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4021  Bitcoin / Bitcoin Technical Support / Re: I sent usdt to btc address. Can anyone help? on: July 05, 2020, 09:18:07 AM
I thought OP mistakenly sent his USDT to BTC address on OMNI layer. Even it is, recovery is not easy, depends on willingness to help of owner (that likely is exchange) and with not small costs will be charged.

I quoted my post and a perfect explanation from Danny Hamilton on same problem.
There are three chains for USDT now: Omni layer that is built on Bitcoin blockchain; ERC20 that is built on Ethereum blockchain, and TRC20 that is built on Tron blockchain.
ERC20 tokens have the address format of Ethereum address, but they are not ETH. More important, the problem of OP is he does not have any control on private key or mnemonic seeds of the address. In crypto "Not your keys, not your bitcoins; not your keys, not your crypto; not your keys, not your funds".

It is not a discrimination between global and domestic exchanges but domestic exchanges tend to be small and their supports probably not good enough. Moreover, big exchanges do not mean that they must or always provide such recovery services for users. If they have such recovery services, the fees often are high. If fees are higher than what people can get back, it is out of luck again.
Here are some very important concepts to learn if you are going to continue to use Bitcoin. Please take a moment to read through this post:

The reason that "blockchain" couldn't help

The company called blockchain that runs a website called blockchain is not THE blockchain.  Imagine if I were to create a company called "Internet Services", and that my company has a website that lists the names of all the internet email providers that I know of.  That doesn't mean that I am in control of THE internet or of any of those company's email services.  If you were to send an email from Google's gmail service over THE internet to someone else's AOL email address, and that email were to fail to arrive...  Calling my company that publishes the list of email service providers isn't going to accomplish much.  I'm not Google (the provider that you sent from). I'm not AOL (the provider that you sent to). I'm not THE internet (the technology that you used to send the email).

That's what happened when you tried to contact "blockchain".  There is a company called "blockchain". They provide a website that lists all the blocks that they know about in THE public blockchain. That does not mean that they are in control of the blockchain, or any of the services that make use of that public blockchain.  When you sent bitcoins from Coinbase through THE blockchain to someone else's service and those bitcoins failed to arrive... Calling the company that publishes the list of known blocks isn't going to accomplish much. They are not Coinbase (the service provider you sent from). They are not the service provider that you sent to. They are not THE blockchain (the technology that you used to send the bitcoins.

It can be confusing that there is both a technology called blockchain and a company called blockchain.  The company did not create the blockchain (they came along later and just named themselves after the existing technology).


The reason Coinbase couldn't help

Coinbase provides you a place to acquire bitcoins, and sends them elsewhere on your behalf.  Bitcoins are not an electronic "account" like you are used to with a bank.  It works more like an electronic representation of a CASH (paper and coins) transaction.  If you pay someone $100 with an electronic account (like a credit card) you can contact the company that provides that account and they can cancel the transaction.  If you hand someone a $100 bill, and they walk away...  The money is gone.  There is nobody to call.  The only person that can give you that $100 back is the person that you gave it to.  When you "sent a transaction from coinbase" what actually happened was that you asked coinbase to give some of the bitcoins that they were holding on your behalf to someone else (more specifically, to a bitcoin address that was not under their control).  Once they turned over those bitcoins, there isn't anything coinbase can do to get them back.  The only person that can give you the money back (or access the money at all) is the person (or company) that controls the address that you sent to.


