How to Use Your Bitcoin Wallet to Get Free Coins

42

Few things in life are as appealing as free money. For that reason, few things set off as many alarm bells as the promise of free money! After all, if something sounds too good to be true, it probably is… Right?

We usually don’t post these type of posts but in this case,  the offer of free money has been tested by our team to be genuine and safe! The amounts on offer are also worth your time, assuming you hold a fair amount of bitcoins.

With Method 1 (Byteball), you can make for roughly $50 for every full bitcoin which you own. With Method 2 (Clams), you can make around $32 for every active Bitcoin, Litecoin or Dogecoin address which you owned before the 13th of May 2014.

Note: the sums mentioned above depend on the current market value of Byteball ($800) and Clams ($6.90), so your precise reward will vary over time… In both cases, you can either keep your free altcoins or instantly convert them to Bitcoin, another altcoin, or fiat.

Does this still sound too good to be true? Well, there are a couple of minor strings attached:

1) Some manageable privacy risk, which we’ll show you how to mitigate, and

2) Performing a couple of moderately-advanced wallet functions, which we’ll guide you through in detail.

Why Are Projects Giving Away Free Money?

As bootstrapping is the hardest part of launching any new cryptocurrency, the successful distribution of coins to new users is critical. If nobody’s using a new coin, then it doesn’t matter if it has amazingly innovative technology, skilled developers, or a passionate core community.

Metcalfe’s law states that the value of a (telecommunications) network is proportional to the square of its users, and this law is equally applicable to cryptocurrency.

metcalfe law
2 users = 1 connection, 5 users = 10 connections, 12 users = 66 connections, etc.

It’s clear from the above diagram that the busiest network is the most useful, therefore the most valuable and most likely to attract ever more users in a positive feedback loop. As the altcoin market is beyond saturated – 756 and counting – competition for users is incredibly fierce…

Hopefully it’s starting to make sense why certain coins are just given away – and your “too good to be true” alarm is fading!

As a distribution method, giving away quantities of a new coin to Bitcoin holders – individuals with a proven interest in cryptocurrency – is perhaps the surest way to build an initial base of receptive users. If the new coin also delivers (in terms of technology, economy, interest and so on), it stands a great chance of gaining the initial traction necessary to rise above its competitors.

How to get free coins with Byteball

Byteball (GBYTE) was released in September of 2016 and is notable for not using a blockchain to order transactions, but rather a Directed Acyclic Graph (DAG). If you’ve ever mined Ethereum you may be familiar with this term. Indeed, Byteball is sometimes touted as the Ethereum-killer, as it offers lightweight peer-to-peer smart contracts. These contracts enable conditional payments, prediction markets, insurance, betting and various bot-operated markets from within the standard client. Byteball also provides a stealth-coin asset, known as Blackbytes.

dag chain
“DAG-chain” example from the
Byteball white paper, G being the genesis unit.

Method #1 – Byteball’s Offer

Every full moon, you’ll get free bytes and blackbytes for all the Bitcoins over which you can prove ownership – fractions can count as well. The next drop will occur at around 4:07 AM (UTC) on July 9th 2017. Each bitcoin will earn you 0.0625 bytes (currently worth around $50) and 0.132 blackbytes (currently worth around $2.50).

These Byte drops will continue through 2017 and perhaps into 2018, until all GBYTE is awarded. Roughly 25% has been distributed thus far, so this is a medium-term, repeating opportunity!

How to Claim Your Bytes

Step 1 – Wallet Installation

Download and install the correct Byteball wallet for your system. All major platforms, including mobile, are supported. Opt for the light / quick wallet if prompted. If running on a 32-bit version of Windows, you can try this 32-bit test version of the Byteball client software.

byteball wallet

Step 2 – Initialize the Bot

After installation, open the wallet and click this link on the Byteball wallet page:

initialize the bot

This will add the “Transition bot” to your Byteball wallet. This bot handles the assignment of new bytes and blackbytes to your wallet, based on your bitcoin holdings (as well as any existing bytes or blackbyte holdings – we’ll cover this aspect later).

Step 3 – Talk to the Bot

An initial address will be automatically created by your wallet. Now it’s time to talk with the bot!

chat tab

If the bot’s window isn’t already open, click the “Chat” tab
at the bottom right corner of the wallet interface.

transition bot

Then select the “Transition Bot” as your new conversation partner
(don’t expect scintillating repartee but you can look forward to some free coins!)

Step 4 – Link the Bot with Your Receiving Address

An interaction with the bot is now initiated. The first step, as the bot explains, is to give the bot your Byteball address. This address was automatically generated and named by your wallet previously. Click the ellipsis bubble next to the text input bar and then select “Insert my address…”

bot chat
32 character wallet addresses is blurred for privacy reasons.
 

Step 5 – Prepare to Sign for Your Bitcoin Addresses

The bot then requests a small Bitcoin payment to a Bitcoin address controlled by the Byteball team. While this is a viable method to prove ownership, there’s another method which is both faster and free – message signing.

At this point, familiarity with the functions and features of your Bitcoin wallet will be extremely helpful. As there are so many Bitcoin wallets available, it’s impossible for this guide to cover all of them. We will demonstrate how to sign for an address using the Bitcoin Core full wallet and the Electrum light wallet. If using a different Bitcoin wallet, please consult its documentation for help on the following 3 steps…

Step 6 – Display Address Balances

In order to know which addresses to give the bot and sign for, it’s necessary to examine all the addresses contained within your Bitcoin wallet addresses. Note that so-called change addresses may not be displayed by default within your wallet.

