MyCelium Bitcoin Wallet: Review & Beginners Guide

Bitcoin MMT (Magic Monetary Theory)

What if Bitcoin is nature's way of preserving itself?
Considering everything the ecosystem is going through presently, it seems plausible that what may seem like merely a new computer technology is actually much more in a wider view.
Stepping back, one may notice that everything that is happening in this moment is on purpose. There is no such thing as coincidence. In the highly egocentric western world, many people see themselves as outside of nature instead of part of it. The reason for this is the abandonment of certain parts of ourselves and surroundings, more or less because of the cultural programming implemented in us from a young age.
Glance back to the first boom of usefulness for Bitcoin. It played a massive role in supporting black market activity, making it a valuable tool for transferring wealth and illegal goods in a nuanced and relatively safe manner.
Arguably, plant medicines that have been used by humankind for thousands of years to evolve consciousness now deemed illegal by mainstream culture are so rooted in the subconscious of our species that those very organisms used those willing to explore the forbidden mystery within them to eventually create Bitcoin and propagate for the benefit of all living systems.
When a psychedelic compound such a psilocybin present in magic mushrooms is comsumed, it's very apparent that it dissolves one’s sense of self in a way not fathomable in any other form that is legal besides maybe meditation with much practice. It breaks one down to one's most simple self, an observer of the universe unfolding, leaving one scraping away for any bit of sanity that culture has peddled if the ego fights the experience in any way, lost in a loop of hellish abyss.
Once the realization is had that all one can do is let the experience happen as there is no use fighting what the substance is trying to reveal is submitted to, it is as though a huge weight is lifted, catapulting consciousness into a wild, ego shattering understanding of unconditional love and interconnection. Having such an experience surely causes any “rational” being to question the nature of reality with a more scrupulous eye.
In an age where it is becoming more apparent by the day that the current power structure is not only not serving the majority of people, but ultimately destroying one’s physical/mental/emotional/spiritual health, it is a dire time that people need to come together, back to a sense of balance.
As many know, the disparity of wealth in the world is wider than ever before. This is not by accident. The parasites at the top thrive on fear and greed to cultivate and maintain their power over the masses. Many tactics, including banning psychedelic organisms to keep people disconnected and unhappy with whom they truly are so to disempower, continues the endless cycle of chasing false hopes in order to do their bidding.
Fractional reserve banking, responsible namely for the US dollar is arguably the sole reason all of this is possible, as every person on the planet must spend the majority of their life finding ways to collect pieces of paper in hopes of survival.
That does not mean there is anything inherently wrong with money. In fact, it is a rather useful invention. The problem is most people hardly understand anything about fiat currency, yet slave away for it every day for the majority of their healthy life.
This is why Bitcoin was birthed. Its purpose is to expose the rampant fraud we're all subject to. Debt based money solely derives its value on faith, where which that earned today is worth less tomorrow, selling future generations prosperity away now.
Many people don't yet view Bitcoin as a reliable store of value, but can one imagine where it would be today if regulators didn't have the authority to step in and put restrictions on its usage? Namely, KYC & AML laws that bar people from buying/selling without a bank license and require exchanges to demand the identity of every user with multiple forms of government identification. So too with capital gains tax. These regulations solely function to slow the inevitable growth of this unstoppable technology. At its grassroots, none of that ever being needed for Bitcoin to function is how it was brought into mainstream view following eventual restrictions.
Arguably, if those laws weren’t placed upon Bitcoin, there would already be an even more thriving new economy backed by it firmly in place. Instead, it's being stunted by the currently insolvent and collapsing system that is built on the premise of "too big to fail" corporations that pillage the world's labor and resources so a few can live absurdly lavish lives.
Fact is, it is one’s birthright to freely exchange ideas and goods with anyone else voluntarily. When denied of such interactions, our very nature to be liberated is denied,which creates inevitable resistance and strife.
Looking at what many see as the solution to this corruption that causes such wealth disparity – the undeniable craving for unity and respect for the planet seen widely in the democratic-socialist movement in America calling for redistribution of wealth and addressing rampant pollution of the earth is partially misled in the sense it calls for more government intervention that relies on stealing from people. That is what allowed this mess to happen to begin with. America is already socialist for the “too big to fail” class in the form of endless money printing, claiming it is a capitalist nation where the rest of the people are deemed too small to survive, scrambling for the scraps that are supposed to trickle down though a rigged economy. What society actually needs is to go back basics with fulfilling simple living backed by sound money that can’t be manipulated by an either ignorant or conspiring ruling class.
As the Bitcoin motto goes, "don't trust, verify". As long as the system is propped up by infinitely printable money, it can be used to corrupt those put in power, continuing a war on the people around the world.
Everything that is going on right now is supposed to happen. For the exact same reason Bitcoin is trustworthy because it is mathematical, so too is the universe. Nature constantly breaks down to build itself back up, over and over again. In this time of uncertainty, on the cusp of watching society as we know it crumble, a new paradigm is unfolding.
It is no coincidence this is all happening as Bitcoin has more people interested in it than ever before. This is the beginning of a potentially very prosperous age, unfathomable to most in the current moment.
People are not meant to be domesticated, controlled by others granted higher status. We are all the same at the end of the day. Psychedelic experiences can reveal this truth of oneness; a push against mindlessly obeying authority that further attempts to rob critical thinking to create better life for all.
Just as mushroom mycelium works as a network to break down old organic material to feed the forest and all who inhabit it, the internet and Bitcoin network work to break down centralized control of information and money that no longer serve the ecosystem.
All in all, Bitcoin is a peaceful protest against the current system that is much needed. So too are consciousness shifting psychoactive plants that originally propagated the technology, as though to say to those that unjustly assert authority, “you fucked with the wrong organism. May the love be spread all around”!
Thanks for reading! One love.
submitted by MrDogeMeister to Bitcoin [link] [comments]

Claiming bitcoin cash

Hi, I bought some bitcoin in 2017. Haven’t really touched it. The wallet I used on my IOS device is mycelium and doesn’t support BCH. Never really cared until now as I’m getting more into crypto. I tried to follow this link to get my BCH but it did not work. I was able to transfer my BTCs over but it does not show any BCH in the new wallet after doing all the steps exactly as written. Any advice would be appreciated.
Edit: I’d like to add that originally my coins were purchased on Coinbase then in august 2017 I transferred them to mycelium. Not sure if that matters.
claiming BCH
submitted by bottomfeeder52 to BitcoinBeginners [link] [comments]

Sent to bitcoin address..helpp!!

Someone please help...i had funds sent..and i meant to send it as bitcoin but accidentally sent as litecoin to my bitcoin address.
3P3nCK9BNqbjyJtrkrofjZ5p2ABgis6hpm
Its already been confirmed on litecoin side.
It was generated by and meant to.send to my bitcoin mycelium wallet.
Im a newb..so not sure what to do..$50 to anyone who can help me retrieve it.
Thank you to u/Deminero30 for walking me through step by step and retrieved my coins for me. Awesome work.
submitted by whereyamamiat to litecoin [link] [comments]

The past decade for bitcoin has been nothing short of an exciting ride but the next decade will be even more action-packed as we see higher acceptance & adoption of this currency

Bitcoin has been named as the best investment of the decade, rising by almost 9,000,000%. For any skeptics out there this is proof enough in this technology and its future.
Despite its groundbreaking performance in the past decade, bitcoin adoption has a long way to go. The majority of merchants online still transact using fiat currency and are not aware of bitcoin or blockchain technology. While those who do tend to shy away from it thinking its too complicated and/or don't want to risk losing their money.
It just takes 3 steps for anyone looking to sell online and accept bitcoin as payments.
1) Create a Website: You are WordPress, Squarespace or any other platform to create your website and promote your products/services.
2) Create a Bitcoin wallet: Ledger, Trezor, MyCelium are some of the best wallets in the market.
3) Integrate a Bitcoin Payment Gateway: Blockonomics, BTCPay Server, Coingate are all great options and integrate easily with the website without hassle.
All that's all it takes to start an online business and accept bitcoin as payments. It's a great time for bitcoin and everyone to belives in it cannot wait to see what the next decade brings, as the old saying goes, "the best time to invest in bitcoin was 2009, the next best time is now!"
submitted by primalfabric to Bitcoin [link] [comments]

