BIT.AC :: MULTICURRENCY WALLET :: BUILT-IN INSTANT EXCHANGE :: Affiliate Program

[royalfestus]

I have not yet used the platform myself but from what I have read about bit.ac; above comment; and checking the platform itself, it seems to me that it is an instant exchange where you receive the coins on the other end as fast as possible and with this type of service the risk of "going rogue" is pretty low and practically non existent because you can technically never have your money out of your pocket for more than a couple of minutes tops!

If you get online anytime you can still check the site. It doesn't cost much most especially that you are carrying its avatar and it is getting u paid. (on a lighter mood). I was of the opinion that we should have register on the wallet and get our payment on the address from the it to have first hand information about it.

[bitac]

Although I love this wallet and use it nearly everyday. I'm concerned with who has my keys? it's not only me is it? BIT.AC also has my keys correct? Like I said I use it everyday and trust them but please answer if you do indeed also hold my keys and not only me? And why is that? Is it because there is no other way to implement Monero? Seems as though every other wallet out there trying to implement monero where only the user holds the keys has many issues, ie: Jaxx, Exodus.....If I am wrong please correct me, but for the most part I am sure there are others who are interested to hear your response. Again I use this wallet everyday and truly love it, but naturally so am a bit concerned with who else hold my keys but just myself.

Unfortunately, exporting keys is not possible at this time due to the concept of the whole system (since BIT.AC offers true instant cross currency exchange). We are considering other ways to implement 3rd party keys, but at this time export is not possible.

[BuySomeBitcoins]

Although I love this wallet and use it nearly everyday. I'm concerned with who has my keys? it's not only me is it? BIT.AC also has my keys correct? Like I said I use it everyday and trust them but please answer if you do indeed also hold my keys and not only me? And why is that? Is it because there is no other way to implement Monero? Seems as though every other wallet out there trying to implement monero where only the user holds the keys has many issues, ie: Jaxx, Exodus.....If I am wrong please correct me, but for the most part I am sure there are others who are interested to hear your response. Again I use this wallet everyday and truly love it, but naturally so am a bit concerned with who else hold my keys but just myself.

All the transactions are internal and offchain.

Just like you can not export your Coinbase wallet, the same rule apply to BIT.AC - the admins can confirm ?

[TunerDude007]

Although I love this wallet and use it nearly everyday. I'm concerned with who has my keys? it's not only me is it? BIT.AC also has my keys correct? Like I said I use it everyday and trust them but please answer if you do indeed also hold my keys and not only me? And why is that? Is it because there is no other way to implement Monero? Seems as though every other wallet out there trying to implement monero where only the user holds the keys has many issues, ie: Jaxx, Exodus.....If I am wrong please correct me, but for the most part I am sure there are others who are interested to hear your response. Again I use this wallet everyday and truly love it, but naturally so am a bit concerned with who else hold my keys but just myself.

Unfortunately, exporting keys is not possible at this time due to the concept of the whole system (since BIT.AC offers true instant cross currency exchange). We are considering other ways to implement 3rd party keys, but at this time export is not possible.

Well this is the definition of a potential counterparty risk. Good thing i trust BIT.AC but there has to be another way.

[Pursuer]

Although I love this wallet and use it nearly everyday. I'm concerned with who has my keys? it's not only me is it? BIT.AC also has my keys correct? Like I said I use it everyday and trust them but please answer if you do indeed also hold my keys and not only me? And why is that? Is it because there is no other way to implement Monero? Seems as though every other wallet out there trying to implement monero where only the user holds the keys has many issues, ie: Jaxx, Exodus.....If I am wrong please correct me, but for the most part I am sure there are others who are interested to hear your response. Again I use this wallet everyday and truly love it, but naturally so am a bit concerned with who else hold my keys but just myself.

Unfortunately, exporting keys is not possible at this time due to the concept of the whole system (since BIT.AC offers true instant cross currency exchange). We are considering other ways to implement 3rd party keys, but at this time export is not possible.

correct me if I am wrong but for this how about taking advantage of multi sig capabilities. I don't know about most of these altcoins but bitcoin and also a couple of others offer this option and it enables both parties to hold one key each.
would that be possible?

I have not yet used the platform myself but from what I have read about bit.ac; above comment; and checking the platform itself, it seems to me that it is an instant exchange where you receive the coins on the other end as fast as possible and with this type of service the risk of "going rogue" is pretty low and practically non existent because you can technically never have your money out of your pocket for more than a couple of minutes tops!

If you get online anytime you can still check the site. It doesn't cost much most especially that you are carrying its avatar and it is getting u paid. (on a lighter mood). I was of the opinion that we should have register on the wallet and get our payment on the address from the it to have first hand information about it.

