Binance Partners With One of the Largest Banks in Turkey ...

CRH: The World's Largest Coin Roll Hunting Community!

Welcome to the world's largest Coin Roll Hunting community! Come meet other hunters, share your finds, give and get advice, and share in whatever else has to do with the hobby of Coin Roll Hunting (also known as Bank Roll Hunting).
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@cz_binance: Let's #bitcoin the unbanked and banked. https://t.co/3DjwwF9mrx

@cz_binance: Let's #bitcoin the unbanked and banked. https://t.co/3DjwwF9mrx submitted by rulesforrebels to BinanceTrading [link] [comments]

08-16 23:55 - 'I use kraken, coinbase/coinbase Pro and binance mainly. Most funds I transfer via revolut so my bank doesn't get funny. / If you plan on using binance feel free to use my referral code LGTCIPKF and feel free to ask me any ques...' by /u/C-tali removed from /r/Bitcoin within 108-118min

'''
I use kraken, coinbase/coinbase Pro and binance mainly. Most funds I transfer via revolut so my bank doesn't get funny.
If you plan on using binance feel free to use my referral code LGTCIPKF and feel free to ask me any questions
'''
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Go1dfish undelete link
unreddit undelete link
Author: C-tali
submitted by removalbot to removalbot [link] [comments]

@cz_binance: @IamJaffarKhan I know I could tolerate the risks. Worst case would be, #bitcoin to 0, and I go back and get a job in a bank. Lucky we are in a different future.

@cz_binance: @IamJaffarKhan I know I could tolerate the risks. Worst case would be, #bitcoin to 0, and I go back and get a job in a bank. Lucky we are in a different future. submitted by rulesforrebels to BinanceTrading [link] [comments]

@cz_binance: When I first learned about #bitcoin 7 years ago, if you told me that central banks will be issuing digital currencies on the blockchain in 7 years, I would stare back doubtfully. And here we are... https://t.co/4Bau21XgCI

@cz_binance: When I first learned about #bitcoin 7 years ago, if you told me that central banks will be issuing digital currencies on the blockchain in 7 years, I would stare back doubtfully. And here we are... https://t.co/4Bau21XgCI submitted by rulesforrebels to BinanceTrading [link] [comments]

Quant Network in talks about Binance about connecting Binance Chain to Overledger - Allow 570 Banks, Enterprises with access to Binance Chain / Enterprise adoption as well as the ability to use Ripple, Ethereum, Bitcoin etc on Binance Chain - Blockchain Brad Video explains that and much more

https://www.youtube.com/watch?v=G1b9TX6rcuI

34:45 We have been talking to Binance about adding Binance chain and connected Binance chain into Overledger means all the enterprises running permissioned blockchains can access Binance chain through Overledger for the first time, as you can't today there's no way to do it. As well as everyone on Binance chain being able to talk to enterprises resulting in more customers for both parties, but also allows Binance chain to use Ripple, Ethereum, EOS etc through Overledger.

