Bitamp Bitcoin Web Wallet - Send & Receive Bitcoin Instantly!

[LittleBitFunny]

What kind of Coinbase account should a business set up to start accepting Bitcoin?


Why not take control of your own destiny and set up a free account to accept Bitcoin on your own, setting your fees and everything on your own. Take a look at open source BTCPayServer — just like owning Bitcoin, you should always control your keys.
Not your keys, not your coins!

Coinbase doesn't provide private keys to their user. I've seen a lot of users who has lost their access on Coinbase for sticky KYC process. Wallets those are 100% custodial like Coinbase/Freewallet etc are able to stop your account at any time without showing any reason, they can stop withdrawal request, seize funds and lock account at any time.
Resentlly I've seen this post and it will makes me scare: FreeWallet locked even Elon Musk. I still don't trust them.
So, we should use those platform who gives us private Keys and full control instead of using custodial wallet.

[bitampcom]

Can I deposit ANY crypto into Coinbase?

No. A Coinbase wallet is actually a specific crypto wallet belonging to a company called Coinbase. If it has a Bitcoin wallet, then you can deposit Bitcoin. If it doesn’t have a particular wallet for a particular network, then you can’t deposit it.
Learn to use your own non-custodial crypto wallet! Be safe in the knowledge that only you can access your own funds and they can never be taken away from you.

Start with Electrum or Bitamp for Bitcoin and experience financial sovereignty as it was meant to be:)

[bitampcom]

Why are they called Bitcoin miners?

Actually mining wasn’t the original term given to it, but because the process of securing the network, and validating and verifying transactions needs computer work, the network decided to reward these nodes/validators with new coins generated as rewards for every new block found.
In other words, they were mining new units of bitcoin. Might not be called miners once 21M is nearly reached;)

[bitampcom]

What's the easiest and fastest way to store Bitcoin?

Get your own wallet. That really is the easiest! With Bitamp, you can get your own non-custodial Bitcoin wallet in seconds — no one else can access it, and anyone anywhere it the world can start using it instantly. Sovereign money, it’s a great concept!

[bitampcom]

Can you stake Bitcoin?

These days, there are plenty of Bitcoin staking apps that allow you to “stake” your BTC in order to earn some kind of other incentives.

Technically though, you are only putting it up as collateral. Bitcoin network works on a Proof-of-Work algorithm, not a Proof-of-Stake algo which many altcoins including Ethereum are now transforming into.

[bitampcom]

How do I buy Bitcoin from PayPal?

It should be quite apparent to you on your Paypal dashboard if it’s enabled for you. If it isn’t, then your jurisdiction or account (more likely the former) isn’t allowed to buy it yet.

But here’s the thing: buying Bitcoin on Paypal or most other types of services doesn’t actually put any REAL Bitcoin in your ownership.
Why not try downloading an actual Bitcoin wallet like Electrum or Bitamp, and then go localbitcoins or some other p2p and buy REAL BTC?

[Stalker22]

But here’s the thing: buying Bitcoin on Paypal or most other types of services doesn’t actually put any REAL Bitcoin in your ownership.
Why not try downloading an actual Bitcoin wallet like Electrum or Bitamp, and then go localbitcoins or some other p2p and buy REAL BTC?

Exactly! They never get you actual private keys, they never transfer the bitcoins to a wallet you own, they never do anything really useful to the cryptocurrency. If you want to buy Bitcoin, you need to buy real Bitcoin on an exchange.
Even if you buy your Bitcoins with Paypal, there's no transfer from Paypal that will mean you have Bitcoins that can only be used on the platform itself.

[OcTradism]

Exactly! They never get you actual private keys, they never transfer the bitcoins to a wallet you own, they never do anything really useful to the cryptocurrency. If you want to buy Bitcoin, you need to buy real Bitcoin on an exchange.
Even if you buy your Bitcoins with Paypal, there's no transfer from Paypal that will mean you have Bitcoins that can only be used on the platform itself.

When you buy bitcoin on exchanges, marketplaces, merchants, you can get real bitcoin or only a credited figure that represents the amount of bitcoin you bought.

