Mycelium Review | Bitcoin Wallets | BitReview.com

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Mycelium Bitcoin Wallet Review

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Mycelium Wallet Review: All-In-One Mobile Bitcoin Wallet!

One of the safest wallets for mobile phones: Mycelium Wallet! Have you tried it?
Read it's full review: https://coinpedia.org/crypto-wallet/mycelium-wallet-review/
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Mycelium Wallet Review 7 Reasons to Store Your Bitcoins

Mycelium Wallet Review 7 Reasons to Store Your Bitcoins submitted by BitcoinAllBot to BitcoinAll [link] [comments]

App Review: Mycelium Bitcoin Wallet for Android (w/ Native Local Trading)

App Review: Mycelium Bitcoin Wallet for Android (w/ Native Local Trading) submitted by punkrampant to Bitcoin [link] [comments]

App Review: Mycelium Bitcoin Wallet for Android (w/ Native Local Trading)

App Review: Mycelium Bitcoin Wallet for Android (w/ Native Local Trading) submitted by punkrampant to CryptoCurrency [link] [comments]

SCAM Alert !!!! SIMPLEX.com is a fraud company. do not use them also under BUYEGLCOM

📷Bitcoin•Posted byu/muneer29082 years ago
Hello, Thank you for contacting Simplex Support. - this was before i even had a wallet created
Going over your transactions, it would seem that the BCH, you've purchased has already been transferred to your account.​You can see it listed to the address provided on the blockchain:https://www.blockchain.com/bch/address/bitcoincash:qpn.... If you do not see your funds in the wallet, please contact your wallet provider for further investigation.​ Please kindly be aware that since your payment was already approved and the cryptocurrency has already been sent, there is nothing we can do - once the cryptocurrency is sent, we have no more control over it and our part in the transaction is over. If you have any further questions, please reply to this email. All the best,DaveSimplex Support Team📷 For live updates 📷

SCAM Alert !!!! SIMPLEX.com is a fraud company.

📷
SCAM Alert !!!! SIMPLEX.com is a fraud company. Save yourself. Never use your credit card on any platform (e.g. bitcoin.com, changelly.com etc) that has partnered with simplex.com for credit card purchases. This is a 101% scam.
Never use your credit card to buy bitcoins from any platform who are partnered with simplex.com for processing of credit card payments. simplex.com is a scam to steal your hard earned money. they are crooks of ultimate order. save yourself from being scammed. you have been warned.
31 CommentsGive AwardShareSaveHideReport60% UpvotedThis thread is archivedNew comments cannot be posted and votes cannot be castSORT BYBestView discussions in 1 other communitylevel 1sagy19896 points· 2 years ago
i dont know guys what are you talking about !! i bought from them like 5 or 6 time with no problem , it was fast and i received all my btc within an hour , i only dont like the 7.5% fees they charge , but they still the cheapest btc seller i experienced
Give AwardShareReportSavelevel 2ChickfilaPlug1 point· 1 year ago
How long did it take to recieve your tokens
Give AwardShareReportSavelevel 3bablon791 point· 1 year ago
I was have good experience with SIMPLEX but one time I buy Bitcoin after 5 days I received email say you cancel my transaction And you will Refund my money back Within 42 hours I wait more than 5 days you never return my money back I called my bank to cancel transaction very bad service sorry Sarah ( go find you another job)
Give AwardShareReportSavelevel 1cyb3r_joe3 points· 2 years ago
Well I purchased btc from CoinGate/Simplex using a credit card and I am starting to regret. I thought it would be the "easiest way to buy btc with credit card" according to their website... So here's the process, they ask for your wallet address, then, all you credit card info, then a selfie of you holding the credit card, then they withdraw funds, and ask for more info like upload of image of you DL, as I was doing this the site crashed, but they withdrew the $$ from my bank account. I got one email from simplex stating--- basically they take your money without verifying!!! Like if you can't handle amount if transactions, DO NOT take peoples money. NOT COOL!!!
"Thank you for submitting your payment. It is currently being verified. Simplex payment ID: XXXX XXX XX X XXXX Please note the this verification process may take some time. We appreciate your patience, as we are fully committed to ensure you receive a quick response. So, what’s going on with your money now? Simplex is currently verifying your transaction. It is possible that you will notice a charge in your credit card account. This is only an authorization check, automatically made in order to reserve the amount in case the payment is approved. If the payment doesn't go through (cancelled, expired or failed), this authorization check will be voided in no more than 48 hours, and you will not see the charge in your account.
Give AwardShareReportSavelevel 2Comment deleted by user2 years agolevel 3cyb3r_joe1 point· 2 years ago
No, sorry to report that simplex has not yet delivered my coins, approved the transaction, or canceled the pending charge on my account
Give AwardShareReportSavelevel 4ChickfilaPlug1 point· 1 year ago
Did you ever recieve your coins or money back? Stumbling across this old post as I purchased 3 hours ago and haven't recieved my coins
Give AwardShareReportSavelevel 1SarahKinney3 points· 2 years ago
Hello,
My name is Sarah and I am the Head of Customer Relations at Simplex.
I understand your frustration and will do my best to help you out.
First I would like to assure you that Simplex is not a scam. We are a fully licensed financial institute in the EU, and take extreme measures to ensure the safety of all the transactions that are sent to us.
Kindly send me your transaction ID so I could take a closer look and handle the issue personally: [[email protected]](mailto:[email protected])
The transaction ID is the long string of numbers and letters that appear in any of the emails we sent you regarding your payment.
Sincerely,
Sarah Kinney Head of Customer Relations Simplex
Give AwardShareReportSavelevel 2iamchriswick2 points· 2 years ago
So, miss Kinney...
As you have failed to comply with the regulations of Norwegian law, and the vast amount of customer complaints towards you from our clients in Norway, we have decided to send out an red flag alert warning all our clients to stay away from using your services.
C.W. VISA Europe
Give AwardShareReportSavelevel 2sector801 point· 2 years ago
Please take a look at this transaction and tell me what is going on I never completed of verification and cancelled but funds were still taken please inform me what is going on if you are not a scammer?? Simplex payment ID: ebca70a7-801f-4706-b669-c305568be80d
Give AwardShareReportSavelevel 1paulsepolia3 points· 2 years ago
SCAM. They charged my credit card £1200 and never received the receipt and the bitcoins ...
Give AwardShareReportSavelevel 2Mk1spyder3 points· 2 years ago
TOTAL SCAM SIMPLEX IS RAPING EVERYONE I lost $1100 to them
Give AwardShareReportSavelevel 2TheBatGlitters3 points· 2 years ago
This happened to me... right now. My money is gone and there are no coins. I think I will be needing to contact my bank about this.
Give AwardShareReportSavelevel 1yusa243 points· 2 years ago
same thing happened to me can i cancel my bank transaction?
Give AwardShareReportSavelevel 1skyracer7772 points· 2 years ago
Simplex is 100% Scam I have exactly the same issue, exactly same replies from them, generic emails. 1 month after no resolution and my ticket deleted. Credit card charged no Crypto no $ returned. I have requested my bank to reverse transaction. What i think is going to happen is that Australian banks will start declining transactions to crypto wallets.
Other thing is i think we should punish this sort of fckrs We could start a class action lawsuit: https://www.consumer-action.org/lawsuits/
Give AwardShareReportSavelevel 1PrinceShootingStars2 points· 1 year ago
I saw this post as soon as I made €200 payment via Changelly and I was scared to death that I've lost money again. However, while I was here worrying and going through the post, little didi I know that an email had been sent to me that the verification was successful and that my BTC would be deposited into my wallet soon and voila, I checked my wallet and I found the BTC there. I'm talking about less than 20 minutes here guys, so you can't imagine my joy, it was as if somebody gave me money.
My take: Those that encountered problem could be due to the fact that they are mostly Non-European holders and that Simplex has problem linking well with USD cards, I live in Europe and they are European based company, so they might find it easier to integrate well with European SEPA cards (in my own case). It could also be that they had major transaction problems before which has now been resolved. All these are just my assumptions, so disregard anything that sounds like jargons t you.
Cheers.
Give AwardShareReportSavelevel 1crypto_master5001 point· 2 years ago
I had an experience where I tried to purchase 1 BTC from them in June and they charged my card but never delivered the BTC on Bitstamp. My credit card refunded the transaction.
Give AwardShareReportSavelevel 1raghav9861 point· 2 years ago
Yes it's a scam
My payment id's
Simplex payment ID: 8b2342a2-4884-4c38-834c-8712be2e93d6 Simplex payment ID: db4f5df7-de09-4d78-87e6-d7633aa99ed2
For one transaction of 750$ i didn't even received ID from them but money got deducted. They don't reply at all
My 2700$ stucked.
They guys removed my reviews from trust pilot and facebook.
check here i shared some screenshot as well
https://forum.bitcoin.com/scam-accusations/simplex-com-is-scam-stay-away-t61521.html
Give AwardShareReportSavelevel 1cyb3r_joe1 point· 2 years ago
This is Simplex CEO/ Founder
Nimrod Lehavi
https://www.facebook.com/nimrodlehavi
Give AwardShareReportSavelevel 1cryptosubba1 point· 2 years ago
I also purchased bitcoins from changelly.com on 13th. 12, 2017 using simplex.com and it is now 17th. and they have not refunded the amount that they had charged in full.
I have posted about it at: https://bitcointalk.org/index.php?topic=2595909.0
and
https://forums.boxmining.com/threads/is-changelly-com-and-simplex-com-fraud.427/#post-3229
Give AwardShareReportSavelevel 1Jmahumada1 point· 2 years ago
Credit card charged after payment request cancellation from Changelly
I wanted to exchange money from Changelly using my credit card, so I went through the process. I was taken to SIMPLEX API and entered my details; however I did not get to upload my picture holding the card for verification and decided to CANCEL the payment.
To my surprise, my money was WITHDRAWN from my account regardless. I've checked with my bank and they have confirmed this.
I emailed support 12 hours ago and still waiting for someone to have the kindness to reply.
I received a follow up URL when I emailed support, however it does not go anywhere. I am also not allowed to login or register using my Changelly email address AND on top of that social media login does not work either.
I am getting very anxious due to the large number of complaints, so I am wondering how long to wait for a payment reversal transaction before initiating a dispute through my bank; I did not buy any coins and ended up with a charge of $2,072.69 NZD on my credit card.
Payment cancellation email I received was as follows:
Dear xxxx, Your payment request from Changelly has been cancelled. You chose to cancel the payment. Simplex payment ID: aa16338a-a0e9-448d-b6f4-7e85bbfe0279 For more information, contact us at... or visit our FAQ section at simplex.com/ faq. Please do not try to reach Simplex's support using any other method (such as social media), as you might be mislead by imposters ...
Should I hear from Simplex I'll let you all know by posting here and I am more than happy to amend my rating; at this stage this is purely based on the support I've received from them, and of course the unhappiness of my credit card being charged without having purchased anything
I'll appreciate any feedback from guys. Cheers, Jose.
Give AwardShareReportSavelevel 1[deleted]1 point· 2 years ago
This happened to me as well.
Ordered bitcoins on 21 Dec 2017 Paid for bitcoins on 21 Dec 2017 ID provided on 21 Dec 2017 Bitcoin price crashed and recovered Order cancelled on 26 Dec 2017 Emailed Simplex support and payment support on 27 Dec 2017 - no response Emailed Simplex support and payment support on 28 Dec 2017 - no response Emailed Simplex support and payment support on 8 Jan 2017 - no response Emailed [email protected] on 9 Jan 2017 - waiting
ShareReportSavelevel 1Beetlemire1 point· 1 year ago
I've been going through this same scenario as everyone else here. Went through Mycelium to by bitcoin on the 10th of this month. Was sent to simplex for verification. Stayed in touch with their customer service and was told it could take 2 to 3 days. Had to send photo of license and everything else. Was planning on contacting them again tomorrow and then having cc charge back if nothing happened.
Well I just received an email that my payment was cancelled due to changes in BTC rate. I'm happy to report that my money has been returned to my card (i use a secured cc cause I was a fool in my younger days, not that much has changed). I just wanted to report this to give some of you hope. The last 2 days I've been stressful as hell. It was less then $100 but for me that's a lot of money to lose. Good luck to you all.
Give AwardShareReportSavelevel 2ChickfilaPlug1 point· 1 year ago
I recently just bought earlier today and am worried if I'll get my bitcoins or if I'm going to get scammed
Give AwardShareReportSavelevel 1deech0131 point· 1 year ago
I didn't do my due diligence, and never heard of SIMPLEX defrauding Bitcoin consumers. And so, I exchanged around a c-note into BTC through SIMPLEX.com on 02/21/2018, and the funds appeared in my Wallet within a few hours.... So maybe they don't scam everyone???
Give AwardShareReportSavelevel 1uclabruinfan751 point· 1 year ago
A more appropriate description for simplex would be money launderers. I have made over 10 debit card transactions with Simplex - the charges are authorized by my bank and then Simplex, for some inexplicable reason, will credit back my account for that exact amount with no explanation given. I have completed all the required verifications so simplex knows that the charge is being made from my debit card. basically money goes from my bank to simplex and simplex returns that exact amount to my bank.
Give AwardShareReportSavelevel 1[deleted]1 point· 1 year ago
Was going to make a small purchase earlier (~$100) but I wasn't aware they would require a photo of my ID. This isn't happening, no chance in hell. The "live chat" available on their site is fully automated, makes no difference what your question is you'll get standard pre determined responses. I've received an e-mail stating my transaction has been cancelled due to my not providing the proper ID - in the same e-mail it says my card should not have been changed yet, even though it already has. Be careful with this one, SCAM.
ShareReportSavelevel 1acmehash1 point· 1 year ago
I sent in almost 100 dollars. They of course wanted photos of my ID so of course I sent them. They immediately sent an email saying that they were not good enough quality try again. So I took pics of it again. Then 6 hours later then declined my payment and accused me of fraud, "called me a fraudster", but still charged my card.
Your payment request has been declined.
Please note that we do not disclose the reason for declined payments. This is because unfortunately we have seen these reasons being used by fraudsters to create fraudulent transactions.
For your reference:
Simplex payment ID: 1f577e5b-f128-4571-9573-2b18d1d32414
For any questions, please contact us by chat at simplex.com or email at [email protected]. Please do not try to reach Simplex's support using any other method (such as social media), as you might be misled by imposters. Please always refer to your Simplex ID when contacting support.
Please note that your credit card has NOT been charged. The funds have been placed on authorization hold in order to reserve the amount in case the payment was approved. Since your transaction has been declined, this authorization check will be voided. This typically takes the bank 48-72 business hours (not including Saturday or Sunday). Please let us know if you do not see the funds released after that time.
Sincerely,
The Simplex Team
This email was automatically generated so please do not reply to it.
Give AwardShareReportSavelevel 1Sooty171 point· 1 year ago
I am so disappointed with Simplex. I have bough ETH previously and all was fine. Now 18 days later and no sign of my 5+ ETH. I had to work out the problem - even though they confirm I bought ETH it was put on the Blockchain without the ETH code 0x!!!
Their response oh it will take some time to resolve on hitBTC - they sent the wrong message....which I had to identify!!!
Rating of 1
Give AwardShareReportSavelevel 1satoshiAfrica1 point· 1 year ago
This is discouraging. After creating an account on BTCC and undergoing a complex verification. i just landed on this post. Really difficult
Give AwardShareReportSavelevel 1Sooty171 point· 1 year ago
After 5 weeks chasing and chasing and chasing.
I have been scammed £3000 when I only wanted 1 x $1800 - do the maths.
When it didn't arrive I eventually was advised it was sent by "contract" by SIMPLEX which HITBTC "were not set up for" but it would arrive in my account. SIMPLEX are HITBTC's preferred agent but take no responsibility for delivery.
It would be applied to my wallet "manually". 4 weeks later I am finally advised....
Tonight I am advised that it has been applied to a wallet not related to my account.
Day after day I have chased politely .... after 5 weeks I lost out on EOS and have lost my £3000.
Give AwardShareReportSavelevel 1Sooty171 point· 1 year ago
Hi Guys,
Update for Sooty17. After 38 days and over 40 emails to Simplex and HITBTC I finally have my coins!
I seem to have finally gained traction through [[email protected]](mailto:[email protected]) though I have had so many explanations as to where the coins where I wont know anything conclusive.
Anyway happy to get my coins at last. And keep trying!
submitted by percylondon to Bitcoin [link] [comments]