Recommend you watch the entire video (is long but lots of information that explains the scale of this project). Overview of some of the main points below with time stamps so you can refer to the video. Blockchain Brad does really indepth Reviews on projects and doesn't get paid for them so definitely worth checking out his channel as well.
02:15 - Explains verticals Quant are targeting - Financial services, Government, Healthcare, manufacturing, supply chain, IOT
03:40 Bank client that went with hyperledger fabric 2 years ago and used Overledger to migrate to another blockchain
4:35 Working with 570 banks
5:15 - "What ripple have been trying to do talk to each bank and sign them on 1 by 1, IBM with stellar i've heard that hasn't gone to well lately so we are looking into it. They are trying to sign on banks 1 by 1 and that's going to take a long time to do it
6:15 every bank has a payment gateway - does SWIFT, domestic payments, credit cards, international payments whatever the gateway does and SIA runs that infrastructure, secure and regulated by the Bank of Italy, complies to the highest level of security and I ran a similar environment in the UK on behalf of the Bank of England.
So all of these banks have all of these gateways, and on these gateways Sia has SIAChain which is there implementation of 3 blockchains, Corda, Hyperledger Fabric and Ethereum and so these blockchains already exist within that network and there are applications running on them today and what we are doing is these applications are limited because they are running on one blockchain and we're bringing interopreability to it to create cross platform banking applications, core banking applications, this is rearchitecting the banking system that use Overledger and all the different blockchains, but more importantly to allow all these banking systems to connect and interoperate, so this is a big deal, your taking closed secure banking networks and allowing them to interoperate to create new multi chain applications to work across cross border networks
10:26 the clients we are working with banking is just the start, we're working with government, working in research in a huge conglomerate, these are going to use Overledger internally for their group which is all around the world
10:54 we're allowing business interoperability, allowing trade corridors between countries and companies across borders which are not there today, and when you think about whats happening with digital assets and people are making their own tokens - JP Morgan's coin is a great exmaple, i don't see why every other bank is not going to have their own token, so there could be a HSBC one, Santander etc, everyone is going to have their own banking internal token which is used for internal accounting purposes, moving assets. We are allowing banks to communicate openly with each other
14:50 Our vision is to be the foundation of the next financial system (DeFi) and we are reacrchitecting this and we are not just working with retail and commercial banks but also regulators and central banks, this is the level that we are working with.
16:38 570 banks they are going to use the technology at scale and we're not just having an application that does one thing, we're doing payments, clearing, settlement across different networks for all these banks
18:07 what we are doing with our architecture is automating and digitizing that across different blockchains and settling between different types of currencies, tokens, assets, value in real time and that's going to fundamentally change the financial system, this is a global financial change to the financial system we are not just doing bank to bank, we are re-architecting how finance works in the future
19:20 We ran the payment infrastructure for the bank of england and that's treated as the government as critical national infrastructure, thats the highest level of criticality because its so fundamental to the security of the country. By having the experience and know what it takes to run a secure financial infrastrcuture and meeting the requirements of the regulators. First you meet the regulators, explain how it works
24:52 And now we're expanding to the US where we have clients lining up that want to work with us over there. We're going to build US Market specific products from the US, for the US market using Overledger, we're looking at things beyond just banking and payments, we're looking at traditional exchanges, digital assets, asset management, and the same for Australia and other regions.
27:27 we are really looking at ASIA, especially around singapore, hong kong and we are working with partners to go there, just yesterday we had a meeting with a $8 billion company based in the ASIA region and they want to use Overledger for their clients and they are going to help us expand to that region, once we partner with the right bigger players
34:45 We have been talking to Binance about adding Binance chain and connected Binance chain into Overledger means all the enterprises running permissioned blockchains can access Binance chain through Overledger for the first time, as you can't today there's no way to do it. As well as everyone on Binance chain being able to talk to enterprises resulting in more customers for both parties, but also allows Binance chain to use Ripple, Ethereum, EOS etc through Overledger.
49:08 Oracle is one of our partners, they love what we are doing, they have looked at the technology and said interoperability is something all our customers are wanting and we are working together, we are part of the Oracle Startup ecosystem and there's more coming from that space, enterprises love the technology and its not just Oracle, but others that i can mention once allowed that want to take our technology at scale to their customers because it solves the biggest painpoints for enterprises and from a competition perspective rather than building they are partnering.
50:04 These are multinational global organisations with 100,000 + employees, this is the scale that we are working towards to take Overledger to the mass market. We can't do it one by one in each country and sign them up but we can partner with someone that has 100 customers and they can take it to all their customers as well which helps with the adoption of our technology
53:25. Regarding exchanges we are under NDA with a few but we are focusing on Exhcanges which are good enough for the volume and the clients and the scale that we bring. Just being transparent we are looking at traditional exchanges that also have the ability to look at Digital Assets and Quant Token is a digital asset, the market has changed since last year the big players have onboarded the ability to talk and transact digital assets on traditional exchanges that do stocks and bonds and derivatives and all traditional finance products. The market especially in Europe there's some regulatory stuff in the US that some are waiting to clear and thats fine but we're going to cater for all markets because what we bring is that Enterprise depth and volume because people need the QNT token and its explained in the Utility paper.
54:58 You need the QNT token to access the ecosystem, you need it for transactions and volume and from a security perspective nothing will run unless you have the tokens and all transactions have to be signed and validated and encrypted using the keys and the QNT token for security purposes, so without it nothing will work
55:40 Regarding when are we going to see the traditional exchanges - is it going to be sometime this year - yes absolutely, definitely sometime this year.
1:06:25 we have a couple of development houses that are using Overledger in telecoms for their customers and looking at royalties and building that on Overledger which is all multi chain. We've got some others in banking that are separate to the SIA banks and supply chain and yes there's lot of clients.
1:08:30 People need to understand that patents are key to keeping the IP and the value of the technology you're building and like every other technology company like Apple, Microsoft or whatever they all have hundreds of patents to protect
Last week we had one which was published and that's taken around 2 years to get to that level and then we just add more patents to support that one and then we have to go different jurisdictions. It's very important to us because you're keeping the value of the technology and you're protecting the value of the technology and if someone tries to copy it we've got the patents that protect it and helps the company
1:11:30 No we're not planning to exit, we're here for the long run, we see the potential, our customers see the potential we have a lot of investors talking to us who see the potential of what we are doing. we have the managing director of Rockefeller Capital Management on our board and there's other people at that level are going to join as well and so we're taking this as a long term thing and globally. We have had queries about that from a few in the last year and we have said no, not interested
You can also find out more info about Quant at the following:
https://medium.com/@CryptoSeq/quant-network-partner-with-sia-a-game-changer-for-mass-blockchain-adoption-by-financial-9059ab411069
https://medium.com/@CryptoSeq/quant-networks-overledger-part-eight-enabling-enterprise-mass-adoption-f0e0e41363ab
submitted by xSeq22x to binance [link] [comments]

