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Что такое кастодиальные и некастодиальные криптокошельки?

Что такое кастодиальные и некастодиальные криптокошельки?
Можно ли обойтись одним криптокошельком?
Сохранить свои криптоактивы в целости и сохранности важно не меньше, чем выгодно приобрести их или заработать. По мере развития технологий и интереса к криптосфере все больше злоумышленников начинают охоту на монеты пользователей, а криптокошельки становятся одними из их излюбленных целей.
Начинающих криптоинвесторов зачастую вводит в заблуждение название этого инструмента: пользователи могут полагать, что их средства по умолчанию находятся в безопасности в любом криптокошельке, и предпочитают хранить монеты прямо на криптобирже. Но это небезопасно.
Если вам есть что терять, разделите монеты на те, которые понадобятся для быстрого проведения операций — их можно оставить в кастодиальных криптокошельках, и те, которые собираетесь хранить — их лучше сберегать в некастодиальных криптокошельках.
https://preview.redd.it/6sttmho3w6y31.jpg?width=1000&format=pjpg&auto=webp&s=a443da04d480786868b0d9985b8db80b6d00ed3b
Что такое кастодиальный криптокошелек?
Кастодиальные кошельки напоминают банковские инструменты. Их отличительное свойство — отсутствие у пользователя полного контроля над своими средствами, поскольку у оператора (кастодиана) есть доступ к приватному ключу. В этом есть свои плюсы. Например, утратив пароли или ключи, пользователь сможет снова получить доступ к средствам.
Кастодиальные кошельки есть у многих криптобирж (Coinbase, Kraken, Bitfinex, Binance, Poloniex, Bittrex, Coinex, Bitstamp и т. д.), торговых платформ и брокерских сервисов. Подобная интеграция упрощает работу с другими инструментами этих площадок, бывает выгодна при совершении транзакций (например, за счет отсутствия комиссий внутри экосистемы) и эффективна, если помнить, что фактически контроль за средствами принадлежит третьей стороне. К этой категории также относятся такие популярные криптокошельки, как Freewallet, Xapo, Crypto.com и др.

В чем недостатки кастодиальных криптокошельков?
Среди основных недостатков кастодиальных криптокошельков — доступ кастодиана к пользовательским средствам и риски их утраты в результате взлома, форка, по решению властей или суда. Неприятным опытом может оказаться и отсутствие доступа к собственным средствам во время проведения технических работ.
Например, летом 2016 года хакеры вывели почти 120 тысяч биткоинов с криптокошельков пользователей криптобиржи Bitfinex, которая хранила средства на горячем кошельке. Краже средств не помешали ни двухфакторная аутентификация, ни мультиподпись.
Ярким примером недостатков кастодиальных кошельков стало закрытие российской криптобиржи BTC-e. Летом 2017 года ФБР арестовало ее серверы и расположенные в США активы. Позже площадка перезапустилась под новым названием WEX и снова остановила работу, ее клиенты потеряли доступ к средствам.
Что такое некастодиальный криптокошелек?
Некастодиальным можно считать криптовалютный кошелек, сохраняющий за пользователем возможность полностью контролировать ключи и свои средства. К данной категории можно отнести аппаратные, мобильные, бумажные, десктоп- и веб-кошельки.
Самые популярные некастодиальные кошельки — это Abra, MyEtherWallet, Electrum, MyCrypto, BitGo, Wirex, Button Wallet, Exodus, ZenGo, Paytomat, Bitcoin.com, BRD, Blockchain, BTC.com, Electron Cash, Copay, Jaxx, Coinomi, Atomic Wallet, Guarda, Wasabi Wallet, Edge.
Некастодиальные криптокошельки абсолютно безопасны?
Нет. Некастодиальные криптокошельки имеют свои недостатки. Например, если потерять приватный ключ и фразу для его восстановления, средства будут безвозвратно утеряны (поэтому стоит быть особо осторожными с brainwallet, то есть с хранением данных в собственной памяти, или в бумажном криптокошельке — на бумаге). Вспомните историю о британском майнере, который в середине 2013 года по ошибке выкинул на свалку жесткий диск с добытыми за 4 года 7500 биткоинами.
Кроме того, некастодиальные криптокошельки интересуют и злоумышленников. Так, весной 2018 года популярный некастодиальный Ethereum-кошелек MyEtherWallet потерял 216 эфиров клиентов из-за атаки на DNS-сервер: хакеры перенаправили пользователей на фишинговый сайт и получили доступ к их приватным ключам.
Одними из самых эффективных и безопасных считаются аппаратные криптокошельки (Ledger, TREZOR, BitFreezer, Jaxx Liberty, KeepKey, Cool Wallet, Digital Box), хотя и они могут иметь уязвимости в коде, подвергаться физическому взлому или потеряться.
Как нужно работать с криптокошельком?
  • Сохраняйте ключи с помощью менеджеров паролей (LastPass, 1Password), а пароли к некастодиальным кошелькам — разными способами в нескольких надежных местах.
  • Для защиты от фишинга в веб-кошельки заходите по ссылкам, сохраненным вами в закладках. Если вводите адреса вручную, лучше делать это в новой вкладке браузера и с внимательной перепроверкой всех знаков.
  • Определите для решения каких задач вам нужны криптоактивы — и для минимизации рисков разделите их на несколько предварительно самостоятельно изученных криптокошельков.
submitted by PiterDaf to u/PiterDaf [link] [comments]

