SEED

SessionDesperate6772

Something you could do is to buy one cold wallet for each one of your heirs. You set up the wallets and imput in them the amount of BTC you want to donate. You can give them the wallets and you tell each one of them that the PIN, SEED PHRASE AND PASSPHRASE will be send to them 2 months after your death in an e-mail. All you will have to do is to use the ´Innactive Settings´ of Google to automatic send them an e-mail with all information needed to disclose the wealth (seed phrase, passphrase, pins etc) if your main e-mail stays innactive for 2 months for example (nobody leaves a main e-mail innactive for such a long time, do you agree with me?) You won´t have to spend no money at all. They will have the cold wallets in their hands and you solved the situation in a way that there will be no arguments, quarrels,, discussions etc. Hope I have helped you...

Vassago_21

Basically write a small book with a very detailed list of instructions on how to handle the bitcoin and explanations of the basics in as clear text as you can with as simple text as possible without oversimplifying. It should have warnings like "DO NOT SHARE SEED PHRASE WITH ANYONE YOU DON'T 10000% TRUST" and "BE CAREFUL WHO YOU SEND IT TO AND DO YOUR RESEARCH BEFORE SENDING" at the very start so they won't try to do that while looking for answers. It should also have a list of contacts for people who you FULLY trust to help your family deal with the bitcoin when you die. If no such persons exist, then instead make a set of rules for asking advice from forums (stuff like "don't share seed/private key", "be wary of tricks" and "reveal only strictly necessary info"). Put the last word of your seed phrase in an envelope that is given to your heir according to your will. The rest of the seed phrase should be in a safe along with the book of instructions. The keys of which only your heir and you have. This guarantees it's fully secure until the time is right. At least that's what I'd do in your position.

na3than

As always, the laughing-to-tears emoji is the tramp stamp of the uninformed. The number of words in the English language IS COMPLETELY IRRELEVANT TO THE SECURITY OF A SEED PHRASE.

Mcfatthegiant69

Yes that can be used as an industrial lubricant also.. I already know that. BUT people where EATING tallow Prior to using them in machines mate whereas SEED oils were used as machine lubricants FIRST then chemically treated to be "safe" for humans? Lol. Tallow doesn't need to be chemically treated to be "safe" for us. Big difference bud..

Brilliant-Will1214

What I mean is that once you have sent a small amount from revolut to cold storage, try sending some back to revolut. It's a good thing to do to gain confidence that you know how to use the signing device (or 'wallet') properly, and so that you know you can send it back to an exchange if you ever want to/need to sell it (would be an awful long term trade though 😉). Also you might want to wipe your wallet's memory after sending a small amount to it (DO NOT WIPE THE MEMORY WITHOUT WRITING THE SEED PHRASE RECOVERY DOWN). Then restore the device with your seed, and check the funds still show up when you set it up as a new wallet in a software like sparrow wallet 👍.

RainerGerhard

Delete this. THIS IS MY SEED PHRASE!

Old_Fruit6884

this is correct. The main thing is to have the SEED safe from being inputed into a computer and always kept offline. This is what a hardware cold-storage wallet can do. However if you have no hardware wallet you will have to make or use a hot wallet and input your seed online, which is risk and this is what cold wallets are for. So without out a cold wallet you could (if you have your seed) install a new fresh hot wallet on your computer (can use most anyone like Nunchuck, Sparrow, Electrum, ect)....but you must enter the SEED to access/move any funds! No problem for small wallets but a bad idea for stores of wealth.

stringings

Is this a joke?  **NEVER EVER TYPE YOUR SEED PHRASE OR PRIVATE KEY INTO A COMPUTER/WEBSITE** OP, anyone who is telling you this is trying to scam you. Wallets don't need to be "validated" you just confirm receipt of funds either in the wallet or on the blockchain via a blockchain explorer.

ShinAlastor

There are only 29,642,774,844,752,900,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000 possibilities to guess your SEED using the 24 mnemonic words. It's totally safe.

Quirky_Arm_2672

guys please I need guidance: My okx wallet contains some USDT trx , and I know the SEED (12 words) ( wire benefit zero mix utility hour silver ramp asset title cycle clump )how to withdraw it to card?

Quirky_Arm_2672

guys please I need guidance: My okx wallet contains some USDT trx, and I know the SEED (12 words) ( wire benefit zero mix utility hour silver ramp asset title cycle clump )how to withdraw it to card?

trickleupup

If you need to travel, why not write a 10 page book draft using a pen/paper and in there you include at least 100 seed words. Then you count the page number, and the number of words which correspond to your seed phrase. Then you can email or store online the pageword count. You can get fancy, and also scramble the word order so it is not in the correct sequence. Then just store in another location the sequence.... ITS 2025: NEVER WRITE DOWN YOUR SEED WORDS EVEN ON A PIECE OF PAPER.

forcemonkey

Even a hot wallet is better than keeping it on an exchange. And when you do setup your wallet BACKUP YOUR SEED PHRASE! YouTube is awash on helpful videos on this.

ShinAlastor

BitBox02 and Cold Card MK4 are both great choices. Learn how to store the SEED by making an offline backup up, hide it somewhere, don't share it with anyone and don't take digital copies. Turn off the DM box and ignore all the private messages you already got, they are all scammers.

StatisticalMan

I said IMPORT THE SEED/KEYS into a new wallet. Not wait for this transfer. This transfer will never complete. You cheaped out on fees and are using a piece of shit wallet which doesn't support RBF so the tx will never be confirmed.

