Bitcoin Wallet Address: Understanding BTC Wallet vs Address

Questions about the BTC-e Situation and Possible Connection to Alphabay's Recent Demise? (Long post)

Foreword: I am a geek for all things hackebitcoin related drama. I think this stuff plays out like a soap opera and it's beautiful. It's due to the simple fact that the BTC community is made up of a diverse set of people: Hackers, Entrepreneurs, Nerds, Drug Dealers, Fraudsters, etc. So I think for historical purposes it is great to note all the events that happen during huge events like this, because should bitcoin take off, this will be stuff of the history books. So if you have any information to share, please do, and let's try to make archives of all information as websites come and go.
The recent BTC-e post by wizsec is a very big deal, possibly more than most people here realize. BTC-e was an integral part of the crypto trading industry. However, there is still a lot of missing information that greatly affects the narrative and I would like anyone to chime in with educated opinions.  
Let me start with some facts about BTC-e:
[1] It was widely assumed it was russian and I don't believe btc-e did anything to hide that fact. I have seen people say Bulgeria also. [This]( post by -Mahn is where I got the info about Malta and Cyprus so might be worth double checking.)
[2] see [this]( and this
So I have a couple questions about the role btc-e played in laundering funds in the past and what their involvement with the mtgox hack is.
[3] [Kyle Torpey]( Charlie Shrem coindesk )
[4] This is an assumption that they are non exchange related addresses because it wouldn't make sense for wizsec's accusations if it was an exchange address. That would simply imply that the coins went through btc-e in the same manner any other deposits do.
I had more questions ealier but I can't remember them at this time, so I'll edit this post as I remember them. If you have any questions you think should be displayed above, post the and I'll edit them in. I appreciate any input on this situation because I find it downright fascinating and I have the feeling it goes deeper than we think.
submitted by winlifeat to Bitcoin [link] [comments]

Timeline of my dealings with WEX and the ongoing theft of funds.


I placed a ticket with wex asking for my account to be unbanned as soon as the ticket system was up, this was around Sept 3rd I believe, I don’t know for sure because they have deleted my ticket. I do not have my replies because of this, only their replies which went to my e-mail.**

Fri 22/09/2017 8:29 PM Elon (WEX) [email protected] Subject: Account Banned Dear users! Please accept our sincere apologies for the delay. Verification on our platform for blocked users will be available next week. We will inform you personally when this procedure starts. We have launched the main service on time and this one will be launched on time too. We hope you will stay with us, despite the inconvenience. Thank you for your patience. Respectfully, WEX Support

**A few days later, I am able to login to my account and see my BTC and USD balances reflected accurately, I cannot goto any other page on the site except for verification, every other click will redirect me to a message that I need to be verified. A couple weeks go by as I go through verification and wait it out, verification is passed, my account is unlocked and I discover my balances are zero and I have no account history. Also I notice my account is unlocked for withdraw, which doesn’t really matter at the moment because there is nothing to withdraw anyway.

I ask them whats up thinking it’s just some mistake.**

Wed 11/10/2017 7:15 PM WEX [email protected]
Hello! We informed in the news that we don't possess historical data on transaction and orders of the old platform, that's why we cannot approve or deny your words about funds deposit. The funds were credited to the new platform in the amount shown in your profile. During the period after BTCE closing and before WEX opening, all transactions were fulfilled out of control of the old platform as well out of control of the new one.
Здравствуйте! Мы сообщали в наших новостях, что не владеем историческими данными по транзакциям и ордерам старой площадки, поэтому подтвержить или опровернуть ваши слова о зачислении средств не можем. На новую площадку ваши средства зачислены только в том количестве, что отображены у вас в профиле. После закрытия BTCE и до открытия WEX все транзакции проходили вне контроля старой площадки и еще вне контроля новой.

I ask them how that is possible when everyone else seems to have access to their accounts with relevant balances (approx. 61% + tokens) and my significant account is at dead zero with no explanation.