Bitcoin Cash: A Reflection on How Far We’ve Come

On August 1, Bitcoin resumed its original roadmap, scaling on-chain towards global adoption as Peer-to-Peer Electronic Cash.
It’s been just 3 and a half months since Bitcoin Cash broke away from BTC in order avoid a software mutation called Segwit, and to restore progress and growth to the ecosystem.
After a recent price rally that saw us reach 0.5 BTC ($3000), the reality is setting in that an overnight ‘flippening’ scenario that some people hoped for is unlikely, and that we have a longer road ahead.
It’s really important to remember how much has been achieved in such a short time.
Let’s take a moment to reflect on how far we’ve come as a young community.
July:
August:
September:
October:
November:
This rate and scale of industry adoption is unprecedented.
With every BTC holder receiving an equal amount of Bitcoin Cash, and with the price over $1300, the rate and scale of user adoption is unprecedented.
With fast, reliable transactions and fees that are less than 1 cent, and with both BitPay & Coinbase hinting at a full Bitcoin Cash integration, the rate and scale of merchant adoption will be unprecedented.
With unprecedented industry, user and merchant adoption, it’s only a matter of time until Bitcoin Cash becomes the default medium of exchange and store of value cryptocurrency.
The old Bitcoin is back. You can feel it. It’s the resurgence of a grassroots movement not seen for years. People are putting Bitcoin Cash posters in the streets, handing out leaflets, tipping strangers a few dollars online, and asking in forums how they can contribute to the community.
Just in the last couple of days a ‘Bitcoin Cash Fund’ was established, to assist with marketing and projects. The initial goal was $200 to make a short animated advert, but over $17,000 has been donated already. All of this positivity and energy is inspiring.
While businesses are being forced to abandon BTC due to exorbitant and skyrocketing fees (upwards of $10), they’re being cheered on every day as they embrace Bitcoin Cash.
The original vision is still alive. As an early bitcoiner, I’ve never been more optimistic.
Make sure you involve yourself in the community, we’re just getting started :)
Reddit: BTC or BitcoinCash
Twitter: twitter.com/BITCOINCASH
Website: bitcoincash.org
Dev: Mailing List
Also posted on Yours: Bitcoin Cash: A Reflection on How Far We’ve Come
submitted by cryptomic to btc [link] [comments]

Bitcoin Cash: A Reflection on How Far We’ve Come

On August 1, Bitcoin resumed its original roadmap, scaling on-chain towards global adoption as Peer-to-Peer Electronic Cash.
It’s been just 3 and a half months since Bitcoin Cash broke away from BTC in order avoid a software mutation called Segwit, and to restore progress and growth to the ecosystem.
After a recent price rally that saw us reach 0.5 BTC ($3000), the reality is setting in that an overnight ‘flippening’ scenario that some people hoped for is unlikely, and that we have a longer road ahead.
It’s really important to remember how much has been achieved in such a short time.
Let’s take a moment to reflect on how far we’ve come as a young community.
July:
August:
September:
October:
November:
This rate and scale of industry adoption is unprecedented.
With every BTC holder receiving an equal amount of Bitcoin Cash, and with the price over $1300, the rate and scale of user adoption is unprecedented.
With fast, reliable transactions and fees that are less than 1 cent, and with both BitPay & Coinbase hinting at a full Bitcoin Cash integration, the rate and scale of merchant adoption will be unprecedented.
With unprecedented industry, user and merchant adoption, it’s only a matter of time until Bitcoin Cash becomes the default medium of exchange and store of value cryptocurrency.
The old Bitcoin is back. You can feel it. It’s the resurgence of a grassroots movement not seen for years. People are putting Bitcoin Cash posters in the streets, handing out leaflets, tipping strangers a few dollars online, and asking in forums how they can contribute to the community.
Just in the last couple of days a ‘Bitcoin Cash Fund’ was established, to assist with marketing and projects. The initial goal was $200 to make a short animated advert, but over $17,000 has been donated already. All of this positivity and energy is inspiring.
While businesses are being forced to abandon BTC due to exorbitant and skyrocketing fees (upwards of $10), they’re being cheered on every day as they embrace Bitcoin Cash.
The original vision is still alive. As an early bitcoiner, I’ve never been more optimistic.
Make sure you involve yourself in the community, we’re just getting started :)
Reddit: BTC or BitcoinCash
Twitter: twitter.com/BITCOINCASH
Website: bitcoincash.org
Dev: Mailing List
Also posted on Yours: Bitcoin Cash: A Reflection on How Far We’ve Come
submitted by cryptomic to Bitcoincash [link] [comments]

What they really don't wan't you to know about Dash!

Dash is breaking away with regards to integrations, partnerships and developments that advocates of other Crypto Currencies have become frightened of Dash's future dominance. Unfortunately for most of these other Crypto Currency projects Dash as a platform is well and truly in the driving seat on so many levels.
Lets take a look at some of the achievements in 2017 and upcoming events:
More big news still to come in the coming month
Edit: Fixed typos, added new items & links
submitted by goto1415 to dashpay [link] [comments]

