Small correction: Changelly is just another centralized and custodial exchange where they could freeze your coins and demand identity verification for it. Bit of an old thread but still relevant: https://bitcointalk.org/index.php?topic=3302146.0Hodlhodl is also not decentalized since they run on centralized servers. Wallet: For this, I would also link bitcoin.org's choose your wallet. They offer filters and basic wallet information which give people a better idea of what to expect in each wallet, see: https://bitcoin.org/en/choose-your-walletBitcoin Tax Koinly's general tax information per country could be of some use as well, see: https://koinly.io/guides/ |
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If 1 BTC is on my ledger device and I no longer have a Binance account, can I transfer 1 BTC to someone on a different continent without the government knowing that it is my BTC? I think of it as donating 1kg of gold to someone. It has value but nobody knows that I am the person who originally bought it.
I would transfer it with a decentralized exchange then.
But binance knows the addresses where you withdrew your bitcoins and they could be able to piece that out starting with what information they have. Reputable exchanges like binance are also partnered with blockchain analysis companies: https://en.wikipedia.org/wiki/Blockchain_analysis. This confuses me. I make an account with Binance so I have a Binance user ID. Linked to my IP address and personal details, I assume. And when I purchase pieces of BTC, I buy them with a personal BTC address. Linked to my identity? I transfer them to the ledger nano x and store it offline. 5 years later BTC has 20x'ed. The European Union is launching a witch hunt vs BTC owners. They want to see what we own and tax the shit out of us. Yes, because simply setting the withdrawal address to your personal address doesn't break the trail back to you. Most people withdraw to their personal wallets, so exchanges would just assume the same thing. There are privacy tools to further obfuscate the blockchain trail back to you but if your purpose is tax evasion… well...uh.. However, right now holding and transferring between personal wallets aren't taxed  . I also don't see it changing for most countries given how unenforceable it is. People could just use some methods to obfuscate their tracks. Yes, people of power could just investigate but things like that takes resources for each case... and rewards should outweigh the amount of work/money consumed. |
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I never found out, what kinds of wallets are used and how they are used.
The typical claim is that only a very very small portion goes to their hot wallets, while the rest goes to their cold wallet which never touch the internet. Emphasis on claim because at the end of the day, we will never know how much is the truth. The same applies with your question "how", they can claim whatever but we will never truly know how are they being maintained. > It has become quite common for an Exchange to get hacked.
Oh, I would love to see some actual facts here instead of just an opinion that hacking an exchange is a common procedure and it happens quite a few times in a month or a year.
Silly you mate, I have been using Binance since 2018 and I have never experienced such an incident I am quite sure they earn/make more money by running an exchange instead of running with your money.
Yes, hack reports are common, even binance has been hacked before, see: https://cointelegraph.com/news/hackers-withdraw-7-000-bitcoins-in-binance-crypto-exchange-security-breachSee list: 1. Documented Timeline of Exchange Hacks (note: up until present time but some incidents may be missing) 2. Hacked Exchanges since 2011 (note: up until 2020) |
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However, I'm confused now, how long is the expiration of the address after getting renewed?
Notice email states the expiration will be on May 13th but these old/retired addresses 'could' still work even after that as long as binance has not closed their "click to credit" function. Ideally, you shouldn't use your retired addresses anymore because it is best to not take your chances  |
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There have already been 13 purchases/sales of homes carried out with Bitcoin.
That is, there are more and more people trusting bitcoin and using it to buy high-value goods, such as a house (and houses in Portugal are at very inflated prices).
According to the Order of Notaries of Portugal, to date, 13 purchases have been made using crypto. But, according to one of the main real estate companies carrying out this type of process, it indicates that there are forecasts for a few more crypto sales by the end of the year.