NotCoolFool

I don’t think I’m “above this person” in the slightest. 1) if your on the phone to someone about any potential issue that could even remotely be a scam, always end the call and have a 5 minute time out to think it though, rushing and panicking is what cost the Op as he wasn’t thinking clearly. 2) THE ABSOLUTE GOLDEN RULE IN CRYPTO : NEVER SHARE YOUR WALLETS SEED PHRASE. 3) if this was a genuine security breach, reach out to your platform on verified numbers / channels. 4) ALWAYS send a test amount then verify. Sorry but I understand this guy was flustered - that’s totally normal but he broke more than one golden rule here. Having ownership over anything means there has to be protocols in place, crypto is no different.

NotCoolFool

Holy fuck, wow. Thanks for alerting people to these utter assholes but my God: They asked me to setup a new wallet with their seed 😳😳😳😳😳😳😳😳 Again I’m so sorry for your loss but that is the most major oversight by you and obviously you know this now but still I’m shocked. Rule number 1 in crypto : NEVER EVER SHARE YOUR SEED PHRASE WITH ANYONE. Glad you still have some crypto left, a hard lesson learned.

hazza-sj

And if you get cold storage NEVER enter your seed phrase anywhere that is connected to the Internet. I recently got a scam email claiming to be from ledger trying to get me to enter my seedphrase on a fake website. They try to scare you by talking about a security breach. Again, NEVER GIVE YOUR SEED PHRASE TO ANYONE EVER.

Inked_Wolf_

He's absolutely right. the only way to avoid the scams is so DM me your SEED Phrases, Passwords, Social Security Number, and through in your Drives License I fo for safety reasons.

Aposseadesse09

OP is correct. Buy and hold. That’s all you have to do. Buy a little bit every day or week and put it in a hard wallet and hold it. This is your high volatility, high growth savings account. It’s scarier than the stock market but safer than your bank account. Tips: - buy using River. No fees for recurring buys - transfer into Blue Wallet every $100 or so. KEEP YOUR SEED WORDS SAFE - once you have enough you’d be scared to use, get a Trezor and transfer it all there

99999999999999999989

Only buy what you can afford to set on fire and watch burn for fun. If you want to maximize your potential profits, the DCA is a good strategy. Buy an amount that is comfortable for you on a periodic basis that you can handle. Sell when your financial goals have been met. DO NOT KEEP YOUR COINS ON AN EXCHANGE. Get a hardware wallet and learn how to use it. DO NOT REPLY TO ANY DMS YOU WILL GET IN REDDIT. NEVER TYPE YOUR SEED WORDS ON A WEBSITE. Subscribe to this subreddit. Save any post you see that you do not already know the answer to and read the replies until you understand the answer. Ignore any moron that tells you to YOLO into BTC or any other investment whatsoever. No one knows what the price will do ever no matter what they say. This bull run can easily end in a moment and the price could crash hard.

sporadicmoods

He’s nervous, but on the surface he’s keeps on forgetting (the SEED phrase)

bigbarryb

You say it is confirmed, can you also confirm the address is correct? Are you attempting to use TailsOS in offline mode? If so, this would explain you seeing a zero balance. The ledger, the blockchain, the thing that records the payment and keeps it secure -- is online. The electrum wallet has a secret key that is super sensitive since it is the sole thing that anyone would ever need to authorize a transfer of your bitcoin away from your wallet. (Aka stealing your bitcoin). For this reason, the key must be kept offline, must be kept "cold". That said, some wallets and hardware devices will allow you to export an XPUB. The XPUB (extended-public-key) allows you or anyone with access to it to see all of the addresses past and future that your wallet can produce. If this were leaked or stolen, there is a security risk in that someone can see your balance, they might be able to observe spending patterns and they may be able to use this information to target you. However, the risk is far lower than if the private key were leaked, which would just grant someone the ability to take your bitcoin with no questions asked. You can get your xpub by following: https://bitcoin.stackexchange.com/questions/36957/how-do-i-view-the-extended-public-key-in-electrum I wouldn't give it to anyone, it's like giving someone permission to put their own security cameras in your home. But you should be able to take that and load Electrum with it. Now your electrum wallet is a "watch only" wallet. It has no ability to spend, it can only see your balance. Make sure you have the XPUB written down or recorded somewhere. Restart the computer. Load TailsOS. Enable internet access over TOR. Log in. Launch Electrum. Give it your XPUB (DO NOT ENTER YOUR SEED WORDS AS THIS IS NOW AN INTERNET CONNECTED SYSTEM) With the XPUB and access to the internet, Electrum can now show you your balance and transaction history and although it is connected to the internet, it doesn't know your seed words or your private key so your funds are not at risk.

ShinAlastor

Consider engraving the SEED on a metal plate.

thetdy

Really understanding what's going on makes it way less scary. Your transaction taking too long? Check it on the coins explorer and verify the transaction. Going to a transaction on an explorer and understanding what all the numbers mean. andersbrownworth.com has videos and demos on hashing and how a Blockchain essentially works. Next is security. Hot wallet/storage is when your crypto keys (your access to control your crypto) is stored using software that is intended to be connected to the internet all the time. People recommend cold storage because it takes away the internet part of having access to your crypto. To be very clear you only ever enter your seed phrase/password into the hardware/cold storage. This is an air gapped device so the only thing it can do is sign a transaction. Look up Coldcard Q wallet. It's a little overkill but what it does is make the creation of a transaction and signing it very visual so you can understand what's going on. "https://youtu.be/985bAPKUAV4?si=-lCP0kiqsmUSLUGA" This video is kinda long but it wouldn't hurt to watch the whole thing. But around 30min they start showing how they import a transaction to the wallet, sign it , export signed transaction from the wallet, then broadcast the signed transaction which is where the action really happens lol AGAIN SEED PHRASE ONLY GOES INTO YOUR WALLETS AND NOWHERE ELSE.

