There was a topic I created some days ago about DeFi in which wbtc was even included.

Exploits and flash loans are just the beginning, defi economy Is less private
https://bitcointalk.org/index.php?topic=5292279.msg55658192#msg55658192

I think that enough will not make me make used of DeFi projects as they are less private, although the news emphasized on the ones built on ethereum blockchain.

You are right about wbtc. But just a point to correct my mistake above about the second point, I later deleted it. It is BTCTRON not TRCBTC

There are some DeFi projects that are 1:1 backed by bitcoin, but these coins are DeFi projects like Wrapped BTC and RenBTC. These projects provide means of using these tokens in form of bitcoin to make active income.

You can get some info here:
Tokenizing Bitcoin on Ethereum: WBTC vs RENBTC vs HBTC vs BTCpx
https://hackernoon.com/tokenizing-bitcoin-on-ethereum-wbtc-vs-renbtc-vs-hbtc-vs-btcpx-44l3zn8

Your question was not coherently asked which makes it unclear. Can you try to explain clearly what you are asking our help for?

Was the exchange you are using hacked?

If so, what is the name of the exchange?

Did you mean you need to claim back your lost funds?

There is no exchange called wex, but there is an altcoin called wexcoin (wex).

Were you unable to exchange the coin on a exchange platform you are using? Just give clear explanation.

You should not reuse a paper wallet because your coin can be lost, because it is not safe to reuse a paper wallet. Paper wallet is meant for holding. It has one address which makes it totally unfit for reuse not to comment of its complications.

If you want an offline wallet that you can use for making transactions instead, why not try hardware wallet, but using electrum on two devices. One as watch-only wallet and the other as the main cold wallet, the cold wallet will have your private key offline and will be used to sign transactions which you generate on the watch-only electrum wallet.

Never try the idea of reusing paper wallet.

About coinbase that canceled margin trading, it is not the only exchange that supported margin trading, I hope many people would have left for other exchanges that support margin trading.

You are right that the governments are tightning crypto regulation in general but no much pressure on crypto derivatives, I do not think there is much to be worried about, if a certain country governmental policies do not favour, there will be some (most) other countries that will favour. In this case, about crypto derivatives like margin and future contracts, I do not think these can be affected, there will be many exchanges that will always be providing these services. Although, the KYC, AML and CTF regulations for users using most exchanges can become mandatory in accordance to governmental policies, but this should not affect crypto derivatives.
 
We all know what most government are trying to do, but I do not think it is in relation to derivative trading because only few do not support crypto derivatives, but on regulation of how exchanges can know their customers in a way crypto criminals activities will decrease is their main aim, which will not affect crypto derivatives in my opinion.

There are some countries that ban future contracts like USA while UK has being tough on crypto generally, but that does not mean is will affect crypto derivatives as many countries support it, only psuedonymity is what most want to avoid.

Create another ticket.

Not your key not your coin. Not only bittrex can result to this, it can happen on all other exchanges or other crypto custodial service providing platforms as you do not have the private keys to your account, then not your coin on the blockchains.

I will like to hear the opinions of traders here about the best type of margin trading. But before that, I will like to give more insight into margin trading so that some new traders can gain from this and maybe also contribute.

What is margin trading
To make this simple, in margin trading, traders can leverage. This means that traders can use collateral to borrow funds and use the borrowed funds to trader. The borrowed funds can be 3x or more in such a way a trader can borrow in a future contract 100x to 125x on some exchanges. The higher the levarage, the high will be the gain while also the high is the risk which depends on the market price of the coin your are trading.

For example
In a margin trade of 10x, a trader can use $100 as a collateral to borrow $1000.

