Bitamp Bitcoin Web Wallet - Send & Receive Bitcoin Instantly!

[bitampcom]

If you really want the simplest and fastest way to try a new wallet first (which I highly recommend before you go on further) then I suggest Bitamp -- web wallet you can even just save the page and try offline to be secure.

Electrum as others suggest after this to learn about coin control and setting your own fees.

Then you'll be equipped with enough knowledge to move on after.

Agree?

[bitampcom]

Should I keep 1 BTC or 10 BTC on my wallet until 2025?

No one can tell you how much Bitcoin to keep, nor should you listen to anyone. That’s something you got to figure out on your own. I can tell you: never invest more than you can afford to lose!

Whatever else, just make sure the wallet you choose is secure and non-custodial, meaning to say, it is accessible only by you via private keys, preferably on a device only you access and never connects to the internet (since you don’t want anyone trying to access it).

Try Bitamp to familiarize yourself with non-custodial wallets before you move on and find the perfect long-term storage!

[btc_angela]

If you really want the simplest and fastest way to try a new wallet first (which I highly recommend before you go on further) then I suggest Bitamp -- web wallet you can even just save the page and try offline to be secure.

Electrum as others suggest after this to learn about coin control and setting your own fees.

Then you'll be equipped with enough knowledge to move on after.

Agree?

Definitely, to be honest I have try to apps already, and I would say that it is one of the best.

Specially at this time, we should use a wallet that we have total control of the private keys. Control of wallets also means that we can customise and set the fees to our liking, other any other services total that you can't set your own fees.

[dkbit98]

If you really want the simplest and fastest way to try a new wallet first (which I highly recommend before you go on further) then I suggest Bitamp -- web wallet you can even just save the page and try offline to be secure.

Electrum as others suggest after this to learn about coin control and setting your own fees.

Then you'll be equipped with enough knowledge to move on after.

Agree?

Electrum is standard for Bitcoin wallets, and that is why most hardware wallets are supporting connection with Electrum wallet and I think that is better than using their native applications.

I don't like using Blockchain web wallet, but I would consider testing and using Bitamp web wallet if there was some way to connect it with hardware wallets like Trezor or ledger.
Few suggestions I would make is to make bech32 native segwit address a default format to reduce fees (I see that legacy format is currently default format).
Your Tor version bitamptortcbtgit.onion should be more advertised, and not only written with small letters on the bottom of the page.

[bitampcom]

What can I do if my wallet charges too much?

It depends. If your wallet is a proper Bitcoin client like Electrum or Bitamp, then you aren’t actually charged any fees by the wallet itself but paying a miner’s fee. During periods of high network congestion this fee can get quite high, nothing you can do about it but pay, or, if it’s not urgent, pay a small fee and wait.

If your wallet actually charges you a service fee or withdrawal fee, then you really should switch to Electrum or Bitamp!

[bitampcom]

Electrum is standard for Bitcoin wallets, and that is why most hardware wallets are supporting connection with Electrum wallet and I think that is better than using their native applications.

I don't like using Blockchain web wallet, but I would consider testing and using Bitamp web wallet if there was some way to connect it with hardware wallets like Trezor or ledger.
Few suggestions I would make is to make bech32 native segwit address a default format to reduce fees (I see that legacy format is currently default format).
Your Tor version bitamptortcbtgit.onion should be more advertised, and not only written with small letters on the bottom of the page.

Thanks for the feedback, we do agree bech32 should be default but newbie users might then not realize they need legacy for some services (shocking but true many old services still can't support bech32).

[OcTradism]

Thanks for the feedback, we do agree bech32 should be default but newbie users might then not realize they need legacy for some services (shocking but true many old services still can't support bech32).

Your comment makes sense and I guess it is one of reasons the Bitamp team decide to display Legacy address type as the first, default one in the list of three types of wallets.

Can you consider to create a warning or reminder about Segwit address at this step. Then newbies will pay more attention to it, and might have more consideration to use Segwit address.

[dkbit98]

Thanks for the feedback, we do agree bech32 should be default but newbie users might then not realize they need legacy for some services (shocking but true many old services still can't support bech32).

Maybe some of those services can't generate bech32 address for receiving Bitcoin, but every address can receive coins sent from bech32 addresses that are universal senders.
I can send coins from my bc1 address to legacy format starting with 1, to addresses starting with 3 and to other bc1 address, so there is no reason for Bitamp to keep legacy address format as default especially for newbies who are more likely to complain about higher fees.

[bitampcom]

Hot wallets, used often and for probably small amounts. I’d recommend Bitamp. Web based so really easy to use instantly and on any device. But you should try out other apps as well — just be wary of dust inputs that can inflate your fees.

You guys know any better options?

[FatFork]

Hot wallets, used often and for probably small amounts. I’d recommend Bitamp. Web based so really easy to use instantly and on any device. But you should try out other apps as well — just be wary of dust inputs that can inflate your fees.

You guys know any better options?

The first and most obvious guideline is that you should never store large sums in a wallet that does not provide you with your private keys or a seed phrase. Bitamp is a non-custodial open source wallet, so it's an obvious pick. It offers traditional functionality with easy accessibility by any browser. This means it can be used by anyone who has no advanced technical knowledge of bitcoin softwares or blockchain architectures.

[Bitcoin_Arena]

Hot wallets, used often and for probably small amounts. I’d recommend Bitamp. Web based so really easy to use instantly and on any device. But you should try out other apps as well — just be wary of dust inputs that can inflate your fees.