ShinAlastor

Next time move your funds to a cold wallet such as Cold Card MK4 or BitBox02, make an offline copy of your SEED and don't share it with anyone.

ShinAlastor

Turn off your DM box and ignore all the private messages you already received, they are all scammers, don't share your 24 word SEED or private key with anyone and transfer your funds to a cold wallet such as BitBox02.

Cute-Army1913

I suppose there’s no any safety to write your SEED-phrase anywhere except a sheet of paper.

ShinAlastor

Get it on one of the major exchanges such as Binance or Kraken Pro then move your funds to a cold wallet. NEVER share the SEED of your wallet with anyone, don't take digital copies but engrave the 24 words on a piece of metal and hide it somewhere.

SoftPenguins

I am an average Joe. Setting up a hardware wallet. WRITTING DOWN THE SEED ON A PIECE OF PAPER and storing it in a safe place and never sharing that seed with anyone is not rocket science. The problem is when people aren’t responsible enough to follow this simple procedure or get lazy and take short cuts. CEX are safe and secure until they’re not. I’ve seen enough of them fall or get hacked to have learned my lesson from others mistakes.

shadyghxst

YOUR SEEDPHRASE IS YOUR WALLET not device ,not pin ,not app/software or anything else. YOUR SEED PHRASE IS YOUR WALLET and you can recover it on a new device or any other device or wallet software.

ShinAlastor

Transfer it to one of the major exchanges such as Binance or Kraken Pro. NEVER share the SEED of your wallet with anyone, don't take digital copies but engrave the 24 words on a piece of metal and hide it somewhere.

DanceNo7811

No. You need to understand you have short and long term memory, and remwmbering a seed is not the same as remembering a cvv card or your 4 digit pin. In most centralized systems you can risk that given that you will have a process to go to a central authority to reset it. Bitcoin is about descentralization. You will not have an office where you will go crying that suddenly you forgot one or three words of your seed and you realized that long term memory cannot be 100% trusted. Now. One thing you need to learn. Information needs 3 BASIC PRINCIPLES regarding security, called the triad of information: 1. CONFIDENCIALITY 2. INTEGRITY 3. AVAILABILITY (REDUNDANCY) Now. A folk that fails in redundancy thinking one seed in metal is enough. IS STILL FAILING. 2 OR 3 BACKUPS AS MINIMUM. No paper, No wood. Metal if possible (INTEGRITY) ___ BUT AGAIN. NO. SAY NO TO MEMORIZING YOUR SEED. ANYONE THAT SAYS THIS IS SAFE. Needs to read something about short and long term memory and how insecure can this be as a trusting method regarding seed phrases.

wazoo_68

> Your SEED is stored in your brain or whatever safe you locked it up in. *seed phrase. A seed is not the same thing as a seed phrase. > You can literally hand someone your hardware wallet and they cannot access your Bitcoin. Why not? What stops them? As I said before: They might need a pin and/or passphrase, and for that they just whack you with a wrench until you tell them.

CrispyMcWilliam

Dude YOU'RE not making sense. Your SEED is stored in your brain or whatever sage you locked it up in. You can literally hand someone your hardware wallet and they cannot access your Bitcoin. Are you new to.Bitcoin?

ShinAlastor

There are fire resistant metal plates for engraving your SEED.

wazoo_68

Your comments are not clear. > I don't understand...how can you rob somebody's bitcoin? Like...here's my hardware wallet? Good luck? They can't access it no matter what. Can somebody explain this to me? Here you imply that the attackers have acquired your hardware wallet, but are unable to "access" it. Why would the attackers be unable to access your hardware wallet, once it is in their possession? They might need a pin and/or passphrase, for that they just beat you over the head until you tell them. > Because it's impossible unless you know the SEED. Like you literally have to do some dumb shit like write the SEED or passcode down in plain site or just tell somebody. *plain sight, not "site" I presume that your private keys are stored in the hardware wallet. This would enable the attackers to access your "SEED". You are not making any sense.

CrispyMcWilliam

Because it's impossible unless you know the SEED. Like you literally have to do some dumb shit like write the SEED or passcode down in plain site or just tell somebody.

ShinAlastor

The cold wallet only memories your SEED into an encrypted chip, the cold wallet could be even destroyed that is not a problem, you can recover your funds until you have your SEED, that's why it is extremely important as I already wrote above to not share it with anyone, not taking digital copies and preserve it on a piece of metal hidden somewhere.

ShinAlastor

Get it on one of the major exchanges such as Binance or Kraken Pro then move your funds to a cold wallet. NEVER share the SEED of your wallet with anyone, don't take digital copies but engrave the 24 words on a piece of metal and hide it somewhere.

ShinAlastor

And never take digital copies of your SEED, just be sure to have an offline backup, you might engrave those words on a piece of metal and hide it somewhere.

chipsservant

Great summary intro for beginners. Only thing I’d add that is very common for beginners to get confused is that your hardware wallet doesn’t actually store your crypto. What is important is your SEED PHRASE, which your hardware wallet helps generate randomly. As long as you have this, you can restore your wallet on a different physical device even if your original one is lost/stolen/destroyed/etc. Anything stored on exchanges (aka purchased on an exchange like Coinbase and then not transferred to your own hot/cold wallet) is not in your custody and is not really yours (this is what people mean when they say NOT YOUR KEYS NOT YOUR COINS). It’s only truly yours when moved to cold storage. A lot of people learned this the hard way with the FTX fiasco. Welcome, good luck, DCA, and above all else - HODL!!!!!!!!

