PiTrezor : A DIY bitcoin hardware wallet based on trezor

Ether / Ethereum Trader Nederland

Nederlandse / Belgische reddit over Ethereum, Ether (tokens) & blockchain technologie + handel. Discussie over blockchain en Cryptocurrency is van harte welkom! Tags: Nederland België NL crypto valuta handel ether bitcoin altcoin dutch belgian currency trading tokens ico coin trader valuta beurs economie exchange iot munt munten btc eth neo wtc ripple dash iota binance walton monero stratis gulden coin technologie tech netherlands amsterdam mining rtlz chain bitcoinnl finance financiën nieuws
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CryptoSobStories - You could be a millionaire by now

You bought a Pizza for 10,000 BTC? You lost big in a collapsed exchange? You sold a shitcoin with loss to see how it exploded the next day? You missed 1000+1 occasions? You sold your retirement money for the biggest cryptoscam in history? You are not alone! Share your story and find relief from your fellow cryptosobbers! Found stories are also fine.
[link]

ethtraderpro

Intermediate-to-advanced-level discussion of buying, selling and hodling Ether, ERC20 tokens, and other cryptocurrencies.
[link]

A Beginner's Guide to Cryptocurrency Wallets

A cryptocurrency wallet is basically a software that enables you to track, send and receive coins through the blockchain like a bank account. Every wallet has a public key and a private key, but we'll get back to this later. But first...

Why do you need a wallet?

There's an old saying in Tennessee that says: "Not your keys, not your coins." What it actually means is that if you keep your cryptocurrencies on an exchange (such as Coinbase, Binance or Kraken), you don't actually own those coins, because you don't have the keys to the related wallet. You gain access to those wallets by logging into these exchanges, but your account can - theoretically - be deleted in the blink of an eye, or the exchange can get hacked, attacked, etc. And with it, your funds can disappear forever. If you want to learn more about this, make sure to look up Mt. Gox's hacking. It is an unfortunate event, but one that puts you on guard.
So you already know that you need to own your keys in order to own your coins. But what are these keys?
Your public key is what identifies your account on the network. Think of it as your email address, because when someone wants to send you cryptocurrency, they will send it to this address.
Your private key is a string of 64 characters that can be generated from a 12-word seed phrase. It basically serves as the password of your account. It is used to sign transactions and to prove that you own the related public key.
See, it's not that complicated, is it?

About wallet types

There are 4 types of wallets that you should be using. Ideally, you can pick the one that fits your crypto habits the most. You should avoid using Web wallets. As always, if you can, please pick the safest wallet type in order to minimize the risk of losing your cryptos.
Hardware / Offline / Cold Wallet - an offline storage device (e.g. hard disk, USB stick). You might've heard the names Ledger or Trezor, these are the 2 biggest brands at the moment. The ledger supports over 1200 cryptocurrencies, while Trezor supports over a thousand. It is also the most secure way to store your cryptocurrencies.
Mobile Wallet - applications that are installable on your mobile phone. Beware that even though an app can hold crypto, it doesn't mean it is NOT custodial. (e.g. Coinbase has a mobile app, but it is custodial, meaning that they control your coins.) Exodus or Atomic mobile apps are recommended if you decide to create a mobile wallet.
Desktop Wallet - wallets that are installable on different desktops and are compatible with Windows, Mac, and Linux. Your keys are stored on your computer, and you can use this wallet even when you're offline. Note: Desktop wallets tend to be more advanced than mobile wallets, and usually come with more technically complicated features that can increase privacy or allow for more flexibility when it comes to signing transactions.
Paper wallet - a paper wallet is essentially a piece of paper including your public and private key, or a QR code (so that you can quickly scan them and add the keys to a software wallet to make a transaction). It's a really safe way to store your cryptos because your keys are not connected to any servers. The only way someone can steal your cryptos is if they steal this paper.

The Best Hardware Wallets

Ledger Nano (S and X) - The most popular hardware wallet brand in the world, currently sells 2 different sticks. The S is the cheaper alternative, but if you handle transactions between multiple cryptocurrencies frequently, the larger storage of the Nano X should be more convenient. The Nano X also has Bluetooth 5.0 support. You can read more about Ledgers on their website.
Beware that Ledger was targeted by a cyberattack that led to a data breach in July 2020. A larger subset of detailed information has been leaked, approximately 272,000 detailed information such as postal address, last name, first name, and telephone number of our customers. However, not a single coin was stolen as hackers didn't gain access to private keys. Please keep this in mind when making your decision.
Trezor (One and Model T) - Trezor is the other popular hardware wallet brand. The Trezor One is the cheaper alternative ($59), while the Model T is more expensive but comes with extended functionality and additionally supports cryptocurrencies such as ADA, XMR, XTZ, etc.
Despite the security of hardware devices themselves, the weakest link is always the people using them. If possible, avoid buying used hardware wallets, even though both Trezor and Ledger have security measures to avoid the attempt of installing malwares.

The Best Desktop Wallets

Exodus - a very user-friendly and easy to understand, reliable wallet. As of now, it is probably the most popular desktop wallet. Available on Windows, Mac and Linux as well.
Atomic - it is also a user-friendly and reliable wallet. Atomic supports 500+ assets and allows staking various cryptocurrencies. Available on Windows, Mac and Linux.
Of course, there are several other reliable desktop wallets, but these two proved to be the most user-friendly and easy to use wallets so far. As always, please DYOR!
If you decide to go with a mobile wallet (instead of a paper, hardware, or a desktop wallet), Exodus or Atomic are both available on iOS and Android. Please avoid installing 10+ crypto wallet applications on your phone, because you'll make it impossible to keep track of your keys and passwords eventually.
Last piece of advice: always be cautious and double-check everything. Keep your devices malware-free, and don't click on anything suspicious (such as emails from "Binnance", crazy bonus links from "Coimbase", etc.)
If you have any questions, feel free to let us know!
submitted by Weaver96 to CryptoCurrency [link] [comments]

Getting started: How to do good research and what I wish I knew

With the recent rise of new investors, the number of “How to do research”, “how to find alts”, “Which coins should I buy”, "how to get started" posts drastically increased. So, I’ve decided to write a post to help newcomers. This post will help you learn how to do what is IN MY OPINION proper research and answer some of your questions. This post will NOT be explaining the fundamentals and technicalities of cryptocurrency. I will also not list (except for some exceptions) any articles/youtubers/podcasts. But I do appreciate community recommendations in the comments.
This post consists of two parts. In first part I try to explain how to make good research and what to avoid. In second part I will go through things I wish I knew when I started.
I am a “veteran” investor who has been in this space for more than 4 years now. I am also a software engineer with little experience in Blockchain. Everything I wrote is based on my experience. This means the article might be biased and some concepts and thoughts might be wrong. In no way am I saying this is objectively the best/only way to do it.
This is not financial advice.

