Bitcoin Thread

Status
Not open for further replies.
A colleague who hasn't used their Bitstamp account often logged in today to find that crypto withdrawals have been disabled. Anyone seen something similar before?
 
Speedster said:
A colleague who hasn't used their Bitstamp account often logged in today to find that crypto withdrawals have been disabled. Anyone seen something similar before?
Click to expand...

Might be a security lock since he hasn't used the account in a long time. Lots of exchanges had old databases leaked years ago and bitstamp being so old might be affected also so hackers go through the databases to try login and extract crypto from these old inactive accounts.
 
Watching the activity on BTC/USD, it seems to me that bitcoin has "all growed up". It is now behaving like a real asset class, good or bad as that might be.
 
To add a bit to the previous, most other cryptos are still in the adolescent/Wild West phase of development/maturity with the possible exception of ETH. {BTW, I still don't know what ethereum would really be useful for to me personally. At least bitcoin is pretty straightforward.}
 
When Bitcoin gains mass institutional adoption, it will break the stock to flow model and begin to behave increasingly in line with equity markets.
 
Wary GOM said:
To add a bit to the previous, most other cryptos are still in the adolescent/Wild West phase of development/maturity with the possible exception of ETH. {BTW, I still don't know what ethereum would really be useful for to me personally. At least bitcoin is pretty straightforward.}
Click to expand...
Buying Ethereum is like buying plots of land in New York in the 1800s.
 
PseuDohNom said:
Buying Ethereum is like buying plots of land in New York in the 1800s.
Click to expand...
Hmmmm. That is a very interesting analogy to make. It certainly supports what I have read that ethereum is way more than another crypto trying to become a currency.
 
Started using AltcoinTrader and I noticed that there is no 2FA on withdrawals, just email confirmation. Does anyone else think that is a big risk? I was able to log in on 2 devices at the same time with the same 2fa code so in theory if there was a keylogger on my PC then someone would be able to log in at the same on another PC and then set off a withdrawal themselves if they have access to my email. There's no whitelisting of withdrawal address where 2fa is needed.
 
L10Yn said:
Started using AltcoinTrader and I noticed that there is no 2FA on withdrawals, just email confirmation. Does anyone else think that is a big risk? I was able to log in on 2 devices at the same time with the same 2fa code so in theory if there was a keylogger on my PC then someone would be able to log in at the same on another PC and then set off a withdrawal themselves if they have access to my email. There's no whitelisting of withdrawal address where 2fa is needed.
Click to expand...

Simple, dont use altcointrader.

The entire exchange volume is lower than some mediocre individual traders volume in a day. During any panic pump or dump you have far greater chance of getting screwed on the price to fill if you were to do market orders , slippage can be massive.
 
L10Yn said:
Started using AltcoinTrader and I noticed that there is no 2FA on withdrawals, just email confirmation. Does anyone else think that is a big risk? I was able to log in on 2 devices at the same time with the same 2fa code so in theory if there was a keylogger on my PC then someone would be able to log in at the same on another PC and then set off a withdrawal themselves if they have access to my email. There's no whitelisting of withdrawal address where 2fa is needed.
Click to expand...
Why on earth would you use them anyway?
 
I have dipped my toes into the crypto pool a while back but am absolutely still learning so that being said is VALR the better alternative locally? I know theres luno and I use it for what it has and also to convert and send to Exodus but as far as local exchanges go theres only really VALR and Altcointrader or is there anything else local that is a better alternative?
 
Sukkafool said:
I have dipped my toes into the crypto pool a while back but am absolutely still learning so that being said is VALR the better alternative locally? I know theres luno and I use it for what it has and also to convert and send to Exodus but as far as local exchanges go theres only really VALR and Altcointrader or is there anything else local that is a better alternative?
Click to expand...

If you want local, stick between Luno and VALR, the last thing you want is to go with a small exchange and have liquidity issues.

I’d rather recommend using an international exchange though. 1. Stuff SARS (Although technically they can eventually track you down but very unlikely) 2. The local exchange margins are quite high but on the flip side you will have currency conversion fees when buying in USD/EUR/GBP
 
Sukkafool said:
I have dipped my toes into the crypto pool a while back but am absolutely still learning so that being said is VALR the better alternative locally? I know theres luno and I use it for what it has and also to convert and send to Exodus but as far as local exchanges go theres only really VALR and Altcointrader or is there anything else local that is a better alternative?
Click to expand...
Binance FTW! I trust them more with my money than ABSA.
 
Sensorei said:
Binance FTW! I trust them more with my money than ABSA.
Click to expand...

Ditto. Plus I can withdraw from them.

Also enjoying swissborg as it supports BNB to transfer from Binance if necessary. And they also support withdrawals (I don’t use ZAR account but they do support it, just a rip off fee)
 
johnjm said:
Ditto. Plus I can withdraw from them.

Also enjoying swissborg as it supports BNB to transfer from Binance if necessary. And they also support withdrawals (I don’t use ZAR account but they do support it, just a rip off fee)
Click to expand...
What are their yield rates like? Are you farming with them and what tokens if so?
 
Status
Not open for further replies.
Back
Top
Sign up to the MyBroadband newsletter
X