The reason the receiver is having difficulty getting their service to fix this

Managing control over crypto-currency requires the use of digital keys.  Each address has a key that will allow controlling of any funds at that address. The ONLY way to control those funds is with that key... AND... ANYONE with control of that key (or a copy of that key) can control those funds.  Now imagine you run a service (similar to Coinbase) where you are managing the funds of thousands (or millions) of people on their behalf.  That means your service has thousands (or millions) of keys to keep secure. If a disgruntled employee can get their hands on any of those keys, then they can steal funds from your customers.  Therefore, you need to have extremely strict control over who can access the keys and how they are accessed.  Also, if you were to lose any of those keys, the funds would become permanently inaccessible.  It is possible to copy keys, but it is not possible to re-create a key without a copy of the original. Scammers, thieves, and other criminals will contact the service regularly, pretending to be a customer with an unusual situation and ask them to do something out of the ordinary with the keys in hopes of gaining control of the funds or tricking the service into sending funds.  It is this high level of security and caution with their customer's funds that makes it time consuming and difficult to subvert their normal security processes to acquire a BTC key for a BCH address.  Because of the time, difficulty, and risk... many services will either refuse to help or will require a significant fee to help in a situation like this.

However, the receiver's service is the ONLY entity that CAN fix this

Since the receiver's service is the entity that controls the digital keys of the address that you sent to, and since it is impossible to control funds without that digital key... You are at the mercy of the receiver's service.  If they are unwilling to help you, then you either need to find a way to force them to help, or you need to consider this an expensive lesson in being careful about where you send your crypto-currency.

Bittrex:
https://bittrex.zendesk.com/hc/en-us/articles/115000961172-Bittrex-s-Deposit-Recovery-Policy
Quote
Crosschain Deposit Recovery

Crosschain - A deposit of one coin to a different coins address is considered a crosschain deposit

Bittrex will only attempt to recover crosschain deposits that exceed $5000 at the time of deposit, within 7 days of the deposit and will charge a 0.1 BTC for this recovery. Recovering coins crosschain is an inherently dangerous and time consuming process.

Due to our new Crosschain Recovery System, the minimum requirement for crosschain recoveries is $3000 at the time of deposit for the following crosschain pairs:

    BTC to BCH
    BCH to BTC
    BTC to USDT
    USDT to BTC
https://www.reddit.com/r/CoinBase/comments/7tb2i9/need_help_lost_10000_binance_usdt_sent_to/
https://www.reddit.com/r/CoinBase/comments/7rg13t/metoo_sent_usdt_from_binance_to_bitcoin_coinbase/
4022  Other / Off-topic / Re: Is it possible to check on which account the AMAZON code was used ??? (SCAM..) on: July 05, 2020, 07:13:35 AM
Some P2P sites provide excellent service for buying and selling such cards.
The table was composed during the last week. There are some info needs to be filled up and the table is not finished. There are dozens of P2P marketplaces but the top two are Paxful.com and LocalBitcoins.com. Trading on P2P marketplace is risky for newbies and they need to learn using video recording apps to record their trading progress for later use. In some trades, troubles will occur and they will have to submit evidence of their trades. In such trades, videos are very good evidence.
|
Name
|
KYC
|
Social Media
|
Supported Countries
|
Payment methods
|
Accepted currencies
|
Withdrawal limit
|
Scam Accusations
|
|LocalCryptos.com|No|Twitter||||||
|LocalCoinSwap.com |Optional|Twitter||||||
|Local.Bitcoin.com|No|Telegram||||||
|LocalMonero.co|No|||||||
|Mycelium.com|No|||||||
|Paxful.com|Yes|||300+||||
|HodlHodl.com|No|||||||
|WallofCoins.com|No|||||||
|Remitano.com|buyers|||||||
|BuyCrypto.today||||||||
|Swapngo.org||||||||
|LiberalCoins||||||||
|Coinected.io||||||||
|BitQuick.co||||||||
|AgoraDesk.com||||||||
|BitValve.com||||||||
|RampInstant.network||||||||
|BuyCoins.africa|African|||||||
|Totalcoin.io||||||||
|CoinCola||||||||
|Bitzlato.com||||||||
|WazirX.com|Indian|||||||
|Moontrade|No|||||||
|counter.network|Optional|||||||
|Binance P2P|Yes|Twitter,||Bank,||100 BTC/day||
|||Facebook,||Alipay,||||
|||Instagram||WeChat,||||
|||||QIWI||||