ShinAlastor

Don't share your SEED or private key with anyone. Ignore all the private messages you already received, they are all scammers.

ShinAlastor

Excuse me? What the hell is that site? Use legitimate sites such as Binance, Kraken or Coinbase then move your funds to a cold wallet, make an offline back up of your SEED - don't take digital copies of it - and don't share it with anyone.

ShinAlastor

Use a cold wallet and don't share the SEED with anyone.

ShinAlastor

Those people took pictures of their SEED and got a virus, that's why someone was able to drain their wallet or inserted their 12-24 word SEED into some phishing link.

ShinAlastor

Learn how to use a cold wallet and how to store the SEED offline properly.

ShinAlastor

Consider buying Cold Card MK4 or BitBox02 Bitcoin Only Edition, engrave your SEED on a piece of metal ( don't take any kind of digital copies of it ) and don't share it with anyone.

ShinAlastor

Turn off your DM box and ignore all the private messages you already received, they are all scammers. I would suggest Binance or Kraken Pro and then move your funds to a cold wallet such as Cold Card MK4 or BitBox02 Bitcoin Only, engrave your SEED on a piece of metal ( don't take any kind of digital copies of it ) and don't share it with anyone.

ShinAlastor

Ignore all the DM messages you already received, they are all scammers. Download Electrum from the App/Play Store and import your SEED.

dunyayabakipgulumse

│Entrance hidden by │Bricks and rubble ▂▃▂▅▇▅▅▇▄▃ ┳ ║ ║▔▔▔▔▔▔▔ │ ╚╗ ╔╝ │ ║ ║ 6ft ╚╗ ╔╝ │====o ╚════│════════╗ │ │║@ SEED PHRASE║ ┷ │╚│═════════════╝ Air vent │ │Fan

dunyayabakipgulumse

│Entrance hidden by │Bricks and rubble ▂▃▂▅▇▅▅▇▄▃ ┳ ║ ║▔▔▔▔▔▔▔ │ ╚╗ ╔╝ │ ║ ║ 6ft ╚╗ ╔╝ │====o ╚═════════════╗ │ │║@ SEED PHRASE ║ ┷ │╚│═════════════╝ Air vent │ │Fan

ShinAlastor

Don't share your SEED with anyone.

Extreme_Nectarine_29

I write my keys on a paper, put on a box and **bury it**. **IT'S CALLED A SEED FOR A REASON!**

Top_Mind9514

You can also download a “Trust Wallet” from the App Store. You’ll have an option to backup your “seed phrase”. Do this manually. DO NOT BACKUP YOUR SEED PHRASE TO ANYTHING THAT IS, or COULD BE CONNECTED TO THE INTERNET!! Write your seed phrase down on paper. Your seed phrase is your “password” for your wallet. Make a couple of copies (on paper) and put them somewhere safe. Do not share them with anyone. Buy your BTC with Cash App. Either send your BTC from your Cash App directly to your medical supplier, or send BTC from your Cashapp to your Trust Wallet and then send it to the medical supplier. You’ll have to pay a small fee for each transaction/transfer. If you get stuck or have any questions please feel free to contact me.

shadyghxst

Yes its called SEED PHRASE

NautiNolana

Hell yeah! Been in the space since 2015 dm me if you want. NEVER GIVE AWAY YOUR SEED PHRASE UNDER ANY CIRCUMSTANCES, NO MATTER WHAT!!!!

shadyghxst

This sub always pushing newbies into hardware wallets but I believe user knowledge on how btc works and safe practices is the most important and first step in self custody. I go on Ledger sub and there are people using these wallets who cant even check a tx on an explorer or don’t even know that "hardware wallet” is just an overpriced dedicated device used to generate your SeedPhrase which is actually the real wallet and losing your seed it means losing your funds. Op I would advice you to download some hot wallets like BlueWallet, Electrum, Green Wallet, Exodus wallet, Safepal wallet etc and start experimenting with them. Learn how to write down your seed phrase and how to recover it. Eg you can generate a seed from bluewallet and then recover it using Electrum or exodus. The SEED PHRASE IS YOUR WALLET not any device or app. You can even send a small amount from your Coinbase into any of these hotwallets and then send to another hot wallet on your phone just to see how it works outside of exchange accounts. I learned a lot about Btc by downloading and using hotwallets , they are free . When you understand how It works you can even make your own cold or air gapped wallet with a phone without buying any hardware device.

