Maybe I just don't know enough about bitcoin...but, why cannot I withdraw to the same bitcoin wallet each time at Bovada? They say that they require a unique address for every installment. Each address should not have been used before on the blockchain. How do I get a new address with Coinbase?
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Hi guys, Just got a nano ledger S the other week. I had a question regarding withdrawals from the exchange I am using (Bitcoin). My understanding is that once a receiving address generated by the wallet is used once the next time it will generate a new receiving address which is based off of my public key, but my wallet is able to keep track of where each denomination of Bitcoin is on which address. Now the question I have is, what are the disadvantages of using the old address that I had used for my first transaction? The reason I ask is that everytime I want to withdraw Bitcoin from the exchange I would have to set up a new address and go through all the new confirmation steps... Rather it would be simpler to save one address for withdrawals from exchange and keep using that instead of saving new ones each time my ledger nano generates one... Thanks in advance
This won't be a lengthy post because the steps to take are quite straightforward. However, if you are not familiar with bitcoins or with how to create a bitcoin wallet, I suggest you head on over to /bitcoin or google the instructions. It is a really simple process. In case not everyone knew, you can get some bitcoins for the amount of karma you have! The way it works is simple:
1- You message bitcointip with "SIGN UP" to sign up to the bitcointipping program (more info in /bitcointip)
2- Once you hit 100 comment karma, you can "redeem" your karma in the form of bitcoins. In my case, I had about 2K comment karma (in another account) and after redeeming my karma I earned about 0.0003756 BTC, which is more or less 0.32 US dollars (NOTE: After 3 days, these 32 cents grew into 51 cents. For more info, read up on how bitcoin works in /Bitcoin) . To redeem your karma simply message the bot with "REDEEM KARMA"
3 (optional) - Create a different blockchain wallet. Message the bot with "+bitcointip (ThisIsYourWithdrawBitcoinAddress) ALL". The subject has to be "Withdraw".
It's not much. In fact it's very little. But for those that are interested in bitcoins it may be worth checking out.
LPT: When you deposit or withdraw bitcoin ensure you keep a copy of the address
CashApp doesn't record bitcoin deposits or withdraws that are made until they confirm on the blockchain. This means that while they are in the mempool (unconfirmed) you have no record of withdraw and no way to track it. All you see is that your balance dropped (withdraw) and no proof of why. Not that you would forget that you made a withdraw 5 minutes after the fact, but without the address you deposited or withdrew to, you have no way to track the progress.
12-12 17:14 - 'BitMEX Research: “BitMEX Enables Bech32 Sending Support — BitMEX is delighted to announce that customers can now withdraw bitcoin to the Bech32 (native SegWit) address format. This upgrade is effective immediate...' (twitter.com) by /u/eragmus removed from /r/Bitcoin within 110-120min
I watched this video a couple days ago from Andreas Antonopolous. He's a very influential person in the entire bitcoin community and I was interested in why he was pro BTC instead of pro BCH. The video partly explains his case for small blocks. According to that video he argues for Lightning Network because he cares about privacy. I later tweeted him for specific details but essentially the line of reasoning is along this front... At current 1 mb blocks its possible for anyone with decent bandwidth + a computer to become full nodes. Full nodes are not miners, they just verify that the transaction history of the blockchain. Right now, most of us are not miners, and most of us are not full nodes. Hence we implicitly trust miners are following the rules of the btc/bch protocol and correctly verifying prior transactions. In addition to this, a full node has the most privacy since you can download the entire blockchain and query tx's and addresses without network participants listening in. (This is important for NSA etc reasons). Lightning Network handles privacy even more because everything is offchain and participants in a LN transaction are not aware of any hop between participants. So if I'm giving to Eddy, and my transaction has to go through Bob, Charlie and Dan before it goes to Eddy, Bob only knows my tx is going to Charlie, Charlie only knows my tx is going to Dan and Dan only knows my tx is going to Eddy. No one actually knows that I am paying Eddy and even Dan doesn't know it came from me, but thinks it came from Charlie. (Participants are only aware of the hop From and the hop To). In addition to this, this is all offchain so if you're not a participant in the chain, you don't know anything. It's not on any blockchain to query! When I learned about the argument that he is pro BTC for their attempt at being more private I thought it was a genuinely good point considering everything BCH does is on-chain. You can imagine a world where NSA has now mapped out all bank bitcoin addresses, business bitcoin addresses, etc. Now it's a lot less private. They can just look at the blockchain and know you bought X. If they see a withdrawal from a bitcoin address to a bank then they know your withdrawal bitcoin address. Aka they know your bitcoin address. You can see how this is bad for privacy because everythign is on chain. I tweeted at roger vers, craig wright and deadlnx but none of them responded. I'm wondering what the goal for privacy is for BCH. I think privacy is important. I don't want to be blackmailed one day because my boss can query the blockchain and knows I bought X. etc. etc. Currently 1mb blocks support like 3 million ppl who do tx 5 times a month. To get to 3 billion ppl using it like cash you'd need 10 gig blocks. You can see how that is not sustainable for becomign a full node. So, in the interest of pushing BCH forward I'd like to know what are the goals of privacy for BCH.
