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Author Topic: Bitamp Bitcoin Web Wallet - Send & Receive Bitcoin Instantly!  (Read 13561 times)
Chikito
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June 17, 2020, 04:38:31 AM
 #21

Thanks, I hope Bitamp would consider this issue because It's one of the essential thing to make up a web wallet stronger and secure.
Not necessary, MPK doesn't make wallets to be strong. Every people doesn't recommend a web wallet, because your keys keeping on the web wallet.

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June 18, 2020, 03:17:46 AM
 #22

As you stated that Bitamp is using the latest techonology and using the most secure system so can you give us any assurance not to be hacked anyway? I think this part goes to the users because they have to keep secure their seeds and private keys. isn't it?
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June 18, 2020, 11:29:39 AM
 #23

This type of quality Web Wallet needs for the Bitcoin Investors, I think this should be a great option for them, one thing, Curious mind wants to know is Bitamp available for Destop, iOS and Android?

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June 18, 2020, 06:36:37 PM
 #24

Hello guys! Sorry for the delay in responses. We are a really small team at Bitamp and the development, as I'm sure you understand, will take the majority of their attentions!

So here I am to hopefully provide some very basic attention to the community here at Bitcointalk. I'll do my best to answer queries and gather responses from the devs on technical questions.

So far it's looking good, but here should be provided more information about Bitamp, because people want to know every detail when they get interested in anything, It's my opinion that there is not available sufficient information about this one.

We agree that we could put up more information and this will certainly come in future. Which information do you feel is critically urgent?

1. Most people don't like web wallets because they are so prone to phishing attacks unlike software versions. ~snip Do you have any plans to creating a  software wallet?

2. You should encourage people to generate their seeds offline using your wallet (it's a more secure way) just in case someone is watching since your wallet is browser based... It could be a malicious extension on the browser of the person trying to create a wallet. This should be in the instructions just before someone generates a seed or login. ~snip

3.  I was also not able to log into your wallet offline which make it less secure. Again, pick a leaf from MyEtherwallet: https://www.myetherwallet.com/access-my-wallet


Thank you for your suggestions -- very useful to chew on. We started out with a web wallet because that is easiest for newcomers, and accessible easily without needing to install any app from any device, simply from a browser. It's certainly not the most secure form of access, but it is a step up from logging into an exchange account from your browser!

We'll look into adding those offline options, once we're a bit more confident about the actual application itself!

As you said that Bitamp is bringing to us a lot of privileged to get stored our valuable crypto but my question is that why we are gonna use your platform instead of renowned wallet because they are also backing us as same as you provide.

What we're really trying to do is to change the mindset of newcomers, encouraging them to take control of Bitcoin, using wallets where they actually have access over -- Coinbase is one example of a popular platform (which also many use as a wallet) but they have control over your private keys, not you.

Let's say, I have lost my mobile and I haven't stored a PIN of my Wallet then how could I recover my wallet? And isn't an easy option to fetch my Keys and withdraw my crypto?
OP doesn't say anything about how to recover it. I have discovered, wallet uses BIP39 Seed where you can recover into bitamp site, mycelium, electrum (BIP39 Protocol), coinomi, exodus, etc. Also, wallet created 12 words only, I tried imported 24-word mnemonic seed login worked.

Correct. The only way to recover your wallet is to import your private keys or in our case the seed. If you could recover a wallet with a pin or password sent somewhere, then that pin or password has to be stored somewhere, leaving it vulnerable to theft or hacks.

As you stated that Bitamp is using the latest techonology and using the most secure system so can you give us any assurance not to be hacked anyway? I think this part goes to the users because they have to keep secure their seeds and private keys. isn't it?

Bitcoin technology is enough to ensure that it doesn't get hacked, don't you worry;) And for us, since we never keep your keys or even see it, even if we get hacked, your keys are still yours and are always only on your side (client side). Which is the whole point we're trying to get people to have their own wallet with their own keys!

This type of quality Web Wallet needs for the Bitcoin Investors, I think this should be a great option for them, one thing, Curious mind wants to know is Bitamp available for Destop, iOS and Android?

It works from a web browser, so if you have that on your device, you can use Bitamp.

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June 19, 2020, 02:31:57 AM
 #25

Do me a favour, as a new comer to this Blockchain system, how could I know that this type of Web Wallet like Bitamp is trustworthy! Basically I am concern about the security system because I have heard a lot of hacking incidents in this platform. Is there anyone please explain about this issue?
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June 19, 2020, 05:58:57 AM
 #26

Do me a favour, as a new comer to this Blockchain system, how could I know that this type of Web Wallet like Bitamp is trustworthy! Basically I am concern about the security system because I have heard a lot of hacking incidents in this platform. Is there anyone please explain about this issue?

The honest answer here is: you don't!

But the beauty of open-source projects like ours is, you don't have to take our word for anything. Our source code is fully verifiable by you or anyone (it's on Github) to see for yourself that it works the way we say it does. If you discover a bug, or vulnerability, you can submit it and we plug it! That's really how any open source project works:)
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June 20, 2020, 03:17:42 AM
 #27

Well, What about your transaction fees? Does the transaction fees related to the increasing transaction? normally a user can pay to the miner to get faster service, what's yours?
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June 20, 2020, 11:24:42 AM
 #28

Well, What about your transaction fees? Does the transaction fees related to the increasing transaction? normally a user can pay to the miner to get faster service, what's yours?

