Bitamp Bitcoin Web Wallet - Send & Receive Bitcoin Instantly!

[FatFork]

You can only get your private key for each of your receiving address.

I don't get your point here mate, are you trying to say that each time you regenerate new address on bitamp, immediately you are given out new pk?, or you mean, each type of address like legacy-address (starting with 1), P2SH-address (starting with 3), Segwit address(starting with bc1), all have their respective private key? Let me be clarified mate.

Every Bitcoin address (regardless of the type) has a corresponding private key. A public key is calculated directly from its corresponding private key (hence the name public/private key pair).

[btc78]

Thanks for all the comments, everyone. Yes, we do give on all of the feedback from you guys to our developers, don't you worry!

We can't speak as to which exactly the features they will continue to develop or if any of the feedback will be incorporated -- obviously, devs have their priorities but do know that every piece of feedback and comment is appreciated!

We as well Appreciated your comment in regards to our feeds, we are looking for the next update and feature coming from the team as we are going into developing more of what people needs and desires, to satisfy the incoming and the ongoing users.

Mobile is the future:)

It is ,as Mobile is the easiest tools to access everything we have ,specially in crypto assets that we wanted to be fully secure and safe as this is also for our future that's why we are gathering and  saving all we can from here and there.

Thanks Again for this great Creation of safer Wallet.

[btcsmlcmnr]

You can only get your private key for each of your receiving address.

I don't get your point here mate, are you trying to say that each time you regenerate new address on bitamp, immediately you are given out new pk?, or you mean, each type of address like legacy-address (starting with 1), P2SH-address (starting with 3), Segwit address(starting with bc1), all have their respective private key? Let me be clarified mate.

Did you try to create one Bitamp wallet?

If you create one wallet, you will get my point here. I am unable to explain it and as a participant in the campaign, you would try to use the wallet.

If people are giving out their private key, they don't use the Bitamp wallet. Not your keys, not your coins. You can create the wallet offline (and clear the cookies after you finish). Even when you create a wallet online, Bitamp developers claim that they don't own your keys so if you don't back up your keys, you lose your wallet. No support for wallet recovery from the team.

Every Bitcoin address (regardless of the type) has a corresponding private key. A public key is calculated directly from its corresponding private key (hence the name public/private key pair).

It is. One public address will have one private key and you will get the private key if you click on the Key icon at the right side. Three address types and each type has a list of addresses. Each address has a private key.

[bitampcom]

Why did Bitcoin break its ATH?

Many reasons, depending on what you believe.

Technical analysts point to a proven cycle of rallies shortly after a Bitcoin halving event — always around 6 months after halving. This happened twice before and appears to be happening now, roughly 6 months after the last halving on 11th May 2020.

Fundamental analysts believe it’s simply a matter of network strength. More hashpower means more security, more users and adoption means more demand and utility, and this year we’ve had strong buying interest from big companies and institutions.

[FatFork]

Why did Bitcoin break its ATH?

Many reasons, depending on what you believe.

Technical analysts point to a proven cycle of rallies shortly after a Bitcoin halving event — always around 6 months after halving. This happened twice before and appears to be happening now, roughly 6 months after the last halving on 11th May 2020.

Fundamental analysts believe it’s simply a matter of network strength. More hashpower means more security, more users and adoption means more demand and utility, and this year we’ve had strong buying interest from big companies and institutions.

Perhaps all of the above factors could explain the basics of this price surge, but the bitcoin halving probably as one of the most important to consider.
The Stock-to-Flow Model looks pretty accurate at the moment.


surce: https://www.lookintobitcoin.com/charts/stock-to-flow-model/

[btcsmlcmnr]

Technical analysts point to a proven cycle of rallies shortly after a Bitcoin halving event — always around 6 months after halving. This happened twice before and appears to be happening now, roughly 6 months after the last halving on 11th May 2020.

Halvings help bitcoin catch more attention on social media, televisions, and mass media that make noise and together they help bitcoin to attract new investors and increase its adoption. Halving also creates a feeling that bitcoin is becoming scarce a little bit more. In the history, the price tends to top up 1 year after the halving days.