Buy (go long) vs Sell (go short)
A trader can decide to go long or go short. If a trader go long, that means if the coin he bought is increasing in price, the profit will be increase but if the price is decreasing, it results to loss and can lead to collateral liquidation. But if a trader go short, that means as the price is decreasing, he will make profit but if the price is increasing, the traderks losing and can result to collateral liquidation. In this example, I am specifically making use of buy (long positon)

Isolated margin
I will make use of example for simplicity. Assuming a trader has $500 in his isolated margin account, he trade 10x with $100. That means he automatically borrowed $1000 to trade while leaving $400 in his isolated margin account. Assuming the coin he his trading is bitcoin and at a price of $19200 when he used borrowed fund to buy bitcoin. Assuming the liquidation price could be $19000 for 10x margin. If the price of bitcoin decreased below $19000, the trader collateral ($100) will be liquidated without affecting the remaining $400 in his margin account.

Cross margin
In cross margin, the whole $500 the trader transfered to his margin account will be liquidated, but instead of it to be liquidated at $19000 in the long position as explained above, it will be liquidated at a lower price, let us assume it to be $$18700.

As a trader, which one is better. Cross margin or isolated margin?

Warning: margin trading is very risky.

Many people do not know Bitcoin is money, also an asset. What will criminals like to steal? It will be money like fiat, gold, diamond. If bitcoin is attracting scammers, that means it is because it is money and also an asset. The fact still remain as you commented about it as fiat remains the most laundered money that is also used in terrorism financing. Before bitcoin were terrorism and criminals.

The creator of Bitcoin and also the creator of this forum (Bitcointalk), Satoshi Nakamoto, today December, 13 has been 10 years after he logged off from this forum.



Never mind me posting this but I think it is worth mentioning that the final message of bitcoin inventor, Satoshi Nakamoto is today 10 years old.

I think today marks the day bitcoin truly become decentralized unlike most other currencies. What do you people think about this?

What I have noticed could be the best is to put 'beginners and help' on ignore lists because newbies will always be newbies. I went through some of my early posts on this forum some days ago, I was able to know some mistakes I made, although that does not mean I am 100% perfect now but I was better than before. Newbies will always be newbies, experienced or ranked members will see them boring and also unprofessional in posting.

But if this needs a remedy, only moderators can give that by deleting such poor posts but they did not because they know newbies can just be unprofessional in posting.

This is the best advice. 100% recommended for newbies.

What the elders say is true because the moment you are trying, you are not only getting more knowledge but also getting experience but using people that have opened an account here since 2018 and yet not having 10 merits as an example can not help you. These users should please permit me to make the statement like that as they can be a bounty hunter. But, like your main goal is to have merits and rank up, right? Then use members that have ranked up as examples, you will need to emulate what this members have done before by checking the quality of their posting content. These can help you to raking up until legendary is achieved but yet helping you to getting more merits as long as you are on this forum. If you need some users posts which I believe can help you to develop yours, you can check LovceV, DdmrDdmr, CryptopreneurBrainboss, o_e_l_e_o, pooya87, Upgrade00 and some other ranked members profile to checking their posting qualities. If you check their topics and posts, you will be able to know that you need to make more researches about bitcoin and other crypto in order to rank up.

I think you need to read this quote:

This will let you know how fiat like dollar is not a safe haven that is subjected to depreciation over time.

You need to read this too
Taking U.S. dollar devaluation into account, gold has still not reached the all-time price high it set in 1980.
https://cointelegraph.com/news/gold-and-bitcoin-eye-inflation-adjusted-all-time-highs-but-it-s-taken-gold-40-years
https://cointelegraph.com/news/will-money-printer-go-brrr-rob-bitcoin-of-its-all-time-high

I hope you will be able to get the reason why bitcoin is better than depreciating fiats.

---

In addition, if I want to hold Euro or Dollar, I will need a bank domiciliary account for it, while the buy rate is much higher than the sell rate, is that not another loss? Although my country fiat does not make any sense at all and will later devalue in a way we holding Dollars, Euro or Pounds will later gain. Not everyone is from USA, UK or people from European countries, why not stable coins for people not from the countries you mentioned? But as bitcoin is deflationary, I prefer it to others. But with what you meant, you can diversify your funds by having both bitcoin and stable coins.