Beginners guide to buying Bitcoin and other Cryptocurrencies

A super quick guide to getting started with bitcoin and other cryptocurrencies.
1) Coin Research
There are lots of coins you can buy, trade, or mine not just Bitcoin. You can see them and start research on coins using https://coinmarketcap.com/
2) Getting Money In
You first need to get your money on the exchanges. There are a few decent options for this.
3) Sign up and get verified
Pretty much any site you want to trade on or send money to is going to ask you to also get verified which means you'll need to send them a picture of government issued ID and utility bills in some cases. After you sign up for an exchange site you'll usually need to log in and go looking in the settings for how to get verified.
4) Exchange Security
When you signup for any site you'll also want setup 2-factor authentication with Google Auth. You can usually find instructions in the settings section of the site you just signed up for. IMPORTANT: Make sure to save your recovery keys because you can get locked out for good and lose your money if you don't.
5) First Coin Purchase
Once you have some money in play you typically purchase Bitcoin or Ethereum first. You can hold those and pray for profit or you can start trading them for other coins.
6) Second Coin Purchase
Do you want to buy more than just Bitcoin and Ethereum? Most other coins you want will be on a couple of different websites
7) Sample Workflow
Assuming you have your accounts setup, a general workflow would go something like this.
8) Wallets Intro
You don't want to leave your money or coins on exchanges since they are prone to hacking. So you'll want to research wallets.
9) More on Wallets
Wallets can be a pain and take some research but taking the time to keep your funds secure is vital.
Some quick wallet points
10) Crypto really does require constant research
11) Successful trading and investing
Coin prices fluctuate wildly because there is not a ton of volume. This makes it difficult if not impossible to predict price changes using any sort of technical analysis. Doing slightly longer-term investments will likely serve you better. To be successful you need to research good quality coins that are undervalued and then feel the buzz in the community and anticipate undervalued coins rising up. This requires constant research of coins and ICOs plus being on reddit/twitteyoutube multiple times a day.
12) More trading and investing tips
Get in early with undervalued coins. Don't follow the masses chasing the green when a coin is on the run going up. The majority of the time you'll end up buying at a high price just to watch the coin fall back almost as quickly as it went up. You'll often hear the term pump-and-dump to describe this. Avoid it. Look for quality investments that you can hold through the ups and downs.
That's sort of the quick starter guide
A good link for more detailed info https://mycrypto.guide/
If you're looking to get into ICOs https://apifini.com
submitted by emanualjade to BitcoinCA [link] [comments]

Market conditions and Viacoin

As i am writing Bitcoin dips again, i hope we can sustain the 8000 satoshi level for Viacoin.
Where the bottom lies for Bitcoin? nobody knows.Is this market manipulation? yes probably if you ask me.
In my opinion they are confusing the markets, and a lot of people will impulse trade.
I'm going to be fair, i lost a decent amount of money but sold nothing and will not sell, even if it meant to be that i lost everything what i have invested.
Yes, it sucks to lose hard earned money, definitely if you have not much to spend each month, and what you can spend you bought cryptocurrency for it recent months.
But i am not seeking compassion here, i did it myself, and tought the market was slowly recovering, well we all know how that turned out.
Thats why i am thinking this is pure market manipulation, after this peak in 2017/2018 there where these support levels around 6000, than in the end almost a straight line just above support.
Than suddenly it crashes way below, so a lot people including me, intented it either was slowly recovering or was still in the bear cycle but not at a speed like this.
Also the price of BTC jumps to little after a decline like this, it is more like the decline and than it is sustained.
But i am convinced it will recover, there's to much going on in the cryptocurrency space.
Just to make a few examples:
  1. Goldman Sachs one of the biggest investment banks will open a crypto trading desk in the near future.Source: https://www.cnbc.com/2018/09/06/goldman-sachs-cfo-calls-reports-of-shutting-down-crypto-desk-fake-news.html
  2. Remember the Crypto-vault in switzerland, where probably for million if not billion dollars worth of bitcoin is stored.Source: https://qz.com/1103310/photos-the-secret-swiss-mountain-bunker-where-millionaires-stash-their-bitcoins/
But with a decline like this, there are also coming some positives.
  1. You have the chance if you bought cryptocurrency for a higher price, to decrease your dollar average drastically.
But never put in to much, if you have let say 100 dollars, it's better to buy 4 x 25 dollars than all at once, don't be in a hurry.
  1. There's probably coming a whole new audience, that are going to see chances and will buy cryptocurrency.
And the crypto-community will become bigger.
  1. Also have a close look to the wealth-distribution charts, the ones with a very large wallet, probably will sell a x percentage of their funds, and smaller investors pick that up, making it better distributed, what in the long term provide for more liquidity.
Is my opinion changed about Viacoin with the recent price changes?
Not at all, 90% of my holdings are in Viacoin.Because it has all the features, what i think are important.
Also i am realy thrilled to see when market recovery occurs, how fast viacoin will recover, if my thought about no inflation is right, viacoin should recover faster than others.
Because with cryptocurrency that have a higher inflation, the miners have much more to sell, before the price will increase.
But that aside.
I am convinced people who have invested or received Viacoin from friends or whatever, are going to stick with it.
It's a great working product, easy to use, sending and receiving is almost instant without using LN and the android copay wallet is ready to use within 2 minutes.
A big plus for me is also that it is trading on Binance one of the biggest exchanges in the world, and with a BNB trading pair, which not all coins have !
And patiently waiting for all the updates that are coming like:
The lightning network what is going to be released in the near future, also the anonymous samourai wallet.
And a lot more !
Few examples: Styx anonymous transactions - Schnorr signatures - MAST - Smart contracts - Submarine swaps - Colored coins
But we will see how thing will turn out.
Thanks for reading and i will see you next time in what market conditions that may be !
Bye
submitted by skorzer to viacoin [link] [comments]

Big stores are giving people a false sense of security, start supporting stores that use escrow

