I Do you not want to pay 7% in fees? If not then you can move the slider that should appear to within 5 blocks (an hour) or 25 blocks (5 hours).
Fee are not calculated in percentage (%) but in size and weight (Satoshi/vbyte). Also, know that if mempool is congested, the fee will be higher, and when mempool is not congested, the fee will be lower. Just make use of the fee customization or wait until mempool is not congested. But, if you use too low fee, your transaction may not be confirmed in time. |
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Anyway, If you can get the xPub of your wallet there is a tool to scan the wallet if what derivation path your bitcoin address belongs. But you must deposit a small amount first on that address so that it could scan the used address including the derivation path.
Thanks for the answer, but I am not planing to use the wallet, only for experimental purpose to know if the seed phrase generated by the wallet is BIP39. Although, no conclusion about this for now, the wallet can not be trusted as commented not to be open source. I do not have any bitcoin to waste on this type of wallet, but your information is helpful. |
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One of easiest way to create and access Ethereum and erc20 token is MEW web interface. My question is , is it safe to keep big amount in MEW or better not to rely on it.
No wallet are safer than hardware wallets and coins stored on airgapped devices. Also multisig wallets are safe but I do not know if ERC-20 tokens support multisig, and also the issue of high transaction fee. Myetherwallet is a web wallet. There are three types of o line wallets, they are: 1. Web wallet 2. Mobile wallet (Phone apps that are wallets) 3. Desktop wallets Online wallets are more vulnerable to attacks, while out of all these online wallets, web wallets are most vulnerable. I will recommend hardware wallets but if you are expect enough to not mistakenly install malware on you wallet device, myetherwallet can also be good while also protecting yourself from hackers. But, I can not recommend this type of wallet, I will prefer hardware wallet like trezor and ledger nano. Although, I've never used MEW before, but I use MetaMask for my ETH wallet, and as far as my experience right now, I could say it's pretty safe.
Metamask wallet is also a web wallet and web wallets are most vulnerable to cyber attack. Although, I'm considering to move into desktop wallet, something like Electrum but for ETH.
I do not think there is any electrum-like wallet that support ethereum and ERC-20 tokens, but you can get a hardware wallet like trezor or ledger nano and use electrum to operate it, it will support Bitcoin, ethereum, ERC-20 tokens and many other cryptocurrencies. Since you asked if is it safe to keep big amount in a Web Wallet App, well it depends on the app itself, but if you really want that extra oomph of security, I suggest you to use desktop wallet instead.
For high amount and holding, online wallet should not be suggested. Hardware wallets and wallets on airgapped devices are the safest. Airgapped devices can be difficult to use, buying hardware wallet will be the best alternative. |
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Let me use Binance to explain this for you clearly, on some exchanges, you can see it as stop loss or stop price, but they all mean the same thing.  From the image above which is the image of stop limit order tool, assuming Bitcoin price is at $33500, you set Stop (USDt) to $33100 and Price (USDt) at 33000. That means Bitcoin will be sold to buy USDt when the price of bitcoin drop to $33100, but the USDt is bought at $30000. Which means USDt is bought automatically at $33000 when bitcoin price dropped to $33100 or below but still above $33000. From the example I used, make sure the range between the limit order price and the stop order price is achievable, do not let it be to close, because if bitcoin drop from a price above stop order to below limit order that you placed, the order will not be filled and losses may ensue. For example, if bitcoin at $33500 dropped immediately below $33100, the order will not be filled. The order will only be filled if the price of bitcoin dropped within the range of $33100 and $33000, but if dropped below, it will not be filled. This kind of price drop may not happen while trading Bitcoin but it do happen while trading altcoin. |
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...