I could not say the vaccines are safe but according to reports, this is done professionally in a way many people have been given this vaccines and showing positive results. Some can have side effect but mild, just like headach or pain at some localized part of the body or maybe others but it is mild and will die down just like many other vaccines do act after injected someone, but all these are short term. The vaccines have succeeded and proven good on short term now, but we do not yet know if the vaccine will have long term effect because it is still under testing and that should be the phase 4 after it has being given to mases in phase 3. But as of now, progress has been made, and likely but not yet proven that the vacinnes will not have long effect.

Del

What is bitcoin? Bitcoin is money, and also an asset. Who has money and assets? The riches. Or, do you want it to be otherwise?

I have friends having bitcoin and I have many disturbing that they want to know about it. I have family members having it, and I am happy to have it also as it is a deflationary money.

Bitcoin is not about you using it for payment only, bitcoin is also an asset, holding it is not bad. And, as bitcoin is getting more adopted, expect it to go mainstream and emerge as the first world's currency. But, it being an asset to hold is also worth it.

Just know that bitcoin is not for any country, it is for the world and only for the people that are buying and making use of it. Bitcoin is completely decentralized in its entirety and completely open source. Even the creator, Satoshi Nakamoto do not have any control over bitcoin while governments and other central bodies do not have control over bitcoin, not to comment of it becoming the currency of some particular countries. Even, China mining most amount of bitcoin, but people and organizations from another country are buying it. Bitcoin can not be centralized but remain decentralized, what can make it to become centralized will not happen but results into hardfork while bitcoin will remain being bitcoin.

HitBTC charges 0.25% as taker's fee while 0.01 for maker as makers fee. Binance charges 0.1% as trading fee. This is how custodial exchanges operate but their withdrawal fee are constant.

Trading on custodial exchanges can be most flexible and fastest but not with the lowest fees. Custodial exchanges do charges in percentage, while noncustodial exchanges only charge mining fees. So, if you want to exchange low amount of bitcoin can lead to high mining fee on noncustodial exchanges while the fee will be low on custodial exchanges which can be 0.1% to 0.2% on custodial exchanges. But if the amount of bitcoin to exchange if high, the mining fee only will still be charged on noncustodial exchanges while custodial exchange will charge in percentage which will increase the fee and making it higher than that of noncustodial exchanges. So, it depends.

Do you not know hardware like trezor have Dex, the time of exchange can take 10 minutes but you can exchange your coins on many noncustodail wallets, and only mining fee will be charged. For holders, they can easily make use of of Dex while frequent traders can make use of custodial exchanges because of trading flexibility.

It is not new that custodial exchanges are complying to governmental policies. What you can say is that will SEC have strict regulation for cryptocurrencies? While custodial exchanges and other companies providing custodial crypto service will be the governmental targets while the custodial companies will comply.

If you do not like the statement, that means you do not know what the statement is all about. It is simple and basic that if you do not have a private key to your coin, you do not have full control over the coin because the private key is used to unlock the coin from the blockchain.

What are you trying to suggest?

I have explained how holders can make use of Dexs, while also they can make use custodial exchanges. Some exchanges have no strict regulation about kyc, if a country governmental laws about crypto regulation is getting stricter and out of hand, seeing others reputed exchanges in the country where the their laws are not strict to have increase in trading volume.

But in my opinion, that does not mean custodial exchanges can not freeze someone's account because not your key not your coin. Making use of hardware and Dexs will be my forgo. It can take 10 minutes for my trade to complete, but charging mining fee is not an issue for me, and like especially if someone's is a holder.

Google playstore is just a home to fake wallets, if we check google playstore carefully now, there are still many fake wallets apps and fake apps generally existing there, and yet google have nothing they are doing about this, the governments just do not threaten google to do something about it, that is why google will always be lenient about fake apps on its placestore. Nice catch but many more to come as scammers have seeing google playstore as a nice place for their fake apps.