03-10 20:15 - 'Accidentally used BTC address for Litecoin Withdrawal' (self.Bitcoin) by /u/BigM97 removed from /r/Bitcoin within 43-53min
''' So I'm very inexperienced in using crypto but I was trying to withdraw funds from a site called BitSkins (You can only withdraw funds using crypto as other methods are unavailable right now). So I made a Coinbase account and chose to withdraw using Litecoin, however I accidentally requested a withdrawal for Litecoin but with a Bitcoin address as I pasted the incorrect address from the tools section. Have I lost the money here or is there any way the money will bounce back as the transaction wont go through? Just looking for an idea of whats happened here or anything I could do to potentially fix this issue. Like I said not experienced in using crypto so got zero idea as to what might happen or what to do now, any help would be much appreciated. ''' Accidentally used BTC address for Litecoin Withdrawal Go1dfish undelete link unreddit undelete link Author: BigM97
As the title says I thought it would be a good idea to send someone around $350 worth of bitcoin while at the bar Saturday night. AND I clearly thought it would be an even better idea to enter the address manually. Needless to say I sent the money to the wrong address so now I had to pay it twice and am now out over $700 instead of the original payment. Anyway to get my coin back or is it lost for good? I created a ticket with support but still haven’t heard anything back.
If you accidentally make a bitcoin withdrawal from one wallet to an invalid address, what happens to it?
So say if you were withdrawing bitcoin from one address and sending it to another, but you mistyped the bitcoin address or only copied half of it or just got it wrong or something, what would happen? Would the bitcoin just vanish into the ether or would it get rejected and the transaction cancelled?
I set up Wasabi the other day. Generated a number of rec addresses. Went to my exchange to make a withdrawal. When I try any of those rec addresses, I get a pop up stating the BTC address is invalid. Going through the posts here, I didn't see any other comments about this. Anyone else experience this?
Press Withdraw Bitcoin; Scan a QR code address or press Use Wallet Address to enter one manually; Confirm with your PIN or Touch ID; You must have a balance of at least 0.0001 bitcoin to make a withdrawal. You can withdraw up to $2,000 worth of bitcoin every 24 hours and up to $5,000 within any 7-day period. Transfers to external wallets ... How To Withdraw Bitcoin From Freebitco.in To My Bitcoin Wallet Account - Quora. Answered 23w ago Author has 305 answers and 132.1k answer views Get yourself a Bitcoin wallet and add the wallet address to your Free Bitcoin profile under CHANGE WITHDRAWAL ADDRESS. 1. In order to remove an address from the whitelist, first find the corresponding address in [Address Management], and then click the yellow star. Attention : when the address is removed from the whitelist, with the whitelist function enabled, your account will not be able to withdraw to this address. HOW TO WITHDRAW YOUR BITCOIN INTO YOUR BANK ACCOUNT. To withdraw Bitcoin into your bank account, you first need to convert the Bitcoin into Naira(from BTC wallet to NGN wallet). Follow the steps below: 1. Go to BTC wallet, under it, Click on sell. 2. Click on “for NGN”. 3. Enter the amount of Bitcoin in Naira or BTC you wish to sell. Click ... Bitcoin is a cryptocurrency and the cheapest, fastest, and most private way to get your winnings. Withdrawing funds is just as simple as making a deposit. Visit our instructional videos to get started. To get your winnings paid to your Bitcoin wallet, follow these steps: Open your Bitcoin Wallet and copy your Bitcoin Address; Login to your ...
Ways to hack Btc wallet and withdraw bitcoins - YouTube
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