RESEARCH

Why having realistic expectations is important ?
Have realistic expectations. Odds are you wont become a millionaire. Heck, even cashing out 10x profit is hard.
The more unrealistic your goals are the more you worry about your investments, FOMO and FUD. I've seen way too many people panic sell when the coin they hold drops 10%. Many investors are expecting insane gains and the second their coin loses momentum (even if its only for a day) people panic and start comparing themselves to others that are in profit and start desperately looking for new coins to make money from. This is good way to lose money. Sell when coin drops 10% FOMO into an already pumped coin and repeat the process. Do not do that!
Try to be as reasonable as possible. Do things seem too good to be true? Why isnt every second crypto investor rich if day trading and buying hyped coins and selling for profits seems so easy?
Path to good understanding of the space.
Before you start investing I'd recommend you learn about the basics. You SHOULD understand how blockchain and cryptocurrency work if you want to be a successful investor (It makes little sense to invest into something knowing nothing about it and will only build bad habits which can lose you all your money down the line). There are a ton of great resources on the internet. I'd avoid crypto influencers and focus on videos that visually explain the fundamentals and basics (3blue1brown has an amazing video).
Start with learning what blockchain is. After that I’d learn about cryptocurrency in general. Only then would I move to Bitcoin. Try to understand why people believe this is the future and why so many people are interested in cryptocurrency. It should be easy to find videos explaining why this is the case, but the hard part is coming to this conclusion by yourself. It is worth saying that understanding and considering counter arguments helps with research and might make you even more confident with your investment.
After you have general knowledge and understand the fundamentals you should move onto Ethereum.
And only after you understand previously mentioned things should you start researching Alt coins.
I’m strong believer that you cant completely understand Altcoins and whether or not what they’re doing is even possible if you do not know how cryptocurrency and blockchain work.
You need to understand that every altcoin is trying to solve a specific project in a specific field. So while researching alts you really do need to research that field as well. For example you should research IoT while researching projects trying to change that field (like IOTA).
How much research do I need? The more, the better. You can do with only a couple of videos on every topic, but the more you learn and the more you understand, the better. Great number of investors don’t do anywhere near this amount of research and are still doing well. If you don’t want to spend months doing research you don’t have to and you’ll probably still make decent money (at least during bullmarket).
As you can see there is endless research to be done for every single alt. I know it sounds absurd and like a waste of time, but you do need to understand that good research can lead to financial freedom. Most of investors don’t do any research so you'll quickly be better off than majority.
It is important to add, that doing research does not guarantee good results. It is pretty common for good projects to never get into the spotlight while some trend chasing projects take all the hype. But I do believe doing good research is the most consistent.
Some very good resources (often suggested in this sub): How To DeFi book that can be purchased or obtained by using the site on CoinGecko. Another “must read” resource is MIT course.
A good reference on what (IMO) good altcoin research looks like; this. Note: I am in no way saying I suggest the coin in the video. I just think the way he does research is good to follow.
Crypto influencers.
There is not much you can do about influencers. They are here to make money. They are NOT here to teach you how to make money, because that would result in them losing on gains and possibly gaining competition.
There might be some influencers that genuinely want you to succeed (Benjamin Cowen and Coin Bureau are often suggested in this sub), but MOST DONT. As easy as being spoon-fed information is, its not worth it and it may lead to bad results (if not now, after the bullrun).
I strongly suggest AGAINST following "Crypto influencers", especially on youtube. HOWEVER, this does NOT mean you shouldn’t be using youtube as a mean of research. There are a lot of UNBIASED videos explaining crypto and blockchain (3blue1brown has an excellent video).
I’d also like to add that Youtubers are people just like you. They might know way less than you and I do. Would you take advice from somebody like this? Having 100k or more subs does not mean they understand how cryptocurrency works. ANYBODY can become crypto youtuber.
Articles and forums
I’ll keep this simple. Like with crypto influencers, articles and forums are usually very biased. People are generally doing what’s good for them. Keep this in mind when reading discussions and articles.
Scams
In terms of numbers, there are a ton of scams. In fact, most projects are a “scam”. There are more than 10k projects listed on CoinGecko and this number does not even include projects that never get listed. Based on 4chan and some telegram groups more than 5-10 rug pulls happen on a daily basis.
There are a ton of projects that aren’t really scams but get very close. There are a TON of trend chasing, cash grab projects. It’s pretty easy to find them. Just go on their website, scroll down to their roadmap and if the project started in the last 6 months the odds are it is a trend chasing project. Most of the legit projects are in development for years before they even launch a token. Of course there are legit projects that might be HUGE in the future that are just getting started, however based on the number of new projects odds of you finding a project like this are relatively slim.
There are a ton of clones out there. Its very easy to fork github repo, change 10% of the code and launch a project within a week. One of bigger problems today is lack of Blockchain developers (this might have changed in the recent months). There are relatively few blockchain devs in SE space and most of them are probably employed at bigger, reputable projects. So how come there are 100 new projects coming daily? Its pretty simple. A ton of them are just clones of other projects that will likely not do much else than launch a token. Even if they wanted to, it is extremely hard for unexperienced devs to do so. If the history is to repeat itself a lot of trend chasing projects will end up without a product, or with suboptimal product that’s lacking most of the promised features.
But this definitely does NOT mean trend chasing projects are worthless. Like we’ve seen biggest gains come from projects like this and people are getting rich by flipping new projects. It is very risky though and probably not the best longterm investment.

WHAT I WISH I KNEW

General thoughts to keep on top of your mind.
Two sides of HODL.
It is often suggested to HODL instead of day trading. I personally believe trading is dangerous and should be avoided, unless one knows what he’s doing. I learned the hard way that holding is generally better than jumping ship. My most common mistake was FOMOing into the trendy coin at the top and then selling after it drops. The worst part is seeing that coin double the price a week or two later.
Does this mean buying an asset and holding is better? Generally, yes. At least during the bullmarket. However, it is VERY IMPORTANT to keep in mind what happened to many tokens that were popular during the last bullmarket. Most of them are down by AT LEAST 80%. This means that everybody who bought around the top and held onto them is down at least 80%. There are some projects that are up massively, but that’s the minority.
Is this time different? Nobody knows. But it does not hurt to be careful.
Should I wait for a drop to invest?
It is extremely hard to time the market. It usually has more to do with luck than anything else. I suggest you simply DCA as often as you can. DCA or Dollar-cost averaging is the process of investing the same amount of money in a particular asset over consistent intervals of time. You do miss on potential gains of timing the dip perfectly however you also avoid buying the top. It is the safest and most consistent way of investing.
Will bullmarket ever end?
Short answer: Yes.
Long answer: Markets are cyclic. There are four phases of a market cycle. Accumulation phase, Mark-up phase, Distribution phase and Mark-down phase. Mark-Down Phase (in other words bearmarket) is the fourth and final phase in the cycle. During this phase the market falls and many are left with positions bellow their entry point. This phase also marks the beginning of the next accumulation phase. A cycle can last anywhere from a few weeks to a number of years (like we've experienced before).
What will the bearmarket look like? Its anybodies guess. I personally am hoping for a shorter, less significant bearmarket.
For more information I suggest reading through this article.
Make mistakes.
That is the best way to learn. At least for me. I saw countless posts on how not to get scammed, etc. I thought I knew what I was doing. However, following one’s advice is a lot harder than it seems. Especially during the bullmarket.
Do I really need a wallet?
“Not your keys, not your money”. It is often suggested to move your assets from an exchange to your private wallet. This way you are safe from potential exchange hacks. You are in complete control of your money and are essentially your own bank.
However, the answer is not as straight forward as it seems. Owning a wallet is not as easy as it seems. Especially if you do not know what you are doing. There are countless posts of people losing seed, getting hacked/scammed, sending assets to wrong address, using the wrong network, … You get the point. You make a mistake, there is a chance you lose your money. There is nothing wrong with keeping your money on exchanges. Big exchanges like Coinbase, Binance, Kucoin, etc. are safe bets and even in the case of a hack you’ll likely get your funds back.
A hardware wallet is a cryptocurrency wallet which stores the user's private keys in a secure hardware device. The most popular ones are Ledger and Trezor. Hardware wallets are way more secure than software wallets. Even if your computer gets hacked or your wallet is stolen, the thief will be unable to transfer your coins without knowing your passphrase. If you are holding large sums of money it is generally suggested to get a hardware wallet.
Good resource to get started as a developer?
If you’re a developer and want to learn the fundamentals by build your own blockchain I strongly suggest you read this: http://lhartikk.github.io/

Thank you so much for reading through the post. Please let me know if I missed anything or got something wrong, so I can change it. I appreciate your feedback. I might consider adding topics like redflags and basics (marketcap vs price, etc.) but I feel like there are enough posts already that tackle these problems. I'd like to apologize for grammatical errors. English is not my first language and expressing some thoughts proved way harder than I first thought. I'm sorry if some thoughts end up being misleading.
And to every new investor. Welcome and Good Luck!
Edit: I reposted this with a better title. Added some content (hardware wallets, market cycles).
submitted by shineyumbreon to CryptoCurrency [link] [comments]

Getting Started Guide: ECOMI version (for all new members and newbies)

Getting Started Guide: ECOMI version (for all new members and newbies)
https://preview.redd.it/e9lme50139o61.jpg?width=800&format=pjpg&auto=webp&s=3c5f831ed5c52de3ca891c0f253c2aba2f28b6d9

Welcome

Welcome to the ECOMI community! If you're new to OMI, VeVe App and ECOMI in general, you're in the right place!

DYOR


ECOMIs Social Channels


BUYING OMI


STORING OMI

Medium: Where can I store my omi tokens
Follow the link for further instructions to each wallet.
*Stacking of OMI might be possible in the future.

  • ECOMI Secure Wallet
  • Trust Wallet
  • GoChain Web Wallet
  • Ledger
  • MetaMask
  • Trezor
*GoChain Tokens are needed for transactions from your wallet to another adress. 1GO is enough for over 100 and more transactions. You can find it on the following exchanges:
Binance, Upbit, Bilaxy, Kucoin, DragonEX, Bittrex, CoinDCX, Beaxy
\List based on Coinmarketcap info.*

________________________________________________________________________________________________________

Licenses

https://preview.redd.it/ac2m7c0339o61.jpg?width=1200&format=pjpg&auto=webp&s=d775089d154c727e4a3893d733792f26615dec56
  • tokidoki, CBS, Cartoon Network, Star Trek, Adventure Time, Powerpuff Girls, etc.
https://preview.redd.it/s7gi4cw339o61.png?width=2012&format=png&auto=webp&s=9de759b194c74aa5116223510a8ac3e6e884049e
  • Warn Bros, DC Collectibles, Capcom, StreetFighter, Monster Hunter and more

Head of Licensing
Alfred Kahn
"Alfred is personally responsible for more than $25 billion in retail revenue, and as founder and CEO of 4Kids Entertainment is responsible for licensing some of the worlds biggest and most established brands, including:
  • Pokémon
  • Yu-Gi-Oh
  • Teenage Mutant Ninja Turtles
  • Polly Pockets
  • Cabbage Patch Kids
“During the course of his three-decade career in licensing, Al has stood out as a pioneer in identifying trends in popular culture and adapting them to a global audience. His unique insight has translated into much success, not just for his company, but the licensing industry as a whole.” — Charles Riotto, President of LIMA, 2005"
Medium

Thanks a lot for the help, samcarval!
submitted by Makks131 to ecomi [link] [comments]

Getting Started Guide - A newbies guide to Cardano and the Cardano subreddit

Getting Started Guide - A newbies guide to Cardano and the Cardano subreddit

Welcome!