You guys know any better options?

Since you asked for better options, I suggest hardware wallets are pretty solid in terms of security. Web based wallets are prone to phishing attacks unlike the hardware counterparts.
Do you guys have any plans to create a software wallet, maybe mobile versions of the wallet?

[FatFork]

Hot wallets, used often and for probably small amounts. I’d recommend Bitamp. Web based so really easy to use instantly and on any device. But you should try out other apps as well — just be wary of dust inputs that can inflate your fees.

You guys know any better options?

Since you asked for better options, I suggest hardware wallets are pretty solid in terms of security. Web based wallets are prone to phishing attacks unlike the hardware counterparts.
Do you guys have any plans to create a software wallet, maybe mobile versions of the wallet?

All Bitcoin wallets require users to ensure their private keys and seed phrases are safe. When we compare the impact of the two wallets, hardware wallets look more useful since they have all the benefits of software or web wallets but without the extra risk. However, as stated by bitampcom, online (hot) wallets are often used to store smaller amounts. And, prevent account hacking or illegal funds transfers, you should be aware of the various ways where you can protect yourself from online threats.
Given their cost, I don't see the point in buying a hardware wallet to store less than a few hundred dollars worth of crypto. However, that is merely my opinion, and I understand if someone disagrees.

[bitampcom]

Hot wallets, used often and for probably small amounts. I’d recommend Bitamp. Web based so really easy to use instantly and on any device. But you should try out other apps as well — just be wary of dust inputs that can inflate your fees.

You guys know any better options?

The first and most obvious guideline is that you should never store large sums in a wallet that does not provide you with your private keys or a seed phrase. Bitamp is a non-custodial open source wallet, so it's an obvious pick. It offers traditional functionality with easy accessibility by any browser. This means it can be used by anyone who has no advanced technical knowledge of bitcoin softwares or blockchain architectures.

Thanks! We believe our wallet's pretty good and we trust in the security of the Bitcoin network BUT admittedly, many users aren't aware of good security practices or good online habits, and tend to compromise their web browsers.

The software and devices you use to access wallets MUST be clean:)

[bitampcom]

Given their cost, I don't see the point in buying a hardware wallet to store less than a few hundred dollars worth of crypto. However, that is merely my opinion, and I understand if someone disagrees.

I would agree, but sometimes people believe if they buy something and set their minds to it as a symbol of intent, it becomes easier to achieve the longer term goal. I know many people who bought a hardware wallet first before even buying their first crypto:)

[bitampcom]

Question someone asked us: I sent a deposit to an address provided on a site but after I sent my Bitcoin, the address changed. Why's that and how do I see details of the transaction to the original address?

This is probably because every new deposit sent to the wallet will generate a new address for each new transaction. This is the recommended way to use your Bitcoin wallet, for privacy reasons, one address per use.

You can always look up the original tx ID on any blockchain explorer to see details of the tx (or you can look up the address of your wallet and see the outgoing tx).

[bitampcom]

How do you run a Bitcoin node and what does it mean?

Just means they're running one of the computers helping to secure the network by verifying transactions. Even you can do it easily with only about $100 cost by buying a Raspberry Pi (it can even come preloaded). This is one simple guide that should get you up and running in no time!

[bitampcom]

What is the difference between many crypto wallets we see out there?

The major difference for us is that most consumer wallets now come in two types: non-custodial and custodial. And more and more now, wallets are being developed as apps where you actually do not even own the private key OR the private key can be accessed by others (the owners usually).

Still it’s good to see a lot of Defi platforms just build front ends now and encourage people to use their own wallets like MetaMask.
Bitcoin-only wallets now are not being developed as much as I can see, so we’re happy Bitamp is still one of the few doing that:)

[OcTradism]

Still it’s good to see a lot of Defi platforms just build front ends now and encourage people to use their own wallets like MetaMask.
Bitcoin-only wallets now are not being developed as much as I can see, so we’re happy Bitamp is still one of the few doing that:)

I use Metamask but I don't like it much and any wallet like that. As use extension in browsers in not my preference if I have options to choose.

I have weird idea, swap. Can Bitamp team consider to build up a swap feature (or sweep wallet) for bitcoin stores in a Legacy address to another address type, please. I know Bitamp gives three options with three types for bitcoin wallets.

What I suggested is for people who store bitcoin in a Legacy address but later want to move their bitcoin to a Bech32 address. They also don't want to manually move their bitcoin, just want convenience and being lazy. Click on swap or sweep wallet and finish. 

[bitampcom]

Is it unsafe to use PayPal for bitcoin because you won’t have control of your private keys?

Yeah, it’s always unsafe to use a wallet where you don’t control or own your funds. Which is what happens with PayPal. But here’s another problem. You don’t actually own any Bitcoin with paypal, you only own a number in an account. You can’t send the Bitcoin out, can’t withdraw it, can only sell it back to them.

It’s pretend Bitcoin, not actual Bitcoin.

[notblox1]

Is it unsafe to use PayPal for bitcoin because you won’t have control of your private keys?

I agree that Paypal is probably the worst place for holding your bitcoin even worse than using exchanges, but people still use it a lot.
Maybe they are just lazy or they don't want to take any responsibility for holding their own wealth, and maybe most people are not yet ready for Bitcoin.
Sad, but it's probably true.