Bitamp Bitcoin Web Wallet - Send & Receive Bitcoin Instantly!

[bitampcom]

Someone asked us today on Reddit the difference between Trezor, Electrum and Bitamp.

For us, everything has a purpose. Trezor's a hardware wallet as you say and I have to say, that's about as good as you can get for a regular storage. You want as little exposure as possible online, so Trezor helps you minimize that. But, for daily Bitcoin use, you don't want to be taking out that Trezor all the time, it's not practical and probably unsafe to do that in public especially!

So that, for us, is what Electrum or Bitamp is good for. A hot wallet with funds enough for you to spend day to day and easily on mobile, without the need for very many steps. They're both available on mobile. Electrum has an app and Bitamp's just a web wallet. Accessed via pin, or in Bitamp's case, just your private key or seed.

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[Hhampuz]

Someone asked us today on Reddit the difference between Trezor, Electrum and Bitamp.

For us, everything has a purpose. Trezor's a hardware wallet as you say and I have to say, that's about as good as you can get for a regular storage. You want as little exposure as possible online, so Trezor helps you minimize that. But, for daily Bitcoin use, you don't want to be taking out that Trezor all the time, it's not practical and probably unsafe to do that in public especially!

So that, for us, is what Electrum or Bitamp is good for. A hot wallet with funds enough for you to spend day to day and easily on mobile, without the need for very many steps. They're both available on mobile. Electrum has an app and Bitamp's just a web wallet. Accessed via pin, or in Bitamp's case, just your private key or seed.

Very true, I'm a ledger user myself but I've never used it in the public, only at home. Using a web wallet through an app just makes it so much easier if you need to spend on the go, just some spending funds for daily things though and not your entire savings account, haha.

[OcTradism]

So that, for us, is what Electrum or Bitamp is good for. A hot wallet with funds enough for you to spend day to day and easily on mobile, without the need for very many steps. They're both available on mobile. Electrum has an app and Bitamp's just a web wallet. Accessed via pin, or in Bitamp's case, just your private key or seed.

Today, a newbie made the thread Storing the coins for day-to-day use? People advised like you did, only store enough funds on wallets that are used for daily and try to use some wallets with enough small fund for each.

How to lose your Bitcoins with CTRL-C CTRL-V. Electrum or Bitamp, careful to check and make sure you send coin to correct receiving address.

[bitampcom]

Very true, I'm a ledger user myself but I've never used it in the public, only at home. Using a web wallet through an app just makes it so much easier if you need to spend on the go, just some spending funds for daily things though and not your entire savings account, haha.

These days especially, I think there are people now who know what Ledgers and Trezors look like and the moment they see you whip one out it can be like a flashing sign to tell everyone HEY I've got BTC!

Today, a newbie made the thread Storing the coins for day-to-day use? People advised like you did, only store enough funds on wallets that are used for daily and try to use some wallets with enough small fund for each.

How to lose your Bitcoins with CTRL-C CTRL-V. Electrum or Bitamp, careful to check and make sure you send coin to correct receiving address.

Very good point. Always double and triple check, it only takes 5 more seconds but saves you a whole world of hurt!

[OcTradism]

Indeed, every method has its downfalls, and illegal Bitcoin ATMs is something I haven't heard of, but is a valid concern. I'd always check with the shop owner or call support (usually on a sticker on the ATM) to get confirmation first. Thanks for your feedback!

Germany Continues Shutting All Unlicensed Bitcoin ATMs. It is the thread I did not save days ago but fortunately today I see it again on the forum.

[bitampcom]

Indeed, every method has its downfalls, and illegal Bitcoin ATMs is something I haven't heard of, but is a valid concern. I'd always check with the shop owner or call support (usually on a sticker on the ATM) to get confirmation first. Thanks for your feedback!

Germany Continues Shutting All Unlicensed Bitcoin ATMs. It is the thread I did not save days ago but fortunately today I see it again on the forum.

It's basically a move to get all Bitcoin ATMs to comply with stricter AML/KYC requirements as per the EU's 5th Anti Money Laundering Directive (AMLD5) that came into effect in January this year.