A warm welcome from the Cardano community. If you're new to crypto or Cardano, you're in the right place!
This post will kick start your learning and help you become an informed community member. Please do no post until you have familiarised yourself with the information provided here. It's highly likely your question is already answered here if you're new.
We expect you to be able to help yourself and others by referring to the information here and using the sub's search - please do not expect to be spoon fed basic information!
This post will help you understand:
  • how to stay safe from scams
  • how to use this subreddit and help yourself - which in turn with help keep the quality of posts to a high standard
  • understand the subreddit rules
  • learn where to buy ADA
  • learn how to store and stake your ada, which wallet to use etc
  • learn how to select a stake pool, understand fees and rewards

Subreddit Purpose

The purpose of this post is to inform you about the Cardano project and tips on how to stay safe within the Cardano ecosystem. We want to make sure that every member of our community is up to date regarding Cardano news and updates and receive the best education about their online (crypto) security and safety. We hope that you find the following information useful to get you started and that everyone in our community enjoys their time here.
Please help us make the community a great place for discussion by always working to improve the discussion in some way, however small. Please read the community code of conduct.

Searching the Sub for Answers

Before you make a post, be sure to get in the habit of searching previous posts first.
To search the subreddit, observe the reddit search bar at the top of the page:

The reddit search bar

Enter your search query, in this case 'staking'. Once you've made the search, you'll see the option to 'show results from Cardano', make sure you click this button (outlined in red below):

Be sure to click the 'show results from Cardano' button
On mobile, searching the subreddit you're browsing should happen automatically!

Complementary Cardano Subs

Cardano is our main subreddit, but we also have several complementary and community run subreddits in order to help maintain flow of information and adhere to the subreddit rules (outlined later in this guide):
Cardano_ELI5 The 'explain like I'm five' subreddit is for newbie questions (how to buy, how staking works, fees etc). Posts explain in detain and in laymans terms the various Cardano and blockchain related topics. Please make sure you read the guidelines on this sub, as it has a very particular format.
CardanoDevelopers Everything Cardano developer related. If you're planning on building in the ecosystem, you'll want to join this sub.
CardanoStakePools Here you can also learn all about running a pool and get more insight into the pools in the ecosystem. Stakepool advertisement is not allowed on the main sub, so if your an stake pool operator, you'll want to market your pool on the stake pools subreddit.
CardanoTrading + CardanoMarkets We only allow market discussion in our daily thread on the main sub. If you're more interested in price discussion, the trading subreddits are a better alternative.
ada_meme We don't allow low value content like memes on this sub, instead visit this one.


This guide is split up into sections, each section is paired with a comment command (explained below). Please make use of these commands on the subreddit as an aid to help and inform yourself and others.

Comment Commands

Comment command: ?help
Typing one of the following commands in a comment will have the auto-moderator provide information on the relevant topic:

Command Topic
?help,?commands Shows this menu
?start, ?newbie, ?newb Refers to the getting started post.
?social Reference to the Cardano social channels
?dyor,?learn A list of resources to learn about Cardano
?buy,?exchanges Where and how to buy ADA
?wallets Where and how to store ADA
?staking Staking information
?pools,?stakepools Resources to compare stake pools
?fees,?poolfees Deposit and pool fee information
?rewards,?earn Information on earning ADA
?scams Scam and safety information
?support Technical support
?devs Some developer resources
?rules An overview of the sub's rules
?rule# (where '#' = 1-7) Detailed description of a particular rule

Do Your Own Research

Comment command: ?dyor
Here are some resources to help you learn about Cardano.
Why Cardano? The original essay from 2017 outlining the background, philosophy and inspiration behind the Cardano blockchain. By Charles Hoskinson.
The 'Whiteboard video' Charles' overview of Cardano from 2017.
The Island, the Ocean and the Pond Charles' explains the plan for Cardano's developer ecosystem.
Cardano's website Cardano's main entry point.
Cardano_ELI5 Cardano's 'explain it like I'm five' subreddit.
Roadmap A overview of the project's different eras.
Charles' youtube/AMAs A information mine. Watch Charles' videos to get the latest insight into the project.
AMA Search For the above.
IOHK's blog posts Articles about the project from IOHK.
Research Papers Feeling smart? See how it all works.
Cardano Updates A technical update tracker.
Development Updates There are monthly development updates at the end of each month.
Project Catalyst Town Halls Town halls are updates on Cardano's Project Catalyst - our governance side of the project.
List of youtube channels A wide selection of Cardano related youtube channels.

Cardano's Social Channels

Comment command: ?social
Here is a long list of Cardano's social channels.

Buying ADA

Comment command: ?buy
If you're not sure where to buy ADA because of your location, try using the sub's search! Likely someone has already asked. Example: searching 'ny' brings up threads to buy in New York.

Storing your ADA

Comment command: ?wallets
Cardano's two native wallets are:
Daedalus A full node wallet available on desktop.
Yoroi A light wallet, available as a browser extension, and mobile apps.
Note worthy trusted web wallet: adalite
Read the following Cardano_ELI5 posts to understand more about wallets:

Staking

Comment command: ?staking
You can find many comprehensive threads about staking on our 'explain it like I'm five sub' Cardano_ELI5.
Some posts regarding staking
There are no risks staking on Cardano!
  • Your ADA is never locked. You're free send your ADA at any time.
  • Your ADA is never moved from your wallet. You will always be in control of your ADA (read the above like 'What does it mean to "stake" your ADA?' to learn more).
  • Your rewards are distributed by the protocol, so there's no possibility they can be withheld by a stake pool.
There is no minimum to stake (though there is a staking key deposit of 2 ADA) and any ADA added to your wallet is automatically staked, including rewards (rewards are compounded). You only need to withdraw rewards if you need to send the ADA out of your wallet.

Stake Pools

Comment command: ?pools
Guides to decide which stake pool to delegate to:
Stake pool comparison sites
The community has built many invaluable tools for you to compare stake pool statistics:
When delegating try to:
  • Support pools that contribute to the community.
  • Use wallets that allow you to select your own pool (like Daedalus and Yoroi).
  • Avoid staking with large entities like Binance (It's bad for decentralisation and therefore the project).
Make sure you visit CardanoStakePools!

Staking Fees

Comment command: ?fees
Staking Key Deposit
When you make a delegation, it will cost you 2 ADA for a staking key deposit, plus the standard transaction fee (usually ~0.17 ADA). The key deposit is something you'll get back if you ever undelegate the wallet.
Stake Pool Fees
Pool fees are commonly misunderstood. Firstly let's clarify that pool fees are not a direct cost to you, the delegator! Fees are simply the pools share of rewards when they are distributed.
Fixed fee
This is a set amount of ADA the pool earns (min. 340 ADA). e.g If the fixed fee = 340 ADA: If a a pool earns 20000 ADA, the pool gets 340 ADA, and it's delegators get 19,600 ADA.
Variable fee (aka pool margin)
The variable fee is a percentage of rewards the pool earns. e.g. If the variable fee = 1%: If a pool earns 20000 ADA, the pool gets 200 ADA, and it's delegators get 19,800 ADA.
Note treasury tax not included in examples for simplicity.
When making a delegation try to:
  • Support pools that contribute to the community.
  • Use wallets that allow you to select your own pool (like Daedalus and Yoroi).
  • Avoid staking with large entities like Binance (It's bad for decentralisation and therefore the project).
Make sure you visit CardanoStakePools!

Rewards

Comment command: ?rewards
There are 3 incentive mechanisms that allow the community to earn rewards in ADA:
Staking Rewards
Staking is incentivised as it's important for network function as intended. See:
Simply delegate your ADA in a Shelley wallet and you'll earn a passive income!
Note that when you initially delegate, it'll take 15-20 days until you first receive rewards depending on your pool's performance, then every 5 days after (see rewards FAQ).
Your rewards depend on the balance during the epoch snapshot (as detailed in the FAQ). That means:
  • Rewards are compounded - rewards are added to your main balance and thus are captured in the next epoch snapshot which goes through the delegation cycle for increased rewards.
  • Any additional ADA you add to the wallet increases your rewards (again once the balance has been captured in a snapshot and has gone through the delegation cycle).
Community Advisor Rewards
In Project Catalyst you can earn rewards be writing thoughful reviews on proposal projects as a community advisor.
Sign up to the ideascale platform and make sure to read the community advistor guide.
Voting Rewards
Voting is another important part of being a community member, as and ADA holder you hold voting power. Our treasury funds projects proposed on Project Catalyst, and with Voltaire we'll soon be voting on Cardano's Improvement Proposals (CIPS). Voting is incentivised to encourage participation. Be sure to download the Catalyst Voting app on android and ios.

