BINANCE AS HOLDER

[Dunamisx]

Please guys, i didnt find any topic about it. When i was updating my profile, it has a field to add our btc adress. So, i took my deposit adress from binance and added there. But i know this is not the right thing.

So, for a totally newbie, what app, website, source code, anything. What should i do to have an adress that will not be violated?

If you're referring to your Bitcointalk profile here then there's nothing to worry about, it belongs to you and you have the right to modify any changes to it, what you put in there doesn't violate any rule as long as it's ethical enough to reason with, there's never a time you will be required to update anything on your profile if not that you're ready and willing to do so. Welcome to Bitcointalk.

[snowpega]

Dear, I would suggest you to share here a separate wallet address because using your personal wallet address to get payment from a public source is not recommended at all because some days ago I was reading a topic in which I learned about the dusk attack which works like someone will send you a very mini amount in your wallet and when you open the transaction details your wallet will be compromised so use a sperate wallet is my recommendation for you.

[snuffman8]

Dear, I would suggest you to share here a separate wallet address because using your personal wallet address to get payment from a public source is not recommended at all because some days ago I was reading a topic in which I learned about the dusk attack which works like someone will send you a very mini amount in your wallet and when you open the transaction details your wallet will be compromised so use a sperate wallet is my recommendation for you.

Thanks for the advice. Im going to remove it from now on.

If you're referring to your Bitcointalk profile here then there's nothing to worry about, it belongs to you and you have the right to modify any changes to it, what you put in there doesn't violate any rule as long as it's ethical enough to reason with, there's never a time you will be required to update anything on your profile if not that you're ready and willing to do so. Welcome to Bitcointalk.

Yes yes not a problem here at the forum, just about the adress of the exchange itself. Thanks for the advice!

[tabas]

No problem as everyone is saying but be careful of attacks like dust attacks as snowpega and with that I mean, try to read about what that means
What Is a Crypto Dusting Attack?
And other than that, keep on learning from the forum and don't hesitate to ask new questions that's making you curious.

[rat03gopoh]

Im gonna install it on my phone and give a try.

Well, go ahead. Read the text under my avatar.
It's a good idea to first learn more about the technical side of Bitcoin, especially choosing the most risky and recommended devices for wallets, how to store keys safely. All the links provided by Potato Chips are very good for you.
Don't rush for great changes. I assume you're still in the early stages of becoming your own bank.

[Stalker22]

Yes yes not a problem here at the forum, just about the adress of the exchange itself. Thanks for the advice!

Take it easy, one step at a time.  Start by getting familiar with some basics about the different kinds of cryptocurrencies out there and  (I saw you asked before whats the difference between a BTC address and TRC address - questions like those are a good place to start).  Learn about the different types of wallets, what private keys, public keys and public addresses are.  Check out how transaction fees work and how they are calculated.  Getting that foundation will pay off so you dont make some costly mistake down the line.

Theres no one perfect approach for everything, a lot depends on the specific situation.  For instance, using a deposit address from a centralized exchange like Binance isn't necessarily bad if the circumstances line up right.  Lets say you just need to receive a one-time payment from someone and you dont plan on holding the coins long-term, you want to swap them.  Centralized exchanges have their downsides no doubt but that doesnt mean they cannot also have some upside too, especially for someone just getting their feet wet with all this.

[dansus021]

For bitcoin you can Use electrum and for EVM or Ethereum Virtual Machine you can use metamask and save all the private key + Optionally add a hardware wallet to give more security on your wallet.

Metmask is flexible with any EVM chain Layer 1 and Layer 2 including top chain like bnb matic and other. + if you are using metamask never approve suspicious contract and you will be safe. yes, using binance as holding wallet is somewhat dangerous.

[Samlucky O]

@snuffman8, I personally see no reason why anyone should have a BTC address in their profile, unless they hope to one day receive a generous donation from a secret admirer. I used to have a BTC address in my profile in the past, but it became completely meaningless to me a long time ago - because people don't put their bank account numbers in their social network profiles, do they?