Bitcoin Cash support expected in the next Mycelium release!

Bitcoin Cash support expected in the next Mycelium release! submitted by knight222 to btc [link] [comments]

How do I "summon" android wallet QR code?

I am trying to buy bitcoin with cash on bitcoin atm. The bitcoin atm requires me to scan QR code from the screen on my android smartphone.
If I understand this correctly, this QR code that should appear on my android btc wallet is the 30 symbol long address that is my digital wallet. I have Mycellium, Blockchain and "Bitcoin" android wallets but I dont know how to do it with any of them.
Yesterday I tried it with Blockchain wallet but I failed and when I got home and did further research it seems I need to send selfie and ID to real person who will review and approve me so I can use it. I read that this is needed becose the Blockchain wallet allows trading.
I dont want to trade, so I did quick google and I read Mycelium wallet allows usage without sending ID and selfies for approval. I have around 1 hour left to figure this out, please help me, how can I make this QR code appear so I can buy bitcoins?
I found this QR code thingy when trying things in Mycelium. There is this option "Export accound keys" in upper right corner. There is public and private key and three versions each = xpub, ypub and zpub... each one of the 6 different combinations shows different QR code on screen. This is that QR code that I need to use to buy bitcoin on atm? Should I use public or private key? Which of the 3 different versions should I use?
submitted by Modaphilio to BitcoinBeginners [link] [comments]

/r/Bitcoin FAQ - Newcomers please read

Welcome to the /Bitcoin Sticky FAQ

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:
For some more great introductory videos check out Andreas Antonopoulos's YouTube playlists, he is probably the best bitcoin educator out there today. Also have to give mention to James D'Angelo's Bitcoin 101 Blackboard series. Lots of additional video resources can be found at the videos wiki page or /BitcoinTV.
Key properties of bitcoin
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.
Bank Transfer Credit / Debit card Cash
Coinbase Coinbase LocalBitcoins
Gemini Bitstamp LibertyX
GDAX Bitit Mycelium LocalTrader
Bitstamp Cex.io BitQuick
Kraken CoinMama WallofCoins
Xapo BitcoinOTC
Cex.io
itBit
Bitit
Bitsquare
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.
Android iOs Desktop
Mycelium BreadWallet Electrum
CoPay AirBitz Armory
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.
Google Auth Authy
Android Android
iOS iOS

Where can I spend bitcoins?

