well as the second transcation? That would help.

I think I have seen someone here saying that it's not possible to bump fees for imported wallets (when using Bluewallet) but if you managed to do that, I would imagine you should be able to cancel the transaction as well[1]. Did you by any chance get any messages telling you that you're about to finalize the transaction when you first bumped the fees?

[1] https://twitter.com/bluewalletio/status/1263038542340591617/photo/1

The private keys are derived from the seedphrase. If you have an address private key, you will only be able to recover that specific address. If you have the seedphrase however, you should be able to recover your entire wallet with all of the addresses inside of it.

I'm not sure I understand the second question though.

The fees you paid (+50 sat/byte) are not that low so I would imagine you should have your transaction confirmed within the next few hours.

Does the address that's sending the funds belong to you, or does it belong to some centralized service?

So I have a friend who wants to convert a large amount (probably around 30-50K worth of crypto) to fiat currency (preferably EURO though). He's not a Turkish citizen though but I believe he has a residency there. Obviously, he doesn't mind going through the KYC process.

I want to know what's the best (fastest/cheapest) way to convert those funds and what are some of the difficulties he might face.

1. Are there any local exchanges in Turkey that one could use but still get EUR or USD instead of Turkish Lira?
2. How about cash? Is it legal and is it possible to find people to trade with for such amounts? I checked Binance P2P. There are multiple offers but for TRY only. If you receive that, could you just withdraw the Lira directly in EURO?
3. I would imagine? that as a last resort, one could always use any exchange that supports SWIFT but I'm not sure what would that look like in terms of fees.

Thanks for the feedback but SideShift is already listed on the OP. But  if you're trying to find the best rates, I just came across this service on /r/CryptoCurrency:

https://orangefren.com/

It will also show you the KycNotMe score, as well as the exchange's KYC policy.

From reading the article, I got the impression that the author is referring to the password you would add to protect your wallet, rather than "the passphrase" I was referring to which is something else. See this article, it should help you understand things better: https://bitbox.swiss/blog/optional-passphrases-benefits-and-risks/

As for your second question, the Unstoppable wallet is not available for desktops right now. I second the suggestion above for a multicoin open-source wallet, Trezor would be a good choice.

Why did they block the account. Did they mention the reason? Or this was back when they implemented KYC and you want someone to go through the process for you?

The latest articles are now saying it's +100M $[1] and Justin is now offering a 5% bounty to the hacker[2]

A bit off-topic but am I the only one who remembers very low trading volumes (even after shutting down and relaunching)? According to CoinGecko, the exchange now has ~500M/24h. I find that very hard to believe for an exchange that you barely see any mention of anymore.

[1] https://cointelegraph.com/news/poloniex-exchange-hack-60-million-drained-5-percent-bounty
[2] https://twitter.com/justinsuntron/status/1722951876986204259

Thanks, I appreciate the offer but as I said before, I was sending the funds to somebody so I don't really need this done myself. Besides, it seems like their fees for converting BTC to fiat are very high, at least if you're comparing it to P2P trading so overall, doesn't look like using Revolut's crypto services is really worth it.

Regarding the first point you mentioned, apparently, they're planning to publish "real-time" reserve data in the upcoming years[1]. Not sure if that's going to be something that they could easily "fake" or not?

As for the "other things" then my problem is with the centralization. I know they claim to only use it when a service gets hacked, and the hacker converts his funds to USDT. but the fact that they are able to freeze any address any time they want is a bit scary.

[1] https://www.coindesk.com/business/2023/10/20/tether-will-publish-reserve-data-in-real-time-in-2024-report/

I don't think there are any reputable mixers that exist for USDT, simply because USDT is way too centralized and your address could get frozen.

I'm guessing you're just trying to hide your balance from another individual? If so, then deposits/withdrawals to another address could serve the same purpose.

The fees are skyrocketing because of ORDINALS and Binance listing Ordinal token, if I'm not mistaken.

With 40 sat/byte you should expect your transaction to get confirmed soon, or you can increase the fees a bit more. See here: https://mempool.space/

Thanks for your detailed response.

I would like to know more about the recovery process (which I believe is not available yet?) and how secure it is. and how difficult it is for someone (a hacker) to gain access to your wallet from either your device, or on another device since from my understanding, this whole passkey process uses your hardware, meaning even with your fingerprint/faceID, your wallet cannot be recovered elsewhere, but how would that work if you lose access to your phone?

I read the FAQ, but maybe you can give more details on all of that?

كما ذكر الاخوة، للمستخدم الحق في انشاء أكثر من حساب واحد في المنتدى، وليس عليه ترك أي تقييم في بروفايله ان لم يرد ذلك لكن و على حد علمي، بعض المستخدمين يقومون بذلك لاثبات أن الحساب الجديد تحت سيطرتهم و أن الحساب ليس بعضو نصاب.

المشكل ليس في امتلاك حساب ثاني بل في ال ban evasion.  أي شخص يمتلك أكثر من حساب، ليس له الحق في استخدام حساباته الأخرى أو انشاء حسابات جديدة في.

أما بالنسبة لحملات التوقيع قمعظمها لا يقبل نفس الشخص بحسابين مختلفين، لكن ان كان الاشتراك في حملتين محتلفتين، فهذا ليس بمشكل.

It's definitely not something I would use, and whoever sent you the site is probably not someone you should trust. Just use Binance as you were going to, and then withdraw your funds to a personal wallet.

I'm curious as to what's the motive behind adding RUNE? Are you planning to implement Thorchain for cross-chain trading for all pairs? or just RUNE ones? I also want to know, if you're going to use Thorchain directly, or simply use Thorswap?

Yes, I would imagine that the site would also support sending funds to legacy addresses. Most exchanges I know would pick the network for you once you paste the address though, so you probably won't have to do anything anyway.

Besides, Not sure which exchange you're using but even assuming  (even though it's unrealistic) that the exchange doesn't support a legacy addresses, you'll just get an error. It's not like they would take your funds and never send them to your address.

First, I would like to start by saying that I'm not affiliated with this project in any way.

It's just a project that I have been keeping an eye on for some time because I found it to be interesting, and they just officially launched on the main net a few hours ago, so I thought I'd share[1][2].

The app is a non-custodial multi-coin wallet (currently only supports Ethereum, Polygon, and the Nervos network) but should support BTC, SOL, and other coins later.

Unlike other wallets, this wallet uses passkeys. You don't need an email, a phone number, seedphrase, or any of that. See here for more info[3].

I'd like to hear your thoughts on this? I just started using it and will make sure to post updates as they add more features and coins.

EDIT: Moved this to the wallet software board, as the developers are now supporting Bitcoin (SegWit, Taproot) and working on a Bitcoin layer 2 solution (RGB++).

[1] https://joy.id/
[2] https://docs.joy.id/guide
[3] https://joy.id/faqs

I second the above suggestion. If you don't mind going through KYC, I would go with Binance P2P. There are no escrow/trading fees, it has both BTC and USDT and most importantly, there are plenty of offers and individuals you can deal with.

So here's a funny update about this whole situation:

The individual I sent the funds never followed the "verification process" but received a notification on the 3rd of November (a month from the deposit) that his funds were available, and he managed to sell them and transfer them to fiat.