BINANCE AS HOLDER

[YUriy1991]

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.

That's right, as say from dzungmobile above. Just make easy OP, normal like everyone else, don't be too vulgar by displaying things that are deemed unnecessary because that can attract other people's attention.

[1714798226]

1714798226

[dansus021]

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?

You are a programmer then the technical thing is not a problem. Yes you can set your electrum on your VPS as long you can secure it lock Port 22 and just log in using Certificate key.

However, if I were you Im gonna setup 2 Wallet Hot Wallet and Cold Wallet the Hot wallet is a wallet that you are gonna do transactions daily so put 10-20% of your portfolio and cold wallet is wallet with additional security like hardware wallet and use it as hold wallet.

For the Metamask no need for VPS to run it you can directly setup on a phone and browser extension and use it as a hot wallet. and you good to goo

[Hallroom]

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?

There is no problem if you have an address war from Binance exchange but I don't like creating a wallet with your identity. I don't like Mon Wallet which can be controlled by third party. I recommend you to use mycelium wallet so that you can get the facility to deposit and control it yourself.

[Outhue]

I've been on the forum for many months now and I leave that BTC address field empty, it's not a must to insert your BTC address, and also that address from Binanace exchange that you are talking about isn't really yours, it belongs to Binance exchange.

You have no control over that Bitcoin address so don't use it, instead create your own Bitcoin wallet, you can go for Electrum wallet and keep your recovery seed safe, don't repeat mistakes that many people have made in the past, mind you, Binance exchange have changed their wallet address twice in the last two years, just so you know, the address can be different when next you visit the exchange.

[summonerrk]

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?

Previously, when there were ICOs and not only BTC was given here on the forum for completing tasks, but also different tokens, then it was impossible to specify the address of the exchange as the address for their rewards. For example, you used the address of the exchange to receive Ethereum, and if you were credited with tokens, then you could not brand them, since you did not own the keys of this address. Now, if you specify the BTC address from the exchange, then this is also bad, because you can be banned, and the exchange will not give you the keys to such an address.

[hd49728]

For example, you used the address of the exchange to receive Ethereum, and if you were credited with tokens, then you could not brand them, since you did not own the keys of this address. Now, if you specify the BTC address from the exchange, then this is also bad, because you can be banned, and the exchange will not give you the keys to such an address.

Centralized exchanges don't give users private keys or mnemonic seeds from which users can get private keys. They only credit public addresses to user accounts and it is different than non custodial wallets.

With non custodial wallets, like you use Metamask wallet to store your ETH, any token on Ethereum blockchain ERC20 will be seen in your wallet, if they were sent to your wallet by project (airdrop), bounty distribution.

If you use a centralized exchange account's public address, you will have to pray that exchange will list the token on their exchange for trading. If they don't list the token, you can not do anything.

Some bounty managers even remind that bounty hunters should not use exchange wallet address for receiving.

[summonerrk]

For example, you used the address of the exchange to receive Ethereum, and if you were credited with tokens, then you could not brand them, since you did not own the keys of this address. Now, if you specify the BTC address from the exchange, then this is also bad, because you can be banned, and the exchange will not give you the keys to such an address.

Centralized exchanges don't give users private keys or mnemonic seeds from which users can get private keys. They only credit public addresses to user accounts and it is different than non custodial wallets.

With non custodial wallets, like you use Metamask wallet to store your ETH, any token on Ethereum blockchain ERC20 will be seen in your wallet, if they were sent to your wallet by project (airdrop), bounty distribution.

If you use a centralized exchange account's public address, you will have to pray that exchange will list the token on their exchange for trading. If they don't list the token, you can not do anything.

Some bounty managers even remind that bounty hunters should not use exchange wallet address for receiving.

You, having a lot of experience, described my thoughts absolutely accurately and in detail.
I remember a case with an unsuccessful indication of Ethereum adress, because of which the airdrop flew to the stock exchange, and as a result was lost. A long time ago, my friend participated here on the forum in the distribution of AETERNITY tokens and indicated the address either on Poloniex or on Bittrex. As a result, a generous airdrop was visible at the address of the exchange, but the support from the exchange refused to help my friend in any way. And in the end, he only sadly watched the ghost of his tokens.

[Coyster]

you can choose to empty it or fill it with a wallet address from a custodial wallet such as safepal, trustwallet, or atomic wallet,

None of these wallets above is a custodial wallet, they are all non-custodial wallets, but they are all closed source wallets and you should not use closed source wallets, so i would not recommend any of these wallets. Atomic wallet was also hacked recently and their customers are still in the dark about what happened, so avoid using it.

I just want a wallet where i can put everything there and do not touch so soon.

Then you need a non-custodial and offline wallet and not a custodial or hot wallet. Get yourself a hardware wallet, and back up your seed phrase in a safe location.

[yudi09]

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 it is correct in that field that you mean, then you can use the Bitcoin address that you got from the wallet you are using.
If you use the Bitcoin address that you use as a receiving address, it would be better if you use another address that you don't use as a receiving address.
If you want to take an address from the Binance exchange or from another exchange, that's your right.
What you need to remember is that the address you use is from an exchange, so you don't have the seed phrase and private key.
That's their address and not yours.

[Awaklara]

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 it is correct in that field that you mean, then you can use the Bitcoin address that you got from the wallet you are using.
If you use the Bitcoin address that you use as a receiving address, it would be better if you use another address that you don't use as a receiving address.
If you want to take an address from the Binance exchange or from another exchange, that's your right.
What you need to remember is that the address you use is from an exchange, so you don't have the seed phrase and private key.
That's their address and not yours.

it's just a Bitcoin address he put in the account profile. Actually, it's not a big problem I think. he just needs to delete it or replace it with another address. it should be that simple he did it and there was no need to make this thread.

just look at OP's current account details. some neutral tags are there. and now I'm using OP to stay on the forum with his account. unless he's going to change his reputation.

[Uhwuchukwu53]

@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.

This what I have in mind but since many have said it I believe he has learn allot. is not necessary to advertise your personal account number in the public even if you have all it take to secure it. Your wallet is your account number, holding password and key phrase is not enough because scammers are very funny, you must be smart and use wisdom.

[yudi09]

-snip

it's just a Bitcoin address he put in the account profile. Actually, it's not a big problem I think. he just needs to delete it or replace it with another address. it should be that simple he did it and there was no need to make this thread.

Yes. It's not a big problem if you just enter the Bitcoin address in that section. He or anyone else may be free to delete and insert Bitcoin addresses from anywhere.
I think when I read the OP's topic, he was really serious about asking that because there were already 2 pages of responses that came before our post.

just look at OP's current account details. some neutral tags are there. and now I'm using OP to stay on the forum with his account. unless he's going to change his reputation.

I do not see it. It was only after reading this post that I saw it and you are absolutely right.