Help...accidentally sent litecoin to wallet

Someone please help...i had funds sent..and i meant to send it as bitcoin but accidentally sent as litecoin to my bitcoin address.
3P3nCK9BNqbjyJtrkrofjZ5p2ABgis6hpm
Its already been confirmed on litecoin side.
It was generated by and meant to.send to my bitcoin mycelium wallet.
Im a newb..so not sure what to do..$50 to anyone who can help me retrieve it.
Thank you to u/Deminero30 for walking me through step by step and retrieved my coins for me. Awesome work.
submitted by whereyamamiat to mycelium [link] [comments]

Trouble with bitcoin messages signing / verification

Up until fairly recently I've always been fairly comfortable signing messages from bitcoin addresses from legacy Bitcoin addresses and then verifying those signatures with other bitcoin wallets. Recently however I've started to be concerned over the inability to so consistently throughout the various wallet implementations. The most recent example I experienced was when I performed the following steps with the most recent versions of Mycelium and Bither on an android phone (both of which are recommended by bitcoin dot org) :
1) Selected a legacy Bitcoin address in Mycelium to sign a message with.
2) typed hi in the message field all lower case and no space at the end
3) created the signature.
4) downloaded and installed bither
5) put the appropriate address, message, and signature in the verify message fields.
6) received error that it was not a valid signature
Any thoughts or comments here are appreciated as I believe that the ability to prove ownership of the private keys of addresses with BTC associated with via messages signature is critical and this was the only way that I'm familiar with to be able to do so. Thanks.
submitted by BitcoinCanSaveUsAll 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
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Originally posted on our blog.
submitted by MoonTrader_io to Moontrader_official [link] [comments]

I tested KeepKey + Mycelium + SegWit so you don't have to.

TLDR: you can send and receive Bitcoin to and from native SegWit (Bech32) addresses using KeepKey + Mycelium, but not using KeepKey + KeepKey client (yet?).
Mycelium can import the extended public key (xpub) from your KeepKey, this allows you to get a watch-only wallet on your phone, that can spend only if you connect your KeepKey to the phone. The xpub is not the private key, the private key never leaves KeepKey, you can not spend from just the xpub, cold storage is not compromised. It's a nice combination of the accessibility of an app, and the security of a hardware wallet. My favorite feature is being able to watch the value of my Bitcoin moon plummet from the comfort of my phone. The Mycelium Android wallet finally got it's SegWit update this month, and I used about a buck in Bitcoin to test the new address format.
Importing a KeepKey xpub into Mycelium
The first thing to note is that if you already had a KeepKey account in Mycelium before Mycelium's SegWit update you'll have to remove that account from Mycelium and reimport it to enable SegWit support.
To import your KeepKey’s xpub into Mycelium you need to connect the KeepKey to your phone using a USB OTG adapter, you can get one for about 10 bucks if one did not already come with your phone. When connected, open Mycelium, go to the “accounts” tab, tap the icon of a key with a “+”, tap “advanced”, tap “KeepKey”, and enter your pin.
(If you have enabled passphrase protection on your KeepKey then at this point Mycelium will also ask you to enter the passphrase now. You can read this page for instructions on how to enable/disable passphrase protection: https://help.keepkey.com/how-to-guides/how-to-disable-a-passphrase If you want to enable it change the command from “(false)” to “(true)”. This is an advanced feature so only use this if you know what you are doing, enabling and disabling it has been very flaky in my experience, but once enabled the passphrase feature itself works without error)
Accounts
Mycelium will now scan KeepKey for accounts, if you have multiple accounts on the KeepKey and want to add all of them to Mycelium you will have to go through these steps multiple times to add them one at a time. An account with zero Bitcoin will not be detected by Mycelium.
You can give the account you are adding to Mycelium a label. Mycelium will display a KeepKey logo next to the account name in the accounts tab to indicate this is a watch-only account from a KeepKey.
What can I do with an imported account in Mycelium?
Without having your KeepKey connected you can: -View your Bitcoin balance and it’s fiat value. -View all transactions including those done through the KeepKey Client app. -Generate receiving addresses in all three formats, legacy P2PKH (starting with 1), SegWit wrapped P2SH (starting with 3), SegWit native Bech32 (starting with bc1). -Receive Bitcoin on said addresses and view the incoming transactions before during and after they are confirmed. Note that Mycelium will default to generating SegWit wrapped P2SH receiving addresses, you can change the default to SegWit Native Bech32, but you can not change the default to legacy P3PKH addresses, this is important.
How do I receive Bitcoin with Mycelium?
Choose the KeepKey account from the accounts screen, tap the “receive” button and it will display a SegWit Wrapped P2SH address by default. You can switch to a Legacy or Bech32 address from this screen, and switch the default from P2SH to Bech32, but not to Legacy. This means that by default you will always be receiving Bitcoin on a SegWit address.
How do I send Bitcoin from Mycelium?
In order to send Bitcoin from Mycelium you can tap “send”, enter a receiving address, choose an amount and a fee setting. Next you will have to connect your KeepKey to the phone with the OTG adapter, enter the pin, and enter the passphrase if your KeepKey has one. The transaction will be displayed on the KeepKey’s own display, you should verify the address, amount and fee. Confirm the transaction through the physical button on the KeepKey, twice. Your transaction will be broadcast, you can now disconnect the KeepKey.
How secure is this?
The private key never leaves the KeepKey, cold storage is never compromised. The only way to sign a transaction and send Bitcoin is by connecting the KeepKey, entering the pin to unlock it, and entering the passphrase to further unlock it if you have one enabled, and then using the physical button on the KeepKey to confirm the transaction.
What does not work?
And now finally, the reason I’m making this post, what does not work. At the time of writing the KeepKey client app for Chrome is capable of sending to SegWit P2SH and Bech32 addresses. The KeepKey Client app is however not capable of generating SegWit receiving addresses, nor can it view the balance of SegWit P2SH or SegWit Bech32 addresses. It also can not send Bitcoin that was received on these addresses.
This means that if you use Mycelium to receive Bitcoin on a SegWit address, the KeepKey Client app does not understand this transaction. The KeepKey Client app will not add the balance of this address to your total balance, if this was the only transaction in the wallet it will show a zero balance. The KeepKey Client app will not be able to send Bitcoin that was received on these addresses, you can only do that using Mycelium. This can lead to confusing situations where Mycelium and the KeepKey Client app show two different total balances for the same wallet, because Mycelium sees the real balance, and the KeepKey Client app only sees the non-SegWit addresses balance.
I fully expect a future update to the KeepKey Client Chrome app to enable full SegWit support so the above will no longer be an issue, but right now receiving Bitcoin on SegWit addresses through Mycelium means you can no longer effectively use the KeepKey Client app until it is updated.
submitted by De_Wilde_Weldoener to Bitcoin [link] [comments]

Get bitcoin start paying for your nootropics with it. Your credit card/bank transfer payments are literally holding back the future of nootropics and making them more expensive for you.

I'd like to make a proposal to this community to make a concerted effort to get some bitcoin and purchase all your nootropics with it.

Why should we do this?

