Bitcoin Forum
May 23, 2018, 11:31:56 PM *
News: Latest stable version of Bitcoin Core: 0.16.0  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Nice Hash  (Read 83 times)
Bonzowh1
Newbie
*
Offline Offline

Activity: 4
Merit: 0


View Profile
March 02, 2018, 03:52:46 PM
 #1

Is my Nice Hash address that I use to store my balance SAME as my BTC address Please advise
1527118316
Hero Member
*
Offline Offline

Posts: 1527118316

View Profile Personal Message (Offline)

Ignore
1527118316
Reply with quote  #2

1527118316
Report to moderator
1527118316
Hero Member
*
Offline Offline

Posts: 1527118316

View Profile Personal Message (Offline)

Ignore
1527118316
Reply with quote  #2

1527118316
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
ETFbitcoin
Legendary
*
Offline Offline

Activity: 1330
Merit: 1041

Use SegWit and enjoy lower fees


View Profile
March 02, 2018, 03:55:05 PM
 #2

TLDR version : Don't use exchange/services wallet since you don't have full control, use real wallet such as Electrum.

░░░░░░░▄▄▄▄▄▄
░░░░▄██████████▄
░░░██████████████
░░██████▐▌██████
█████░░░░░░░▀█████
██████▄▄░░▄▄░░██████
████████░░▀▀▄██████
████████░░▄▄▄░░█████
██████▀▀░░▀▀▀░░█████
█████░░░░░░░░█████
░░██████▐▌██████
░░░██████████████
░░░░▀██████████▀
░░░░░░░▀▀▀▀▀▀
░░░

                   BitCloak Bitcoin Mixer  
  BTC & BCH | API| MULTIADDRESS| PGP PROOF|  FAST MIX |  ESCROW|  MORE ! 

░░░░░░░▄▄▄▄▄▄
░░░░▄██████████▄
░░░██████████████
░░██████▐▌██████
█████░░░░░░░▀█████
██████▄▄░░▄▄░░██████
████████░░▀▀▄██████
████████░░▄▄▄░░█████
██████▀▀░░▀▀▀░░█████
█████░░░░░░░░█████
░░██████▐▌██████
░░░██████████████
░░░░▀██████████▀
░░░░░░░▀▀▀▀▀▀
░░░

Xynerise
Full Member
***
Offline Offline

Activity: 210
Merit: 261


39twH4PSYgDSzU7sLnRoDfthR6gWYrrPoD


View Profile
March 02, 2018, 03:59:58 PM
 #3

Yes, it is, but you are not advised to use it to store large amounts of coins as you do not own the private key to the address,NiceHash does, and if they are hacked (like they were before) then your bitcoins are gone.
It is far better to use a wallet where you have the private key or seed phrase.
Pick a wallet from here and use: https://bitcoin.org/en/choose-your-wallet
Make sure you save the seed phrase securely.

Bonzowh1
Newbie
*
Offline Offline

Activity: 4
Merit: 0


View Profile
March 02, 2018, 04:03:51 PM
 #4

Thank you for replying. I will do that.  As for BTC I transferred to Coinbase was this a good choice ?
bob123
Sr. Member
****
Offline Offline

Activity: 574
Merit: 416



View Profile
March 02, 2018, 04:29:45 PM
 #5

As for BTC I transferred to Coinbase was this a good choice ?

No. Not really.
Did you visit this (https://bitcoin.org/en/choose-your-wallet) link?
Its all explained there.

Coinbase is not a wallet. Its an exchange.
Its less secure than a web wallet and far more expensive (high withdrawal fees).

You should just switch to a wallet where you have the control over the private keys.
If you are just looking for a light weight wallet, go for electrum (https://electrum.org/#home).

Bonzowh1
Newbie
*
Offline Offline

Activity: 4
Merit: 0


View Profile
March 02, 2018, 04:55:23 PM
 #6

Thank you for replying. I have done as advised and got a electrum wallet. You advise sending my balance's from Coinbase and Nice Hash to this wallet NOW ? Sorry for my ignorence I am New to all of this.
Lassie
Member
**
Offline Offline

Activity: 125
Merit: 87


View Profile
March 02, 2018, 05:25:54 PM
 #7

Thank you for replying. I have done as advised and got a electrum wallet. You advise sending my balance's from Coinbase and Nice Hash to this wallet NOW ? Sorry for my ignorence I am New to all of this.

Yeah sure, actually any time you want you can do it but it is best if you do it right now because you should have full control over your bitcoins from the moment you recieved/bought some coins. We will never know what possibly can happen to coinbase and nicehash that will affect you, worst case is if they got hacked your bitcoins will be stolen too

castiel0504
Full Member
***
Offline Offline

Activity: 252
Merit: 108

Ultra Mega Giga Super Cool Flying Oposum!


View Profile
March 02, 2018, 05:40:52 PM
 #8

Nincehash==Coinbase. There are speculations that after CEO stepped down. Coinbase jumped in to help them recover their service, and after that their internal network has been connected(NH wallet to CB  wallet for free). Coinbase is exchange and everything is based on IOU(I own you) logic. If you don't control private keys bitcoins arent yours. So just try to get some cold or hot wallet(mobile phone, or hardware wallet, and you will be safe).
Bonzowh1
Newbie
*
Offline Offline

Activity: 4
Merit: 0


View Profile
March 02, 2018, 05:55:52 PM
 #9

Thank you for your reply.  I just transfer 50euro from my coinbase account to my new Electrum wallet But only 5.56 showing up in my balance history, does anyone explain please Huh

EDIT.


I think everything is ok, just my knowledge of all this is so basic.
Thank you all that replied to my Questions, much appreciated.
BitMaxz
Legendary
*
Offline Offline

Activity: 1078
Merit: 1019

Bitmain miners is getting worst.


View Profile
March 02, 2018, 06:50:32 PM
 #10

Thank you for your reply.  I just transfer 50euro from my coinbase account to my new Electrum wallet But only 5.56 showing up in my balance history, does anyone explain please Huh

EDIT.


I think everything is ok, just my knowledge of all this is so basic.
Thank you all that replied to my Questions, much appreciated.
I think if you install the electrum in the first time your bitcoin unit in your balance is mbtc, You can change the base unit into btc.
to change the base unit from mbtc to BTC follow this step below.
First open electrum go to tools>preferences>appearance tab> then change base unit to BTC you will see that your balance will change into 0.00556 btc something..

gloriam5
Jr. Member
*
Offline Offline

Activity: 59
Merit: 0


View Profile
March 02, 2018, 08:28:26 PM
 #11

not quite understand the question(
binting
Member
**
Offline Offline

Activity: 168
Merit: 10


View Profile
March 06, 2018, 04:10:21 AM
 #12

Is my Nice Hash address that I use to store my balance SAME as my BTC address Please advise
Well i think yes beacuse if your hash is nice, im glad to thank and glad to recognize that hash is very nice and wonderful for investing a balance and use for buying a important things.

Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!