Fundamental analysts believe it’s simply a matter of network strength. More hashpower means more security, more users and adoption means more demand and utility, and this year we’ve had strong buying interest from big companies and institutions.

Hashrates on the bitcoin network is big and replay attacks are impossible. Impossible because the attacks require big cost and attackers won't get benefit from their attack cost spent ahead of time. Hashrates relate to security and healthy status of the network and it also reveals us the intrinsic value of bitcoin. The higher a mining cost to mine one bitcoin, a higher potential price for bitcoin to be traded on the market.

[bitampcom]

Thanks for the continues discussions people! We got another question, not related to us much but since it's industry discussion, I thought we'd share them.

How are companies operating within the cryptocurrency industry meeting the challenges associated with obtaining access to banking?

They simply open a business entity and banking in a jurisdiction that allows them to! It’s not that difficult when you consider there are plenty of blockchain-friendly jurisdictions these days, which explains why there are many companies based there — Malta, Switzerland and now increasingly US and UK too and parts of Europe now that regulations are becoming friendlier.

Bitcoin and blockchain can’t be stopped!

Agree?

[btcsmlcmnr]

How are companies operating within the cryptocurrency industry meeting the challenges associated with obtaining access to banking?

They simply open a business entity and banking in a jurisdiction that allows them to! It’s not that difficult when you consider there are plenty of blockchain-friendly jurisdictions these days, which explains why there are many companies based there — Malta, Switzerland and now increasingly US and UK too and parts of Europe now that regulations are becoming friendlier.

Bitcoin and blockchain can’t be stopped!

Bitcoin can't be stopped. Blockchain is globally accepted by nations and governments that it is a technology for now and future so sure it can not be stopped.

Friendlier is better but it does not mean you are free from the follow up of governments. Therefore, make sure to use change addresses and avoid to disclose too much about your bitcoin investment, address and your identities. Information is caught on the Internet and the bitcoin ledger so if you disclose your information, you can not erase it.

[Yaunfitda]

Thanks for the continues discussions people! We got another question, not related to us much but since it's industry discussion, I thought we'd share them.

How are companies operating within the cryptocurrency industry meeting the challenges associated with obtaining access to banking?

I would say though that it is much easier for crypto related companies to open a bank account because the financial systems are more open and friendly, as compare to let say in 2017 wherein we heard a lot of companies bitching around because the banks closes their account because they are a crypto companies. Now even banks are into crypto and blockchain.

They simply open a business entity and banking in a jurisdiction that allows them to! It’s not that difficult when you consider there are plenty of blockchain-friendly jurisdictions these days, which explains why there are many companies based there — Malta, Switzerland and now increasingly US and UK too and parts of Europe now that regulations are becoming friendlier.

Of course, the simply and preferred way is to headquarter your company to safe haven countries as to can also take advantage of lax law specially as far as taxes go.

Bitcoin and blockchain can’t be stopped!

Agree?

Agree, the revolution has just began and there is no stopping moving forward.

[notblox1]

How are companies operating within the cryptocurrency industry meeting the challenges associated with obtaining access to banking?

They simply open a business entity and banking in a jurisdiction that allows them to! It’s not that difficult when you consider there are plenty of blockchain-friendly jurisdictions these days, which explains why there are many companies based there — Malta, Switzerland and now increasingly US and UK too and parts of Europe now that regulations are becoming friendlier.

Yes they are doing that but number of countries with less strict regulations are reducing every day, so some companies are creating their own bank to try and change the system from inside.
Real problem is that they are talking about asking KYC verification even for regular non-custodial crypto wallets and I think that is crazy.

[bitampcom]

How long do you think this cryptocurrency cycle will last?

Tough question to answer. Past cycles have never been able to last a year once it broke ATH, the last one was barely half a year old before it all went downhill quickly — albeit at its lowest point was still about 3x the old ATH. If we believe the same will happen, this means it’ll never go down below $20k again for BTC which is always a good thing.

But you know what they say. Past performance is not an indicator of future performance. Bitcoin is no different.

[bitampcom]

How can I check my BTC wallet? I have bitcoins. I have checked my address in another site. It says I have 0 bitcoins.

One of the most common questions we get on Quora, so we're sharing our answer to help anyone else who might have this issue.