Paxful: Either create a listing/ trading volume >1500$
4023  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: Have DOGE, Want tBTC (Bitcoin testnet) on: July 05, 2020, 07:09:56 AM
Testnet bitcoin (tBTC) are still bitcoin but on a separate blockchain designed for testing. They do not and should not have any monetary value and used strictly for testing. Think about it as "BTC Demo version".
You can read some more info here: Testnet. All about cryptocurrency - BitcoinWiki & Bitcoin Testnet. Activate, experience it, but don't trade and get scammed.
Bitcoin on testnet is valuable for people who need it but in reality it has zero monetary value and no one trade it. Why do you have to trade it using your fiats or any other cryptocurrency, it means you will pay a kind of cost to get some bitcoin testnet?

It is a trap for people who don't know what is bitcoin testnet. They will think they have a very good deal to buy cheap bitcoin than on the crypto exchanges.

Dogecoin is a low value coin but it has somewhat monetary value, not zero monetary value like bitcoin testnet.
4024  Bitcoin / Bitcoin Discussion / Re: They say hardware wallets are the safest on: July 04, 2020, 01:05:53 PM
With hardware wallets, when you use them to send your funds, your private keys will not be disclosed. Even when the computer you use is infected by malwares or viruses.

HD wallets are deterministic ones and from a single seed, you can create many private keys and from a seed you can create many child keys, then grandchild keys. They don't require to have private key to create public keys. It is the point to save you if your computer is compromised. Hackers will not be able to steal your all funds if they can not have access to your private key.

Quote
HD wallets offer two major advantages over random (nondeterministic) keys. First, the tree structure can be used to express additional organizational meaning, such as when a specific branch of subkeys is used to receive incoming payments and a different branch is used to receive change from outgoing payments. Branches of keys can also be used in corporate settings, allocating different branches to departments, subsidiaries, specific functions, or accounting categories.

The second advantage of HD wallets is that users can create a sequence of public keys without having access to the corresponding private keys. This allows HD wallets to be used on an insecure server or in a receive-only capacity, issuing a different public key for each transaction. The public keys do not need to be preloaded or derived in advance, yet the server doesn’t have the private keys that can spend the funds.

https://github.com/bitcoinbook/bitcoinbook/blob/develop/ch05.asciidoc
4025  Other / Meta / Re: Stake your Bitcoin address here on: July 04, 2020, 11:57:03 AM
@LoyceV why do you trust it? Do you know the owners of it? Or have you tried generating keys without internet connection?

Also, I still don't get why I should never delete a wallet. Since I keep my private keys in safe places...
Wallet is the first thing to care about when one joins crypto but to choose which wallet to use for storing your funds, no one can tell you what you must do, they can only advise what you should do. In your turn, it depends on your understandings or preference or habit to choose which wallet you will use.

Fundamental rules:
- Prioritise to use non-custodial wallets if you can because you will have control on your private keys.
- Create your wallets offline because no one can steal your private keys at the time you create your wallet.
- Keep your computers as cleanest as possible because it will make sure no one can compromise your computer.
- Back up your wallet and test your backup for later recoveries.

Third party wallets, especially web wallets should be considered to use with some kind of risks because you don't know that ONLY you have control on your private key or the web wallet provider will have it too.
4026  Other / Beginners & Help / Re: Visiting official websites and download official apps, not fake ones. on: July 03, 2020, 01:30:10 PM
Yet another helpful post, OcTradism.
Thank you for you words.
Quote
My best bet to avoid visiting scam sites has always been to follow my own intuition. Someone suggested visiting the social media accounts of these  platforms but that's a burst as I've seen scammy accounts that look exactly if not the same as the official one.
Relying on links and updates on social media is bad. If people can get phished by phishing websites and fake applications, they can certainly get phished by fake social media accounts. I only visit official social media accounts to get news. For things relate to updates (softwares, wallets) I will do my own works.
Quote
Talking about visiting only https  enabled sites, that works too. However, it's important to know that anyone can get an SSL certificate like Let's Encrypt which is even available for free.
Quote
Just because a site has HTTPS, doesn’t mean you can automatically trust it.