Vladimir (WEX) [email protected] Mon 16/10/2017 9:45 AM Hello! Dear User! Payment operations for deposit and withdrawal of fiat funds are supported not by the btc-e platform, but by a third-party payment company, which means that the funds were not received directly from you, but by placing them on deposit accounts of this third party company. Btc-e exchange was in fact only the place of the auction. In this regard, we ask you to contact the payment company directly for processing the return of your money transfers.You can submit your request for return of a transfer without registration by clicking on the link
Best Regards, WEX Support Knowledge Base

I will note that I have never deposited or withdrawn fiat, and have never used moneypolo at all. I explain that this has nothing to do with fiat transfers in limbo or some such answer.

Vladimir (WEX) [email protected] Tue 17/10/2017 9:25 AM Hello! We informed in the news that we don't possess historical data on transactions and orders of the old platform, that's why we cannot approve or deny your words about funds deposit. The funds were credited to the new platform in the amount shown in your profile. During the period after BTCE closing and before WEX opening, all transactions were fulfilled out of control of the old platform as well out of control of the new one. Best Regards, WEX Support Knowledge Base

I reiterate that I most definitely had a significant balance and it is now missing and provide the amounts that are missing.

Vladimir (WEX) [email protected] Fri 20/10/2017 5:51 AM Dear Customer, Thank you for contacting WEX. Please specify provide us with the detailed information on transactions and balances and provide any other data that can help understand the situation as soon as possible. If you have further questions, do not hesitate to contact us again. Best Regards, WEX Support Knowledge Base

I ask them specifically what they are looking for.

Vladimir (WEX) [email protected] Wed 25/10/2017 9:05 AM screenshots from the mail, screenshots from payment systems, a screenshot from the wallet from which you make deposits or other confirmation. Best Regards, WEX Support Knowledge Base

I send them screenshots from a bitcoin core wallet I used with btc-e.
Vladimir (WEX) [email protected] Fri 27/10/2017 2:30 AM Unfortunately, this is not enough, they are not informative. Best Regards, WEX Support Knowledge Base

Vladimir (WEX) [email protected] Fri 27/10/2017 2:31 AM
The addresses of the purses must be indicated on each transaction Best Regards, WEX Support Knowledge Base

I send them the addresses that appear in the screenshot, (I had labels in the bitcoin wallet for these transactions), between the screenshot and the address I provided and a two second look at the blockchain it can be easily verified. I also offer to sign with the keys on these addresses which I still control.

Vladimir (WEX) [email protected] Tue 31/10/2017 2:25 AM The addresses of the purses should be visible in the screenshots Best Regards, WEX Support Knowledge Base

I ask them if I remove the labels and re-send the screenshot will they finally restore my account.

Vladimir (WEX) [email protected] Tue 31/10/2017 2:30 AM We will restore your account as soon as you provide confirmation of your transactions with btc-e Best Regards, WEX Support Knowledge Base

I remove the labels and re-send the screenshot they have requested. Notice they have indicated they will (can) restore my account.

Vladimir (WEX) [email protected] Tue 31/10/2017 4:08 AM Account unlocked Best Regards, WEX Support Knowledge Base

I login to my account again, still no balances or history, but I notice I can withdraw now (great, theres still nothing to withdraw!) I ask them again what’s going on, and now a different person answers me.

Admin (WEX) [email protected] Tue 31/10/2017 2:10 PM Hello!
Thank you for contacting the WEX Exchange Support Service.
We do not have data on deposits and deductions from the previous site only on current balances.
If you have any further questions, please feel free to contact us.
Yours faithfully, WEX Support

Knowledge base:

**I ask them how it could be when 10’s of thousands of other users have history and can get into their account just fine with 61% of their balance and tokens etc.
This is met with no reply, a deletion of my ticket, and no further responses to another ticket I lodged.
This is where it stands today. **
submitted by btcesuspension to wex [link] [comments]

Beginner's Guide to Exchanges - Part 2

Beginner’s Guide to Exchanges – Part 2

A little late, but as promised here is Part 2 of the Beginner’s Guide to Exchanges. I would like to sincerely thank everyone for their support and feedback in making these.
Link to Part 1
This time I also made a Google Docs survey in the hopes of sharing the results with the community. I thought we could share what we use as a whole and why redditors choose the exchanges they do. For skeptics (as you all should be), I assure you that I am not collecting personal information. This is for recreation and if you are still wary, then by all means abstain!
Link to Survey
In Part 3 I will be wrapping up this series by covering decentralized, semi-decentralized, and derivative exchanges. Here it goes!

