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Q&A Thoughts on Binance?

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steady bro
post Feb 1 2021, 10:22 PM

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QUOTE(HokkienMee_Lover @ Feb 1 2021, 10:16 PM)
is ledger worth it to buy rn?? saw one on carousell 250 only, macam yes wei

and its to keep crypto btc only right and we'll have to withdraw using like binance to convert back into usd/myr??
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and u also need to be careful when using a wallet (be it physical or mobile), cos u will be entirely responsible for the access to the wallets, if you lose the access to the wallet means the coins inside is as good as gone, its not like banks u forgot ur password u still can go branch prove your identity and reset the password, for cryptos nobody knows who is the owner of the account and only the person holding the keys can access the wallet
TSHokkienMee_Lover
post Feb 1 2021, 10:24 PM

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QUOTE(Doomsday @ Feb 1 2021, 10:17 PM)
dun buy ledger from unauthorized reseller, just get from Ledger site.

U know that there is hardware tempering on it if that's not legit ledger. Meaning hacker gets your private keys and transfer out without your knowledge.
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https://bitstore.com.my/product/ledger-nano-s/ found this for malaysia one, legit mou??

and also above link think no stock already, other than that where can i buy one?? cuz this type of thing seems like very cold here and not many shops got sell one
TSHokkienMee_Lover
post Feb 1 2021, 10:27 PM

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QUOTE(steady bro @ Feb 1 2021, 10:22 PM)
and u also need to be careful when using a wallet (be it physical or mobile), cos u will be entirely responsible for the access to the wallets, if you lose the access to the wallet means the coins inside is as good as gone, its not like banks u forgot ur password u still can go branch prove your identity and reset the password, for cryptos nobody knows who is the owner of the account and only the person holding the keys can access the wallet
*
by losing access is liek losing the long bunch of key codes?? are those for one time usage or like the wallet key thats for the whole wallet including all amount in the wallet??
Doomsday
post Feb 1 2021, 10:29 PM

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QUOTE(HokkienMee_Lover @ Feb 1 2021, 10:24 PM)
https://bitstore.com.my/product/ledger-nano-s/ found this for malaysia one, legit mou??

and also above link think no stock already, other than that where can i buy one?? cuz this type of thing seems like very cold here and not many shops got sell one
*
I am not sure is this one legit or not, best bet is to get software wallet for starters.

QUOTE(HokkienMee_Lover @ Feb 1 2021, 10:27 PM)
by losing access is liek losing the long bunch of key codes?? are those for one time usage or like the wallet key thats for the whole wallet including all amount in the wallet??
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yes, it is a bunch of phrases like, fish, market, yacht....... that's your private key

if u lost the phrases, u are GG
steady bro
post Feb 1 2021, 10:31 PM

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QUOTE(HokkienMee_Lover @ Feb 1 2021, 10:27 PM)
by losing access is liek losing the long bunch of key codes?? are those for one time usage or like the wallet key thats for the whole wallet including all amount in the wallet??
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1) private key - key to access the wallet

2) 12 word seed - words to restore the wallet if u lose access to your original wallet , this will create a new wallet and transfer the coins from your old wallet to this new wallet

if someone gets your 12 word seed, then he can basically get all the cryptos in your wallet 1 shot


TSHokkienMee_Lover
post Feb 1 2021, 10:36 PM

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QUOTE(steady bro @ Feb 1 2021, 10:31 PM)
1) private key - key to access the wallet

2) 12 word seed - words to restore the wallet if u lose access to your original wallet , this will create a new wallet and transfer the coins from your old wallet to this new wallet

if someone gets your 12 word seed, then he can basically get all the cryptos in your wallet 1 shot
*
that 12 word seed seems like the biggest gg if got stolen
TSHokkienMee_Lover
post Feb 1 2021, 10:37 PM

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QUOTE(Doomsday @ Feb 1 2021, 10:29 PM)
I am not sure is this one legit or not, best bet is to get software wallet for starters.
yes, it is a bunch of phrases like, fish, market, yacht....... that's your private key

if u lost the phrases, u are GG
*
any software wallets to recomend?? saw it when searching saying that some wallets are scam, they could basically exit scam and all money gg
steady bro
post Feb 1 2021, 10:43 PM

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QUOTE(HokkienMee_Lover @ Feb 1 2021, 10:36 PM)
that 12 word seed seems like the biggest gg if got stolen
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yes, and u are entirely responsible in keeping the 12 word seed safe, if anyone else gets it and transfer away your cryptos, then its over already, you cannot go complain to bitcoin foundation say got ppl steal your 12 word seed and steal your bitcoins away from your wallet and reverse the transaction, cos nobody can prove the owner of the wallet is you and bitcoin transactions cannot be reversed
Doomsday
post Feb 1 2021, 10:44 PM

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QUOTE(HokkienMee_Lover @ Feb 1 2021, 10:37 PM)
any software wallets to recomend?? saw it when searching saying that some wallets are scam, they could basically exit scam and all money gg
*
coinbase?

I using metamask for keeping other coins. not sure suitable for you..
Doomsday
post Feb 1 2021, 10:46 PM

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QUOTE(HokkienMee_Lover @ Feb 1 2021, 10:36 PM)
that 12 word seed seems like the biggest gg if got stolen
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if stolen or lost, your whole crpyto is gone in cyberspace.