It was great to see large companies like Overstock, Expedia and others to start accepting bitcoin. Now its time for the next step. Multi sig has been around for a while, and can be used with a 3rd party arbitrator. Traditionally credit cards will act as an arbitrator, think of credit cards as having 180 day escrow, the time limit for chargebacks.
most big companies use bitpay, and bitpay does some vetting to make sure the company provides good service. but bitpay still expects you to send direct.
while they companies are trust worthy, and will correct issues with product quality, they are getting people comfortable with sending direct, with no form of protection. new users who are just getting started have no awareness of the issue.
Many people like to support smaller businesses. and there are lots of great small businesses out there that will do everything they can to provide good products/services. But there are many fake small business scammers out there. Escrow can protect against this.
Sites big and small could get hacked, users could end up on the wrong site, and blindly send btc to the wrong address. and arbitrator might catch this.
arbitration is not perfect and can also have issues, or an arbitrator could be a scammer. Its important that arbitration be decentralized, not just one big company like bitpay, but lots of individuals.
When the consumer losses out due to scams the consumer is a direct victim. but it also hurts the crypto community, giving a bad image, and good businesses end up with customer base that has less money to put towards the good businesses that deserve it.
There are a few ways to go about using escrow with multisig. The first is direct wallets, with manual setup. Electrum and Copay/bitpay wallets are wallets that support multisig. the most popular way would be a 2 of 3 wallet. where 2 signers out of 3 people are needed to finalize a transaction. if everything goes well the buyer and seller are involved. if there is an issue the arbitrator will review evidence, and side with one or the other. Manual also allows for upto 10 signers) The other ways are a more automated way of doing the same thing. Bitrated is one of them. the buyer will select someone they will be buying off, and an arbitrator. it also allows you to link social media, and has a rating system based on your social media following/reputation, and your trades on platform. The other popular place is OpenBazaar. In OpenBazaar2 anyone can be an arbitrator, there is also a verified moderator, that has been checked by the OpenBazaar team to be a good crypto community member. also altcoins can be used in OpenBazaar2. Bithalo is similar to openbazaar but with double escrow, this gives both buyer and seller more incentive to be serious and honest. I meant to play with it more, but i was inspired to start writing and get this out.
Bisq is an exchange, one of the only ones where you have the keys. currently the developer serves as the arbitrator, but hopefully in future releases it will be opened up to members of the community. Bisq is software that runs on mac/win/linux for exchanging fiat to/from btc or btc to/from altscoins. All other exchanges you don't have the keys, and should not be trusted as much as people do. Binance is looking to become more like bisq, but currently binance is centralized and has the key. as far as I know, no other exchange is working towards this for bitcoin. there are some other decentralized exchanges- forkdelta for eth tokens only. bitshares, and maybe a few others I haven't spend much time on, like nem, waves, neo, maybe eos- the smart contract coins.
Manual Multisig is good for private, and one time use, or long term agreements where the wallets can be left active. Bitrated is good for checking reputation, and setting one time offers. OpenBazaar is good for the seller to list items for sale. The seller will choose various acceptable arbitrators, and from that list the buyer can choose an arbitrator. Have a significant number of arbitrators to choose from (manual may be difficult to find).
An additional advantage to utilizing multisig for crypto enthusiasts is more people will be hodling potentially for a few hours, days or even weeks. This can drive the btc price up.
an additional issue, especially for projects that may take weeks or months is price volatility. you'll have to agree on if you are strictly priced in btc, or if you are using a fiat exchange rate at the start of the transaction, or at the end of the transaction. or you might give the option to be whatever is more advantages to the business or customer.
This opens up some spaces for new companies to become arbitrators, and certain people may like a well established arbitrator, while others might like the small individual arbitrator. Anyone of the parties could even set themselves up to hedge the exchange rate to make more interesting offers.
I would hope that those who are true believers will start using escrow soon, and get people in the habit of transacting safely. Overstock seems to be a crypto ally so I hope to see them start sooner. Expedia seems like they just care about customer demand and the profit, so I don't expect as much from. There are many other examples, I just didn't want to spend the time to go through everything. There's lots of people already on bitrated, and openbazaar, that maybe need a little reminder, just how important their part is in escrow, and keeping the crypto community strong
https://www.bitrated.com/opticbit
OpenBazaar Verified Moderator ob2: QmcscQDiCuTSGxBeMD9qyXwRMcbLU5m9P1kupojYJdFdoh (Me)
submitted by opticbit to btc [link] [comments]

Article I wrote, Big Companies giving users a false sense of security, use escrow- openbazaar