These are promising numbers considering the service is more or less a year old, plus one could say most crypto holders may be reluctant to spend their BTC's on high value goods but perhaps these buyers are just too loaded to care Interesting data from wikipedia says Portugal has 73.9% home-ownership rate which is pretty high. My guess is this probably played a part as home-ownership appears to be more on the norm side there indicating some locals may see it as an essential thereby making people more motivated to trigger the purchase button despite their inflated prices and bitcoin's long term potential. |
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I did not know about this market before, but when I searched a little on the net, I was surprised that Wikipedia describes it as DarkMarket. This is unfortunate because they still think that everything Bitcoin and cryptocurrency is all about is the DarkMarket. OpenBazaar is an open source project developing a protocol for e-commerce transactions in a fully decentralized marketplace.[2] It uses cryptocurrencies as medium of exchange and was inspired by a hackathon project called DarkMarket.
https://en.wikipedia.org/wiki/OpenBazaarYou misunderstood Wikipedia was only stating the name of the project OpenBazaar was based on -- the project was named/called "DarkMarket". The word wasn't used as a form of description. I recommend reading this bit in the history page: Amir Taaki and a group of programmers from Bitcoin startup Airbitz created a decentralized marketplace prototype, called "DarkMarket", in April 2014 at a Bitcoin Hackathon in Toronto. DarkMarket was developed as a proof of concept in response to the seizure of the darknet market Silk Road in October 2013. Taaki compared DarkMarket's improvements on Silk Road to BitTorrent's improvements on Napster.
After the hackathon, the original creators abandoned the prototype and it was later adopted and rebranded to OpenBazaar by a new team of developers. On April 4, 2016, OpenBazaar released their first version, which allowed users to buy and sell goods for Bitcoin. |
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But my plan is to buy them on the exchange and immediately transfer them to my ledger device. At this point I assume that neither the exchange nor the government has access to my crypto. They are on the blockchain and only I have the private keys. Am I right? If you're able to get your coins out and transfer them to a non-custodial wallet like ledger, then yes. But do remember that centralized and custodial exchanges like binance could block your funds when it sits on their system. For instance, it's possible they might freeze your account before you're able to make a withdrawal. What typically happens with cases like this is, they demand further information about you before you can withdraw e.g. do another ID and selfie with ID, submit proof of address, wealth declaration, etc. You could try to split your buys into smaller pieces -> withdraw -> repeat. This reduces the risk with centralized exchanges as you won't be risking the total amount you're trying to buy. There are more no-kyc p2p alternatives here: https://kycnot.me/?cash=on just don't expect them to be as liquid as centralized/custodial exchanges. If 1 BTC is on my ledger device and I no longer have a Binance account, can I transfer 1 BTC to someone on a different continent without the government knowing that it is my BTC? I think of it as donating 1kg of gold to someone. It has value but nobody knows that I am the person who originally bought it.
I would transfer it with a decentralized exchange then.
But binance knows the addresses where you withdrew your bitcoins and they could be able to piece that out starting with what information they have. Reputable exchanges like binance are also partnered with blockchain analysis companies: https://en.wikipedia.org/wiki/Blockchain_analysis. |
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App is region locked on playstore. I'm guessing you were coming from an IP address outside Europe? I tested it with a few Europe IPs and it worked fine. I tried installing the app on my PC via Windows subsystem for Android, but the option to install is greyed out as shown in the picture. Any suggestions?
Windows subsystem for Android has always worked for me when installing other APKs I want to use on PC. it's an emulator of sorts.
Were you using WSA pacman? if so, there's a redditor with a similar problem, perhaps you might find a fix, see: https://www.reddit.com/r/Windows11/comments/uqbpn0/install_option_is_greyed_out_in_wsa_pacman_any/ |
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I think before anything else, try to confirm if the job offer is authentic first. Is it remote or on-site/F2F?
Job scams are also rampant these days - some would ask you to pay a fee first, request your personal documents and ghost you or the most common, they will redirect you to a shady exchange which they secretly own and type-in some numbers in your account as a form of payment.
