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3181  Economy / Exchanges / Re: Legitimacy of Paxful, Kraken, LocalBitcoins, other on: February 10, 2021, 11:45:21 AM
LocalBitcoins has no fees to buyers. But there are fees because the sellers charge big markups, not to mention a tremendous amount of verifications to send them. I'd be worried about identity theft more than getting ripped off on bitcoins.

What about Paxful?
With P2P marketplaces, LocalBitcoins or Paxful, buyers are not charged with fee but the sellers will be charged. As a buyer, when you open a trade, you have to agree with the offer given by the seller. Some details in offer you have to agree: rate, offer instructions, payment method and much more. After you open a trade, all offer details can not be changed.

You only can get ripped off by scammers if you are careless or you eagerly to trade with new accounts.

Quote
Binance is not possible for now. I have to get a new ID with my current address since I've moved since I got my ID. Stupid policy.
What do you meant? Why Binance is not possible for you? I see Binance is very soft with users.

What I mean is what I said, it isn't possible until I get a new ID with current address.
[I have to get a new ID with my current address since I've moved since I got my ID.]

LocalBitcoins looks too much of a hassle, plus, you have to deal with each individual when trading, so I'll pass. I've used Kraken in the past and it's fine, the layout is simple and never had any issues with it. Confirmation of my account was prompt and easy. Probably one of the best ones in Europe, with reasonable fees too.

Yes, with each seller wanting a crazy identity-risking amount of information, and located in 3rd world countries, I'm definitely passing on that, not to mention the 5%+ markup over the going bitcoin price, which is WAY more than secure places like Coinbase charge.

Seems like LocalBitcoins was good for privacy, but only until they added all the verifications, like maybe people would be willing to pay the markup for privacy. Not the case anymore.

Agreed, there's no point to use LocalBitcoins anymore, if I'm going to send a bunch of verification documents to someone random individual, well, I'd rather verify with an exchange. It's a far safer, quicker and easier option. That's why I never actually used it, the verification process in most exchanges is quick enough to not bother with any other website.
3182  Economy / Exchanges / Re: Keep bitcoin in Coinbase or move to a private wallet? on: February 10, 2021, 11:13:49 AM
Depends on how much Bitcoin we're talking about, if it's a small amount, I'd say you could actually keep it on Coinbase. If not, it's best to move them to a wallet. Also, it depends on what you are planning to do, if you're looking to trade, leave it on the exchange, if you just want to hold, withdraw them to your wallet, it's safer if anything happens, not your keys, not your coins.
3183  Economy / Service Discussion / Re: Exchanges' Trading Fees on: February 10, 2021, 10:25:19 AM
0.5% is so high a fee. I wouldn't use such an exchange to carry out day trading.
There are a number of sites which provide aggregate information of fees in an exchange (Trading and withdrawal) and help you make a comparison and see exchanges with the most pocket friendly fees.

Check out this blog by https://www.cointracker.io/blog/2019-crypto-exchange-fee-comparison. The information was last updated on January 1, 2021, that should be good enough since it wasn't so long ago
Another one is https://www.cryptowisser.com/exchanges
Great list, thanks! Found many exchanges that I had never heard about. I've settled with Binance for now, verified my account successfully and got a friend as a referral too (Will have 10% off fees, that's good). Also tried using Coinbase, had an old account but I'm having trouble verifying it.
3184  Economy / Exchanges / Re: Legitimacy of Paxful, Kraken, LocalBitcoins, other on: February 09, 2021, 07:48:31 PM
LocalBitcoins looks too much of a hassle, plus, you have to deal with each individual when trading, so I'll pass. I've used Kraken in the past and it's fine, the layout is simple and never had any issues with it. Confirmation of my account was prompt and easy. Probably one of the best ones in Europe, with reasonable fees too.
3185  Economy / Service Discussion / Re: Exchanges' Transaction Fees on: February 09, 2021, 06:25:17 PM
So you are expecting a centralized exchange to offer service for free? If an exchange offers for free then its just a scam for sure.