Many of you pay for your nootropics with credit cards or bank transfers because it's a bit more convenient, you already have it setup, and it seems like a benign way to pay. However, if you follow postings by some of our most reliable vendors you'll see they are really struggling and being held back and some in actual jeopardy because banks are clamping down on them imposing crazy limits/fees/disruptions/etc. But what I want to stress is that it's in your best interest to pay with bitcoin because paying with credit cards is holding back future nootropics and raising your prices.
Every credit card payment holds back new nootropics The more income from credit cards the more the nootropic company is a slave to what the credit card company will allow them to sell. MisterYouAreSoDumb has stated he has a whole line up of new nootropics ready to release but can't due to restrictions. If this community made a concerted effort to switch to bitcoin we would almost instantly see a renaissance of next generation compounds. Your decision to pay with bitcoin or not determines whether this will happen or not.
Credit card payments raise your prices Vendors are having to go to shadier processors that take bigger cuts and hold money, etc. While that's the vendor's problem it ultimately comes back to the customer in the form of higher prices. We're only ripping ourselves off by continuing to use credit card payments.
Here are some threads/comments talking about the issues that our top vendors are struggling with. The comments about Ceretropics probably not lasting and already not restocking many items should be hugely concerning and motivate you if you've been on the fence about this whole Bitcoin thing.
https://www.reddit.com/Nootropics/comments/7eebmj/anyone_know_of_any_sites_that_have_black_friday/ https://www.reddit.com/Ceretropic/comments/7dq53a/whats_up_with_the_new_modafinil/

Super condensed how to buy bitcoin

The most simple way I've found is to
  1. Create an account at Coinbase where you purchase bitcoins via credit card or bank account
  2. Move those coins to a wallet, blockchain.info is a simple beginner one (this step is optional but recommended)
  3. Send money from this wallet account to the address provided by the vendor after you checkout
That's it. You have now done your part in brightening the future of nootropics.
Set this up now not right before you need to order something as it takes a few days to transfer from credit card to bitcoin (bank transfer can be instant but do it now in case you run into any kinks).
The reason it's recommended to move from Coinbase to another wallet is 1) it avoids payment delays and 2) Coinbase sometimes bans accounts that buy more legally grey research chemicals so one or more 'hops' is thought to greatly reduce this risk.
Other sources I hear recommended but haven't tried are Localbitcoins, Libertyx, Paxful, and Bitcoin ATMs and Electrum (desktop), Mycelium, and Breadwallet for wallets.

Suggestions for the community

In order to make the most impact I have a few ideas to propose for this community.
Bitcoin noobs Get your bitcoin and questions if you are confused or need help with the process.
Experienced bitcoin users - explain how to get bitcoin easily We can make this thread a great reference if we have multiple options and explanations to get bitcoins or link to your favorite bitcoin beginner guide/video. I'm sure many here have alternate or superior ways to obtain bitcoin than my quick how to. Please go ahead and share it if you do. Also, answer anyone's questions about getting bitcoin here.
Mods - add a message about bitcoin in the sidebawiki And maybe sticky this thread for a while if it is appropriate. Bitcoin is in the interest of this community so let's raise some more awareness about it.
Vendors - offer a discount for bitcoin purchases to incentivize a shift Offer a super deep discount for a week for bitcoin purchases to kick off the shift, then offer a smaller ongoing discount afterwards. The difficult part in getting people into bitcoin for people is the initial setup effort so make it more appealing with a big one time bitcoin discount and an ongoing reward that pays back more over time for having made the leap. Make the efficiencies of bitcoin transactions more tangible through discounted prices for people who use it. Maybe offer a quarterly 'Bitcoin Clearance Sale'. I think a periodic event like this would get an influx of people transitioning each time.
Feel free to copy this to other nootropics or related (supplements, longevity, peptides, etc) boards and spread the word. Every customer that switches over to paying with Bitcoin helps the vendors gain more freedom to carry products, lower prices, or just plain exist. It is the most visible reputable vendors that are hurt the most by credit card payments so if you are a customer please try to switch over to Bitcoin. I know it's annoying but hopefully this little guide and the comments to come make it as quick and painless as possible and we can see some amazing innovation in this community.
submitted by dihard to Nootropics [link] [comments]

Thanks for the fishes

What a fucking journey.
I post up here under another user & this is by far my fav Butt sub (and where I send any n00bs who contact me wanting to get involved).
I paid my dues harshly in the last bear market. (Any mistake anyone has made - I've made at LEAST once.) Haircuts, hacks, dumps, ASIC scams
I’ve like 30Xd my fiat this time around (not near as much as I probably should’ve in this market) started when butts were $2,400 and put like $4,700 into the slot machine.
I’m leaving the casino with most of it to buy another rental property.
If anyone deserves my thanks - it’s you guys. For keeping me interested enough in crypto to give a shit by finding all of the hilarious drama. (I mean let’s face it - a bunch of fedora wearing circlejerking millennials all marketing their own funbux. The worst part is they ACTUALLY think it’s cool to sit in front of computers all day and fight about who’s monopoly money is the best. This has got to be one of the most cringeworthy inventions on planet earth to date.)
Besides for the comedy gold - I have hated every second of this market. Knowing I was dumping on poor Koreans who were getting pumped and dumped by their own exchange. Watching poor degenerates getting rekt on BitMex. Seeing the AlphaBay guy getting hung by Thai prison guards for his butts. The butters proud of never having to work again with an absolute vanella personality who sit around shitposting to each other. Doing cringy youtube videos. Because they’re allergic to living now that they don’t have to. My cousin thinking he's cool because he has a few K in it - always wanting to talk about it.
I mean this whole fucking market is a rekt, waste of human potential.
I made literally every mistake there is possible to make in crypto last time around. This time around I bounced off a leveraged long with Segwit, bought Monero at .014 & sold at .04 to the Koreans. Made some more good trades I can’t remember.
Just want you to know that I’m dead set on doing more good in this world than bad & this dirty fiat made from degenerate gamblers is going to help me. I feel guilty for taking it from them.
I want freedom & if I make more I'm giving it to a charity in India who has orphanages. Fuck lambos.
I’ll still be around … but seriously. You guys helped me keep my sanity and I think likely the most honest sub around about cryptobutts.
I'm adding this to the op from POGtastic. This is - in my opinion the best way to cash out.
  1. Convert other funbux to Bitcoin.
  2. If you are pulling it out of shitty exchanges (anything but Gemeni, Coinbase, Bitmex or Kraken) do it in smaller amounts. Make a few small trades while doing it (you want to convince them you aren't leaving the scene - still want to gamble)
  3. The Bitcoin needs to be in a Bitpay-compatible wallet. According to their website, they're compatible with BitPay, CoPay, Mycelium, Airbitz, Electrum, and Bitcoin Core.
    (Blockchain.info won't work. I am not familiar enough with any of the other web wallets to know if they will work.)
  4. If you have a hardware wallet (you should - at this point I'd be terrified to have it on a computer I used for anything but butts), you need Electrum, as it's the only wallet that is both a) compatible with HW wallets and b) supported by Bitpay.
  5. If you have a Segwit address, you need yet another step to send your Bitcoin to a non-Segwit address in order to be compatible with Electrum.
  6. Finally, you can use BitPay to buy bullion from a bullion company that works with Bitpay. Both J.M. Bullion & Apmex advertise as working. I purchased from Apmex & sold to J.M. Bullion. I would avoid reselling to the same vendor as this seems like something someone would do to clean cash. Your likely loss on the transaction is somewhere between 3% & 5%
(I would avoid localbitcoins. I looked at the market and got a really bad vibe from all high volume dealers.)
submitted by JoeBob95561 to Buttcoin [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]

I think its time we have an educated discussion what the cause and effects are of a post August 1st BIP148 world. There are some serious concerns that need to be addressed and we will not overcome these issues unless we educate ourselves and start actively coming up with solutions.

