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If this is related to claiming any rewards or participating in some airdrop event, then don't even bother. They'll always ask for KYC in the end. Not that you should use multiple accounts anyway, especially if you're not managing or acting as a hedge fund or something like that.
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Almost every centralized crypto exchange needs KYC to be verified before making withdrawals from there
I think the point is this "strict KYC", not just about "KYC". I think most people won't mind if they ask for ID and stuff like that, but a source of income and salary slips are definitely not usual. I'd rather use DEX or something less strict, but hey it's a personal choice. As long as you understand the risk. |
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There is a feature called RBF to bump fees, but this depends on what wallet you're using to make transactions. Most custodial wallets don't apply this feature so you won't be able to bump the fee. The best solution is to use a non-custodial wallet like Electrum (this is popular, unless you define "popular" by having lots of ads on exchanges).
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you could in stead avoid the coming downturn in BTC and rather buy a stock that can make you very rich.
Not so sure about that, especially if the market is heavily regulated by big players. Who knows when a Robinhood move will be pulled out again and then you'll buy at the top. Instead of fighting each other, you should encourage users to diversify. I believe there are enough degens out there who will pump together just to troll the wales. |
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It sounds weird tho. Why would you put an order of 169 sats when the current price is lower than that for a limit order type? Usually, you'd put a lower price for an entry. Are you sure it's not another order type, like leverage for example?
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For those who are too lazy to check the link and see what the attack is about, here's the excerpt from the CVE database: An electromagnetic-wave side-channel issue was discovered on NXP SmartMX / P5x security microcontrollers and A7x secure authentication microcontrollers, with CryptoLib through v2.9. It allows attackers to extract the ECDSA private key after extensive physical access (and consequently produce a clone).
In short, it requires physical access and it will take some time to 'clone' your HW. It's not as if your 2FA suddenly become vulnerable when you store it in a secure storage. |
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I don't think Luno is a wallet though, it is more of an exchange imo. Maybe you should differentiate further what constitutes an online wallet and which one is an exchange before making the list. If you still believe that Luno should be listed, then technically any exchange would be eligible too since they offer "wallet" services.
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This is too harsh  , there is no way to use BitcoinCore wallet or complete the synchronization without having to completely download full blockchain? And if there was a method, how much data would I have to consume. That's how most full node works, whether it is Bitcoin or not. If you don't want to do it then you should use a light client like Electrum, as mentioned above. |
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If they want to cheat then it is definitely possible, hence why you need to trust them. But at some point, it won't be sustainable and if there's a huge withdrawal request they'll get a huge problem. It is possible that they do something and get away with it though, so it is safe to say that you if you don't want to get into trouble, might as well use a DEX or withdraw asap.
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A Stop-loss order basically means you're selling when the current price is lower than your initial buy price. If you're doing leverage trading it could be the opposite, depending on your position. Most exchanges will automatically put an order on your behalf, and as you already mentioned whether it will get executed or not will depend on whether there is a buyer or not. There might be some platform that supports instant exchanges like Coinbase (basically they're integrating with multiple liquidity providers/order book, so it technically still depends on "buyers"), but it will depends on where you live. US customers might not have that many options.
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Interesting that this one DOES have a password system.
It is not that new, other client-side wallets do this to encrypt the wallet file. But the recovery support does sound like it is different from them since most wallets that I know of don't support any of that because they don't store any file, just hosting the interface to interact with the encrypted wallet. This is why you can run it offline too. |
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Well in the end it happened, even if it is hard to imagine. I can understand though. If I bought Bitcoin so early, I probably just do it for fun since it was fairly unknown and nobody knows how far it will go, and then they forgot to check again and never bothered to check crypto again, or at some point only read the bad news.
Things would be different If I already planned to invest for the long term and believes the assets will grow in value though. Just last week ago I decided to buy a bunch of cryptos and then decide to 'quit' from crypto for a while, and see how it will go 3 years later. Hopefully, it turned into a fortune.
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Having potential user be testers is probably not a good approach.
I don't really think it is a problem as long as you make it clear that it is still in beta/testnet. They'd be able to send you some suggestions too if your platform is at least interesting for them. On top of that, you could run your own beta test program, if your budget allows it of course. |
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Might be a good practice to check out if there's any update to the software that you're using to manage your crypto, especially if the last time you check was a few years ago. Learning how to verify files and signature is also good for you.
Not only on Electrum or Bitcoin wallet software but everything. Attackers are doing lots of things from phishing to sending you fake software every now and then.
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Without a real email address, you won't be able to access your account (if you didn't back up your recovery phrase)
So does this mean they store your seed too? Or they use a hash to protect it using the password? I know Portis because one of a developer that I know use it for their apps, but didn't know they offer something like this. I thought it would be fully offline. |
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Keep in mind that if you want to issue new stablecoins, you probably have to interact with bank deposit again, and KYC. Unless you can sell some of your cryptos for USDC. Just remember that most stable coins are centralized. You might want to check DAI if you're looking for something more decentralized but limited to the Ethereum network, which at the time of writing is so busy. Be prepared to pay from $10 to $100 for each transaction you made.
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The total amount of 21mill coins has never to be touched.
What's the problem exactly? I think one of the concerns regarding when we reach the total supply, miners will be less incentivized to mine Bitcoin, and probably quit because it is no longer profitable. Speeding up the halving would probably increase the speed of that going to happen no? Not to mention with the current stock-to-supply ratio, I think we're seeing a pretty much stable increase in supply, and it does not affect volatility that much. |
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