@cz_binance: RT @iconow_net: Binance can now purchase Bitcoin (BTC) and other cryptocurrencies through Rupee bank transfers that are powered by WazirX, the Indian digital exchange for assets. @binance @cz_binance #btc #crypto https://t.co/kC2592TZSI

submitted by rulesforrebels to BinanceTrading [link] [comments]

@cz_binance: In Jan 2016, Chairman of Central Bank of China says Blockchain is important. Bitcoin companies in China suddenly all became blockchain companies. And thankfully (for me), price started to recover, and lead into the #altszn in 2017, as well as $BTC ATH again at $20,000 in Dec.

submitted by rulesforrebels to BinanceTrading [link] [comments]

@cz_binance: Me explaining btc to people: bitcoin doesn't exist. Nowhere, not in a computer, not in a bank, not physically. It's calculated based on a ledger... And it has tremendous value. Can I make myself sound more like a rat poison salesman? Who invented this stuff? https://t.co/ttDGMxyUPJ

submitted by rulesforrebels to BinanceTrading [link] [comments]

Binance CEO Reacts As World’s Fourth-Largest Bank Publishes Explainer on Bitcoin and Its Rising Price

Binance CEO Reacts As World’s Fourth-Largest Bank Publishes Explainer on Bitcoin and Its Rising Price submitted by n4bb to CoinPath [link] [comments]

Will Bitcoin Margin Trading Help Binance and Coinbase Survive Big Banks Entering Crypto? | NewsBTC

Will Bitcoin Margin Trading Help Binance and Coinbase Survive Big Banks Entering Crypto? | NewsBTC submitted by yogaandpickles to binancemargintrading [link] [comments]

Will Bitcoin Margin Trading Help Binance and Coinbase Survive Big Banks Entering Crypto?

Will Bitcoin Margin Trading Help Binance and Coinbase Survive Big Banks Entering Crypto? submitted by leftok to atbitcoin [link] [comments]

Will Bitcoin Margin Trading Help Binance and Coinbase Survive Big Banks Entering Crypto?

Will Bitcoin Margin Trading Help Binance and Coinbase Survive Big Banks Entering Crypto? submitted by ThrillerPodcast to thrillerpodcast [link] [comments]

Will Bitcoin Margin Trading Help Binance and Coinbase Survive Big Banks Entering Crypto?

Will Bitcoin Margin Trading Help Binance and Coinbase Survive Big Banks Entering Crypto? submitted by Ricktap458 to BestBitcoinNews [link] [comments]

Will Bitcoin Margin Trading Help Binance and Coinbase Survive Big Banks Entering Crypto? - newsBTC

Will Bitcoin Margin Trading Help Binance and Coinbase Survive Big Banks Entering Crypto? - newsBTC submitted by prnewswireadmin to cryptonewswire [link] [comments]

Tron CEO Calls Bitcoin Bottom, Goldman Sachs Says Crypto Will Challenge Banks, and Binance-Backed Token Sale Blasts Off - The Daily Hodl

Tron CEO Calls Bitcoin Bottom, Goldman Sachs Says Crypto Will Challenge Banks, and Binance-Backed Token Sale Blasts Off - The Daily Hodl submitted by ulros to fbitcoin [link] [comments]