So I think that there are some misconceptions that needs to be cleared up regarding the difference between signaling intent and actual activation of SegWit.
As I understand it come August 1st there will be orphanage of blocks that do not signal SW. This means that from August 1st until November 1st(+ retarget period) when segwit is actually enforced there will be a several month period in which the transaction format stays the same yet there will be two branches of "Bitcoin" being mined both conducting transactions that are compatible across both chains with no guarantee as to which transaction will make it into which blockchain.
If there is no clean way to divide your transactions to ensure with a 100% guarantee that it will make it into bip148 chain vs legacy chain be then we will have systematic chaos. There is also a possibility of massive losses. What if your receiving funds from a legacy chain address to your wallet that gets picked up in the bip148 block but not the legacy chain and the bip148 chain dies off? That tx never happened and you lose your money. Not to mention even if we assume a best-case scenario in which every single miner currently signaling segwit mines the bip148 chain we will see blocks confirm at approximately 30 minutes vs 10 minutes. Now if we're not delusional thinkers we will accept that we will not have a maximum output of miners and instead there will be a faction that goes one way or the other leaving us with probably much less than 30% of hashrate. 1hr blocks is my best guess. We currently go sometimes 40 minutes to 1 hour with bad luck from miners with the current hashrate. That means that we may see four to six hour block confirmation times with bad luck on bip148 miners, assuming my best case guess of hashrate. Of course you have to mention that it will sometimes go the other way and we will get 5 to 10 minutes Blok confirmation times as well.
Either way the more I look at the basic assumptions of how this will play out the more cautious I am about it. In order for this to succeed it has always relied on large economic actors transacting on bip148 supporting nodes, and I don't see how this can be done without widely deployed ecological support from both wallets and exchanges.
I still support bip148 but we need solutions for replay attack protection immediately and that won't happen unless we educate developers on the present issue and make them understand that this caveat is currently a do-or-die situation.
I mentioned the issue to the mycelium developer and he said that they are essentially looking into it but gave no further information. I hope that electrum and all other wallet providers are also looking into this issue as well as exchanges, but I also fear that there is a status quo divided between wallets and exchanges.
It seems to me that according to the communications published by Major wallet developers they are all favorable to bip148, but so far exchanges have been very wary to make any public statements regarding this proposal. This makes sense because they wish to protect their customers and their Investments and that means maintaining the status quo and not encouraging something that would cause disruption and possibly large economic losses.
Unless we can get replay attack protection integrated into the proposal or broadly across the ecosystem fast then it doesn't seem that the exchanges are going to give their customers a choice on this issue.
Without their support I fail to see how this will be successful. shaolinfry stated right in the bip148 submission that economic support is a do or die scenario. I'm of the position that if we cannot rally the appropriate amount of economic support before August 1st that we should withdraw software supporting this proposal as to not ensure chaos within the network.
Honestly this reminds me a lot of the Bernie or bust movement. I liked the movement because it was a Grassroots movement that was trying to stand up to the status quo. And in order for your movement to succeed you have to approach it with a cult-like fever as to instill upon other people within the public your cultish fever towards accomplishing a goal that seems pretty obvious as to be with in the best interest of the community (SegWit). But if your movement only divides society and allows another incumbent to dominate, or even worse a new player to step in and take over the system that is even worse, then all your movement has succeeded in doing is to worsen the situation at the exact polar opposite of what you were trying to accomplish, which was to better the system.
These sociological effects are difficult to examine from a personal perspective when you're in entrenched in the ideology, but post-event you can look backwards and say "wow I really fucked up". I think that's what Bernie or bust people are unanimously saying right now, or at the very least they're thinking it inside their heads even if they don't want to admit it to all of their friends and families because they wish to save face.
Think if all the Bernie or bust crowd voted for Hilary right now? We would have a different president. And regardless of your particular political alignment this demonstrates how when you have a minority faction within a system who are cultish in their approach how they can skew the race and change the outcome. Please don't downvote me because you think I'm talking trash on your favorite politician, I am not I am merely representing the social divides and how they can change outcomes.
bip148 is that cultish social divide right now and I would like to see more discussion on the realistic outcomes that we will see after August 1st and how we will navigate these outcomes. We cannot succeed by pushing our heads in the sand and ignoring the problems that this movement currently faces, and we should be willing to shift our position if in the face of overwhelming evidence we see that this will lead to a negative and not positive outcome.
The way I see it there are solutions to these problems but with time being limited I'm not sure how realistic it is to implement these Solutions to Rally the support needed for a transition in the right direction.
Solutions for success -
1) replay attack protection 2) major exchange support (get a single one and it will snowball) 3) a compatible proposal like what Jeff garzik is working on or bip91/COOP that has compatibility with current bip148 installations.
If we cannot accomplish one and two then I do not think that we should support mining a bip148 chain. If number 3 occurs then I think it will make the situation significantly less risky if there is wide support across the ecosystem that actually installs that software. If it is installed then it is assumed that it will signal SW which would then create a majority of the ecosystem signaling SW which would be compatible with bip148 because the blocks would not be orphaned. I think it would result in a minority chain that would be quickly abandoned since miners follow the money and a non-SW signaling fork wont be of any value if say, 75%+ of the ecosystem is not only mining SW signaling blocks orphaning non SW blocks.
submitted by Cryptolution to Bitcoin [link] [comments]

r/Bitcoin recap - July 2018

Hi Bitcoiners!
I’m back with the nineteenth monthly Bitcoin news recap.
For those unfamiliar, each day I pick out the most popularelevant/interesting stories in Bitcoin and save them. At the end of the month I release them in one batch, to give you a quick (but not necessarily the best) overview of what happened in bitcoin over the past month.
You can see recaps of the previous months on Bitcoinsnippets.com
A recap of Bitcoin in July 2018
submitted by SamWouters to Bitcoin [link] [comments]

Mycelium announces Mycelium Gear

Mycelium proudly announces the release of its first online service, Mycelium Gear, based on the Straight Server developed by Roman Snitko, who has joined our team and is now leading this project.
Mycelium Gear is a merchant processor which demonstrates something that has never been possible before Bitcoin: the ability for merchants to use a full featured merchant processor to receive payments online, and have the money go straight into their own wallets, even if that wallet is running on their own phone in their pocket. Mycelium Gear does not hold any money on the merchant’s behalf, meaning there are no days of waiting for the money to arrive into your bank account, no risk of money being lost by the merchant processor, no need to fill out applications where you give out tons or personal information, and no complicated restrictive policies. All of this means that the costs of running this service are almost zero, which is also what it costs for you to use it: it’s absolutely free. It’s simplicity also means that it’s very easy to set up: you can have it up and running on your site within minutes.
Mycelium Gear relies on the unique benefits of BIP32 HD wallets, which use a single unique random number, called a seed, to generate a list of public bitcoin addresses (called an xpub key), and a corresponding list of private keys (xpriv key) for each of those addresses. When using Mycelium Gear, you give it only the xpub key that generates a unique bitcoin address for each customer invoice, while you keep the private xpriv key - the part that actually allows you to spend that money - only in your own wallet. Mycelium Gear also allows you to set your prices in other currencies, such as USD and EUR, and automatically adjust the amount of bitcoin for the invoice based on the bitcoin price at the time of purchase. When a purchase is made, Mycelium Gear presents the customer with an invoice with a bitcoin address to send their payment to. When the invoice is paid, Mycelium Gear monitors the public Bitcoin blockchain and notifies the merchant’s web store when a payment is detected. Since all bitcoin payment addresses are those of the merchant’s own private wallet, Mycelium Gear never needs to interact with any money directly.
Mycelium Gear is designed for both basic and advanced users. For basic users without a lot of programming experience, it provides an easy step-by-step walkthrough that creates a widget they can easily copy/paste into their website. For more advanced users, Mycelium Gear has a full API, including detailed documentation on how to implement it into your own shopping cart software.
Mycelium’s hope is that Gear will encourage even more merchants to adopt bitcoin and completely change the way merchant transactions are done, thus continuing our goal of decentralizing everything, improving privacy, and eliminating unnecessary third parties in the Bitcoin economy.
submitted by Rassah to Bitcoin [link] [comments]

I tested KeepKey + Mycelium + SegWit so you don't have to.