00 – Concepts and Definitions (Continued)

04 – Fiat Exchanges – Canada


Country Linked Bank Transfer Wire Transfer Paypal Credit/Debit Crypto Transfer
CAD Deposit 1%/ Withdraw Free Free Free (Withdraw Only) 1% (Withdraw Only) Free
USD - Free Free (Withdraw Only) - Free
Exchange Type Maker Taker
Fiat .5% .5%
BTC/ETH .2% .2%
Feature Details
2FA Google Authenticator or Email 2FA Available
Wallet Security Undisclosed amount of funds in cold storage
Web Security 3rd Party Security provided by CloudFlare
Bug Bounty Expired $50 bounties
Tier Level Name Email DOB Phone Address Official ID Bank Info Credit Score Limits
Basic Account X X Digital only, Limits Vary
Verified Account X X X X X X Limits Vary

05 – Fiat Exchanges – Europe


Country Credit/Debit Bank Transfer Crypto Transfer
Europe 3.5%+ €0.24 Deposit €0 / Withdraw €25 (SEPA €10) Free
Russia 5% + ₽ 15.57 - -
UK 3.5%+ £0.20 Deposit £0 / Withdraw £20 (SEPA Free
US 3.5%+ $0.25 Deposit $0 / Withdraw $50 Deposit $0 / Withdraw 1%
Exchange Type Maker Taker
All Currencies 0% .20%
Feature Details
2FA Google Authenticator Available
Wallet Security Undisclosed amount of funds in cold storage
Credit Card Data Overseen by 3rd Party Kyte Consultants
Web Security SSL Certificates and Encrypted Personal Data
Tier Level Name Email DOB Phone Address ID + Photo Bank Info KYC Limits
Basic Account X X X Digital only
Verified Account X X X X X X $10,000 Daily/$100,000 Monthly


Country Credit/Debit Bank Transfer Paypal
Europe - SEPA - Deposit .5% / Withdraw 1% (€100 min) -
Russia 6% 6% -
US 7% Deposit .5% ($20 min) / Withdraw 1% ($100 min) 7%
Exchange Type Maker Taker
All Currencies .20% .20%
Feature Details
2FA Google Authenticator Available
Password Expiration Must be changed every 6 months
DDoS Protection 3rd Party Security Services provided by CloudFlare
Bug Bounty Yes at xBTCe
Tier Level Name Email DOB Phone Address Official ID Bank Info KYC Limits
Verified User X X X X X No Stated Limits

Exchange Type Maker Taker
All Digital Currencies 0.1% .25%
Feature Details
2FA Google Authenticator Available
Bug Bounty Reported bounty posted on HackerOne (unconfirmed)

06 – Fiat Exchanges – South Korea

안녕하세요 여러분! 혹시 우리 한국인 친구 이 보고서를 한국어로 읽고 싶어한다면 알려주세요. 관심이 많이 있다면 간단한 한국어 보고서도 만들 수 있습니다. This year, ETH has taken off like a rocket in the Land of the Morning Calm. With a population of just 50 million, South Koreans account for almost 30% of daily ETH trade volume. Even more surprising is that currently the daily volume of ETH is about 5 times higher than that of Bitcoin on Korean exchanges. Since demand is high, ETH is trading at a premium on Korean exchanges. Some users have been talking about capitalizing off this imbalance by trading on arbitrage between exchanges. For those who have no connection to Korea and hope to do so, I have bad news – all Korean exchanges require a National ID number and access to a Korean bank account. This makes Korean exchanges virtually closed to Korean nationals and those with long-term visas. Sorry everyone.