Tron CEO Calls Bitcoin Bottom, Goldman Sachs Says Crypto Will Challenge Banks, and Binance-Backed Token Sale Blasts Off

Tron CEO Calls Bitcoin Bottom, Goldman Sachs Says Crypto Will Challenge Banks, and Binance-Backed Token Sale Blasts Off submitted by leftok to atbitcoin [link] [comments]

Tron CEO Calls Bitcoin Bottom, Goldman Sachs Says Crypto Will Challenge Banks, and Binance-Backed Token Sale Blasts Off - The Daily Hodl

Tron CEO Calls Bitcoin Bottom, Goldman Sachs Says Crypto Will Challenge Banks, and Binance-Backed Token Sale Blasts Off - The Daily Hodl submitted by prnewswireadmin to cryptonewswire [link] [comments]

How long will it take to verify my account? I would also like to know if I can substitute the utility statement with something like mail from my bank. I’ve tried the live chat but even after 6hrs I got no response. I just want to withdraw my bitcoin and transfer it to binance.

Edit: After speaking with u/bogueart my account is now verified. Hopefully in the future the experience is smoother because there’s definitely potential for this exchange. In the future, please have some sort of notice on the website that says something along the lines of “heavy traffic, expect longer wait time than usual”. At least we won’t be left in the dark wondering if we just lost our money.
submitted by DrLongclaw to einsteinexchange [link] [comments]

Warren Buffett on Bitcoin, Binance > Deutsche Bank and Bitcoin Cash claims real Bitcoin status. Plus more in this week’s Crypto Weekly

Warren Buffett on Bitcoin, Binance > Deutsche Bank and Bitcoin Cash claims real Bitcoin status. Plus more in this week’s Crypto Weekly submitted by CryptoKenCan to CryptoCurrency [link] [comments]

I bought $1k of the Top 10 Cryptos on January 1st, 2018 (Sept Update)

I bought $1k of the Top 10 Cryptos on January 1st, 2018 (Sept Update)
EXPERIMENT - Tracking Top 10 Cryptos of 2018 - Month 33 - Down -76%
See the full blog post with all the tables here.
tl;dr
  • First one to find the three hidden cultural references gets some moons.
  • What's this all about? I purchased $100 of each of Top Ten Cryptos in Jan. 2018, haven't sold or traded. Did the same in 2019 and 2020. Learn more about the history and rules of the Experiments here.
  • September - BTC, although -8%, outperforms the field this month.
  • Overall since Jan. 2018 - Bitcoin miles ahead of the pack, and only one close-ish to break even point.
  • Combining all three three years, Top Ten cryptos underperforming S&P if I'd taken a similar approach.

Month Thirty Three – Down 76%

2018 Top Ten Summary for September
After a rough start to September, crypto spent the month trying in vain to claw back ground. While a few coins rebounded quite a bit from the monthly lows, most ended up finishing the month significantly down. Out of the 2018 Top Ten group, Bitcoin lost the least, down -8% in September. NEM followed it’s winning August (yes, you read that right) with the poorest performance, down -26%.

Question of the month:

Which cryptocurrency exchange won approval to create America’s first crypto bank in September?

A) Binance B) Binance.us C) Kraken D) Coinbase
Scroll down for the answer.

Ranking and September Winners and Losers

Rank of 2018 Portfolio - 50% no longer in Top Ten
A lot of shuffling in September. On the upside, Bitcoin Cash and Cardano gained one place each landing at #5 and #10 respectively. Cardano gets special mention for re-entering the Top Ten.
Heading the wrong direction were IOTA, NEM, Dash, and Stellar each falling two or three spots.
The big story though, for long time crypto watchers, was the ejection of Litecoin from the Top Ten, down five places from #7 to #12 in just one month. For some context, Litecoin’s absence from the Top Ten is a Top Ten Experiment first. It is also the first time since CoinMarketCap has tracked crypto rankings that Litecoin has not been in the Top Ten.
Drop outs: After thirty-three months of this experiment 50% of the cryptos that started 2018 in the Top Ten have dropped out. NEM, Litecoin, Dash, IOTA, and Stellar have been replaced by Binance Coin, Tether, BSV, LINK, and most recently, DOT.
September Winners – Although it lost -8% of its value, this month’s W goes to Bitcoin. ADA gets second place, down -15% and climbing back into the Top Ten.
September Losers – As most probably expected after an extremely out of character victory last month, NEM came back down to earth in September, bigly, down -26%. Litecoin finished right behind, down -24% and dropping out of the Top Ten.
For the overly competitive, below is a tally of the winners of the first 33 months of the 2018 Top Ten Crypto Index Fund Experiment. Bitcoin still has the most monthly wins (8) and Cardano in second place with 6 monthly wins. With its poor September performance, NEM now has 7 monthly losses.
Ws and Ls - One clear winner
Every crypto has at least one monthly win and Bitcoin is unique as the only cryptocurrency that hasn’t lost a month yet since January 2018.