TLDR: you can send and receive Bitcoin to and from native SegWit (Bech32) addresses using KeepKey + Mycelium, but not using KeepKey + KeepKey client (yet?).
Mycelium can import the extended public key (xpub) from your KeepKey, this allows you to get a watch-only wallet on your phone, that can spend only if you connect your KeepKey to the phone. The xpub is not the private key, the private key never leaves KeepKey, you can not spend from just the xpub, cold storage is not compromised. It's a nice combination of the accessibility of an app, and the security of a hardware wallet. My favorite feature is being able to watch the value of my Bitcoin moon plummet from the comfort of my phone. The Mycelium Android wallet finally got it's SegWit update this month, and I used about a buck in Bitcoin to test the new address format.
Importing a KeepKey xpub into Mycelium
The first thing to note is that if you already had a KeepKey account in Mycelium before Mycelium's SegWit update you'll have to remove that account from Mycelium and reimport it to enable SegWit support.
To import your KeepKey’s xpub into Mycelium you need to connect the KeepKey to your phone using a USB OTG adapter, you can get one for about 10 bucks if one did not already come with your phone. When connected, open Mycelium, go to the “accounts” tab, tap the icon of a key with a “+”, tap “advanced”, tap “KeepKey”, and enter your pin.
(If you have enabled passphrase protection on your KeepKey then at this point Mycelium will also ask you to enter the passphrase now. You can read this page for instructions on how to enable/disable passphrase protection: https://help.keepkey.com/how-to-guides/how-to-disable-a-passphrase If you want to enable it change the command from “(false)” to “(true)”. This is an advanced feature so only use this if you know what you are doing, enabling and disabling it has been very flaky in my experience, but once enabled the passphrase feature itself works without error)
Accounts
Mycelium will now scan KeepKey for accounts, if you have multiple accounts on the KeepKey and want to add all of them to Mycelium you will have to go through these steps multiple times to add them one at a time. An account with zero Bitcoin will not be detected by Mycelium.
You can give the account you are adding to Mycelium a label. Mycelium will display a KeepKey logo next to the account name in the accounts tab to indicate this is a watch-only account from a KeepKey.
What can I do with an imported account in Mycelium?
Without having your KeepKey connected you can: -View your Bitcoin balance and it’s fiat value. -View all transactions including those done through the KeepKey Client app. -Generate receiving addresses in all three formats, legacy P2PKH (starting with 1), SegWit wrapped P2SH (starting with 3), SegWit native Bech32 (starting with bc1). -Receive Bitcoin on said addresses and view the incoming transactions before during and after they are confirmed. Note that Mycelium will default to generating SegWit wrapped P2SH receiving addresses, you can change the default to SegWit Native Bech32, but you can not change the default to legacy P3PKH addresses, this is important.
How do I receive Bitcoin with Mycelium?
Choose the KeepKey account from the accounts screen, tap the “receive” button and it will display a SegWit Wrapped P2SH address by default. You can switch to a Legacy or Bech32 address from this screen, and switch the default from P2SH to Bech32, but not to Legacy. This means that by default you will always be receiving Bitcoin on a SegWit address.
How do I send Bitcoin from Mycelium?
In order to send Bitcoin from Mycelium you can tap “send”, enter a receiving address, choose an amount and a fee setting. Next you will have to connect your KeepKey to the phone with the OTG adapter, enter the pin, and enter the passphrase if your KeepKey has one. The transaction will be displayed on the KeepKey’s own display, you should verify the address, amount and fee. Confirm the transaction through the physical button on the KeepKey, twice. Your transaction will be broadcast, you can now disconnect the KeepKey.
How secure is this?
The private key never leaves the KeepKey, cold storage is never compromised. The only way to sign a transaction and send Bitcoin is by connecting the KeepKey, entering the pin to unlock it, and entering the passphrase to further unlock it if you have one enabled, and then using the physical button on the KeepKey to confirm the transaction.
What does not work?
And now finally, the reason I’m making this post, what does not work. At the time of writing the KeepKey client app for Chrome is capable of sending to SegWit P2SH and Bech32 addresses. The KeepKey Client app is however not capable of generating SegWit receiving addresses, nor can it view the balance of SegWit P2SH or SegWit Bech32 addresses. It also can not send Bitcoin that was received on these addresses.
This means that if you use Mycelium to receive Bitcoin on a SegWit address, the KeepKey Client app does not understand this transaction. The KeepKey Client app will not add the balance of this address to your total balance, if this was the only transaction in the wallet it will show a zero balance. The KeepKey Client app will not be able to send Bitcoin that was received on these addresses, you can only do that using Mycelium. This can lead to confusing situations where Mycelium and the KeepKey Client app show two different total balances for the same wallet, because Mycelium sees the real balance, and the KeepKey Client app only sees the non-SegWit addresses balance.
I fully expect a future update to the KeepKey Client Chrome app to enable full SegWit support so the above will no longer be an issue, but right now receiving Bitcoin on SegWit addresses through Mycelium means you can no longer effectively use the KeepKey Client app until it is updated.
submitted by De_Wilde_Weldoener to keepkey [link] [comments]

Dear Brian Armstrong, You’re Choices Will Cost Me Financially!

EDIT: Coinbase has clarified that the event that they are ordered by the court to hand over buy/sell records to the IRS, they will not report movement of bitcoin out Coinbase as sale of bitcoin. There were posts that seemed to indicate that all transfers would be reported as sales. Coinbase’s has clarified that this is for your internal report generation incase you need it. It will not be reported to the IRS that way.
Brian,
Coinbase’s choice to report bitcoin transfers as taxable events, even when no sale occurred, will cost me significant amounts of money.
Like most bitcoin users, I’ve anticipated scrutiny and therefore sought to be above board in everything I’ve done. I’ve spent an average of $1200/year to have a well-respected accounting firm handle the bitcoin portion of my taxes to make sure that everything was done to the best of our abilities.
This has involved reconstructing MTGOX data after those records became inaccessible to me (I had to use the leaked database to reconstruct tax records). This has involved meticulously recording spending at gyft, newegg, overstock, etc.
The guidance we were given was that bitcoin is property. As such, I kept records as if bitcoin was property. Any time I exchanged bitcoin for dollars or in-kind trade for products (newegg for example), I’ve recorded those events and kept receipts.
Like many other early bitcoin enthusiast, I’ve also cycled through many storage solutions. I have 4 hardware wallets which have held bitcoin and some of which I’ve re-seeded. I’ve used Shamir’s secret sharing, paper wallets, co-pay’s multisig, Armory, etc. My Armory had syncing issues at the end of their development lifecycle. I had to sweep private keys and transfer to hardware wallets. To do this, I believe I did a factory reset on an android device, installed mycelium, and immediately used that device to do the sweeping. I am unaware, but doubtful, that I still have that wallet, because it was a temporary tool to transfer from one place to another.
If bitcoin is property, this would be similar to me loading folding chairs into my truck and moving them from one storage shed to another. This obviously would not be a taxable event, and therefore I am uncertain which of these actions I kept records for.
Coinbase’s decision to equate transfers with sales is a complete reversal of the IRS guidance. Coinbase’s reporting will not change IRS policy, but by reporting transfers as sales, you will be adding significant confusion to any potential audit.
The impact of your reporting is likely to cause an audit to become much more expensive. My 2013 taxes were already on the order of 60 pages long (I’m an employee with W2 wages, so my taxes would normally only be a few pages long).
The confusion you are adding may cause me to have to reconstruct even more records, many of which may only be partial, simply because moving property from one storage location to another is not a taxable event, and therefore I will only have partial records. I should be able to reconstruct end points, but again this may only be partial.
As someone who had tried to be as above board as possible, if you equate transfers as sales and report them to the IRS as such, you will significantly increase the complexity and cost of any audit I may face. In fact, you’re almost certainly likely to cause an audit because your records will no longer match my records.
Of course, I can always explain to an auditor that nature of bitcoin, and I’m sure my accountant will argue that we’ve taken all the necessary steps for reporting the purchase and sale of property, but your decision already puts us in a defensive position and we’ll be arguing in an uphill battle. I can only imagine that the auditor says “But Coinbase said you sold those bitcoin!”
I have no idea what an audit could cost me. I already anticipated a likelihood that I would get audited, but at minimum your company’s decisions will significantly increase the complexity and cost of my audit.
Furthermore, if you’re companies position was that you were going to report transfers as sales, I would have possibly treated your wallet much differently. I’ve been asked multiple times when transferring out of Coinbase to check a box is I own the destination wallet. What was the purpose of this box? I had almost no regard for price movements when transferring out of Coinbase because I assumed they were not taxable events. As we all know, bitcoin is extremely volatile. Sometimes I leave funds in there for a few months before transferring to cold storage. Why? Because your company has great security and I wasn’t worried about them sitting in your custody for a few months.
Had I known these would be reported by you as taxable events (which I do not believe they are), I may have considered price movements, end of the year timelines, etc. I don’t know what decisions I would have made differently, but the point is that your company appears to have been recording transfers as sales, while most in the bitcoin and accounting world were assuming something else. This loss of information on your customer’s account will potentially cost them money.
The fix is simple. Report purchases and sales to the IRS in whatever form the courts order you to. But your company needs to make a distinction between taxable events and movement of property!
With Regards, Coinbase Customer
submitted by foolish_austrian to Bitcoin [link] [comments]

