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Author Topic: Bitamp Bitcoin Web Wallet - Send & Receive Bitcoin Instantly!  (Read 13498 times)
bitampcom
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July 30, 2020, 10:27:42 AM
 #101

Not my keys, not my Bitcoin Cheesy

When can we expect to see Bitamp exchange enabled on your website, and what coins or fiat will be supported?
It would be great to see some roadmap, features and planned dates if possible.

At the moment, we're fully focused on being a wallet first and foremost. We really believe in what we're building and we want to get that right all the ways we can, including some features already suggested above first.

We don't really have a roadmap or planned dates -- kind of like Bitcoin too, you know? We understand needs are fluid all the time!
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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July 31, 2020, 12:51:42 PM
 #102

Someone asked us on Quora today if it was possible to buy Bitcoin from an exchange by using their local bank account (it was a commercial bank in East Africa).

Which still goes to show that a lot of people really don't know well enough the workings of a Bitcoin exchange and how you can buy Bitcoin.

But it's a good sign to see the African continent trying to catch up! What do you think guys?
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August 01, 2020, 06:22:34 AM
 #103

Monero's a great privacy coin and we're happy that Bitcoin is also looking into more privacy measures these days, but when someone asked on Quora if it was "truly untraceable", we had to say, yes, but for now.

If it doesn't stay ahead of the curve, one day it'll be found out. What do you guys think? Should we seek more privacy for Bitcoin?
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August 01, 2020, 07:00:32 AM
 #104

Monero's a great privacy coin and we're happy that Bitcoin is also looking into more privacy measures these days, but when someone asked on Quora if it was "truly untraceable", we had to say, yes, but for now.

If it doesn't stay ahead of the curve, one day it'll be found out. What do you guys think? Should we seek more privacy for Bitcoin?
theymos mentioned about Monero in Decent mixing methods
Privacy for Bitcoin transactions and don't check address with block explorers without Tor.

.
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August 02, 2020, 10:23:51 AM
 #105

theymos mentioned about Monero in Decent mixing methods
Privacy for Bitcoin transactions and don't check address with block explorers without Tor.

Indeed, Monero really is as good as it gets for the time being, regardless of how many hundred other privacy coins there are out there (believe us, there are at least over a hundred all claiming to be the most private, most secure and most anonymous).

Of course, there are as you point out also many ways to keep your privacy without the intrinsic tech in Bitcoin. Thank you for sharing!
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August 03, 2020, 08:23:15 AM
 #106

My blockchain wallet shows some balance. However, when I try to transfer, it says insufficient balance.

Ever come across this problem? One of our most common queries, actually.

There are several possible solutions here but in our experience, the most likely solutions are:

1. Setting your miner/transaction fee. Sometimes, some clients won’t calculate the fees for you so you have to ensure the fee + transaction amount does not exceed your available balance. In Electrum, one of the most popular Bitcoin wallets, once you have set your fee, you can type “!” into the transaction field to send the maximum possible amount after fees.
2. Some have a minimum amount that must be kept in the wallet.
3. Some wallets are “watch only” whereby you cannot even send the funds. You need private keys to access and manipulate funds in most wallets (with they keys you actually sign a transaction and broadcast it).

Agree?
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August 04, 2020, 09:55:18 AM
 #107

We sometimes get questions about non-Bitcoin wallet issues, and today we were asked if a single wallet was enough to store all stablecoins. Our quick answer is no, since not all stablecoins belong on the same blockchain.

The majority of them now are ERC20 tokens (so they're on Ethereum blockchain) but does anyone remember when Tether wasn't? Wink
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August 04, 2020, 05:18:05 PM
 #108

We sometimes get questions about non-Bitcoin wallet issues, and today we were asked if a single wallet was enough to store all stablecoins. Our quick answer is no, since not all stablecoins belong on the same blockchain.

