Hello,
I understood that Trustwallet is closed source, so it's not great. Atomic wallet has just been hacked. Ledger offers a recovery service that raises questions.
How can we be sure that our private keys have been generated securely?
Thank you
As little as I've learnt since I join this forum, I still believe the best means of securing our assets or wallet is by using hard wallet and avoid interacting with decentralized apps we do not completely trust in order not to get out wallets or recovery phrases compromised. |
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The essence of this topic is not to discourage anyone from doing the right thing especially the newbies but just to advise them on some certain things which they have failed to understand. It is not right to see a newbie account with 2 activity and zero merit advising people in the forum on the right investment to choose while investing in bitcoin especially when making the first post here. Even though you have knowledge of cryptocurrency before finding your way to the forum I think you ought to follow the due process by learning more about the things of the forum instead of teaching things you no nothing about, the forum is a place of learning no one is forcing you to teach things you don't have ideas of so don't worry about wanting to be noticed rather strive to learn faster so you can be noticed when you come out with your quality post.
I decided not to include links to some funny post of some newbies because some of them will take it as an insult instead of a motivation and I am open for any correction if I have gone too far trying to encourage them.
As it is believed that there is wisdom in listening more than talking. So also is reading more in this forum. Cultivating the Habits of reading more enables us, mostly the newbies to learn much more from the high rank members of the forum that have been here for long. |
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The first step to getting your crypto assets secured is to ensure you're using a non-custodial wallet. A wallet which you control by having its recovery phrases. You can expand the security of your assets by storing them on a hard wallet. Note that irrespective of wallet you use (hard or soft wallet), you must ensure your wallet recovery phrases are well kept from where a third party can asses it
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If I want to buy crypto, then I believe I have to go to a broker or an exchange (assuming I don't know someone who wants to sell me some). So I've got to pay them. Are they regulated enough that I can be confident that they won't just run off with my money once I've paid them? Can I pay be credit card? Then, once I have bought from the broker or exchange, do they transfer the crypto to a wallet that I control? Or do they keep the crypto in their own wallet as a custodian? If so, again, how can I trust them?
Also, is there an advantage to buying from a broker over buying on an exchange?
Thanks
Buying crypto from any broker you don't personally know is a risk too big to take when buy cryptocurrency. The best way to buy cryptocurrency is to buy on exchange and the safest place to keep your cryptocurrencies is your personal wallet which you're sure its security has not been compromised. |
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Bitcointalk forum board you're to concentrate on depends on what you wish to learn about or where your interests of contribution lies. All the boards are important and also filled with contributions from top ranking members of the forum to help all.
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One of the best means of avoiding participation in bounty campaign of a scam project is by following the well known and trusted bounty communities. Following the campaign run by top rank members of the community can also help to avoid such as they know what to look into to know if a project is real or fake.
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Airdrop differs from Airdrop. Most of the airdrops not from projects of renowned teams which have worked on long term building and having a huge backing of finance end up being scams and attempts to hack people's wallet.
The airdrops that worth going for are the ones from the likes of Arbitrum you mentioned and they don't really come for free most time.
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I have seen and witness people involving in bitcoin, most people can not stay a moment without panicking. A colleague of mine who have Minuit bitcoin has buggy me with chats and calls to update if bitcoin will survive this years, why can't people know what you're engaging into first before diving into it and start acting like a child. Different set of people are into this bitcoin, even people don't have investment are making noise of bitcoin price collapsing.
But come to think of it many have bitcoin in B figures but you can't hear them making noise but people with $30 will not allow you to rest especially if you're responsible for introducing them. Bitcoin will rise when is due to rise, remove fear and plenty rumors.
People react base on their understanding. Bitcoin is one of the safest investment in the world inasmuch you can hold until the right time to sell. |
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The first investment in cryptocurrency any newbie should consider is Bitcoin, followed by other well known altcoins like Ethereum, BNB and others. With those one, you can take time to study the market conditions and what it it's to go into other aspects of investments like DeFi, Presale and IDOs and many more.
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Keeping your cryptocurrency assets in your personal custodial wallet is the right way to keep your assets. I even encourage people to keep their funds or assets in a wallet they don't at all use to interact with any dapps which might unknowingly corrupt their wallets.
The best for m of keeping you cryptocurrency is to use a hard wallet.
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People should know any peer to peer platform requesting you to invest and take huge profits out of the system in short time will definitely collapse in to time living a good number of their investors in losses. There is nothing so sustain such platform as it depends only on new entrants of investors to pay it's existing one. |
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Artificial intelligence is on a fast track. Task that were once considered to be time consuming and energy sapping are now completed within minutes using AI. some traders sit for hours in front of their gadgets analyzing charts and studying trends yet they end up making bad trade calls, but now there are AI bots that analyses the market and places trades automatically even while you sleep.
So friends, what do you think the future have in store for BTC trading and mining?
AI is taking over and it is extremely efficient but it also has its own lapses. People have been using trading bots since a while now but they still have to work based on the programming and settings from people. We have seen lots of people using bots make huge mistakes of using millions of dollars as gas fee for transactions of just few 100s dollars. We've also seen bots trading 100 thousands of dollars for peanuts as a result of error which can be avoided by human. AI is cool and taking over. But when it comes to their application into cryptocurrencies trading, the users should be extremely careful. |
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Writing quality posts addressing real issue and targeting the audience of perceived merit source is a sure bet. And ensure when you're writing to get the community involved, the minimum details required is included in your posts.
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