I have a Ledger Nano S hardware wallet, but still am wondering what iOS wallet app would be recommended for storing a couple hundred dollars on? I know Bitpay isnt one you would want to store much on for a while, is Mycelium better since it has a recovery seed, or does it? /r/Bitcoin
I'm planning on buying some BTC today. I don't have a hardware wallet as of now and will be ordering one soon. I don't want to leave my BTC on the exchange so I think I should send them to a software wallet for the time being. I will be buying for a couple 100s$. However there are many phone wallet (I have a android) and i'm not sure which one to choose.
Bitcoin Wallet (only BTC thought)
What are your thoughts about it? Thank you in advance !
Recovering founds from a Trezor - PIN forgot and Seed lost
Hello everyone. As you can guess from the title, this is a sad story. A friend of mine purchased some Bitcoin few years ago and he was keeping them on Mycelium wallet on Android. I told him it's better to keep them on a hardware wallet and I suggested him to get a Trezor. Few years later he wants to sell some, goes to the browser app to only realize he forgot the PIN and the seed recovery phrase was lost, too. I think he didn't update his Trezor firmware for a long time so I was wondering if I can use one of those physical exploits to recover the seed from the device (such as this one https://medium.com/@Zero404Cool/trezor-security-glitches-reveal-your-private-keys-761eeab03ff8 which works on FW < 1.5.2 ). He tried several PINs before giving up and now the Trezor is asking to wait 16xxx seconds before next attempt can be made. I know the Trezor have a security "seed wipe" after several failed attempts so I told him to stop before that happens.
How can I confirm which Firmware is currently installed on the Trezor? From wallet.trezor.io I can't load the device settings because the Trezor is currently locked as explained above.
Anyone with deep knowledge of the Trezor wallet can help me with performing the exploit? I know there are few ways to extract the PIN/seed from the device but for a good reason none of them are made public.
I know it's hard to trust random people on the net, I could have stolen this device. But any help will be very appreciated. My friend is willing to pay a bounty if funds are succesfully recovered, which I would entirely donate to whoever can help with it.
List of bitcoin person-to-person (P2P) bitcoin exchanges (e.g., Bisq, HodlHodl, LocalCoinSwap, etc.)
Following is a list of P2P exchanges for trading Bitcoin. Common payment methods include bank transfer, cash deposited in the seller's bank account, in-person cash (face-to-face) trades as well as payment networks such as Zelle, Alipay, even Cash App and PayPal, for example. Any that I am missing?
Non-KYC options are listed below, but assuming you have a willing parent or guardian, here's an example of how that would work for a minor in the US via CashApp. Ensure your upfront with the parent or guardian as to what your doing.
Get a summer job with some source of direct deposit income.
Ask your legal guardian to help you open a "Youth Spending" checking account also called UTMA.
Ask for a debit card attached to the account.
Have your summer job paychecks direct deposited to the account.
Download the CashApp and link it to your phone number AND email.
Link the CashApp to your Youth Spending Debit card and checking account.
Attempt to transfer $25 from your debit card into your CashApp, assuming you have the money.
Ask your guardian to fill in their SSN when prompted.
Attempt to buy $20 in stock, ask your guardian to answer the questions.
Go to the Bitcoin section and click to enable bitcoin deposit and withdraw.
Ask your guardian to scan their license and take a selfie.
You can also apply for a CashCard which you can add to Google Pay, Android Pay, Garmin Pay, or whatever. Once all the verification are done (a day or two) you will be able to buy and sell US stocks and bitcoin in the app for a 2% fee. For all of these steps, questions about identity, name and address should all be answered as the guardian, not the minor. So the account name is in the name "Adult Smith" not "Minor Smith". Same with SSN and ID checks. You can choose to put your name on the face of the CashCard and Debit Card since this carries no legal weight. The accounts are all still legally in your parent's or guardian's name. For even lower fees you could ask your parents or guardians to KYC through Binance, Kraken, Gemini or Coinbase to link your checking account to a real exchange. For those with guardians or parents that would not agree to KYC for you, here are some non-KYC options, though the fees are much (much) higher than 2%.
