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This is not about bitcoin transaction, you created this on the wrong board, move to Altcoins discussion.
Binance make use of around $10 worth of ethereum at recent ethereum price to process transaction, will will get the transaction confirmed as earliest as possible, you will have seen the ethereum on your wallet not more than some minutes after you sent it from binance.
What you will do now, go to binance, go to check the withdrawal history, click on the transaction, you will see the txid which you can be able to use to track the transaction, among the addresses seen on blockchain explorer, check if your address is among.
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What would be a good exchange mobile app to use for trading coins?
Coinbase, coinbase pro
Or blockchain, blockchain exchange
Or would you recommend something else?
Blockchain is not a trading app, it is a wallet, but can be used for some trading and coin purchase but not an exchange. Out of all you mentioned, for exchanges, only Coinbase pro is valid. Only UK and American citizens are most commonly using this exchange, we that are not from such country make use of binance and some others, some can make use of others, but I have found binance to be a perfect exchange to use. |
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I have being looking for a good hardware wallet, I was able to know airgapped wallets are just the best, but the ease of transaction signing can be difficult but good for holding. I was looking for some hardware wallets online. I like ledger nano but I found out the secure element used in seed phrase generation and storage is close source, that automatically means ledger nano is close source. Ledger nano may be good, but I want things to remain standard, like everything about bitcoin is built with open source codes included bitcoin core which other wallets should follow. About trezor, it has good reputation and it is open source, but I saw some few challenges about the wallet and I will like us to discuss about it to know if it is true or not true. I watched a YouTube video about how a stolen trezor can be compromised. https://m.youtube.com/watch?v=6pKuHYwrGkUIs it true stolen trezor seed phrase can be known with this method of extraction in the video above? Though trezor is said to be safe is if passphrase is included, in this way the private key can not be known as the passphrase can not be bruth forced the way the seed was, also because passphrase will give rise to another seed, privatele, and other kyes and addresses. |
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You made newbies fear of bitcoin and bitcoin wallet when you shown your knowledge and get them lost with many features and many things to consider for a wallet.
There is nothing like ease about wallets, easy wallets like close source and/or custodial should not be used, there is nothing hard to learn, if newbies can not learn about wallet, he should not use wallet, anything can happen while using wallet, a reason for newbies to be well acquainted about wallets before using one. Depends on what a person prefer, I might say best wallet is the one convenient and easy to use ofc a secure too while other will say different.
Newbies must follow standards, they can end up losing their coins, there are many wallets that are easy today to use, but the more the ease the more they are introducing ways future wallet will not be good as manipution will continue. Wallets should be open source and noncustodial, all others are not recommended in any way, nothing like ease in using wallet, there are standards to follow. |
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Many will argue (and I among them) that a "paper wallet" is the safest, for all time. By definition the term implies that the secret key or backup mnemonic phrase is only stored on paper, or other archival media, and not any digital device. This makes it absolutely impervious to hacks. As long as the backup is stored safely and securely, your funds are equally safe and secure.
How about using the broad term, airgapped wallet, paper wallet is just one of the safest while some users can have an airgapped device, if 100% airgapped, it is also as safe as paper wallet. Also one wallet as cold storage and the other as watch only like cold electrum wallet is also one of the safest which is also most convenient airgapped to use. It depends on the wallet, not only paper wallets are safest. |
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If I have a 24 word seed, and I split it into 2 - 12 and 12
If an attacker somehow finds either the first 12 words or the 2nd 12 words, is there anyway they can use that to easily derive/find the second 12 words? or am I as safe as If I simply had a 12 word seed (which many wallets use?)
The chances that hackers can brute force the whole seed phrase from just twelve seed phrase is possible with powerful computional algorithmic tools, very possible tools like btcrecover can be able to do it with high computational power. It is not good to split your seed phrase, instead you can use shamir sharing for such in a way the seed phrase can be perfectly divided and splitted into secrets which is best for this. |
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People are looking for which cryptocurrency will replace Bitcoin.
Ethereum remain the best to, but it will never happen in reality, even if it will happen, it will take decades or centuries, but with the look of things, it can never happen, bitcoin will remain the strongest cryptocurrency. About upcoming cryptocurrencies to increase 10000%, in my opinion I think it is not possible, that range is too much, while there are thousands of cryptocurrencies that will not let investors and traders to be attracted to a coin such like that. |
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But I'm hoping you're correct, because low supply on exchanges (and assuming a constant or increasing demand) should mean a boost in price. You just never know, though. Demand could slump and a lot of individual sellers could drive the price down if they decide to sell all at once. Somehow I don't see that happening anytime soon, because the vibe I'm getting from the market is extremely bullish.
Damn good year for bitcoin so far, I must say. Let's hope it continues.
That is exactly what is happening, no downtrend this time, bitcoin price will either increase or just remain good, but I really valid your point, if any institution withdraw large percentage of bitcoin, panic and fomo seller will full the market in no time, thereby selling bitcoin, which can result to downtrend price. This increment continues but as the calm will also be the storm, it can not continue like this, there will be some bad months for bitcoin, but over long time, the price will always increase more. |
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However, I will suggest buying a hardware wallet if you can afford it. Otherwise, Electrum is the best option for you. But you can't use it for storing multi coins. But on a hardware wallet, you can store multi coins securely. So choose according to your needs. Keep in mind, wallets aren't secure unless you can secure wallet credentials.