Ensure to click the padlock icon to verify the security details.
Again, don't totally rely on it. I read some topics on the forum about it but don't remember those topics. Hang on a few minutes, I will search and give you.
4027  Other / Beginners & Help / Re: Visiting official websites and download official apps, not fake ones. on: July 03, 2020, 12:45:48 PM
These are quite contradictory - we're basically replacing the trust we have in search engines with your post. Someone with malicious intent could edit the links from your post and redirect other users to fake ones. I guess the best way to find if a website link is legit is by looking through various sources and, if you're that paranoid, search from another device as well.
I say that people have to be responsible to visit official websites by themselves and should never rely on my links or links are given by anyone else. It is a first vital step to do.

All my links in OP are for examples to visually explain people how to find and get official applications from official webistes. Yeah, they need to have official websites first.
- Visiting official websites
- Scanning official websites to find section for apps that is given by the official companies.
- Click on it and download it.
Anyhow, you made a point that I must leave a note that all links should not be trusted and used without verification, to avoid any phishing attempts or simply typos from my side. Thanks.
Quote
Websites such as Binance have social media accounts. You can check them out because most of them have their websites placed on their profile.
But your advise here is not good. Social accounts can be hacked and compromised too so don't rely on any third party websites, search engines to visit official websites.
4028  Other / Beginners & Help / Officially visit websites & download apps, not fake ones. on: July 03, 2020, 11:57:33 AM
It is not an advanced tutorial but not all crypto enthusiasts have good knowledge and experience enough to avoid downloading fake apps which will help bad people steal their money.

Easy tutorial to download official applications (of wallets, exchange softwares in crypto, and can be expanded to any other applications in other industries).

- Visiting official websites
- Scanning official websites to find section for apps that is given by the official companies.
- Click on it and download it.

Don't:
- Google to find official websites because you can find phishing sites.
- Don't search on Google Play or iOS store to find applications.
- Don't click on links that are sent by anyone to install any application.



Examples
You should not trust on links are given by me. Visit the official websites by yourself.

Binance
Official website: https://www.binance.com/en
Where to get their applications: at the left bottom corner.

Huobi
Official website: https://www.huobi.com/en-us/
Where to get their applications: at the left bottom corner, click on Download APP or visit the page: https://www.huobi.com/en-us/download/#exchange


OKEX
Official website: https://www.okex.com/
Where to get their applications: at the right side you will see the section like the image.

Myetherwallet
Official website: https://www.myetherwallet.com/
Where to get their applications: https://www.mewwallet.com/
See images.

It is enough for examples. You can get more tutorial for your security and privacy in Good topics on security and privacy
4029  Other / Beginners & Help / Re: Stablecoins on: July 03, 2020, 06:18:28 AM
Stable coins are only a relative term. Stable coins, in theory, must be backed by something considered widely as stable asset, like fiats, golds, and any precious things. Unfortunately, fiats, gold, precious things are not truly stable. They are usually stable but sometimes, they are volatile like what we see price of gold. Fiat currencies are a big joke, and they are only stable on the paper desk, in theory. In countries with hyperinflation, fiat currencies are not stable. One fiat currency is stable today but it will be a trash paper next 6 months.
4030  Alternate cryptocurrencies / Altcoin Discussion / Re: DeFi Projects on: July 03, 2020, 05:56:42 AM
By 2015, people like you were too excited about colored coins which is running on top of existing blockchains and then they were all gone when ICO hype enters this space. Then people started showing on running masternode when ICO turned as heaven of scammers. Masternode's era ended by IEOs and within IEO, some devs are trying tp create hype in the name of defi, STO and with many other cosmetic coated terms.

