Where to Find Bitcoin Wallet Address in Coinbase Made ...

PSA: How to use crypto to sell/buy PMs on r/PMsForSale

TL;DR 1: this is not an investment recommendation. This is not an endorsement of any crypto coin, token, or service. This post (which is a bit longish) describes how to use crypto as another payment mechanism. It would just add another tool to your PM trading toolbox.
TL;DR 2: This is not an exhaustive review – it’s a simplified how-to. Calling me out on certain minute aspects is useless. However, if I made a mistake, or omitted something important PLEAESE correct me.
TL;DR 3: I’ll describe everything in chapters, so as you go down, if you feel this is irrelevant to you, you can stop without spending too much time reading it all.

Chapter 1: Why use crypto

  1. You control the entire transaction, end to end. You do not need a third party (Like PayPal or Google) telling you what you’re allowed to sell, and for how much. You do not need to resort to subterfuge (“use Friends & Family, and make sure to leave no notes!”).
  2. Crypto transactions add a level of privacy (depending on how you use them).
  3. Transactions are secure (read more about blockchain technology), and usually only involve you sharing your crypto address with your counterpart.
  4. Transactions are irreversible – good if you’re an established seller who’s afraid of chargebacks by scammers.
  5. Yet transactions can still be proven – they’re out there on the blockchain, available for all to see.
  6. Most of the time, transactions are fast (depending on network traffic and amount of gas paid).

Chapter 2: Types of crypto

I’m not going to go into technicalities, and definitely not recommend anything. Let’s just split the crypto world right now into 2 types of coins: stable, and unstable.
  1. Unstable coins (Bitcoin, Ether, Ripple etc.) can see their fiat value go up or down several times a minute. They’re volatile, and while they can be used to pay, the buyer and seller need to agree on the spot, convert fiat to the coin and start the transaction – at the end of which, the fiat value received may be higher or lower than when the transfer started. Because of that, I’ll avoid discussing them here.
  2. Stable coins usually run on the Ethereum blockchain, and use a technology called “smart contract” to attach their value to fiat. A stable coin like USDC, DAI, USDT etc. will always be worth $1 (give or take 1% at certain times). For all intents and purposes, if I quote you a price of $250 and you send me 250 USDC – we’re done.

Chapter 3: what do I need to have to trade in stable coins?

  1. An address – your crypto address allows you to control crypto on the blockchain. More specifically, it allows you to withdraw funds (since everyone can deposit to your address, whether you want it or not).
  2. A crypto wallet. A wallet is NOT where you hold your coins! Your “money” is on the blockchain, assigned to your address. Your wallet allows you to mange the coins in that address. You can either use one of the free wallets out there, or have one provided to you by an exchange. I recommend MetaMask. It runs as a browser extension (Chrome, Firefox, Brave) or a mobile app. Make sure you do your due diligence before selecting a wallet, so you wont use a scammy app, that will use your pass phrase to clean up your address!
  3. Some Ether (usually 0.05-0.1 ether is enough for several transactions) – every transfer on the blockchain has a fee, representing compensation for the computer work done to transfer funds from address to address. This fee, known as “gas” can go from fractions of a cent to several dollars – depending on the blockchain traffic at the time. You can control the amount of gas, and price of gas for your transactions, but generally speaking: the less you pay, the slower the transfer. Gas is paid in Ether only, so you need some in your wallet (see below on how to get it).
  4. If you want to sell using crypto – you’re done!
  5. If you want to buy using Crypto, you’ll need to convert some fiat to stable coins – see next chapter.

Chapter 4: Quickest way to get stable coins

The easiest way to start (in the US – your miles/kilometres may vary elsewhere) is to open a Coinbase account.
(Disclaimer: you can choose any other exchange. I’m not compensated by Coinbase, I have no stake in Coinbase, I don’t work there, or know anyone who does. There’s a reason I mention them: they make this simple.)
While Coinbase is the fastest and easiest way to go for noobs, there are some caveats:
  1. Coinbase is a registered financial company. They require full KYC (i.e. photo of your driver’s license). Everything you do gets reported to the IRS, authorities, etc. But then, your bank does the same.
  2. Coinbase doesn’t care where the funds come and go – unless law enforcement, IRS, SEC etc tell them to care. If you’re privacy-oriented, an exchange is not for you, go to the next chapter.

Let’s look at the steps of using Coinbase, and how much they’ll cost you:

  1. Open Coinbase account (free)
  2. Go through KYC needed to connect a bank account to your Coinbase account (free)
  3. Transfer fiat to your account (free if bank transfer, otherwise credit/debit card fee applies)
  4. Convert fiat to the stable coin USDC (FREE! Since Coinbase “owns” USDC, they don’t charge anything to convert back and forth between USD and USDC. And it’s always 1-1 conversion.)
  5. Transfer USDC to an external wallet (yours, or a sellers) (FREE! Again, another perk – Coinbase pays your transfer gas fee).
  6. If you’re content with using Coinbase as your wallet, you are done!
a. When you want to buy, you ask the seller for his address, and transfer USDC to him (free).
b. When you want to sell, you give the user your Coinbase USDC address and he sends there (free again).
c. Make sure you send the right address – there are no backsies in crypto!!!

Using your own wallet:

  1. Install MetaMask. Follow instructions to create your address. Make sure you keep the pass phrase safe (NOT ON YOUR COMPUTER).
  2. Go through steps 1-5 to convert some fiat to USDC for free.
  3. Buy some ether – Currently Ether spot is about $230, meaning it’ll cost you about $10-20 to get some Ether + whatever fee Coinbase has on trading.
  4. Send the USDC to your new address.
  5. Send the Ether to your new address.
  6. You are now good to send and receive payments!
  7. When you receive USDC from a buyer, you can either keep them in your wallet for further use, or send to Coinbase, convert to fiat and send to your bank account. Always remember: on Coinbase 1 USDC == $1.

Chapter 5: Doing it on your own – for advanced users only

If you don’t like sharing all your info with Coinbase, you can definitely just install your own wallet (MetaMask is still the best option, IMHO, but there are many more), and fund it personally.
The biggest challenge you’ll face is: how do I convert fiat to crypto? Here are some options:
  1. The easiest: get someone to sell you some. Someone who already went through the whole process, and will agree to give you some crypto. Once you have crypto, you can easily convert it to any other crypto, without using any exchange, using crypto swap apps.
  2. The more expansive: use a service like Changelly (and there are others – again: I have no stake) to “buy” crypto. Take into account that they have fees. There are also services (like LocalBitcoins) that will allow you to buy directly from other people, for lower fees.
  3. You can use a different exchange, perhaps even one in a different country. Take into account that you’ll need to get actual money there, so at one point, someone will know something about you.
As said, once you have ANY crypto in your wallet, it’s easy to convert it to stable coins, Ether, or everything else you need.

Summary

I tried covering the basics of using crypto for payment. I did my best to avoid techy aspects and jargon.
Crypto is here to stay. Next (and current) generations will use it, like we’re using credit cards and PayPal. It will have no “magic” or “hoax” attached to it. It’s not “good” or “bad” – it’s just another way to convey value.
I was taught all this by someone. I’m sharing this with you now, in the hope you’ll share it with other people. That’s how knowledge grows.
If anyone wants any clarification, or expansion on any item, feel free to comment below, or reach out to me.
submitted by Niceguy955 to Silverbugs [link] [comments]

Defi Coins List In Detail

A Detail List Of Defi Coin

Lending

Trading

Payments

Wallets

Interfaces

Infrastructure

Analytics

Education

Podcasts

Newsletters

Communities

submitted by jakkkmotivator to Latest_Defi_News [link] [comments]

March beermoney earnings report (£319.16) - Who paid me in March

I figured I'd post my first beermoney earnings report and no this is not an april fools, I hope u/flybywire2a doesn't mind me borring his formatting as i'm bad at starting from scratch.
Anyway here's what I made :
Source Type March
Upvoice Passive - Browser Extension $30
IntelliZoom Panel User Testing $8
BigToken Surveys $100
CitizenMe Surveys £6.60
Viewsbank Surveys £16
McMoney Passive - SMS $5
LazyBucks Passive - Facebook $15
Bitwala Sign-up €30
Zuex Sign-up Interest £0.12
Xapo Sign-up £15.16
Trading212 Sign-up £29.22
MoneySMS Passive - SMS €5.10
Huyu Receipt Scanning £5
ReceiptHog Receipt Scanning £3
Panel App Passive - Location £1
OnePulse Surveys $10
TopCashBack Cashback £82.31
Google Opinion Rewards Surveys £1.32
Streetbees Surveys £3
Electroneum Passive - Cloud Mining £1.76
Phoneum Passive - Cloud Mining $1
Brave Passive - Browser £11.17
Chip Sign-up £10
Tickr Sign-up £10
OnlyFans Adult Entertainment $20
Converted Total £319.16
Seems pretty good for a third month considering i'm doing everything haphazardly, sadly I didn't record the prior months but started doing it now in case I need to ever pay tax on my earnings.

Sign-Ups

Please be aware all sign-ups require you to use a ref link or code in order to get the bonus.

Surveys

User Testing

Cashback

Receipt Scanning

Passive

Adult Entertainment - Definitely not for everyone

submitted by beegweena to beermoneyuk [link] [comments]

Bitcoin Gemini Exchange Review 2020

Bitcoin Gemini Exchange Review 2020
If you are planning to place assets into cryptographic types of cash like Bitcoin or Ether, in any case, you do not understand where to start, this Gemini exchange review will help you with choosing.
Gemini Bitcoin Exchange Review 2020
You need yourself to be a productive advanced cash intermediary. By what technique will you become? To help you here's an exchange review, which will give every one of you the low down information required for a powerful enthusiasm for one of the most trusted in stages the Gemini Exchange.
We should find all the more right currently review
Gemini Review :
About Gemini Exchange
Twin kin developed Gemini Winklevoss in the year 2014. The Gemini exchange is arranged in New York. The Gemini crypto exchange is open in essentially all US states, similarly as UK, Canada, Puerto Rico, Singapore, South Korea, and Hong Kong. In 2016, Gemini transformed into the world's recently approved Ether exchange.
It positions 82th greatest exchange on earth as showed by 24-hour volume on Coinmarketcap. While Gemini Bitcoin and Gemini Ethereum trading volumes are high, the exchange is endeavoring with all undertakings to fight with those stages offering a predominant piece of the cryptographic types of cash, for instance, Binance.
Reinforced Currencies
Gemini offers crypto to fiat portions and a BTC/ETH grandstand, which makes it a quick contender to any similarity to Coinbase, Bitstamp, and Kraken. At present, it is one of the most respected and ensure about exchanges open. This is in light of the fact that it has more features to help secure customers against developers. Also, it is one exchange for the CBOE Bitcoin future settlement. Gemini Mobile application is directly available, which is amazingly basic and versatile to use.
How to use Gemini?