Beat_Me_If_U_Can

SEED is minted at contract: 0xD4C317BBF03327E45752FecBdaC671e48c72C425 and it is an ERC20 token for now. Will be swapped to mainnet token at 1:1 Ratio. JAY token is not minted yet, we are planning to mint it once the platform is live on the mainnet.

bowdenta

Are SEED and JAY built yet, or are they just ideas? Are they ERC-20?

sita_wong

Thanks for your question! Think of it as "Exchanges as a Service." With an AWS account, you can run your own exchange using your domain name or brand. You maintain control over your exchange, fostering innovation and ensuring that your platform operates according to your rules and preferences. As for the SEED token, it has several utilities including paying for gas fees, earning validator rewards, staking for operating nodes, and facilitating cross-chain messaging and value transfer. As the ecosystem grows, we will introduce new utilities, governance features, and rewards. For more details on the potential use cases of SEED, please refer to our documentation under "Utility Token - $SEED." By providing a distinct purpose for $SEED and enabling the hosting of customized exchanges, we’re empowering our users to take full advantage of the decentralized finance landscape. Whether you’re looking to build your own trading platform or leverage $SEED for its numerous utilities, our ecosystem is designed to offer flexibility, security, and a dynamic user experience.

sita_wong

Thank you for engaging with us and for your valuable input! Let's break it down: >***Whats the point of fracturing utility into different tokens and NFTs? Why not just consolidate everything into one main token and NFT to make it less confusing?*** **$SEED** and **$JAY** serve distinct purposes to enhance the ecosystem's functionality and user experience. * **$SEED** is our utility token, kind of like the Swiss Army knife of our ecosystem. It has multiple use cases, from fee reductions to staking rewards. Plus, you can convert it into $JAY, adding a layer of flexibility and utility. * **$JAY** is the governance token. This is your ticket to having a say in the platform’s future. Holders of $JAY get to participate in crucial decision-making processes, ensuring the community’s voice shapes our path forward. Think of it like UNI for Uniswap – it’s all about decentralizing control. Now, onto the NFTs – these aren’t just shiny collectibles; they function similarly to VIP levels in centralized exchanges. Owning these NFTs can grant you exclusive benefits and rewards, enhancing your experience and potential gains. Why not consolidate everything? Separate tokens give us the flexibility to adapt and evolve. As the ecosystem grows, we can introduce new utilities, governance features, and rewards without overhauling the entire system. This adaptability is crucial for staying ahead in the fast-paced crypto world. Mixing these utilities into a single token or NFT could lead to chaos in value conveyance and utility overlap. By keeping them separate, we ensure each element serves its purpose efficiently, maintaining clarity and balance in the ecosystem. This structure allows us to cater to various user needs without compromising on functionality or user experience. **In short, having different tokens and NFTs ensures that our ecosystem is robust, flexible, and user-focused.** It might seem complex at first, but it’s all designed to provide maximum utility and engagement for our community. >***Any plans to add advanced orders in the future? Why is the spread like this? Is it a liquidity issue or is this the intended way that orders work on the orderbook?*** What you tested was our test platform, designed to collect data and evaluate features. The current order book experiences delays due to order routing and grouping. We are running a market-making (MM) bot in the backend to provide liquidity; however, it is not optimized, as we only spent six hours developing it. We apologize for any inconvenience and are committed to improving this before our official launch. We are in discussions with several major market makers who will support liquidity at launch. Additionally, take profit (TP) and stop-loss (SL) orders will be available by the end of next week, with other order types to follow. >***How do you plan on attracting liquidity when the platform actually launches?*** >*And to top it all of, your docs state that there will be "voluntary" KYC and AML thru third-party verifiers.* ***Whats the point of having it voluntary?*** The JayX platform offers "voluntary" KYC (Know Your Customer) and AML (Anti-Money Laundering) through third-party verifiers to provide flexibility and user choice. By making these processes voluntary, users can decide whether to undergo verification based on their preferences and needs. This approach allows users to match with exchange nodes who require different levels of verification, catering to varying levels of privacy and compliance requirements. The goal is to balance security and user autonomy, ensuring that users have control over their information while still enabling a secure and compliant environment. >*So, the platform seems underdeveloped for something that quote: "challenges the foundations of traditional financial systems". If you can deliver on these promises, then JayX can surely become one of the biggest decentralized trading platforms, but for now, it looks like just a primitive dYdX.* Thank you for your feedback. We understand your concerns and appreciate your honesty. While the platform is still in its development phase, we are committed to delivering on our promises and continuously improving our features and infrastructure. We’re fast-growing and make **new iterations every week** aggressively. We believe that great products come from countless iterations. That's why we need serious users like you to provide feedback and grow with us. Your insights are invaluable in shaping JayX into the powerhouse it’s destined to be.

mmstoin

Thank you for reading our docs! Yes, $JAY token holders can vote on additional coin listings. This is part of the decentralized governance system on the JayX platform, ensuring community involvement in key decisions. An estimated 100 million $JAY tokens will be minted. $SEED token holders can swap their $SEED tokens for $JAY at a specified ratio. The team allocation is still under consideration, but the goal is to balance community and team interests. The team aims to hold no more than 15% of the total supply in the long term but will retain a sufficient amount initially to drive the project forward.

Bitcoinoverlord

Hi and thank you very much for this AMA! I have been following the MPC prospect in the NEAR protocol and find it fascinating. Here are my questions. 1. What is the difference and advantages of using MPC over simply using hot wallets with multisignature that divide private keys into several shares? As far as Im aware, both are fairly fast with transaction speed. 2. While the idea of chain abstraction to simplify multichain transactions is very appealing for your average Joe, does that not inccur additional SEED fees for the intent relayers/validators (on top of the regular cross chain tx fes)? If so, does that not make the whole prospect fairly unappealing for low volume high frequency traders? 3. If my understanding is correct, abstract chain transactions wind up with 1 MPC wallet holding all the assets. If that is the case, isnt the whole thing fairly centralized?

mbdtf95

What exactly do you mean by saying that your platform enables hosting of our own customized exchanges? Sounds interesting, but not sure how that actually works in practice... Also, as for your official token SEED, what is its main purpose and what are its utilities, aka what is it meant to be used for (governance, paying platform fees etc...)?