Overall update – BTC solidly in the lead, followed by ETH. Dash in the basement, LTC drops out of the Top Ten.

Even though BTC took a bit of a detour on its way back to break-even point, it is still far ahead of the field, down -17% since January 2018. The initial investment of $100 thirty-three months ago is now worth about $83. Second place Ethereum is down -49% over the same time period.
At this point in the 2018 Top Ten Experiment, Dash is at the bottom. It is currently worth $70.49, down from a January 1st, 2018 starting price of over $1,000. That’s a loss of -93%. The initial $100 invested in Dash 33 months ago is now worth $6.77.
The big story this month is LTC’s departure from the Top Ten, the first time since I started the experiment back in January 2018. Whether or not it will eventually fend off the new generation of coins remains to be seen, but it certainly is noteworthy to have one of the most well known and long standing cryptos drop out of the Top Ten. Consider pouring one out for Litecoin.

Total Market Cap for the entire cryptocurrency sector:

The crypto market lost over $35B in September and is down -39% since January 2018. The value of the overall crypto market is near where it was in August of this year, just a few months back. As painful as the beginning of the month was, looking at a table like this helps with perspective, especially if you’re panic prone.

Bitcoin dominance:

After steadily dipping for months, BitDom increased a bit in September, up to 57.5%.
For some context: since the beginning of the experiment, the range of Bitcoin dominance has been quite wide: we saw a high of 70% BitDom in September 2019 and a low of 33% BitDom in February 2018.

Overall return on $1,000 investment since January 1st, 2018:

The 2018 Top Ten Portfolio lost -$50 this month. If I cashed out today, the $1000 initial investment would return about $238, down -76% from January 2018.
September broke an encouraging upward trend, but at least the portfolio is taking a break from the -80% range. Here’s a look at the ROI over the life of the experiment, month by month, for some context:
33 Monthly ROIs on Top Ten since Jan 2018
The absolute bottom was -88% back in January 2019.
So the Top Ten Cryptos of 2018 are down -76%. What about the 2019 and 2020 Top Tens? Let’s take a look:
So overall? Taking the three portfolios together, here’s the bottom bottom bottom line:
After a $3000 investment in the 2018, 2019, and 2020 Top Ten Cryptocurrencies, my combined portfolios are worth $‭3,340‬ ($238+ $1,538 +$1,564).
That’s up about +11% for the three combined portfolios, compared to +31% last month.
Here’s a table to help visualize:
Combined ROI on $3k over 3 years - UP +11%
That’s a +11% gain by investing $1k on whichever cryptos happened to be in the Top Ten on January 1st for three straight years.
But surely you’d do better if you went all in on one crypto, right?
Depends on your choice. Let’s take a look:

ETH for the win
Only five cryptos have started in the Top Ten for all three years: BTC, ETH, XRP, BCH, and LTC (unless Litecoin can make a comeback by the 1st of Jan. 2021, it’s not going to make the four year club!). Knowing what we know now, which one would have been best to go all in on?
Ethereum, by a pretty good margin: the initial $3k would be up +104%, worth $6,118 today. The worst choice of a basket to put all your eggs in at this point in the experiment is XRP, down by almost one third.