https://preview.redd.it/qnowl19fwaj41.jpg?width=720&format=pjpg&auto=webp&s=1819eeac9d4c44681c0afe616d387b60a78f7c8e
1) Go to the official site and snap the "Register" tab on the upper right corner.
Enter your name, email address, and mystery word for your own record. While affirming your email address, it is critical to :
Affirm your email address and enter both your region and phone number, by then you can set up 2-Factor Authentication (2FA) which will be an additional layer of security to your record.
Incorporate your monetary equalization. Starting at now, Gemini recognizes simply bank moves and wires, as a methodology for putting away holds.
To check your record, move your organization ID proof. This will help you with executing and trade US Dollars. Moreover, it will help Gemini with as per the Bank Secrecy Act (BSA) and Anti Money Laundering (AML) rules. The affirmation time may run from a couple to a couple of days.
Subsequent to completing of all the above strategies, you can use your record for financing.
gemini crypto exchange
2) Deposit Currency
In the Menu, click Transfer Funds, by then find a good pace Bank Transfer and Exchange. Enter the whole you have to store here. Moreover, note $500 consistently is the most extraordinary most extreme for Bank moves.
3) Trading Bitcoin and Ethereum
As you store by methods for bank move, they are quickly available for trading. you can purchase by encountering the menu and picking your supported trading pair. For example, for Bitcoin BTC/USD similarly as Ethereum ETH/USD.
In the wake of embeddings the expense and sum it will process your buy demand. There is another choice to trade by methods for the business community which has exhibit orders gave by various customers.
After the fulfillment of your purchase, your record will be acknowledged with your Ethereum just as Bitcoin purchases. You can sell your computerized cash on the Gemini crypto exchange. Regardless of the way that you can't make a withdrawal until your bank move has been completely arranged.
gemini sponsor organization
4)Trading Limits
By and by, For most trade strategies, there are no limitations on trades. In any case, Automated Clearing House (ACH) moves have the greatest store most remote purpose of $500 day and $15,000 consistently for singular record holders. Associations have a state of restriction for making ACH stores of $10,000 consistently or $300,000 consistently.
Gemini Marketplace
There is a Gemini business focus that runs 24*7. Here, you can have indistinguishable number of solicitations from you wish to have, with a variety of trading choices. These include:
Market Orders – With the present best open worth, the solicitations here starting dealing with quickly against resting orders.
Purpose of repression Orders – The sum is filled at or better than a given expense. The sum which isn't dispatched lays on the solicitation book diligently until it is filled or dropped.
Brief or Cancel (IOC) Limit Orders – The sum is filled at or better than a given expense. The sum which isn't filled rapidly is dropped and doesn't lay on the perpetual solicitation book.
Maker or Cancel (MOC) Limit Orders – The sum lays on the solicitation book continually at a foreordained expense. Furthermore, the entire solicitation is dropped if there is any sum that can be filled immediately.
All solicitations made on this stage are totally sponsored and fill in as a full hold exchange. In any case, there is no edge trading Gemini. Despite that, reliably the customer's record equality should have more balance than the exceptional excitement on demand books. Also, all open solicitations decline your available leveling until they are fulfilled or dropped
Gemini Fees
In the event that there ought to be an event of moves, Gemini crypto exchange has a low cost technique and stage customers can store Bitcoin, Ether, at freed from charges for both bank and wire moves. In any case, banks will charge a cost for the customers to wire money to their Gemini account. Withdrawals on the stage are free and all customers will have 30 free withdrawals for each calendar month.
Any withdrawals more than this total will pull in costs comparable to the mining charges payable on either sort out. The costs are around 0.001 BTC or 100,000 Satoshi per trade on the Bitcoin Network and 0 GWei or 0 ETH per trade on the Ethereum Network.
MakeTaker charges
0.25% is the trading costs for both sellers(makers) and buyers(takers). If it shows up at certain trade volumes, charges will be reduced. The maker charge is 0% for 30-day trading volumes that outperform 5,000 Bitcoin or 100,000 Ether. For a comparable trading entirety, the taker run after will bubble to 0.10%.
Gemini uses dynamic maker and taker charge or reimbursement timetable, and sellers can get reimbursement on liquidity-creation trades. The particular entireties depend upon net trading volumes and the buy and sell extent over a multi day time allotment. The data are adjusted as expected and more information on charges can be found here.

https://preview.redd.it/exgucn9gwaj41.png?width=225&format=png&auto=webp&s=34fc66d46df40444abcc9ac61308106b2e3f57c0
charges
Concerning purchases, the base purchase whole for Bitcoin is 0.00001 BTC, or 1000 satoshis, for Ether, the base sum is 0 .001 ETH
Security-at-Gemini
Bitcoin Gemini Reviews, is a strong exchange that has a better than average reputation in everyone. The exchange goes about as a way into the universe of cryptographic cash trading. This may be in light of the fact that various customers first quit concerning purchasing Bitcoin and Ethereum. In comprehension to Coinbase, Gemini has a near space. Wherein it allows its customers to make trade clearly to and from their records.
Gemini is a not too bad choice, for people looking to securely trade either Bitcoin or Ethereum. The exchange is a potential decision for new competitors to the market similarly as logically settled sellers who like to make trades by methods for their monetary adjusts.
Latest News
Dec 17, 2019: Well realized cash related pro association State Street picked Gemini exchange for the new propelled asset pilot adventure.
Nov 19, 2019: Gemini exchange wanders into NFT's and acquired Nifty Gateway Solution, a phase to buy Non-Fungible Tokens.
Nov 14, 2019: The exchange added Stop-Limit to the solicitations being executed on the stage.
Sep 11, 2019: Gemini dispatches Gemini Custody with 18 cryptographic types of cash
Sep 5, 2019: Gemini Clearing™, a totally electronic clearing and settlement answer for off-exchange exhibited by the stage
Aud 27, 2019: Gemini Joins the Silvergate Exchange Network
Aug 22, 2019: Gemini loosens up and reaches to Australia
April 15, 2019: Gemini wallet support Segwit
Gemini Bitcoin Exchange Review
Rundown: How to Buy Bitcoins by means of Gemini
Register a record at Gemini and check email code sent to you.
Set up two-factor validation (2FA).
Give checked ID as a major aspect of the confirmation procedure.
Include ledger.
Store cash by clicking "Move Funds", "Store into Exchange" and afterward picking the sort of bank move.
Snap "Purchase" catch and round out the buy structure to get BTC.
Is Gemini Safe?
Gemini is extremely worried about its clients' wellbeing, in this manner it utilize three arrangements of security...
MORE
Gemini Comparison with Other Exchanget
To exchange bitcoins you have to initially peruse and think about various BTC trades...
MORE
In Which Countries Is Gemini Available?
You can arrange bitcoins through Gemini nearly in any nation, yet discover where you can't...
MORE
Guide: Buying BTCs at Gemini
It is anything but difficult to purchase bitcoins on Gemini trade, knowing the essential standards and prerequisites...
MORE
FAQ
Discover to what extent the exchange takes, how to pull back BTCs and what strategies for...
MORE
Practically equivalent to Bitcoin Exchanges
We have arranged a rundown of trades, notwithstanding Gemini, that can assist you with requesting bitcoins...
MORE
With developing worth and system, bitcoin is ready to turn into the main online resource in the realm of ventures.
Gemini bitcoin trade survey
This article is worried about one of the most well known trades with regards to BTC exchange, Gemini.
What Is Gemini?
Gemini is one of the realized digital money trades that offer an assortment of exchange apparatuses for speculators that have some involvement with the business. The organization that claims the stage is enrolled as LLC in New York State, USA, offering USD to BTC and USD to ETH exchange trade.
Purchase BTC at Gemini
Propelled in 2015, Gemini offers two unmistakable commercial centers, them being:
customary trade administrations;
bitcoin barters.
Upon its appearance, the stage offered its administrations in the US just, bit by bit including different nations all the while. The organization is possessed by the Winklevoss twins, who guarantee that they are have about 1% of the complete BTC volume.
Winklevoss siblings are Gemini's proprietors
Gemini Security
With regards to the wellbeing of your assets, Gemini applies three arrangements of safety efforts that should be referenced. To start with, the stage applies advanced money safety efforts by offering hot and cold stockpiling wallets, where cold wallets have multisig capacities to forestall hacking endeavors at your equalizations.
Gemini security
The subsequent measure is identified with the exchange where the entirety of the exchanges at Gemini are led through pre-financed accounts, implying that merchants and purchasers can't post orders on the off chance that they don't have adequate BTC or fiat monetary forms in their parities. Finally, the site security comprises of two-factor verification (2FA) and HTTP encryption of all data in regards to merchants and stage's exchanges from outsiders.
Accessible Payment Methods
As of now, Gemini acknowledges stores communicated distinctly in ACH (for US dealers) and wire moves (for every other person) communicated in USD. Credit or check cards, money stores, PayPal and numerous different alternatives are wanted to be remembered for the future however are not accessible at the present time.
Buy bitcoin by means of wire move
You ought to buy in to the Gemini news source since the organization will promote the new store strategy through that channel of correspondence.
Shouldn't something be said about Fees?
While saving or pulling back your assets communicated in fiat or computerized monetary forms, dealers would find that the administrations are done totally free. Then again, Gemini charges exchange expenses are charged dependent on a month to month net exchange volume. Taker charges can extend from 0.15% to 0.25% while creator expenses from 0% to 0.25%.
Expenses at the trade
Does Gemini Have Limits?
Cryptographic money and wire stores and withdrawals don't have any constraints forced on dealers, implying that in the event that you utilize the said administrations, you can buy, sell and pull back bitcoins with no deterrents. Singular American financial specialists utilizing ACH move, then again, have $500 every day and $15.000 month to month while institutional individuals have $10.000 day by day and $300.000 month to month store limits.
No restrictions for purchasing bitcoin
Gemini Comparison
When thinking about exchanging at any trade, you should hope to analyze the administrations, expenses and impediments with other comparative stages. In this manner, we have assembled an examination investigation where we benchmarked Gemini against two other well known decisions with regards to BTC buy: Kraken and Coinbase.
Gemini versus Kraken
Kraken, much the same as Gemini, acknowledges bank moves just, with the significant contrast being that Kraken permits 5 fiat cash stores. Notwithstanding bitcoin, there are 14 more altcoins that you can exchange with at Kraken while the two trades force check on their customers as they are both controlled organizations.
Gemini versus Kraken
Kraken is fundamentally the same as Gemini as far as expenses, as creatotaker charges go somewhere in the range of 0% and 0.26%. Bank moves do accompany little expenses at Kraken while Gemini acknowledges stores for nothing. In conclusion, while Gemini exchanges two or three nations in particular, Kraken is all around accessible.
Coinbase versus Gemini
Coinbase is viewed as one of the biggest bitcoin suppliers on the planet, offering its administrations in 32 nations, USA notwithstanding. The installment strategies at Coinbase are PayPal, bank moves and credit/check cards, two more than Gemini.
Request bitcoins by means of Coinbase trade
Confirmation is an absolute necessity have at Coinbase, much like in Gemini while expenses are a ton lower at Gemini, as you pay between 1.49% to 3.49% from exchange's an incentive at Coinbase. The two trades offer BTC vaults and wallet administrations while Coinbase additionally exchanges with Litecoin which are inaccessible at Gemini.
Gemini BTC Exchange in Different Countries
Gemini's administrations are accessible in a bunch of nations around the globe, them being the US (5 states not upheld), Canada, Japan, South Korea, Hong Kong, Singapore and the United Kingdom. The five US expresses that are not bolstered are Alaska, Arizona, Hawaii, Oregon and Wisconsin.
Gemini trade in various nations
Is It Legal?
Gemini is an American LLC that adheres to New York Banking Law guidelines, actualizing BSA (Bank Secrecy Act) and AML (Anti-Money Laundry Compliance Program) arrangements, implying that customary reviews of the BSA/AML programs are being executed. Moreover, the firm requires all merchants to have reserves pre-saved before the exchange.
Bitcoin Gemini Price, is legitimate
Another significant factor of the stage's lawfulness is the way that since its beginning, Gemini has promptly accessible money related report dating 7 years back.
Does Gemini Support Its Customers?
Concerning the client service, Gemini has a thorough FAQ page where a large portion of the exchanging questions have been replied. Notwithstanding the FAQ, you can likewise top off a shape and present a solicitation to the Gemini group with respect to any issue that you may look on the stage.
Gemini client service
Because of the regular upkeep of the site's administrations, Gemini has a "Status" page where financial specialists can see which administrations and API instruments are working right now and which are definitely not.
Manual for Buy Bitcoins from Gemini
When you have gotten the cash at your Gemini account, click "Purchase" button on the dashboard page.
Buy page for bitcoins at Gemini
Presently, round out the structure on the right, giving request type, volume or estimation of BTC you wish to get and click "Purchase" to get bitcoins in your record immediately. Try to check the BTC cost at the upper left piece of the "Purchase" page to ensure it has not changed at the time you have begun the buy procedure.
Enrollment
It is totally allowed to enroll a record at Gemini bitcoin trade and the procedure begins once you click "Register" button at the upper right corner of the site. Give your complete name, email address and secret key in subsequent stage and snap "Make My Account".
Make account at Gemini
You will get an email code which you should duplicate glue into the Gemini's check page.
Contribution of enactment code on Bitcoin Gemini Registration
The accompanying advances will open up for you to finish, in this way you have to arrangement your 2FA security apparatus, include a financial balance and give checked ID to finish the enrollment methodology.
To what extent Should I Wait for Verification?
Check stage can take between an hour and a day, contingent upon various enlistment applications Gemini has right now you have begun the procedure. You ought to set up every single essential report before you start and arm yourself with persistence as a stage would set aside effort to process your data.
Confirmation process at Gemini
Would you be able to Get Bitcoins Without Verification?
At the enlistment page, you are required to check your personality and frog your financial balance. When you have presented the records, you can't enter the stage's exchange page until the help affirms your subtleties. In this way, it is unimaginable to expect to buy supply of bitcoins without confirmation.
Obligatory confirmation before purchasing BTCs at Gemini
How to Add Money to Account?
When you have finished the enrollment and confirmation of your record, click button "Move Funds", situated in the top segment of your dashboard page. In following stage, click "Store Into Exchange" and pick either USD or Wire alternative, contingent upon what financial balance you have included at enrollment stage.
Add assets to Gemini account
You can likewise store bitcoins in your Gemini wallet too.
Store BTCs in the Gemini wallet
At the last phase of wire move subsidizing process, you have to give bank's wiring data, for example, your record number and other significant data that can be found by clicking "Bank Settings".
Give bank's wiring data
When data has been given, basically click "Store" button which will show up at the base of the page.
Secure Your Account
Keep the entirety of your record and wallet passwords out of the programmer's compass by continually evolving them. Monitor the new secret key by keeping in touch with them down on a bit of paper as to not overlook them meanwhile.
Record with 2FA on trade
You as of now have 2FA from the enlistment stage and don't give your private data to some other dealer on the stage.
FAQ
To what extent Does It Take to Make Transaction?
It takes 4 to 5 days to store assets in your Gemini account while exchanges themselves are done following you the exchange started. Diverse request types have distinctive length, contingent upon what dealer wishes to accomplish.
Sitting tight for exchanges on the trade
Would i be able to Buy Bitcoin with PayPal at Gemini?
Now, brokers can't utilize PayPal as store technique at Gemini. You ought to buy in to the trade's news channel as to get warnings if the strategy opens up to store alternative later on.
Does Gemini Have a BTC Wallet?
The stage offers two kinds of wallet administrations, one being "hot" wallet and another being vault stockpiling. Both are based just, with the principle contrast being that vault stockpiling gives extra security keys that are utilized while moving bitcoins all through the wallet. Along these lines, vault administrations are esteemed as more secure than the standard BTC wallet.
Gemini wallet
Pulling back Your Bitcoins from Gemini
At the dashboard page, click "Move Funds" and afterward "Pull back From Exchange" to begin the procedure. Pick bitcoins to continue towards the withdrawal structure. Determine the measure of BTC you with to escape the trade and give your wallet address. Snap "Survey Withdrawal" and check the data. When you are fulfilled, click "Affirm" to end the procedure. Your coins will show up inside 24 hours to your ideal area.
Pull back BTC from Gemini
Instructions to Order BTC with Credit/Debit Card at Gemini
As with PayPal, it is preposterous to expect to buy bitcoins with the assistance of credit or charge cards at Gemini, since the choice isn't accessible right now. Stay aware of trade's news and declarations as the CC/DC choice may open up later on.
Gemini Mobile App
Portable stages are yet to be created by Gemini, implying that exchange is accessible on perusing stage as it were. Watch out for the declaration, as the organization may make the push towards telephone exchange not so distant future.
Purchase BTC just on Gemini perusing stage
Gemini Analogs
Aside from Gemini, we at BitcoinBestBuy have checked on numerous different stages that can assist you with getting bitcoins effectively and securely. They all change regarding local accessibility, expenses, buy strategies and confirmation necessities, so make a point to check different articles also.
Get BTC at digital money stages
Coinbase Exchange Review
Being one of the biggest BTC exchanging stages the world, we made a survey of their charges, store choices and other important data with respect to the trade. We have likewise given bit by bit controls on the best way to buy and pull back assets and coins from Coinbase.
Coinbase survey
Full Review Coinbase Bitcoin Gemini Exchange
Find out About Kraken
Kraken is another trade that offers bitcoins through bank moves and its administrations are all inclusive accessible. We made a survey of Kraken's advantages and disadvantages, giving our customers a diagram of the trade as far as expenses the organization charges, check prerequisites and buy procedures of the stage.
https://www.cryptoerapro.com/bitcoin-gemini/
http://www.cryptoerapro.com/
https://twitter.com/cryptoerapro
https://www.instagram.com/cryptoerapro/
https://www.pinterest.co.uk/cryptoerapro/
https://www.facebook.com/cryptoerapro
https://www.facebook.com/pg/bitcoingeminibot
https://www.facebook.com/events/282310836080639/
submitted by cryptoerapro to u/cryptoerapro [link] [comments]