A more comprehensive list can be found at the Trade FAQ but some more commons ones are below.
Store Product
Gyft Gift cards for hundreds of retailers including Amazon, Target, Walmart, Starbucks, Whole Foods, CVS, Lowes, Home Depot, iTunes, Best Buy, Sears, Kohls, eBay, GameStop, etc.
Steam, HumbleBundle, Games Planet, itch.io, g2g and kinguin For when you need to get your game on
Microsoft Xbox games, phone apps and software
Spendabit, The Bitcoin Shop, Overstock, DuoSearch, The Bitcoin Directory and BazaarBay Retail shopping with millions of results
ShakePay Generate one time use Visa cards in seconds
NewEgg and Dell For all your electronics needs
Cashila, Bitwa.la, Coinbills, Piixpay, Bitbill.eu, Bylls, Coins.ph, Bitrefill, Pey.de, LivingRoomofSatoshi, Hyphen.to, Coinsfer, GetPaidinBitcoin, Coins.co.th, More #1, #2 Bill payment
Foodler, Menufy, Takeaway, Thuisbezorgd NL, Pizza For Coins Takeout delivered to your door!
Expedia, Cheapair, Lot, Destinia, BTCTrip, Abitsky, SkyTours, Fluege the Travel category on Gyft and 9flats For when you need to get away
BoltVM, BitHost VPS service
Cryptostorm, Mullvad, and PIA VPN services
Namecheap, Porkbun For new domain name registration
Stampnik and GetUSPS Discounted USPS Priority, Express, First-Class mail postage
Reddit Gold Premium membership which can be gifted to others
Coinmap, 99Bitcoins and AirBitz are helpful to find local businesses accepting bitcoins. A good resource for UK residents is at wheretospendbitcoins.co.uk.
There are also lots of charities which accept bitcoin donations, such as Wikipedia, Red Cross, Amnesty International, United Way, ACLU and the EFF. You can find a longer list here.

Merchant Resources

There are several benefits to accepting bitcoin as a payment option if you are a merchant;
If you are interested in accepting bitcoin as a payment method, there are several options available;

Can I mine bitcoin?

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.

Earning bitcoins

Just like any other form of money, you can also earn bitcoins by being paid to do a job.
Site Description
WorkingForBitcoins, Bitwage, XBTfreelancer, Cryptogrind, Bitlancerr, Coinality, Bitgigs, /Jobs4Bitcoins, Rein Project Freelancing
OpenBazaar, Purse.io, Bitify, /Bitmarket, 21 Market Marketplaces
Watchmybit, Streamium.io, OTika.tv, XOtika.tv NSFW, /GirlsGoneBitcoin NSFW Video Streaming
Bitasker, BitforTip, WillPayCoin Tasks
Supload.com, SatoshiBox, JoyStream, File Army File/Image Sharing
CoinAd, A-ads, Coinzilla.io Advertising
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)

Bitcoin Projects

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.
Project Description
Lightning Network, Amiko Pay, and Strawpay Payment channels for network scaling
Blockstream and Drivechain Sidechains
21, Inc. Open source library for the machine payable web
ShapeShift.io Trade between bitcoins and altcoins easily
Open Transactions, Counterparty, Omni, Open Assets, Symbiont and Chain Financial asset platforms
Hivemind and Augur Prediction markets
Mirror Smart contracts
Mediachain Decentralized media library
Tierion and Factom Records & Titles on the blockchain
BitMarkets, DropZone, Beaver and Open Bazaar Decentralized markets
Samourai and Dark Wallet - abandoned Privacy-enhancing wallets
JoinMarket CoinJoin implementation (Increase privacy and/or Earn interest on bitcoin holdings)
Coinffeine and Bitsquare Decentralized bitcoin exchanges
Keybase and Bitrated Identity & Reputation management
Bitmesh and Telehash Mesh networking
JoyStream BitTorrent client with paid seeding
MORPHiS Decentralized, encrypted internet
Storj and Sia Decentralized file storage
Streamium and Faradam Pay in real time for on-demand services
Abra Global P2P money transmitter network
bitSIM PIN secure hardware token between SIM & Phone
Identifi Decentralized address book w/ ratings system
Coinometrics Institutional-level Bitcoin Data & Research
Blocktrail and BitGo Multisig bitcoin API
Bitcore Open source Bitcoin javascript library
Insight Open source blockchain API
Leet Kill your friends and take their money ;)

Bitcoin Units

One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common subunits are listed below:
Unit Symbol Value Info
millibitcoin mBTC 1,000 per bitcoin SI unit for milli i.e. millilitre (mL) or millimetre (mm)
microbitcoin μBTC 1,000,000 per bitcoin SI unit for micro i.e microlitre (μL) or micrometre (μm)
bit bit 1,000,000 per bitcoin Colloquial "slang" term for microbitcoin
satoshi sat 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!
submitted by BinaryResult to Bitcoin [link] [comments]

Beginner's Guide to Trading Crypto. Part 11

Beginner's Guide to Trading Crypto. Part 11

Money Loves Security And So Do Cryptos: A Brief Guide Down Crypto Wallet Lane

Since time immemorial people have been keeping their money and valuables in safe places. Be they purses, clay pots full of coins buried in their backyards or treasure chests hidden in caves with piles of bones strewn around to keep unwanted visitors at bay, they means conceived for safekeeping hoarded valuables are just as creative as they are limitless.
The advent of cryptocurrencies as a new class of valuables and assets instantly spawned the need to keep them safe from the clammy hands of criminals. The logical solution was to develop wallets that would be used to keep cryptos safe. As a result, a multitude of wallets have emerged offering all kinds of added services to their users while remaining means of storage at heart.
There is a huge variety of wallets available: Coinomi, GreenAddress, Blockchain.info, Atomic, Exodus, Jaxx, Electrum, Copay, Bread, Airbitz, Armory, Mycelium, Blockchain Wallet and dozens of others, each offering their services to suit any taste.
https://preview.redd.it/tai1ax5q3u341.jpg?width=1200&format=pjpg&auto=webp&s=0a33622327c7e52eea02e77f7c843423e6aeba12

Types Of Wallets

There are several types of wallets available to users and everyone must decide for themselves which one suits their needs best.
Hardware wallets: These are the most secure and reliable wallets available, since they are not connected to the internet at all. Hardware wallets are like flash memory cards that store the user’s cryptocurrencies and access offline. A bright example is the Trezor wallet, which is deemed to be impermeable to hackers. Unless the user loses the device itself, it is safe to assume that the cryptos will stay on it indefinitely and no one will ever gain access to them.
Online, Web or Hot wallets: These are online services, or online wallets that offer to store the user’s cryptos online with direct access to the internet at any time. In essence, online wallets are online accounts in which users store their funds. The risks are very high, since exchange wallets are routinely being hacked and the cryptos stored therein stolen.
Desktop wallets: Desktop wallets are software programs that can be downloaded and installed on a PC and will only be accessible from the device they were downloaded onto. The risks are the same as with hot wallets and another added inconvenience is that loss of the device or loss of access to it means loss of all cryptos stored on it.
Mobile wallets: Mobile wallets are software programs that can be downloaded onto a mobile device, such as a phone or a tablet. There are wallets for Android and iPhones and all of them bear even greater risks than hot wallets. Since mobile devices are susceptible to theft and a variety of viruses, it is extremely risky to store cryptos on them. Though access to the cryptos without private keys is impossible, unless the user stores them on the device, loss of all cryptos with the mobile device is guaranteed.
Paper wallets: Paper wallets are offline cold storage for cryptocurrencies. This is by far the safest means of storing cryptos, which includes printing the public and private keys on a piece of paper and storing it in a safe place. The keys are printed in the form of QR codes for convenience. With paper wallets, the user has complete control over their funds and the only risk lies in losing the piece of paper with the keys.
Other types of wallets: Apart from the five main types of wallets, there were attempts at creating other types of services, such as atomic wallets using atomic swap technology and even combinations of mobile/hot/cold wallets. Despite limited success, hybrids models of wallets did not become popular.

Main Pros And Cons

When looking at wallets and their main advantages and disadvantages, it is easiest to speak of the division between cold and hot wallets.
When speaking of cold wallets, such as the Trezor Bitcoin wallet and Ledger Nano S or X, the same issue will be observed, and that is the fact that such wallets can be physically lost. Though anyone who ever finds them will never be able to gain access to the stored cryptos without the private keys (unless they are pasted on the device), loss of all cryptos on the device is guaranteed. In addition, cold wallets can be difficult to install and are inconvenient for frequent use.
https://preview.redd.it/ff2dukdx3u341.png?width=1021&format=png&auto=webp&s=f36cdc26b13f33433c5124f5e5a67c0e40f9dbf4
Hot wallets are far more susceptible to risk than their cold counterparts. Though hot storage is much faster and convenient with a wide variety of options from Coinbase to Blockchain.info, the risk of cybercrime runs high. Mobile or desktop storage is also considered to be hot storage and is also risky, if the device is damaged or destroyed.