This got me confused too as I told migs360 to get the private key using iamcoleman but said he is unable to do that. If you check my first posts up here, immediately I saw this topic, I generated Abra's wallet and I was given the 12 words seed phrase, I used it offline on iancoleman and it generated me the seed and the extended private key which I believe it can be used. But migs360 is saying another thing which I believe either he has lost his seed phrase or inputting a wrong seed phrase. I believe only using the seed phrase will also work on wallets like Coinomi, he said it did not work too. He needs to truly contact yogg for further assistance. Thank you so much. Do you know the telegram of @yogg? I can't message him since I have a limit of 1 message per hour
Do not contact wrong person, make sure you contact him using Bitcointalk PM. This is yogg profile link: https://bitcointalk.org/index.php?action=profile;u=140827 |
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Note: Never reveal your private key or seed phrase to anyone, it can lead to wallet being hack by attackers.
I am experimenting on a wallet, Abra wallet (not recommended in my opinion). I downloaded it today, it generated me 12 words seed phrase, which are:
mention country giant rice boss people bid asset boring midnight wise begin
The wallet do not give new addresses, only one address is used, and the address is:
Bitcoin address
19VT5sfnoQRnnzuJum5QkghN3oPJdE3DVc
I wanted to know if it is truly BIP39 seed phrase or not, I used iancoleman tool offline, it generated me the seed, extended private key, extended public key and addresses.
What I did not understand is that I check the first 500 addresses generated but I did not see 19VT5sfnoQRnnzuJum5QkghN3oPJdE3DVc generated by Abra's wallet. Is there a way I can match the address to the seed, private key or something. Or what am I getting wrong? Or is Abra's wallet fooling people. I am confused.
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Do you have any idea how can I extract it?
Go to iamcoleman https://iancoleman.io/bip39/Scroll down the tool to see how you can use it offline. Then, if offline, you will set the seed word from 15 to 12, I believe Abra's wallet generate 12 seed words for you. Or set it the the one you have with you. Then, input the seed phrase into BIP39 Mnemonic space provided by the tool. Then the derivation paths will automatically be generated. And scroll down. The Derivation Path will be BIP44 automatically, which is the derivation part for legacy addresses. If not set to BIP44, then click on BIP44. Scroll down to copy the Account Extended Private Key. You can import it on USDt supported wallet, and let us know if it works. Do not do this online, it is not safe. Do it offline. |
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I've tried it awhile ago. I tried to input my abra's seed wallet. But unfortunately the amount appeared on coinomi is zero. Even my exisiting funds on other alt coins is not reflected on coinomi
That means mk4 is right, then Abra's wallet is not a good wallet, you should make sure to send USDt to the wallets that support the USDt next time, a single mistake can make your coin lost forever. But, should I tell you how you can extract out your legacy address from thee seed pjhrase to try it if it will work? |
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As far as I know there's no wallet where you can simply just import your Abra wallet's private keys and you would be able to access your funds.
I have just created Abras wallet now, it generated me 12 words seed phrase. Which means the tether is not lost and can still be accessed by migs360. All he need is to try out the seed phrase on wallet that supported USDt because Abra's wallet is not supporting USDt. I confirmed that the seed phrase is BIP39 on iancoleman.io, the tool generated me the root seed, the extenteded private key and the extenteded public key for the seed phrase generated on Abra's wallet. I've contacted the abra team but no responce
You do not need to contact Abra's support team because the transaction was successful. I've scanned my wallet address in omniwallet it says that I have current balance in my usdt.
But I could not transfer it since I can't get my private keys
I will not recommend coinomi because it is close source, but in this case, I will advice you to use coinomi for the recovery. Import your Abra's wallet seed phrase on Coinomi, you tether balance will appear. Try that and tell us if you see your USDt. According to your txid, the address start from 1, which means importing your Abra's seed phrase on Coinomi will make your USDt appear on Coinomi, and you can spent it if you like. |
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But it's very obvious that their fees is expensive irrespective that they deduct their maintenance fees and other fees that benefits their cooperatives, at least it should be lower than the way it's, correctly to transact with Binance is scaring due to their charge's.