⚡ Lightning Network Megathread ⚡

Last updated 2018-01-29
This post is a collaboration with the Bitcoin community to create a one-stop source for Lightning Network information.
There are still questions in the FAQ that are unanswered, if you know the answer and can provide a source please do so!

⚡What is the Lightning Network? ⚡

Explanations:

Image Explanations:

Specifications / White Papers

Videos

Lightning Network Experts on Reddit

  • starkbot - (Elizabeth Stark - Lightning Labs)
  • roasbeef - (Olaoluwa Osuntokun - Lightning Labs)
  • stile65 - (Alex Akselrod - Lightning Labs)
  • cfromknecht - (Conner Fromknecht - Lightning Labs)
  • RustyReddit - (Rusty Russell - Blockstream)
  • cdecker - (Christian Decker - Blockstream)
  • Dryja - (Tadge Dryja - Digital Currency Initiative)
  • josephpoon - (Joseph Poon)
  • fdrn - (Fabrice Drouin - ACINQ )
  • pmpadiou - (Pierre-Marie Padiou - ACINQ)

Lightning Network Experts on Twitter

  • @starkness - (Elizabeth Stark - Lightning Labs)
  • @roasbeef - (Olaoluwa Osuntokun - Lightning Labs)
  • @stile65 - (Alex Akselrod - Lightning Labs)
  • @bitconner - (Conner Fromknecht - Lightning Labs)
  • @johanth - (Johan Halseth - Lightning Labs)
  • @bvu - (Bryan Vu - Lightning Labs)
  • @rusty_twit - (Rusty Russell - Blockstream)
  • @snyke - (Christian Decker - Blockstream)
  • @JackMallers - (Jack Mallers - Zap)
  • @tdryja - (Tadge Dryja - Digital Currency Initiative)
  • @jcp - (Joseph Poon)
  • @alexbosworth - (Alex Bosworth - yalls.org)

Medium Posts

Learning Resources

Books

Desktop Interfaces

Web Interfaces

Tutorials and resources

Lightning on Testnet

Lightning Wallets

Place a testnet transaction

Altcoin Trading using Lightning

  • ZigZag - Disclaimer You must trust ZigZag to send to Target Address

Lightning on Mainnet

Warning - Testing should be done on Testnet

Atomic Swaps

Developer Documentation and Resources

Lightning implementations

  • LND - Lightning Network Daemon (Golang)
  • eclair - A Scala implementation of the Lightning Network (Scala)
  • c-lightning - A Lightning Network implementation in C
  • lit - Lightning Network node software (Golang)
  • lightning-onion - Onion Routed Micropayments for the Lightning Network (Golang)
  • lightning-integration - Lightning Integration Testing Framework
  • ptarmigan - C++ BOLT-Compliant Lightning Network Implementation [Incomplete]