Look at Lopp's ATM List. There may be some non-KYC ATMs near you, but they are rare.
Please remember that bitcon is easy to steal. Since minor's have limited standing in US courts, most exchanges don't want to deal with them. If you proceed there is a 100% chance that someone will try to scam you. Make sure you catch every scammer you encounter, or you will go broke fast. Source: Bitcoin for Kids
Looking for wallets (no matter which OS) that's let's you import or sweep paperwallets. I know mycelium and coinomi (both android) do. Are there more? Thanks in advance.
Edit: Thanks for all your answers. I put your answers in a little list below for everyone who's got the same question. I will update the list in case there will be more answers added. Again: Thank you all. Samurai Wallet Greenaddress Electrum CoPay Bitwallet Bitcoinwallet (Schildbach) Coinomi Mycelium Breadwallet Edge
You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments. The following videos are a good starting point for understanding how bitcoin works and a little about its long term potential:
Limited Supply - There will only ever be 21,000,000 bitcoins created and they are issued in a predictable fashion, you can view the inflation schedule here. Once they are all issued Bitcoin will be truly deflationary. The halving countdown can be found here.
Open source - Bitcoin code is fully auditable. You can read the source code yourself here.
Accountable - The public ledger is transparent, all transactions are seen by everyone.
Decentralized - Bitcoin is globally distributed across thousands of nodes with no single point of failure and as such can't be shut down similar to how Bittorrent works.
Censorship resistant - No one can prevent you from interacting with the bitcoin network and no one can censor, alter or block transactions that they disagree with, see Operation Chokepoint.
Push system - There are no chargebacks in bitcoin because only the person who owns the address where the bitcoins reside has the authority to move them.
Low fee - Transactions fees can vary between a few cents and a few dollars depending on network demand and how much priority you wish to assign to the transaction. Most wallets calculate the fee automatically but you can view current fees here.
Borderless - No country can stop it from going in/out, even in areas currently unserved by traditional banking as the ledger is globally distributed.
Some excellent writing on Bitcoin's value proposition and future can be found here. Bitcoin statistics can be found here, here and here. Developer resources can be found here and here. Peer-reviewed research papers can be found here. The number of times Bitcoin was declared dead by the media can be found here. Scaling resources here, and of course the whitepaper that started it all.
Where can I buy bitcoins?
BuyBitcoinWorldwide.com and Howtobuybitcoin.io are helpful sites for beginners. You can buy or sell any amount of bitcoin and there are several easy methods to purchase bitcoin with cash, credit card or bank transfer. Some of the more popular resources are below, also, check out the bitcoinity exchange resources for a larger list of options for purchases.
Here is a listing of local ATMs. If you would like your paycheck automatically converted to bitcoin use Cashila or Bitwage. Note: Bitcoins are valued at whatever market price people are willing to pay for them in balancing act of supply vs demand. Unlike traditional markets, bitcoin markets operate 24 hours per day, 365 days per year. Preev is a useful site that that shows how much various denominations of bitcoin are worth in different currencies. Alternatively you can just Google "1 bitcoin in (your local currency)".
Securing your bitcoins
With bitcoin you can "Be your own bank" and personally secure your bitcoins OR you can use third party companies aka "Bitcoin banks" which will hold the bitcoins for you.
If you prefer to "Be your own bank" and have direct control over your coins without having to use a trusted third party, there are many software wallet options here. If you want easy and secure storage without having to learn computer security best practices, then a hardware wallet such as the Trezor or Ledger is recommended. A more advanced option is to secure them yourself using paper wallets generated offline. Some popular mobile and desktop options are listed below and most are cross platform.
If you prefer to let third party "Bitcoin banks" manage your coins, try Coinbase or Xapo but be aware you may not be in control of your private keys in which case you would have to ask permission to access your funds and be exposed to third party risk.
