In fact, the crypto currency market is always unpredictable, so your skills should be more important here. See with common sense if you buy a meme coin or bad altcoins it will put you in a killing spree. So to start trading you need to be patient and practice a lot as well as start trading with small money. It is normal that you will lose some trades but once you become skilled you will always win.

What can I say about the trading experience, all the trading strategies I started using were doing very well for a few days when the market was starting to improve but whenever the market went down, my trading platform showed huge losses. Currently I am losing a lot from trading. But I am not worried about the loss from my trading, I know that I can definitely recover this loss from my trading. In this case, I must be patient. If I cannot be patient, then I will not be successful. But one of the reasons I lost was because I was greedy. I was trading with ORDI Coin I bought at $72.55 but placed a sell order at $87.75. I have to see my losses due to my excessive greed. So I would like to say to every trader, do not trade with passion and never be too greedy on the trading platform. These two strategies I think are the best for trading.

Save your wallet recovery seed carefully. Don't make a mistake, it could make you regret it in the future.

Regarding the exchange wallet you use, sometimes the exchange changes the receiving address on your exchange account. Before making a deposit, it is better to check first whether the address is still the same or has changed. Sometimes people just copy their wallet from their last transaction. and it could be a delay in funds entering your exchange account.

welcome to the forum. nice to see your enthusiasm. I hope you get what you are looking for in the forum. If you have difficulty, you can ask here.

If you are talking about the slot to add a Bitcoin wallet address that's available on this forum user profile. It's not a must you add your wallet address and adding an address on your profile does not violate the forum rules but using a self-custodial wallet is always the best for crypto holding.

Firstly, mobile wallet are prone to attack but if you must use a mobile Bitcoin wallet, Electrum wallet is still the best for newbies. For the tax (I believe you mean transaction fee) is base on the congestion level of the BTC network.

Yeah, speaking of the type of device with the highest security, airgapped devices should be the safest and they can be used as primary asset storage. Since you prefer mobile, I found open source software that allows your unused android/iphone to become an offline wallet. Read the review here if you're interested https://bitcointalk.org/index.php?topic=5342004.0.
Or if you have a lot of bitcoin (say 1BTC or more), you should be able to afford a dedicated hardware wallet. https://thebitcoinhole.com/hardware-wallets

You're welcome, friend! I hope that you'll learn a lot here and you won't be distracted with many things while you have been focusing on some things. But that's fine, learn this and that at the same time since the forum is fully loaded with great people that we're all learning from and sharing their knowledge to everybody. And as for saving money and learning how to invest, it's part of your growth here and as well as your personal life. That's what I've learned in the long run when I've stayed on this community and while I am invested in Bitcoin. It's like a requirement that you'll have to learn the basics of finance and economy as Bitcoin expands to those subjects and categories as well.

Yeah. Its a pretty common tactic with shady exchanges these days - they reel you in with promises of big signup bonuses and other perks, as long as you deposit funds first.  Then once you have put in a chunk of coin, surprise surprise, you find it impossible to withdraw anything.  It preys on people's greed and gullibility. 


Unfortunately, some people seem to be destined to learn the hard way.  Your friend appears to be one of them.

Still, best advice is dont get fooled by appearances and any offer that looks too good to be true almost certainly is.

you can choose to empty it or fill it with a wallet address from a custodial wallet such as safepal, trustwallet, or atomic wallet, because filling in the wallet address from the exchange is not recommended because at any time it can change and storing your assets on the exchange does not allow you to freely manage it. so it's better for you to use the wallet address from the custodial wallet. moreover, you plan to become a holder, right? custodial wallet is the best choice.

No problem as everyone is saying but be careful of attacks like dust attacks as snowpega and with that I mean, try to read about what that means
What Is a Crypto Dusting Attack?
And other than that, keep on learning from the forum and don't hesitate to ask new questions that's making you curious.

Well, go ahead. Read the text under my avatar.
It's a good idea to first learn more about the technical side of Bitcoin, especially choosing the most risky and recommended devices for wallets, how to store keys safely. All the links provided by Potato Chips are very good for you.
Don't rush for great changes. I assume you're still in the early stages of becoming your own bank.

Take it easy, one step at a time.  Start by getting familiar with some basics about the different kinds of cryptocurrencies out there and  (I saw you asked before whats the difference between a BTC address and TRC address - questions like those are a good place to start).  Learn about the different types of wallets, what private keys, public keys and public addresses are.  Check out how transaction fees work and how they are calculated.  Getting that foundation will pay off so you dont make some costly mistake down the line.