I don't necessarily have to be using the services that I am advertising!
with that said I just didn't have any time to check it out since I usually have had a super busy week, but I will get around to it today

[TunerDude007]

If you don't hold your keys you don't hold your coins.....simple

[deisik]

If you don't hold your keys you don't hold your coins.....simple

This is the same with all major web wallets out there

There are hybrid wallets (like Blockchain.info wallet) which allow you to keep your keys and use them in desktop wallets, but personally, I consider this approach as very risky, i.e. riskier than using both personal and web wallets. The major reason is that in either of these use cases your private keys never hit the Web. In the case of personal wallet, they are kept on the client side (on your computer), while in the case of web wallet, they are on the server side. With hybrid wallets you are susceptible to the so-called man-in-the-middle attack (even if all the traffic is encrypted). In fact, the Blockchain wallet keys had already been stolen in the past via using a compromised Tor node (or specifically set up by hackers, I don't quite remember which)

[LeGaulois]

HI
Collecting some infos from this thread for writting a blog article, I would like to ask. Are you planning to add others altcoins in a near future ? If Yes, what is the main criteria that will make you decide to add it ?
I find the project very interesting, and the mobil app is a real +... I will have some others questions surely

What alt coins are you referring as, if you have checked the wallet it already has monore and etherem those are the two best alt coins after Bitcoins. If you ask the criteria I think they would go on the view with the public demand and need for it. Currently these three are only the most desired ones. And if you have used it you will realize it's so easy and nice to use, with its potential to to be in top 3 wallets very soon. If you do publish your research paper do post here, we all could learn more. I would also advise you to use it more so more the helpful for your article.

Well, there are a lot of people involved in altcoins that own some "less well know" altcoins. And i think, it is more usefull for this type of people.
I guess the more altcoins there are, the better it is for Bit.ac, more it attracts people. Of course i am not talking about the altcoins "fly by night"

[Kasabus]

this is the great wallet. I will try to use it after recovering my money from Coinbase. Damn it. They have stolen me 0.02 and they refuse to solve the case even I have written a support ticket. They said that they do not support my country currently and I have to wait in order to receive the fund. I hope that Bit.ac do not have this kind of trouble

That's why it's very important to diversify your deposits because we don't know what will be coming, regulations will play a vital role for any changes and there is nothing we can do but to comply with the law. I never deposit in Coinbase because I have my local exchange wallet and now I'm glad I found BIT.AC since I am planning to divide my deposits. Yeah, let's hope for the best of BIT.AC and our account in the future.

[audaciousbeing]

If you get online anytime you can still check the site. It doesn't cost much most especially that you are carrying its avatar and it is getting u paid. (on a lighter mood). I was of the opinion that we should have register on the wallet and get our payment on the address from the it to have first hand information about it.

I agree with you on this as we have other campaigns making this possible especially gambling sites that pays into the address generated on their sites this will provide the opportunity to even have a firsthand experience of the services one is advertising and even explore the other features of the site. In that way to, one can even plough back into the business by keep on using the service even after the campaign has ended.

[TastyChillySauce00]

If you get online anytime you can still check the site. It doesn't cost much most especially that you are carrying its avatar and it is getting u paid. (on a lighter mood). I was of the opinion that we should have register on the wallet and get our payment on the address from the it to have first hand information about it.

I agree with you on this as we have other campaigns making this possible especially gambling sites that pays into the address generated on their sites this will provide the opportunity to even have a firsthand experience of the services one is advertising and even explore the other features of the site. In that way to, one can even plough back into the business by keep on using the service even after the campaign has ended.

That sounds like a good idea, even though comparing a wallet service and gambling site is definitely don't suit well. It will indirectly give us experiences of using the wallet which is offered and feel the easiness of exchanging an altcoin to another just with few clicks.
But as for now, the funds for advertising were already held by Yahoo, probably possible to be realised by the devs next month if they want to extend.

[Ipwich]

HI
Collecting some infos from this thread for writting a blog article, I would like to ask. Are you planning to add others altcoins in a near future ? If Yes, what is the main criteria that will make you decide to add it ?
I find the project very interesting, and the mobil app is a real +... I will have some others questions surely

What alt coins are you referring as, if you have checked the wallet it already has monore and etherem those are the two best alt coins after Bitcoins. If you ask the criteria I think they would go on the view with the public demand and need for it. Currently these three are only the most desired ones. And if you have used it you will realize it's so easy and nice to use, with its potential to to be in top 3 wallets very soon. If you do publish your research paper do post here, we all could learn more. I would also advise you to use it more so more the helpful for your article.