ChangeTip is shutting down

ChangeTip is shutting down at the end of the month. They are asking everyone to start emptying their accounts. You may transfer your Bitcoin balances to a traditional Bitcoin wallet or donate your balance to charity as you go through the closeout process.
I know many folks in here learned about Bitcoin through ChangeTip and many of us have accounts with balances. This is especially true for past winners who never merged their ChangeTip winnings into their traditional Bitcoin wallet.
To do that, log into ChangeTip with your Reddit account, click the Withdraw menu up top and choose Bitcoin. Scroll down to the second section (Withdraw). Copy and paste your standard Bitcoin receiving address into the Wallet Address field, click Select All Funds, and click Send. If you don't know your current receiving address, keep the withdraw page up in another tab and keep reading below.
Previous winners will already know their Wallet Address -- it's the one where they asked us to send our donations. For anyone else who is not familiar with setting up a traditional Bitcoin wallet, there are several ways to achieve that.
You may install apps such as Bread Wallet on iOS, Mycelium on Android or Coinbase or Circle. Once you are able to display a "receive address", copy the address into the clipboard and send it to yourself so that you may copy and paste it into the Wallet Address field on the ChangeTip Withdrawal page. Don't worry, it is perfectly safe to send your Receive address in the clear. You could even print it on a highway billboard and it would not matter from a security perspective.
If this is your first time setting up a traditional wallet, make SURE that you follow the steps to protect your access to your funds once you finish setting it up. This typically involves writing down 12 words. If anything happens to your device rendering it gone or unable to boot, the only way to regain control of your funds on a replacement device is by installing the same app and entering the 12 words you will write down as part of the backup procedure.
If you have very little BTC left in ChangeTip and just want to stick it somewhere without installing and setting up a wallet, go to bitaddress.org. Wiggle your mouse until the percentage counts to 100 and the screen updates. Once you see your Share and Secret addresses, take a screenshot and save the image somewhere, just don't store it in the cloud. Copy and paste the "Share" address into the Wallet Address field on the ChangeTip Withdrawal page and click Send.
Note: this last method is not to be considered safe for balances more than a few dollars, but it is just fine for this situation, especially if you're not willing or able to set up a real mobile wallet at this time. If you go this route, don't empty your ChangeTip balance into this address before this month's drawing, though, because you will need to setup a real wallet to send any Bitcoin you park in this address, including what you'll send to the winner.
Please know there are many of us out here who are perfectly comfortable with using traditional Bitcoin wallets, and I'm sure you will find us more than happy to help.
tl;dr install a regular wallet like Bread Wallet on iOS or Mycelium on Android, send your Receive address to yourself and initiate a withdrawal on ChangeTip to that address. Once the Bitcoin arrives, shut down your account to properly close it out.
Final note: Do not EVER, EVER try to type in your Receive address at any time. It is very easy to mess it up, and if you're off by one letter or number you could easily send your balance to an address that no one controls (i.e. your money is gone, forever). Always pull up your receive address your mobile app and copy and paste it somewhere so that you can pick it up on the PC or laptop where you're executing the ChangeTip withdrawal.
submitted by moronmonday526 to millionairemakers [link] [comments]

HOW TO sweep BCH from Mycelium (BTC address) to Bitcoin.com app

This is a tutorial that answers my own question: [ https://www.reddit.com/btc/comments/7lzr9a/help_sweep_bch_in_mycelium_btc_address_to/ ]
If you had any BTC in your Mycelium wallet app before August 1, then you also have BCH at the same BTC wallet address.
Mycelium doesn't support BCH. So this will teach you how to sweep the BCH to the Bitcoin.com wallet app, without paying fees.
You will need your 12 word backup seed that you got when you setup your wallet in Mycelium.
And you will need to install the Bitcoin.com wallet app (android). Yellow icon. https://www.bitcoin.com/choose-your-wallet/bitcoin-com-wallet

Part 1 – get your Mycelium backup key:

(skip to Part 2 if you already know your 12 words)
  1. Open Mycelium app.
  2. Click the 3-dot-icon at the TOP right.
  3. Choose backup.
  4. Enter your PIN (if you set one and it asks).
  5. Wait 60 seconds for a countdown.
  6. Click ok.
  7. Keep tapping to show your 12 words. Write them down somewhere safe.
  8. It asks you to type them back in, to confirm. You can skip by pressing the back key on your phone.

Part 2 – Setup Bitcoin.com wallet:

  1. Open the Bitcoin.com app. (skip to step 11 if you used the Bitcoin app before, and already finished welcome mode)
  2. If you never used it before, it will ask you to: create a new one, or Restore from backup. Don't click Restore (it didn't work for me). Just create a new BCH wallet. (You won't need it for now, but you need the welcome mode to turn off).
  3. Next screens: Read about the Bitcoin.com app features, or click skip. It creates a wallet.
  4. A green screen loads saying “wallet created.” Scroll down (tablet users). It asks for your email to send payment notifications (when you receive BCH). Enter your email. (I would not use gmail, hotmail, or any government/spy email. Use an encrypted email for BCH transfers so that your record is private and not audit-able. E.g. www.tutanota.com .)
  5. Enable or disable get news. Then click continue, then confirm email.
  6. Backup this new wallet. (You don't need this wallet to sweep your BCH. But backup this new wallet just in case you forgot that you were not going to use it.)
  7. Click Got it, and I understand, to proceed.
  8. Next screen, write down your 12 words exactly. Then click “I've written it down.”
  9. Next screen. At the bottom: click your 1st word, then 2nd, etc, until you have the 12 words in order. Then click confirm, then got it.
  10. Next screen. Click I understand, and agree to terms. Continue.
  11. After you setup a wallet, go to the main screen. Click the PLUS icon where it says “Bitcoin CASH wallets.”
  12. Choose New personal wallet.
  13. Very important: Type in a wallet name. For this example I use “BCH Aug.”
  14. Select coin: BCH
  15. Click show advanced.
  16. Click where it says “wallet key … Random.”
  17. A popup menu displays. Click “Specify Recovery Phrase.”
  18. Click where it says “Enter the recovery phrase.
  19. Paste in or type your 12 words from your Mycelium backup, not the new bitcoin.com wallet you just made.
  20. Keep Derivation path at: m/44'/0'/0'
  21. At the bottom click “Create new wallet.”
  22. The wallet should be created.
  23. Critical steps. Go to the home screen. Click settings icon at the bottom right.
  24. Next screen. Scroll down to the list of Bitcoin Cash wallets. Find “BCH Aug” or whatever you named the wallet you just made.
  25. Next screen. Scroll down and click more options.
  26. Click wallet addresses.
  27. Click “scan addresses for funds.” If it works, a new green-screen should pop up and show some BCH coins, which is the number of BTC coins you expected to have. (The same 12 seed wallet had both BTC and BCH coins. But now you imported the seed, and calibrated the wallet to be on the BCH chain.) If the scan worked, click the back button, then set a PIN for the Bitcoin app. (Go to Settings > Lock App > set PIN. Write it down somewhere, and email it to yourself using your encrypted email – so no one can hack or subpoena your inbox.) You can use your wallet safely now. You can skip the remaining steps.
  28. If the scan showed zero, then do these next steps. Look where it says “Unused Addresses.” Tap the Plus icon 6 times. Then click scan again. If this doesn't show your coins, then tap the Plus icon 6 more times again, then scan. (Mine worked by just tapping it 6 times. But if not, tap up to 20 times, until you get an "Empty addresses limit reached" message; then click scan.)
  29. Your coins should show in the balance after this. If not, then post below for someone else to answer what to do, since it exceeds the scope of this tutorial. Thank you.
I spent 3 hours searching, experimenting, then writing this. I didn't find an exact answer for BCH and Mycelium > Bitcoin.com app. So I tried things until it worked for me. If it was helpful then let me know :)
Thanks to bitcoin.com for making a BCH wallet with a PIN lock.
I request that they add the APK file somewhere to download, in case you don't have GooglePlay, or you want a backup of the Install file.
submitted by trader94 to btc [link] [comments]