Safety and Scams

Comment command: ?scams
Always be vigilant - especially on Youtube with 'giveaway' scams!
  • Never share your recovery seed phrase.
  • Never send your crypto to someone promising to send more back (youtube 'giveaway' scam) - See advanced fee scam
  • Always download wallets from a trusted sources, and be aware there are imitation wallets in app stores - if in doubt, ask!
Please read the following articles to stay secure
There is no such thing as Cardano giveaways!
How do I identify cryptocurrency scams?
Tips for staying safe online
Cyber security guidelines for Cardano users
Daedalus security when using computer repair services

Technical Support

Comment command: ?support
We also have a community technical support section on the Cardano Forum.
  • EXCHANGES If you're experiencing issues on an exchange, we ask you please use the exchange's own technical support system.
Note that our subreddit is not the intending place to provide technical support.

Developer Resources

Comment command: ?devs
Be sure to visit our dedicated developers subreddit CardanoDevelopers!
The Island, the Ocean and the Pond Charles' explains the plan for Cardano's developer ecosystem.
Cardano updates An activity tracker from the main repositories.
Playgrounds
  • Marlowe A scratch style financial contract web-based environment.
  • Plutus Smart contract web-based environment.
Repositories
Developers site and docs
Social Channels
Funding
Other

The Cardano subreddit rules

Comment command: ?rules
  1. Be respectful and polite
  2. Keep the discussions Cardano related and add value
  3. Scare tactics, hype, FUD & fake news is prohibited
  4. No spamming, advertising or low value content
  5. Please search for answers prior to posting
  6. Market discussion/trading/shilling posts are prohibited
  7. Introductions must be made in the Daily Thread

Rule 1 - Be Respectful and Polite

Comment command: ?rule1
You are expected to treat everyone with dignity and respect. Personal attacks and insults will not be tolerated and users will be banned.
We follow Reddiquette here, an informal expression of the values of many redditors, as written by redditors themselves.
Downvotes are for bad information or rudeness, not casual disagreement.

Rule 2 - Keep the discussions Cardano related and add value

Comment command: ?rule2
All posts must be related to Cardano, Ada, or any projects and businesses related to the project.
Links, posts and comments not related to Cardano will be removed and repeat offenders will be banned.
Always look to add value where you can, we want this to be a place where people can learn more about the project and easily stay up to date with the most relevant news & updates.

Rule 3 - Scare tactics, hype, FUD & fake news is prohibited

Comment command: ?rule3
You are not allowed to post fake news or spread misinformation.
Repeated attempts to pump, shill, or spread FUD (fear, uncertainty, and doubt) will result in a ban.
If you don’t have facts to back up assumptions then please do not post.

Rule 4 - No spamming, advertising or low value content

Comment command: ?rule4
Low-value content includes but is not limited to; memes, reaction gifs, speculation/hype, old links, duplicate links etc.
Stakepool advertisement and NFT advertisement is not allowed.
Please use the dedicated subreddits CardanoStakePools and CardanoNFTs respectively.
Alt accounts are not allowed. In addition, posts including referral links, involving solicitation, phishing websites, affiliate links or duplicate content will be removed and repeat offenders will be banned.

Rule 5 - Please search for answers prior to posting

Comment command: ?rule5
You can find the answers to many questions you may have by using the Reddit search bar.
Reddit is not a place to ask technical support related questions. Please head to the official Cardano Forum where there is a dedicated category called “Community Technical Support”.
You can also browse the official Help Centre to find in depth support articles and request assistance.

Rule 6 - Market discussion/trading/shilling posts are prohibited

Comment command: ?rule6
Any posts that involve price/market discussion, buying and selling Ada, asking for donations or special contests to “win” Ada will be immediately removed and repeat offenders will be banned.
If you wish to discuss the market please do so in the daily thread only, but understand this sub is for the project, not the market. If you're focused on the market CardanoTrading + CardanoMarkets subs might be better alternative for you. We also have a trading section on the Cardano Forum and trading channel on telegram.

Rule 7 - Introductions and expression posts must be made in the Daily Thread

Comment command: ?rule7
We're glad to have you here on Cardano! We know you're all excited about the project and we're experiencing a huge influx of new users. We're trying to maintain the quality information on the subreddit to ensure everyone is kept informed of what's going on with the project. For this reason, we would kindly ask that any introductions or expression posts are done so in the daily thread.
Some examples of expression posts could be: announcing you've just bought ADA, staked your ADA, received rewards, announcing your feelings etc.
Thanks for understanding and if you're new to the community, a big warm welcome to you! Be sure to read the newbies guide to Cardano!
This post was last updated on 25th February 2021.
submitted by SL13PNIR to cardano [link] [comments]

CryptoWallets - Which one should you use

Saw a lot of posts lately about wallets so here we go:

What is a cryptocurrency wallet?

A cryptocurrency wallet is a hardware or software program that allows you to store, send and receive digital currencies. Because cryptocurrency doesn’t exist in physical form, your wallet doesn’t actually hold any of your coins — instead, all transactions are recorded and stored on the blockchain. Some cryptocurrencies offer their own official wallets, while other products allow you to store multiple currencies within the same wallet.

How do cryptocurrency wallets work?

Instead of holding physical coins, a crypto wallet is electronic and includes a public and private key.
- Public Key: This is a long sequence of letters and numbers that forms the wallet address. With this, people can send money to your wallet. It’s similar to a bank account number in that it’s used to send money to an account only.
- Private Key: This is used to access the funds stored in the wallet. With this, people can control the funds tied to that wallet’s address. Like a PIN, you’ll need to keep your private key secret and secure. However, not all wallets give you sole ownership of your private key, which means you don’t have full control over your coins.

Type of Wallets

Cold(Hardware) Wallets:
Hardware wallets are the most secure wallet option available. Unlike the online or software crypto wallets, hardware wallets are completely offline and are virtually hack-proof. Hardware wallets allow users to send or receive funds only when the device is connected to a computer with access to the internet, and cannot send funds without a user pressing a physical switch or button on the device itself.

Pro:
Cons:

Options:

Hot Wallets
Hot wallets are digital wallets that are connected to the Internet. These allow quick and immediate access to your digital currencies, but because these wallets are constantly connected to the network, there is a risk of the wallet being hacked by exposing the private key. The primary use is for ‘everyday’ money when high liquidity is needed. It is recommended that hot wallets use a PIN password as well as second layer authentication (2-FA).

Pro
Cons:

Options:

Exchange(Online) Wallets
Exchange or online wallets are typically accessed through cryptocurrency exchange accounts. Online wallets are easy to access and use, but don’t provide full control over user funds and are at risk of hacking.
Pro:
Cons:

Options:

Paper Wallets
To keep it very simple, paper wallets are an offline cold storage method of saving cryptocurrency. It includes printing out your public and private keys on a piece of paper which you then store and save in a secure place. The keys are printed in the form of QR codes which you can scan in the future for all your transactions. The reason why it is so safe is that it gives complete control to you, the user. You do not need to worry about the well-being of a piece of hardware, nor do you have to worry about hackers or any piece of malware. You just need to take care of a piece of paper.

Pro:
Cons:

Options:


Stay safe and as always:

DoYourOwnResearch

submitted by good-as-hellx to CryptoCurrency [link] [comments]

Noob guide: "I’m new, or want to be new… can I get basic Theta help?

TL;DR:
This is a post with basic, basic information for anyone interested in buying Theta. If you already know and own Theta, not much new info here :)