Bitcoin Problems

Bitcoin, as the firstborn cryptocurrency, was born with a number of defects. One of the main problems of the king of cryptos is the yet unsolved scalability problem. This refers to the limit on the amount of transactions the Bitcoin network can process due to the limited size of and frequency of blocks in the Bitcoin blockchain.
Said problem poses some difficulties to all Bitcoin users and leads to what is known as backlog in the blockchain. The backlog leads to long queues of transactions in the system. With the average transaction time in the Bitcoin blockchain being around 7 transactions per second and the theoretical maximum standing at 27, it is not difficult to understand how long users of the blockchain have to wait for their transactions to pass in times of heightened demand – the time is in the hours and sometimes even days.

Bitcoin Wallets Review

Since Bitcoin is the most popular cryptocurrency on the market, it is logical to judge wallets by their support of the first cryptocurrency. As such, the following will be a brief review of some of the best and most popular Bitcoin wallets on the market.
Online Bitcoin Wallets
Online or web wallets are the most popular ones out there and the best Bitcoin wallet overall is widely considered to be Blockchain.info, which is easily accessible and convenient for everyday use with good security. As an anonymous Bitcoin wallet, Coinbase follows in the lead with its ability to store a multitude of various coins, but with the same security risks that are inherent to all hot wallets.
Android Bitcoin Wallets
Android is the most popular mobile system in the world and plays host to a number of good mobile wallets. The best Android Bitcoin wallet is widely considered to be the Electrum Bitcoin wallet with its excellent reputation, good security and convenience. Though Electrum has some occasional glitches, they are never critical. Another excellent wallet for Android is the Coinomi wallet with its support for a wide variety of cryptos and excellent user support, which even allows for restore options using special phrases. Coinomi has its issues as well, such as occasional exchange glitches, but the many pros outweigh the cons.
Bitcoin Hardware Wallets
The undisputed leaders as the best hardware wallets for Bitcoin are Ledger Nano X and S, Trezor T and Trezor One, and Keepkey. Bitcoin hardware wallets are comparable in their security, accessibility and usability. The difference is mainly in the price, which ranges from $165 for Trzeor T to $59 for the Ledger Nano S model. In fact, the Ledger Bitcoin wallet is often called the king of hardware wallets. The KeepKey Bitcoin wallet is the in the top three hardware wallets as a convenient and stylish device. Though KeepKey supports over 40 assets, it still lacks coin support.
Bitcoin Wallets For iPhone
iPhone’s iOS system is the second most popular for mobile devices in the world and has support for some good wallets as well. The best iOS Bitcoin wallet for iPhone is considered to be the Abra software, which offers credit card support for topping up crypto balances and a good user interface, which is even more oriented at exchanges. The next software is Edge, formerly known as Airbitz. The Edge wallet is best known for high security and good user-friendliness along with multi-currency support.
Bitcoin Wallets For Windows
Bitcoin wallets for PC are very popular and Windows is leading the way with some excellent offers for wallets. Atomic is by far the most advanced and the best option for Windows users as it offers Atomic swaps technology as its basis. The application offers a wide variety of operations and supports over 300 cryptocurrencies. Exodus is the second most popular choice as a desktop only wallet with support for Bitcoin and many other altcoins. Exodus offers its users a good interface and it is free for use.
Bitcoin Wallets For Mac
Since Atomic and Exodus are cross-platform wallets, they can be used on Windows and Mac. Apart from them, there are also Jaxx and Electrum, which can be used on Mac. Jaxx is a multi-currency wallet with support for around 40 cryptos and has a PIN feature. In addition, Jaxx is free for use. Electrum is one of the oldest desktop wallets and is a lightweight wallet that does not require the full blockchain to operate, meaning less storage needed for its operation. The wallet requires a PIN and is essentially a desktop bank with good security and usability. Electrum is also a Bitcoin wallet for iPad, since it can be used on mobile platforms.
Bitcoin Paper Wallet
Since storing cryptos online on exchange or hot wallets or even on devices is risky, it is oftentimes more convenient to use a simple printer to print out the keys and store them. BitAddress offers a convenient and easy to use, step by step guide to creating a paper wallet with the added benefit of sleeping in peace, known that nothing and no one will ever threaten your Bitcoins.
https://preview.redd.it/bh7wi0d64u341.png?width=600&format=png&auto=webp&s=9f7fbd269eea43ac3b8897ad470553ba8b3c730d

Checklist

When embarking on the journey of creating your first wallet, think well of which type to use. The type will depend on the priorities that stand before the user. If security is paramount, then paper or cold storage wallets are the go-to solution. If frequency of use is the name of the day, then hot wallets and their inherent risks are the best way to go.
The most frequent questions related to wallets are how to add money to a Bitcoin wallet and how to set up a Bitcoin wallet. Both questions have no single answer, as each wallet offers its own instructions on how to top up balances and how to set them up. Therefore it is recommended to study all instructions carefully prior to operation.
Either way, there is no silver bullet and some features will have to be sacrificed in deciding how to store cryptocurrencies. The one thing that is constant is the need to store Bitcoins and cryptos and make use of them.

Check us out at https://moontrader.io
Facebook: https://www.facebook.com/MoonTraderPlatform
Twitter: https://twitter.com/MoonTrader_io
LinkedIn: https://www.linkedin.com/company/19203733
Reddit: https://www.reddit.com/Moontrader_official/
Telegram: https://t.me/moontrader_news_en

Originally posted on our blog.
submitted by MoonTrader_io to Moontrader_official [link] [comments]

/r/Bitcoin FAQ - Newcomers please read

Welcome to the /Bitcoin Sticky FAQ

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.
Some great introductions for new users are My first bitcoin, Bitcoin explained and ELI5 Bitcoin. Also, the following videos are a good starting point for understanding how bitcoin works and a little about its long term potential:
Also have to give mention to Lopp.net, the Princeton crypto series and James D'Angelo's Bitcoin 101 Blackboard series. Some excellent writing on Bitcoin's value proposition and future can be found at the Satoshi Nakamoto Institute. Bitcoin statistics can be found here, here and here. Developer resources can be found here, here and here. Peer-reviewed research papers can be found here. Potential upcoming protocol improvements here. Scaling resources here. The number of times Bitcoin was declared dead by the media can be found here (LOL!), and of course Satoshi Nakamoto's whitepaper that started it all! :)
Key properties of bitcoin

Where can I buy bitcoins?

Bitcoin.org, 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.
Bank Transfer Credit / Debit card Cash
Gemini Bitstamp LocalBitcoins
Bitstamp Bitit Mycelium LocalTrader
BitFinex Cex.io LibertyX
Cex.io CoinMama WallofCoins
Xapo Spectrocoin BitcoinOTC
Kraken Luno BitQuick
itBit
HitBTC
Bitit
Bisq (decentralized)
Luno
Spectrocoin
Here is a listing of local ATMs. If you would like your paycheck automatically converted to bitcoin use 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.
Android iOs Desktop
Samouari BreadWallet Electrum
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.
Google Auth Authy
Android Android
iOS iOS

Where can I spend bitcoins?

Check out spendabit or bitcoin directory for some good options, some of the more commons ones are listed below.
Store Product
Gyft Gift cards for hundreds of retailers including Amazon, Target, Walmart, Starbucks, Whole Foods, CVS, Lowes, Home Depot, iTunes, Best Buy, Sears, Kohls, eBay, GameStop, etc.
Steam, HumbleBundle, Games Planet, itch.io, g2g and kinguin For when you need to get your game on
Microsoft Xbox games, phone apps and software
Spendabit, Overstock, The Bitcoin Directory and BazaarBay Retail shopping with millions of results
ShakePay Generate one time use Visa cards in seconds
NewEgg and Dell For all your electronics needs
Bitwa.la, Coinbills, Piixpay, Bitbill.eu, Bylls, Coins.ph, Bitrefill, LivingRoomofSatoshi, Hyphen.to, Coinsfer, More #1, #2 Bill payment
Menufy, Takeaway, Thuisbezorgd NL, Pizza For Coins Takeout delivered to your door!
Expedia, Cheapair, Lot, Destinia, BTCTrip, Abitsky, SkyTours, Fluege the Travel category on Gyft and 9flats For when you need to get away
BitHost VPS service
Cryptostorm, Mullvad, and PIA VPN services
Namecheap, Porkbun For new domain name registration
Stampnik Discounted USPS Priority, Express, First-Class mail postage
Reddit Gold Premium membership which can be gifted to others
Coinmap and AirBitz are helpful to find local businesses accepting bitcoins. A good resource for UK residents is at wheretospendbitcoins.co.uk.
There are also lots of charities which accept bitcoin donations, such as Wikipedia, United Way, ACLU and the EFF. You can find a longer list here.

Merchant Resources

There are several benefits to accepting bitcoin as a payment option if you are a merchant;
If you are interested in accepting bitcoin as a payment method, there are several options available;

Can I mine bitcoin?

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.