Comparison to S&P 500:

I’m also tracking the S&P 500 as part of the experiment to have a comparison point with other popular investments options. The S&P 500 Index fell from an all time high in August, but is currently up +26% since January 2018.
S&P since Jan. 2018
The initial $1k investment into crypto on January 1st, 2018 would have been worth about $1260 had it been redirected to the S&P.
But what if I took the same invest-$1,000-on-January-1st-of-each-year approach with the S&P 500 that I’ve been documenting through the Top Ten Crypto Experiments? Here are the numbers:
  • $1000 investment in S&P 500 on January 1st, 2018 = $1260 today
  • $1000 investment in S&P 500 on January 1st, 2019 = $1350 today
  • $1000 investment in S&P 500 on January 1st, 2020 = $1050 today
Taken together, here’s the bottom bottom bottom line for a similar approach with the S&P:
After three $1,000 investments into an S&P 500 index fund in January 2018, 2019, and 2020, my portfolio would be worth $3,660.
That is up +22% since January 2018, compared to a +11% gain of the combined Top Ten Crypto Experiment Portfolios.
That’s an 11% swing in favor of the S&P 500 and breaks a two month mini-streak of wins from the Top Ten crypto portfolios.
S&P vs. Top Ten Crypto Experiments
That’s seven monthly victories for the S&P vs. two monthly victories for crypto. The largest gap so far was a 22% difference in favor of the S&P in June.

Conclusion:

September was a tough month for both traditional and crypto markets. What’s next for the rest of 2020? More volatility is no doubt to come as we enter the last quarter of a truly unpredictable and exhausting year. Buckle up.
Thanks for reading and for supporting the experiment. I hope you’ve found it helpful. I continue to be committed to seeing this process through and reporting along the way. Feel free to reach out with any questions and stay tuned for progress reports. Keep an eye out for my parallel projects where I repeat the experiment twice, purchasing another $1000 ($100 each) of two new sets of Top Ten cryptos as of January 1st, 2019 then again on January 1st, 2020.

And the Answer is…

C) Kraken
According to an official announcement in September, Kraken is “the first digital asset company in U.S. history to receive a bank charter recognized under federal and state law.”
submitted by Joe-M-4 to CryptoCurrency [link] [comments]

A word of caution about exchanges, privacy and your permanent history on the blockchain

I had an account restricted on a major exchange this year and it's not a pleasant experience. Just wanted to share my experience, since I see so many have been through something similar in several exchange-related subreddits. My case happened at Bittrex but I think it's important to note that this may happen on any exchange, not just Bittrex. People are depositing way too much trust in these exchanges and it may come back to bite them. Here's my experience as honestly as I'm able to put it. Bittrex is technically great, contrary to what many say the system just works. Works great in fact, fast and very few glitches in many many years. I think I must've been a very early customer back when things were very informal and until 2020 I had absolutely zero problems with Bittrex. I always thought they were above the pack when it came to system security design and reliability. Despite joining when it was very early, I did full KYC and had the top tier withdrawal limit even though KYC wasn't obligatory back when I joined. I did it all formally because I wanted to have a sort of bank account I could trust, I didn't want to be jumping from exchange to exchange like some crypto traders did. I never used as much as 0.01% of this withdrawal limit, I'm small fish but it was nice to know I could move tons of BTC like the whales if I ever needed to. So I sent them all my real data, work address and so forth. Then Bittrex got moved out of USA and into some country, don't know where. Which was fine by me, I thought it was the same people behind it, doing some formality. Then one day a person with a drawing for a profile pic and some strange username decides to contact me out of nowhere using the Bittrex tech support interface. They know everything about me, but I don't know anything about them. No contact info visible, nothing. This support person sends you a statement you must sign and then based on that they begin to ask for specific documents. I wanted to keep my relationship with Bittrex, so I filled signed and returned it. Then they dived into each item in the thing requesting more documents based on each. So if you said you previously worked for ACME, they'll ask to see ACME related stuff. I said I bought Bitcoin using Bank X, so they wanted to see Bank X statements. And so on. They begin to dig into each specific item you inform. Then it downed on me that maybe I was under some formal audit, in which case I'd have the right to know so I could hire an accountant or lawyer. So I politely asked. They don't tell you anything. You don't even know who the person is on the other side, there is no identification at all of who's contacting you. You're sending all your personal informations to someone who, as far as you know, could be a cat or a dog typing on a random keyboard. So I then asked them why so much detail was needed, since I'd provided lots already. They ignore and just say thank you for your cooperation and proceded to ask for more stuff. I said fine let's do this and went along. Then they asked for specific crypto addresses for the tokens I'd used in the past. Like the address of whoever sent me some XXXX token years ago. I then thought hey man this is too much, do you need me to fax or mail you my ID or something, I'd do it but whatever I enter in there could spell trouble for me. For example, if some guy whose ETH address did something nasty, but coincidentally paid me years ago using that same address, if I gave them my address from the past, in those several years it could mean this person is now a wanted criminal and it'd spell trouble for me, who knows what the person did afterwards, then my account would be forever linked to that rogue address. I began to reflect on this and thought wait, this is not good, I could put myself into a 'bad address' database for no reason. Then I told them I would not send the crypto addresses. They said thanks let's continue the process. It felt weird overall, it just keeps going and demanding more information. I then asked for someone to speak to or somewhere physical I could go to, to talk and show that I'm a real person, they never reply anything, they just ask for more. So I finally gave up and stopped replying and they apparently restricted my account or something. I'll have to go back and reopen the ticket and request account reactivation but then they'll probably restart the same process again. I'm not really that much of a fan of crypto these days, so I'm thinking maybe it's time to call it quits. The reason I'm writing this is to let everyone know that whatever you do in crypto gets forever linked to you. You begin thinking it's some informal thing and that there's some freedom but there really isn't. You may fool around with crypto but then someone is recording everything and will demand you make everything formal in the future. When I joined Bittrex everything was more informal in crypto, even shapeshift and others allowed you to trade crypto with no ID at all, 100% anonymous. Heck even faucets gave out free Bitcoin back in the day. Then all of a sudden everything you do in these exchanges will be audited and you'll need to provide formal documents for everything you did in the past 10 years. Some anonymous operator (this isn't specific to Bittrex, all of them do it that way) with no office has all your info but you know nothing about them in return. You don't even know where these exchanges are located at all. I saw a Facebook post about Binance not even having a formal country, they're "all over t he place". Sure that sounds cool but...who do you turn to when they demand legal stuff from you? Someone out there has all your financial information but you have nothing, you have no security, no legal protection, nothing and they have everything. So, be careful. This isn't all specific to Bittrex, any exchange can and probably will do the same. Point is crypto is a formal thing and will spell trouble for you in the future. Especially since blockchain analysis is way too primitive still, your addresses could somehow end up in a bad neightborhood. The pandemic kinda reminded me of blockchain transactions, you may end up infected because you have no way to know what others have been doing while you were doing everything right.
submitted by cromozomesten to Buttcoin [link] [comments]