Fee on noncustodial wallets are much more lower. But, it is also worth comparing exchanges, Binance is still better if compared to many other exchanges, like Bitcoin withdrawal, Binance charges is 0.0005 btc compared to many other exchanges that charges higher fee like 0.0015 btc charged on HitBTC. But, you are right, exchanges generally charge high fee if compared to noncustodial wallets. |
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I opened coinmarketcap.com this morning and was surprised to see WallStreetBets ahead of bitcoin but with 0 rank
That is how Binance has been misleading after it was purchased by Binance CEO. But, if you look at this very well, it should not mislead you. WallStreetBets is ranked 0 because it is a coin that many fomo turned out to buying recently and make it see surge in price and marketcap. Currently, WallStreetBets is having a marketcap of $24,846,486,000 which is nothing to compare to ethereum not to talk of Bitcoin. Bitcoin remain in the first position because it is still the strongest cryptocurrency. Is this a mistake from cmc or we about to see another turn of pump like that which happened with yearn.finance (YFI)?
Not a mistake, Bitcoin remain the strongest and you will see it as the first which is ranked number 1. WallStreetBets has 0 position and having done 134.84% within the last 24hours while bitcoin is down with 0.49% within 24hours and still occupying number 1 spot, followed by etheruem as number 2 etc.
Bitcoin ranked number 1 spot while Ethereum is the second. WallStreetBets has no place yet, and still ranked 0 most possibly because CMC has never do all appropriate to know if truly WallStreetBets marketcap is correct or not. Do you know what is happening? What can you make out on it
WallStreetBets has been the talk in town on one Chinese social media and have one of the higher subreddit subscribers. With the influence of this, doge coin was even pumped recently follow by ripple. But, be it how strong this is, it is still nothing before Bitcoin. You can read this about WallStreetBets to have better clarification. More than 200,000 Redditors joined the page last week. https://cointelegraph.com/news/bitcoin-subreddit-hits-2m-subscribers-following-gamestop-controversyDogecoin, the quintessential meme crypto, is being pulled on a leash by yet another social media-driven hype. https://cointelegraph.com/news/doge-price-surge-the-power-of-memes-and-social-media-on-full-displayhttps://cointelegraph.com/news/gamestop-short-squeeze-highlights-the-power-of-decentralization |
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if transacting with ETH 0.1 and BTC 0.1 irrespective how ambiguous is bitcoin the charge's will be more expensive, while?
They are two different cryptocurrencies, but ethereum fee is also high. While is that the higher the charge of bitcoin the faster the transactions process
And the lower the fees the lower the transactions process,
Not only fee that determines how bitcoin transactions will be fast, but yes, the higher the fee the higher the transaction speed. But mempool is also another factor that determines transaction speed. If the mempool is congested, you will need to pay higher fee but paying lower fee if mempool is less congested can make the transaction to also surprising fast at times if the mempool remain decongested for that time period and your transaction is confirmed. Miners do not have option than to pick up transactions when mempool is less congested, but they pick up higher fee transactions during mempool congestion. Does it means Binance in particular is after their percentage or not?
Binance is not a noncustodial wallet, binance is an exchange. Exchanges do charge higher fee. The fee charged for withdrawal on exchanges are: 1. The ones that miners will charge for transaction to be successful 2. The exchange itself will charge fee which will be used for maintenance But what it is noticed is that the fee charged by exchanges for the maintenance is always higher than the fee charged by miners. |
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Never mind my opinion. Luno may seem like Coinbase.com, but Luno is not even a custodial wallet, it is an exchange. I lately checked it on coinmarketcap and see it to be the 157th exchange according to exchanges trading volume.  ...