Libraries

Lightning Network Visualizers/Explorers

Testnet

Mainnet

Payment Processors

  • BTCPay - Next stable version will include Lightning Network

Community

Slack

IRC

Slack Channel

Discord Channel

Miscellaneous

⚡ Lightning FAQs ⚡

If you can answer please PM me and include source if possible. Feel free to help keep these answers up to date and as brief but correct as possible
Is Lightning Bitcoin?
Yes. You pick a peer and after some setup, create a bitcoin transaction to fund the lightning channel; it’ll then take another transaction to close it and release your funds. You and your peer always hold a bitcoin transaction to get your funds whenever you want: just broadcast to the blockchain like normal. In other words, you and your peer create a shared account, and then use Lightning to securely negotiate who gets how much from that shared account, without waiting for the bitcoin blockchain.
Is the Lightning Network open source?
Yes, Lightning is open source. Anyone can review the code (in the same way as the bitcoin code)
Who owns and controls the Lightning Network?
Similar to the bitcoin network, no one will ever own or control the Lightning Network. The code is open source and free for anyone to download and review. Anyone can run a node and be part of the network.
I’ve heard that Lightning transactions are happening “off-chain”…Does that mean that my bitcoin will be removed from the blockchain?
No, your bitcoin will never leave the blockchain. Instead your bitcoin will be held in a multi-signature address as long as your channel stays open. When the channel is closed; the final transaction will be added to the blockchain. “Off-chain” is not a perfect term, but it is used due to the fact that the transfer of ownership is no longer reflected on the blockchain until the channel is closed.
Do I need a constant connection to run a lightning node?
Not necessarily,
Example: A and B have a channel. 1 BTC each. A sends B 0.5 BTC. B sends back 0.25 BTC. Balance should be A = 0.75, B = 1.25. If A gets disconnected, B can publish the first Tx where the balance was A = 0.5 and B = 1.5. If the node B does in fact attempt to cheat by publishing an old state (such as the A=0.5 and B=1.5 state), this cheat can then be detected on-chain and used to steal the cheaters funds, i.e., A can see the closing transaction, notice it's an old one and grab all funds in the channel (A=2, B=0). The time that A has in order to react to the cheating counterparty is given by the CheckLockTimeVerify (CLTV) in the cheating transaction, which is adjustable. So if A foresees that it'll be able to check in about once every 24 hours it'll require that the CLTV is at least that large, if it's once a week then that's fine too. You definitely do not need to be online and watching the chain 24/7, just make sure to check in once in a while before the CLTV expires. Alternatively you can outsource the watch duties, in order to keep the CLTV timeouts low. This can be achieved both with trusted third parties or untrusted ones (watchtowers). In the case of a unilateral close, e.g., you just go offline and never come back, the other endpoint will have to wait for that timeout to expire to get its funds back. So peers might not accept channels with extremely high CLTV timeouts. -- Source
What Are Lightning’s Advantages?
Tiny payments are possible: since fees are proportional to the payment amount, you can pay a fraction of a cent; accounting is even done in thousandths of a satoshi. Payments are settled instantly: the money is sent in the time it takes to cross the network to your destination and back, typically a fraction of a second.
Does Lightning require Segregated Witness?
Yes, but not in theory. You could make a poorer lightning network without it, which has higher risks when establishing channels (you might have to wait a month if things go wrong!), has limited channel lifetime, longer minimum payment expiry times on each hop, is less efficient and has less robust outsourcing. The entire spec as written today assumes segregated witness, as it solves all these problems.
Can I Send Funds From Lightning to a Normal Bitcoin Address?
No, for now. For the first version of the protocol, if you wanted to send a normal bitcoin transaction using your channel, you have to close it, send the funds, then reopen the channel (3 transactions). In future versions, you and your peer would agree to spend out of your lightning channel funds just like a normal bitcoin payment, allowing you to use your lightning wallet like a normal bitcoin wallet.
Can I Make Money Running a Lightning Node?
Not really. Anyone can set up a node, and so it’s a race to the bottom on fees. In practice, we may see the network use a nominal fee and not change very much, which only provides an incremental incentive to route on a node you’re going to use yourself, and not enough to run one merely for fees. Having clients use criteria other than fees (e.g. randomness, diversity) in route selection will also help this.
What is the release date for Lightning on Mainnet?
Lightning is already being tested on the Mainnet Twitter Link but as for a specific date, Jameson Lopp says it best
Would there be any KYC/AML issues with certain nodes?
Nope, because there is no custody ever involved. It's just like forwarding packets. -- Source
What is the delay time for the recipient of a transaction receiving confirmation?
Furthermore, the Lightning Network scales not with the transaction throughput of the underlying blockchain, but with modern data processing and latency limits - payments can be made nearly as quickly as packets can be sent. -- Source
How does the lightning network prevent centralization?
Bitcoin Stack Exchange Answer
What are Channel Factories and how do they work?
Bitcoin Stack Exchange Answer
How does the Lightning network work in simple terms?
Bitcoin Stack Exchange Answer
How are paths found in Lightning Network?
Bitcoin Stack Exchange Answer
How would the lightning network work between exchanges?
Each exchange will get to decide and need to implement the software into their system, but some ideas have been outlined here: Google Doc - Lightning Exchanges
Note that by virtue of the usual benefits of cost-less, instantaneous transactions, lightning will make arbitrage between exchanges much more efficient and thus lead to consistent pricing across exchange that adopt it. -- Source
How do lightning nodes find other lightning nodes?
Stack Exchange Answer
Does every user need to store the state of the complete Lightning Network?
According to Rusty's calculations we should be able to store 1 million nodes in about 100 MB, so that should work even for mobile phones. Beyond that we have some proposals ready to lighten the load on endpoints, but we'll cross that bridge when we get there. -- Source
Would I need to download the complete state every time I open the App and make a payment?
No you'd remember the information from the last time you started the app and only sync the differences. This is not yet implemented, but it shouldn't be too hard to get a preliminary protocol working if that turns out to be a problem. -- Source
What needs to happen for the Lightning Network to be deployed and what can I do as a user to help?
Lightning is based on participants in the network running lightning node software that enables them to interact with other nodes. This does not require being a full bitcoin node, but you will have to run "lnd", "eclair", or one of the other node softwares listed above.
All lightning wallets have node software integrated into them, because that is necessary to create payment channels and conduct payments on the network, but you can also intentionally run lnd or similar for public benefit - e.g. you can hold open payment channels or channels with higher volume, than you need for your own transactions. You would be compensated in modest fees by those who transact across your node with multi-hop payments. -- Source
Is there anyway for someone who isn't a developer to meaningfully contribute?
Sure, you can help write up educational material. You can learn and read more about the tech at http://dev.lightning.community/resources. You can test the various desktop and mobile apps out there (Lightning Desktop, Zap, Eclair apps). -- Source
Do I need to be a miner to be a Lightning Network node?
No -- Source
Do I need to run a full Bitcoin node to run a lightning node?
lit doesn't depend on having your own full node -- it automatically connects to full nodes on the network. -- Source
LND uses a light client mode, so it doesn't require a full node. The name of the light client it uses is called neutrino
How does the lightning network stop "Cheating" (Someone broadcasting an old transaction)?
Upon opening a channel, the two endpoints first agree on a reserve value, below which the channel balance may not drop. This is to make sure that both endpoints always have some skin in the game as rustyreddit puts it :-)
For a cheat to become worth it, the opponent has to be absolutely sure that you cannot retaliate against him during the timeout. So he has to make sure you never ever get network connectivity during that time. Having someone else also watching for channel closures and notifying you, or releasing a canned retaliation, makes this even harder for the attacker. This is because if he misjudged you being truly offline you can retaliate by grabbing all of its funds. Spotty connections, DDoS, and similar will not provide the attacker the necessary guarantees to make cheating worthwhile. Any form of uncertainty about your online status acts as a deterrent to the other endpoint. -- Source
How many times would someone need to open and close their lightning channels?
You typically want to have more than one channel open at any given time for redundancy's sake. And we imagine open and close will probably be automated for the most part. In fact we already have a feature in LND called autopilot that can automatically open channels for a user.
Frequency will depend whether the funds are needed on-chain or more useful on LN. -- Source
Will the lightning network reduce BTC Liquidity due to "locking-up" funds in channels?
Stack Exchange Answer
Can the Lightning Network work on any other cryptocurrency? How?
Stack Exchange Answer
When setting up a Lightning Network Node are fees set for the entire node, or each channel when opened?
You don't really set up a "node" in the sense that anyone with more than one channel can automatically be a node and route payments. Fees on LN can be set by the node, and can change dynamically on the network. -- Source
Can Lightning routing fees be changed dynamically, without closing channels?
Yes but it has to be implemented in the Lightning software being used. -- Source
How can you make sure that there will be routes with large enough balances to handle transactions?
You won't have to do anything. With autopilot enabled, it'll automatically open and close channels based on the availability of the network. -- Source
How does the Lightning Network stop flooding nodes (DDoS) with micro transactions? Is this even an issue?
Stack Exchange Answer

Unanswered Questions

How do on-chain fees work when opening and closing channels? Who pays the fee?
How does the Lightning Network work for mobile users?
What are the best practices for securing a lightning node?
What is a lightning "hub"?
How does lightning handle cross chain (Atomic) swaps?

Special Thanks and Notes

  • Many links found from awesome-lightning-network github
  • Everyone who submitted a question or concern!
  • I'm continuing to format for an easier Mobile experience!
submitted by codedaway to Bitcoin [link] [comments]

Your Guide to Monero, and Why It Has Great Potential

/////Your Guide to Monero, and Why It Has Great Potential/////

Marketing.
It's a dirty word for most members of the Monero community.
It is also one of the most divisive words in the Monero community. Yet, the lack of marketing is one of the most frustrating things for many newcomers.
This is what makes this an unusual post from a member of the Monero community.
This post is an unabashed and unsolicited analyzation of why I believe Monero to have great potential.
Below I have attempted to outline different reasons why Monero has great potential, beginning with upcoming developments and use cases, to broader economic motives, speculation, and key issues for it to overcome.
I encourage you to discuss and criticise my musings, commenting below if you feel necessary to do so.

///Upcoming Developments///

Bulletproofs - A Reduction in Transaction Sizes and Fees
Since the introduction of Ring Confidential Transactions (Ring CT), transaction amounts have been hidden in Monero, albeit at the cost of increased transaction fees and sizes. In order to mitigate this issue, Bulletproofs will soon be added to reduce both fees and transaction size by 80% to 90%. This is great news for those transacting smaller USD amounts as people commonly complained Monero's fees were too high! Not any longer though! More information can be found here. Bulletproofs are already working on the Monero testnet, and developers were aiming to introduce them in March 2018, however it could be delayed in order to ensure everything is tried and tested.
Multisig
Multisig has recently been merged! Mulitsig, also called multisignature, is the requirement for a transaction to have two or more signatures before it can be executed. Multisig transactions and addresses are indistinguishable from normal transactions and addresses in Monero, and provide more security than single-signature transactions. It is believed this will lead to additional marketplaces and exchanges to supporting Monero.
Kovri
Kovri is an implementation of the Invisible Internet Project (I2P) network. Kovri uses both garlic encryption and garlic routing to create a private, protected overlay-network across the internet. This overlay-network provides users with the ability to effectively hide their geographical location and internet IP address. The good news is Kovri is under heavy development and will be available soon. Unlike other coins' false privacy claims, Kovri is a game changer as it will further elevate Monero as the king of privacy.
Mobile Wallets
There is already a working Android Wallet called Monerujo available in the Google Play Store. X Wallet is an IOS mobile wallet. One of the X Wallet developers recently announced they are very, very close to being listed in the Apple App Store, however are having some issues with getting it approved. The official Monero IOS and Android wallets, along with the MyMonero IOS and Android wallets, are also almost ready to be released, and can be expected very soon.
Hardware Wallets
Hardware wallets are currently being developed and nearing completion. Because Monero is based on the CryptoNote protocol, it means it requires unique development in order to allow hardware wallet integration. The Ledger Nano S will be adding Monero support by the end of Q1 2018. There is a recent update here too. Even better, for the first time ever in cryptocurrency history, the Monero community banded together to fund the development of an exclusive Monero Hardware Wallet, and will be available in Q2 2018, costing only about $20! In addition, the CEO of Trezor has offered a 10BTC bounty to whoever can provide the software to allow Monero integration. Someone can be seen to already be working on that here.
TAILS Operating System Integration
Monero is in the progress of being packaged in order for it to be integrated into TAILS and ready to use upon install. TAILS is the operating system popularised by Edward Snowden and is commonly used by those requiring privacy such as journalists wanting to protect themselves and sources, human-right defenders organizing in repressive contexts, citizens facing national emergencies, domestic violence survivors escaping from their abusers, and consequently, darknet market users.
In the meantime, for those users who wish to use TAILS with Monero, u/Electric_sheep01 has provided Sheep's Noob guide to Monero GUI in Tails 3.2, which is a step-by-step guide with screenshots explaining how to setup Monero in TAILS, and is very easy to follow.
Mandatory Hardforks
Unlike other coins, Monero receives a protocol upgrade every 6 months in March and September. Think of it as a Consensus Protocol Update. Monero's hard forks ensure quality development takes place, while preventing political or ideological issues from hindering progress. When a hardfork occurs, you simply download and use the new daemon version, and your existing wallet files and copy of the blockchain remain compatible. This reddit post provides more information.
Dynamic fees
Many cryptocurrencies have an arbitrary block size limit. Although Monero has a limit, it is adaptive based on the past 100 blocks. Similarly, fees change based on transaction volume. As more transactions are processed on the Monero network, the block size limit slowly increases and the fees slowly decrease. The opposite effect also holds true. This means that the more transactions that take place, the cheaper the fees!
Tail Emission and Inflation
There will be around 18.4 million Monero mined at the end of May 2022. However, tail emission will kick in after that which is 0.6 XMR, so it has no fixed limit. Gundamlancer explains that Monero's "main emission curve will issue about 18.4 million coins to be mined in approximately 8 years. (more precisely 18.132 Million coins by ca. end of May 2022) After that, a constant "tail emission" of 0.6 XMR per 2-minutes block (modified from initially equivalent 0.3 XMR per 1-minute block) will create a sub-1% perpetual inflatio starting with 0.87% yearly inflation around May 2022) to prevent the lack of incentives for miners once a currency is not mineable anymore.
Monero Research Lab
Monero has a group of anonymous/pseudo-anonymous university academics actively researching, developing, and publishing academic papers in order to improve Monero. See here and here. The Monero Research Lab are acquainted with other members of cryptocurrency academic community to ensure when new research or technology is uncovered, it can be reviewed and decided upon whether it would be beneficial to Monero. This ensures Monero will always remain a leading cryptocurrency. A recent end of 2017 update from a MRL researcher can be found here.