Whoa! I just saw some awesome numbers…WTF is Theta?!
Theta is the token used by a blockchain project focusing on decentralizing streaming content. Just as different tokens are streamlined for different goals (privacy, long term value storage, even medical records) this one is being groomed for use by the entertainment industry.
Ok. So…pie in the sky Netflix on blockchain? Sounds far off.
Actually, Theta has been streaming things since 2019. There were over 7500 Edge Nodes running as of Jan 2021. In March of 2021, Sony partnered up with Theta. Google is running nodes to mine their own fuel. Theta's prominence will likely happen pretty fast/hiccup free due to large institutional partner investment.
Sounds great, but it’s already ($x)!? The whitepaper says there’s Theta and TFUEL, and TFUEL is waaaaaay cheaper. What’s TFUEL, can I just buy TFUEL? It’s listed on Binance!
From https://docs.thetatoken.org/docs:
“The Theta Network features a dual token design. The Theta Token (THETA) is the governance token of the Theta protocol. THETA is used to stake as a Validator or Guardian node, contributing to block production and the protocol governance of the Theta Network. The supply of THETA is fixed at 1 billion and will never increase. Theta Fuel (TFUEL) is the operational token of the Theta protocol. TFUEL is used for on-chain operations like payments to Edge Node relayers for sharing a video stream, or for deploying or interacting with smart contracts. You can think of Theta Fuel as the “gas” of the protocol. There were 5 billion TFUEL at genesis of Theta blockchain, and the supply increases annually*."
*[emphasis added]
Ok, ok, ok. So buy Theta, earn TFUEL. How in the heck are you guys buying this stuff, it’s not anywhere I can find? What exchange is this even on?
As of mid March, Theta availability on exchanges has been spotty. Crypto.com had it a few days, and then stopped. Binance, but it's not as accessible to US users, etc. Those just getting into the game right now are buying it through DEXs (decentralized exchanges).
Known exchanges: simpleswap.io, Kucoin, Hotbit, Godex.io, changenow.io have all worked reliably for folks, some more than others. DYOR!
HELP! I can’t buy Theta with fiat there??
Sorry, no. You’ll have to trade cryptocurrencies that are offered as a swap pair on each exchange, so you’ll have to have an active wallet on a different exchange to send from. Do some test calculations to see what gives you the best rate against a third currency: does converting $100 of BTC give you only 11 Theta? Does $100 of LTC give you 17? Does ETH on give you 1 Theta due to gas fees? :P
Whoa….whoa… wait. I’ve only done stuff on big exchanges like Binance and Coinbase before. They want me to send them a bunch of currency and just wait like a rube? Sounds sketch.
Yep. What’s basically happening is that the site is middlemanning finding you a seller. You’re handing it to them for them to say in good faith that you put up your stuff. The seller technically sends YOU your new tokens on faith as well, and the exchange sends them the trade. If you use the ones listed above, it should be safe. But this is the cost of getting in before Theta hits the main exchanges and rockets!
Gentle reminder: No individual is going to act as an exchange, and they definitely don't need any of your secure info to do it. Only exchange through trusted websites. Don't give out passwords and stay safe!
Another thing. It’s asking me for a Theta Wallet address. Huh?
Where else you think you were going to keep it? There is really only the official wallet at https://wallet.thetatoken.org/unlock. There are some really, really basic videos about setting up the wallet on Youtube, for example here. Alternately you can use a hardware wallet or store on an exchange, but I have no experience to speak to in those departments at the moment.
Right now, the online wallet requires you to keep a “keystore” file along with a password to get in. Don't lose your keystore file! Don’t worry, without your password it’s basically just your login data so it’s safe to store on a computer, someone could only get in if they had your password too. Which for convenience you DIDN’T save on a notepad file in the same folder, right..?
(edit: you can recover this file from the online wallet if you lose it or change computers, so long as you can log in with your original seed phrase.. but it's a lot easier just to keep track of the thing)
Can I steak? I heard someone say 24 oz. steak!
24 oz “steak” indeed. Theoretically the minimum to fully “stake” Theta right now is 1000. Yes, about 6k+ USD. Don’t worry, that’s down from 10000 Theta last summer!
However, you can stake smaller amounts with pools using gpool. More here. YT specifically here with Gpool starting around 2 minute mark.
Anyway, hope this helps answer some of the basic Qs I’ve seen sprout in replies on a few threads. Ask any that I missed here or in the main channel!
WELCOME TO THETA! STREAMING BLOCKCHAIN OF THE WEB 3.0!
Discord
Github
Medium

EDIT: grammar and some math. Feckin math...
EDIT2: more grammar, added more links.
submitted by P4intsplatter to theta_network [link] [comments]

£18.34 network fee to transfer £25... Wut?

So I’ve just signed up to binance and done a test purchase of £25 worth of BTC.. I’m going to send it to my Trezor wallet but the network fee is £18.34. Am I missing something here?
submitted by TBox669 to BitcoinBeginners [link] [comments]

Advice for beginner HODLers

Hi Everyone, hope all is well.
I have just established my HODLing career in crypto currency and wanted to share some steps I took to get started. One thing I quickly learned is that cryptocurrency is a MINEFIELD for newbies. There are so many ways we can get caught out and subject to eye-watering fees, scams and pitfalls.
I joined this game only 2 weeks ago due to FOMO as part of current surge in BTC value, so I'm still very much a newbie myself. Nevertheless, I've learned some valuable lessons. In many ways, ignorance is bliss.... as I will explain below. I think there is a rollercoaster ride ahead of us but I'm a true believer that the endgame is to hold on to Bitcoin for dear life for the next 5-10 years. I believe it will be a valuable asset despite the immediate future being volatile and uncertain.
The first trick is to not overwhelm yourself. You only really need to know the basics; go on YouTube and watch a couple of "summary" videos on Satoshi's White Paper. It will summarise the key points of Bitcoin. The other trick is to only bite off what you can chew. Binance exchange looks fun right? You want to trade crypto right? WRONG - leave it, don't bother, you DO NOT know what you are doing. It's unnecessary anxiety.
So if you want to HODL, here are my suggested steps:
1)You need a hardware wallet. Do not leave crypto in an online wallet, you are subject to theft and scams. Visit https://trezor.io and order your Trezor. It's a self-explanatory process once you're on the website. Trezor offers almost all services now. You can buy crypto direct from wallet at modest rates. I tried to buy crypto on various other platforms and it just overcomplicated things for me.
2) set up your hardware wallet when it arrives. It's dead easy. This isn't a how-to message for how to set up Trezor. Seriously, just follow the instructions when it arrives.
3) Keep your Trezor recovery seeds somewhere safe. The recovery seeds are literally just a series of randomly generated words that you write down on a pice of paper. Key thing to remember is if you loose the recovery seeds, you will never see your crypto ever again. Keep them safe and out of harms way. Never disclose the location of your recovery seed. Never reveal it to anyone ever.
4) Buy crypto direct from Trezor wallet. I suggest using dollar-cost average approach, i.e. once a month, plug in your Trezor and buy as much crypto as you can afford to lose. Repeat this every month. For example, I log in after pay day every month and buy £50 worth of BTC. YouTube "dollar cost average" for more info - it's a cheap and low-risk model for HODLing.
5) Download an app called "CoinGecko" if you want to track the price of BTC and other crypto. It's a nice addition but not essential
6) If someone DMs you on Reddit, Telegram, Whastapp, or even drops you an email - DO NOT engage with them. Ever.
7) Trezor is currently developing a "sell" feature so we can exchange crypto to Fiat currency and send to bank account. The feature is not available yet. Since the endgame is to HODL for 5-10 years, don't bother trying to send crypto to an exchange and convert to fiat currency. It's honestly not worth it (my option only). I will just wait until Trezor have released this function in the wallet.
Hope this helps. I will probably get a lot of die-hard crypto maniacs picking holes in this approach.... but this is a subreddit for BEGINNERS. ;)

Happy HODLing x
submitted by cpold_cast to BitcoinBeginners [link] [comments]

My experience with Binance thus far

I live in Canada, and I have been using Binance for around 6 months without a hitch. I have used their 3rd party payment processor to buy BTC directly on their site, and I have used other exchanges to buy via e transfer (it’s a Canadian thing, different from wire transfer). I’ve never had them hold up any withdrawals for unreasonable amount of times, never had any funds go missing.
If you are a new user and you transfer in tens of thousands of dollars in a new account.. it’s gonna raise some flags. I’d suggest just going bit by bit instead of YOLO FOMOing and dumping huge amounts, that kind of activity looks suspicious and Binance has to investigate things that seem like money laundering.. All of my deposits and purchases were in the hundreds of dollars range and I built my portfolio slowly. I’ve used a handful of exchanges to trade and buy various shitcoins not offered by Binance yet, and the experiences I had varied from “not as good as Binance” to “downright dreadful and sketchy. Ftx, coinsquare, kraken.. they were alright but Binance has more to trade than basically every exchange and they do a good job curating the coins available to be well established for the most part. I heard of an alt coin called LINA about a month ago and put a few hundred dollars into an exchange called exrates, that was a truly scary experience. Almost no market activity, it even felt like I was trading with bots at times, and it took me almost a full week of jumping through hoops to get the ok to transfer my funds out. They kept changing the goalposts, increasing withdrawal minimum values.
All that to say I like Binance. If I’m going to long term hodl I don’t keep it in Binance though. You have to be the custodian of your own crypto, and you shouldn’t leave stuff in any exchange unless you want to open yourself up to more potential of loss. Get a metamask wallet or a ledgeTrezor because exchanges do get hacked and funds do disappear if you don’t do security properly.
submitted by darbleymcodlab to binance [link] [comments]