COVID-19 meant enforcement was delayed, so this has been coming for a while!

[bitampcom]

Someone asked if BTC ransomware demands helped drive up Bitcoin price... but failed to see that all these ransomware attacks have barely been able to convince enough victims to send any Bitcoin. IIRC the last big ransomware attack only got people to send about $10k... not even worth 1 BTC.

Good luck if that affects the market price!

[bitampcom]

Can you buy Bitcoin as an underaged person? Of course! Bitcoin as the censorship resistant, decentralized, sovereign money means no one can dictate if you can or cannot use it.

There is no central authority to say you can’t, though you might be limited to access certain types of ways to buy them (simply because you need to be of a minimum age to use most services) but there are P2P trades (which I still suggest you ask for adult supervision) that will allow this.

Perhaps the easiest for now is to buy Bitcoin from a Bitcoin ATM with cash. Most won’t require identification for small amounts, and you can get your Bitcoin on the spot with cash payment.

[OcTradism]

Can you buy Bitcoin as an underaged person? Of course! Bitcoin as the censorship resistant, decentralized, sovereign money means no one can dictate if you can or cannot use it.

There is no central authority to say you can’t, though you might be limited to access certain types of ways to buy them (simply because you need to be of a minimum age to use most services) but there are P2P trades (which I still suggest you ask for adult supervision) that will allow this.

Perhaps the easiest for now is to buy Bitcoin from a Bitcoin ATM with cash. Most won’t require identification for small amounts, and you can get your Bitcoin on the spot with cash payment.

About P2P trades and Bitcoin ATM, I have some sources for people who have not yet known
- https://coinmap.org/
- https://coinatmradar.com/
- https://usebitcoins.info/
- P2P marketplace list

A news for porn lovers, pornhub accepted Bitcoin and Litcoin, after Verge in 2018
https://cointelegraph.com/news/pornhub-now-accepts-bitcoin-and-litecoin

[bitampcom]

About P2P trades and Bitcoin ATM, I have some sources for people who have not yet known
- https://coinmap.org/
- https://coinatmradar.com/
- https://usebitcoins.info/
- P2P marketplace list

A news for porn lovers, pornhub accepted Bitcoin and Litcoin, after Verge in 2018
https://cointelegraph.com/news/pornhub-now-accepts-bitcoin-and-litecoin

Thanks for sharing these information, hopefully many others find this useful. We personally like the idea of P2P trading and decentralizes exchanges where you keep as much control over your Bitcoin as possible. Not always possible as some P2P platforms themselves are centralized (like LBC) but every step towards total independence is a step towards the right direction:)

[jademaxsuy]

A news for porn lovers, pornhub accepted Bitcoin and Litcoin, after Verge in 2018
https://cointelegraph.com/news/pornhub-now-accepts-bitcoin-and-litecoin

I love to watch porn and was surprise to see that this porn site accept bitcoin and Litecoin crypto. Not a bad choice either having these two coins to be accepted. Meanwhile as I do a quick search about this news I found out in a certain published news sites that pornhub accepted other coins too and I take a screenshot below.


Since 2018 they accepted other crypto too with those stable coin like USDT.

I wish to see more sites and establishment slowly adapting the cryptocurrency and introduces it to the community for consumtion. By this way, more and more people will get educated about cryptocurrency and use in daily life basis as an option being decentralized and free form centralized system process, being anonymous and fast and easy transaction.

More information here,

https://news.bitcoin.com/pornhub-accepts-bitcoin-top-adult-site-cryptocurrency-payment/#:~:text=Pornhub%20Premium%20tweeted%20Tuesday%3A,uses%20Probiller%20to%20accept%20payments.

[bitampcom]

No need to post Bitcoin.com articles, we know where to find them;) But yes, Bitcoin means freedom of choice, without the risk of control, censorship, dictating authorities telling you what you can and cannot pay for. Just make sure you're always also on a wallet that protects these ideals;)

[bitampcom]

We had a young user ask about wallets that don't ask to verify age, since Coinbase he says needs him to be 18+, so we recommended to check out Bitamp or Electrum.

Both Electrum and Bitamp will never ask you for any details, and will never check or surveil you!