It's your responsible to keep secure it. When u get the ledger it has cards for u write it down the phrases for offline keeping.
teehk_tee
post Feb 1 2021, 10:48 PM

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QUOTE(HokkienMee_Lover @ Feb 1 2021, 10:36 PM)
that 12 word seed seems like the biggest gg if got stolen
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not just stolen.

if u lost it also u will never get it back.
this is the golden key.
ShinG3e
post Feb 1 2021, 10:52 PM

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QUOTE(steady bro @ Feb 1 2021, 08:57 PM)
wahh 230% drool.gif

yeah if price rally like 500-600% or more (very common for low marketcap coins), u really untung kaw kaw ledi thumbup.gif  thumbup.gif
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bro, price rally 260% already la (30D). brows.gif

https://www.coingecko.com/en/coins/pancakeswap/myr

yield + rally = ?????? brows.gif

the marketcap not too low also. inching closer to uniswap and sushiswap.

QUOTE(HokkienMee_Lover @ Feb 1 2021, 10:20 PM)
wow,big money, mind if i ask u got interest how much?? seems like a solid deal for newcomers like me
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per mth or per day? brows.gif

per day at current price: 1,XXX brows.gif

This post has been edited by ShinG3e: Feb 1 2021, 10:52 PM
TSHokkienMee_Lover
post Feb 1 2021, 10:54 PM

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QUOTE(ShinG3e @ Feb 1 2021, 10:52 PM)
bro, price rally 260% already la (30D).  brows.gif

https://www.coingecko.com/en/coins/pancakeswap/myr

yield + rally = ??????  brows.gif

the marketcap not too low also. inching closer to uniswap and sushiswap.
per mth or per day?  brows.gif

per day at current price: 1,XXX  brows.gif
*
fuyooh profit kaw kaw
steady bro
post Feb 1 2021, 10:54 PM

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QUOTE(ShinG3e @ Feb 1 2021, 10:52 PM)
bro, price rally 260% already la (30D).  brows.gif

https://www.coingecko.com/en/coins/pancakeswap/myr

yield + rally = ??????  brows.gif

the marketcap not too low also. inching closer to uniswap and sushiswap.
per mth or per day?  brows.gif

per day at current price: 1,XXX  brows.gif
*
wahh u really huat liao thumbup.gif thumbup.gif

so tomorrow throw letter liao? tongue.gif
Learjet35
post Feb 1 2021, 10:57 PM

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QUOTE(HokkienMee_Lover @ Feb 1 2021, 10:16 PM)
is ledger worth it to buy rn?? saw one on carousell 250 only, macam yes wei

and its to keep crypto btc only right and we'll have to withdraw using like binance to convert back into usd/myr??
*
I have ledger new one Rm200. Till now using hardware ledger. Just make sure u set the password correctly la
ShinG3e
post Feb 1 2021, 10:58 PM

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QUOTE(HokkienMee_Lover @ Feb 1 2021, 10:54 PM)
fuyooh profit kaw kaw
*
stonk + luck brows.gif

QUOTE(steady bro @ Feb 1 2021, 10:54 PM)
wahh u really huat liao  thumbup.gif  thumbup.gif

so tomorrow throw letter liao? tongue.gif
*
not working already bro lel laugh.gif
TSHokkienMee_Lover
post Feb 2 2021, 12:26 AM

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QUOTE(ShinG3e @ Feb 1 2021, 10:58 PM)
stonk + luck  brows.gif
not working already bro lel  laugh.gif
*
steady bom pipi u
ShinG3e
post Feb 2 2021, 12:58 AM

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QUOTE(HokkienMee_Lover @ Feb 2 2021, 12:26 AM)
steady bom pipi u
*
brows.gif

crypto = equal opportunity
WeAreDegens
post Feb 2 2021, 01:22 AM

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QUOTE(HokkienMee_Lover @ Feb 1 2021, 11:24 PM)
https://bitstore.com.my/product/ledger-nano-s/ found this for malaysia one, legit mou??

and also above link think no stock already, other than that where can i buy one?? cuz this type of thing seems like very cold here and not many shops got sell one
*
buy directly from ledger, n remember 2 use a reshipper

their databases is leakier than a broken tap, leaking customers here der everywhere

or just get a trezor, they'll autopurge their db periodically
koopa
post Feb 2 2021, 01:24 AM

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QUOTE(HokkienMee_Lover @ Jan 31 2021, 02:28 PM)
For people who don’t know what is Binance, Binance is a cryptocurrency trading platform.

From what I have found online:
1. Binance has low transaction fee
2. Binance has way more crypto to buy and at a lower rate
3. Binance is easy to register for an account

But
1. Binance can’t let u withdraw fiat currency, only crypto can be withdrawn

The above points are what I have gathered after doing some searching

The problem is that I’m still at lost on how to withdraw funds into usd/myr

I have heard about some intermediate application to transfer funds from btc to usd/myr like TransferWise and other application. But I’m still not sure how is the process and how’s the rate of exchange.
*
I used alot in 2018. very very good.

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