Earning bitcoins

Just like any other form of money, you can also earn bitcoins by being paid to do a job.
Site Description
WorkingForBitcoins, Bitwage, XBTfreelancer, Cryptogrind, Bitlancerr, Coinality, Bitgigs, /Jobs4Bitcoins, Rein Project Freelancing
OpenBazaar, Purse.io, Bitify, /Bitmarket, 21 Market Marketplaces
Streamium.io, XOtika.tv NSFW, /GirlsGoneBitcoin NSFW Video Streaming
Bitasker, BitforTip Tasks
Supload.com, SatoshiBox, JoyStream, File Army File/Image Sharing
CoinAd, A-ads, Coinzilla.io Advertising
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)

Bitcoin Projects

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.
Project Description
Lightning Network, Amiko Pay, and Strawpay Payment channels for network scaling
Blockstream, Rootstock and Drivechain Sidechains
21, Inc. Open source library for the machine payable web
ShapeShift.io Trade between bitcoins and altcoins easily
Open Transactions, Counterparty, Omni, Open Assets, Symbiont and Chain Financial asset platforms
Hivemind and Augur Prediction markets
Mediachain Decentralized media library
Tierion and Factom Records & Titles on the blockchain
BitMarkets, DropZone, Beaver and Open Bazaar Decentralized markets
Samourai and Dark Wallet - abandoned Privacy-enhancing wallets
JoinMarket CoinJoin implementation (Increase privacy and/or Earn interest on bitcoin holdings)
Coinffeine and Bisq Decentralized bitcoin exchanges
Keybase and Bitrated Identity & Reputation management
Telehash Mesh networking
JoyStream BitTorrent client with paid seeding
MORPHiS Decentralized, encrypted internet
Storj and Sia Decentralized file storage
Streamium Pay in real time for on-demand services
Abra Global P2P money transmitter network
bitSIM PIN secure hardware token between SIM & Phone
Identifi Decentralized address book w/ ratings system
BitGo Multisig bitcoin API
Bitcore Open source Bitcoin javascript library
Insight Open source blockchain API
Leet Kill your friends and take their money ;)

Bitcoin Units

One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common subunits are listed below:
Unit Symbol Value Info
millibitcoin mBTC 1,000 per bitcoin SI unit for milli i.e. millilitre (mL) or millimetre (mm)
microbitcoin μBTC 1,000,000 per bitcoin SI unit for micro i.e microlitre (μL) or micrometre (μm)
bit bit 1,000,000 per bitcoin Colloquial "slang" term for microbitcoin
satoshi sat 100,000,000 per bitcoin Smallest unit in bitcoin, named after the inventor
For example, assuming an arbitrary exchange rate of $10000 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!
submitted by BinaryResult to Bitcoin [link] [comments]

Mycelium bitcoins disappeared

I sent my bitcoins to mycelium, they got there fine. I sent them to another wallet and they never reached the destination. I used QR codes so there's no way the address was wrong. I cannot view my transaction history because the app hasn't been updated in two years. Either it's a simple system error or they're stealing money. I looked at the recent reviews for the wallet and I'm not the first. Anyone else experience this? Any way to acquire my lost bitcoin?
submitted by Daevir to Bitcoin [link] [comments]

The 6 Best Bitcoin Wallets

We've reviewed the 6 best Bitcoin wallets for mobile, desktop and online storage. Best hardware wallet reviews are also added for your convenience.
#exodus #jaxx #edge #greenaddress #electrum #mycelium #trezor #ledger
https://wunderbit.co/en/blog/the-6-best-bitcoin-wallets-for-mobile-desktop-and-online-storage
submitted by wunderbit_co to Bitcoin [link] [comments]

/r/Bitcoin FAQ - Newcomers please read

Welcome to the /Bitcoin Sticky FAQ

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:
For lots of additional video resources check out the videos wiki page or /BitcoinTV.
Key properties of bitcoin
Some excellent writing on Bitcoin's value proposition and future can be found here. Bitcoin statistics can be found 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 is a very helpful site 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.
Bank Transfer Credit / Debit card Cash
Coinbase Coinbase LocalBitcoins
Gemini Bitstamp LibertyX
GDAX Bitit Mycelium LocalTrader
Bitstamp Cex.io BitQuick
Kraken CoinMama WallofCoins
Xapo BitcoinOTC
Cex.io
itBit
Bitit
Bitsquare
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.
Android iOs Desktop
Mycelium BreadWallet Electrum
CoPay AirBitz Armory
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.
Google Auth Authy
Android Android
iOS iOS

Where can I spend bitcoins?

A more comprehensive list can be found at the Trade FAQ but some more commons ones are below.
Store Product
Gyft Gift cards for hundreds of retailers including Amazon, Target, Walmart, Starbucks, Whole Foods, CVS, Lowes, Home Depot, iTunes, Best Buy, Sears, Kohls, eBay, GameStop, etc.
Steam, HumbleBundle, GreenmanGaming, and Coinplay.io For when you need to get your game on
Microsoft Xbox games, phone apps and software
Spendabit, The Bitcoin Shop, Overstock, Rakuten, DuoSearch, The Bitcoin Directory and BazaarBay Retail shopping with millions of results
ShakePay Generate one time use Visa cards in seconds
NewEgg, TigerDirect and Dell For all your electronics needs
Cashila, Bitwa.la, Coinbills, Piixpay, Bitbill.eu, Bylls, Coins.ph, Bitrefill, Pey.de, LivingRoomofSatoshi, Hyphen.to, Coinsfer, GetPaidinBitcoin, Coins.co.th, More #1, #2 Bill payment
Foodler, Takeaway, Thuisbezorgd NL, Pizza For Coins Takeout delivered to your door!
Expedia, Cheapair, Lot, Destinia, BTCTrip, Abitsky, SkyTours, Fluege the Travel category on Gyft and 9flats For when you need to get away
BoltVM, BitHost VPS service
Cryptostorm, Mullvad, and PIA VPN services
Namecheap For new domain name registration
Stampnik and GetUSPS Discounted USPS Priority, Express, First-Class mail postage
Reddit Gold Premium membership which can be gifted to others
Coinmap, 99Bitcoins and AirBitz are helpful to find local businesses accepting bitcoins. A good resource for UK residents is at wheretospendbitcoins.co.uk.
There are also lots of charities which accept bitcoin donations, such as Wikipedia, Red Cross, Amnesty International, United Way, ACLU and the EFF. You can find a longer list here.

Merchant Resources

There are several benefits to accepting bitcoin as a payment option if you are a merchant;
If you are interested in accepting bitcoin as a payment method, there are several options available;

Can I mine bitcoin?

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.

Earning bitcoins

Just like any other form of money, you can also earn bitcoins by being paid to do a job.
Site Description
Bitwage, XBTfreelancer, Cryptogrind, Bitlancerr, Coinality, Bitgigs, /Jobs4Bitcoins, Rein Project Freelancing
OpenBazaar, Purse.io, Bitify, /Bitmarket, 21 Market Marketplaces
Watchmybit, Streamium.io, OTika.tv, XOtika.tv NSFW, /GirlsGoneBitcoin NSFW Video Streaming
Bitasker, BitforTip, WillPayCoin Tasks
Supload.com, SatoshiBox, JoyStream, File Army File/Image Sharing
CoinAd, A-ads, Coinzilla.io Advertising
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)

Bitcoin Projects

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.
Project Description
Lightning Network, Amiko Pay, and Strawpay Payment channels for network scaling
Blockstream and Drivechain Sidechains
21, Inc. Open source library for the machine payable web
ShapeShift.io Trade between bitcoins and altcoins easily
Open Transactions, Counterparty, Omni, Open Assets, Symbiont and Chain Financial asset platforms
Hivemind and Augur Prediction markets
Mirror Smart contracts
Mediachain Decentralized media library
Tierion and Factom Records & Titles on the blockchain
BitMarkets, DropZone, Beaver and Open Bazaar Decentralized markets
Samourai and Dark Wallet - abandoned Privacy-enhancing wallets
JoinMarket CoinJoin implementation (Increase privacy and/or Earn interest on bitcoin holdings)
Coinffeine and Bitsquare Decentralized bitcoin exchanges
Keybase and Bitrated Identity & Reputation management
Bitmesh and Telehash Mesh networking
JoyStream BitTorrent client with paid seeding
MORPHiS Decentralized, encrypted internet
Storj and Sia Decentralized file storage
Streamium and Faradam Pay in real time for on-demand services
Abra Global P2P money transmitter network
bitSIM PIN secure hardware token between SIM & Phone
Identifi Decentralized address book w/ ratings system
Coinometrics Institutional-level Bitcoin Data & Research
Blocktrail and BitGo Multisig bitcoin API
Bitcore Open source Bitcoin javascript library
Insight Open source blockchain API
Leet Kill your friends and take their money ;)

Bitcoin Units

One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common subunits are listed below:
Unit Symbol Value Info
millibitcoin mBTC 1,000 per bitcoin SI unit for milli i.e. millilitre (mL) or millimetre (mm)
microbitcoin μBTC 1,000,000 per bitcoin SI unit for micro i.e microlitre (μL) or micrometre (μm)
bit bit 1,000,000 per bitcoin Colloquial "slang" term for microbitcoin
satoshi sat 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!
submitted by BinaryResult to Bitcoin [link] [comments]

BitPay App should be the de facto wallet suggestion for new users

We have new users coming to bitcoin all the time - users who are not yet technically savvy with bitcoin but want to have somewhere secure to store some coins.
I see a plethora of suggestions for wallets ranging from Mycelium, Electrum, Coinbase, Jaxx etc, but BitPay is the clear winner when someone new asks what they should use for their first coins:
1) You control your own funds
2) It gets the basic, important functionality right
3) It has a very simple and clean UI
4) It is available on all platforms
5) It is open source
6) BitPay are one of the earliest bitcoin companies, and have an excellent development team supporting the wallet
Check it out: https://bitpay.com/wallet
submitted by htrgrtr to Bitcoin [link] [comments]

/r/Bitcoin FAQ - Newcomers please read

Welcome to the /Bitcoin Sticky FAQ

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:
For lots of additional video resources check out the videos wiki page or /BitcoinTV.
Key properties of bitcoin
Some excellent writing on Bitcoin's value proposition and future can be found here. Bitcoin statistics can be found here and here. Developer resources can be found here and here. Peer-reviewed research papers can be found here. Scaling resources here, and of course the whitepaper that started it all.