07 – Fiat Exchanges – China

With a great deal of anticipation, major Chinese exchanges started trading ETH this summer. Since these exchanges deal huge volumes of Bitcoin already, naturally it was expected that they invest heavily into ETH as well. So far this hasn’t quite lived up to the hype with many exchanges still favoring Bitcoin, Litecoin, Altcoins, and even Ethereum Classic (Gulp). Three of these exchanges underwent inspections by the Peoples Bank of China earlier this year and will be working closely with the government to ease fears of money laundering and market manipulation. There are a lot of Chinese sites, and since my Chinese is non-existent this list is basically just for name recognition. In many ways these sites are very similar in regards to security, verification, and fees compared to their western counterparts; just marketed at a different audience and currency. If users are seriously interested in these exchanges and making reviews, please contribute or ask!

OK Coin




08 – Coinswaps & Cryto-converters



submitted by poop_dragon to ethtrader [link] [comments]

What Is Litecoin & Differences Between Litecoin And Bitcoin

What is Litecoin?
Litecoin (LTC) is the second largest crypto currency only smaller than Bitcoin. Litecoin is the biggest of the so called altcoins and is similar to but with some distinct differences to Bitcoin (BTC). Litecoin was created by Charlie Lee, a former Google employee who goes by the screen name coblee, and was launched on October 7th 2011.
LTC is similar to BTC in that it uses a proof of work blockchain, difficulty adjusts every 2016 blocks, and rewards half about every 4 years.
LTC is different to BTC in that the LTC network aims to process blocks every 2.5 minutes compared to BTCs 10 minutes. This allows for faster confirmation times. LTC aims to produce 84 Million LTCs which is roughly 4 times as many coins as BTC will eventually produce. LTC uses an algorithm called Scrypt, and BTC uses SHA-256. Scrypt is roughly 1000 times slower than SHA256 which is why you see LTC mining speeds quoted in KH/s (Thousand hashes per second) vs BTCs MH/s (Million hashes per second).
LTC was originally designed so that it could be easily mined on CPUs and be resistant to mining on GPUs. With ASICs (Application Specific Integrated Circuits) having taken over the BTC mining world, a common misconception is that Scrypt is ASIC proof. Scrypt is only ASIC resistant just as it was deigned to be GPU resistant. What this all means is that eventually LTC will be able to be mined with ASICs but the increase in speed is not going to be anywhere near what it was with BTC and SHA-256. This fact means that GPU mining will not be wiped out as it was with BTC.
LTC uses addresses very similar to BTC addresses. They are a mix of 33 numbers and letters but always start with a L.
LTC is often described LTC as silver to BTCs gold. While some BTC enthusiasts dislike LTC and say it takes something away from BTC, alot of people disagree. LTC being a smaller and younger coin has the ability to change things and test new ideas. BTC has a much larger user base and larger team of developers so it can be harder to come to a consensus on changes with BTC. Litecoin devs have recently been helping develop both LTC and BTC by contributing bug fixes to the BTC-qt devs for inclusion in the Bitcoin-qt client.
LTCs native client is the Litecoin-qt application which is very similar to the Bitcoin-qt client. Litecoin-qt is available for Linux, Windows and Mac at the official Litecoin website. If you would like to see a guide on how to setup a Litecoin-qt wallet please see How To Create A Litecoin Wallet.
Alot of the same things that exist for BTC exist for LTC. Such as:
Litecoin Block Explorer
Another Block Explorer
Litecoin Wiki
Litecoin Gambling
Litecoin Dice
Litecoin Mining Calculator
There are many exchanges that support trading LTC for other crypto currencies as well as USD. Some (but not all) exchanges are listed below.
OKCoin for China
I do not endorse any of these exchanges. I am only listing them for information purposes only. As with anything in the crypto world please do your own research before doing any type of transaction.
Some links to the LTC community are:
LTC Forums
LTC Google+
And of course the LTC subreddit
A very popular chart website for LTC (and other coins).
submitted by Edwardlots to litecoinforbeginners [link] [comments]

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Product Overview: BTCE BTCetc Bitcoin Exchange Traded Cryptocurrency ETC Group & HANetf

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