Newbie questions

Hi guys, I am new to THETA and crypto in general. I like this project and its vision.
I would like to ask some questions regarding THETA. I believe those questions might seem stupid for majority of you, but I did not find answer for them yet. I have a TON Of research to do but I believe that the answers might set me in the better Direction and spare some time. I also like this community for not being bullish on “to the Moon” bs so much.
  1. How do you store Theta tokens? My plan is to HODL so I am looking for some long term storage. I was thinking about Trezor (one) but then I found some posts on the internet saying that it is not supported and there might be issues with withdrawing because it is not ERC20 token like ETH (maybe bs?) And I got confused. There is also this warning on the official site: https://docs.thetatoken.org/docs/preventing-lost-eth-erc20-tokens
Where do you guys store it? Are you using Theta Wallet? Is it safer than Binance (given the fact that it is not cold storage)? So far my tokens are on Binance but I don’t want to store them there.
Do you have any special storage place to be able to get involved in stacking? (Theta Wallet for example)
  1. This question is a bit philosofical. I got a strong feeling from this community and posts that Theta is really promising project from both technical and also financial point of view. I also haven’t noticed that much contrast opinions with some negatives like I sometimes see on other crypto (where some people say it is going to the Moon and others that it will go down). My point is that I don’t understand why this is not a bigger deal and why it is not “hyped” much more if it is so promising? Am I missing something here?
  2. What are the negatives or risks of THETA which could possibly cause this project to crash?
Have a Nice day PS: Sorry for the length. This is my first ever Reddit post lol
submitted by Kopyno to theta_network [link] [comments]

hacked

So was just cleaned out on my metamask account. Showed transaction on my phone but not on browser extension. It was within 3 mins for deposit from someone and then withdrawal. Its mine blowing enough when looking at the etherscan info on the transaction it only cost them 4.92 in gas to transfer a decent amount of money but it cost me much much more using slow speed gas to get it in account. So paid a decent amount to have someone take my assets, go metamask!
No i do not have any keyloggers, viruses, etc on either of my phone and or computer. Was in process of putting on my trezor to secure it and happened as I was doing for extra security, so this was almost instant. I work in IT and design, and the only possibly way this could of happen is bad security in metamask! I have used this account many times before with larger transactions and nothing. Again no I did not click on any clickbate or download any files in this time frame. This seems to be a trend in metamask wallets and honestly looks like the security has an issue. If it is a bad mobile app metamask should of been getting play store to take that down immediately and have a watch team on it all the time.

the thief account # 0xe4bdeeD71DB7ec12E541593edfF21f89281bF604
https://etherscan.io/address/0x68e08a8db61c14283184f31f88aedf409135511e

there are many more and this person has also taken directly out of bittrex, binance 2, and more.

of course this is just one of the places its transferred out to, than to another etc.

So HELLLLLLLO! METAMASK! how about some refund of funds then install a f2a and or alert system through text and or email! Common practice security for this industry, so a pw needs to be entered before transfer is initialized!!!!! This points to horrible UX and design ideology! I am pissed and sorry not sorry metamask needs to pay some people back and then stop all trades and patch their security, as well as fix the user experience on their app with verification that its the real app and your not downloading a wallet thats new and yours! So so much to improve on!
submitted by Objective-Raspberry1 to Metamask [link] [comments]

How To spot a Crypto Scam (Exchanges, Coins/Tokens, Social Media)

With crypto booming and lots of people having double digit profits scammers will try to take advantage of unknowing/new investors. In this guide I will discuss the most common crypto scams out there and where to look at.
1. Fake Exchanges/Wallets/support:
If you want to get some crypto, you have to go to an exchange. Most exchanges offer some type of promotion for their customers from time to time incentivizing them to trade. There are scammers out there who create a seemingly legit looking exchange and try to lure in new customers with 'bonuses' which are too good to be true like 'get 0.1BTC for free!'. To get this bonus you usually have to deposit first to 'unlock' the free coins. Once you deposit on that exchange your money will be gone, even though it looks like it's still there. Sometimes scammers copy wallets from legit coins and get the app listed on the Google play store, when you put in your seed phrase or deposit you're handing over your wallet to them. To draw attention to their fake exchanges/wallets scammers sometimes use fake support members pretending to be from Binance or another large exchange on social media.
To prevent getting scammed by these methods do the following:
2. Phishing:
Thanks to technological developments phishing scams are largely prevented by parties like Google filtering out spam email, but some can slip through the crack. Never interact with emails or other messages you receive seemingly coming from a large exchange asking you to login because of a problem or them asking for your private key, exchanges will never do that!
3. Fake ICO's/Airdrop scam:
An Initial Coin Offering is a type of crowdfunding to get a new crypto project released with a claim that in the future the early investors get their tokens. One report found that 78% of ICOs in 2017 were scams. With DeFi booming crypto Twitter and other social media have turned into a cesspool for scammers trying to lure people to their fake new DeFi projects. These scammers use social media to their advantage, promising people free coins (Airdrop) in exchange of them spreading the word around.
How to prevent getting scammed:
4. Impersonation giveaways:
This might be one of the easiest scams to point out, scammers pretending to be celebrities to lure you to their fake exchange or 'double' your coins. They use an army of bots to make it legit so be careful when you see anything like this on social media.
5. Pump and Dumps:
in the unregulated world of cryptocurrencies market manipulation is quite common. There are social media groups with thousands of people pumping a seemingly dead coin (low liquidity is easier to pump) to quickly after crash it again. Never join one of these groups, you will very likely lose a lot of money! The creators of the group make the calls so they can dump their bags on you. Keep an eye out of a coin that suddenly gets hyped a lot with a lot of trading volume, it might be involved in a PnD.
6. Ponzi and Pyramid schemes:
We all remember Bitconnect and its downfall, the largest crypto ponzi we had till date. Ponzi's move money from new investors to older investors, they lure in new investors with the promise of a high return. Usually people encourage each other to put money into it, but that can only go on for so long. Once there's no new people buying into the ponzi or the creator is done with it the house of cards collapses.
How to prevent getting scammed:
7. Malware:
Once malware has infected your personal device its fairly easy for criminals to watch everything you type in, all your personal information (keylogger). Another type of malware is very rampant now, the clipboard replacer. When you want to send crypto, this malware replaces your address (which you copy pasted) with the address of the scammer.
How to prevent getting scammed:
I tried my best to cover all the cryptoscams out there, if I missed anything or you feel like it needs more information leave a comment!
submitted by SweetPie123 to CryptoCurrency [link] [comments]

Golem - GLM The first decentralized super computer

Currently Sitting at around 60 Cents , Golem deserves some attention here , Supercomputers open up a whole world of new possibilities , strong Fundamentals and is a Long term hold for sure considering How much Tech is Evolving...
We are in the FUTURE guys, Golem is the first Decentralized Supercomputer... It achieves this by connecting computers in a peer-to-peer network, allowing users to harness the computational power of their peers. As a result, users performing highly complex tasks – like 3D rendering, or machine learning for example – can rent the power of the network to complete the task.
The price has started picking up Recently, if you check out the charts its going to be entering Price discovery soon, You can get Golem on many big Exchanges, Binance , Voyager , ETC. i Store Golem on my Trezor as its supported on there, But there are so many ERC-20 token Wallets around you can do what you please
submitted by fbi_open_up_7 to CryptoHorde [link] [comments]

ChainLink (LINK) on Trezor One using Suite

Total newbie question here.
I have some LINK that I want to transfer to my Trezor One from Binance. Trezor says LINK is supported on the Trezor One on the Trezor Suite (https://trezor.io/coins/). But when I go into Suite to "enable more coins," LINK is not there, and the list is a lot shorter than what I see on their webpage of supported coins and tokens.
Now, the webpage says "Chainlink (LINK) ERC20". Does that mean that I just need to have Ethereum enabled in the wallet, and in Binance, copy and paste my address, use the Ethereum transfer network (ERC20), and it'll show up in my Ethereum wallet? ...or something like that??
Thanks in advance!
submitted by naturallytim to TREZOR [link] [comments]

Golem - GLM The first decentralized super computer

Currently Sitting at around 60 Cents , Golem deserves some attention here , Supercomputers open up a whole world of new possibilities , strong Fundamentals and is a Long term hold for sure considering How much Tech is Evolving...
We are in the FUTURE guys, Golem is the first Decentralized Supercomputer... It achieves this by connecting computers in a peer-to-peer network, allowing users to harness the computational power of their peers. As a result, users performing highly complex tasks – like 3D rendering, or machine learning for example – can rent the power of the network to complete the task.
The price has started picking up Recently, if you check out the charts its going to be entering Price discovery soon, You can get Golem on many big Exchanges, Binance , Voyager , ETC. i Store Golem on my Trezor as its supported on there, But there are so many ERC-20 token Wallets around you can do what you please
submitted by fbi_open_up_7 to SatoshiStreetBets [link] [comments]

To everyone who has trouble withdrawing from binance i have an solution

Recently Binance has been stopping a lot of withdrawals to bank accounts and forcing people to go through the limited customer support asking for their money, heres my solution:
1 First, if you have trust issues with Binance, withdraw all the coins to Coinbase or another exchange
2 Once your crypto is there, you can withdraw to paypal or debit card depending on what your wallet offers
3 From there, its super easy to withdraw to bank account without any trust issues with Binance, it will also remove any trust issues with banks if, like me you have a very corrupt and inconvenient bank.
This method might have a lot more fees but its better than not having the money at all, its a lot better in those times when Binance stops withdrawals while tweeting random shit
Next time if you just HODL huge amounts of crypto just buy a hardware wallet, if you have so much money to deposit in crypto you have the money to to buy a 70$ Trezor
Hope that my advice can help someone and stay safe in those times, stay safe and informed!
submitted by big_ounce_from_memes to CryptoCurrency [link] [comments]

HOW TO BUY, STORE, TRANSFER AND MAKE MONEY OUT OF CRYPTO

Well, I have been trying to write this from long but my current job was not allowing this. Luckily I left the job and all the miseries associated with it. Anyway, Just a little background, I am an ex-banker and been in crypto from past few years; Have seen ups and downs, pumps and dumps, all the HODL MOON and rekt, and what not. Lately, I am getting lot of requests from people asking about cryptocurrencies or Bitcoin in general. So, I am writing a fully fledged guide here on how you buy, store, transfer and make money out of cypto; Last part is very subjective though..hahah.
Just to be clear, I will focus more on providing relevant resources to learn rather than bullshitting my own advise.