///Monero's Technology - Rising Above The Rest///

Monero Has Already Proven Itself To Be Private, Secure, Untraceable, and Trustless
Monero is the only private, untraceable, trustless, secure and fungible cryptocurrency. Bitcoin and other cryptocurrencies are TRACEABLE through the use of blockchain analytics, and has lead to the prosecution of numerous individuals, such as the alleged Alphabay administrator Alexandre Cazes. In the Forfeiture Complaint which detailed the asset seizure of Alexandre Cazes, the anonymity capabilities of Monero were self-demonstrated by the following statement of the officials after the AlphaBay shutdown: "In total, from CAZES' wallets and computer agents took control of approximately $8,800,000 in Bitcoin, Ethereum, Monero and Zcash, broken down as follows: 1,605.0503851 Bitcoin, 8,309.271639 Ethereum, 3,691.98 Zcash, and an unknown amount of Monero".
Privacy CANNOT BE OPTIONAL and must be at a PROTOCOL LEVEL. With Monero, privacy is mandatory, so that everyone gets the benefits of privacy without any transactions standing out as suspicious. This is the reason Darknet Market places are moving to Monero, and will never use Verge, Zcash, Dash, Pivx, Sumo, Spectre, Hush or any other coins that lack good privacy. Peter Todd (who was involved in the Zcash trusted setup ceremony) recently reiterated his concerns of optional privacy after Jeffrey Quesnelle published his recent paper stating 31.5% of Zcash transactions may be traceable, and that only ~1% of the transactions are pure privacy transactions (i.e., z -> z transactions). When the attempted private transactions stand out like a sore thumb there is no privacy, hence why privacy cannot be optional. In addition, in order for a cryptocurrency to truly be private, it must not be controlled by a centralised body, such as a company or organisation, because it opens it up to government control and restrictions. This is no joke, but Zcash is supported by DARPA and the Israeli government!.
Monero provides a stark contrast compared to other supposed privacy coins, in that Monero does not have a rich list! With all other coins, you can view wallet balances on the blockexplorers. You can view Monero's non-existent rich list here to see for yourself.
I will reiterate here that Monero is TRUSTLESS. You don't need to rely on anyone else to protect your privacy, or worry about others colluding to learn more about you. No one can censor your transaction or decide to intervene. Monero is immutable, unlike Zcash, in which the lead developer Zooko publicly tweeted the possibility of providing a backdoor for authorities to trace transactions. To Zcash's demise, Zooko famously tweeted:
" And by the way, I think we can successfully make Zcash too traceable for criminals like WannaCry, but still completely private & fungible. …"
Ethereum's track record of immutability is also poor. Ethereum was supposed to be an immutable blockchain ledger, however after the DAO hack this proved to not be the case. A 2016 article on Saintly Law summarised the problematic nature of Ethereum's leadership and blockchain intervention:
" Many ethereum and blockchain advocates believe that the intervention was the wrong move to make in this situation. Smart contracts are meant to be self-executing, immutable and free from disturbance by organisations and intermediaries. Yet the building block of all smart contracts, the code, is inherently imperfect. This means that the technology is vulnerable to the same malicious hackers that are targeting businesses and governments. It is also clear that the large scale intervention after the DAO hack could not and would not likely be taken in smaller transactions, as they greatly undermine the viability of the cryptocurrency and the technology."
Monero provides Fungibility and Privacy in a Cashless World
As outlined on GetMonero.org, fungibility is the property of a currency whereby two units can be substituted in place of one another. Fungibility means that two units of a currency can be mutually substituted and the substituted currency is equal to another unit of the same size. For example, two $10 bills can be exchanged and they are functionally identical to any other $10 bill in circulation (although $10 bills have unique ID numbers and are therefore not completely fungible). Gold is probably a closer example of true fungibility, where any 1 oz. of gold of the same grade is worth the same as another 1 oz. of gold. Monero is fungible due to the nature of the currency which provides no way to link transactions together nor trace the history of any particular XMR. 1 XMR is functionally identical to any other 1 XMR. Fungibility is an advantage Monero has over Bitcoin and almost every other cryptocurrency, due to the privacy inherent in the Monero blockchain and the permanently traceable nature of the Bitcoin blockchain. With Bitcoin, any BTC can be tracked by anyone back to its creation coinbase transaction. Therefore, if a coin has been used for an illegal purpose in the past, this history will be contained in the blockchain in perpetuity.
A great example of Bitcoin's lack of fungibility was reposted by u/ViolentlyPeaceful:
"Imagine you sell cupcakes and receive Bitcoin as payment. It turns out that someone who owned that Bitcoin before you was involved in criminal activity. Now you are worried that you have become a suspect in a criminal case, because the movement of funds to you is a matter of public record. You are also worried that certain Bitcoins that you thought you owned will be considered ‘tainted’ and that others will refuse to accept them as payment."
This lack of fungibility means that certain businesses will be obligated to avoid accepting BTC that have been previously used for purposes which are illegal, or simply run afoul of their Terms of Service. Currently some large Bitcoin companies are blocking, suspending, or closing accounts that have received Bitcoin used in online gambling or other purposes deemed unsavory by said companies. Monero has been built specifically to address the problem of traceability and non-fungibility inherent in other cryptocurrencies. By having completely private transactions Monero is truly fungible and there can be no blacklisting of certain XMR, while at the same time providing all the benefits of a secure, decentralized, permanent blockchain.
The world is moving cashless. Fact. The ramifications of this are enormous as we move into a cashless world in which transactions will be tracked and there is a potential for data to be used by third parties for adverse purposes. While most new cryptocurrency investors speculate upon vaporware ICO tokens in the hope of generating wealth, Monero provides salvation for those in which financial privacy is paramount. Too often people equate Monero's features with criminal endeavors. Privacy is not a crime, and is necessary for good money. Transparency in Monero is possible OFF-CHAIN, which offers greater transparency and flexibility. For example, a Monero user may share their Private View Key with their accountant for tax purposes.
Monero aims to be adopted by more than just those with nefarious use cases. For example, if you lived in an oppressive religious regime and wanted to buy a certain item, using Monero would allow you to exchange value privately and across borders if needed. Another example is that if everybody can see how much cryptocurrency you have in your wallet, then a certain service might decide to charge you more, and bad actors could even use knowledge of your wallet balance to target you for extortion purposes. For example, a Russian cryptocurrency blogger was recently beaten and robbed of $425k. This is why FUNGIBILITY IS ESSENTIAL. To summarise this in a nutshell:
"A lack of fungibility means that when sending or receiving funds, if the other person personally knows you during a transaction, or can get any sort of information on you, or if you provide a residential address for shipping etc. – you could quite potentially have them use this against you for personal gain"
For those that wish to seek more information about why Monero is a superior form of money, read The Merits of Monero: Why Monero Vs Bitcoin over on the Monero.how website.
Monero's Humble Origins
Something that still rings true today despite the great influx of money into cryptocurrencies was outlined in Nick Tomaino's early 2016 opinion piece. The author claimed that "one of the most interesting aspects of Monero is that the project has gained traction without a crowd sale pre-launch, without VC funding and any company or well-known investors and without a pre-mine. Like Bitcoin in the early days, Monero has been a purely grassroots movement that was bootstrapped by the creator and adopted organically without any institutional buy-in. The creator and most of the core developers serve the community pseudonymously and the project was launched on a message board (similar to the way Bitcoin was launched on an email newsletter)."
The Organic Growth of the Monero Community
The Monero community over at monero is exponentially growing. You can view the Monero reddit metrics here and see that the Monero subreddit currently gains more than 10,000 (yes, ten thousand!) new subscribers every 10 days! Compare this to most of the other coins out there, and it proves to be one of the only projects with real organic growth. In addition to this, the community subreddits are specifically divided to ensure the main subreddit remains unbiased, tech focused, with no shilling or hype. All trading talk is designated to xmrtrader, and all memes at moonero.
Forum Funding System
While most contributors have gratefully volunteered their time to the project, Monero also has a Forum Funding System in which money is donated by community members to ensure it attracts and retains the brightest minds and most skilled developers. Unlike ICOs and other cryptocurrencies, Monero never had a premine, and does not have a developer tax. If ANYONE requires funding for a Monero related project, then they can simply request funding from the community, and if the community sees it as beneficial, they will donate. Types of projects range from Monero funding for local meet ups, to paying developers for their work.
Monero For Goods, Services, and Market Places
There is a growing number of online goods and services that you can now pay for with Monero. Globee is a service that allows online merchants to accept payments through credit cards and a host of cryptocurrencies, while being settled in Bitcoin, Monero or fiat currency. Merchants can reach a wider variety of customers, while not needing to invest in additional hardware to run cryptocurrency wallets or accept the current instability of the cryptocurrency market. Globee uses all of the open source API's that BitPay does making integrations much easier!
Project Coral Reef is a service which allows you to shop and pay for popular music band products and services using Monero.
Linux, Veracrypt, and a whole array of VPNs now accept Monero.
There is a new Monero only marketplace called Annularis currently being developed which has been created for those who value financial privacy and economic freedom, and there are rumours Open Bazaar is likely to support Monero once Multisig is implemented.
In addition, Monero is also supported by The Living Room of Satoshi so you can pay bills or credit cards directly using Monero.
Monero can be found on a growing number of cryptocurrency exchange services such as Bittrex, Poloniex, Cryptopia, Shapeshift, Changelly, Bitfinex, Kraken, Bisq, Tux, and many others.
For those wishing to purchase Monero anonymously, there are services such as LocalMonero.co and Moneroforcash.com.
With XMR.TO you can pay Bitcoin addresses directly with Monero. There are no other fees than the miner ones. All user records are purged after 48 hours. XMR.TO has also been added as an embedded feature into the Monerujo android wallet.
Coinhive Browser-Based Mining
Unlike Bitcoin, Monero can be mined using CPUs and GPUs. Not only does this encourage decentralisation, it also opens the door to browser based mining. Enter side of stage, Coinhive browser-based mining. As described by Hon Lau on the Symnatec Blog Browser-based mining, as its name suggests, is a method of cryptocurrency mining that happens inside a browser and is implemented using Javascript. Coinhive is marketed as an alternative to browser ad revenue. The motivation behind this is simple: users pay for the content indirectly by coin mining when they visit the site and website owners don't have to bother users with sites laden with ads, trackers, and all the associated paraphern. This is great, provided that the websites are transparent with site visitors and notify users of the mining that will be taking place, or better still, offer users a way to opt in, although this hasn't always been the case thus far.
Skepticism Sunday
The main Monero subreddit has weekly Skepticism Sundays which was created with the purpose of installing "a culture of being scientific, skeptical, and rational". This is used to have open, critical discussions about monero as a technology, it's economics, and so on.