Theres no one perfect approach for everything, a lot depends on the specific situation.  For instance, using a deposit address from a centralized exchange like Binance isn't necessarily bad if the circumstances line up right.  Lets say you just need to receive a one-time payment from someone and you dont plan on holding the coins long-term, you want to swap them.  Centralized exchanges have their downsides no doubt but that doesnt mean they cannot also have some upside too, especially for someone just getting their feet wet with all this.

For bitcoin you can Use electrum and for EVM or Ethereum Virtual Machine you can use metamask and save all the private key + Optionally add a hardware wallet to give more security on your wallet.

Metmask is flexible with any EVM chain Layer 1 and Layer 2 including top chain like bnb matic and other. + if you are using metamask never approve suspicious contract and you will be safe. yes, using binance as holding wallet is somewhat dangerous.

Dear, I would suggest you to share here a separate wallet address because using your personal wallet address to get payment from a public source is not recommended at all because some days ago I was reading a topic in which I learned about the dusk attack which works like someone will send you a very mini amount in your wallet and when you open the transaction details your wallet will be compromised so use a sperate wallet is my recommendation for you.

If you're referring to your Bitcointalk profile here then there's nothing to worry about, it belongs to you and you have the right to modify any changes to it, what you put in there doesn't violate any rule as long as it's ethical enough to reason with, there's never a time you will be required to update anything on your profile if not that you're ready and willing to do so. Welcome to Bitcointalk.

This: https://bitcointalk.org/index.php?topic=5375540.0
https://www.ledger.com/academy/private-key-and-seed-phrase-whats-the-difference

If so, you need electrum. https://bitcointalk.org/index.php?topic=5240594.0
This wallet allows generating multiple bitcoin addresses from one seed phrase.

It’s not always advisable for you to receive any form of payment directly to an exchange address it’s at a high risk level, you should always consider the security and privacy before doing that, Binance is a centralized exchange and they are against so many things you never can tell if the address which will be used to pay you from where ever you want to withdraw from is safe enough or if binance won’t mark it as bad address.

To be on the safer side always have a nine custodia wallet where you can receive all your deposit and if you want to exchange it to any currency of your choice you can either use dex exchange that don’t need KYC but if you are not good with that and if you want to use binance only send what you want to exchange and don’t send more than that for security reason and to be on the safer side.

I assume that some person add a Bitcoin address to their profile to receive donations or as a form of security. Somebody who wants to maintain privacy might send you some funds without having any form of contact through the wallet in your profile. Regarding security, you might be asked to sign a message from the address you put in your profile if you have any issues with your bitcointalk account. I think using an exchange address is not advisable because you don't have total control of the wallet. Your exchange account might be frozen or access can be restricted. It will be better to use a decentralized wallet that you have full control over.

I assume that some person add a Bitcoin address to their profile to receive donations or as a form of security. Somebody who wants to maintain privacy might send you some funds without having any form of contact through the wallet in your profile. Regarding security, you might be asked to sign a message from the address you put in your profile if you have any issues with your bitcointalk account. I think using an exchange address is not advisable because you don't have total control of the wallet. Your exchange account might be frozen or access can be restricted. It will be better to use a decentralized wallet that you have full control over.

@snuffman8, I personally see no reason why anyone should have a BTC address in their profile, unless they hope to one day receive a generous donation from a secret admirer. I used to have a BTC address in my profile in the past, but it became completely meaningless to me a long time ago - because people don't put their bank account numbers in their social network profiles, do they?

In addition, if you put your address from a centralized crypto exchange, someone could send a "donation" that could only cause you problems, because CEX does not really like coins related to gambling, mixers and anything suspicious according to their criteria.

Recommended address which is:

• You own the private key/seed phrase.
• Not the main address where you hold the majority of your bitcoin portfolio.
• It isn't a known address belonging to a banned user

You can basically put whatever you want in that field. there is no rule as to which type of Bitcoin wallet you must use.
Just remember that the deposit address Binance (or any exchange) gives you isnt technically your wallet.  You dont own that address; Binance lets you use it as part of its service and  so if you ever need to prove you own that address, like if someone hacks your account, youre out of luck.


I suggest you direct this question to the Beginners & Help board, you will get more specific answers there. But for starters, I suggest you read this topic where everything is nicely explained: [General] Bitcoin Wallets - Which, what, why?

You mean in our bitcointalk profile? technically, there is no rule that you can't add your deposit address from exchanges but I personally like adding address that I fully control and not directly associated with my personal information -- since identity verification is mandatory in binance.

If you wanna follow the same thing I do, you would need a non-custodial wallet like electrum.org

More on wallets:
1. https://bitcoiner.guide/wallet/
2. https://bitcoin.org/en/choose-your-wallet