It was great to see large companies like Overstock, Expedia and others to start accepting bitcoin. Now its time for the next step. Multi sig has been around for a while, and can be used with a 3rd party arbitrator. Traditionally credit cards will act as an arbitrator, think of credit cards as having 180 day escrow, the time limit for chargebacks.
most big companies use bitpay, and bitpay does some vetting to make sure the company provides good service. but bitpay still expects you to send direct.
while they companies are trust worthy, and will correct issues with product quality, they are getting people comfortable with sending direct, with no form of protection. new users who are just getting started have no awareness of the issue.
Many people like to support smaller businesses. and there are lots of great small businesses out there that will do everything they can to provide good products/services. But there are many fake small business scammers out there. Escrow can protect against this.
Sites big and small could get hacked, users could end up on the wrong site, and blindly send btc to the wrong address. and arbitrator might catch this.
arbitration is not perfect and can also have issues, or an arbitrator could be a scammer. Its important that arbitration be decentralized, not just one big company like bitpay, but lots of individuals.
When the consumer losses out due to scams the consumer is a direct victim. but it also hurts the crypto community, giving a bad image, and good businesses end up with customer base that has less money to put towards the good businesses that deserve it.
There are a few ways to go about using escrow with multisig. The first is direct wallets, with manual setup. Electrum and Copay/bitpay wallets are wallets that support multisig. the most popular way would be a 2 of 3 wallet. where 2 signers out of 3 people are needed to finalize a transaction. if everything goes well the buyer and seller are involved. if there is an issue the arbitrator will review evidence, and side with one or the other. Manual also allows for upto 10 signers) The other ways are a more automated way of doing the same thing. Bitrated is one of them. the buyer will select someone they will be buying off, and an arbitrator. it also allows you to link social media, and has a rating system based on your social media following/reputation, and your trades on platform. The other popular place is OpenBazaar. In OpenBazaar2 anyone can be an arbitrator, there is also a verified moderator, that has been checked by the OpenBazaar team to be a good crypto community member. also altcoins can be used in OpenBazaar2. Bithalo is similar to openbazaar but with double escrow, this gives both buyer and seller more incentive to be serious and honest. I meant to play with it more, but i was inspired to start writing and get this out.
Bisq is an exchange, one of the only ones where you have the keys. currently the developer serves as the arbitrator, but hopefully in future releases it will be opened up to members of the community. Bisq is software that runs on mac/win/linux for exchanging fiat to/from btc or btc to/from altscoins. All other exchanges you don't have the keys, and should not be trusted as much as people do. Binance is looking to become more like bisq, but currently binance is centralized and has the key. as far as I know, no other exchange is working towards this for bitcoin. there are some other decentralized exchanges- forkdelta for eth tokens only. bitshares, and maybe a few others I haven't spend much time on, like nem, waves, neo, maybe eos- the smart contract coins.
Manual Multisig is good for private, and one time use, or long term agreements where the wallets can be left active. Bitrated is good for checking reputation, and setting one time offers. OpenBazaar is good for the seller to list items for sale. The seller will choose various acceptable arbitrators, and from that list the buyer can choose an arbitrator. Have a significant number of arbitrators to choose from (manual may be difficult to find).
An additional advantage to utilizing multisig for crypto enthusiasts is more people will be hodling potentially for a few hours, days or even weeks. This can drive the btc price up.
an additional issue, especially for projects that may take weeks or months is price volatility. you'll have to agree on if you are strictly priced in btc, or if you are using a fiat exchange rate at the start of the transaction, or at the end of the transaction. or you might give the option to be whatever is more advantages to the business or customer.
This opens up some spaces for new companies to become arbitrators, and certain people may like a well established arbitrator, while others might like the small individual arbitrator. Anyone of the parties could even set themselves up to hedge the exchange rate to make more interesting offers.
I would hope that those who are true believers will start using escrow soon, and get people in the habit of transacting safely. Overstock seems to be a crypto ally so I hope to see them start sooner. Expedia seems like they just care about customer demand and the profit, so I don't expect as much from. There are many other examples, I just didn't want to spend the time to go through everything. There's lots of people already on bitrated, and openbazaar, that maybe need a little reminder, just how important their part is in escrow, and keeping the crypto community strong
https://www.bitrated.com/opticbit
OpenBazaar Verified Moderator ob2: QmcscQDiCuTSGxBeMD9qyXwRMcbLU5m9P1kupojYJdFdoh (Me)
submitted by opticbit to OpenBazaar [link] [comments]

Transfer bitcoin cash to binance using a BCH address format translator...

I have today tried transferred my bitcoin cash from my copay/bitpay wallet to the binance exchange. When using the BCH (BCC when using Binance despite it being bitcoin cash, and not the scam coin!) then you get an error from the mobile wallet ‘Copay only supports Bitcoik cash using new version number addresses’.
So i researched this, and there is a page on bitpay informing me that the wallet address that binance provides is not in the new address convention apparently, and it needs to be converted to a new one.
So next step, i used a ‘BCH Address Translator’ where i enter the Binance BCH wallet address, and it converts it to an address (that starts with letters rather than numbers), and i then use this new generated address to send BCH from my wallet to binance.
So, now I am in the waiting game. Transfer was done 4 hours ago, I see 10 confirmations so far, yet nothing on binance, No pending deposits, so naturally I am getting anxious!
Lets see if this works. I really wonder if anyone else has gone through this painful process?!
Fingers crossed. I will update this thread if I had success or not.
Who said transferring digital money was so easy?! In this case, we are a long way from that! :)
submitted by christianpayne to Copay [link] [comments]

Big stores without escrow or multisig give a false sense of security, support stores that use escrow.