Unfortunately, "Not your keys, not your coins". Even if you open an account, and have a real bitcoin address to receive your bought bitcoin, if you don't control private key of that wallet, it is not your bitcoin. You can not withdraw it from that account if your withdrawal request is rejected. You can lose it if that exchange is shut down, hacked, scam exits.

[LittleBitFunny]

~
Unfortunately, "Not your keys, not your coins". Even if you open an account, and have a real bitcoin address to receive your bought bitcoin, if you don't control private key of that wallet, it is not your bitcoin. You can not withdraw it from that account if your withdrawal request is rejected. You can lose it if that exchange is shut down, hacked, scam exits.

Not the only reason for losing your coin is the exchange shut down or hacked. They can seize your funds without giving any reason or warning. You will find many people who lost their coin and got pause their account for KYC reason or using multiple accounts, even they failed to recover their account by contacting with the support, cause most of the exchanges are providing worst support service. This is a perfect example of "Not your keys, not your coins".

[bitampcom]

What's the difference between a crypto exchange and a crypto wallet?

They actually both have a completely different purpose — while an exchange does also have a function to store crypto, you give up the most unique benefit of owning crypto: financial sovereignty.

Using an exchange to keep your crypto is no different from keeping your money in a bank or in a service like PayPal. You may very well need an exchange service but if you want full guarantee that you and only you control your funds, leave storage to a proper non-custodial crypto wallet like Electrum or Bitamp.

[OcTradism]

They can seize your funds without giving any reason or warning.

They warn you in their ToS or FAQ. Cheaters ignore rules and try to cheat. They know what they break and which restrictions or suspensions on their accounts because of fraudulent attempts.

You will find many people who lost their coin and got pause their account for KYC reason or using multiple accounts, even they failed to recover their account by contacting with the support, cause most of the exchanges are providing worst support service.

You can not try to cheat companies and ask for support and generosity from them when they caught you.

Create multiple accounts to cheat gambling sites and when their account is frozen, terminated, they create scam accusations and try to make deal to withdraw cheated money. It is unacceptable.

[bitampcom]

They can seize your funds without giving any reason or warning.

They warn you in their ToS or FAQ. Cheaters ignore rules and try to cheat. They know what they break and which restrictions or suspensions on their accounts because of fraudulent attempts.

You will find many people who lost their coin and got pause their account for KYC reason or using multiple accounts, even they failed to recover their account by contacting with the support, cause most of the exchanges are providing worst support service.

You can not try to cheat companies and ask for support and generosity from them when they caught you.

Create multiple accounts to cheat gambling sites and when their account is frozen, terminated, they create scam accusations and try to make deal to withdraw cheated money. It is unacceptable.

Very good points. ToS are seldom customer friendly and almost every centralized service has legal points in their TOS that make it virtually possible for them to seize anything on any arbitrary season. Watch out for "we reserve the rights to" and "at our own discretion".

Bitamp wallet, use it at your own convenience, use our code if you want! We won't and can't stop you!

[BeyazTurk]

It seems Bitamp is a growing wallet, today one of my friends ask me to import my seeds on Bitamp, Cause I was far away from my macbook and I don't have any wallet installed on my mobile.
Can someone confirm me, Which seed are compatible in this wallet? Is it support multi-signature and tor?

[Swordsoffreedom]

It seems Bitamp is a growing wallet, today one of my friends ask me to import my seeds on Bitamp, Cause I was far away from my macbook and I don't have any wallet installed on my mobile.
Can someone confirm me, Which seed are compatible in this wallet? Is it support multi-signature and tor?

I always applaud those people, who have the good habit of using non-custodial wallets.
You can use your Blockchain, Mycelium, Electrum, Ledger, Trezor's seeds, and any 12 words valid seeds on Bitamp. If you Generate your seeds from Bitamp then you will also be able to import those seeds to any of the above wallets, make sure that you mark  BIP-39 seeds checkbox while import. Currently, Bitamp doesn't offer any Multi-Signature based service.
Yes, AFAIK you can login to your wallet by using the TOR network, cause Bitamp does not trace and store your browsing data and IP.

