Is there any article on how this works? Was this just software that generated fake addresses? Or did the scammer actually go through the effort of forking ledger live app, building his own version so that receiving addresses are just his?
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That sounds bad, so we also don't know how much bitcoin they have? including casinos and centralized exchanges also the same? the numbers written on our account are just fake bitcoins? can they use the bitcoins we send them for their needs? As long as there are no major withdrawals on the exchange, no one will know that our bitcoins there have been used. Could that be true?
Well, now after the whole FTX thing, many exchanges have shared their hot/cold wallets addresses, so people can see how much money the exchange has. Now, is there a proper way to know whether that amount in those addresses equals exactly the amount of user's holdings? No, not for most exchanges anyway. As for your second question, then the funds never really sit at the address you send funds to. If you were to try and send BTC to your Binance's address for example, and then recheck that address in a blockexplorer a few minutes or hours later, you will see that the funds were moved (maybe to the exchange's hot wallet, or to another user who requested a withdrawal) and then, if you make a withdrawal request, your funds will come from somewhere else.
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Yes, that's correct. They can't send you "real bitcoin" whenever you click the "claim" button because the fees for that would be higher than the amount they're sending, and you'd also need to deal with confirmation times. It's pointless with a custodial service anyway.
This is no different than the approach exchanges and casinos use. It's just a number in their database that keeps changing, and once you make a withdrawal request, that's when they send you the funds.
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thanks for the valuable information , this mean the seedphrase are weak and more likely to fail with brute force? so actual passphrase is recommended but really i do need it or it just optional military grade thing for wallet ? i have second pin for blockchain wallet , any highly established online wallet that provide passphrase ?
i run my machine with linux distro . attacks are not common .
That's actually not what I meant. The seed phrase will be impossible to brute force regardless of the wallet you're using. The passphrase I was referring to, is a "custom word" (optional) you can add to your seed and memorize, that way, even if someone finds your seed written down, the hacker will just find an empty wallet since he doesn't have access to the custom words you've added. Unstoppable wallet should support passphrases as mentioned here: https://unstoppablewallet.medium.com/whats-new-version-0-21-c247a09d8b05
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You can't tell. You can use the same private key to generate an address on both Ethereum's and BSC networks, and then just use a different RPC to connect to those networks. And that's basically how all wallets and exchanges work. They give you the same address across all networks. If you want to know on which network the address is "active" I believe BlockScan should help you achieve that: https://blockscan.com/
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thank you
what do you think is more secure exodus or blockchain app/website ? or it doesn't matter at all as long the seed with me
The seedphrase will not help you protect your wallet against unauthorized access (unless you add a passphrase to it, but neither wallet supports that). It will just help you recover your funds. As mentioned above, both wallets are closed sources so there's is no way to know for sure, but assuming both of them are being honest, Exodus might be better in terms of security if you trust your ability to keep your machine safe since Blockchain does keep a backup of your wallet in their servers.
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I could be wrong, but maybe this is from Blockchain.info old wallets. See if your string looks similar to this?: https://bitcoin.stackexchange.com/questions/119979/decoding-a-base64-wallet-from-2014Also, regarding your 32-character string. Could you show us a few characters from it? It could possibly be either a Bitcoin address or a blockchain.info wallet ID (which I believe should have 36 characters if you include the 4 dashes).
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I'm not familiar with neither exchanges you mentioned but assuming they're legit and you have delt with them before...
Exchanges usually require a certain number of confirmation before crediting the funds to account, or allowing you to withdraw. It's never more than 6 confirmations. If you still can't see the funds in your account, you should check with exchanges support team, they are the only ones who can help you.
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I don't use the wallet anymore but I don't think it's supported. This issue has been opened in 2018 and it's still opened: https://github.com/Samourai-Wallet/samourai-wallet-android/issues/181Which phone are you using though? Maybe you can use "Dual apps" and run a new instance of the wallet instead. I tried doing that with other wallets before, and it works fine.
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It doesn't matter if they don't you the ability to export your private keys. A lot of wallets don't do that, but your private keys is derived from the seedphrase, which is all you need to recover your wallet in case Blockchain.com goes down.
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Well first, you should understand that the 1 million downloads are not necessarily all SafePal S1 users. That mobile app you're referring to can work without the hardware wallet.
Now, even putting the fact that it's closed source aside, the wallet is just horrible. I did buy one some time ago back when it was even cheaper than it currently is, and I think the UX is just bad. It's probably the last wallet I would recommend anyone to buy.
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Gemini seems to have a lawsuit against them as you have mentioned, you don't want to wait and see what the outcome of that would be. Withdraw your funds and use another platform. If you're from the U.S as I think you are, try Coinbase. I have a cold storage wallet but am not yet comfortable with it. Maybe I need to work that. My thought is to put a small amount into the cold wallet, create a new account with Binance, or Kraken, or someone, then transfer to there and see the coins pop up. I suppose that will take two transaction periods which I think are about 10 to 15 minutes each. Is that a reasonable plan?
. You should probably keep your funds in your hardware wallet as long as you're not trading. Not sure which device you're using but most reputable HWs are pretty straightforward and simple to use, just like software ones, the only difference is that you need to authorize the payments from the devices
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As mentioned above. It looks like a connection issue. After checking that he's online, could you ask him to go to the settings -> Network -> Electrum server and make sure it says "connected" in green?
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Hi, can you help me with installing btc wallet?
Not sure why you deleted your post, Husna has already provided you with the links you need to install Electrum (see the post above). If you have another wallet in mind, tell us its name so we can give you the steps to follow.
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It was like bitcoin and that is it. Application on Debian Linux to try. Not like website at all. It had login and password much like website. It was like decade ago (2013-2014) I am not sure. It was unimportant at all but now I think reclaiming would give some gains. I might try to remember better. Already tried to look Debian software lists. Something very close to bictoin-core. Could you look for "Electrum" or "Multibit" in Google images? Neither looked or had a "login" like a website, but doesn't hurt to check. I doubt that finding the software used would be of any help though. Because if you only have account name (not sure what you're referring to by that but I would imagine the address?) and the password and you have no seedphrase to restore your wallet, then... you would still need to have access to the wallet file but you're saying you no longer have access to that computer. Are you sure it wasn't Blockchain.info? It was quite popular back then.
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