But Bitstamp has one of the highest fees of all exchanges. Probably to pay for all the investigations they conduct on verifying their users and to balance their earnings from a lower active user base (compared with Binance).
When user knows that Binance offers the same service for 5 times lesser than the Bitstamp he is currently using then he can simply switch to Binance if their region allows him to do. 0.5% is high for a day trader or who trade with huge capital but sometimes users are choosing those exchange over the Binance for some reasons which is unknown to me. Cheesy
I'm aware of that, Binance has 0.10% if I remember correctly, and may have further reductions after some modifications (such as Referrals, BNB). I am not dealing with huge amounts of funds, but it's a decent amount. Actually, I'm considering on moving to Binance but haven't done it yet.
3186  Bitcoin / Bitcoin Discussion / Re: I messed up and feel terrible about it on: February 09, 2021, 06:01:47 PM
Keep in mind that if there will not be any correction in the near future, there's also the chance that the 40 EUR were not the worse case.
As I said, I don't know what's going to happen next. Trading is fine only for those who can "read the trend" and can also take the safety measures to limit the loses.
Ja.
Speaking of 'reading the trend', given the nice roller coaster of the previous weeks this year I figured I should try my first round of sell-high, buy again at low trading (all my coin has been earned through mining since 2014) so last week did a 0.25BTC sell @ $38,500 to hold in my BTC brokerage act and setup up a buy-back for when it again dipped to around $32k. Looked like a safe bet  Tongue

Rather rude of Elon to screw that up... Oh well, guess only Time will tell if we can ever again buy at that price point. Until then the money stays in the trading acct. At least it (should) never equate to a loss unless everything goes to Hell in a handbasket Wink
That what I was planning to do and well, didn't go according to the plan. But from my point of view, it can't just stay at that level, there will be corrections, I guess? Won't the price fall after the Tesla trend dies down after a few days/weeks? It's something that sounds logical to me.
And I couldn't agree more, in the worst case scenario, I've lost around 40 Euros, it's definitely not the end of the world. There are others who have sold (Myself included, at some other instances) at a lower price, or have spent them in the early days.

I'm hoping for a slight correction, to buy back the amount I sold and some more to set aside.

Keep in mind that if there will not be any correction in the near future, there's also the chance that the 40 EUR were not the worse case.
As I said, I don't know what's going to happen next. Trading is fine only for those who can "read the trend" and can also take the safety measures to limit the loses.
That is correct, the 40 euros loss isn't the worst case scenario. I might end up losing more if I do not buy any time soon. This, in case it continues rising or stays at that price level.
3187  Bitcoin / Bitcoin Discussion / Re: I messed up and feel terrible about it on: February 09, 2021, 02:47:49 PM
Thank you for your replies! Made me feel a little better.

I am by no means an experienced trader, I've definitely made mistakes in the past and will probably continue to do so. I usually bought at corrections and then proceed to sell them at a higher price, sustaining a decent profit. However, that's not the case with Bitcoin. The 0.03 BTC was half of my balance which I was holding since 2014-15 if I remember correctly. Used to have approximately 0.055 BTC and sold half of it.

I can't actually remember how I acquired that Bitcoin, it was definitely not bought though. I was holding it for many years and I actually felt I was missing out, like a user mentioned.
I sold my almost last bit of Bitcoin I had, (about 0.03 BTC)

This is how FOMO looks like: buying or selling without thinking much.
If you buy back now, then you've lost about 38 EUR. If you buy back later, who knows? I don't. Maybe you'll make a better business or a worse one, depending if/when/how big a correction could be.
And I couldn't agree more, in the worst case scenario, I've lost around 40 Euros, it's definitely not the end of the world. There are others who have sold (Myself included, at some other instances) at a lower price, or have spent them in the early days.

I'm hoping for a slight correction, to buy back the amount I sold and some more to set aside.
3188  Bitcoin / Bitcoin Discussion / I messed up and feel terrible about it on: February 09, 2021, 10:12:54 AM
I messed up, big time. I don't think I've messed up that much in a long time.
I sold my almost last bit of Bitcoin I had, (about 0.03 BTC), during yesterday's new all-time high at approximately 37.000 Euros. It's definitely a small amount, close to nothing, especially when comparing to what you guys probably have, but I totally screwed up.

I did it thinking that the price would crash later on, then proceed to spend that money to buy more Bitcoin, but I don't see that happening. I should have kept my balance intact, 0.03 BTC would still be 0.03 BTC, now, in order to buy back I'd have to spend way more money than I would. I think that I might be panicking way too much for nothing, I mean it can't continue rising forever, but the thought of regret is eating me.