Another interesting use case for physical storage/transfer is the Opendime. Opendime is a small USB stick that allows you to spend Bitcoin by physically passing it along so it's anonymous and tangible like cash. Note: For increased security, use Two Factor Authentication (2FA) everywhere it is offered, including email! 2FA requires a second confirmation code to access your account, usually from a text message or app, making it much harder for thieves to gain access. Google Authenticator and Authy are the two most popular 2FA services, download links are below. Make sure you create backups of your 2FA codes.
Mining bitcoins can be a fun learning experience, but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to folding at home. If you want to learn more about mining you can read more here. Still have mining questions? The crew at /BitcoinMining would be happy to help you out. If you want to contribute to the bitcoin network by hosting the blockchain and propagating transactions you can run a full node using this setup guide. Bitseed is an easy option for getting set up. You can view the global node distribution here.
Just like any other form of money, you can also earn bitcoins by being paid to do a job.
You can also earn bitcoins by participating as a market maker on JoinMarket by allowing users to perform CoinJoin transactions with your bitcoins for a small fee (requires you to already have some bitcoins)
The following is a short list of ongoing projects that might be worth taking a look at if you are interested in current development in the bitcoin space.
One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common subunits are listed below:
1,000 per bitcoin
SI unit for milli i.e. millilitre (mL) or millimetre (mm)
1,000,000 per bitcoin
SI unit for micro i.e microlitre (μL) or micrometre (μm)
1,000,000 per bitcoin
Colloquial "slang" term for microbitcoin
100,000,000 per bitcoin
Smallest unit in bitcoin, named after the inventor
For example, assuming an arbitrary exchange rate of $500 for one Bitcoin, a $10 meal would equal:
For more information check out the Bitcoin units wiki. Still have questions? Feel free to ask in the comments below or stick around for our weekly Mentor Monday thread. If you decide to post a question in /Bitcoin, please use the search bar to see if it has been answered before, and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community so please do not message them unless you notice problems with the functionality of the subreddit. A complete list of bitcoin related subreddits can be found here Note: This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification you can edit it here and it will be included in the next revision pending approval. Welcome to the Bitcoin community and the new decentralized economy!
Mycelium Wallet for Android v2.5 is finally out after a long long time in beta. Some major new features in this one!
Added support for the Ledger hardware wallet, including Ledger Nano and HW.1 via USB, and also Ledger-Unplugged.
Added support for Coinapult, a new account type which uses Coinapult Locks, allowing you to "lock" your Bitcoin value to USD. It works by simply transferring bitcoins in and out of your Coinapult account right from within the wallet (minimum required to lock is $1), and any coins transfered to that account will stay at the same USD value until they get pulled out.
Added support for many more Block Explorers (besides blockchain.info), which you can choose in Settings.
Added the option to copy input/output-amounts using LongClick in transaction details
Added support Bip73, which uses more compact QR codes for merchant payment requests
Wallet now shows fiat value for payment requests
Minor UI changes
[bugfix] Fix error in transaction history, if no fiat currency is selected
[bugfix] Enforce startup-pin on launch if starting wallet via LocalTrader notification
Ledger and Coinapult are our most exciting features this time. We hope that now that users are able to lock their account value to the value of USD, those who were worried about using Bitcoin due to high volatility (such as merchants in areas without access to BitPay type services) will now be willing to give Bitcoin a try. Who knows, maybe it'll finaly give some competition to MPesa. And Ledger adds a much more affordable option for those who wish to use a more secure dedicated hardware device for storing their Bitcoin savings. Also, don't forget, our European users can already send to SEPA accounts directly from within the walle, too, using Cashila. That feature isn't really obvious, since it only shows up if you register for a Cashila account, but let's you pay your bills or transfer money to friends and family right from your wallet. We also have some news (in case it was missed earlier). Mycelium managed to raise some funding, and is in the process of hiring developers: https://coinality.com/jobs/front-end-developer-android/https://coinality.com/jobs/front-end-developer-ios/ We recently hired a new backend developer, and senior developers for iOS and Android. I have moved from a Community Manager to a Product Manager for the wallet (I'll still be doing community managing though). And we also have some BIG changes planned for our wallet. Much of the wallet will be redesigned from scratch, and the main changes you will see are:
Switch to an open source Bitcoin library, and making our wallet completely open source.