The majority of them now are ERC20 tokens (so they're on Ethereum blockchain) but does anyone remember when Tether wasn't? Wink
Tether has been actively operated on three chains. Bitcoin with OMNI layer, Ethereum with ERC20 and Tron with TRC20.

.
.Duelbits.
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August 05, 2020, 06:50:40 AM
 #109

Could Bitcoin theoretically be "destroyed" if say an insanely wealthy group of people/government accumulated like 90% of all the Bitcoin in existence?


We can get into quite heated arguments at the office when we try to collectively answer questions like this but for once, we generally agreed on two assumptions that would have to happen for this theoretical scenario to pan out:
  • 1. A state/government would devalue its money less quickly than the market price of Bitcoin would rise if they started buying it up (90% is practically every satoshi in existence now).
  • 2. All the owners would have to agree to sell to the same entity.

So, theoretically, yes, practically, no. Agree?
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August 06, 2020, 06:18:47 AM
 #110

We provide a lot of advice and in a way, are wallet consultants ourselves;)

But in terms of other types of blockchain consultancies, there are others. Some common areas for blockchain consultancies include:
- talent sourcing — blockchain developers are still in demand and there aren’t nearly enough good ones who don’t already have a job so looking for the appropriate coders, developers, programmers is an area that consultancies do
- legal — regulatory compliance is increasingly important for blockchain projects today and especially if you operate cross border or work and employ remotely, this could be a service you really need.
- PR & marketing — many consultancies actually started off this way, Wachsman, one of the biggest in New York, and Amazix, one of the pioneers in consultancies, both started out broadly as blockchain marketing firms. Some of the newer ones like CryptoMarketeer continue to expand in what is probably the most competitive area of blockchain consultancy.
- smart contract auditing — almost all blockchain products use smart contracts now and because the tech is still so immature, so auditing is extremely important to identify vulnerabilities.

Which type of consultancy is a wallet consultant?Wink
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August 07, 2020, 12:36:10 AM
 #111

I've created a wallet on Bitamp, overall easy to use and user friendly to access from PC or mobile
it seems like some features can be added, such as multisign wallet and Sign/verify message

At the moment, we're fully focused on being a wallet first and foremost.
At least you already have a plan to add an Exchange feature. This would be great, if we can buy/sell and as well as being able to store assets safely because we have wallet access.

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August 07, 2020, 09:27:09 AM
 #112

I've created a wallet on Bitamp, overall easy to use and user friendly to access from PC or mobile
it seems like some features can be added, such as multisign wallet and Sign/verify message

At the moment, we're fully focused on being a wallet first and foremost.
At least you already have a plan to add an Exchange feature. This would be great, if we can buy/sell and as well as being able to store assets safely because we have wallet access.


Thank you for the feedback roycilik! We agree, it would be a good idea to do a multisig wallet but for now, what we really want to focus on is to educate people and make them aware of the importance of having your own wallet with sole access via private keys.

We agree and will pass on feedback about being able to sign/verify.

Not sure we'll ever do the exchange though!
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August 08, 2020, 01:10:40 PM
 #113

Do you lose value when you exchange crypto? Our question of the day we answered and here it is:

The short answer is yes, but the fair answer is, you almost always are guaranteed to lose value when you exchange any currency or asset at a centralized entity, whether it’s a fixed exchange like Coinbase or an orderbook exchange or trade platform like Binance or Bittrex.

You lose value in one or more of these ways:
* the spread between buy and sell price
* the commissions charged on closing or opening each trade
* the fees charged per trade

In fact, the moment you send your crypto to exchange, whether or not its to an exchange or even P2P, you “lose” value because of the fee you pay. Which makes trading a more nuanced activity when you consider you’re immediately in a losing position the moment you want to trade!
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August 09, 2020, 07:40:57 AM
 #114

Why are Coinbase fees so high?

We’re talking about money here, and people would rather pay more fees for a service they believe to be more trustworthy and safer.

That perception may not necessarily be founded on good judgment, but that’s not important to the consumer in the end.