Where can I buy bitcoins?

BuyBitcoinWorldwide.com is a very helpful site 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.
Bank Transfer / Credit card Cash
Coinbase LocalBitcoins
Gemini LibertyX
GDAX Mycelium LocalTrader
Poloniex BitQuick
Bitstamp WallofCoins
Kraken BitcoinOTC
Xapo
SnapCard
Cex.io
itBit
Bitit
Bitsquare
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.
Android iOs Desktop
Mycelium BreadWallet Electrum
CoPay AirBitz Armory
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.
Google Auth Authy
Android Android
iOS iOS

Where can I spend bitcoins?

A more comprehensive list can be found at the Trade FAQ but some more commons ones are below.
Store Product
Gyft Gift cards for hundreds of retailers including Amazon, Target, Walmart, Starbucks, Whole Foods, CVS, Lowes, Home Depot, iTunes, Best Buy, Sears, Kohls, eBay, GameStop, etc.
Steam, HumbleBundle, GreenmanGaming, and Coinplay.io For when you need to get your game on
Microsoft Xbox games, phone apps and software
Spendabit, The Bitcoin Shop, Overstock, Rakuten, DuoSearch, The Bitcoin Directory and BazaarBay Retail shopping with millions of results
ShakePay Generate one time use Visa cards in seconds
NewEgg, TigerDirect and Dell For all your electronics needs
Cashila, Bitwa.la, Coinbills, Piixpay, Bitbill.eu, Bylls, Coins.ph, Bitrefill, Pey.de, LivingRoomofSatoshi, Wagepoint, Hyphen.to, Coinsfer, GetPaidinBitcoin, Coins.co.th, More Bill payment
Foodler, Takeaway, Thuisbezorgd NL, Pizza For Coins Takeout delivered to your door!
Expedia, Cheapair, Lot, Destinia, BTCTrip, Abitsky, SkyTours, Fluege the Travel category on Gyft and 9flats For when you need to get away
BoltVM, BitHost VPS service
Cryptostorm, Mullvad, and PIA VPN services
Namecheap For new domain name registration
Stampnik and GetUSPS Discounted USPS Priority, Express, First-Class mail postage
Reddit Gold Premium membership which can be gifted to others
Coinmap and AirBitz are helpful to find local businesses accepting bitcoins. A good resource for UK residents is at wheretospendbitcoins.co.uk.
There are also lots of charities which accept bitcoin donations, such as Wikipedia, Red Cross, Amnesty International, United Way, ACLU and the EFF. You can find a longer list here.

Merchant Resources

There are several benefits to accepting bitcoin as a payment option if you are a merchant;
If you are interested in accepting bitcoin as a payment method, there are several options available;

Can I mine bitcoin?

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. You can view the global node distribution here.

Earning bitcoins

Just like any other form of money, you can also earn bitcoins by being paid to do a job.
Site Description
Bitwage, XBTfreelancer, Cryptogrind, Bitlancerr, Coinality, Bitgigs, /Jobs4Bitcoins, Rein Project Freelancing
OpenBazaar, Purse.io, Bitify, /Bitmarket, 21 Market Marketplaces
Watchmybit, Streamium.io, OTika.tv, XOtika.tv NSFW, /GirlsGoneBitcoin NSFW Video Streaming
Bitasker, BitforTip, WillPayCoin Tasks
Supload.com, SatoshiBox, JoyStream, File Army File/Image Sharing
CoinAd, A-ads, Coinzilla.io Advertising
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)

Bitcoin Projects

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.
Project Description
Lightning Network, Amiko Pay, and Strawpay Payment channels for network scaling
Blockstream and Drivechain Sidechains
21, Inc. Open source library for the machine payable web
ShapeShift.io Trade between bitcoins and altcoins easily
Open Transactions, Counterparty, Omni, Open Assets, Symbiont and Chain Financial asset platforms
Hivemind and Augur Prediction markets
Mirror Smart contracts
Mediachain Decentralized media library
Tierion and Factom Records & Titles on the blockchain
BitMarkets, DropZone, Beaver and Open Bazaar Decentralized markets
Samourai and Dark Wallet - abandoned Privacy-enhancing wallets
JoinMarket CoinJoin implementation (Increase privacy and/or Earn interest on bitcoin holdings)
Coinffeine and Bitsquare Decentralized bitcoin exchanges
Keybase and Bitrated Identity & Reputation management
Bitmesh and Telehash Mesh networking
JoyStream BitTorrent client with paid seeding
MORPHiS Decentralized, encrypted internet
Storj and Sia Decentralized file storage
Streamium and Faradam Pay in real time for on-demand services
Abra Global P2P money transmitter network
bitSIM PIN secure hardware token between SIM & Phone
Identifi Decentralized address book w/ ratings system
Coinometrics Institutional-level Bitcoin Data & Research
Blocktrail and BitGo Multisig bitcoin API
Bitcore Open source Bitcoin javascript library
Insight Open source blockchain API
Leet Kill your friends and take their money ;)

Bitcoin Units

One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common subunits are listed below:
Unit Symbol Value Info
millibitcoin mBTC 1,000 per bitcoin SI unit for milli i.e. millilitre (mL) or millimetre (mm)
microbitcoin μBTC 1,000,000 per bitcoin SI unit for micro i.e microlitre (μL) or micrometre (μm)
bit bit 1,000,000 per bitcoin Colloquial "slang" term for microbitcoin
satoshi sat 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!
submitted by BinaryResult to Bitcoin [link] [comments]

When will I See My $11,567?

TL/RD
The Mycelium Android Bitcoin wallet app has a feature that lets you "Shift Any Coins to BTC", I did a test transaction to shift 100 USDT to BTC and it worked and I received my funds within a few hours.
Subsequently, I tried using their new "shift" feature with 11,567 USDT (which is USDT I received through working, the only way I can cash it out is by using BTC) and I received absolutely nothing.
It's been more than 2 weeks now and the Mycelium support team has been very unresponsive and seems as if they don't even care about the problem with what little responses they did give me.
I feel like I've been completely scammed out of my money and I have no idea what to do now. Looking for advice, next steps, feedback, etc.

1. Why I was using Mycelium
The Mycelium Bitcoin Wallet is a highly suggested and "trusted" wallet app for android phones. I actually only used the wallet because of reddit posts where people seemed to have a lot of confidence and trust in it and some of the high reviews on the GooglePlay store seemed to confirm that this app might be an OK Wallet to use.

2. "Shift Any Coins to BTC"
This is a feature which is found in the Mycelium Wallet App.

https://preview.redd.it/x4cx4zijj6521.png?width=1440&format=png&auto=webp&s=c4efcf94a83b8b300c83bd8ae32da1ffb219a40c

When this option is pressed, the app will ask which currency you want to "shift." It provides and abundant options of currencies with different addresses depending on which currency you select.
In my case, I wanted to shift USDT.

https://preview.redd.it/b2uemeplj6521.png?width=1440&format=png&auto=webp&s=443db84d4f4005ac2f9d6b5280371465bc71a7d8
After entering the amount, the app will give an estimated amount of BTC you will receive.
When you press "Continue", the app spits out a wallet address to send funds to.

https://preview.redd.it/jnnaifzbk6521.png?width=1440&format=png&auto=webp&s=1d1e0db0283b6be91761fe849bdb269740bb43b1
At this point, the wallet spits out an address to send the USDT to:
1CmLX8m1zBvFagTEB97e57nk3zPiXp1DR4

Because this USDT is money I earned from working, I sent this address to my boss to handle the transaction so I could receive my BTC. (In my country, signing up for most exchanges is a hassle, so this was one of the the options I knew about.)

Notice the app says, "After your transaction is confirmed, your funds will be sent to your receiving account."

Viewing the transaction on explorer, you can see the funds have already been confirmed:
https://omniexplorer.info/address/1CmLX8m1zBvFagTEB97e57nk3zPiXp1DR4

You can see that the funds were sent to the address requested, and then subsequently sent to another address, presumably their "exchange" address.

3. Dealing with MyCelium Support
It was nearly impossible to find any information about this feature on the google play store reviews, etc.
After waiting 3 days or so, I decided to reach out to Mycelium support:

[[[email protected]](mailto:[email protected])](mailto:[[email protected]](mailto:[email protected]))

I sent off an email and didn't get a reply until almost 8 days later. (By that time I had sent off 2 more emails.)

https://preview.redd.it/h06ipre1p6521.png?width=1557&format=png&auto=webp&s=686e4ee046f98eb1a42763c6a7928752dd60b858
Finally received the first response, to which I promptly provided the requested information.
Someone named Aly (no last name) finally responded to my support request.

I had thought that by providing the information, they would have seen the issue and given me some sort of assurance that this is all just a big mistake or that my funds will clear when the "exchange" wallet has enough BTC to fulfill the order.

And I know this was a stretch, but maybe in the back of my mind, I was hoping that somehow they might be able to process a refund for the USDT to my boss, to which point I would just ask him to exchange it for me in his country and send me the BTC direcly.

However, their next response is what really has me in a panic.


https://preview.redd.it/srpltoqyj6521.png?width=1553&format=png&auto=webp&s=99b522daf1bf24a405f21ed6a8b75ef535c8bdc6
That's all?