///Speculation///

Major Investors And Crypto Figureheads Are Interested
Ari Paul is the co-founder and CIO of BlockTower Capital. He was previously a portfolio manager for the University of Chicago's $8 billion endowment, and a derivatives market maker and proprietary trader for Susquehanna International Group. Paul was interviewed on CNBC on the 26th of December and when asked what was his favourite coin was, he stated "One that has real fundamental value besides from Bitcoin is Monero" and said it has "very strong engineering". In addition, when he was asked if that was the one used by criminals, he replied "Everything is used by criminals including the US dollar and the Euro". Paul later supported these claims on Twitter, recommending only Bitcoin and Monero as long-term investments.
There are reports that "Roger Ver, earlier known as 'Bitcoin Jesus' for his evangelical support of the Bitcoin during its early years, said his investment in Monero is 'substantial' and his biggest in any virtual currency since Bitcoin.
Charlie Lee, the creator of Litecoin, has publicly stated his appreciation of Monero. In a September 2017 tweet directed to Edward Snowden explaining why Monero is superior to Zcash, Charlie Lee tweeted:
All private transactions, More tested privacy tech, No tax on miners to pay investors, No high inflation... better investment.
John McAfee, arguably cryptocurrency's most controversial character at the moment, has publicly supported Monero numerous times over the last twelve months(before he started shilling ICOs), and has even claimed it will overtake Bitcoin.
Playboy instagram celebrity Dan Bilzerian is a Monero investor, with 15% of his portfolio made up of Monero.
Finally, while he may not be considered a major investor or figurehead, Erik Finman, a young early Bitcoin investor and multimillionaire, recently appeared in a CNBC Crypto video interview, explaining why he isn't entirely sold on Bitcoin anymore, and expresses his interest in Monero, stating:
"Monero is a really good one. Monero is an incredible currency, it's completely private."
There is a common belief that most of the money in cryptocurrency is still chasing the quick pump and dumps, however as the market matures, more money will flow into legitimate projects such as Monero. Monero's organic growth in price is evidence smart money is aware of Monero and gradually filtering in.
The Bitcoin Flaw
A relatively unknown blogger named CryptoIzzy posted three poignant pieces regarding Monero and its place in the world. The Bitcoin Flaw: Monero Rising provides an intellectual comparison of Monero to other cryptocurrencies, and Valuing Cryptocurrencies: An Approach outlines methods of valuing different coins.
CryptoIzzy's most recent blog published only yesterday titled Monero Valuation - Update and Refocus is a highly recommended read. It touches on why Monero is much more than just a coin for the Darknet Markets, and provides a calculated future price of Monero.
CryptoIzzy also published The Power of Money: A Case for Bitcoin, which is an exploration of our monetary system, and the impact decentralised cryptocurrencies such as Bitcoin and Monero will have on the world. In the epilogue the author also provides a positive and detailed future valuation based on empirical evidence. CryptoIzzy predicts Monero to easily progress well into the four figure range.
Monero Has a Relatively Small Marketcap
Recently we have witnessed many newcomers to cryptocurrency neglecting to take into account coins' marketcap and circulating supply, blindly throwing money at coins under $5 with inflated marketcaps and large circulating supplies, and then believing it's possible for them to reach $100 because someone posted about it on Facebook or Reddit.
Compared to other cryptocurrencies, Monero still has a low marketcap, which means there is great potential for the price to multiply. At the time of writing, according to CoinMarketCap, Monero's marketcap is only a little over $5 billion, with a circulating supply of 15.6 million Monero, at a price of $322 per coin.
For this reason, I would argue that this is evidence Monero is grossly undervalued. Just a few billion dollars of new money invested in Monero can cause significant price increases. Monero's marketcap only needs to increase to ~$16 billion and the price will triple to over $1000. If Monero's marketcap simply reached ~$35 billion (just over half of Ripple's $55 billion marketcap), Monero's price will increase 600% to over $2000 per coin.
Another way of looking at this is Monero's marketcap only requires ~$30 billion of new investor money to see the price per Monero reach $2000, while for Ethereum to reach $2000, Ethereum's marketcap requires a whopping ~$100 billion of new investor money.
Technical Analysis
There are numerous Monero technical analysts, however none more eerily on point than the crowd-pleasing Ero23. Ero23's charts and analysis can be found on Trading View. Ero23 gained notoriety for his long-term Bitcoin bull chart published in February, which is still in play today. Head over to his Trading View page to see his chart: Monero's dwindling supply. $10k in 2019 scenario, in which Ero23 predicts Monero to reach $10,000 in 2019. There is also this chart which appears to be freakishly accurate and is tracking along perfectly today.
Coinbase Rumours
Over the past 12 months there have been ongoing rumours that Monero will be one of the next cryptocurrencies to be added to Coinbase. In January 2017, Monero Core team member Riccardo 'Fluffypony' Spagni presented a talk at Coinbase HQ. In addition, in November 2017 GDAX announced the GDAX Digit Asset Framework outlining specific parameters cryptocurrencies must meet in order to be added to the exchange. There is speculation that when Monero has numerous mobile and hardware wallets available, and multisig is working, then it will be added. This would enable public accessibility to Monero to increase dramatically as Coinbase had in excess of 13 million users as of December, and is only going to grow as demand for cryptocurrencies increases. Many users argue that due to KYC/AML regulations, Coinbase will never be able to add Monero, however the Kraken exchange already operates in the US and has XMfiat pairs, so this is unlikely to be the reason Coinbase is yet to implement XMfiat trading.
Monero Is Not an ICO Scam
It is likely most of the ICOs which newcomers invest in, hoping to get rich quick, won't even be in the Top 100 cryptocurrencies next year. A large portion are most likely to be pumps and dumps, and we have already seen numerous instances of ICO exit scams. Once an ICO raises millions of dollars, the developers or CEO of the company have little incentive to bother rolling out their product or service when they can just cash out and leave. The majority of people who create a company to provide a service or product, do so in order to generate wealth. Unless these developers and CEOs are committed and believed in their product or service, it's likely that the funds raised during the ICO will far exceed any revenue generated from real world use cases.
Monero is a Working Currency, Today
Monero is a working currency, here today.
The majority of so called cryptocurrencies that exist today are not true currencies, and do not aim to be. They are a token of exchange. They are like a share in a start-up company hoping to use blockchain technology to succeed in business. A crypto-assest is a more accurate name for coins such as Ethereum, Neo, Cardano, Vechain, etc.
Monero isn't just a vaporware ICO token that promises to provide a blockchain service in the future. It is not a platform for apps. It is not a pump and dump coin.
Monero is the only coin with all the necessary properties to be called true money.
Monero is private internet money.
Some even describe Monero as an online Swiss Bank Account or Bitcoin 2.0, and it is here to continue on from Bitcoin's legacy.
Monero is alleviating the public from the grips of banks, and protests the monetary system forced upon us.
Monero only achieved this because it is the heart and soul, and blood, sweat, and tears of the contributors to this project. Monero supporters are passionate, and Monero has gotten to where it is today thanks to its contributors and users.

///Key Issues for Monero to Overcome///

Scalability
While Bulletproofs are soon to be implemented in order to improve Monero's transaction sizes and fees, scalability is an issue for Monero that is continuously being assessed by Monero's researchers and developers to find the most appropriate solution. Ricardo 'Fluffypony' Spagni recently appeared on CNBC's Crypto Trader, and when asked whether Monero is scalable as it stands today, Spagni stated that presently, Monero's on-chain scaling is horrible and transactions are larger than Bitcoin's (because of Monero's privacy features), so side-chain scaling may be more efficient. Spagni elaborated that the Monero team is, and will always be, looking for solutions to an array of different on-chain and off-chain scaling options, such as developing a Mimblewimble side-chain, exploring the possibility of Lightning Network so atomic swaps can be performed, and Tumblebit.
In a post on the Monero subreddit from roughly a month ago, monero moderator u/dEBRUYNE_1 supports Spagni's statements. dEBRUYNE_1 clarifies the issue of scalability:
"In Bitcoin, the main chain is constrained and fees are ludicrous. This results in users being pushed to second layer stuff (e.g. sidechains, lightning network). Users do not have optionality in Bitcoin. In Monero, the goal is to make the main-chain accessible to everyone by keeping fees reasonable. We want users to have optionality, i.e., let them choose whether they'd like to use the main chain or second layer stuff. We don't want to take that optionality away from them."
When the Spagni CNBC video was recently linked to the Monero subreddit, it was met with lengthy debate and discussion from both users and developers. u/ferretinjapan summarised the issue explaining:
"Monero has all the mechanisms it needs to find the balance between transaction load, and offsetting the costs of miner infrastructure/profits, while making sure the network is useful for users. But like the interviewer said, the question is directed at "right now", and Fluffys right to a certain extent, Monero's transactions are huge, and compromises in blockchain security will help facilitate less burdensome transactional activity in the future. But to compare Monero to Bitcoin's transaction sizes is somewhat silly as Bitcoin is nowhere near as useful as monero, and utility will facilitate infrastructure building that may eventually utterly dwarf Bitcoin. And to equate scaling based on a node being run on a desktop being the only option for what classifies as "scalable" is also an incredibly narrow interpretation of the network being able to scale, or not. Given the extremely narrow definition of scaling people love to (incorrectly) use, I consider that a pretty crap question to put to Fluffy in the first place, but... ¯_(ツ)_/¯"
u/xmrusher also contributed to the discussion, comparing Bitcoin to Monero using this analogous description:
"While John is much heavier than Henry, he's still able to run faster, because, unlike Henry, he didn't chop off his own legs just so the local wheelchair manufacturer can make money. While Morono has much larger transactions then Bitcoin, it still scales better, because, unlike Bitcoin, it hasn't limited itself to a cripplingly tiny blocksize just to allow Blockstream to make money."
Setting up a wallet can still be time consuming
It's time consuming and can be somewhat difficult for new cryptocurrency users to set up their own wallet using the GUI wallet or the Command Line Wallet. In order to strengthen and further decentralize the Monero network, users are encouraged to run a full node for their wallet, however this can be an issue because it can take up to 24-48 hours for some users depending on their hard-drive and internet speeds. To mitigate this issue, users can run a remote node, meaning they can remotely connect their wallet to another node in order to perform transactions, and in the meantime continue to sync the daemon so in the future they can then use their own node.
For users that do run into wallet setup issues, or any other problems for that matter, there is an extremely helpful troubleshooting thread on the Monero subreddit which can be found here. And not only that, unlike some other cryptocurrency subreddits, if you ask a question, there is always a friendly community member who will happily assist you. Monero.how is a fantastic resource too!
Despite still being difficult to use, the user-base and price may increase dramatically once it is easier to use. In addition, others believe that when hardware wallets are available more users will shift to Monero.

///Conclusion///

I actually still feel a little shameful for promoting Monero here, but feel a sense of duty to do so.
Monero is transitioning into an unstoppable altruistic beast. This year offers the implementation of many great developments, accompanied by the likelihood of a dramatic increase in price.
I request you discuss this post, point out any errors I have made, or any information I may have neglected to include. Also, if you believe in the Monero project, I encourage you to join your local Facebook or Reddit cryptocurrency group and spread the word of Monero. You could even link this post there to bring awareness to new cryptocurrency users and investors.
I will leave you with an old on-going joke within the Monero community - Don't buy Monero - unless you have a use case for it of course :-) Just think to yourself though - Do I have a use case for Monero in our unpredictable Huxleyan society? Hint: The answer is ?
Edit: Added in the Tail Emission section, and noted Dan Bilzerian as a Monero investor. Also added information regarding the XMR.TO payment service. Added info about hardfork
submitted by johnfoss69 to CryptoCurrency [link] [comments]

I got scammed, Be Careful.