Well, there are a lot of people involved in altcoins that own some "less well know" altcoins. And i think, it is more usefull for this type of people.
I guess the more altcoins there are, the better it is for Bit.ac, more it attracts people. Of course i am not talking about the altcoins "fly by night"

As bitcoin getting more attention to the outside world, the progress is also healthy for the altcoins, hence it's good to have a service where you have have different wallets of altcoins and bitcoin and that will make it easy for you to convert altcoins to bitcoin or vice versa.
The crypto currrencies will grow and more altcoins will become a legitimate coins and I'd love to see them updated to be integrated in the site.

[senyorito123]

If you get online anytime you can still check the site. It doesn't cost much most especially that you are carrying its avatar and it is getting u paid. (on a lighter mood). I was of the opinion that we should have register on the wallet and get our payment on the address from the it to have first hand information about it.

I agree with you on this as we have other campaigns making this possible especially gambling sites that pays into the address generated on their sites this will provide the opportunity to even have a firsthand experience of the services one is advertising and even explore the other features of the site. In that way to, one can even plough back into the business by keep on using the service even after the campaign has ended.

That sounds like a good idea, even though comparing a wallet service and gambling site is definitely don't suit well. It will indirectly give us experiences of using the wallet which is offered and feel the easiness of exchanging an altcoin to another just with few clicks.
But as for now, the funds for advertising were already held by Yahoo, probably possible to be realised by the devs next month if they want to extend.

dev of that site is just waiting to see some good result of his campaign and surely if he see some good stats on this one i think he will extend for more than mounts, and as participants it is your obligation to wander around to this furom so that this site ads will be visible if people decides to continue and prolong his campaign to help his cause.

[soul-impact]

If you get online anytime you can still check the site. It doesn't cost much most especially that you are carrying its avatar and it is getting u paid. (on a lighter mood). I was of the opinion that we should have register on the wallet and get our payment on the address from the it to have first hand information about it.

I agree with you on this as we have other campaigns making this possible especially gambling sites that pays into the address generated on their sites this will provide the opportunity to even have a firsthand experience of the services one is advertising and even explore the other features of the site. In that way to, one can even plough back into the business by keep on using the service even after the campaign has ended.

That sounds like a good idea, even though comparing a wallet service and gambling site is definitely don't suit well. It will indirectly give us experiences of using the wallet which is offered and feel the easiness of exchanging an altcoin to another just with few clicks.
But as for now, the funds for advertising were already held by Yahoo, probably possible to be realised by the devs next month if they want to extend.

dev of that site is just waiting to see some good result of his campaign and surely if he see some good stats on this one i think he will extend for more than mounts, and as participants it is your obligation to wander around to this furom so that this site ads will be visible if people decides to continue and prolong his campaign to help his cause.

Signature campaign will help dev in advertising the site and I think it is the most effective way here. Banner and other ad are not good enough to be considered. If you have a good fund, it will be ok to spend more money for advertise

[audaciousbeing]

I am writing this for the administrator of the site to actually look into it. I tried registering on the site in other to have a feel of the services rendered but my hope was dashed when I needed to get a password in my mail after I had put in my email address but to my surprise, I have been waiting for the mail to arrive since four hours ago. I tried registering again but my e-mail has already been used by me. Admin kindly look into it.

[bettercrypto]

I am writing this for the administrator of the site to actually look into it. I tried registering on the site in other to have a feel of the services rendered but my hope was dashed when I needed to get a password in my mail after I had put in my email address but to my surprise, I have been waiting for the mail to arrive since four hours ago. I tried registering again but my e-mail has already been used by me. Admin kindly look into it.

Have you checked your spam folder?  If you have not checked it probably it is in there.

Signature campaign will help dev in advertising the site and I think it is the most effective way here. Banner and other ad are not good enough to be considered. If you have a good fund, it will be ok to spend more money for advertise

As a paticipant we need to cover as many possible eligible threads and sections to advertise Bit.ac and not concentrate only in one section of the forum.

If you don't hold your keys you don't hold your coins.....simple

This is the same with all major web wallets out there

Indeed, I wonder why it is an issue with Bit.AC when it is not an issue to other online web wallet especially the trading platform like poloniex, bittrex etc.  As far as I know those sites hold more coins than  Bit.Ac.

[pinkflower]

If you don't hold your keys you don't hold your coins.....simple

This is the same with all major web wallets out there

There are hybrid wallets (like Blockchain.info wallet) which allow you to keep your keys and use them in desktop wallets, but personally, I consider this approach as very risky, i.e. riskier than using both personal and web wallets. The major reason is that in either of these use cases your private keys never hit the Web. In the case of personal wallet, they are kept on the client side (on your computer), while in the case of web wallet, they are on the server side. With hybrid wallets you are susceptible to the so-called man-in-the-middle attack (even if all the traffic is encrypted). In fact, the Blockchain wallet keys had already been stolen in the past via using a compromised Tor node (or specifically set up by hackers, I don't quite remember which)

Thats scary. Good thing I avoid using blockchain.info.