It was great to see large companies like Overstock, Expedia and others to start accepting bitcoin. Now its time for the next step. Multi sig has been around for a while, and can be used with a 3rd party arbitrator. Traditionally credit cards will act as an arbitrator, think of credit cards as having 180 day escrow, the time limit for chargebacks.
most big companies use bitpay, and bitpay does some vetting to make sure the company provides good service. but bitpay still expects you to send direct.
while they companies are trust worthy, and will correct issues with product quality, they are getting people comfortable with sending direct, with no form of protection. new users who are just getting started have no awareness of the issue.
Many people like to support smaller businesses. and there are lots of great small businesses out there that will do everything they can to provide good products/services. But there are many fake small business scammers out there. Escrow can protect against this.
Sites big and small could get hacked, users could end up on the wrong site, and blindly send btc to the wrong address. and arbitrator might catch this.
arbitration is not perfect and can also have issues, or an arbitrator could be a scammer. Its important that arbitration be decentralized, not just one big company like bitpay, but lots of individuals.
When the consumer losses out due to scams the consumer is a direct victim. but it also hurts the crypto community, giving a bad image, and good businesses end up with customer base that has less money to put towards the good businesses that deserve it.
There are a few ways to go about using escrow with multisig. The first is direct wallets, with manual setup. Electrum and Copay/bitpay wallets are wallets that support multisig. the most popular way would be a 2 of 3 wallet. where 2 signers out of 3 people are needed to finalize a transaction. if everything goes well the buyer and seller are involved. if there is an issue the arbitrator will review evidence, and side with one or the other. Manual also allows for upto 10 signers) The other ways are a more automated way of doing the same thing. Bitrated is one of them. the buyer will select someone they will be buying off, and an arbitrator. it also allows you to link social media, and has a rating system based on your social media following/reputation, and your trades on platform. The other popular place is OpenBazaar. In OpenBazaar2 anyone can be an arbitrator, there is also a verified moderator, that has been checked by the OpenBazaar team to be a good crypto community member. also altcoins can be used in OpenBazaar2. Bithalo is similar to openbazaar but with double escrow, this gives both buyer and seller more incentive to be serious and honest. I meant to play with it more, but i was inspired to start writing and get this out.
Bisq is an exchange, one of the only ones where you have the keys. currently the developer serves as the arbitrator, but hopefully in future releases it will be opened up to members of the community. Bisq is software that runs on mac/win/linux for exchanging fiat to/from btc or btc to/from altscoins. All other exchanges you don't have the keys, and should not be trusted as much as people do. Binance is looking to become more like bisq, but currently binance is centralized and has the key. as far as I know, no other exchange is working towards this for bitcoin. there are some other decentralized exchanges- forkdelta for eth tokens only. bitshares, and maybe a few others I haven't spend much time on, like nem, waves, neo, maybe eos- the smart contract coins.
Manual Multisig is good for private, and one time use, or long term agreements where the wallets can be left active. Bitrated is good for checking reputation, and setting one time offers. OpenBazaar is good for the seller to list items for sale. The seller will choose various acceptable arbitrators, and from that list the buyer can choose an arbitrator. Have a significant number of arbitrators to choose from (manual may be difficult to find).
An additional advantage to utilizing multisig for crypto enthusiasts is more people will be hodling potentially for a few hours, days or even weeks. This can drive the btc price up.
an additional issue, especially for projects that may take weeks or months is price volatility. you'll have to agree on if you are strictly priced in btc, or if you are using a fiat exchange rate at the start of the transaction, or at the end of the transaction. or you might give the option to be whatever is more advantages to the business or customer.
This opens up some spaces for new companies to become arbitrators, and certain people may like a well established arbitrator, while others might like the small individual arbitrator. Anyone of the parties could even set themselves up to hedge the exchange rate to make more interesting offers.
I would hope that those who are true believers will start using escrow soon, and get people in the habit of transacting safely. Overstock seems to be a crypto ally so I hope to see them start sooner. Expedia seems like they just care about customer demand and the profit, so I don't expect as much from. There are many other examples, I just didn't want to spend the time to go through everything. There's lots of people already on bitrated, and openbazaar, that maybe need a little reminder, just how important their part is in escrow, and keeping the crypto community strong
https://www.bitrated.com/opticbit
OpenBazaar Verified Moderator ob2: QmcscQDiCuTSGxBeMD9qyXwRMcbLU5m9P1kupojYJdFdoh (Me)
submitted by opticbit to Bitcoin [link] [comments]

Big stores are giving people a false sense of security, start supporting stores that use escrow

It was great to see large companies like Overstock, Expedia and others to start accepting bitcoin. Now its time for the next step. Multi sig has been around for a while, and can be used with a 3rd party arbitrator. Traditionally credit cards will act as an arbitrator, think of credit cards as having 180 day escrow, the time limit for chargebacks.
most big companies use bitpay, and bitpay does some vetting to make sure the company provides good service. but bitpay still expects you to send direct.
while they companies are trust worthy, and will correct issues with product quality, they are getting people comfortable with sending direct, with no form of protection. new users who are just getting started have no awareness of the issue.
Many people like to support smaller businesses. and there are lots of great small businesses out there that will do everything they can to provide good products/services. But there are many fake small business scammers out there. Escrow can protect against this.
Sites big and small could get hacked, users could end up on the wrong site, and blindly send btc to the wrong address. and arbitrator might catch this.
arbitration is not perfect and can also have issues, or an arbitrator could be a scammer. Its important that arbitration be decentralized, not just one big company like bitpay, but lots of individuals.
When the consumer losses out due to scams the consumer is a direct victim. but it also hurts the crypto community, giving a bad image, and good businesses end up with customer base that has less money to put towards the good businesses that deserve it.
There are a few ways to go about using escrow with multisig. The first is direct wallets, with manual setup. Electrum and Copay/bitpay wallets are wallets that support multisig. the most popular way would be a 2 of 3 wallet. where 2 signers out of 3 people are needed to finalize a transaction. if everything goes well the buyer and seller are involved. if there is an issue the arbitrator will review evidence, and side with one or the other. Manual also allows for upto 10 signers) The other ways are a more automated way of doing the same thing. Bitrated is one of them. the buyer will select someone they will be buying off, and an arbitrator. it also allows you to link social media, and has a rating system based on your social media following/reputation, and your trades on platform. The other popular place is OpenBazaar. In OpenBazaar2 anyone can be an arbitrator, there is also a verified moderator, that has been checked by the OpenBazaar team to be a good crypto community member. also altcoins can be used in OpenBazaar2. Bithalo is similar to openbazaar but with double escrow, this gives both buyer and seller more incentive to be serious and honest. I meant to play with it more, but i was inspired to start writing and get this out.
Bisq is an exchange, one of the only ones where you have the keys. currently the developer serves as the arbitrator, but hopefully in future releases it will be opened up to members of the community. Bisq is software that runs on mac/win/linux for exchanging fiat to/from btc or btc to/from altscoins. All other exchanges you don't have the keys, and should not be trusted as much as people do. Binance is looking to become more like bisq, but currently binance is centralized and has the key. as far as I know, no other exchange is working towards this for bitcoin. there are some other decentralized exchanges- forkdelta for eth tokens only. bitshares, and maybe a few others I haven't spend much time on, like nem, waves, neo, maybe eos- the smart contract coins.
Manual Multisig is good for private, and one time use, or long term agreements where the wallets can be left active. Bitrated is good for checking reputation, and setting one time offers. OpenBazaar is good for the seller to list items for sale. The seller will choose various acceptable arbitrators, and from that list the buyer can choose an arbitrator. Have a significant number of arbitrators to choose from (manual may be difficult to find).
An additional advantage to utilizing multisig for crypto enthusiasts is more people will be hodling potentially for a few hours, days or even weeks. This can drive the btc price up.
an additional issue, especially for projects that may take weeks or months is price volatility. you'll have to agree on if you are strictly priced in btc, or if you are using a fiat exchange rate at the start of the transaction, or at the end of the transaction. or you might give the option to be whatever is more advantages to the business or customer.
This opens up some spaces for new companies to become arbitrators, and certain people may like a well established arbitrator, while others might like the small individual arbitrator. Anyone of the parties could even set themselves up to hedge the exchange rate to make more interesting offers.
I would hope that those who are true believers will start using escrow soon, and get people in the habit of transacting safely. Overstock seems to be a crypto ally so I hope to see them start sooner. Expedia seems like they just care about customer demand and the profit, so I don't expect as much from. There are many other examples, I just didn't want to spend the time to go through everything. There's lots of people already on bitrated, and openbazaar, that maybe need a little reminder, just how important their part is in escrow, and keeping the crypto community strong
https://www.bitrated.com/opticbit
OpenBazaar Verified Moderator ob2: QmcscQDiCuTSGxBeMD9qyXwRMcbLU5m9P1kupojYJdFdoh (Me)
submitted by opticbit to CryptoCurrency [link] [comments]

