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UPDATE: Looks like they finally honored the swap on February 13 so got my money back.
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This is a lending forum that generally requires collateral particularly for new and untrusted accounts.
It is not a charity site and certainly isn't the place to get restitution for money you feel may have been stolen from you. There are many shady and scammy operators out there and, very unfortunately, a lot of folks do lose money. I just had .07 ETH taken from me by a scammy exchange. Suggest you just accept the loss as a life lesson not to keep coins in a centralized exchange and move on. All coins should always be kept in a private wallet under your control.
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I can understand if it were sent on the wrong network, or with the wrong memo, but the request here was to transfer ETH on BASE, they provided a BASE deposit address, and I sent the funds on BASE through Coinbase wallet which is not exactly an obscure wallet. In fact I think BASE network is run by Coinbase.
So obviously they should be able to handle this or, at a bare minimum, refund the coins since they control the address. Or give me the private key to the address and I'll do it myself.
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Changelly is known as one of the scammiest exchanges out there, however in this case it might have been due to the wallet you used that caused an issue. The data you provided indicates that you made the swap from Coinbase Smart Wallet. These “smart" wallets are really just smart contracts and many exchanges can only recognize transactions that come from a normal wallet. I had a similar problem when I tried to do a swap on Sideshift.ai using the Swift smart wallet from Trust Wallet. My transaction was not recognized initially and I had to contact customer service so it could be processed.
SwapZone is just an affiliate and doesn’t handle customer funds. You will have to contact Changelly directly, give them your order ID and explain that your transaction wasn’t detected because it came from a smart contract wallet. Smart wallets don’t affect the receiver so your funds are not lost, they are in Changelly’s deposit address where they can transfer them at any time.
I opened a ticket with Changelly but have received no response. I think your theory is correct that their automated system can't handle smart wallet transactions.
Finally heard back from Changelly and it looks like they are just keeping the money. As some have mentioned very scammy. But it is spelled out in their terms of use so I guess lesson learned read all that thoroughly before using a service and understand, too, how your wallet will be sending the coins. ----- Thank you for your query. As we can see, you've sent the funds as a contract transfer instead of an ordinary transfer. Please note that we do not process such transactions, and there is no way for us to credit or refund your coins so far. We also cover this in our Terms of Use clause 2.9: https://changelly.com/terms-of-use. We appreciate your understanding on the matter! Sincerely, Changelly support team [moderator's note: consecutive posts merged] |
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Don't have a screen shot. In hindsight I should always take one. Order Id on Swapzone.IO in case perhaps they see this is 678fc70b8bbcab8b45355bd5
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I initiated a swap on Swapzone.IO through Changelly provider to exchange .07 ETH on BASE network for a different crypto. They provided a deposit address of 0x3ff62c6e0a24b951f33278afd2f313d752f9b60c to which I sent the ETH. Shows up as an internal transaction and the address is clearly now funded: https://basescan.org/address/0x3ff62c6e0a24b951f33278afd2f313d752f9b60cThey never acknowledged the deposit and never sent the requested crypto. Contacted customer service from both and got no response. So bottom line don't use Swapzone unless you don't care about those coins. Not reliable. Their providers aren't reliable. --- UPDATE: Looks like they finally honored the swap on Feb 13. |
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Where is the client and source code? Looks like just a web site.
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Why on earth would anyone send you collateral if you control the BTC?
"Hey I'll let you look at the $10,000 in my account and maybe let you do a trade or two on it if you send me $4,300 first".
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Reminder that the real Satoshi has known Bitcoin addresses, including some that have a huge amount of coins, so all he needs to do when he is ready to come back into the public world is to sign a message with the associated private key.
Of course there is a chance he's passed away but anyone ALIVE who is claiming to be Satoshi should be disregarded until he signs a NEW message with a private key associated with a known address.