Anyway I want to ask if I use the Bit.ac wallet for Monero, will I still be using the advantages of having anonymous payments? I know between me and Bit.ac there will be less or no anonymity unless I use a VPN and Tor but for me and the payee, will he know that the XMR payment will come from my Bit.ac wallet?

[Gotottack]

If you don't hold your keys you don't hold your coins.....simple

This is the same with all major web wallets out there

There are hybrid wallets (like Blockchain.info wallet) which allow you to keep your keys and use them in desktop wallets, but personally, I consider this approach as very risky, i.e. riskier than using both personal and web wallets. The major reason is that in either of these use cases your private keys never hit the Web. In the case of personal wallet, they are kept on the client side (on your computer), while in the case of web wallet, they are on the server side. With hybrid wallets you are susceptible to the so-called man-in-the-middle attack (even if all the traffic is encrypted). In fact, the Blockchain wallet keys had already been stolen in the past via using a compromised Tor node (or specifically set up by hackers, I don't quite remember which)

Thats scary. Good thing I avoid using blockchain.info.

Anyway I want to ask if I use the Bit.ac wallet for Monero, will I still be using the advantages of having anonymous payments? I know between me and Bit.ac there will be less or no anonymity unless I use a VPN and Tor but for me and the payee, will he know that the XMR payment will come from my Bit.ac wallet?

That is a cause for concern if you are really paranoid of your anonymity being at stake. But I think it is still possible to remain anonymous in this case, if you just use a VPN everytime. I also don't think he'll know it came from your account, since I believe these kinds of wallets are similar to coinbase, where they don't actually use your receiving address as the sending address. Someone correct me if I am wrong here, but that is how I understood how these online wallets work.

[Juggy777]

If you don't hold your keys you don't hold your coins.....simple

This is the same with all major web wallets out there

There are hybrid wallets (like Blockchain.info wallet) which allow you to keep your keys and use them in desktop wallets, but personally, I consider this approach as very risky, i.e. riskier than using both personal and web wallets. The major reason is that in either of these use cases your private keys never hit the Web. In the case of personal wallet, they are kept on the client side (on your computer), while in the case of web wallet, they are on the server side. With hybrid wallets you are susceptible to the so-called man-in-the-middle attack (even if all the traffic is encrypted). In fact, the Blockchain wallet keys had already been stolen in the past via using a compromised Tor node (or specifically set up by hackers, I don't quite remember which)

Thats scary. Good thing I avoid using blockchain.info.

Anyway I want to ask if I use the Bit.ac wallet for Monero, will I still be using the advantages of having anonymous payments? I know between me and Bit.ac there will be less or no anonymity unless I use a VPN and Tor but for me and the payee, will he know that the XMR payment will come from my Bit.ac wallet?

I don't think you really need a VPN as I feel this wallet will keep your data anonymous, that's the whole concept of this wallets is that they shall protect your data, otherwise why would people use it. And I feel this wallet is even secure and better than coinbase.com so you can use it without worrying and just keep on enjoying the price hike. If you also see its secured enough so I think you can use this wallet and be safe. The only scenario I feel is when the government will force their hands, like if you know about irs and coinbase.com dispute in the USA court but those scenarios are rare.

[pinkflower]

If you don't hold your keys you don't hold your coins.....simple

This is the same with all major web wallets out there

There are hybrid wallets (like Blockchain.info wallet) which allow you to keep your keys and use them in desktop wallets, but personally, I consider this approach as very risky, i.e. riskier than using both personal and web wallets. The major reason is that in either of these use cases your private keys never hit the Web. In the case of personal wallet, they are kept on the client side (on your computer), while in the case of web wallet, they are on the server side. With hybrid wallets you are susceptible to the so-called man-in-the-middle attack (even if all the traffic is encrypted). In fact, the Blockchain wallet keys had already been stolen in the past via using a compromised Tor node (or specifically set up by hackers, I don't quite remember which)

Thats scary. Good thing I avoid using blockchain.info.

Anyway I want to ask if I use the Bit.ac wallet for Monero, will I still be using the advantages of having anonymous payments? I know between me and Bit.ac there will be less or no anonymity unless I use a VPN and Tor but for me and the payee, will he know that the XMR payment will come from my Bit.ac wallet?

But I think it is still possible to remain anonymous in this case, if you just use a VPN everytime.

In that case there would be no need to use Monero then. I could still use BTC and a VPN with no problems of losing any value if I held another coin like XMR.