You've just spoken my mind. It is pointless putting btc address on BTT profile. Because it means nothing and moreover it is coming from a newbie. Even signature campaign btc address is only used in applying for campaign in the campaign thread and if they are hired by the manager they receive payment without including their btc address on their profile. Just like you said no one would put his account number in social media. The only people who are supposed to put such wallet adres are organisation that receives payment from across the world. Like multinational company, schools, social media page of orphanage home, and maybe organisation seeking for mass domination from people of free will. This are organisation that need to include Bitcoin wallet address on their profiles.

[snuffman8]

No problem as everyone is saying but be careful of attacks like dust attacks as snowpega and with that I mean, try to read about what that means
What Is a Crypto Dusting Attack?
And other than that, keep on learning from the forum and don't hesitate to ask new questions that's making you curious.

Thank you my friend! Yes, im learning a lot here and really want to know more about this world, save some money and invest.

Well, go ahead. Read the text under my avatar.
It's a good idea to first learn more about the technical side of Bitcoin, especially choosing the most risky and recommended devices for wallets, how to store keys safely. All the links provided by Potato Chips are very good for you.
Don't rush for great changes. I assume you're still in the early stages of becoming your own bank.

Yes im still learning about wallets and crypto. Im gonna try to use everything on my phone, because i got my computer hacked one or two times, so im not safe to use for it.
Btw, i think i saw somewhere that you have how to make a physical and offline wallet, so maybe thats gonna be my research from now. For now, thanks for your contribution.

Take it easy, one step at a time.  Start by getting familiar with some basics about the different kinds of cryptocurrencies out there and  (I saw you asked before whats the difference between a BTC address and TRC address - questions like those are a good place to start).  Learn about the different types of wallets, what private keys, public keys and public addresses are.  Check out how transaction fees work and how they are calculated.  Getting that foundation will pay off so you dont make some costly mistake down the line.

Theres no one perfect approach for everything, a lot depends on the specific situation.  For instance, using a deposit address from a centralized exchange like Binance isn't necessarily bad if the circumstances line up right.  Lets say you just need to receive a one-time payment from someone and you dont plan on holding the coins long-term, you want to swap them.  Centralized exchanges have their downsides no doubt but that doesnt mean they cannot also have some upside too, especially for someone just getting their feet wet with all this.

Youre perfectly right. I had to receive some non recurrent payments so i used binance, swapped to my currency and thats it. But now, i want to learn more because im in a new job that is paying me in crypto, USDT. And i want to learn and save them (swap to BTC of course).

For bitcoin you can Use electrum and for EVM or Ethereum Virtual Machine you can use metamask and save all the private key + Optionally add a hardware wallet to give more security on your wallet.

Metmask is flexible with any EVM chain Layer 1 and Layer 2 including top chain like bnb matic and other. + if you are using metamask never approve suspicious contract and you will be safe. yes, using binance as holding wallet is somewhat dangerous.

Im a programmer and i have a VPS, so you think i can put something there instead of using a virtual machine at my own computer?

[moneystery]

you can choose to empty it or fill it with a wallet address from a custodial wallet such as safepal, trustwallet, or atomic wallet, because filling in the wallet address from the exchange is not recommended because at any time it can change and storing your assets on the exchange does not allow you to freely manage it. so it's better for you to use the wallet address from the custodial wallet. moreover, you plan to become a holder, right? custodial wallet is the best choice.

[snuffman8]

you can choose to empty it or fill it with a wallet address from a custodial wallet such as safepal, trustwallet, or atomic wallet, because filling in the wallet address from the exchange is not recommended because at any time it can change and storing your assets on the exchange does not allow you to freely manage it. so it's better for you to use the wallet address from the custodial wallet. moreover, you plan to become a holder, right? custodial wallet is the best choice.

Yes you are right. I just want a wallet where i can put everything there and do not touch so soon. Im gonna try electrum at first and make 2 or 3 wallets. In the meanwhile, im gonna reasearch cold wallets that i found out with the help here that its the best option in this case.