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under fidelity FBTC the OP does not own a share of BTC
he owns a share of a fidelity company share. he cannot redeem that share for actual BTC. he has no ownership rights of actual BTC
however yes using the 401k method to own shares EXPOSED to bitcoin PRICE. means he gets the exact same ups-down of the market movements, with for him the upside that he can purchase exposure amounts at a discount due to pre-tax share purchasing. and tax free selling of shares
but its still worth stating the OP does not have ownership rights over actual bitcoin.
With an ETF shareholders, admittedly only the larger ones, have a right to redemption meaning they can request delivery of the underlying asset. To simplify the Bitcoin ETF's it is a cash only redemption meaning you would get the spot market price of Bitcoin not physical Bitcoin but effectively it's the same thing. So with an ETF in a very real sense the shareholders are owners of the underlying asset and the fund manger, in this case Fidelity, is just a custodian. It's not as good as holding Bitcoin in your own wallet but has the advantage that you can get access to it through an IRA or 401k with a linked brokerage account. |
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So I would assume that your 401k has a brokerage account option that allows you to invest in funds that are not offered by the plan its self, correct? Otherwise I highly doubt that any 401k/403b/457b etc would have any sort of Bitcoin ETF available inside the plan itself.
I'm curious of the parameters that surround utilizing this brokerage account in connection with your 401k..are you paying a fee for it?
Yes this is correct quite a few 401k's including mine allow you direct control of investments through a linked brokerage account. They charge an annual fee for it but it is modest particularly in my case as I have a fairly good sized balance in the account. |
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I have a feeling that the wide availability of Bitcoin ETFs will herald one of the longest and most stable bull markets for Bitcoin that we have seen to date. I've always invested in BTC using a private wallet but with Fidelity's offering I feel fairly safe and confident putting a portion of my 401k into it. I had to check a few boxes that I accept the risk but other than that Fidelity authorized the transaction.
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Proof of payment checks out. If you didn't receive the funds chances are your wallet is misconfigured. That's not Despairo's fault.
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Dogecoin has been dead for years, it is a copy paste coin with no useful purpose, but there are periods where it was price pumped by a billionaire likely for his own personal profit or that of his friends. SEC should really investigate.
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Every day it seems a new story emerges about an exchange going bankrupt. Has been a recurring pattern since the Mt. Gox collapse. Why, with so many examples of failures, do people continue to keep their money on these? You don't own crypto if you have "coins" on an exchange, you have an IOU from a business that may or may not even be solvent.
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Hardware wallets are typically 2FA, meaning a PIN is required, so loss of the wallet shouldn't compromise your private key. For the wallet words, you could store those in an encrypted file system on an offline device. Printing them out in a folder labeled "my private keys!" or keeping them in a safety deposit box, particularly, is not very secure. Safety deposit boxes are very common theft targets and a thief will assume anything he gets out of one must have value.
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To OP - of course they exchange numbers. That's why it is a DIGITAL currency. If they exchanged something other than numbers, it would be analog.
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This is solved by requiring consensus before validating transactions. A bogus node can get lucky and, at great expenses, validate a double spend but it would be caught and rejected with the next block. That is why transactions aren't generally considered durable until six confirmations. At that point, it is infinitesimally unlikely that a bad actor would have been able to validate six blocks in a row.
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It has real value, but the fiat to Bitcoin conversion rate is not a very accurate assessment of it. Tends to get overbought and oversold as the mood varies from euphoria to panic.
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People buy NFT’s because they think they can sell it to somebody else from a higher price. That’s the only reason for their existence. In other words, NFT’s are nothing but ponzi schemes. Eventually people will run out of fools and NFT’s will go away but bitcoin will survive just like how it survived the previous bear markets.
I don't have an issue with that. The "Greater Fool" concept has driven the rare coin and art markets for centuries. My big problem is that you aren't actually buying the art when you buy an NFT but, rather, in most cases all you are getting is some metadata that describes a piece of art that is stored somewhere else. It is like buying the Mona Lisa but, instead of the painting, you get a piece of paper saying you have the rights to a bit of wall space at the Louvre. That's great until they move the painting. Then you own some drywall. |
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