Article I wrote about big companies giving users a false sense of security, use escrow- bitrated

It was great to see large companies like Overstock, Expedia and others to start accepting bitcoin. Now its time for the next step. Multi sig has been around for a while, and can be used with a 3rd party arbitrator. Traditionally credit cards will act as an arbitrator, think of credit cards as having 180 day escrow, the time limit for chargebacks.
most big companies use bitpay, and bitpay does some vetting to make sure the company provides good service. but bitpay still expects you to send direct.
while the companies are trust worthy, and will correct issues with product quality, they are getting people comfortable with sending direct, with no form of protection. new users who are just getting started have no awareness of the issue.
Many people like to support smaller businesses. and there are lots of great small businesses out there that will do everything they can to provide good products/services. But there are many fake small business scammers out there. Escrow can protect against this.
Sites big and small could get hacked, users could end up on the wrong site, and blindly send btc to the wrong address. an arbitrator might catch this.
arbitration is not perfect and can also have issues, or an arbitrator could be a scammer. Its important that arbitration be decentralized, not just one big company like bitpay, but lots of individuals.
When the consumer losses out due to scams the consumer is a direct victim. but it also hurts the crypto community, giving a bad image, and good businesses end up with a customer base that has less money to put towards the good businesses that deserve it.
There are a few ways to go about using escrow with multisig. The first is direct wallets, with manual setup. Electrum and Copay/bitpay wallets are wallets that support multisig. the most popular way would be a 2 of 3 wallet. where 2 signers out of 3 people are needed to finalize a transaction. if everything goes well the buyer and seller are involved. if there is an issue the arbitrator will review evidence, and side with one or the other. Manual also allows for upto 10 signers) The other ways are a more automated way of doing the same thing. Bitrated is one of them. the buyer will select someone they will be buying off, and an arbitrator. it also allows you to link social media, and has a rating system based on your social media following/reputation, and your trades on platform. The other popular place is OpenBazaar. In OpenBazaar2 anyone can be an arbitrator, there is also a verified moderator, that has been checked by the OpenBazaar team to be a good crypto community member. also altcoins can be used in OpenBazaar2. Bithalo is similar to openbazaar but with double escrow, this gives both buyer and seller more incentive to be serious and honest. I meant to play with it more, but i was inspired to start writing and get this out.
Bisq is an exchange, one of the only ones where you have the keys. currently the developer serves as the arbitrator, but hopefully in future releases it will be opened up to members of the community. Bisq is software that runs on mac/win/linux for exchanging fiat to/from btc or btc to/from altscoins. All other exchanges you don't have the keys, and should not be trusted as much as people do. Binance is looking to become more like bisq, but currently binance is centralized and has the key. as far as I know, no other exchange is working towards this for bitcoin. there are some other decentralized exchanges- forkdelta for eth tokens only. bitshares, and maybe a few others I haven't spent much time on, like nem, waves, neo, maybe eos- the smart contract coins.
Manual Multisig is good for private, and one time use, or long term agreements where the wallets can be left active. Bitrated is good for checking reputation, and setting one time offers. OpenBazaar is good for the seller to list items for sale. The seller will choose various acceptable arbitrators, and from that list the buyer can choose an arbitrator. Have a significant number of arbitrators to choose from (manual may be difficult to find).
An additional advantage to utilizing multisig for crypto enthusiasts is more people will be hodling potentially for a few hours, days or even weeks. This can drive the btc price up.
an additional issue, especially for projects that may take weeks or months is price volatility. you'll have to agree on if you are strictly priced in btc, or if you are using a fiat exchange rate at the start of the transaction, or at the end of the transaction. or you might give the option to be whatever is more advantagious to the business or customer.
This opens up some spaces for new companies to become arbitrators, and certain people may like a well established arbitrator, while others might like the small individual arbitrator. Anyone of the parties could even set themselves up to hedge the exchange rate to make more interesting offers.
I would hope that those who are true believers will start using escrow soon, and get people in the habit of transacting safely. Overstock seems to be a crypto ally so I hope to see them start sooner. Expedia seems like they just care about customer demand and the profit, so I don't expect as much from. There are many other examples, I just didn't want to spend the time to go through everything. There's lots of people already on bitrated, and openbazaar, that maybe need a little reminder, just how important their part is in escrow, and keeping the crypto community strong
https://www.bitrated.com/opticbit
OpenBazaar Verified Moderator ob2: QmcscQDiCuTSGxBeMD9qyXwRMcbLU5m9P1kupojYJdFdoh (Me)
submitted by opticbit to Bitrated [link] [comments]

