Bitamp Bitcoin Web Wallet - Send & Receive Bitcoin Instantly!

[bitampcom]

Is GDPR a concern for Bitcoin?

Nope, not GDPR. Bitcoin never asks for your information anyway, so there is no need to process or handle personal data.

Unpopular opinion but Bitcoin’s biggest problem probably the fact that it’s still not the easiest thing to start using. A lot of friendly user apps out there now that seem easy to use but these aren’t actually Bitcoin wallets where you personally control the funds.

Actual wallets that only you control still have some way to reach a nice level of UX, but that’s one big reason we built out Bitamp (https://www.bitamp.com) wallet — so it’s easy and painless to use on web and mobile.

[bitampcom]

Why won't Bitcoin replace banks?

For the simple reason that not everyone will want to be in full control of their own money, or take full responsibility for their funds. Bitcoin, the way it was made, means you and only you decide what to do with it, so if you lose access, no one can help you recover it.

Some people, understandably, still want to trust a bank to keep their funds safe and perhaps want protection of a state guarantee/insurance.

People should remember though that many states and banks have folded in the past decades, taking all client money with them. So that’s a risk on its own.

[bitampcom]

Bitcoin has hit its highest mempool level since 2017. Stay safe guys, remember to set higher fees if the transaction is urgent, otherwise sit tight and wait for the next difficulty adjustment. These cycles are normal so don't worry!

[OcTradism]

Bitcoin has hit its highest mempool level since 2017. Stay safe guys, remember to set higher fees if the transaction is urgent, otherwise sit tight and wait for the next difficulty adjustment. These cycles are normal so don't worry!

Don't forget to use Segwit address for transaction because transaction size will be reduced and transaction fee will be cheaper for smaller size of transaction. Difficulty adjustment and price movement of bitcoin will help to reduce size of mempool or make it larger. If bitcoin skyrockets to $20000 mempool will become bigger no matter how difficulty adjustment is made.

It will be a best scenario if after next difficulty adjustment, bitcoin will be stable in price. Mempool will drop back to its normal size.

[bitampcom]

Don't forget to use Segwit address for transaction because transaction size will be reduced and transaction fee will be cheaper for smaller size of transaction. Difficulty adjustment and price movement of bitcoin will help to reduce size of mempool or make it larger. If bitcoin skyrockets to $20000 mempool will become bigger no matter how difficulty adjustment is made.

It will be a best scenario if after next difficulty adjustment, bitcoin will be stable in price. Mempool will drop back to its normal size.

Great advice! I personally think that it's events like this that will continue to push adoption of new upgrades like Segwit, and the further development of second layer like Lightning:)

Also, when things go back to normal, don't forget to consolidate your inputs;)

[coupable]

I have just noticed now that the running signature campaign is about a web wallet (i thought it's a gampbling website at first). I tried several options in the wallet and it seems good to use. However, i wouldn't ever suggest anybody (especially newbies) to use a web based wallet for the same reasons mentioned in this reply from page one :

1. Most people don't like web wallets because they are so prone to phishing attacks unlike software versions (For example MEW which started out as a web based ether wallet is one of the crypto related websites that has the largest phishing attacks, and they are trying to move away from the web based wallet. In fact, they don't encourage people to log in using Private Keys, Seed phrases or Keystore files). 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

I would suggest to lunch a mobile based wallet app with PIN password feature instead of using private keys or seeds every time to login.
I want also to ask about your benefit from this project. You seem to spend a lot of money in setup and promotion, so how you aim to generate profit from it ?  

[Bitcoin_Arena]

You seem to spend a lot of money in setup and promotion, so how you aim to generate profit from it ?  

In every business aspiring to success, money has to be spent on advertising. One of the feature I noticed where they could generate income from could be through commissions from an internal exchange which is still under development.

Another way is through donations, since it an open source project which is free for everyone

[bitampcom]

Thank you for the comments coupable! I actually agree on your points but Bitamp does have its uses -- to allow newbies to familiarize with the concept of moving to their own self custody wallet, and two, for better on-the-go access of a small hotwallet on mobile. We want Bitamp to be popular enough some day to perhaps offer integrated services with other commercial ventures:)

Which is for example what Bitcoin_Arena just said;)

[bitampcom]

What do you think guys? New month, and 60 days left to the year. Will Bitcoin continue its rally and surge towards the long-awaited ATH of 2017? Or will we need to wait a lot longer? Either way, keep your Bitcoin safe with your own private keys! Rally season tends to lead also to exchanges "getting hacked"

[bitampcom]

Personally, we don't think Bitcoin will ever drop below $10k again. Not before hitting another ATH anyway. Either way, keep your sats stacked safely behind your own private keys.

