GanBin

Try and get this right, trading on a platform does not mean you will gain, the gain made is because you buy at low price and sell at high price. On the same platforms, if the price get lower, that means loss is the result.

It also depends on the coin, like some coins are not safe and suffer 51% attacks. That is why it is good to go for good and safe cryptocurrencies like bitcoin and ethereum which have strong blockchain.

That is one of the best you can do if you withdraw your fund immediately. But if your seed phrase is kept safe and not accessible by the thief, nothing will happen. Using passphrase to also secure your funds on the hardware wallet will be good. I'm this case, if I am you, I will not bother to transfer my funds but to buy another hardware wallet and import my seed phrase. But you idea is createtoo. Why faucet wallet, I guess you are not right, there are safe and better wallets to move your funds.

In term of safety, I will not recommend online wallet, I will recommend hardware wallet which is better and safer. Blockchain wallet is a web wallet, how is it safe if it is online with too many customers complaining about the wallet, although issues are solved in many cases. Wallets do not charge transaction fee, miners are the ones that take and earn the fee not wallet. Coinomi and atomic wallet are good but I will still prefer coinomi but it is close source which will make me still go for trezor.

First of all, know that yobit is not a wallet but better than PayPal. PayPal is northern a wallet but a scam ways of buying cryptocurrencies but not able to send it to another wallet, so I. This regard, PayPal needs to be called neither an exchange nor a wallet. It is the first of its kind.

But trust wallet can be assumed to be one of the best wallet but it should be, the source code is close, while it is online wallet, it is mobile wallet. Not hardware wallet, not any cold wallet, I will not guarantee saving high amount on it which hardware wallets are recommended for. But trust wallet is good though and recommended for low amount and for exchanging and swapping from one coin to another one.

No work is stored offline, only cryptocurrencies are stored offline using cold wallet. Also not all cold wallets are hardware wallets, but all hardware wallets are cold wallets. Cold wallets can also be paper wallet or the one stored using flash drive and the likes.

Hardware wallets are very good, they are the one of the easy access but yet safest means to store cryptocurrencies. Not only bitcoin can be stored on hardware wallets but many other cryptocurrencies including ERC 20 tokens can be stored on hardware wallets.

Yes, 10 minutes is required but on average. If miners are increasing, the time can be decreasing than 10 minutes until 2 weeks has been over to make the reward mining correct to be 10 minutes. This is in accordance to the mini g difficulty which are calculates and used to adjust the reward algorithm to be 10 minutes.

You are right, but some online wallet said their private key are stored on devices, like the coinomi wallet, I do not seem to understand that. Is storing private key on phone the same as online? Is phone not offline too? Hardware wallet and paper wallet are the safest truly, they are the ones that are recommendable.

I will prefer to go for hardware wallets, trezor will be the best, I looked at their prices on an online store, trezor is more expensive but most secure and safe hardware wallet to use. Or, am I wrong?

Bitcoin mining can not harm our computer but it is not productive, it is better not to use computer to mine bitcoin because it is not productive and make out computer works a lot in a way that can later still harm the computer.

There are chances to hack offline wallets, it is us that have to protect it. There has been many hack that change address to hacker address while wanted to send to another person. This has happened with even trezor and ledger nano before. But we have to learn how to a kid scam generally.

The wallets I mentioned can be used to buy bitcoin but most exchanges support Visa and MasterCards which can be used to purchase bitcoin, that is why exchanges are more commonly used to purchase cryptocurrencies.

@duygumtr You are not wrong, but it can be a time before or after but it will be around that period. But almost 98% of bitcoin would have been mined before 2050. While the price increase will make mining still more profitable.

Exactly the case, there are many people that will think passphrase are just password and because they have recovered their wallet before with no passphrase generated wallet thinking they can bypass passphrase like password during recovery, but that is not exactly the case.

Binance is not a wallet when yobit also is not a wallet, they are both exchanges, exchanges are not the same as wallets while it is not advisable to hold on exchanges but only to trade.

I agree with you but the fact remain that stable coins is a misleading information because there is no existing stable coins, the coins are just pegged with fiat just like you also commented. They should be refered as pegged coins so we can understand their real meaning.

The reason why some people do not have hardware and mine is because their countries is not good for crypto mining, but in this case, the best they can do is to no mine but some will rather resort to cloud mining and lose.

You are right, exactly what I am talking about. The mining difficulty is truly increasing, the mining reward is truly decreasing but the price of bitcoin or other crypto that are increasing makes it still profitable to do as a business.

ASIC is a mining equipment, they are the most powerful hashes generating hardware so far on earth but there are still some people that are making use of GPU to mine bitcoin and to mine generally and still profitable but ASIC are.far powerful than GPU in mining.

Some people are still using faucet to earn crypto and especially bitcoin, that is why the faucet sites are still existing. If someone can use faucet all through the day and earn only 200 satoshi which amount stop 0.0000002 bitcoin, then the person can make use of faucet but waste of time for most people.

I will like to ask you this question. Have you used cloud mining before? If you have used it before, which one did you use? And how much are you getting from it daily, weekly and monthly. I hope you are wrong because cloud mining is a waste of time if you do not pay or it is scam if you pay.

@Santo91 browser mining are fake, they are fake because most people that are using it end up complaining that they are scammed while many other complain that they are generating no money from it. If they can be like this,how original are they.

Some users like to visit pirates sites with pirated copies they are downloading from the site, also some uses torrents that contain only pirated copies which comes with malware, some visit malware sites. These are common way people got their devices infected.