Transferring from Paper Wallet to Trezor

I have some bitcoin I transferred to a paper wallet back in 2013. I got a trezor one on sale on black friday and would like to get my bitcoin moved onto it. I was wondering if anyone had a guide on the best way to do this. I'd also like to know if anyone has a guide to also claim my bitcoin cash.
I realize this has been asked many times before. However, maybe I'm using the wrong keywords but it looks like the last time this was answered was over a year ago, so I wasn't sure if there is a better process now. Also, in the other responses I've seen, the answer is usually quite vague, like "use mycelium to sweep the wallet into your trezor". That's helpful as I can search for that, but there are so many guides for different scenarios that I end up with more questions than answers. I'm hoping someone can post an easy step by step guide that covers the best method to complete this. I don't really have a lot of bitcoin, but it is a lot for me. My understanding is that you only get one shot at moving it, so I want to be entirely sure of what I'm doing. Thanks!
submitted by pfthrowaway245 to Bitcoin [link] [comments]

[FAQ] How do I send the Bitcoin Cash I have in my Mycelium Wallet?

Warning: This HowTo will not work for the B2X hardfork that is to come in November!
Mycelium currently only supports Bitcoin. As Bitcoin Cash (BCH) provides replay protection, there is no way to move your BCH with Mycelium directly. The only way to move your BCH is to use a BCH software importing your BCH private keys there.
If you trust the BCH software 100%, skip steps marked with (*).
  1. Find a BCH wallet that you trust and that supports BIP39 (the 12 words backups) and BIP44 (the account structure used by Mycelium).
  2. (*) Make sure you have all your accounts backed up and your backup handy.
  3. (*) Wipe Mycelium's data. (address book and some meta information on transactions like invoices and labels will get lost)
  4. (*) Create a new wallet upon the next start of Mycelium.
  5. (*) Create a new 12 words backup and verify it.
  6. (*) Use cold wallet spending to send all funds from your old backup to your new wallet. For your privacy, create new HD accounts after each old account you emptied out and send the next account's funds there.
  7. Import your 12 words backup in the BCH wallet.
submitted by giszmo to mycelium [link] [comments]

I'm a long time lurker wanting to make a first ever Bitcoin purchase in Peru. Please, help me find the best method (that is an option for me) to do so as soon as possible (Don't worry about the lenght of the post, there's a sort of TL;DR version explained in the first paragraph).

Good whatever it is wherever you guys are. I tried posting in BitcoinBeginners but for some reason several hours have passed and it has not being approved, the mods don't respond so I thought maybe try out here, pardon if it's a little bit out of place. Anyhow, I need your help to make my first bitcoin purchase and so I have extensevely wrote about my specific situation, in order to get the TL;DR version just jump trhough the texts to where BOLD letters are used followed by the main points of what I wrote and where I straight-fowardly asks the questions I need asnwers to, which will be in ITALIC, the rest is only if you were to need more information as to provide me with a more complete asnwer.
I'm currently in Lima, Peru and want to buy the equivalent of PEN 10,000.00 (which is roughtly US$ 3,100) in Bitcoins. I have around half of that in US$ on a bank account/VISA debit card and the other half I would take it in PEN from another bank account/other VISA debit card. I don't mind either way and can exchange either currency for the other but I guess I would prefer to buy the Bitcoins fully in dollars if I were to do the transaction with a person (making it so quite likely just one currency accepted to avoid extra hassle) given that the value of the dollar here right now is relatively low. And as far as I can tell there are three methods avalible which would be fitting in my situation, those being using cash on a ATM Bitcoin Machine, either a cash face-to-face exchange/a cash deposit to the bank account of a reputable user on Mycelium/LocalBitcoins, or contactintg someone who offers a better price through one of the national Bitcoin Facebook/Meetup groups and trying to get that person to agreed on doing the exchange using LocalBitcoins because of their escrow sytem and general reliability when handling disputes as a sort of guarantee for the both of us.
Up until now I never had my identity formally linked in any way with cryptocurrencies and very much would like it to stay that way, meaning that annonymity is number one priority to me regarding this subject. I do not want anyboby being able to demostrate I bought/owned Bitcoins, need to be sure that my current purchase won't in any way affect any possible future trade for other crytocurrency such a Monero using XMR.to and then maybe on another exchange like Kraken back to Bitcoin or the use of a tumbler like Bitcoin Fog as I don't want anybody to have some prove that I used them to buy a Baby Jesus Butt Plug from a Darknet Market. Having that aspect completly covered my second requirement to proceed is that the way I end up going about it doesn't hinged my safety from theft, whether I eventually put the coins on a personal wallet like Ledger Nano S with U2F or a hardware wallet like Electrum on a USB with TAILS, I need confirmation that, say, having them first just on the Mycelium/LocalBitcoins wallet (even maybe without 2FA if tablets can't be used for that) after buying them from someone won't put them on danger. And lastly, I want a good deal.
I also sort of need however I were to do this now to be reasonably easy and fast with the tools of my disposal at the moment (no phone, only several laptops and an Android tablet) so as to not requiring me to wait more to feel like I have the correct OPSEC/setup in order to finally get into Bitcoin. Having been involved with cryptocurrencies for a over 7 years and never having actually bought any, the last thing I want is to once again tell myself any excuse so as to keep procastinating with it, much less right now with the current decrease in price. After this 'investment', in the next couple of months I will keep on adding some more and probably want to sell some of it too in order to gather some experience and also it is of my interest to purchase pretty large quantities of various specific research chemicals, which even though are completly legal in my country to own, I do not think I have to explain why I would want to keep such activity as realistically untraceable as possible. I am deeply informed on the legal aspect, but regardless, just because I am completly prepared for any particular inconvenience doesn't mean that I would want to find myself inconvenienced.
So just to sum up:
Apart from all the awfully set up bitcoin exchange websites which don't provide any reason to trust them there seems to be few different ways of obtaining bitcoins here, but given that I have a set of prerequisites the list of options get shortened. As privacy is key I am conditioned to buy the coins in a such way that doesn't ask from me any sort of idendity verification that could formally link me to it or can leave a loose end, so that would leave out purchasing the coins interntionally or using my debid cards/bank accounts nor any online payment, but rather using cash face-to-face exchange/a cash deposit to a bank account. A perfect solution seems to be the only Bitcoin ATM Machine in my country which according to this website is a General Bytes model called BATMTwo of a very simple system, just like it can be seeing in several videos on Youtube, in which the sole authenticaton is by scanning a QR code from the app of my Bitocin wallet (or even just the QR code printed), it doesn't require an ID, fingerprint and the machine doesn't even have a camera. Sadly, I contacted the owner of the machine and so it seems the service is currently suspended. Out of the remaininng posibilities I have a couple of constant doubts which I need to resolve in order to know what is more convenient and what steps to follow.
Of the methods I will list I need to know:
MYCELIUM
-Process: Create wallet on the Mycelium app in my tablet, choose a vendor, negociate and set up a price which will be respected as it was established when the transaccion is first submitted, pay in cash, get the bitcoins transfered to my wallet and seller will receive the key of our transaction which I will need to have on me at the moment to confirm the exchange has being completed.
-Prices: Wheter they accep either cash or bank deposists is not specified, but from what I have read everyone should accept cash. At the moment there's literally three accounts selling in my city, and it appears none of them have a reputation as none of them have ever made a sell or purchase... not very trustworthy.
Mycelium's feature "Local Trader", from the get go doesn't inspire me much confidence as it is an App, and I'm not very well versed in how to stay anonymous using mobile devices other than laptops, from what to have installed in them to how to protect myself from the dangers of public wi-fi. The reason why I even consider a method which I don't feel quite confortable with is that as far as I comprehend I can pay with cash on a face-to-face exchange or a cash deposit to a bank account, the only two methods I have understood would be adequate for me, that the prices I have found are drastically better than those on LocalBitcoins and they can even be negociated, plus it works instantly and is wildly considered to be secure. Now, while the process doesn't provide escrow, "the seller does not need to put funds into escrow; they are spent directly from his Mycelium Wallet" which is advertised as a positive characteristic that I can't see how it would benefit me (the buyer), nor am I sure what it even means. An finally while I do know that apart from the agreed price a 0.2% fee goes to the app I don't know if that means it would be taken from the already made transacction or if it is an extra expense charged to me, plus it doesn't seem to be a way of setting the exchange rate at the moment of agreeing on the trade rather than letting the value fluctuate until our meeting and getting fucked, or am I in the wrong?
LOCALBITCOINS
- Process: Create wallet on the LocalBitcoins website, choose a vendor, ask him/her to check the correct 'Floating Price' set so as to establish the price of the exchange at that moment, the escrow will hold the funds, pay in cash, get the bitcoins transfered to my wallet and seller will receive the key of our transaction which I will need to have on me at the moment to confirm the exchange has being completed.
- Prices: This interface is much more clear and specific, however the lowest prices are way beyond anything that I could of have expected... let alone those of the three sellers who accept cash. That being said, almost all of the reputations are of absolute excelence and some with high quantity of transacciones, of course that was to be expected given that those who sell in my country are few people, and everyone would be turning up to them.
Given that the ATM machine is currently not operating, from what my limited knowledge indicates, LocalBitcoins should be my prefered course of action, that is if all the prices listed in my country weren't insanely high. If I'm not mistaking the value listed by the seller is no open for discussion but there is also no side fee I have to take into consideration, being so that what is listed is what I will have to pay. An while once again price is a problem with this method, there are sellers who will accept either a face-to-face exchange or a cash deposit to a bank account, only problem being that those are precily the ones who provide the worst exchange rates. Because of their escrow system so long as the two of us comply with the meeting pretty much once the transaccion is set up the funds of the seller have being 'separated' and is in the best interest of both for the purchase to take place. But, one thing I don't have clear is regarding the 'Floating Price' checkbox, the way I see it, and this is very important to me, I want the price of the bitcoins I'm buying to be determined at the time the trade is first submitted, that way actively choosing what exchange rate we will deal with, AND NOT when the coins are released, as if that were the case the price could change leaving me with a deal out of my control. So can this be indicated by me (the buyer), or is it up to the seller because (s)he's the only one capable of controlling that option?, and, if I were to ask him/her to set it up, should I ask to turn that option on or off? (I don't know what way would be the correct).
TO CONCLUDE:
Another option I have to avoid the exchange rates I have shown you is to contact someone who offers a better price through one of the national Bitcoin Facebook/Meetup groups and trying to get that person to agreed on doing the exchange using LocalBitcoins because of their escrow sytem and general reliability when handling disputes as a sort of guarantee for the both of us, as I indicate at the very begining of the post. Cosntantly on the Facebook groups there's users posting about wanting to sell Bitcoins for a much lower price that in Mycelium and LocalBitcoins, some even below market value for X reason, and although of course going fully private without any exchange platform would be too dangerous, not only can I suggest to use one but I can find those persons who are of high reputation in the Bitcoin comunity in my country and are deeply involved in bringing this technology here and ask those people if they happen to be selling Bitcoins. In order to do so I would need to look trough several pages of posts in this groups, use some Google-fu to find out who are the ones who arrange the Meetups and other reunions about Bitcoins. Tedious, but a possibility nonetheless. If you guys happen to know of someone like that in my country maybe poitning me in that direction could be very helpful.
Beyond that all I have left if the exchange platforms indicated in this and this pages, but I have to say I already spent all afeternoon visiting each website and App reading about the steps to purchase Bitcoins in each of them and not only are cash face-to-face really not given as options in any but some are simply confusing or seem like a bad idea. Not to metion a couple even supposedly offer under market value pricing, but just in case if anyone had anything positive to say about them, here are the ones that aren't just obsolite links: CEX.IO, SatoshiTango, Bitex, Paxful, 247Exchange, Xapo, bitINKA, SurBTC, Circle, CambistaBitcoin and the listing for Bitcoin of the South American version of Ebay, MercadoLibre. By the way, I have said that privacy is very important to me, but I have also being extremely descriptive of what I'm doing and plan to do, so just in case anyone is wondering not only am I posting this from an IP address not related to me but also nothing that I have wrote is incriminating in any way, constitutes a crime or make so that I can be persecuted for it, and even if under any strange circunstances I had to, I havethe equivaent of what american refeer to as plausible deniability to defend myself given that all of this can be of course considered hypothetic. Just thought I would put it there.
Thank you very much for reading and I hope someone can help me, I would greatly appreciate it.
submitted by MellamoAlejandro to Bitcoin [link] [comments]

