Can you move btc from Wealthsimple to a wallet and if so, is there a fee

Avalon Nano 3 home miner

Just come across this miner the Avalon Nano 3, I guess my question is, do you think this is actually worth it?

I've seen it before with the 'open mouth' YouTube videos promoting things like this, everyone jumps on it, you wait months & months before you even receive one. Is it too good to be true?

Thanks!

So I'm looking to send a test amount to a new wallet but obviously don't want to pay a lot for it. Should I just broadcast the tx with a small fee payment anyway and see what happens?

I know it will eventually drop out of the mempool if its not picked up but how can I monitor this and know when it will be cancelled? Also can I cancel it myself at any point if I get tired of waiting?

Have seen a few post where BTC had it's local countries currency go to $0 against it. In those countries, what does that mean to somebody who holds BTC either for currency or as a store of value? Does that mean they have to exchange that BTC for a currency that has the highest value above $0 to then buy/pay for anything in the local currency?

I have a hundred dollars worth of Bitcoin on samourai but now that it has been seized I'm scared to withdraw? Is it safe to use?

Hi, I had some BTC in Samourai and due to recent fiasco my funds are locked there. I have my 12 seed phrase and pin but I don't have my passphrase. Anyway I can recover my BTC?

I’m trying to understand how bitcoin works and I’m still learning. This community really helps me in this journey, really grateful for that.

But on my journey, I start to hear around :

• Let say I can buy bitcoin in coinbase/binance/etc with fiat money
• Then I something like blockstream for secure wallet for my bitcoin (and can support multisig)
• Then there are hard wallet to store bitcoin? Private key? Like jade, ledger, etc.

I’m getting confused, and what should I prepare or start first. Can anyone enlighten me? Thanks a lot!

Hey guys,

Can you please confirm if this is true?

"In my understanding, every Bitcoin address has a unique key which is generated using that address. While that key can be brute forced, the chance is extremely low that someone can figure out the key by doing this."

Thanks!

I understand if I transfer my crypto from my Robinhood and Coinbase wallets to another wallet(like cold storage), that is not a taxable event.
But would Robinhood and Coinbase still send me a 1099 if I do the transfers?

I saw people mentioning some markets, but all of them have huge cons. I only want to sell like 10$ in btc from my wallet and invest it in btc when price go down. I don't know what to choose, because people say:

binance - isn't safe, high withdrawal fees, coinbase - safe, but high fees, kraken - idk, bisq - don't have kyc and idk.

Was someone in the same position and can help me? Thanks in advance

I've spent some time getting familiar with Coinbase Advanced and implementing manual trades based on super simplistic strategies.

My programming background is in R, and I'd like to use that language to access Coinbase's API and automate trade executions.

Does anyone have tips for automating trades on Coinbase specifically? With a Pro account I hope to avoid some fees, but of course will have to pay network fees.

I wonder how much profit people keep, and how much they re-invest, and when they take profits , how to calculate risk etc...

Hi, I came across hosted mining during my research. Has anyone had any experience with it It sounds too good and easy.

I know...not your keys, not your coins. I have my bitcoin in cold storage on a hardward wallet.

That said, I have some money in a Roth IRA, and I've been thinking to myself, "if I ever lose my keys, it would be devasting, but it would sting less if I also had some bitcoin that was being held by an institution."

So I've been thinking about buying shares in one of the bitcoin etfs. That said, I know how bitcoin works. Keys can be stolen. What mechanisms protect the etfs from "losing all their bitcoin in a boating accident"? Do they have insurance policies on their holdings?

I guess what I am wondering, is there one etf that stands out more than others as being a safe and trustworthy custodian of coins?

I am new in crypto world. Bitget is good for trading ? I mean spot trading ?

I have $ sitting in Binance that I would like to withdraw OR move to Weathsimple (Canada).

Whats the best way to do this? I’m stuck!