[NotATether]

I just realized something, for mobile users, instead of relying on an app they have to install to get a wallet, they can just use Bitamp from their mobile browsers. Then there is no need to worry about wallet apps becoming unsupported on their device, forcing them to get a new one as mobile OSes generally have short lifespans, and Bitamp enables people to have a bitcoin wallet on their old phone on tablet (suitable for small amounts of money of course!).

Well-maintained iOS wallets in particular are hard to come by so Bitamp provides a nice alternative for that without having to ditch your Apple device.

[OcTradism]

I just realized something, for mobile users, instead of relying on an app they have to install to get a wallet, they can just use Bitamp from their mobile browsers. Then there is no need to worry about wallet apps becoming unsupported on their device, forcing them to get a new one as mobile OSes generally have short lifespans, and Bitamp enables people to have a bitcoin wallet on their old phone on tablet (suitable for small amounts of money of course!).

Well-maintained iOS wallets in particular are hard to come by so Bitamp provides a nice alternative for that without having to ditch your Apple device.

Use mobile devices for crypto storage is always unsafe: misclick, device lost/ stolen or broken. It is also about people often less install security software for their mobile devices.

Anyway, on mobile devices or desktop, laptop, search to get the link of offficial site and takes link to download app from official site will help you safe. There will be notifications of updates from email, pop up messages, tweets, etc. but should never rely on them to get info and link of update.

Officially visit websites & download apps, not fake ones.

[bitampcom]

I just realized something, for mobile users, instead of relying on an app they have to install to get a wallet, they can just use Bitamp from their mobile browsers. Then there is no need to worry about wallet apps becoming unsupported on their device, forcing them to get a new one as mobile OSes generally have short lifespans, and Bitamp enables people to have a bitcoin wallet on their old phone on tablet (suitable for small amounts of money of course!).

Well-maintained iOS wallets in particular are hard to come by so Bitamp provides a nice alternative for that without having to ditch your Apple device.

Exactly! That is precisely one of the big reasons we made our Bitamp wallet to be web-based. No need to add an app and worry if it's compromised, and uninstall it etc. Access it on the go, with ANY browser, and clear it when you're done. Isn't it wonderful? And no one needs to spy on your wallet either if you go offline or Incognito with Tor.

[bitampcom]

Use mobile devices for crypto storage is always unsafe: misclick, device lost/ stolen or broken. It is also about people often less install security software for their mobile devices.

Anyway, on mobile devices or desktop, laptop, search to get the link of offficial site and takes link to download app from official site will help you safe. There will be notifications of updates from email, pop up messages, tweets, etc. but should never rely on them to get info and link of update.

Officially visit websites & download apps, not fake ones.

Good advice. Remember, there are many points of failure with devices, especially if used to go online.

We always recommend Bitamp as a good hot wallet on the go, and for reasons of hiding that you're using crypto (since you use it on mobile like you would any type of digital money) but for long-term secure storage, there really isn't better than hardware wallets!

[bitampcom]

With the markets going a bit crazy, and people generally still loading up equity into Defi, we want to offer a friendly reminder to everyone to always do your own research before putting your Bitcoin over into some project promising good returns. Even if they claim to be a self-custodial platform, just make sure you are always in control of your BTC. Sometimes, it's better to hold safe in your own wallet and earn nothing... rather than risk insecure platforms for 5% annual returns;)

[bitampcom]

Newbie asked how to use a hardware wallet without connecting to the Internet when sending a transaction. This was the explanation we gave. Think you can do better?

All you need to do is generate the signed transaction from your hardware wallet, and then that will generate the raw transaction id. Then, from an online computer, broadcast that transaction to the Bitcoin network from another client, or simply push it through another service. That's how you keep your wallet offline:)

https://www.blockchain.com/btc/pushtx

https://live.blockcypher.com/btc/pushtx/

[bitampcom]

Saw a clip on Reddit today about fintechs, Defi, custodials, now all competing with central banks to give you loans, give you interest, etc.

They all want to be your own bank, they all want to control you and your financial destiny.

Use Bitcoin. And use it properly. Take control of your money and your destiny!

PSA;)