BUY BITCOIN ON BINANCE.COM - YouTube Rushing To Buy Bitcoin, Binance Vs Ethereum, Libra Kitties, Bitcoin DeFi & BTC Oil Company China Integrating Ethereum; Binance Buying Payment Company; DeFi Bitcoin & Ethereum Growing Binance trading Huge Tip: Buy Bitcoin On Coinbase For Free! How To Have $0 ... how to open Binance exchange to buy bitcoin&cryptocurrency ... How to Withdraw Bitcoin from a Bitcoin Exchange to a ...

Binance CEO Denies 'Tai Chi' Bitcoin Regulation Evasion Scheme A leaked document purportedly from Binance senior executives outlines a plan to use a US subsidiary to evade regulators. By Jeff Benson. 4 min read. Oct 29, 2020 Oct 30, 2020. Binance is one of the largest cryptocurrency exchanges in the world (Image: Shutterstock) In brief . Forbes has reported that Binance had a secret plan to ... Bitcoin is the world’s largest cryptocurrency by market capitalization (market cap) and commands a large portion of the trading volume (and the attention) in the cryptocurrency markets. If we look at the summative market capitalizations of all the existing cryptocurrencies, then we can arrive at a total market cap valuation for the entire cryptocurrency space. Binance cryptocurrency exchange - We operate the worlds biggest bitcoin exchange and altcoin crypto exchange in the world by volume With the Copay Wallet, your private keys and your money remain in your control at all times. And you're using code that's 100% open source for community testing and audits. We built the following features into this version of the Copay app that doesn't compromise on security or accessibility: - Support Bitcoin, Bitcoin Cash, Ethereum and XRP Copay is a multi-signature wallet that gives you and your copayers compete control of the private keys needed to access your bitcoin. The Copay app securely stores multiple, distinct bitcoin wallets, allowing both business and privacy-conscious users to keep funds carefully separated. Copay is an open source project, whereas the BitPay wallet app is officially supported by BitPay. Copay is a secure bitcoin wallet that is backed by BitPay. Developed by BitPay to secure BitPay’s funds, the developers of Copay designed the wallet to give users maximum control of their money. They added robust security features, convenience and transparency in an effort to make Copay an instant favorite among crypto enthusiasts. Bitcoin Ethereum Ripple Bitcoin Cash Chainlink Binance Coin Litecoin Cardano Bitcoin SV EOS Monero Tron Stellar Lumens Crypto.com Coin Tezos UNUS SED LEO NEO NEM Cosmos Iota VeChain Dash THETA ZCash Ethereum Classic Maker Ontology Waves Dogecoin FTX Token Algorand Basic Attention Token HedgeTrade BitTorrent DigiByte 0x Ren Zilliqa Qtum Icon ... Copay bietet also „native support“ für das Bitcoin Testnet an. Das ist perfekt, um neue Bitcoin Apps auf unterschiedlichen Plattformen zu testen. Es ist auch anzumerken, dass es bei der Einschränkung durch die nur zwei Copay Wallet Währungen ein Schlupfloch gibt: Indem man mit der App auf andere Wallets zugreift, hat man auch auf andere Währungen Zugriff. Bitcoin cash users now have another venue to earn interest on their digital asset holdings. Binance has added support for BCH flexible deposits on its lending platform, alongside ETH and EOS.This ...

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BUY BITCOIN ON BINANCE.COM - YouTube

Welcome back Altcoin Daily Team! Today I want to show you how to buy Bitcoin and altcoins on Coinbase with ZERO fees. Also you can trade Bitcoin or Altcoins ... Amazon Affiliate Link - (If You Buy Something On Amazon, I Get A Small Commission As A Way To Support The Channel) - (There is NO extra cost for you) https://amzn.to/39MXp4q Computer I Use To ... binance trading Tutorial Table of Contents: 13:56 - Marker. FOREX: How To Trade Pure PRICE ACTION (Make Trading As Simple As 1 - 2 - 3) No Indicators! https://www.binance.com/en/register?ref=C8LPCV3S Hello everyone, Today I will show you how to buy Bitcoin. It is very simple. First you need to register on B... how to open Binance exchange to buy bitcoin #cryptotradingexchange #binance # howtoopen Binance link: https://www.binancezh.pro/en/register?ref=XW91KRSO buyi... If you want to use bitcoin for buying things online, you should use a bitcoin wallet that broadcasts transactions immediately. Most accounts and exchange ser... The Cryptoviser on YouTube. Daily Cryptocurrency, Blockchain, Investing and Finance News and Discussions. ***** Want to help support The Cryptoviser, there are 3 ways: 1. CashApp me directly ...

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