Unified user experience across all platforms (Android, iOS, possibly others), which means everyone gets the same features at the same time (hardware permitting).
Brand new UI, which will greatly simplify use by making navigation much more intuitive, while also allowing us to easily expand the wallet with tons of new features.
Full support for SPV and custom user nodes.
Full dedication to implementing new core Bitcoin functions, like new BIPs, mixing services, stealth addresses, multisig addresses, time locked transactions, transaction channels, etc. (We always wanted to, but until now did not have enouch developers or time to dedicate to it).
Lots of new surprises we can't reveal yet, which we're sure everyone will love.
These changes won't come quickly, unfortunately, and we will keep updating our old wallet in the mean time, but we'll keep you updated on our progress. Direct download to our app here https://mycelium.com/bitcoinwallet
With the Mycelium Bitcoin Wallet you can send and receive Bitcoins using your mobile phone. — 100% control over your private keys, they never leave your device unless you export them. — No block chain download, install and run in seconds. — Ultra fast connection to the Bitcoin network through our s… The Default Bitcoin Wallet. TESTED BY HUNDREDS OF THOUSANDS OF USERS FOR MANY YEARS. No ALTERNATIVE HAS MORE STARS ON GOOGLE PLAY. Expect A Massive Upgrade. Mycelium Wallet is great for bitcoiners. We will make it useful for everybody. Not Leaving Mankind Overboard. Bitcoiners know: no matter how hard banks try, a good wallet is still better than any e-banking app. We feel we should invite the ... Es gibt natürlich verschiedene Hot-Wallets für iOS, aber eins sticht für uns heraus, nämlich das Mycelium Bitcoin-Wallet. Diese App ist einfach und kann schnell installiert werden. Wenn Sie einen Account mit der App erstellen, kriegen Sie wie bei vielen Wallets zunächst einen Recover-Seed, den Sie sicher aufbewahren sollten. Dieser Recovery-Seed besteht aus 12 Wörtern und sollte von ... MyCelium ist eine mobile Bitcoin-Wallet mit Versionen für Android und iOS.Es positioniert sich als "Standard" - am schnellsten und am einfachsten zu bedienen. MyCelium ist ein Projekt der Megion Research & Development GmbH, das eine Reihe von Produkten herstellt, darunter MyCelium Bitcoin Wallet, Entropy, Bitcoincard, MyCelium Gear (ein Zahlungsgateway), Geldautomaten, Local Trader und Tabtrader. With the Mycelium Bitcoin Wallet you can send and receive Bitcoins using your mobile phone. 100% control over your private keys, they never leave your device unless you export them.
I was making the #1 rookie mistake when it comes to Bitcoin, but today I finally fix it! Watch me explain how I move my bitcoin from Kraken.com to my freshly installed Mycelium iOS wallet. Video ... At Bitcoin Miami Summit, I get to meet Dmitry “Rassah” Murashchik who is the product manager at MyCelium. He answered many questions regarding future of MyCelium app & what can you expect. He ... There are also downloads for Linux and Apple OS. ... Sell Bitcoin Cash Get BCH from Mycelium Wallet ElectronCash.org Electron Cash Electrum Coinomi JAXX Faith Sloan. Category Education; Show more ... Sweeping a Bitcoin Paper Wallet with Mycelium Phone Wallet app - Duration: 2:38. Dash Infonode 35,145 views. 2:38 . 1177 BC: The Year Civilization Collapsed (Eric Cline, PhD) - Duration: 1:10:18 ... #mycelium #wallets #bitcoin #criptomonedas #cryptoargento Hola amigos hoy les dejo un video sobre la billetera Mycelium y su instalación y configuración, espero les guste y si es asi compartan y ...