Post
Topic
Board Beginners & Help
Re: BINANCE AS HOLDER
by
snuffman8
on 25/01/2024, 12:40:24 UTC
Please guys, i didnt find any topic about it. When i was updating my profile, it has a field to add our btc adress. So, i took my deposit adress from binance and added there. But i know this is not the right thing.

So, for a totally newbie, what app, website, source code, anything. What should i do to have an address that will not be violated?
I assume that some person add a Bitcoin address to their profile to receive donations or as a form of security. Somebody who wants to maintain privacy might send you some funds without having any form of contact through the wallet in your profile. Regarding security, you might be asked to sign a message from the address you put in your profile if you have any issues with your bitcointalk account. I think using an exchange address is not advisable because you don't have total control of the wallet. Your exchange account might be frozen or access can be restricted. It will be better to use a decentralized wallet that you have full control over.

Could you please suggest any safe wallet i can use in my phone? i took a look over Electrum, but i see some people saying the taxes are too high and the UX is not that good.