3189  Economy / Gambling discussion / Re: Newbie gambling sites on: February 08, 2021, 11:59:12 PM
Lots of new gambling sites have sprung up now, but not all of them are good. Indeed, you have to be careful when choosing gambling sites to
play gambling. Try selecting gambling sites that are most actively promoting in this forum, usually it's a good gambling site. And don't forget
to check the security system and withdrawal fees on the gambling site. There are several gambling sites that I recommend using, namely Bitcasino,
Bitvest and 777 coins. These three gambling sites are the best in my opinion and the most I use to play gambling.
Definitely true, there is a plethora of gambling sites, most of us are unaware which are to be trusted or not. I'll agree that most sites promoted here are legit and safe to use. Will make a list soon with information about the most well-known, legit sites, after I investigate and experience them myself.
3190  Economy / Gambling discussion / Re: Newbie gambling sites on: February 08, 2021, 10:55:40 PM
It seems @OP is already playing gambling on Freebitco.in. But we should remind @OP that he must be careful about playing gambling as there will be no back way to recover his losses money unless he has lucky. He can try many gambling sites out there, whether from this forum or by his research, but only with care, he will have a chance to prevent the losses. But if you want to play often on the gambling site, it will be related to your feelings and comfortable to stay on that site.
I actually am, but only with micro amounts, as I said, I just want to kill some time, maybe earn a few bits if I'm lucky. That's all. I am not planning on losing my money nor waste my time. I'm actually kind of thinking of stopping in Freebitcoin, I mean, it's not bad at all, gambling with the Satoshi you can earn from the faucet isn't a bad idea. However, I find the concept of multiply BTC, the jackpot etc a little too boring/plain looking.

Currently, I'm using Bustabit, due to its unique concept, it makes you anxious and to jump of your chair while observing the multiplier. It's simple but kind of thrilling, can't really explain. I've also wandered around Bitvest, I like the slots, dice (Yeah I know most of them have it) and the Plinko also looks interesting.

I need to settle down on one two, which I haven't really decided yet, one of them is Bustabit for sure, I'll have to choose one more to have some variety. I've narrowed down to a few, so probably going to be choosing between Stake, FortuneJack or Bitvest.
3191  Bitcoin / Development & Technical Discussion / Re: Lost wallet? Help me find out on: February 08, 2021, 08:33:12 PM
So far, I've recovered three wallets, one of them was intact, another one was simply empty and the last one had $100 in it.

how is this $100 showing up?
there must be either an address that has that balance or a transaction that shows this received amount. can't you use that to extract your possible address and then check it against your 12 words?
The three wallets I'm mentioning have nothing to do with the 12 word phrase I have. I am just suspecting that the phrase might be from one of the wallets I found and recovered successfully. These three wallets were online Blockchain ones, and were recovered by looking back on my old email, finding the wallet IDs and guessing the passwords.
3192  Bitcoin / Bitcoin Discussion / Re: It's not a good rise, actually it's bad on: February 08, 2021, 07:40:00 PM
I understand where you're coming from and why you're worried. You're worried that someone of influence, such as Musk, can actually have an impact on the market, and we've actually seen that happen. I've seen at least two times with Doge, and at the same time, Musk had promoted Bitcoin through his Twitter account.

However, this time, Tesla invested 1.5 Billion into Bitcoin, that explains the sudden spike in price. Still, even if that's the case, it's a controversial subject that such companies have massive impact on the market.
3193  Economy / Speculation / Re: Another ATH ( all time high) | Another Milestone | $24k BTC | Updated to $43000 on: February 08, 2021, 01:39:08 PM
Another All time high. we reached $43k  Cool


Quite astonishing, was laying on the couch and woke up to this, it was very sudden. Decided to sell some Bitcoin and try to purchase back after the bull run ends, at a lower price. Hoping to make some profit that way.
3194  Economy / Service Discussion / Re: Don't trust web wallets, don't trust exchanges, then where to trade? on: February 08, 2021, 01:12:25 PM
Not your keys - not your coins, that's 100% true but for some people, I would say: Even your keys - not your coins.

Okay, woud love to hear opinion about this from the community members.

As we know and from every logic, we shouldn't trust web wallets and also exchanges. There were a lot of accidents when exchanges were hacked and people lost their coins. Some may say - don't keep your coins at exchanges for a long time but I would say that everything happens in seconds, maybe you had access on your coins at exchanges while you were replying to this thread but once you submitted the post, exchange got hacked and coins were lost, everything happens in seconds, otherwise loss wouldn't occur.

So, how do you trade in these cases? Only p2p exchanges? But it's not flexible and you may miss a good time frames where you could profit 1-2% of your balance.
I've also had the same question as you. I've been hearing not to hold coins (Or even Fiat balance) in exchanges, for safety concerns, I don't see how you can actually do that. Not only that, but I find it a waste of time and money to have both your balance and your coins transferred all the time.