Coinbase encourages people that do not know how risky to backup on online/clouds exactly just like you commented. I hate coinbase because of this. Also, I hate coinbase because it is difficult for many newbies to know the difference between coinbase.com, coinbase pro and coinbase wallet app. But, upon opening coinbase wallet app, it will give you choice to either backup online or manually, manual backup will only let you to save the backup offline just like the way you do recommended.  Other reasons I hate coinbase wallet appIt has a username, and not only that, they are also encouraging it to be visible to other users.  Coinbase will not have to make governments suffer from compromsing users privacy, what is the difference between governments telling exchanges users to register their noncustodial wallet with the exchange they are using and this one, they are just the same thing. Many people will press connect to coinbase which is just a simple way to automatically register the coinbase noncustodial wallet. No privacy.  |
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This question is more about altcoins, but likely will be accepted in hardware wallet board. Move this thread to hardware wallet board. https://bitcointalk.org/index.php?board=261.0So the coins I want to know about are
Powerledger
Waves
BNB
USDT
I screenshot the images below right from the ledger wallet company from the crypto assets they are supporting in which they support Waves, BNB and USDt and through the ERC-20, Powerledger is also ERC-20 token which means it supports it. You can check the link below to know the crypto assets supported by ledger. The link is directly from ledger website.    https://www.ledger.com/supported-crypto-assetsI checked nano ledger site and it seems you can send BNB to your nano ledger s. Can someone confirm this?
Yes. Now... what if you have usdt in binance? I don't at the moment but considering selling some altcoin for it on binance. Because i always thought usdt is like usd in a way except its digital dollar and not fiat like say the dollar on coinbase or gemini. If you have usdt in binance... could you send usdt to your hardware wallet? Or is usdt only available in an exchange? What about something like usdc which is a stable coin?
Follow the link provided above to know all this. Ledger Nano S support USCD also. You call also send USDt from your USDt binance address to its USDt ERC-20 address on ledger nano S, but make sure it is ERC-20 which starts with 0x-prefix addresses. I recall people mentioned you need to use one of those erc wallets combined with the nano ledger s... for this. Is that accurate?
Using electrum for it can work accurately as the hardware wallet extension, but using ERC-20 wallet like myetherwallet will also work. So I would need a myetherwallet account with powerledger in order to use it together with the nano ledger?
As the wallet extension, yes. But, no necessary, you can also use ledger live or electrum as the wallet extension to access the supported crypto assets. I'm confused by this since well that is an online wallet... which isn't safe... but if you use it with the nano ledger... it is?
Normally, you should protect the wallet extension used from malware, but know that the privates keys of the crypto assets stored on hardware wallet are on the hardware wallets, not the wallet extension, which means the private keys are offline. But, I will recommend electrum to be used with ledger nano. But i heard cases of myetherwallet hacked etc. So does using your nano ledger s with it... prevent all this from happening or not?
The private key stored on ledger nano are offline, also hardware wallets are not online always like myetherwallet, although very possible for malware attack during transactions, but safe while not making transactions. That is why we need to protect both the hardware wallet and the wallet used to operate it. With waves... i know i get staking rewards since i lease waves in the waves wallet. But if i use it with the nano ledger s... do i still get the same staking rewards?
So when you use waves with the nano ledger s... where are you waves coin?
On the blockchain, but Ledger nano wallet has the keys to unlock the token on its blockchain. I'm confused by this because does that mean my waves phrase is no more use if i use it with the nano ledger s then?
You sent the coin from Wave to Ledger nano, no that you export and import any seed phrase. Example i use it with the nano ledger s... then say i use another computer and try to restore my waves wallet with my waves phrase. Would that work or not?
It will work with your wave wallet. But, the hardware wallet has its own seed phrase. |
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Bots can be helpful, but using bots while you do not know about analyses will make you lose more than gain. There are many times bots will predict the market wrong. You can use signals, bots or any other things of such, but the best trade you can make is for you to learn, understand, start with low amount you can lose and have experience in trading yourself. Knowing about trading will make you good and better than depending on others. But you have to be very patient and not greedy, it can take you months.
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Every coin can get into problems when setting a stop limit, not just shit coins.