Help needed with possible bitcoin scam "in progress", can I get some money back?

Good day all, so, although I was relatively safe, I would like your advice and take on this:
I just wasted 300USD into it, and I am not 100% sure it is a scam. I would like to warn people/ask for advice.
A year or 2 back I matched a girl on tinder who came from HongKong and we became acquantainces on whatsapp: never met each other in real life, but talked off and on. Three months ago (I assume that's when she lost her number to someone else) she started talking about investing and getting some money out of it, which I initially didn't really care about, since I am happy with my index funds. She had a friend of an uncle who advised her. The weird part is that she still continued to send pictures of her doing stuff.
After three months I decided: The worst part that can happen is me losing 100USD to the bitcoin market.
She convinced me to open an account on Binance, bank-transfer money into it and then transfer to a MT5 trading platform. After I talked with the advisor, he said he would advice me on 3 deals to 'show his sincerity' and he would obtain his fee by the transfer fees. He adviced me twice to 'short-sell' at some point. I am currently at two trades and have made (in my opinion) a rediculous amount of money (80% gain) and I am now at like 540USD according to this platform. However, when I tried to withdraw 20USD money from the account on their site, it failed and some (czech?) websites indicated the website was a scam.
After the weekend he will probably contact me for a 3th trade, where I assume I probably lose all my money. I would, ofcourse, like my money back: What are my options?
- She knows my financial situation and that I have 30k inheritance coming my way (told her about the funeral a month back), can I try to bait them back? ;)
- I am from Germany, can I go to the authorities or is it too early?
- I notified Binance, but they can't do anything (obviously).
Thanks in advance. It is really complicated and I wondered why I didn't lose the contact/money when I transferred it from binance already.

Update: got their IP-Adress through some elaborate means, which is 103.82.4.131 Which is also reported to be scammy. If someone has a DDOS lying around, that would be nice :P. (Joking, not suggesting!). Hopefully this IP is not against rule #1
submitted by Jhovall to Scams [link] [comments]

Binance - Bitcoin Einzahlen, andere Coins kaufen & auf das ... Bitcoin & Co. per Kreditkarte auf Binance kaufen ✅ Open a Binance US Bitcoin Trading Account - YouTube How to buy bitcoin in Japan। bit bank to Binance Deposit ...

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Binance - Bitcoin Einzahlen, andere Coins kaufen & auf das ...

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