Ask your employer how the whole process would go and do a background search on them.
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Don't you think they will ask for a fee to recover the amount sent accidentally to the old address?
This doesn't seem to be the case right now but I could see it changing when an ample amount of time has passed and binance had already disabled their "click to credit" function for deposits coming from old addresses since it will become an extra work for them. |
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2) Binance is currently under attack by governments through lawsuits. Are they legally required to hand out our personal details to the government? If this is not the case at the moment, it must be the case soon. And when the government knows which cryptos we own, it is only a matter of time before they tax us and basically confiscate our wealth.
Centralized exchanges work/will work with the govt because they will save their own asses first. This is from binance.com but you should be able to find similar clauses on other exchanges **Legal Authorities:** We may be required by law or by Court to disclose certain information about you or any engagement we may have with you to relevant regulatory, law enforcement and/or other competent authorities. We will disclose information about you to legal authorities to the extent we are obliged to do so according to the law. We may also need to share your information in order to enforce or apply our legal rights or to prevent fraud.
...**Protection of Binance and others:** We release accounts and other personal information when we believe release is appropriate to comply with the law or with our regulatory obligations; enforce or apply our Terms of Use and other agreements; or protect the rights, property or safety of Binance, our users or others. This includes exchanging information with other companies and organisations for fraud protection and credit risk reduction. ... because all over Europe and all over the USA governments will want their cut (taxes) and they want total control over what we own. The tax in my country would be so huge that it would discourage anyone from getting involved with BTC.
If govts are smart, they wouldn't keep the taxes at unreasonable rates because ppl would be more likely to lessen their crypto trading activities, drop everything or look for ways to tax evade. In the long run, they would be able to earn more if more people are paying and stays in the game. |
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Thanks for the heads up! There are certainly some people out there who are saving their deposit addresses in their wallet contacts or in some kind of notes app and completely relies on it. This is another reason why you should check with your exchange first Also, I'm guessing the old addresses are no longer accessible from the deposit page? I can't check this as I don't have a verifed account with them. |
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What is the best way for me to report this failure to the exchange?
A way to reach their support can be found on the exchange's website, look into the website's footer/on their help center/for a message symbol on the bottom right or on their menu bar. Some exchange's also has a separate page for bug bounties which can be typically found on the footer as well, you may do a "Ctrl+F" command to save time. |
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there are other's that I found exciting but it wasn't easy to navigate through other posts so would be happy if I could be recommended some of this hidden gems to broaden my horizon.
I would also recommend threads that solidifies your foundation when it comes to safekeeping your bitcoins specially if you just started diving into crypto as a lot of malicious people are out there seizing every opportunity they could find from unguarded people. You'll find a lot of hidden gems here: Good topics on security and privacy. There's also this simple, quick read FAQ that would save you from a lot of scam attemps, see https://bitcointalk.org/index.php?topic=5363505You could also try to find threads on your own by appending "site:bitcointalk.org" in your web search engine e.g. google, duckduckgo, etc. We do have a built-in search function on the forum but I've always had better results with the mentioned method hence recommend it more. |
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What concept? They just love mumbo jumbos which if you look closely, filled with grammatical errors. Beware, they use a lot buzz words/difficult terms to make them appear smart but it's just gibberish. Let's take their homepage slogan for instance. Banks and stock exchange have nothing to do with bitcoin mining by default. We mine green bitcoin ethically and without involving banks or the stock exchange. People power There's also no clear details about their plans. They just tell you the amount and that you have to KYC for it lmao. Stay away. |
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-snip-
Another thing, their no-kyc tier has a limit of .01BTC, you could get a better deal elsewhere.