Why Crypto?

Biggest question is why one should ever buy crypto. why one should spend money on something that they can't even touch or feel.
Well, before answering that, let me tell you that we do not live in an Utopia. We live around mean and selfish people, corrupt politicians, filthy rich people who wants to control and peek into every aspect of our life. And Our current system consists lot of intermediaries which result into extra cost, time and chances of fraud.
Bitcoin just came to get rid of such people. It works on a decentralized mechanism where we cut the middleman or centralized institutions out of the system and transfers the trust from humans to computers(nodes), rendering the chances of error and fraud while offering secure and seamless transactions.
Imagine sending millions of dollars from one country to other in real time with fees as low as few dollars. Not to mention, payment is only one use out of thousands that the underlying technology of crypto-currencies blockchain offers. Besides, in terms of investments, it has outperformed every other asset class imaginable in the last decade.


How to buy Bitcoin

Now that you know bitcoin and how it works, how do you become part of this revolutionary currency. There are crypto exchanges in almost all the countries and it's easy to buy from your native currency-I am going to list some of India's most popular exchanges:-

Wazirx

( Signup- wazirx.com )
Well, this is my personal favorite. CEO Nischal Shetty is an amazing person. It was the only exchange that was running during the hard times of 2018 when RBI brought circular prohibiting Banks to provide services to individuals or any company dealing in crypto-currencies, especially exchanges. Started it's legendary P2P service during the ban and soon outperformed the every other exchange in terms of users and trading volume in India. Ban was removed and wazirx emerged as a unconquered champion. Currently Wazirx is acquired by Binance and leading as biggest crypto-currency exchange in India.
Step by step guide to sign up- wazirx guideHow to deposit INR- Wazirx deposits

Binance

( Signup- Binance.com )
Binance requires no introduction. It's the biggest crypto currency exchange in the world in terms of trading volume. CEO Chengpeng zhao is a visionary person and is one of the fastest person to become Bllionaire on face of the Earth. It has also launched its p2p trading service in India where people can buy major cryptocurrencies through INR. Without a shadow of doubt, it's the most trustworthy and credible exchange out there. It also offers various other products including Margin trading, futures & options, staking and other investment instruments. Won't be wrong to say, it's a complete crypto ecosystem on it's own. Not to mention, native exchange token BNB( used to save fees) has skyrocketed 150 times from $0.5 in 2017 to $75 recently. Educate yourself with binance- Binance Acadamy

Zebpay

( Signup - Zebpay.com )
Zebpay is one of the oldest crypto exchange in India. Started back in 2015, it used to be one of the most popular exchange in India. Although they ran away with their bag and baggage in 2018 after the govt. regulations but they got back in business recently. Well, Zebpay is not my first choice but it's still better than some other shady exchanges. Besides they have a decent looking app with easy interface.
Not to mention, having an account on multiple exchanges might come handy in a situation of arbitrage. Indian exchanges tend to provide lot of such opportunities ,especially in days of volatility. Step by step guide- Starting with Zebpay

p2p Exchanges

singnup- Localbitcoins.com
There are people basically who don't trust exchanges and rather prefer to trade more privately. On LocalBitcoins, you are dealing with humans. Unlike centralized Bitcoin trading websites, LocalBitcoins allows you to trade directly with another person. It allow users to create advertisements where they can choose the payment method like CASH/PAYTM/IMPS/NEFT and their own exchange rate for buying and selling bitcoins from and to other LocalBitcoins users. LBTC acts as an Escrow and protects both buyer and seller by keeping the bitcoins safe until the payment is done and the seller releases bitcoins to the buyer. This is very popular among Tax evaders..lol! Just an tip, always choose a safe public place when dealing in cash.

Before moving further, you should be aware of public and private keys at-least.
Public key- It's large string of alpha numeric key that you use to receive funds. It's called a public key, simply because it is meant to be shared publicly and enable you to receive funds. Private key- A private key is a sophisticated form of cryptography that allows a user to access his/her cryptocurrency.

How to store crypto currencies:-



1. Exchange Wallet

This is most widely used and convenient method of storing crypto. You buy from exchange, you let it stay there, sounds very easy. Only downside here is that it is risky. As the history dictates, exchanges are no immune to cyber attacks and there were instances of fraud and robbery with mainstream crypto exchanges like Mt-gox, Bitfinex, Bitgrail, DAO, upbit, where billions of dollars worth of bitcoin were stolen by hackers. So, it really make sense to look for safer alternatives, isn't it? There is saying in crypto, You own your bitcoin only when you have access to your private keys, and in this case, exchanges have it. Although, Exchange wallets poses incredible convenience if you're an active trader and don't want to get into hassle of transefering crypto back n forth.
Most reliable Exchange wallets- Coinbase( works under SEC regulations) Binance(more suitable for altcoins)
just my 2 cents, always have your 2fa enabled for withdrawls.

2. Hardware wallets


This is one of the safest way of storing crypto-currencies. Hardware wallet is basically a USB device which saves the private keys securely in an offline manner. It has serious advantage among others because it never allows your private keys to come in contact with internet connected computer or any vulnerable software or attack. Ledger and trezor are some of the most reliable and popular brands, you can also look for Mycelium and
Electrum.
Ledger-https://shop.ledger.com/products/ledger-nano-s
trezor-https://shop.trezor.io/

3. Paper wallet


The idea of a paper wallet is very simple. You set up a wallet offline while following some simple instructions and then you simply print out the private and public keys in a piece of paper. The keys will also be printed in the form of a QR code which you can scan in order to get access to your funds. If you use your crypto fairly regular, go for hardware wallet. However, if you are planning to just store your funds for a long time without much interference, then, without a shadow of a doubt, paper wallet is the way to go. There are two paper wallet sites that we would like you to check out:
Walletgenerator.net
MyEtherWallet.com



How to transfer crypto from one exchange to another:-


Well, it's the simplest part considering you don't do any mistakes. To transfer any cryptocurrency all you require is the destination wallet address (deposit address). No matter which exchange you wish to transfer your funds to; the exchange will provide you with the receiving address. Make sure that you’ve copied the right address of the coin that you are looking to transfer. Sending coins to a wrong address will result in loss of coins and you have to depend on mercy of exchange to get your coins back.
In general here are the steps to transfer coins from Exchange A to Exchange B.

1)Go to Exchange B and head to Funds >> Deposits / Withdrawal section.
2)Choose the coin and copy the deposit(receiver) address provided by the exchange.
3)Now come back to Exchange A and head to Deposits / Withdrawal section.
4)Choose your coin that you are looking to withdraw. Then paste the recipient address that you copied from Exchange B.
5)Next enter amount to send and click withdraw. Now you’ll be asked to complete the validation process. It can be either OTP/2FA or email verification depending on what you chose for your account security. Once this step is complete your coins will be sent to Exchange B.



Ways to make money out of crypto:-


HODL


Most easiest way to make money in crypto is simply buy and forget you ever had bought anything. HODL or Hold On for Dear Life is coined for long term investors who beleive in underlying technology and won't sell until the mainstream adoption. It's not just a notion, actually it holds a strong premise. Speaking of which, no one has ever lost money by holding crypto in long term. It's the most volatile market ever existed and can drive people nuts, but only the visionary people with strong will power gonna survive in this mayhem. God bless panic sellers and faint hearted people, bruh this market is not for you.
you bought the peak of 2013? no problem, it made another one in 2017. Now you bought at 20k and crying over your miserable life, no issues it doubled again in 2020. If you really believe in a decentralized society where no one else controlling your money but you , then you're a true hodler.

Trading crypto


Well, this is tricky and I won't suggest you to jump into this right away. As the trading is slightly different from conventional markets and highly influenced by sentiments, news & events, supply ,adoption, unlike other markets where fundamental and technical analysis plays a major role. It might as well seem a bit confusing initially but believe me this market offers plethora of opportunities, only if you have the patience and determination to find any . I will try to enlist some steps that can come handy in the process.

1) Picking an Exchange- It should have the maximum trading pairs with highest liquidity. Binance certainly rings a bell in this category. It's way ahead of it's competition. Some of the major trading exchanges:-

2) Finding an information source :- It's imperative to have information about the coin before jumping into the buying spree. It really boosts the confidence and prevent panic selling in days of bloodbath. Not necessarily to become a blockchain expert here but fundamental knowledge of the premise behind a coin, need it serves, supply and knowing about it's use case would suffice. Listing some of the major information source:-





Now, just a tip- Don't chase pumps and dumps. They might look fascination from the surface but beleive me, it's a slippery slope. If you entered at the bottom, then it's well n good, otherwise just be a spectator.

Passive income from crypto






So that's it guys, hope you've learned something here and wish you good luck in your crypto pursuit. And feel free to drop any questions or suggestions.
submitted by Fitcryptoguyin to beermoneyindia [link] [comments]

Binance to metamask connected with trezor for btc using binance smart chain?