Apologies In advance for the long post just wanted to give all the details. Be Careful.
A few weeks ago I made a post in this subreddit looking to buy a Matebook X Pro. I am in need of a new laptop do to my old Samsung laptop being around 7 years old now and literally falling apart. The Matebook was the best option possible and I did loads of research and checked this subreddit religiously for all the information about it and decided it was 100% the laptop I wanted. So after making the post a few different people were messaging me offering to sell theirs. The Huawei ban was just announced so the prices I was being offered the laptops for was a great price in my opinion ranging from 700-800 euros. I then received a message from someone named Jake Harrington saying that he just bought the Matebook for his wife a month previous and she wasn't a fan of it so he was selling it. He said he bought it off Amazon UK (it was the i7 8gb 512ssd model) and that he used some gift cards so he got it for a pretty good price and was offering to sell it to me for 650 GBP. I thought this was an amazing price and but of course I was skeptical because it seemed too good. I of course asked for pictures of it which he sent me over various pictures. I also asked to see a video of him turning the laptop on from it being powered off, which he gladly sent to me. So at this point I thought it was legit because he sent me the exact thing i asked for which meant he must of had the laptop. Then I negotiated like I always do (i'm super cheap lol) and eventually I got him down to 625 GBP which is 715 Euro with the fees and shipping included. He wanted to do a bank transfer which I'm sure is secure in the UK but since I live in Ireland it would be international and I thought I wouldn't have any security and he could just not send the laptop. I called my bank and they said that I was correct that I would have no protection in doing a bank transfer and couldn't really over a solid solution. I'm not a huge fan of paypal do to a few past issues and he said he wasn't either. I wanted to use Escrow.com since I just used it to sell one of my eCommerce businesses and it worked like a charm and was super secure. He said he's never heard of it and didn't want to research it and have to set up an account since he was really busy with work. So he suggested Transferwise. I've never heard of it before so I did some research. Found out it was made by Richard Branson and read some reviews about it being very secure and easy to use. So I set up an account and decided that I was willing to use it. Pretty much how it works was You can transfer money from your debit/credit card to bank accounts. So he sent me on his Account Number, Sort Code, and Name and Email which was all you needed. I then sent the payment over (715 Euro with all fees and exchange rates) and it said it was complete in about 7 seconds. Then it said it could take about an hour to show up in the persons bank account. I was still talking to "Jake" on Whatsapp and he said he would let me know when it went through. A few hours passed and it was getting late so I thought he had went to bed and said I'd leave it until the morning to contact him. Then I woke up to a message he sent me saying that the payment didn't go through which was strange and then he said that he sent me the account number wrong and it had an extra number in it or something along those lines. So he sent me the new account number and said to call Transferwise to see what their policy was. I called an they said that it normally takes 1-2 days for the money to bounce back and that they would contact me as soon as it did and I could fix the account number. Then about 5 days went by with no email or message from them at all. So I called them back and gave them the transfer number and they said they haven't gotten anything back which was strange. And asked if I trusted the person I was buying from. I told them that I didn't know him and was just buying a laptop online and explained the whole situation to the person from Transferwise about the two different account numbers mistake. And she said that I would be able to do a IBAN conversion look up online because there could only be one account with the same sort code. So I did an IBAN conversion online and found out that the original account that I sent the money too was a real account and the "new" account number was not real. So I assumed he gave me the real details and then once the money went through gave me the wrong details so I would wait for the money to bounce back, which obviously it never would because it went into the right account which was the original one. Before I found out this information he told me he was going on a work trip to LA in the coming days for two weeks and I was hoping to get the situation sorted before then. Back to after me finding out I messaged him back telling him that I knew he had scammed me and was expecting no response. Then a couple days later on Reddit I got a response saying that this was 100% not the case and that he had called his bank and they had confirmed that he had received the payment but it did not deposit into his account for 24 hours because it was the first transaction on his account or something like that and that he was already at the airport and going to LA and he couldn't bank transfer me back the money because he had switched the sim on his phone to an American sim card and wouldn't be able to get the security text code to log in but he would be home in two weeks and I could wait or he would give me a refund in bitcoin. At this point I was on the fence about it because why would he even message me back if he scammed me and already had the money, also he was offering a refund which I eventually decided to take. I set up a bitcoin wallet on Coinbase and let him know and he said for me to send on the bitcoin address which I did. I then waited a few days with no response. Sent him a few more messages with no response. Sent emails,whatsapp's and Reddit messages all with no response. It's been close to 2 weeks with no response, almost a month since I sent the money and I've finally sadly admitted it's official, you've been scammed something that really sucks especially because you hear about it all the time but think it will never happen to yourself. I called Transferwise and asked them what I could do to try and get the money back they said that it was out of there hands and they could only give information to the police and recommended that I should contact the local police. I have printed out all of his information including Bank Account Number, IBAN, BIC, Sort Code, Email Address, Phone Number, Bank Location, Whatsapp Messages, Reddit Messages, and pretty much everything else I have on him. I will be going to my local Garda Station (police) tomorrow to give them all the details but am not super optimistic about what they will be able to do. Although I will be travelling to the UK next week to visit a friend, so I will 100% be reporting it to the police over there as well. Obviously I know my chances of getting my money back are pretty much slim to none. I wanted to make this post to let everyone in the community to know to watch out for a Jake Harrington which might not even be his real name. Anyone buying a laptop off of someone on this subreddit be careful and do your due diligence. Obviously not saying not to trust anyone, I'm sure there are plenty of legit people on this subreddit looking to sell their Matebook. But again be careful and get all the information first and use a secure payment processor that offers you protection as well. I know of course that this situation is my fault and I am blaming no one but myself. But Please like I said Be careful. Just last night a Video of the 2019 Matebook came up on my Youtube feed (super jealous btw Brad haha) and at first thought I was like ah screw that and it just was bad memories but then I snapped myself out of it, obviously it's not the laptops fault it is still imo the best laptop you can buy today for the price that it's at, and I hope to still buy one at some point in the future. I'll still be reading this subreddit religiously i'm sure to find out all new information. But with this last message I just want everyone to watch out if purchasing a laptop for a Jake Harrington that might not even be his real name but just watch out. I'm not sure I can put the rest of his information out there so I won't but please watch out and Be safe. If you've made it this far I appreciate you reading this and hope everyone has a good day and enjoy your Matebooks :)

𝐓𝐋;𝐃𝐑: I got scammed by someone named Jake Harrington from the UK paying through Transferwise On this Subreddit. Be Careful who you are buying from.
submitted by TeamLH44 to MatebookXPro [link] [comments]

Stay Far Away from Abra!

So I didn’t read any reviews of abra, so I blame myself, I just want to share my experience for everyone. So we all know the deposit 5 dollars, get 25 worth of bitcoin. So I made a charge and bought 50 dollars worth of bitcoin. Everything was fine. Traded it to another wallet, everything was fine. A week passes no emails, notifications nothing. So today I’m wondering about the promotion. So I emailed the support and got this as a response:
“Hello OP
Thanks for following up.
Unfortunately, we will be restricting your wallet, and you will not be able to transact via bank or AMEX credit card within your Abra wallet(s). Per industry standard and our internal security protocols, we do not provide additional information to any user in regards to why a wallet is restricted.
Please note, restricted wallets will not qualify for any Abra promotions or referral programs.
For privacy reasons, we cannot share any additional information with you in regards to any canceled transactions, wallet limitations, or why your wallet is restricted. As stated in our terms of service, we may make changes, replace, or discontinue (temporarily or permanently) our Services at any time. In this case, you may be prevented from accessing or using our Services.
We apologize for the inconvenience and appreciate your understanding. Ahmed”
Of course I was irritated and tried to ask what I did, I followed my part, and just wanna know why. They said they couldn’t tell, and the support rudely told me
“If you have any other questions regarding the alternative funding methods, please advise.
We will no longer be addressing why your wallet is restricted.
Thanks, Ahmed”.
Bunch of scam artists. Please avoid them, and use reputable companies like Coinbase. Thank you.
TL:DR; Abra support restricted my wallet when asked about the 25 dollar promotion. Proceeded to explain nothing and told me I’m not allowed to ask why I got restricted.
submitted by NeoxTLX to Bitcoin [link] [comments]

Subreddit Stats: Monero top posts from 2019-01-07 to 2020-01-05 20:57 PDT

Period: 363.37 days
Submissions Comments
Total 1000 32255
Rate (per day) 2.75 88.32
Unique Redditors 413 4359
Combined Score 87276 146123