mbdtf95

What do you mean by saying that your platform enables hosting of our own customized exchanges? Sounds interesting, but not sure how that actually works in practice... Also, as for your official token SEED, what is its main purpose and what are its utilities, aka what is it meant to be used for (governance, paying platform fees etc...)?

mbdtf95

What do you mean by saying that you enable hosting of our own customized exchanges? Sounds interesting, but not sure how that actually works in practice. Also, as for your official token SEED, what is its main purpose and what are its utilities, aka what is it meant to be used for (governance, paying platform fees etc...)?

etj103007

cool another AMA instead of commenting multiple generic AI-generated questions (like certain users...), I'll be focusing on asking stuff based on your docs. From what I can see, JayX aims to provide basically everything an CEX would do (spot, margin, etc.) but **whats the main distinguishing feature of this platform** between DyDx, which also uses ZK-proofs and is multichain. Or GMX, which provides derivatives. firstly, your ecosystem has multiple tokens and NFTs which is all very confusing. And none of them are even launched yet. $SEED - the "utility" token, like a CEX's token, has multiple use cases, can be converted into JAY $JAY - the "governance" token. EGG, BIRD, a Mockingjay, and Hammer NFTs, all for garnering more rewards. **Whats the point of fracturing utility into different tokens and NFTs? Why not just consolidate everything into one main token and NFT to make it less confusing?** now, for the actual platform itself... So far, JayX seems to only be a spot market in demo mode, so some of my observations may change but please bear with me. JayX really likes to show off the decentralized order book. Looking into it, the spread is horrific (1000 buck or 1.5% difference between bid and ask on BTC alone). For some reason, there are filled orders being shown that are filled at current price... somehow, **despite none of these orders even appearing on the orderbook itself.** If I place a limit order in the middle of the spread, it gets filled, but takes a while to do so. Even with the filled orders list showing prices lower than my limit buy and/or higher than my limit sell. If I place a market order, it takes only the orders from the orderbook, which also includes the horrible spread. On the topic of orders, placing orders seems hard and with 0 ways to edit it. No way to specify types of orders (GTC, FOK, and others), no way to set TP or SL, trailing stops, etc. **Any plans to add advanced orders in the future?** **Why is it like this? Is it a liquidity issue or this is the intended way that orders work on the orderbook?** **How do you plan on attracting liquidity when the platform actually launches?** And to top it all of, your docs state that there will be "voluntary" KYC and AML thru third-party verifiers. **Whats the point of having it voluntary?** So, the platform seems underdeveloped for something that quote: "challenges the foundations of traditional financial systems". If you can deliver on these promises, then JayX can surely become one of the biggest decentralized trading platforms, but for now, it looks like just a primitive dYdX.

hcm1976

U right! He always has the right answer!! One time I told my wife that with bitcoin ATH we may Lambo soon but she told me he is more the Porche kind of guy… she even forced me to hand over my seed to him… I came in a glass, handed it over to him - she got mad and told me NOT THAT SEED YOU CUCK… it is a hard life

Educational_Speech58

So true You must Know The Inter phase platform SEED PHRASES WORDS

adulbrev

I don't know where is the mistake. I just Get message Wrong SEED in Trezor suite. New device was needed because of my paranoid, I can't send my BTC to the software wallet. I sold other device after reseting it

Sawgrass78

Ledger is closed source code..."software whose author owns all rights to use, modify, and copy it." They announced a "security feature" in which they could resurrect your seed phrase and get you access to your bitcoin again through the backdoor in the event you lose or damage your hardware wallet. The market rightly recoiled in horror and they tried to dial it back by saying that capability doesn't exist, they were just proposing it as an idea. They also suffered a company breach in which their customer base's personal data was hacked (name, address, etc). Buy a coldcard or blockstream jade (BTC only, open source code). GENERATE A NEW SEED PHRASE. DO NOT USE YOUR LEDGER SEED PHRASE. Then transfer your bitcoin to the new wallet. You will sleep easier.

Obvious-Shop-6260

Give her my SEED… phrase

adulbrev

No. SEED = Money

HodlVitality

All you NEED is the SEED lol

Haunting-Student-756

Brother xpub was explained above. Your missing BTC “change” is likely on a change address in your wallet. Find your xpub and import to electrum or pair lever with electrum. MAKE SURE YOU DOWNLOAD THE RESL ELECTRUM AND DO NOT TYPE YOUR SEED INTO ANY COMPUTER EVER

No-Procedure8207

#1 Cold storage (Not your keys not your cheese)… #2 DO NOT EVER TYPE YOUR SEED PHRASE ONLINE… #3 Don’t talk about your holdings (You never know peoples intentions)… other than that.. Relax and enjoy the ride 😎

xXCsd113Xx

DO NOT SPLIT YOUR SEED LIKE THIS!!! You should know better. Seed words are not just random, some of these words are checksums, 6 of 24, of that list contains a checksum gives a huge amount of information to an attacker, makes brute forcing the rest exponentially easier.

gregzaj1

You don't need to computer if you have his seed phrase. DO NOT REPLY TO ME WITH THE SEED PHRASE. You can restore the wallet to any hardware wallet/signing device if you have the seed phrase.

ShiningEnigma

Uh oh. What if I don't got no SEED?

ElectronicGas2978

> Your SEED PHRASE is NOT your wallet, instead it's merely your signature on the public ledger. Your seed phrase is not on the public ledger. How much drugs are you on?