I live in india and my country is going to ban cryptos, I only want to hold bitcoin to prepare for hyperinflation or a monentary reset. I have no intention to trade in btc whatsoever. I bought trezor one, it will arrive tomorrow, I am planning to put 2% of my portfolio into btc which is a very less amount ₹10,000 roughly $130. I don't want to pay a $30 fee to tranfer btc from my binance account to my trezor Can I use metamask to link it with my trezor, connect metamask to binance smart chain and withdraw using BEP20 network? Is that possible ? If not is there any secure way to avoid these high fee, my country may put a ban on cryptos within a week, help!
submitted by kaypee06 to Bitcoin [link] [comments]

Beginner Tips and Resources

With bitcoin reaching all-time highs we are seeing a lot of renewed interest in cryptocurrencies and a lot of new people joining the sub.
If you are new to the sub, WELCOME!! If you have any questions you can make a text post (if you have 500 comment karma) or post a comment in the daily discussion thread that is pinned daily to the top of the sub. There are many knowledgeable users here who will be happy to answer your questions or give advice.
If you are interested in other specific-coin sub-reddits we have a list of active subs in our wiki directory
We also have an active discord if you are interested in joining!

Beginner Tips:

submitted by Mcgillby to CryptoCurrency [link] [comments]

A beginners guide to cryptocurrencies

Hi there, i'm here to help all you newbies out there that have any doubts regarding buying cryptocurrencies
Let's begin:

FAQ:

What is cryptocurrency anyway?
Cryptocurrencies are a form of digital asset such as the dollar, but its not only 100% digital, but 100% decentralized meaning no government or group has control over it.

What is blockchain?
Blockchains are the technology cryptocurrencies run on. Blockchain is a decentralized technology spread across many computers that manages and records transactions. Part of the appeal of this technology is its security.

How many cryptocurrencies are there?
It's almost impossible to say exactly how many different cryptocurrencies there are you there because anyone can create one at any time.
As of March 2021, it is believed to have over 10,000 different coins in existence

What are cryptocurrencies worth?
A market cap is the total coin's supply's value, example: Bitcoin has a total supply of 21,000,000, and the current price is $53,000 so 21mi \ 53k = 1.1trillion*

Why are cryptocurrencies so popular?
Cryptocurencies have become more and more popular overtime especially due to people looking at it just as an investment, but cryptocurrencies are the future currencies of the world and will be responsible to closing the central banks
Some people like it for it being anonymous and making large transaction without needing to pay for taxes

What is fiat money?
Fiat currencies are government money such as the dollar, euro, real, etc...


So you wanna be a crypto trader, where do you begin?

First of all, welcome to the crypto world
We love to have new people to help increase the word that crypto is the future

Now let's begin trading:
To start trading easily i recommend an exchange, now the exchange you go with is 100% up to you or the country you live in

What exchanges are there?
There are over 500 exchanges you can choose from so i've compiled a list of the most popular ones:
U.S. ONLY:
U.S. and international:
Europe:
Korea:
Vietnam:
India:
Australia:
Non U.S.:
NOTE: some exchange listed as international may not be available in countries such as: Afghanistan, Congo-Brazzaville, Congo-Kinshasa, Cuba, Iran, Iraq, Libya, North Korea, Syria, Tajikistan and others Always check before creating an account
Binance:
Binance's official guide to cryptocurrecy trading
The most popular exchange is Binance. By January 28, Binance reported to have over 100 million users trading, and growing
Binance has over 150 different coins, which is 3 times what coinbase has and over 7 times what voyager has
Now Binance has it's downsides, one of them is Binance.us, which is their U.S. website, because laws on trading are different on the U.S., Binance.us has less coins and verification takes longer, so i recommend using a VPN.

Post trading guide:
So you've funded your account and bought your token(s), what now?
Some exchanges give you the private keys to your wallet, but some keep it or even don't allow withdrawing your crypto, like Robinhood (Although RH is more focused on stocks)
If you are here for some quick cash or short term in general keep it in your exchange because most of them are very secure
But if your here for long term holding i would only recommend leaving on the exchange if you can earn passive interest on it, if not, then i would transfer them to a wallet or, a physical wallet like Ledger or Trezor, they are the most secure ones, just be careful not to lose them,
Some good digital wallets i'd recommend:
Binance smart chain / Ethereum wallets
Some good cold wallet (physical wallets)
Sources and helpful guides:
The crypto trading space is wonderful, cryptocurrencies are the future currencies
Please let me know other things to add to this post
If you have any questions feel free to ask down bellow : )
submitted by Borislimbas to SatoshiStreetBets [link] [comments]

Is this it? Really?

So, I got a brand new Nano X because I wanted a safer place to store crypto that I won't really touch for a while. This will be my review, but you could also consider it a rant.
The criteria that made me go with ledger was that it was the only hardware wallet that was working with Terra and many other blockhains.
When I got it, I was impressed with all the apps I was able to install on it.
The thing that didn't impress me is that most blockhains that are not ether or bitcoin don't integrate with ledger live at all. I somehow thought that the wallets' names next to the coins on the website were like an add-on to ledger live, but there's no integration whatsoever. Not even an option to see your balances. It's very annoying and I feel like I bought an unfinished product. Also, I really wonder if somebody would be able to recover my crypto if I die.
Now, I know of trezor wallets' integration with the Exodus wallet and I really think ledger should go that way or put more money into ledger live. I saw the Guarda wallet in the list of thrusted third party apps, but it doesn't seem as powerful as Exodus. Did somebody try it? It sounds no_name to me.
The second biggest hindrance is the total lack of mobile integration. I heard that trezor might not be very good in the matter either. Of course you can access the ledger live app, but no possibility of accessing defi apps with it. No binance smart chain either. You can't use ledger with metamask on Android. The only third party app that works with the nano X is a cardano wallet. But, come on, why would I use a wallet that's exclusive to Ada right now.
My conclusion is that you still have to be very well versed in computers and programming in order to get anything out of the nano that's not ether or bitcoin. It treats anything that's not those as a novelty. I don't understand how the number one wallet company don't invest more in it's main app. I hope, the current frenzy around crypto will encourage another company to make something better.
In the meanwhile, I'm very hesitant to transfer everything in there as mobile wallets and exchanges look way more useful.
submitted by SimilarSupermarket to ledgerwallet [link] [comments]

Theta Newbie Questions vol. 02

Hi guys for all the answers, appreciate it. I have some following. I write it here since I am not sure if my comment on my own post won’t be overlooked.
  1. What is the best way to send Theta from Binance to the Theta wallet? Is there a possibility to do it straight from Binance? Are there any (huge) fees or any cheaper way to do so? (I am a newbie so I gues I would rather choose a safer way than some risk of screwing it up somehow and loosing it). I am also thinking about splitting the The-bag and keep some on Binance if any of the Wallet got stolen. I will use the HW Wallet in the future but will wait for the official Support of the coin by Trezor.
  2. I am now dealing with some FOMO tbh. I have bought some Theta according my budget. I was looking also for Akash project and was gonna buy some but now I don’t know whether should I rather invest a part of the Akash budget rather to Theta or not. Why I think about it this way is this: Theta might be on the edge of a burst so the price might go only up as more people will notice that and will see its potential. So in the future there won’t be a chance to buy Theta for this price. Akash is still pretty new and there are no announcements comming in the next month as far as I know so “it could wait” for a little while. It is also not so far as a project at the moment. So I could invest to that rather later. I guess this is some pretty serious FOMO I got going on right now lol. What are your thoughts on that?
  3. I got few messages from people, some of them inviting me to some Telegram conversation. However their profile says zero karma and something like They are on Reddit for 4 days. It doesn’t look like scam but I got a little suspicious by the number of days at their profile. Is it safe to clink on the link? I don’t want to click on any Link I am not familiar with. I am new to Reddit so maybe this is Ok but I rather ask.
Have a Nice day
submitted by Kopyno to theta_network [link] [comments]

Unfortunately the faucet has run dry. Read the <anchor>Terms and Conditions</anchor> I can get the device to show the Trezor screen on a TV connected via HDMI, but when I go to the trezor.io/start page, it never gets past asking me to connect my device to start. As a separate issue I can't seem to get the Adafruit Bonnet to work, but I think that's just my own problem with being unfamiliar with it. Reply Delete. Replies. Yannick May 27, 2018 at 1:48 PM. some things you could Changelly.com is the best instant cryptocurrency exchange platform with the best exchange rates for BTC, ETH, LTC, XRP, ADA and 140+ other cryptocurrencies. You can buy bitcoin and other cryptocurrencies with a credit card or any crypto wallet TREZOR ONE CRYPTOCURRENCY WALLET WHITE the popular original hardware wallet for securely managing, storing, and using your private keys. Super easy and intuitive to use. Works flawlessly with Windows, macOS, and Linux. Trezor has been the original and the best crypto hardware wallet since 2014, made easy for every user to start using it right away. Comes with instructions and a USB cable. The

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