-

You’ll need to provide the details of the wallet. A lot of “scam” wallets out there, which aren’t actual Bitcoin clients but centralized accounts telling you there’s a balance, when in fact, all you have is credit on personal account created on that centralized platform. Looking up your deposit address will show 0, because most centralized platforms actually sweep deposits to their central account.

So if you have a balance, withdraw it to your own Bitcoin client like Electrum or Bitamp.

[notblox1]

Bitamp can you think of adding option to sign a message from Bitamp wallet?
This option exists for Electrum wallet, and blockchain.com had this option before but I don't know any online wallet with this function.

[Yaunfitda]

Bitamp can you think of adding option to sign a message from Bitamp wallet?
This option exists for Electrum wallet, and blockchain.com had this option before but I don't know any online wallet with this function.

Yeah, this is a good option to add, not priority but a nice to have to be included later. It is very important for us to prove that you own the private keys, as the saying goes, 'not your keys, not your coins'. Although there's a lot of site that we can use to verify message, but having this on bitamp is a win-win situation for your users.

[FatFork]

Bitamp can you think of adding option to sign a message from Bitamp wallet?
This option exists for Electrum wallet, and blockchain.com had this option before but I don't know any online wallet with this function.

Blockchain.com still has this functionality (it's just a little more difficult to find).

I agree that any wallet, if there is ownership of private keys, should have the option of signing messages. This is sometimes required to prove ownership of a specific address.
I hope this is also one of the priorities of Bitamp developers.

[bitampcom]

Bitamp can you think of adding option to sign a message from Bitamp wallet?
This option exists for Electrum wallet, and blockchain.com had this option before but I don't know any online wallet with this function.

Blockchain.com still has this functionality (it's just a little more difficult to find).

I agree that any wallet, if there is ownership of private keys, should have the option of signing messages. This is sometimes required to prove ownership of a specific address.
I hope this is also one of the priorities of Bitamp developers.

We'll definitely pass it on to developers, agree it's a very useful and underused feature of security (probably why Blockchain.com doesn't even make it easy to find these days!). Thanks for the feedback guys!

[btcsmlcmnr]

Blockchain.com still has this functionality (it's just a little more difficult to find).

I agree that any wallet, if there is ownership of private keys, should have the option of signing messages. This is sometimes required to prove ownership of a specific address.
I hope this is also one of the priorities of Bitamp developers.

We'll definitely pass it on to developers, agree it's a very useful and underused feature of security (probably why Blockchain.com doesn't even make it easy to find these days!). Thanks for the feedback guys!

Please send a request to developer team that the feature to Sign and Verify message is raised by the community. If the developers make a feature to sign a message, please build up a feature to verify a message too.

Bitamp wallet provides three types of address so the feature to sign and verify message from Segwit address is possible. Some wallets fail to verify message that is sign from Segwit address. The topic How to verify SegWit signature with Brainwallet ? can help the team.

[Karartma1]

I know bitamps seeds were compatible with Electrum but I created a walelt together with a friend to show him the whole procedure and I confirm everything was good. From my side, as I've already mentioned before, it would be great to be able to set custom fees (and have LN functionalities).
 

[LittleBitFunny]

I know bitamps seeds were compatible with Electrum but I created a walelt together with a friend to show him the whole procedure and I confirm everything was good. From my side, as I've already mentioned before, it would be great to be able to set custom fees (and have LN functionalities).
 

Yes, not only Electrum but also more online wallet like bitcoin core, mycelium seeds even your hardware wallets seeds are working on Bitamp. Lightning Network function is on underdevelopment phase, hope it will be functional so soon. Now I'm too much interested to know how exchange feature will work on Bitamp, It will be amazing if we able to exchange our coin with any stable coin, then we won't have to be bothered about market crush.

[bitampcom]

I know bitamps seeds were compatible with Electrum but I created a walelt together with a friend to show him the whole procedure and I confirm everything was good. From my side, as I've already mentioned before, it would be great to be able to set custom fees (and have LN functionalities).
 

Among all the things we've definitely flagged to the developers to include as part of next future possible upgrades!

Lightning is definitely being developed, but as you can imagine it's going to take a long time to do, especially for a web wallet! It's already got a placeholder so you know it's coming;)