[tabas]

No problem as everyone is saying but be careful of attacks like dust attacks as snowpega and with that I mean, try to read about what that means
What Is a Crypto Dusting Attack?
And other than that, keep on learning from the forum and don't hesitate to ask new questions that's making you curious.

Thank you my friend! Yes, im learning a lot here and really want to know more about this world, save some money and invest.

You're welcome, friend! I hope that you'll learn a lot here and you won't be distracted with many things while you have been focusing on some things. But that's fine, learn this and that at the same time since the forum is fully loaded with great people that we're all learning from and sharing their knowledge to everybody. And as for saving money and learning how to invest, it's part of your growth here and as well as your personal life. That's what I've learned in the long run when I've stayed on this community and while I am invested in Bitcoin. It's like a requirement that you'll have to learn the basics of finance and economy as Bitcoin expands to those subjects and categories as well.

[snuffman8]

No problem as everyone is saying but be careful of attacks like dust attacks as snowpega and with that I mean, try to read about what that means
What Is a Crypto Dusting Attack?
And other than that, keep on learning from the forum and don't hesitate to ask new questions that's making you curious.

Thank you my friend! Yes, im learning a lot here and really want to know more about this world, save some money and invest.

You're welcome, friend! I hope that you'll learn a lot here and you won't be distracted with many things while you have been focusing on some things. But that's fine, learn this and that at the same time since the forum is fully loaded with great people that we're all learning from and sharing their knowledge to everybody. And as for saving money and learning how to invest, it's part of your growth here and as well as your personal life. That's what I've learned in the long run when I've stayed on this community and while I am invested in Bitcoin. It's like a requirement that you'll have to learn the basics of finance and economy as Bitcoin expands to those subjects and categories as well.

I've been seeing that this forum its not only about btc and cryptocurrencies itself and this is making me really happy to learn from here. Thanks!

[rat03gopoh]

Btw, i think i saw somewhere that you have how to make a physical and offline wallet

Yeah, speaking of the type of device with the highest security, airgapped devices should be the safest and they can be used as primary asset storage. Since you prefer mobile, I found open source software that allows your unused android/iphone to become an offline wallet. Read the review here if you're interested https://bitcointalk.org/index.php?topic=5342004.0.
Or if you have a lot of bitcoin (say 1BTC or more), you should be able to afford a dedicated hardware wallet. https://thebitcoinhole.com/hardware-wallets

[suzanne5223]

Please guys, i didnt find any topic about it. When i was updating my profile, it has a field to add our btc adress. So, i took my deposit adress from binance and added there. But i know this is not the right thing.

So, for a totally newbie, what app, website, source code, anything. What should i do to have an adress that will not be violated?

If you are talking about the slot to add a Bitcoin wallet address that's available on this forum user profile. It's not a must you add your wallet address and adding an address on your profile does not violate the forum rules but using a self-custodial wallet is always the best for crypto holding.

Could you please suggest any safe wallet i can use in my phone? i took a look over Electrum, but i see some people saying the taxes are too high and the UX is not that good.

Firstly, mobile wallet are prone to attack but if you must use a mobile Bitcoin wallet, Electrum wallet is still the best for newbies. For the tax (I believe you mean transaction fee) is base on the congestion level of the BTC network.

[Pandu Geddon]

Yes you are right. I just want a wallet where i can put everything there and do not touch so soon. Im gonna try electrum at first and make 2 or 3 wallets. In the meanwhile, im gonna reasearch cold wallets that i found out with the help here that its the best option in this case.

Save your wallet recovery seed carefully. Don't make a mistake, it could make you regret it in the future.

Regarding the exchange wallet you use, sometimes the exchange changes the receiving address on your exchange account. Before making a deposit, it is better to check first whether the address is still the same or has changed. Sometimes people just copy their wallet from their last transaction. and it could be a delay in funds entering your exchange account.