Especially important to remind people during times of excitement like now!

[bitampcom]

PSA: Bitamp wallet means only you have private key access but if your browser is infected with malware allowing hackers to listen in and steal your data, or you somehow lose your private keys to theft, then whoever has it can access your wallet. So keep your private keys safe. Keep your devices clean.

[OcTradism]

PSA: Bitamp wallet means only you have private key access but if your browser is infected with malware allowing hackers to listen in and steal your data, or you somehow lose your private keys to theft, then whoever has it can access your wallet. So keep your private keys safe. Keep your devices clean.

I keep my private keys offline and don't get Internet touch it. I don't store keys on online devices.

On Bitamp, can I create wallet offline?

Punycode and how to protect yourself from Homograph Phishing attacks?. These attacks too.

[bitampcom]

How can I top up and send Bitcoin to people in another country with minimum fees?

Try Localbitcoins as an alternative and see if there are trusted sellers in that country. Best is always to get your own Bitcoin and send it with your own wallet like Bitamp. That’s the only way you set your own fees.

(answer for a newbie)

[bitampcom]

On Bitamp, can I create wallet offline?

Actually, yes you can. A lot of complicated ways to strip the code but you can even just store this page offline if you want: https://wallet.bitamp.com/#/create.html

It'll still generate a new seed for you every time you click, without being connected to the internet. This is all client side, you never transmit it across the internet;)

[OcTradism]

On Bitamp, can I create wallet offline?

Actually, yes you can. A lot of complicated ways to strip the code but you can even just store this page offline if you want: https://wallet.bitamp.com/#/create.html

It'll still generate a new seed for you every time you click, without being connected to the internet. This is all client side, you never transmit it across the internet;)

I did not know I can do it offline on Bitamp. Your wallet is awesome by giving people way to create their wallets with Bitamp without any connection to Internet.

Some good things from Bitamp wallet on my eyes:
- Can create it with Tor browser
- Can create it offline
- 3 types of address
- 2 options to create wallet with seeds or private keys.

I try your wallet today and I have my suggestion for you.
- When I open wallet creation page, seed or private key will be displayed by default settings.
- I suggest the Bitamp team to hide it and have a Show button for user. They can click on the button to show seed or key when they are ready.
- Sometimes, people are not ready in public places and it is risky when seed or keys displayed like this.

[bitampcom]

Question was asked to us on Quora: Is it possible that OKEX withdrawals will never come back and that this cryptocurrency exchange will never recover?

It’s always possible with a centralized exchange. And that’s the risk that is always present when trusting your funds with a centralized entity, not just with OKEX and the very reason people say “not your keys, not your bitcoin”. If you haven’t already, use your own wallet and make sure all your coins are in your wallet with private keys only owned by you.

[bitampcom]

I did not know I can do it offline on Bitamp. Your wallet is awesome by giving people way to create their wallets with Bitamp without any connection to Internet.

Some good things from Bitamp wallet on my eyes:
- Can create it with Tor browser
- Can create it offline
- 3 types of address
- 2 options to create wallet with seeds or private keys.

I try your wallet today and I have my suggestion for you.
- When I open wallet creation page, seed or private key will be displayed by default settings.
- I suggest the Bitamp team to hide it and have a Show button for user. They can click on the button to show seed or key when they are ready.
- Sometimes, people are not ready in public places and it is risky when seed or keys displayed like this.

Thank you for the kind words! We'll also share this feedback on our reddit I hope you don't mind!

We know it's a web wallet and thus designed for on-the-go usage but we also like to think it gives a lot of options even at the level.

We'll pass on your suggestions to development, but we leave it to them to decide how they'll take it on!

[bitampcom]

Cryptocurrency recovery phrases are meant to be only on paper. What's a good, secure strategy for someone who often loses things?

Probably storage in a safe, which is what a lot of people do when keeping their phrase on paper — and also to separate it in two safes or locations or people. Would never recommend paper for a long term one though, something more permanent like etched metal is what is getting popular these days.

Would even commit it to memory if it’s only 12 words. What would you guys do?

[bitampcom]

It's so nice to see posts like this where people earning $15 an hour saved up money and bought using dollar cost averaging methods to eventually own 1 BTC today. It's never too late to start! We just only advice: keep your BTC in your own wallet!;)

[bitampcom]

People like to ask: what's a good amount to get started in Bitcoin?

We like to say that putting aside money every paycheck that you should assume you'll never get back is the way to go, since no one can tell what will happen to Bitcoin some day.

Dollar cost averaging with money you can afford to lose, in other words.

As long as you keep those sats in your own wallet;)