Everything will come and go and if you are lucky and ready to take risk then you may get chances to crack some profits in between times. Do not expect them to transform your entire life.
Totally correct. I composed the thread Overview on DeFi - a new hot trend in crypto. I gave readers a strong warning message like this.
The crypto industry has many hot trends in the last decades: Privacy coins, mixing services, ICOs, staking/ masternode coins, cold-staking, IEOs, and now we have a DeFi trend. It is interesting to see its appearance.

As a basic rule, a new trend brings both opportunities and risks to investors. Only investors who are knowledgeable and readily to learn as well as have ability to control their investing activities can win and earn profits from their capital. Most of them end with losses, indeed.
I don't know of the color coins you said but from trends I have known of, I don't believe in anything that is technically said too good to be true. Trends come and go and there are not too many projects of each trend can actually survive and grow through all market challenges. Even if their developers are not scammers, there is nothing can guarentee about the success of those projects are born in trends.
4031  Bitcoin / Bitcoin Discussion / Re: Bitcoin's Current Price Impacted By Miners? on: July 03, 2020, 04:38:45 AM
With bitcoin, nowadays miners are mostly join big mining pools and they mostly come from big mining farms. It is unrealistic for small bitcoin miners to survive through all market dumps. When small miners suffer enough pressure and temporary losses, they will give up and sell off their bitcoin. Fortunately, because they are small miners their impacts on price will insignificant.

Very contrasting to small miners, big miners, big farms, big pools have enough reserved funds to go and survive through market dumps. During dumps, they will use their reserved funds to pay for electricity costs and keep holding their bitcoins and wait till good price to sell and take profits.

Miners and mining activities have impacts on bitcoin, but it also relates to market manipulations too. What do you think of plans of miners to turn off their rigs and create massive waiting/ unconfirmed transactions on the network? Just to cause FUDs, and result in high transaction fees. They will get higher transaction fees while they will also get chances to buy back very cheap bitcoin. After 2 to 3 times of difficulty adjustments, from 28 to 42 days, they will turn on their rigs again. What's a plan.
4032  Bitcoin / Bitcoin Discussion / Re: Blockchain.com experience and issues? on: July 02, 2020, 05:24:09 PM
If you don't have any pending transactions on your current wallet, you should move all your funds to a new wallet that is created from Electrum wallet. Creating a new wallet offline.

You successfully imported your wallet with seeds that you created with blockchain.com but let migrate your funds to a new one. Don't rely on the current wallet.

It is your key you create offline, it is your own bank. Choose the right time with low fees to migrate your funds if you are care about fee. If you are not care about fee, migrate your fund ASAP.
4033  Other / Beginners & Help / Re: This is SCAMALERT on: July 02, 2020, 02:39:20 PM
The result was negative. So, I conclude that if someone reported a Bitcoin scam address on that site it will automatically be tagged by them.
Not all reports are real reports and if they totally depends on reports from community, I doubt on their correctiveness. If it is an easy work to do, every blockchain explorers integrate it. In reality, there are not many sites that give scam alert, tag like two sites here. I am gonna to visit these sites and check some addresses, only for curiosity satisfaction. I don't believe on their results.
4034  Bitcoin / Bitcoin Discussion / Re: Blockchain.com experience and issues? on: July 02, 2020, 01:22:07 PM
I stopped using the Electrum wallet in 2018 when it had that constant phishing incidents. Has that been resolved now?
Does constant phishing incidents in 2018 come from Electrum? I don't know what happened in 2018 with Electrum but phishing is always here and there and it is why we must verify wallet before using it. People who don't verify wallets will be phished sometime.
Quote
Frankly, all these blockchain.com stories scare me. It's one of the wallets I have come to trust and to think that it could be unsecured makes me vulnerable to hackers.
I decide to use non-custodial wallets on my computer. If you know steps to move from blockchain.com to Electrum, you should use Electrum at start.
Custodial vs. Non Custodial Wallets - "Not your keys, not your coin" Explained.
[General] Bitcoin Wallets - Which, what, why?
4035  Other / Beginners & Help / Re: This is SCAMALERT on: July 02, 2020, 01:12:27 PM
Glanced at it, I am impressed but