I've been seeing that this forum its not only about btc and cryptocurrencies itself and this is making me really happy to learn from here. Thanks!

welcome to the forum. nice to see your enthusiasm. I hope you get what you are looking for in the forum. If you have difficulty, you can ask here.

[snuffman8]

Save your wallet recovery seed carefully. Don't make a mistake, it could make you regret it in the future.

Regarding the exchange wallet you use, sometimes the exchange changes the receiving address on your exchange account. Before making a deposit, it is better to check first whether the address is still the same or has changed. Sometimes people just copy their wallet from their last transaction. and it could be a delay in funds entering your exchange account.

welcome to the forum. nice to see your enthusiasm. I hope you get what you are looking for in the forum. If you have difficulty, you can ask here.

I've experienced that. My binance account has some years and indeed it changed some adressess. Thank for the hospitality.

If you are talking about the slot to add a Bitcoin wallet address that's available on this forum user profile. It's not a must you add your wallet address and adding an address on your profile does not violate the forum rules but using a self-custodial wallet is always the best for crypto holding.

Firstly, mobile wallet are prone to attack but if you must use a mobile Bitcoin wallet, Electrum wallet is still the best for newbies. For the tax (I believe you mean transaction fee) is base on the congestion level of the BTC network.

Im willing to use a mobile wallet because my computer got hacked once and all my passwords had been exploited. Im afraid it happens again. Thanks for explaining the fee. Thats exactly what i meant.

Yeah, speaking of the type of device with the highest security, airgapped devices should be the safest and they can be used as primary asset storage. Since you prefer mobile, I found open source software that allows your unused android/iphone to become an offline wallet. Read the review here if you're interested https://bitcointalk.org/index.php?topic=5342004.0.
Or if you have a lot of bitcoin (say 1BTC or more), you should be able to afford a dedicated hardware wallet. https://thebitcoinhole.com/hardware-wallets

I loved this AirGap idea. Yes i have an old phone that is android 5 or more, that will work perfectly. Thanks!

[tabas]

I've been seeing that this forum its not only about btc and cryptocurrencies itself and this is making me really happy to learn from here. Thanks!

Yes, this has became the forum for the entire crypto forum and not just for Bitcoin. And if you've been really happy with that, we're also happy that you've found a new home and you're already doing the discussion lively. Because many of the newbies when they're like this, they never go back into discussions and forget about what they've started but that's fine. All you need to do is to keep on learning and don't get discouraged by just some few things. Keep that enthusiasm that you've got.

[suzanne5223]

If you are talking about the slot to add a Bitcoin wallet address that's available on this forum user profile. It's not a must you add your wallet address and adding an address on your profile does not violate the forum rules but using a self-custodial wallet is always the best for crypto holding.

Firstly, mobile wallet are prone to attack but if you must use a mobile Bitcoin wallet, Electrum wallet is still the best for newbies. For the tax (I believe you mean transaction fee) is base on the congestion level of the BTC network.

Im willing to use a mobile wallet because my computer got hacked once and all my passwords had been exploited. Im afraid it happens again. Thanks for explaining the fee. Thats exactly what i meant.

I'm sorry about that but the next thing shouldn't be going to a wallet that's more vulnerable to attack than the desktop wallet.
About the hack that happened to you, are you able to find out how it happened so you won't make the same mistake again.
According to what you said I will advise you to go for a hardware wallet instead of a mobile and desktop wallet and never use the same operating system you use for crypto activity to visit untrusted websites or links and don't use free things, especially anti-virus.

[Ever-young]

If you're referring to your Bitcointalk profile here then there's nothing to worry about, it belongs to you and you have the right to modify any changes to it, what you put in there doesn't violate any rule as long as it's ethical enough to reason with, there's never a time you will be required to update anything on your profile if not that you're ready and willing to do so. Welcome to Bitcointalk.

This is true, but the only place I see using a binance address as bitcoin wallet on profile is that the person can’t be able to prove ownership of the address if anything happens to the account and there is need for verification to be signed in using there staked address or an address added on there profile since the person don’t have private key to the address and the address is only meant for receiving of payment and binance have full access over it.