I will advice hardware wallet to be used too, especially for cold storage in a way private key not connected online but offline. One other thing I like about hardware wallets is the number of cryptocurrencies recommended ones are supporting, like the trezor and ledger nano that support thousands of cryptocurrencies. But hardware wallets can be open source and close source too, I will prefer the open source ones like trezor. |
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If the price of gold can be $11 trillion, and with the population of people in the world, we will know that bitcoin is still at its early stage, it is never late to get started and invest. Bitcoin will have critics but that will not hinder anything, as bitcoin was called scam and ponzi in its early ages, those that trusted the open source decentralized coin and invested have now seen how important bitcoin is to any other asset. And to the question, it is yet never too late to invest in bitcoin.
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I have not used lightning network, the reasons are:
1. It requires miners fee which is the fee require for bitcoin transaction confirmation. To open and close a channel, it requires fee.
2. I have only little bitcoin
3. No service I have used that demand for lightning network payment
4. I still hear of some vulnerabilities about it which are fixed already
5. People I am sending to are not requesting for lightning network yet
6. Shops around me not supporting it
If lightning has been common and known and more used for transactions and if I have enough bitcoin, I will make use of lightning network.
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I think there are many members on this forum, ranked members since long time ago and yet their account not hacked, people that are fearing can pm them to help on how to safeguard their accounts. If you follow the precaution and safety measures, your bitcointalk account will not be hacked. I believe admin would have looked into this issue and see this not needed. Instead, enable 2fa on your email, check the IP log of your bitcointalk account daily before you post, make sure you stake your address already for evidence in case of hacked account. With this I think you have nothing to be worried about, also use a very strong password, not 123 or abc password.
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I hope this coins(Polkadot) price will be $100+ within next 6 month...
I like Polkadot for one thing, its marketcap is somehow resembling its price but though different, the price now at $32 with the marketcap of $30.20. if Polkadot will reach $100, that means its marketcap will be around $100 billion to $110 billion. In that case, there will be a strong bull run that can take its price further to such extent, I believe it will happen one day, but it can be more than six month if bitcoin is not really getting attention from institutions and ranging its price around $45000 to $60000. As the cryptocurrencies do follow bitcoin price, even bitcoin getting to $100000 may not still result to Polkadot getting to $100, and of which it is not certain bitcoin will increase that much until long time. This is just my opinion but the market can be different. |
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There are plenty of ways to trade peer to peer without using a bank transfer, which would prevent this from happening. The most obvious way is with simple cash.
Cash would have been the best but it can come with its own demerits like physical harm. There are several reports about cash and physical attacks in crypto deals, humans can not be trusted. Using bank this way should not be bad, the bank do not know if the person that send the money bought bitcoin from you. |
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Not enough emphasis on what should be the main concern: "..cryptocurrency will have to be planned and how it has to be regulated".
So, to my Indian friends, non-custodial wallets are your best friend especially if it's the case that your government calls for a ban(but more of illegalization).
Cryptocurrencies in India is far beyond to be banned, the bank of India is doing all in its capacity to ban cryptocurrencies but it is getting turned down, the fear of crypto ban recently in the country also escalated but there are more positive news recently that cryptocurrencies will not be banned in India, it will only be regulated. Your advice is the truth, be it ban it no ban, it is better to make use of noncustodial wallet, that is the best crypto pet crypto users can have. |
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I know how I can add people to my trust list, also I know little about DT1 and DT2 but I find it difficult to check people that had me to their trust list.
How can I know people that add me to their trust list?
I also read on a thread that theymos determines if someone become DT1, how is that true?
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You can remain a newbie for long if not forever if you don't have problem with the following
1. Cloud mining
The bitter truth is none of these so called cloud mining are real, they have no proof that they own any mining farm or whatsoever and later they will exit scam on you while you least expected, what 99% of them do is running ponzi schemes, paying B with A invested money or coins
99% or more are scammers, there are like 1% or less that are legit, but the thing is that they are not profitable, it takes long time to earn profit, I have not tried it before because I do not want to lose, but according to what I have heard is that the profit is not constant and the earning will be reducing in a fashion you will not earn like you thought, it is like a deceiving scheme. The remaining ones which are 99% or more are absolutely scam, they are people that will pretend to mine for you but go away with your money and never come back. |
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Some are saying that Bitcoin and Blockchain where created by the Chinese government in order to steal billions of dollars from the worlds users. Do you have any information on this? The data shows that billions have been locked out and stolen already. Who has looked into this security threat?
As decentralized as bitcoin is, do you have to believe nonsense and remours from people. If something is doing great like bitcoin, it is normal for criticisms and lies. Bitcoin now in the world is not centralized, it is well distributed among users in the world. What most important is not to listen the such false information and hold and gain. |
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As for ViaBtc since it is a mining pool and it has mined a lot of transactions with low fees, it is legitimate. But unfortunately their system is broken and is using fee/byte rate not fee/vbyte. Which means when your SegWit transaction is paying 10 satoshi/vbyte they see it as paying less and you'll have to increase it to reach their threshold.
It was 5 sat/vbyte but because it is segwit address, I later found it to be 2.93 sat/byte on blockchain explorer. I think I will have to stop the wallet to be rebroadcasting the transaction because is is over 3 weeks now with no option for RBF and CPFP. I wanted to use paid acceleration via ViaBTC but $75 was requested for which is too much. When it comes to ViaBTC, you're right but in regards to Antpool, that's not the case [you can accelerate TXs with lower fees but the downside to that is the fact that unlike ViaBTC, even if you successfully manage to accelerate your transaction, you still have to deal with Antpool's own backlog of unconfirmed accelerated TXs]... In other words, they still have to find multiple blocks before you could see your TX in it.
Which means ViaBTC is still better, because if the acceleration is successful, the transaction will be included in the next block mined by the mining pool (ViaBTC). |
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