Bitamp Bitcoin Web Wallet - Send & Receive Bitcoin Instantly!

[bitampcom]

Have you considered integrating some sort of mixer whenever funds are being sent?

Interesting idea, we are looking at other developments first, targeted at user-friendliness (Lightning being one) but for sure, more features to enhance or add layers of privacy are always in consideration, though with a small team, could be really difficult to do everything! I would say also that looking at Samourai and similar, there doesn't seem to be much demand anyway?

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.

As many as you wish. We provide a way for you to create wallets, not accounts. So in that sense, you can create as many as you're able to manage.

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[OcTradism]

The Bitamp wallet provides a nearly similar wallet like Myetherwallet, from what I see by visiting the site.

Would you mind sharing more about the truth behind the scene, please.

Your service claims that everything with create, log in wallet are stored on browser, device, not on the Bitamp wesbite but I am curious and would like to know that how to know the claim is true?

I only want to know about a technical issue, that is the same as probably fair on casinos. If you can help, please do it.

Thank you.

[kaleid]

It's nice to find a good web wallet where private keys, seeds and other identification doesn't require to maintain a wallet that's why security issue couldn't be a major thing is this system, Hope to work with Bitamp very soon.

[bitampcom]

The Bitamp wallet provides a nearly similar wallet like Myetherwallet, from what I see by visiting the site.

Would you mind sharing more about the truth behind the scene, please.

Your service claims that everything with create, log in wallet are stored on browser, device, not on the Bitamp wesbite but I am curious and would like to know that how to know the claim is true?

I only want to know about a technical issue, that is the same as probably fair on casinos. If you can help, please do it.

Thank you.

We are an open source project, with out source code fully available on Github. You are welcome at any time to examine this and find out for yourself about the technical issues you wish to confirm for yourself.

If there is a specific technical question, feel free to ask it yourself and we will forward it to our dev.

It's nice to find a good web wallet where private keys, seeds and other identification doesn't require to maintain a wallet that's why security issue couldn't be a major thing is this system, Hope to work with Bitamp very soon.

We appreciate constructive comments, but not less than that, please try to be more specific or helpful with your comment, thank you!

[asensio22]

people recommended that web based wallet is only for the small amount of Bitcoin and other cryptocurrencies for the short term period, but for the long run, hardware or paper wallet. how do you think about this issue?

[bitampcom]

people recommended that web based wallet is only for the small amount of Bitcoin and other cryptocurrencies for the short term period, but for the long run, hardware or paper wallet. how do you think about this issue?

Being objective, we'd have to agree. Our wallet was designed for newcomers, so it's easy, quick, and accessible, without compromising the need to ensure only users have their private keys. Typically, when you need a wallet that's convenient to access, it's so you can send and receive payments all the time. So perfect for smaller balances that you need to access all the time, on the go.

Anyone with significant wealth should really invest in ultra secure storage, and shouldn't need to access it all of the time!

[asensio22]

Being objective, we'd have to agree. Our wallet was designed for newcomers, so it's easy, quick, and accessible, without compromising the need to ensure only users have their private keys. Typically, when you need a wallet that's convenient to access, it's so you can send and receive payments all the time. So perfect for smaller balances that you need to access all the time, on the go.

Anyone with significant wealth should really invest in ultra secure storage, and shouldn't need to access it all of the time!

Basically I used to get in touch most of all the invented system, like web wallet/desktop wallet and Paper wallet but I haven't got any significant issue while I using these method rather than security measures. that's why I like to take this way which doesn't need to submit my private keys.

[bitampcom]

Basically I used to get in touch most of all the invented system, like web wallet/desktop wallet and Paper wallet but I haven't got any significant issue while I using these method rather than security measures. that's why I like to take this way which doesn't need to submit my private keys.

We totally get you, and as we said above, if you've got a fortune, you shouldn't need to keep accessing it all the time. But if you have a "hot wallet" of maybe $50 or $100 that you'll often use, you really don't want to keep jacking in to your hardware wallet all the time. Especially not in public! A mobile phone app or browser like ours should be all you ever need.

[latumac1]

people recommended that web based wallet is only for the small amount of Bitcoin and other cryptocurrencies for the short term period, but for the long run, hardware or paper wallet. how do you think about this issue?

For me, A paper wallet is always favourite because of having a secure storage facilities, though in this system your private keys have to be written down so there is less chance to get hacked, but day by day web based wallet is becoming more popular than paper wallet.

[bitampcom]

For me, A paper wallet is always favourite because of having a secure storage facilities, though in this system your private keys have to be written down so there is less chance to get hacked, but day by day web based wallet is becoming more popular than paper wallet.

Paper wallets aren't really a favorite, and their major disadvantage is that they cannot survive the environment if not stored properly. Even if locked securely within a safe, you could still get water damage, heat damage. Paper simply isn't something that survives very well without good storage conditions.

[clownisme]

Suppose, someone trying to access into my wallet so is there any security measure to send email or any notification instantly to me? I know some of the wallet provides this security alarming issue which is very useful to every users.

[bitampcom]

Suppose, someone trying to access into my wallet so is there any security measure to send email or any notification instantly to me? I know some of the wallet provides this security alarming issue which is very useful to every users.

That is not a security function. The whole idea of asking you, and only you, to have access to your own Bitcoin is the highest possible security feature of Bitcoin.