Mycelium user - is it possible to claim my Bitcoin cash?

I had my coins in mycelium when the fork happened, to be frank I didn't even know it was happening.
I've read that you can import your wallet into a different app and that Bitcoin cash will appear, however I wasn't able to achieve this.
I tried using coinomi, but no luck.
Is it still possible? If so, would anybody be so kind to provide some step by step instructions?
submitted by farqueue2 to Bitcoin [link] [comments]

How To Buy Bitcoin RIGHT NOW 2017! Fastest Way Compra Bitcoin con Mycelium wallet explicación rápida How To Claim BitCoin Cash Sell For Bitcoins Mycelium Electron Cash Mycelium Wallet, Buying Bitcoin from Local Traders Demo How to create Mycelium wallet

Before to proceed the next, we will take an example of Bitcoin wallet mycelium. ... Step:1 own a wallet for which I have to prove that I have that wallet address, here we taken mycelium. Step:2 you have to give me a word or message to generate signed text. Suppose you gave me the word bitcoinik.com. Step:3 Now I will click on the sign option ( as shown in picture ) . Step:4 I will choose the ... To move your bitcoins just send to a different bitcoin wallet using the send option in mycelium. To get access to your bitcoin cash just restore from your mycelium seed in electron cash. Electron cash is a bitcoin cash fork of electrum so the steps are the same as for electrum. Just make sure you select bip39 in step 4 and in step 5 choose ... Step 2) Create a New Wallet. Open the app and select ‘New Wallet’ You’re now in your bitcoin wallet. You can view your QR code or address. Someone can use the QR code or address to send bitcoin to your Mycelium wallet. Step 3) Setup Two Factor Authentication and Backups. To safeguard your bitcoin, you’ll want to set up a backup option ... Step 6: Touch how you want to receive your coins. Option 1: Scan your wallet QR code (recommended). If you don’t have a digital bitcoin wallet, you can download an app on your smart phone, such as Mycelium. Option 2: Generate a new paper wallet. The paper wallet option is available for bitcoin, bitcoin cash, and litecoin. Each paper wallet is ... Using a Mycelium wallet to restore a Ledger device is basically the same method. Users need a fresh install of the Mycelium software and click “restore backup” at the startup screen. All ...

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How To Buy Bitcoin RIGHT NOW 2017! Fastest Way

🌟 MYCELIUM BITCOIN WALLET Tutorial de la billetera Mycelium - Duration: 7:48. Willy Guillermo Gonzalez 34,413 views. 7:48. La MEJOR billetera de CRIPTOMONEDAS 2020 - Duration: 9:51. ... Mycelium Wallet, Buying Bitcoin from Local Traders Demo $10 of Bitcoin FREE! Sign up for a FREE COINBASE wallet account click here https://www.coinbase.com/j... Mycelium monedero bitcoin, crear cuenta y copia de seguridad. Bitcoin Cash: Step By Step Guide To Claim Your Free BCC / BCH - Duration: ... 15:57. How to Setup Mycelium Bitcoin Android Wallet To Store Bitcoins - Duration: 18:15. CoinSutra - Simplifying ... How to Setup Mycelium Bitcoin Android Wallet To Store Bitcoins - Duration: 18:15. CoinSutra - Simplifying Bitcoin & Cryptocurrency 39,580 views. 18:15.

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