Plopmenz
2
:moons: 9 / 9 🦐
13dLink

I assume OP is talking about "Coinbase Wallet" the non-custodial wallet (phone app and browser extension), which has nothing to do with Coinbase the CEX platform (except its development being funded by them). I agree its naming is quite confusing though, I can see people think Coinbase Wallet refers to their Coinbase CEX account.

Plopmenz
1Edited
:moons: 9 / 9 🦐
13dLink

It is more fragile yes, however the other arguments are about how you treat the item. If you store the piece of paper in a vault or the ledger in a vault, both are just as easily lost or stolen.

However you are right indeed that in case it's stolen, a hardware wallet can have a pin code to prevent the thief from compromising the wallet. In case you cannot steal the device back though (if we consider no backup), to you the result is the same, you lost all funds. On the other hand this PIN code is also a risk, possibly OP forgets the PIN code or in the event he is unexpectedly separated from his kids, they would not be able to access the funds.

Plopmenz
10
:moons: 9 / 9 🦐
13dLink

USDC is in the wallet controlled by bithumb on Arbitrum. However they don't support deposits on that network, so likely will not credit your account anything. You should contact their support and see if they can credit it to you manually or send it back to the sender address. If they will accept to do that (possibly for a fee), I wouldn't know. Totally up to them but in theory they have access to the wallet and thus the funds.

Plopmenz
1
:moons: 9 / 9 🦐
13dLink

You can't buy any crypto using fiat in your coinbase wallet, you would still need to use Coinbase for that. You can trade crypto on the same chain (ETH bought with any ERC20, like USDT or USDC, or the other way around) using a DEX (Uniswap, 1inch). For long term you can get a hardware wallet yes, although you can also get a piece of paper and write the 12 words (seed phrase) of the wallet on it. As long as you can keep this piece of paper secure, it's just as good as a hardware wallet. Only when you want to use the wallet (transfer funds out) a hardware wallet will give advantages.

Plopmenz
7
:moons: 9 / 9 🦐
13dLink

Cold wallet is meant for funds you will not be touching over a longer period of time. If you are going to be trading, you are going to need a hot wallet either way. In that sense a hardware wallet is best, to protect you from the device that stores your wallet from being infected/hacked. Coinbase wallet works fine, but you'll have to consider it means that you will be in full responsibility of your funds. You'll have to decide if the chance of you losing your funds due to falling for a scam / insecurely storting your wallet is greater or lower than coinbase going bankrupt / compromised (assuming you do it for the security, you can make the same decision for lower trading fees though). Hope that helps, let me know if you have more questions!

Some might say removing half the code base, others will say removing half the bugs

Volcarona is #8 and #20?

Currently very easy: you just give them your total asset holdings value (bank account, stocks, crypto etc.) on 1st of Jan while declaring taxes, that's it.

Although they will change the system in the future, currently based on this total value they make assumptions on how much on average is invested and what the average return rate on that investment is, which is the same for everyone, no matter how many trades you did or what assets you hold. (This means even if you lose money investing, you could owe taxes, as they expect you to make a profit, but also if you make more profit than average, you don't pay extra taxes)

Ah gotcha, unfortunately that does make sense. Only a bit odd as the security is to protect your funds and you're asking them to do it.

You could keep asking hoping to get a different support agent who can do it, not sure if there's been any cases where they did it. Otherwise when Robinhood adds/enables support for USDT, you should be able to get it credited to your account (maybe even automatically), but I can imagine that will take a long time (and isn't even guaranteed). :(

They just tell you they wont provide you with the keys (then you could make any transactions, including but not limited to sending USDT). Just ask them to credit the USDT to your account (or send it back to the sender, if that's an option). Possibly they will take a fee for doing this (as it's manual).

Most exchanges give you the same address for each ERC20 on the same chain (eth mainnet). Not sure about Robinhood, but have you tried checking your USDT deposit address and comparing it to USDC?

Seems to be working now! Not sure what was the issue. While performing the transaction I do get the error "RPC node connection is unstable" in the transaction status pop up, maybe that could influence something? The transaction is being confirmed onchain but the popup never closes. Im using brave + metamask

Just created a community (I think you can guess which one is mine). However your frontend still sees it as not registered. It is visible in the recent communities list and trying to create it again will result in an error. Cannot do anything else with it though, due to the form validation saying it doesn't exist :(

Im not sure how serious the GayPizzaSpecifications project is tbh

I am assuming it would use the average price over the 24h, after all its "accumulating interest" constantly, only paid out once every 24h. (E.g. 50% of the day price is 2$, 50% of the day price is $1, then the interest price is 0.52+0.51=1.5$)

Also btw there is no point in blurring the earning balance if you show the earning rate (11%) and the exact payout you received (at a certain price). Can calculate it with that info

Plopmenz
2Edited
:moons: 9 / 9 🦐
4moLink

So you are scared for your device with the tangem app to have a backdoor / get infected and whenever you tap the card to sign a transaction, it signs a different transaction instead?

For all other scenarios, Tangem card IS you airgapped cold storage. It generates the seed phrase and signs the transactions on the card, at some point the signed transaction must be submitted to the blockchain, aka a device with internet access. This is the only thing the app does, sending the card the transaction to sign and afterwards sending the result to the respective blockchain.

Contract address that you approved? Could you specify more about what kind of message you signed?

Details on "all your tokens"? Just ERC20? One or multiple? Could be an EIP712 signature?

Plopmenz
1
:moons: 9 / 9 🦐
5moLink

I have no idea how their seed recovery works, but apparently they are able to get your seed phrase from over the internet to keep it safe for you. Overall not a bad feature imo, for some users it is the better choice. However the fact that their code is closed source means you also don't know how it works. It is opt in, but who knows how that is actually implemented? Doesn't seem very "don't trust, verify".

Imo for such important security security features, all code should be open source, the private information (keys) can be in configuration files. (Kerckhoff's principle) I see no reason why they would keep the method hidden, except if they have funky business in there or they are worried their competitors might use it. I'm assuming the latter is their reason, but we cannot verify this.

Edit: In this case the seed recovery I am referring to, and I assumed the comment above you too, is ledgers seed custody service. The ability to import your wallet with a given seed phrase is no concern for sure, which you might be referring to?

You don't hold USDT on any network, you own a Binance I owe you USDT. The deposit addresses are just for that, depositing. They do not move your funds there when you buy, it might cost them more in gas fees than the trading fee. When you withdraw it comes from one of their large withdrawal wallets and only when withdrawing you specify on which network (you can choose).