Also, Coinbase started out in the US, and right now, there are many restrictions on crypto in the US (probably the country that regulates it the most), and Coinbase for the longest time was one of only a handful of companies that actually had a license for buying and selling Bitcoin. That license, and maintaining the legal and regulatory compliance for it, costs money, which of course is passed on to the consumer.

So, a good start to wean yourself off of these exchanges is to get your own wallet! Like Bitamp;)
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August 10, 2020, 09:34:33 AM
 #115

Someone asked us about buying and selling Bitcoin in different countries and for us, the easiest way to do this right now? Localbitcoins or Localcryptos or some similar peer-to-peer trading platform (P2P). I’m suggesting these two as the former is the oldest and biggest with the largest volume, while the second is upcoming and gaining in popularity as there is no KYC needed for it.

You can easily filter traders by country and currency from both platforms.

Of course, if you still want to keep your bitcoins in your wallet, as we'd love to, we think Bisq is a great option. What do you guys think?
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August 10, 2020, 03:39:53 PM
 #116

Someone asked us about buying and selling Bitcoin in different countries and for us, the easiest way to do this right now? Localbitcoins or Localcryptos or some similar peer-to-peer trading platform (P2P). I’m suggesting these two as the former is the oldest and biggest with the largest volume, while the second is upcoming and gaining in popularity as there is no KYC needed for it.

You can easily filter traders by country and currency from both platforms.

Of course, if you still want to keep your bitcoins in your wallet, as we'd love to, we think Bisq is a great option. What do you guys think?
There are many P2P marketplaces. A list of LocalBitcoin alternatives (P2P marketplaces). Bisq is a pure decentralized exchange. Paxful is old enough (since 2015), maybe you forgot Paxful that brings 300+ payment methods to users.

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August 11, 2020, 04:21:53 AM
 #117

I have to say that I am very impressed with how smooth everything is running here. Love the wallet and I appreciate innovation in this space, keep it up!

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August 11, 2020, 07:35:49 AM
Merited by Hhampuz (1)
 #118

There are many P2P marketplaces. A list of LocalBitcoin alternatives (P2P marketplaces). Bisq is a pure decentralized exchange. Paxful is old enough (since 2015), maybe you forgot Paxful that brings 300+ payment methods to users.

Paxful of course:) Too many to remember and with so many coming online, hard to keep up. Not to mention all the DEXes on other platforms!

I have to say that I am very impressed with how smooth everything is running here. Love the wallet and I appreciate innovation in this space, keep it up!

Thank you! We admit there is still a lot to improve and many more things on the roadmap to achieve but we're very happy to see people give feedback and comments like yours motivate us.
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August 12, 2020, 02:01:57 PM
 #119

Someone asked us today on Quora, "what would we do if we randomly received 1 BTC in our wallet?"

Well, the obvious question would be, who it’s from, and why, but it’s moot because once it’s in your wallet, it’s yours. That’s the beauty of Bitcoin;)

Ethical dilemmas, anyone?
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August 12, 2020, 02:47:32 PM
 #120

Someone asked us today on Quora, "what would we do if we randomly received 1 BTC in our wallet?"

Well, the obvious question would be, who it’s from, and why, but it’s moot because once it’s in your wallet, it’s yours. That’s the beauty of Bitcoin;)

Ethical dilemmas, anyone?
I don't see how it can happen from a stranger. Because the sender has to have BTC address of receiver. From a spreadsheet, from any source but I think most of time they are friends and have trades in the past. It is so lucky if I receive such donation by mistake and don't know who is sender to refund.

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███    ▄▄▄▄         ▄▄▄▄    ███
███   ██████       ██████   ███
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███                         ███
███   ▄████▄       ▄████▄   ███
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███▄▄                     ▄▄███
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.
.MINES.
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.
.PLINKO.
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█████  ▄▀▀                █████
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█████                     █████
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███████████████████████████████
10,000x
MULTIPLIER
NEARLY UP TO
.50%. REWARDS
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