Raverrevolution

LOL rookie! Your SEED PHRASE is NOT your wallet, instead it's merely your signature on the public ledger. You only think it's your wallet because otherwise no one would understand the analogy.

ShinAlastor

No SEED, no thanks.

Yodel_And_Hodl_Mode

I know you didn't ask, but hopefully this will be helpful. Here's my advice for the future: Get a hardware wallet that is 100% open source and air gapped. SeedSigner or Krux. SeedSigner runs on a Raspberry Pi. Krux runs on a Maix Amigo. I prefer Krux. This is where you'll enter your seed words. Nowhere else, ever. Get a wallet app that is 100% open source. For Bitcoin, BlueWallet is great on mobile devices and Sparrow is great for desktops. DO NOT TYPE YOUR SEED WORDS INTO IT. Instead, you'll use it air gapped, which means you'll scan QR codes to use it. It'll work like this: Let's say you make a transaction with your wallet app. The app will give you a QR code to scan with your hardware wallet, to get a signature. You'll scan the QR code with your hardware wallet, and it'll give you a QR code containing the signature, to scan with your wallet app. Your wallet app gets the signature & does the transaction. Two QR scans & done. Scan the first QR to request a signature. Scan the second QR which has the signature. Done. Using an air gapped wallet means scammers and keyloggers, etc, have no way to access your keys. The only thing a scammer could hack into is your signature, and since a signature is only valid for that one exact transaction, if they try to change it, the signature won't be valid & the transaction won't go through. For example, let's say a hacker gets into your phone or your PC and tries to steal from your wallet. Your keys are air gapped, so they can't get them. And if they steal a signature & hack it to send the coins to them instead of wherever you were sending them, the hacked signature will fail, because signatures are just math and the math for the hacked signature won't be correct. If decide to get an air gapped hardware wallet, start over with a new seed phrase so you can be 100% sure it's safe. Best of luck going forward! I hope this helps.

shadyghxst

I don’t think you know what a "Cold wallet" is since you can literally make a cold wallet for free with a phone or pc that has no internet connection. What you are referring to is a "Hardware wallet" and it’s not synonymous with cold wallet although reddit seems to use these terms interchangeably. Also you need to understand that your SEED PHRASE is your wallet not device or any app.

Vakua_Lupo

I wrote my Seed Words on a sheet of paper, with the words SEED WORDS in capital letters. I then pinned it to the Noticeboard of my local Garden Club! So far all my crypto is still in my wallet!

Yodel_And_Hodl_Mode

Good question! No one should rely on their memory for securing their Bitcoin. That's the road to disaster. You should write down your passphrase and make a backup copy too - preferably on metal (in case there's a fire, flood, or anything else that could ruin paper), and store it separately from your seed, never together. It's fine to store your passphrase in a password manager. NOT YOUR SEED! But, yes, it's fine to store your passphrase in your password manager so long as you don't label it as something like "My Bitcoin Passphrase." For example, even if your password manager gets hacked, a hacker would never know this is your Bitcoin passphrase: > about whistle youth Miami road Jeff Another approach is to use something only you know as your passphrase. For example, I'm the only person who knows where I was on New Year's Eve 2010, and it's a town no one could ever guess. I'm the only one who knows the first record I was ever given. I'm the only person who knows what I named my goldfish when I was a kid. So, if I used those as my passphrase, I would write it like this: > Pine Island Remain In Light Frank And I would write this down: > My passphrase is where I was on New Year's Eve 2010, the first record I was ever given, and what I named my goldfish when I was a kid. > Write it down with each name capitalized, and no commas. Write it exactly like this (but these are fake answers for the sake of an example). > New York Full Moon Fever Goldie

Revolutionary-Ebb-26

The seed phrase is equivalent to the wallet. If someone knows your seed phrase they can access your funds from anywhere in the world just like you could. Understand that your seed phrase is your wallet. Your SEED = FUNDS

shadyghxst

The SEED PHRASE is your wallet not device. Make sure you WRITE it down correctly as it appears and keep it SAFELY. As long as you have it you can always recover your wallet anywhere and not just on Trezor wallet.

StatisticalMan

Yes and OP has likely seen this hundreds of times. Everyone who gets burned like this gets burned because they try to outsmart themselves. Anything online and digital has so many magnitudes higher attack surface than an analog offline only seed (i.e written on paper or metal only). Many many many magnitudes higher. It is just a massive increase in risk. With crypto it only takes one mistake, one lapse, one malware and it will be gone instantly. DO NOT STORE YOUR SEED PHRASE IN ELECTRONIC FORM. NOT IN AN EMAIL. NOT IN A PASSWORD MANAGER. NOT IN A TEXT FILE. NOT IN AN ENCRYPTED TEXT FILE. NOT IN A PHOTO. DO NOT STORE YOUR SEED PHRASE IN ELECTRONIC FORM. Use a hardware wallet. Get in the habit of only storing your seed phrase offline in analog form and only entering it directly into the hardware wallet. Never enter the seed phrase into any app or website even if you are "sure" it is legit. Doing all of that creates a very powerful mental and physical firewall. The attack surface decreases by many orders of magnitude.

cienfuegos__

I'm sorry to hear it, but it can't be said any clearer: DO NOT STORE YOUR SEED PHRASE ELECTRONICALLY. You stored it in your email and thats what was compromised.