As the question asks which wallet should I choose and why? Or if they're are any other ones I should consider and why? I was with SWAN for about a week and they froze my account ( for no reason) and a day later my account was shut down. I've emailed them, sent them pictures of my ID & my bank info I used. I and even messaged with one of their reps on here and he flat out refuses to even respond to me. It’s a terrible wallet in my opinion so I caution to STAY AWAY from SWAN!!I appreciate all the help

I'm holding for the long term, but let's say hypothetically in a year or less I find some real estate I really want and need to liquidate BTC for a big down payment.

With capital gains/income tax and transaction fees, I'm having a hard time figuring what threshold has to be met to earn a net profit.

Say I buy 1 BTC for 70k and sell it for 100k. Can somebody show me the math of the net gain/loss? If I buy at 70k and sell at 90k is the margin very slim?

30k difference - 30% taxes - 10% transaction fees means a tiny profit?

Kind of doubting how the long term value can exist in this situation

Is there a simple way to constantly monitor the blockchain to look for transactions for a particular address? The use case I have in mind is to quickly get notified if funds move out of an address I control. It could be from a hot wallet or a dummy wallet on a cold wallet. The funds in the address would be lost by the time the notification comes in but the purpose of that address is to act as a warning that someone might have compromised part of the security around my most secure wallet. The solution could be something you run alongside a full node. It would need to be hooked up to some service to send the notifications. SMS seems idea because I would be least likely to miss that and it could contain minimal sensitive information. Some sort of external service that does this on your behalf would be a lot easier but would be a privacy tradeoff. Running it yourself risks that your node goes down when you need it.

I am looking to send money from a debit card to a Bitcoin address without having to create a Bitcoin wallet? Can someone suggest me the easiest and quickest way to do this?

There is an ongoing debate on increasing blocksize and inefficiency of l2 solutions like LN. People are literally fighting ove rit. I am just watching and trying to understans it.

Some say that increasing the blockcsize will eliminate small miners and make the network more centralized. Some say that satoshi also stated that block size must be increased

turns out I sent 1 dls to just check if I was gonna receive the btc to my wallet and the fee was like 40dls but I thought I was gonna get charged on the dollar the 40dls and I was just gonna receive like a "empty" transaction in my binance account therefore I could know if I was sending my btc to the right account, lol I got charged those 40 bucks from my main account not from the dollar

mempool.space shows that many of the last few blocks that ViaBTC have mined have included some transactions with very low transaction fees. The block health of some of them as low as 95%. Does anyone know why or what is going on there?

The onchain fees are extremely high to move a small amount of btc ~$3000. I've heard a lot about lightning channels and that it has a lower cost for Transactions. Is the lightning channel recommended in my situation to move my btc into cold wallet or do I just pay the onchain fees? I will likely be doing more of these transactions as my stack increases on exchange.

Choosing the best Cryptocurrency Wallet I've decided to transfer my money from exchanges to a safe wallet, but not sure where to store them ? With countless options available, finding the perfect wallet is daunting. Safety, transaction fees, speed – there's a lot to consider.

So, what's your go-to cryptocurrency wallet and why? Do you prioritize safety above all else, or are low transaction fees and lightning-fast speeds your top priorities? Share your recommendations please.

I know it would make $0 just really love the mining process and want to learn more.

Hi all,

I’m trying to understand how the bitcoin protocol got updated with Ordinals and Runes, in combination with the consensus model of bitcoin. I always understood that if bitcoin would evolve a certain way, nodes could run older software to make sure the change does not get consensus. Now it looks like Runes are introduced by Casey Rodarmor on the protocol and blockchain, but it seems like it simply got “launched” instead of gotten adoption, or am I wrong?

I know very little about runes, I’m just trying to understand the consensus model and this recent update, or has consensus already been reached before and have I simply not noticed :)

Thanks!

Title sums it up, 17 using my money from work and parents don’t understand crypto and can’t open an account under their name. Looking for low fees.