If there is a way to send you your email or notification, then that means we have to store this information somewhere on our server, which means someone could possibly hack it (or we could use it).

We don't keep any information of yours.

That's the double-edged sword of being 100% responsible for your own Bitcoin:)

[NEWICO INVESTOR]

Could be used Two factor authentication in this wallet? I think this two factor authentication brings more security to the user end.

[OcTradism]

Could be used Two factor authentication in this wallet? I think this two factor authentication brings more security to the user end.

It is your key, it is your bitcoin. Secure your key.

With Bitamp wallet, from a single private key, you can have three options to get 3 types of receiving address list, for: standard(1xx), segwit (bxx), and P2SH (3xx). You can choose which types of address you want to use, from the Overview tab or from the Addresses tab. Choose it from the dropdown menu.

The wallet supports change address too.

Additionally, you can import BTC address you get from Bitamp to other wallets, such as Electrum.

On Bitamp, with each receiving address, you will have the key icon, click on it to get private key for that specific address.
Below is an example for you. You should never disclose your private key like that.

On Electrum, click on File > New/ Restore > Import Bitcoin addresses or private key:
- If you copy and paste your BTC address from Bitamp, you will get an imported, watching only on Electrum.
- If you copy and paste your private key from Bitamp, you will get an imported wallet on Electrum.
Name your wallet file and set up a good password on Electrum when you import it.

Questions and suggestions for Bitamp wallet:

- Multisig wallet
- Sign / verify a message
- Time locked address

[bitampcom]

Thank you for the very good explanation above and indeed. Not your keys, not your Bitcoin. Repeat this mantra often enough and everything about Bitcoin makes sense:)

With Bitamp wallet, from a single private key, we believe also that no other wallet gives you the ability to use ALL three supported Bitcoin address formats!

[slaman29]

^ Oh that's cool, yeah I always wanted a Bitcoin wallet that would be able to let me use legacy plus segwit. I thought it wasn't possible for a single seed phrase to give you those different types of wallets though.

Why not create a separate application also, for those who don't trust web wallets?

[prettiestgirl]

Could be used Two factor authentication in this wallet? I think this two factor authentication brings more security to the user end.

It is your key, it is your bitcoin. Secure your key.

With Bitamp wallet, from a single private key, you can have three options to get 3 types of receiving address list, for: standard(1xx), segwit (bxx), and P2SH (3xx). You can choose which types of address you want to use, from the Overview tab or from the Addresses tab. Choose it from the dropdown menu.

The wallet supports change address too.

Additionally, you can import BTC address you get from Bitamp to other wallets, such as Electrum.

On Bitamp, with each receiving address, you will have the key icon, click on it to get private key for that specific address.
Below is an example for you. You should never disclose your private key like that.

On Electrum, click on File > New/ Restore > Import Bitcoin addresses or private key:
- If you copy and paste your BTC address from Bitamp, you will get an imported, watching only on Electrum.
- If you copy and paste your private key from Bitamp, you will get an imported wallet on Electrum.
Name your wallet file and set up a good password on Electrum when you import it.

Questions and suggestions for Bitamp wallet:

- Multisig wallet
- Sign / verify a message
- Time locked address

Good to have a nice explanation, Indeed it's a good wallet, I hope bitamp is going to do better job in the coming days.

[bitampcom]

Thank you for the responses!

@slaman29: It is of course possible for a single seed phrase to give you all three types of Bitcoin addresses. Depending on the implementation, and in this case it's called a BIP39 implementation, our single wallet actually does give you all types of addresses in one wallet. We believe there are other wallets that also allow this, but none of them are open source (which means you don't know for sure they are as private as they claim they are!).

Also, we wanted to create a web wallet and not a software client because our target customers are Bitcoin newcomers who probably don't want or don't know how to manage a software wallet. We are trying to convert normal web wallet users like Coinbase, to switch to a self-controlled only web wallet. That would be a first step to using Bitcoin the way it was meant to be!

[slaman29]

Thank you for the responses!

@slaman29: It is of course possible for a single seed phrase to give you all three types of Bitcoin addresses. Depending on the implementation, and in this case it's called a BIP39 implementation, our single wallet actually does give you all types of addresses in one wallet. We believe there are other wallets that also allow this, but none of them are open source (which means you don't know for sure they are as private as they claim they are!).

Also, we wanted to create a web wallet and not a software client because our target customers are Bitcoin newcomers who probably don't want or don't know how to manage a software wallet. We are trying to convert normal web wallet users like Coinbase, to switch to a self-controlled only web wallet. That would be a first step to using Bitcoin the way it was meant to be!

I appreciate the response, thanks. Like I said, this is a cool feature but I don't think many of us here would like to use a web wallet because it's a well known vulnerability. A lot of people lose crypto to web wallets. Of course, that doesn't mean we don't use them. I use a few thanks to my activity on some crypto casinos but that's because we're using the service. But to actually store our bitcoin on a web wallet? I don't think even newbies should do that:)

[Chikito]

Bitamp is good for recovery purpose, if hardware wallet had stolen, people should use your wallet to sending it fast. But I can't see Passphrase option, Imposible to recovery using your wallet if the user had it. Also, a passphrase is the most important thing if the seed had uncompromised, someone can't access without the 13th seed.