You are right, but the case is different for Bitcoin for me, but I do not know if likely it can still happen if the market is too volatile for Bitcoin too. But, practically, it can happen, but the chances for such to happen is negligible. For example, if bitcoin is at $30200, I set the stop limit/stop loss at $30100 to fill the order at $30000 and buy stable coin. That means if bitcoin price get to $30100, the order will be filled at $30000 and sell Bitcoin for stable coin so to minimize my loses. Despite this, it will be difficult for bitcoin from $30200 to fall immediately to $30099 or lower price which will not make the order to be filled. This might happen but it has not happened before to me. But, because of how many altcoins are, much jumping of price reduction can happen in a way the stop limit order will not be filled. It has happened to me when I traded digibyte, also happened when I traded doge, also when I traded electroneum. All I noticed was that this is related to trading volume too, that the higher the trading volume, the less likely a stop limit order will not be filled. But, you are right, there are chances it will not be filled also but the chances it will not be filled is low for coins with high trading volume like bitcoin. Binance have a stop market option. I think bybit do too, I haven't seen one that offers leveraged trading that doesn't?
I have not tried bybit before, but I am well acquainted with binance. Binance only support stop market for future trading. For spot trading on binance For margin trading on binance For future trading on binance   It could have been preferred to also use stop market order for spot trading, but on binance, there is no such thing, it only applies to future tradingaslf recent. |
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use a stop market
Stop limits can get filled and they also can't. It has much more to do with volatility at the time you're stopped than market cap.
If you're trading a continuation and want to put in a stop limit in the hopes you don't get stopped out too low then put a stop market at the bottom of that pattern too so volatility doesn't completely liquidate all you have)!
You are right, that is just the difference between stop limit order and stop market order. But, shit coins are shit coins, in this your case, if the stop price and the price which the user used to place the order are too close, it may result to an order not filled, in which stop market order can still make it filled. But, I have seen stop market order only with future trading. Can you please tell me any exchange with spot trading that offer stop market order for their spot trading? I have only seen stop limit order for spot trading before. |
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Imagine, I have put stop loss order for one crypto at $0.301, is it possible that if no one put a buy order at this price, my order will not be filled?
Yes, it will not be filled. That is why you need to trade cryptocurrencies that have high marketcap. Also on the exchange you trade, you need to make sure the coin has high trading volume. Cryptocurrencies like bitcoin will certainly be filled immediately because of that. But, shitcoins with very low trading volume to almost dead coin can never be filled because the trading volume is low, but if people sell at such price of your stop loss, your trade will be one of the first to be filled. Although the event is very unlikely to happen but, technically it's possible that no buyer put an order at $0.301
It can happen for shitcoins like I explained above, and you will be frustrated towards losing. What will happen to my order?
In this case, you will have no option than to use the market order price, but market order can be so risky (good for better coins like bitcoin, but definitely risky for shit to dead coins). If the coin is at $0.301, what could make the stop loss not to fill will make the market order price to be very low if compared to the limit order price. Some people will still want to buy and might have even place the order to buy at very lower price but not yet filled. So, using the market order will match the price people want to buy which is very low to the price people want to sell. Like the market order price for limit order price at $0.301can be $0.1 or even less. Then, if you are able to lose that much, then you can sell. But, this will hardly happen. Only if the buyers are getting to zero and a sign a coin is becoming dead. |
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but again one can not predict bitcoin market movement or direction.
If you are in crypto trading and your favorite coin is Bitcoin, if you do not know how to predict the price of bitcoin. These are the likely reasons below. 1. Greediness, this will make you to use much that want you can afford to risk and inappropriately in the way you will lose 2. Not knowing how the market works, many traders just trade the way they like, not considering how the market works. 3. Jumping in to trading , not having knowledge and experience about it. Also, I want you to know that if you lose in crypto trading, there are more possibilities that you will lose in stock or forex trading. Trading needs patience, discipline, knowledge and experience, it will take time before all these are achieved why most people consider it to be a few days job, and lose. |
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