I've always used online wallets in the past (BitGo and Blockchain) and never had any issues. Currently, I have some money on an exchange and some Bitcoin, I keep investing/trading both, back and forth throughout the week, I don't see how I could actually keep them "offline". I think, that if you are using reputable sites, don't sign up on any stupid phising or scam sites, use 2FA, you'll be good to go. I might be wrong though, that's just my 2 cents.
3195  Alternate cryptocurrencies / Altcoin Discussion / Re: Elon fuels BTC rise 17% DOGE gose 8× on: February 08, 2021, 12:30:54 PM
Crypto is Elon's new playground now?

What will happen when the tweets "Bitcoin as shit as FIAT" like the last time he did?

Reminds me of McAffee too. Since he is in jail now, somebody had to fill his spot. If Elon keeps doing this, he might be cell mates with McAffee.
Couldn't agree more, it's pure manipulation of the mass. People know that such announcements/posts from someone of influence have massive effects, especially in Doge, which is a meme coin with no actual purpose. They're taking advantage of an opportunity that won't definitely last long, and may or will definitely crash at any time.

There are others who are still buying at this tremendous price, I find it stupid and way too risky.
3196  Economy / Service Discussion / Re: Exchanges' Trading Fees on: February 08, 2021, 08:28:16 AM
Bitstamp has high fees compared to other exchanges that are available. This does not necessarily mean that you must move to a new exchange because the very thought of that makes some users skin crawl. Still if you have options at hand and since this sector is a unregulated mess, you can and should look for alternatives.

Bitstamp also has threads getting posted in this forum about taking long time to verify users and doing background investigations on them. So you might want to move away from them with time. You never know when you get locked out of your funds.

Binance has been suggested here, but there are several other exchanges too. Check with your local user base and what they use commonly and go with the majority. It makes sense to have accounts in more than one exchange, a lot of reasons exist including possible failsafe in case one of them get hacked/downtime and you need to trade something from wallet.
The fees are quite high indeed, it's definitely a hassle to move to another exchange, plus, I don't know how to move my whole funds somewhere else and to avoid excessive withdrawing/depositting fees. I mean, there are other concerns that come to my mind now, what if my account gets blocked on the other exchange after a sudden large deposit, what if I have trouble verifying and so on.

I've also read that thread, I had no trouble verifying on Bitstamp a few years ago, their support was solid and prompt when I had lost access to my 2FA. However, looking back at the transaction history and summing up the fees I've paid, well, I got to tell you, it's a decent amount.

I've used Kraken and Poloniex in the past, many years ago, in fact, I couldn't even remember that I had an account on Poloniex.
3197  Economy / Services / Re: [Open] ▄■▀■▄ 🌟Bitvest.io🌟 - Plinko Sign Camp (Member-Hero Accepted)(New2) on: February 08, 2021, 08:18:56 AM
User: Ultegra134
Position to Apply: Sr. Member
Posts Start: 676
Address: bc1q7632nghs6ekc0vjv24cwkgvrpjjl4lq9tkkfxx
Earned merits in the last 120 days: 10

Have worked together in the past, would love to co-operate again.

Thank you for accepting, I confirm that my details are correct and accurate.
3198  Economy / Services / Re: [Open] ▄■▀■▄ 🌟Bitvest.io🌟 - Plinko Sign Camp (Member-Hero Accepted)(New2) on: February 07, 2021, 09:47:27 PM
I'd like to ask, is this campaign still accepting new members? 3 of us have applied, the spreadsheet has been updated but none of us have received any update on our applications. The most recent post made by the managers was mentioning that the lowest class is open for new applicants.
3199  Bitcoin / Development & Technical Discussion / Re: Lost wallet? Help me find out on: February 07, 2021, 03:03:26 PM
Isn't there a tool out there to bruteforce a sentence with one bad word?
I think so but if not I can make one quickly
Yep... btcrecover can usually work it out fairly quickly... however you need the "incorrect" seed, and a known address generated by that wallet. Sounds like the OP may not have the address. Undecided

This is the most "up to date" version of btcrecover (that has added extra features over the original by gurnec): https://github.com/3rdIteration/btcrecover

Unfortunately, that is correct, I do not even have the address. If I did, I could see if it was worthy of recovering, I cannot even guarantee that it's not another empty wallet.

So far, I've recovered three wallets, one of them was intact, another one was simply empty and the last one had $100 in it. This is a file I found randomly on my drive, the 12 word phrase could also point to one of these 3 wallets.
3200  Bitcoin / Bitcoin Discussion / Re: BTC back to All time high ..did you buy ? on: February 07, 2021, 01:10:47 PM
Me stupido sold at approximately $37.400 in order to buy again at a lower price. Well, let's just say that didn't really go according to plan. I'm planning to buy back the exact amount I sold, if the price ever falls back to that level.
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