GrayersDad

What exchange, how long until you get your hardware wallet, do you want to pay network fees twice, you've been comfortable with your Bitcoin on the exchange for the past few months so what has changed, are you comfortable taking self custody. You'd probably be just as safe, if you're using a fairly popular exchange and will be getting the hardware wallet in the near future, but if you're comfortable taking self custody, and don't mind paying the extra network fees, transfer your Bitcoin to the hot wallet and deleting it shouldn't pose a significant risk either. SAVE YOUR SEED PHRASE!!!!! You said you've been saving for a few months, and not knowing your financial situation, I don't know if you have 1 Bitcoin or 0.01, but something else to consider is UTXO management. When moving Bitcoin to your cold wallet, the transfer should never be less than 0.01. This will help reduce future network fees, when or if you need to transfer your Bitcoin again. Probably more than you wanted to hear, but I'm a rambler.

spitefully_empty

He is comparing you a vulnerable bait for the sharks. Internet has many hackers and scammers, and you just publicly announced that you have 6 figures of money ready to be stolen. SEED PHRASES are essentially your password. Never share it. Bitcoin transactions are irreversible. If you don’t know what you are doing, take your time. Stay safe and sorry for your loss.

joannew99

If its 1/3 of your life then you can afford a $60 Jade wallet or learn to use Electrum which is free. If you feel you are too incompetent to manage a 24-word seed phrase, then use a 12-word seed phrase and add a passphrase on top of it. And If you feel you are too incompetent to not lose this seed + passphrase, then store 1 part (seed) in an encrypted USB or cloud server and then store part 2 (passphrase) in a different USB or password service/cloud server. That way you always have access and no risk of losing it Don’t store them together and don’t title the documents “SEED PHRASE” or “PASSPHRASE”

Dumusstmich

i trust the coldcard generated SEED more, also because i used a passphrase what I didnt do on the ledger..

derbyfan1

Lets clear this up. Even if you opt in, YOUR SEED SHOULD ONLY EVER, EVER, EVER BE KNOWN / HELD BY YOU. Nobody else. EVER unless you give it to them. By giving your seed to anyone else, you can consider your coins compromised. Remember the white paper - Verify dont trust. If your going to trust them, then you mas aswell leave your coins on an exchage ala Celcuis, FTX.. The fact Ledger have revealed a back door is hugely alarming. Its a huge red flag. WHEN not IF they are hacked, Ledger loyalists will be up in arms.. but the signs were always there. Never a Ledger, Forever a Trezor.

anthonyevans777

LEDGER - been a ledger customer since 2017. I never had an issue or got hacked. Bought a new ledger in 2020 in hold all my corn there ever since…. Just always buy from ledger and NEVER EXPOSE THE SEED PHRASES!!!! Do not trust anyone with those words or you’re screwed!! I keep my ledger in a security vault in a bank underground. It will never see the day light

IdentifyAsUnbannable

YouTube is your best friend. Remember, cold storage is really just a key to your wallet. You could lose the actual hardware device. As long as you remember your seed phrase, you can recover your crypto. Remember, NEVER TELL ANYONE YOUR SEED PHRASE. Those are the keys to your imaginary vault per se. Start watching coin bureau on YT. You can learn alot from guy. https://youtube.com/playlist?list=PLk1ALX7IOH_npyk1W_88gxTDpTEfZg_Og&si=XLkpkZ6xUH47TE88 That's a link to his educational guide.

helloworld987456321

This. Your last sentence is what i have been unable to get reddit to understand , though im sure the breakdown is on my end. My thinking was to use the Ian Coleman "IC" site for its strengths and choose; a different language as any hacker getting it from the USA would likely try English tick the B39 passphrase derivation 84 (I was just saying 32 because earlier because it was the standard and messing it with is a good way to make your coins unrecoverable) thru experimenting I realized only 84 will produce bc1 addresses, which I think is best going into the future. Thats the easy part, but how to enter it into Electrum and get the "unlimited" addresses. The IC site has the ability to show QR if you roll over the text addresses. 1. Open Create Wallet in Electrum, (if the next choice was Import Private Keys that would be great, but I couldn't get the QR window to except the QR code from the IC website and i sure as h--- am not going to trust myself to type it in. 2. Open Create Wallet in Electrum, Standard Wallet, Use a Master Key - stumped...Master Key has both Public and Private Keys yes. IC site doesn't make it clear. 3. Open Create Wallet in Electrum, Standard Wallet, I have a seed, switch SEED TYPE from Electrum (drop down) to BIP39, enter 12 words, scroll down to tick box "Extend seed with custom words" (which always concerned me because people could add crazy words not in the B39 wordlist, they probably think it is the dictionary, 2048 seems small) then ENTER, enter 12 more custom words (this is another reason im using IC, I get a good set of 12 more words, hit enter retype your first 12, then your 2nd 12, enter, then the PassPhrase (HERE IS the main reason Im trying to use the IC -as long as it doesn't make my wallet unrecoverable- it generates a 100 digit passphrase, the longest allowable, in my brain -takes the longest to brute force, cut and past that in because I will be offline and the laptop won't be ever going back on (spare laptop). I really haven't decided whether to do a paper or thumb drive backup of the 24 seeds, passphrase and printouts of the MasterKey and Private Key, probably both in seperate locations. So what I can't tell is if its going to keep supplying address like I hope it will. An aside, I wish there was a wallet that used a mixed language wordlist, making it say 10x larger, but maybe 2048 is enough.

anon2414691

WHY ARE YOU RUNNING LEDGER LIVE??? WHY DON’T YOU HAVE A BACKUP OF THE SEED PHRASE??? Recording a seed phrase in metal isn’t difficult. In fact, it’s cheaper than a ledger.