Top Submitters' Top Submissions

  1. 11193 points, 116 submissions: dEBRUYNE_1
    1. 'Monero in many respects is closer to what Bitcoin was intended to be than Bitcoin itself' - binaryFate (245 points, 61 comments)
    2. "It was a huge misstep that Satoshi’s original design has weak privacy. It set in stone an expectation that digital assets must have worse privacy than cash. Didn’t have to be this way." - Udi Wertheimer ‏ (215 points, 61 comments)
    3. 'Privacy should not be optional (and that’s why we made it a default).' - Firefox (214 points, 24 comments)
    4. Monero receives 'not a security' rating (best possible rating) by Crypto Rating Council (joint council created by Coinbase, Kraken, Circle/Poloniex, Bittrex, Paxos/itBit, Cumberland, Genesis and Grayscale) (214 points, 30 comments)
    5. GUI v0.14.1.0 'Boron Butterfly' (with Ledger Nano X and Trezor Model T support) released! (213 points, 243 comments)
    6. 'Apple CEO Tim Cook says privacy isn't a feature that should be built into products after the fact' (212 points, 39 comments)
    7. "you’ve been asking... we finally delivered! $XMR is live in [Exodus] Eden version 19.2.2" (202 points, 68 comments)
    8. The Bitcoin.com Exchange has listed Monero (190 points, 73 comments)
    9. Preliminary information thread regarding the scheduled protocol upgrade of November 30 (183 points, 141 comments)
    10. GUI v0.15.0.1 'Carbon Chamaeleon' released! (177 points, 278 comments)
  2. 3214 points, 41 submissions: SamsungGalaxyPlayer
    1. Some generous donor(s) topped off ALL of the proposals in funding required! (193 points, 38 comments)
    2. Tentative Monero 0.15 Release Schedule (162 points, 51 comments)
    3. Monero: Monero Adds Blockchain Pruning and Improves Transaction Efficiency (143 points, 23 comments)
    4. Logs from the 2.5 hr dev meeting on Monero's PoW (124 points, 124 comments)
    5. New logo for the Monero Community Workgroup YouTube channel, courtesy of u/anhdres! (119 points, 19 comments)
    6. Announcing the "Beware of Bitcoin" campaign for Mastering Monero (117 points, 98 comments)
    7. Preliminary support for Monero on BTCPayServer has been merged! (116 points, 19 comments)
    8. OpenBazaar dev call tomorrow discussing proof of concept for Monero integration (111 points, 21 comments)
    9. "Linking Anonymous Transactions via Remote Side-Channel Attacks" - Now-Fixed Network Analysis Attacks on Monero and Zcash (102 points, 50 comments)
    10. Monero added to Exodus mobile (100 points, 33 comments)
  3. 3157 points, 32 submissions: OsrsNeedsF2P
    1. Alright everybody pack it up. US Attorney General says encryption creates a security risk; if your wallet requires a password to unlock, you're doing acts that are used by terrorists, and it's time to stop. (317 points, 56 comments)
    2. What a shame Monero isn't included ¯_(ツ)_/¯ (254 points, 47 comments)
    3. Linus Tovalds believes processor vendors are approaching the end of Moore's Law, and optimization of code is going to be needed to increase performance (245 points, 61 comments)
    4. Fluffypony Appreciation Thread (199 points, 62 comments)
    5. IRS wants to subpoena Google, Apple & Microsoft to see if users have downloaded cryptocurrency related applications (190 points, 96 comments)
    6. Soon ™ (151 points, 55 comments)
    7. Privacy matters: Bitpay donations to Hong Kong Free Press not going through (141 points, 20 comments)
    8. IBM, MIT and Elliptic release world’s largest labeled dataset of bitcoin transactions to help identify "Bad Actors" (119 points, 22 comments)
    9. Celebrating 10 years of Tails (114 points, 5 comments)
    10. Former CTO of Purism, the developers of the Librem 5 Linux mobile phone, notes the PR momentum they got with GNOME, Matrix, and Monero (96 points, 12 comments)
  4. 2106 points, 29 submissions: ErCiccione
    1. Church Of Monero: Enough is enough - How the leader of the Church tried to fool the community to make look like the Church is organizing the Monero Konferenco and even adding his own Monero address on the flyer (166 points, 268 comments)
    2. [URGENT]Call for translators! - We have two days to submit as many translations as possible for the next release of the GUI wallet! We need your help! (123 points, 46 comments)
    3. Monero translators, we need you to make one final sprint! The code freeze is imminent. (112 points, 15 comments)
    4. 2 new projects joined the Monero Ecosystem! MoneroBox, a plug-and-play, zero-configuration Monero full node and Monero-Javascript, Monero wallet and daemon JavaScript API (107 points, 12 comments)
    5. PSA: We've posted an announcement regarding the potentially compromised CLI binaries on getmonero.org (101 points, 47 comments)
    6. New language for Monerujo: Esperanto! Will be available in next release (97 points, 6 comments)
    7. Monero Python - A comprehensive Python module for handling Monero cryptocurrency, has officially joined the Monero Ecosystem Project! (94 points, 12 comments)
    8. Getmonero.org is now available in German! (89 points, 16 comments)
    9. Getmonero.org updated: New user friendly download page, Welcome video in Brazilian Portuguese, 5 new merchants accepting Monero and more (76 points, 12 comments)
    10. My last proposal as coordinator of the Localization Workgroup has ended. A recap, some updates, plans for the future of the internationalization of Monero and a huge thanks (73 points, 22 comments)
  5. 1257 points, 14 submissions: xmrhaelan
    1. A response to the Reuters article about Monero (183 points, 28 comments)
    2. CoinDesk research shows Monero is #4 by Reddit post volume community metrics. Kudos to you all! (172 points, 57 comments)
    3. A response to Coinbase regarding their criticism of Monero’s approach to PoW security (171 points, 91 comments)
    4. Graphic idea for Boron Butterfly release, courtesy of Monero Outreach (170 points, 36 comments)
    5. PSA: Seeking Volunteer Reviewers for PoW RandomX (104 points, 55 comments)
    6. PSA: Mine Monero to Support the Network (77 points, 80 comments)
    7. Looking for ways to help, volunteer, or contribute to the Monero community? Look no further! (70 points, 20 comments)
    8. SWOT Analysis of Monero [draft] (59 points, 35 comments)
    9. Monero Konferenco Press Release (55 points, 9 comments)
    10. A Simplified Guide to Monero Wallets, from Monero Outreach (40 points, 9 comments)
  6. 1220 points, 9 submissions: geonic_
    1. Monero is second only to Bitcoin in terms of number of commits for the past 4 years! (269 points, 59 comments)
    2. Joe Weisenthal (Bloomberg): Until true anonymity (or near anonymity) is developed into Bitcoin, it's still incomplete, and not delivering on its promise. Without anonymity, there's no censorship resistance, and no store of value. (173 points, 38 comments)
    3. Nick Szabo puts Monero on an equal footing with Bitcoin: “deeply safe Bitcoin & Monero” (170 points, 41 comments)
    4. Chainalysis: Bitcoin is the most popular cryptocurrency accepted on dark markets, followed by Monero. Dark web spending to reach $1B this year. (150 points, 39 comments)
    5. BTC maximalist QOTD: “If you send me bitcoin, I would prefer if you used coinjoin first. I would prefer to not know the history of your sats. Don't put that liability on me. Thanks.” (142 points, 45 comments)
    6. Peter Todd wishes Bitcoin had perpetual inflation -- 2140 is much closer than you think (101 points, 89 comments)
    7. nopara73, creator of Wasabi Wallet: "Compared to privacy coins Wasabi is just a temporary hack. I think without Confidential Transactions, as the transaction fees grow, privacy will be priced out of Bitcoin's main chain." (95 points, 48 comments)
    8. Scott Stornetta, inventor of the first blockchain: “When I first read the Bitcoin white paper I thought [...] there’s no privacy at all here! What you’ve got is a completely traceable record of what’s going on.” @12:00 (68 points, 17 comments)
    9. Let's discuss: is Monero a privacy tool (i.e. Tor, CoinJoin, etc.) or a secure layer one protocol (https)? how aligned is it with Bitcoin ideologically (consider current vs original Bitcoin ideology)? is Monero's blockchain a temporary solution? (52 points, 27 comments)
  7. 1186 points, 12 submissions: hyc_symas
    1. RandomX Audit Status (148 points, 29 comments)
    2. RandomX Status Update (134 points, 82 comments)
    3. RandomX Audit Status - Final (130 points, 54 comments)
    4. RandomX Audit Status (116 points, 9 comments)
    5. RandomX Audit Status (110 points, 24 comments)
    6. RandomX testnet (99 points, 23 comments)
    7. Blockchain Growth stats (87 points, 26 comments)
    8. RandomX Auditor Selection (86 points, 47 comments)
    9. CCS: RandomX Audit now in Funding Required (78 points, 45 comments)
    10. RandomX Audit Funding Request (76 points, 14 comments)
  8. 1171 points, 13 submissions: Thunderosa
    1. Blend in the Crowd with Carbon Chamaeleon v0.15.0.0 (161 points, 25 comments)
    2. @monero Twitter banner (141 points, 25 comments)
    3. A little Christmas card for my favorite freaks. Happy Holidays! (136 points, 4 comments)
    4. Boron Butterfly ASCII (117 points, 23 comments)
    5. Monero Torch (111 points, 73 comments)
    6. Konferenco funding! (105 points, 19 comments)
    7. supportxmr-gui Update - Twice the features, half the size. All vanilla. (98 points, 15 comments)
    8. Happy 5th (70 points, 16 comments)
    9. Explore the expert speakers and important topics of Monero Konferenco 2019! (57 points, 11 comments)
    10. RandomX - Monero and Arweave to Validate New Proof-of-Work Algorithm (52 points, 12 comments)
  9. 1129 points, 14 submissions: pinkphloid
    1. [NEWS] CAKE WALLET for Monero has crossed 20,000 unique installs on iOS. (123 points, 69 comments)
    2. [PUBLIC BETA] Cake Wallet for Monero is now available on Android! (104 points, 48 comments)
    3. Going to the Monero Konferenco? Don’t miss MoneroTalk’s party Saturday night Casa De Monero! It’s THE party of the weekend! (99 points, 13 comments)
    4. [UPDATE] Cake Wallet version 3.1.7, now with Address book, Back-up to iCloud and other locations, and BCH is back in the exchange! (92 points, 70 comments)
    5. [UPDATE] Cake Wallet version 3.1.17 with Hidden balance mode plus other new useful features! (90 points, 16 comments)
    6. Cake Wallet is hiring! (88 points, 14 comments)
    7. If you like using Cake Wallet, please vote! Thank you 🙏🏼🙏🏼 (87 points, 20 comments)
    8. NYC Monero meetup featuring guest speaker Justin Ehrenhofer of XMR Community Work Group. - by Cake Wallet and Monero Talk (82 points, 10 comments)
    9. [UPDATE] Cake Wallet - Version 3.1.20 Black Forest Cake Edition (73 points, 23 comments)
    10. Cake Wallet (small news) - we have acquired the domain cakewallet.com! (67 points, 16 comments)
  10. 1054 points, 13 submissions: jman76358
    1. Monero receives A rating (194 points, 43 comments)
    2. Exodus Wallet now supports Monero (128 points, 38 comments)
    3. I tell a lot of people about Monero who don't know anything about crypto and they instantly get it. They ask me the same thing over and over, so why do people still use Bitcoin? (127 points, 119 comments)
    4. How trustyworthy is the Cake wallet for iOS? (80 points, 43 comments)
    5. Why don't other coin devs like talking about fungibility? They seem to shrug it off even though it's a necessary component to being a currency. (77 points, 85 comments)
    6. Any idea what's going on with the Official Monero Twitter page? (67 points, 33 comments)
    7. Should Quantum Resistance research for XMR be started soon? I would love to see what the great minds of the dev community could come up with ! (64 points, 55 comments)
    8. The End of Mainstream Privacy is Upon Us (62 points, 28 comments)
    9. Non-KYC exchanges coming to an end, even for small amounts. DEX with Monero as main coin when? (57 points, 18 comments)
    10. I find it funny that people think the gov doesn’t want people to use bitcoin, trust me , they’re estatic that people want to voluntarily be tracked and surveilled. (55 points, 45 comments)

Top Commenters

  1. dEBRUYNE_1 (9070 points, 1572 comments)
  2. OsrsNeedsF2P (5373 points, 757 comments)
  3. hyc_symas (2954 points, 332 comments)
  4. gingeropolous (2345 points, 313 comments)
  5. SamsungGalaxyPlayer (1897 points, 271 comments)
  6. rbrunner7 (1844 points, 299 comments)
  7. spirtdica (1835 points, 544 comments)
  8. pebx (1596 points, 318 comments)
  9. SarangNoether (1244 points, 115 comments)
  10. Same_As_It_Ever_Was (1234 points, 248 comments)

Top Submissions

  1. VLC accepts XMR for donations. Owner has turned down millions to keep it open source and ad-free. by tempMonero123 (468 points, 34 comments)
  2. Monero’s New Mascot by deepdarksea (433 points, 33 comments)
  3. Monero fashion spotted in the wild by Peterb88 (406 points, 34 comments)
  4. Found this in Basel, Switzerland. Then bought 0.968745 with no ID. by _0_1 (395 points, 120 comments)
  5. Bye-bye ASIC's! :-) by TheFuzzStone (357 points, 167 comments)
  6. Art by me by nikitko13 (328 points, 58 comments)
  7. Analysis: More than 85% of the current Monero Hashrate is ASICs and each machine is doing 128 kh/s by MoneroCrusher (324 points, 427 comments)
  8. Hi guys, long time no see 😁 this is what I do when not painting. Tools are printed on 3D printer. by cryptopaintings (322 points, 47 comments)
  9. Alright everybody pack it up. US Attorney General says encryption creates a security risk; if your wallet requires a password to unlock, you're doing acts that are used by terrorists, and it's time to stop. by OsrsNeedsF2P (317 points, 56 comments)
  10. India's ban could be Monero's boon by whotookmycrypto (313 points, 60 comments)

Top Comments

  1. 175 points: MoneroTipsBot's comment in Soon ™
  2. 139 points: MoneroCrusher's comment in Analysis: More than 85% of the current Monero Hashrate is ASICs and each machine is doing 128 kh/s
  3. 132 points: jonaemahina's comment in Kidnappers demand Monero ransom for wife of one of the Richest men in Norway.
  4. 116 points: leonardochaia's comment in Monero's Fluffypony reveals why he stepped down
  5. 111 points: katiecharm's comment in Tax Ramifications of Buying Coffee with Cryptocurrency
  6. 102 points: AlexAnarcho's comment in Kidnappers demand Monero ransom for wife of one of the Richest men in Norway.
  7. 100 points: fluffyponyza's comment in Fluffypony Appreciation Thread
  8. 96 points: Same_As_It_Ever_Was's comment in [Moderation Announcement] Religion related posts are now considered off-topic and will be removed
  9. 94 points: Flenst's comment in Security Warning: CLI binaries available on getmonero.org may have been compromised at some point during the last 24h.
  10. 93 points: moneroh's comment in Name Monero 0.14!
Generated with BBoe's Subreddit Stats
submitted by subreddit_stats to subreddit_stats [link] [comments]

How to Get Your Coinbase Bitcoin Wallet Address - YouTube How to Setup a Bitcoin Wallet and Bitcoin Wallet Address Coinbase - How to Find your Bitcoin wallet address - YouTube Coinbase App Review - Coinbase Bitcoin Wallet - YouTube Coinbase wallet address and tutorial

Coinbase review and comparison. By: Steven Hay Last updated: 10/23/20 I’ve been a Coinbase user since 2013 and a lot can be said about the company, good and bad. In this review, I’ll try to give you the full rundown so you can evaluate for yourself if Coinbase is trustworthy or not. Coinbase does not support any sort of storage address importing at the moment, meaning that you cannot put the paper wallet’s address in the Coinbase, combining the volumes of BTCs you have in. That does not mean you cannot transfer BTC to your Coinbase balance, since you can use other online storages such as Electrum , Blockchain.info or MultiBit . Coinbase wallet supports the Bitcoin Segwit addresses. Besides, there are some advance features for developers where you can use different wallet address and switch between Mainnet and Testnet. Also read: Best hardware wallet to secure your bitcoin. Wrapping Up… Coinbase has one of the most effortless user onboarding and simplistic design ... COINBASE offers a very easy to use bitcoin storage platform for beginners. Supports 3 currencies. In this Coinbase review we compare and test the pros and cons, wallet platforms, supported coins, security, design and other important features of this wallet. Read and see if it is a good solution for your bitcoins? Login to your Coinbase account (Don’t have any account, click here to create one) Go to Settings → Bitcoin Addresses → + Create New Address (Address will be created on one single click) . Create New Bitcoin Wallet Address in Coinbase (Click to enlarge the image) So, you can find your wallet address in the Settings under Bitcoin Addresses tab, once you created any Bitcoin Wallet address ...

[index] [44680] [1392] [18229] [21226] [45543] [11654] [5386] [27033] [1804] [35617]

How to Get Your Coinbase Bitcoin Wallet Address - YouTube

http://coinrepublic.com/ This video explains how to log into and get your Bitcoin Wallet Address in the Coinbase online wallet system. https://coinbase.com/?... How To Find Bitcoin wallet Address Coinbase with Shinell Johnson My 24 Bitcoin Join My24 Hour Income: https://www.my24hourincome.com/ref/276 Create A Free Co... How to Get Your Coinbase Bitcoin Wallet Address - Duration: 2:45. ... Coinbase App Review - Coinbase Bitcoin Wallet - Duration: 7:04. Immersive Tech TV 94,985 views. 7:04. Former CIA Officer Will ... If you want to someone to send you money to your Bitcoin account, Give them this address. you may donate to our network via Bitcoin as well :) Bitcoin addres... I have some friends that are opening up Coinbase wallets. I wanted to give a little more info like how to find your wallet address and how to send and receive BTC.

#