"That's all"

THAT'S ALL?!?

What does that even mean? "That's All" as in:

"You received 0.023 dollars for your $11,567 transaction, that's all you get bitch!"

OR was it

"That's all, seems like it's not enough, give me a few days to figure this out okay?"

NOPE, probably not the second one as "Aly's" response literally leaves me hanging with nothing to go off of.

It has been almost 5 days and I haven't heard back from them despite sending off more emails to them asking for a resolution.

4. So what now?
Really where do I go from here? Has anyone else experienced problems with the Mycelium support?
What do you make of their email replies?

What am I supposed to do now? This is not a small sum of change (at least for me anyways), is there a lawyer or some authority I can contact to get this resolved?

It really feels like the Mycelium people don't give a damn about me or my problem and I think it's pretty obvious with their short responses and slow response time.

On top of that, you can see that the price has risen since my "shift" request from 3,300 to 3,700. Not only have I not received my $11,567 which I worked almost 3 moths for, but I've also missed out on some epic gains!

What the hell am I supposed to do now? How is this app even legal and why is it still on the GooglePlay store?

Any insights, references, or other contacts to Mycelium would greatly be appreciated. I really don't know where to go from here, the year is ending, holidays are coming up and I've literally worked 3 months to get nothing because the people who made this Bitcoin Wallet don't seem to care.

5. Why Turn to Reddit?
I guess in some ways I feel that posting my struggles publicly may help me get some insight to this issue and also possibly someone else higher on the rank from Mycelium might see this and be able to give me better support than "Aly" was.
I don't like it when people mess with my money and I certainly don't like it when the people responsible act like it's not a big deal or give nonchalant responses. Only in crypto would you ever expect this type of "support" for an amount of money exceeding $10,000.
Even the workers at McDonalds act more sincere when they mess up my $3 order and yeah, that's where I've been eating lately because I don't have my money!

I fee like Mycelium are not taking this issue seriously or in a timely manner, and the fact that our emails and conversation is private only gives them more reason not to care or act with speed. Every response took about 3 - 5 days on average and I haven't even heard from them since the "that's all" email. Did they just decide to mark the situation as "resolved" on ZenDesk or something? WTF is this.
I want to give Mycelium the benefit of the doubt and assume this is not intentional. But I also hope I can expose these scammers if this is indeed a big scam and I just lost 3 - 4 months worth of work because of this.

ADDITIONAL NOTES:
Screenshot of my current transactions

https://preview.redd.it/jasmopo0k6521.png?width=1440&format=png&auto=webp&s=2466e366a59ec4304e0db4a43723e2b1b427710d
As you can see, all I have is the 100 USDT we did a test shift on before.

This is the explorer info for the original USDT test transaction:
https://omniexplorer.info/address/13uoLhxnwvhUoMXeaYLw5QBVFkutNtdK4N

Of course, I take it that the address changes every time you use this feature.

I don't even know where the support staff got the 0.000006 BTC from, it's not even accurate to my wallet info.

Any additional notes feel free to request, if you're wondering who my boss is, I like to keep it confidential, but I am a coder and have done some work on their project and I can't put the responsibility for paying me(again) on his hands because Mycelium is the one who has screwed me out of my money now.

I hope something positive will come of this.

P.S. this is my first time ever getting scammed out of my money in crypto. I literally felt like I needed to make a Reddit account about this because I wasn't getting any support from the Mycelium support team and I don't know what to do now. I think for some people in crypto $11K is nothing, but for me it's literally 3 - 4 months worth of salary... poof, totally gone because of this Bitcoin Wallet app, not even due to exchange rates or BTC crashes!

I thought we could handle this situation professionally via private support emails, but since nobody from Mycelium seems to care, I feel like I need to do something further.

12/20/18 UPDATE:
You guys have been very helpful to narrowing down this issue. I spammed the hell out of Mycelium and Changelly yesterday and magically the transaction has been reversed.

https://preview.redd.it/ofwk4moy7i521.png?width=1436&format=png&auto=webp&s=e094edf2a55248e0b999ecc33922085894e0ecfa
Also like some mysterious coincidence, I checked the Mycelium app again today and it looks like the exchange service was turned off.

I also received some messages from multiple Reddit users who claimed to have helped get in touch with these companies or work for these companies directly, so I can not thank you guys enough for all of your help.

All in all, this was a horrible experience (both with Mycelium customer service as well as the app / exchange not working properly) and I would never recommend the Mycelium wallet to anyone, ever.

Unlike Mycelium, Changelly was actually very prompt and professional with their responses. (in my opinion). While I am happy with Changelly's fast customer service, I am not sure if I would ever recommend or use their service based on this experience, though I don't exactly know how this stuff is processed in the back end, so I don't really know who exactly should be blamed for this.
submitted by WageSlaveBob to mycelium [link] [comments]

An in-depth overview of different mobile wallets

Disclaimer: A lot of time went into writing this and more research than I anticipated. Errors are not just possible, they are certain. If you find any mistakes, please reach out to me and I'll edit. Furthermore I know I probably missed a couple apps, there are a lot out there. If I missed a big one, then again contact me and I'll consider adding it. If you are reading this in the future, note that these apps update regularly, anything mentioned here may have changed by the time you are reading it.

What is a mobile wallet?

A mobile Bitcoin wallet is an application for a mobile device which acts as a lightweight wallet and allows you to store, send and receive Bitcoin (or other cryptocurrencies and tokens). Mobile wallets use SPV (Simplified Payment Verification) to allow wallet functionality without having to download the whole blockchain. This is very important as barely any mobile phones have enough storage space required for the full blockchain. Mobile wallets are also considered hotwallets, meaning they have an active connection to the internet. The mere fact of being 'online' allows for a number of attack vectors and as such should never be used to store large amounts. It is however not unsafe per se. Private keys are stored locally and encrypted. Some wallets keep backups of those encrypted private keys on a server of their own, and this is something to take note of, but not to fear. So without further ado, lets get to it. I focused on Android wallets, but many of the wallets mentioned here have iOS versions.

Quick overview

Name Segwit Multisig Backup Other coins Fee Choice Privacy Options Depth/Complexity
Samourai Yes No 12 word seed + passphrase No Custom A ton Advanced
Bread No No 12 word seed No 2 Options No Beginner
GreenAddress Yes Yes 24 word seed No Custom Tor Optional Intermediate
AirBitz No No Private seed No Custom-ish No Beginner
Electrum Yes Yes 12 word seed No Custom Proxy possible Intermediate
Copay No Yes 12 word seed No Custom No Beginner
ArcBit No No 12 word seed No Fixed or Dynamic No Beginner
CoinSpace No No 12 word seed BCH/LTC/ETH 3 Options No Intermediate
Simple Bitcoin No No 12 word seed No None No Beginner
Bither No No 12 word seed BCH/BCG 4 choices No Intermediate
GreenBits Yes No 24 word seed No Custom No Beginner
Jaxx No No 12 word seed A ton 3 options No Advanced
Xapo / / / / / Public /
Coinomi No No 18 word seed A ton Custom No Advanced
Mycelium No No 12 word seed No Scrollwheel Tor Optional Intermediate

Wallet Breakdown

Samourai

Samourai focusses heavily on anonymity and obfuscation. Addresses are never used more than once. When making a transaction there is an obfuscation slider. Samourai has had SegWit enabled since October. Furthermore it offers a plethora of different features, too much to sum up here. If you are an advanced crypto-user you should definitely check out this wallet and their website which explains all of the different features. The UI takes a bit of getting used to though.

Breadwallet

Breadwallet is a very simple to use, straightforward app. The UI is slick and intuitive and in-app support to basic questions is very well incorporated. This could be a good wallet for a new person to the scene. The lack of advanced features will make this app not the go-to for more experienced users. It does however feature fingerprint authentication, which is cool, as well as BCH extraction. The lack of SegWit and complete absence of custom fee's is a problem though, especially since fees have gone up during the recent BTC spike. With only 2 fee options to choose from I simply can not recommend this wallet to people who are looking to make frequent transactions.

GreenAddress

When I first started with Greenaddress I didn't like the UI, I found it a bit clumsy. So definitely not user-friendly for a beginner. On the plus side it allows a choice of 2FA settings. Furthermore it has SegWit enabled and it has some advanced features like nLockTime transactions and it offers a service for instant transactions. This all feels very Lightning Network-y, which makes sense as GreenAddress is a part of Blockstream. Our friends in the other sub will most likely have something to say about this. I'll refrain from this and just say the following: this is an advanced wallet with promising features. If they clean up their UI a bit I could see myself using this without hesitation. The fact that they have MultiSig is a big plus as most mobile wallets do not have this functionality.

AirBitz

Unlike any other wallet I fired up at that point, this app did not prompt me with a 12- or 24-word seed. Instead it made me make an account, the regular username/password combo. After some research I found that these are not stored in a local database on their end. Which means that recovering your password in case of loss like with every other username/password login method we are so used to, is not possible. It is merely a different representation of an encryption key, allowing you access to your private keys. It features some interesting stuff though, NFC-compliant transactions and Bluetooth Low Energy (BLE) for example. Clearly this app is meant to be a bridge between users and merchants and has focus on making regular in-person transactions. Thus it mimics some non-crypto related payment apps that we have. Personally, I am not a fan, but I can appreciate the design philosophy and I would't be surprised if their design model worked very well in the future with the LN or with other crypto's that focus on small payments. As for the UI, it's fairly simple, yet horribly cluttered with partnered services. Good for non-techies maybe, but not for more experienced crypto-enthusiasts.