How do the scam-alert.io collect, verify comments, tags from community before releasing final tags and comments on bitcoin addresses? Are you sure that they can make released tags, comments are real, and exact ones? I see FUDs behind tags and comments and there are something never good with FUDs.
4036  Bitcoin / Bitcoin Discussion / Re: Blockchain.com experience and issues? on: July 02, 2020, 01:01:29 PM
My next step would probably be to download electrum from it's official repo, check the signature (ThomasV signs his builds), the import your seed into electrum (there are some caveat's when you try to do this tough.
[GUIDE] How to Safely Download and Verify Electrum [Guide]

It takes a few minutes to safely download and install GPG, download and verify Electrum wallet.
4037  Bitcoin / Bitcoin Discussion / Re: Blockchain.com experience and issues? on: July 02, 2020, 12:41:26 PM
I've recently set up an account with Blockchain.com and CEX.com to "play around" with some crypto currencies in the hope of learning a little bit.
To learn in crypto, why don't you begin with testnet?

You can learn and practice with testnet. Bitcoin Core and Electrum wallets give you testnet wallets. With testnet wallets, you can practice all things with Bitcoin testnet and don't get any real monetary losses.

https://en.bitcoin.it/wiki/Testnet
https://en.bitcoinwiki.org/wiki/Testnet
https://bitzuma.com/posts/a-beginners-guide-to-the-electrum-bitcoin-wallet/
List of Testnet BTC Faucet
4038  Other / Beginners & Help / Re: Awesome tools list on: July 02, 2020, 12:24:06 PM
The first book was given but the last 2 books are not.
4039  Economy / Gambling / Re: Bitcasino.io — 💜Why is 2FA so important❗ on: July 02, 2020, 11:23:33 AM
Please read our blog article about it: What is 2FA & why is it so important?
It is my appreciation for your article. Some newbies in crypto don't know how to secure their accounts, on exchanges and casinos. They simply set up 2FA by SMS code which is terrible because of many threats on SIM cards.

Some people set up 2FA by using apps but don't back up secret code and don't test backup's validity.

Authentication: Types, Risks/ Attacks, Advice
Good topics on security and privacy
4040  Economy / Service Announcements / Re: Bitamp Bitcoin Web Wallet - Send & Receive Bitcoin Instantly! on: July 02, 2020, 03:53:36 AM
Could be used Two factor authentication in this wallet? I think this two factor authentication brings more security to the user end.
It is your key, it is your bitcoin. Secure your key.

With Bitamp wallet, from a single private key, you can have three options to get 3 types of receiving address list, for: standard(1xx), segwit (bxx), and P2SH (3xx). You can choose which types of address you want to use, from the Overview tab or from the Addresses tab. Choose it from the dropdown menu.

The wallet supports change address too.

Additionally, you can import BTC address you get from Bitamp to other wallets, such as Electrum.

On Bitamp, with each receiving address, you will have the key icon, click on it to get private key for that specific address.
Below is an example for you. You should never disclose your private key like that.

On Electrum, click on File > New/ Restore > Import Bitcoin addresses or private key:
- If you copy and paste your BTC address from Bitamp, you will get an imported, watching only on Electrum.
- If you copy and paste your private key from Bitamp, you will get an imported wallet on Electrum.
Name your wallet file and set up a good password on Electrum when you import it.


Questions and suggestions for Bitamp wallet:

- Multisig wallet
- Sign / verify a message
- Time locked address
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