-snip-
It doesn't seem like this is the case anymore. When I go to the deposit page, I'm asked to verify my identity. So basically, you have to submit your ID, selfie, and proof of residence only to get 1 BTC/lifetime And if you want to increase your limits to 30 BTC per day, you have to fill out some "questionnaire" (not sure what is it about). Oh jeez, that's even worse! and they should remove their no-kyc tier from this article: https://support.xgo.com/hc/en-gb/articles/8840350648861-How-verification-affects-your-limitsGotta say, it's strange to see so much restriction from a new exchange which appears to be based in seychelles/estonia. If anything, they should be able to provide laxer terms. When you initially sign up for a Platform Account you’ll have access to a subset of features within the Platform provided by Max Victory Limited (the Republic of Seychelles). Should you require access to premium features, in particular all transactions related to Fiat, these services will be powered by Exechain OÜ (the republic of Estonia) or other dedicated entities.
Registered but haven't used any features yet. For me, only staking on this platform is attractive. I don't want to use the rest of the proposals yet.
I can vouch for their margin trading feature, it's one of the best in the market. And the good news is, their platform is way safer than Binance. Definitely worth considering.
Here comes the shillers lol. |
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And what's interesting, is that the platform (XGO plus) looks very similar to Hitbtc (if we ignore the colors): Status page, deposits/withdrawal pages, settings, header, etc. are pretty much identical. I tried to look to see if Hitbtc offers any whitelabel solutions, and found this: https://www.reddit.com/r/EN_HitBTC/comments/bye892/hitbtc_whitelable/So I could be wrong here, but XGO might be one of their partners as well and if that's the case, I would be very careful using them. It's probably best to seek other platforms as mentioned above. There's no advantage in using them when they're not offering anything new. They're also more involved with each other as XGO gets their liquidity from HitBTC  Source: https://www.reddit.com/r/banano/comments/w9px90/a_letter_from_xgo_to_the_banano_community/Looks like someone did not do their due diligence or completely ignored that hitbtc's reputation is in rock bottom lol and now they have fueled people's skepticism. Another thing, their no-kyc tier has a limit of .01 BTC, you could get a better deal elsewhere. Never heard of them before. You've been away for the forum and the first post you make is about relatively new projects with few downloads on the app store while there are dozens of alternatives on the market. It is hard to feel you're not deliberately shilling them just like your other projects. If you do want to shill it is fine, but you should be upfront about it.
Now that you mentioned it, I am reminded of the recent promotional like posts I've seen about XGO... plus seeing OPs post history, I find it hard to give them the benefit of the doubt but we'll see how they reply next. Transparency is like having a good friend you can trust, and XGo totally gets that. They use some fancy blockchain magic to make sure everything is out in the open and can't be messed with. And get this, you can even buy some crypto using regular ol' bank transfer or with your trusty debit or credit card.
One of the downsides of forex is the high fees and commissions charged by brokers. XGo, on the other hand, offers daily interest on my assets with zero fees.
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Yet another victim of pig butchering scam... but seriously, everyone should be aware of this scheme as this is likely the most popular crypto scam right now. Cipherblade estimated the losses to be around billion/s, see: https://cipherblade.com/blog/the-prevalence-of-sha-zhu-pan-aka-pig-butchering-scams/As a rule of thumb, it's better to stay away from any stranger who starts talking about finances in your DMs as they're likely up to no good. If you don't understand why these people fall for such scam, I would consider that as a good thing because you're most likely not a part of the target audience for this scam |
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wrote to support and they finally said wait 30 days, we'll see what happened.
Are you telling the truth? How did you wrote to support? It has been long that people can not contact Binance through email, or am I getting it wrong? What I know is that you can only meet their support team through social media like on Twitter. But it is better you make use of their live chat. Did you make use of their live chat? There would be bot that would be answering your question but if your case is not solved it would ask if he should transfer you to one of their customer care. By, "wrote to support" op meant they have written a message to binance support which means it doesn't solely involve emails since we can use different methods to write a message to someone. With that said, assuming the Case ID is legitimate, it's safe to say op talked to them in the live chat cause you can only get a case ID there. |
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