Electrum

Much like the desktop wallet I used years ago when I first started with Bitcoin, the mobile wallet is minimal. Straightforward and without fancy colors or UI. For those of us who have known the internet before Facebook, this app will feel strangely familiar. This is a classic example of a no-nonsense wallet with the features that really matter. SegWit and MultiSig enabled. A further lack of advanced options might be a turn-off for some users out there though. I did however find the option to spend coins from unconfirmed transactions. This could be very useful in case you want to cancel out a previously stuck or erroneous transaction and ensure it's never cleared. One downside to this wallet is the very primitive way of setting a custom fee. No guidelines, scrollwheel or info. Just a simple box in which to put your fee which won't help intermediate users, only experienced users.
Edit: sidenote on the SegWit implementation by Electrum http://www.crypto-economy.net/electrum-3-0-enables-bech32-segwit-addresses/?lang=en

CoPay

Of all the apps I've tried up to this point, CoPay had the best initializing phase, succinctly explaining risk and security. I can not imagine a better intro to a wallet for a first time bitcoiner. It being of a product of BitPay, of which I am personally not a fan, I have to admit though. This app looks clean, feels fast and is easy to use. It successfully demystified MultiSig functionality in its UI and partnered services are not obtrusive in the design. Downsides are lack of fee setting possibilities and SegWit. The latter I really do not understand given their main core of business. If it wasn't for those last two points, I would not see why not to recommend this wallet.

ArcBit

This app dissapointed me a bit. It starts out of the box, not mentioning any backup seeds or tutorial on the wallet itself or Bitcoin. It has no SegWit, no MultiSig, a lack of features and whilst a backup seed can still be requested from the settings, I feel it is of the utmost importance that such a security measure is not quickly overlooked. The lack of fee management tops it off. While this wallet works just fine and looks just fine, there are too many alternatives out there with better options and functionality for me to ever advise anyone to use this wallet.

CoinSpace

CoinSpace is one of those apps that could be really cool, but completely missed the boat on some other design choices. In-app ads unless you pay 1.6$ or something. Settings hidden behind a CoinSpace login screen. It features multiple tokens though with built in conversion through ShapeShift, which could have been awesome. But the excessive ads are just a big no-no. Lack of SegWit and limited fee options make this one of the least interesting wallets out there.

Simple Bitcoin Wallet

Simple Bitcoin is a very basic, barebone wallet. Feels like a one-man project. Almost no settings possible at all. There's much better out there.

Bither

I oddly liked Bither because of its design that reminded me of websites from the 2005-ish era using lots of gradients. Its one of those apps that you either like or you don't. The UI is not bad, but could be better, there's some functionality hidden in the settings, but not enough to satisfy. One very useful feature is built in BCH and BCG extraction. This is the first app I encountered with built in Bitcoin Gold access. It also has a separate tab with just market price information, which is really useful for the price ticker addicts among us. Furthermore it features Cold/Hot Storage View which allows you to monitor cold storage and with a nice graph shows you the distribution between Hot and Cold. Cool stuff. I would suggest to check it out, I'm sure some people will like and some won't. Do note, no SegWit. I would personally use this as a view-wallet only. Not as a spending wallet.

GreenBits

GreenBits is like the light version of GreenAddress. I tried looking for why one team would make 2 wallets but could not find a definitive answer asides from GreenBits being Android-native. And while some resources state MultiSig functionality and Tor through Orbot, I couldn't find those in this app. It does however sport SegWit and custom fees like GreenAddress. On the UI front I feel much more comfortable with this app though and I could see it being better received by average users. Looks like a good spending wallet without much extra.

Jaxx

Jaxx is a rather large wallet that supports many many many different coins with built in ShapeShift functionality. It did suffer from a hack earlier this year which is why this wallet has been discredited. I would however suggest looking into this one if you are invested in multiple different coins and regularly swap between them to get some financial edge. Lack of SegWit and fee options don't make this an ideal app for Bitcoin-only users.

Xapo

Xapo, known for its cold storage solutions was one of the apps I was eager to check out. Upon starting I however first had to verify through a text message, giving up my phone number, after which I was greeted by a 'Continue with Facebook or email' - screen. Upon choosing email, I was further asked to give up personal information. Nothing personal against these types of business models, but this is not what I am looking for in a mobile wallet. Centralization of personal information is quite in contrast with the decentralized and pseudonymous qualities of cryptocurrencies. This being the 13th wallet I've fired up tonight, I decided to give this one a pass.

Coinomi

Coinomi is very similar to Jaxx in the way that it supports a crapload of different currencies and in-app conversions between different tokens through ShapeShift and additionally Changelly. It does look quite a bit more straightforward though. A good alternative to Jaxx for those multicrypto traders among us. Unfortunately yet again not the best for straight Bitcoiners due to lack of SegWit. It has custom fees though, but much like Electrum, there's no real help here and it's just a manual input.

Mycelium

Mycelium has been my wallet app for a couple years now. Unfortunately the delay in SegWit adoption has me looking elsewhere and in succession writing this article. I really liked the recent addition of the fee scrollwheel, which is still the most detailed and succesful implementation of custom fees in any app I've seen. Having tried out many other apps at this point I can now see Mycelium, while not particulary user-unfriendly, could still very much improve its UI. It is however not a bad wallet, never crashed on me, always ran smooth through multiple updates. But let's not get sentimental here, it's a solid app, but its time for me and maybe you as well to try out something different ;-)

Conclusion

In this excruciatingly long article I've ran through a couple different wallet apps. One thing to learn is that not a single one of these is perfect and there's still room for improvement on many fronts. Which wallet holds your preference today depends largely on what you are looking for in a wallet. Do you want the cheapest transactions, then go for one of the SegWit enabled wallets. Do you like cool functionality, then check out Bither. Is anonymity of a concern to you then Samourai looks like the clear winner. More into multiple coins at once, then Coinomi or Jaxx is the way to go. And this is mobile wallets only, you have your desktop wallets, hardware wallets, cold storage solutions, paper wallets. But I'm all out of ink tonight!
I can't give you specific advice. In this world of cryptocurrencies we are in control of our own money. Being in control of your own money means being responsible for its security too. So make your own decision and due diligence.
Edit: Thanks everyone for the awesome responses. I've had some requests to further mention some important information regarding the wallets. I will write these down here as a memo to myself in the future, at which point I will review the state of mobile apps in greater detail once again. - Open Source or not - iOS version or not - Adding iOS only wallet apps
submitted by Zyntra to Bitcoin [link] [comments]

Ledger with Mycelium 8 Simple Techniques For Various Ways to Invest in Bitcoin - The Balance Mycelium - Billetera Bitcoins The Single Strategy To Use For How To Buy Bitcoin - BitcoinofAmerica KeepKey - Bitcoin Hardware Wallet (Proof of Delivery and Unboxing)

Mycelium bitcoin wallet – July 2020 review. Sam Bourgi. Last updated: Apr 23, 2018. Mycelium Wallet is a mobile bitcoin wallet that combines innovation and convenience. In the world of digital currency, few companies have been in the game for as long as Mycelium. Founded in 2008 by a team of hardware engineers, the company has evolved to meet Mycelium Wallet has a rating of 4.2 on the Play Store, with 7364 votes. Similar apps are: Xapo, Coinbase (by Coinbase Android), Blockchain (by Blockchain Luxembourg S.A.), Bitcoin Ticker Widget (by XBT Apps), Claim Bitcoin (by One Minute Creative Ltd.), Bitcoin Checker (by Mobnetic), Simple Bitcoin Widget (by Brent Panther). MyCelium Bitcoin Wallet Review. MyCelium is popular among more intermediate Bitcoin users due to its robust advanced privacy and security features. It tends to be a bit tricky for beginners, but users appreciate its open source software program and transparency. Mycelium is a great mobile wallet for day to day bitcoin use. A few negatives perhaps – the lack of a desktop platform can make sending bitcoin from mycelium inconvenient to desktop wallets if there is no QR code on the receiver side. Mycelium wallet is a vastly integrated with Bitcoin wallets that allows adept Bitcoin users to trade, send, and store their coins. Note that this mobile wallet is only meant for Bitcoin meaning

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Ledger with Mycelium

Integrating my KeepKey hardware Bitcoin wallet with Mycelium for Android how bitcoin is created ... KeepKey Bitcoin Wallet - Review - Duration: 3:02. Digital Trends 9,627 views. 3:02. There are likewise numerous other bitcoin wallets readily available. Blockchain.com is another leading wallet connected to a bitcoin exchange. Mycelium is among the most safe mobile wallets ... Mycelium Bitcoin wallet for your phone and how to back it up, the features, Tor tech built in, private key access and so on. ** Note never use the JAXX wallet as it loses money, lots of people had ... MyCelium is a popular Android Bitcoin wallet that you can use right now to store your bitcoins. In this video you will learn: ... MyCelium Wallet Review by FXEmpire - Duration: 4:42. FX Empire ... How to Setup Mycelium Bitcoin Android Wallet To Store Bitcoins - Duration: 18:15. ... Choose your Bitcoin Wallet - An in-depth review of BitcoinQT, Electrum and Multibit - Duration: 27:32.