We don't charge any fees, no regular Bitcoin wallet ever should. Any fee you pay is part of the protocol itself and goes to the miners securing the network, not us. We have three settings in the wallet: priority, regular, slow.
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June 21, 2020, 04:15:00 AM
 #29

Well, What about your transaction fees? Does the transaction fees related to the increasing transaction? normally a user can pay to the miner to get faster service, what's yours?

We don't charge any fees, no regular Bitcoin wallet ever should. Any fee you pay is part of the protocol itself and goes to the miners securing the network, not us. We have three settings in the wallet: priority, regular, slow.
That's sound very good, Except the free of cost, others features also seems to be very lucrative, I hope Bitamp will get accepted as one of the most favourite web wallet in the coming days.
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June 22, 2020, 02:26:30 AM
 #30

Basically, people always choose a web wallet based on strong security system as well as good privacy setting, some wallet is using multi signature technology so they are getting accepted to the cryptocurrency platform, that's why you should also focus on this point.
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June 22, 2020, 07:45:35 AM
 #31

Basically, people always choose a web wallet based on strong security system as well as good privacy setting, some wallet is using multi signature technology so they are getting accepted to the cryptocurrency platform, that's why you should also focus on this point.

Focus on which point exactly? You're going to have to be more specific if you want a response. Have you actually tried our wallet yet? We appreciate feedback but it has to be constructive and specific for us to be able to respond well:) Thank you for your interest!
lucas18
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June 23, 2020, 02:40:41 AM
 #32

Basically, people always choose a web wallet based on strong security system as well as good privacy setting, some wallet is using multi signature technology so they are getting accepted to the cryptocurrency platform, that's why you should also focus on this point.
So far I have gone through to this Bitamp Wallet, It's enough secure and user friendly to me, not only that but also you have got a good platform where your security is basically at your's hand, you don't have to submit any Seeds, Private Keys, or any other address, That's why It's reliable along with dependable.

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June 23, 2020, 11:10:25 AM
 #33

So far I have gone through to this Bitamp Wallet, It's enough secure and user friendly to me, not only that but also you have got a good platform where your security is basically at your's hand, you don't have to submit any Seeds, Private Keys, or any other address, That's why It's reliable along with dependable.

That really is and should be the whole point of any kind of Bitcoin wallet. Of course, some people would still prefer to have their accounts recoverable by email or some other way, but then you miss out on the whole beauty of Bitcoin otherwise (which is to retain sole control of your own money!).
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June 24, 2020, 12:55:05 AM
 #34

Generally web based wallet's main issue is the utmost security and there are many ways of stealing your password, user name and keyword even your 2FA access to your web based wallet, in this sense Bitamp has done a tremendous job by making this one where no need to store your such valuable but risky information. That's why it is very much potential to me.
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June 24, 2020, 12:47:03 PM
 #35

Generally web based wallet's main issue is the utmost security and there are many ways of stealing your password, user name and keyword even your 2FA access to your web based wallet, in this sense Bitamp has done a tremendous job by making this one where no need to store your such valuable but risky information. That's why it is very much potential to me.
of course it is, Bitamp is doesn't like any other existing web wallet based on my perception, I think they have Brough to us a improvised system and it seems to be more secured than any other, that's the thing people like for their purpose.
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June 24, 2020, 04:22:28 PM
 #36

Generally web based wallet's main issue is the utmost security and there are many ways of stealing your password, user name and keyword even your 2FA access to your web based wallet, in this sense Bitamp has done a tremendous job by making this one where no need to store your such valuable but risky information. That's why it is very much potential to me.

Well, to be perfectly fair, our wallet simply means all that sensitive data stays on the client side, so you never send US anything. But any kind of web-based service is at risk IF the client's own device or browser is compromised -- but that said, we're all about convenience and ease of use for the newbie Bitcoin user, and using a browser means sacrificing that bit of security.
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June 25, 2020, 01:51:26 AM
Last edit: June 26, 2020, 01:38:04 AM by khudro
 #37

Well, to be perfectly fair, our wallet simply means all that sensitive data stays on the client side, so you never send US anything. But any kind of web-based service is at risk IF the client's own device or browser is compromised -- but that said, we're all about convenience and ease of use for the newbie Bitcoin user, and using a browser means sacrificing that bit of security.
That sounds good, When security is the main concern then people must prefer to this Bitamp for sending and receiving their Bitcoin Instantly, that's how they could manage their worthy Bitcoin without any hesitation.
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June 25, 2020, 06:27:54 AM
 #38

That sounds good, When security is the main concern then people must prefer to this Bitamp for sending and receiving their Bitcoin Instantly, that's how they could manage their worthy Bitcoin without any hesitation.

Security is always the main concern, but unfortunately, your bitcoin is never as secure as you think it is when you're trusting a closed source online wallet that does not let you control your bitcoin. Exchanges and websites have been known to get hacked and people have lost everything when that happens. Worse still, an exit scam could take your funds in the blink of an eye.
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June 25, 2020, 08:15:38 AM
 #39

Have you considered integrating some sort of mixer whenever funds are being sent?
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June 26, 2020, 01:51:24 AM
 #40

Will Bitamp allow to use multiple account? I have seen a lot of wallet where they allow to manage multiple account regarding Bitcoin sending or receiving purpose.
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