[BeyazTurk]

It seems Bitamp is a growing wallet, today one of my friends ask me to import my seeds on Bitamp, Cause I was far away from my macbook and I don't have any wallet installed on my mobile.
Can someone confirm me, Which seed are compatible in this wallet? Is it support multi-signature and tor?

I always applaud those people, who have the good habit of using non-custodial wallets.
You can use your Blockchain, Mycelium, Electrum, Ledger, Trezor's seeds, and any 12 words valid seeds on Bitamp. If you Generate your seeds from Bitamp then you will also be able to import those seeds to any of the above wallets, make sure that you mark  BIP-39 seeds checkbox while import. Currently, Bitamp doesn't offer any Multi-Signature based service.
Yes, AFAIK you can login to your wallet by using the TOR network, cause Bitamp does not trace and store your browsing data and IP.

Thank you for making it simple, it is really good that it support tor, for privacy reason I've to use tor sometimes.
I've noticed it supports only Bitcoin, It would be better if they add some major coins on their wallet, like ETH/LTC/BCH.
I didn't get any 2FA function too, it will make it more secure.

[Chikito]

any 12 words valid seeds on Bitamp.

you can import 24 seed create by another wallet also.

If you Generate your seeds from Bitamp then you will also be able to import those seeds to any of the above wallets, make sure that you mark  BIP-39 seeds checkbox while import.

this option for electrum wallet only.

Thank you for making it simple, it is really good that it support tor, for privacy reason I've to use tor sometimes.
I've noticed it supports only Bitcoin, It would be better if they add some major coins on their wallet, like ETH/LTC/BCH.
I didn't get any 2FA function too, it will make it more secure.

there had already tor onion link http://bitamptortcbtgit.onion/

[OcTradism]

Very good points. ToS are seldom customer friendly and almost every centralized service has legal points in their TOS that make it virtually possible for them to seize anything on any arbitrary season. Watch out for "we reserve the rights to" and "at our own discretion".

Companies that create centralized services would prioritize to protect their security and income first. They can try to build up mutual relationships between them and customers. Unfortunately, if in a scenario in which hey have to choose their benefits or customer protection, they will choose theirs first.

Accept this fact and use their services no matter what you read ToS, FAQ or skip it.

Bitamp wallet, use it at your own convenience, use our code if you want! We won't and can't stop you!

A non custodial wallet and can be used offline. Bitamp is a good wallet to use and be my own bank.

[bitampcom]

What are the hidden fees for a Bitcoin wallet?

There shouldn’t be any hidden charges in any wallet — if you’re using a non-custodial wallet that only you control, all you ever pay are miner fees which go directly to miners who confirm your transaction. That’s the beauty of wallets like Electrum or Bitamp — you pay exactly what you need or want to.

This is different from a custodial wallet like Coinbase or even an exchange wallet like Binance where you pay a fee THEY set, and still have no control over how much of that is precisely used to pay the fee for your transaction.

[bitampcom]

What happens if we don't store Bitcoin in any type of wallet?

Want to be surprised? Actually a lot of people have Bitcoin just like this, not in any real type of wallet but residing on an account inside some app or company platform.

Paypal is one such “wallet”. You can own Bitcoin there, but can’t actually send it out or transfer it out. Only sell it.

What happens if PayPal decides to freeze your balance or lock you out?
Get a real Bitcoin wallet like Bitamp, Electrum or many other non-custodial types. You won’t regret it!

[bitampcom]

Which wallet is the safest for crypto?

It’s all down to what you need and what you want, and the way you use Bitcoin.

If you’re just concerned about storing and see it as an investment, then you really want cold storage hardware wallets.
If you’re a power user and actually use it on a daily basis, to spend and pay people, then you want something just as secure but easy to use on the go, like from a mobile.

In the latter case, Electrum or Bitamp are perfect for that, and both can give you single use throwaway addresses offline, in a few clicks, while still giving you complete privacy and own custody:)