Unless all your Bitcoin payments were received by a single address (which is not recommended for privacy reasons), your wallet’s balance will be composed of amounts held within various addresses under your wallet’s control.

It’s necessary to inform the Transition bot of every address containing a significant amount of Bitcoin. These amounts will be totalled by the bot to determine how many bytes and blackbytes you’re eligible to receive.

Bitcoin Core:

You may display all your Core addresses which hold value by opening the Console and entering the listunspent command:

debug window

Click “Help” then select the “Debug window”.

console
Select the
“Console” tab then enter the listunspent command.

Core will then list non-empty addresses and their values. Note down which addresses contain funds (copy-pasting the info into a text file is the easiest way). This list is especially useful for finding change addresses not automatically listed by the Core wallet in Step 8.

Electrum:

address tab
If the
“Addresses” tab isn’t visible, click the “Wallet” menu and then click “Addresses.”

address tab #2 

Ensure that the “Receiving” and “Change” lists are expanded.

Now you can view all the addresses which hold your bitcoins, not just the receiving addresses which your wallet regularly displays. We’re getting under the hood of your Bitcoin wallet here; understanding how change addresses work will help you to improve your privacy in future.

Step 7 (Optional) – Consolidating Multiple Bitcoin Addresses

Combining multiple addresses into a single address can save a lot of time, depending on the number of addresses you intend to sign for. It takes about one minute to complete the signature process for each address, so decide accordingly.

To consolidate your addresses, simply send all your bitcoins to an address under your control. This should be a new or existing receiving address within a wallet you own.

Caution: perform this step well in advance of the next byte drop – at least a week in advance to be on the safe side. If your consolidating transaction isn’t confirmed by the time the drop occurs, you’ll miss out on the opportunity. Wait for a lull in Bitcoin network activity – these usually occur over weekends – and consult our guide for info on setting an appropriate fee.

Step 8 – Sign Text Messages Using Your Bitcoin Wallet

The same private key used to authorise payments from a Bitcoin address may also be used to create an un-forgeable cryptographic proof which links that text with that particular address. This process is known as signing and it’s entirely secure – see the below section, “A Note on Signing Security Concerns”.

Unfortunately, some personal wallets and most exchange wallets don’t feature signing functionality. If your wallet doesn’t support signing, you’ll either have to send the suggested micropayment to the Transition bot’s Bitcoin wallet or transfer your bitcoins to a wallet which does support signing.

This BitcoinTalk forum post, although slightly out-dated, provides a lot of helpful information on which wallets support signing, as well as how to sign with them. Here’s how the process works, in 3 simple steps:

1) This first step requires a little copying-and-pasting of addresses between your bytes and Bitcoin wallets.

The Byteball bot asks for a Bitcoin address. Give it one which contains BTC. The bot will then ask you to sign your auto-generated Byteball address, using the provided Bitcoin address.

byteball chat

2) Here’s how to sign your Byteball address using your Bitcoin address(es):

Bitcoin Core:

sign message

Select “File” menu then the “Sign message…” tool.

paste address

For Part 1, click the left button to select from a list of receiving addresses
(
listunspent reveals which contain funds).

Clicking the right button will paste any change address you copied from the
listunspent command run in the wallet’s Console (Step 6).

Electrum:

conclude signing

Select the “Tools” menu then the “Sign / verify message” option.

electrum paste address
Paste the relevant addresses and click Sign. Now copy the output.

Signing is a useful operation, in the event you ever wish to prove ownership of a Bitcoin address. However, as the Core wallet advises, you should always name and date any statements you sign, particularly those with legal implications.

In this case, your signature can only be used to associate your Bitcoin addresses with a Byteball address. This is unlikely to cause you any problems in future, although do see the cautionary note contained in the below section, “A Note on Privacy Concerns. 

Step 9 – Give the Bot Your Signed Message

Get the signed message and paste it to the Byteball Transition Bot. If all goes well, the bot will let you know:

bot signed message

The Bot now knows you own the particular Bitcoin address you signed for!

If you were using a consolidated Bitcoin address, the process is now complete! If not, repeat Steps to 6 – 9 until you’ve signed your Byteball address with all your value-containing Bitcoin addresses.

Step 10 – Check Your Total Pending Byteball and Blackball

Visit this website and paste your Byteball address into the field provided. Within a few minutes of completing the signing procedure, it’ll display the total amount of bytes and blackbytes you can expect to receive in your Byteball wallet when the drop occurs.

waiting for the drop

Multiply your number of complete bitcoins by the expected byte reward and compare the result by the total displayed by the website. If the website displays less than expected, it can only mean that you’ve forgotten to sign for one or more addresses.

I got the coins! Should I Sell or Should I Hold?

Once you have your free GBYTE, you must decide whether to hold it or sell it! Below are some points which may help you to decide!

byteball daily price
Daily prices of Byteball on Bittrex, its biggest market.
Note the run-up to June 9th (crosshaired) and the subsequent dip and recovery.

Reasons to Hold

  • The pattern so far has been that Byte price dips on the drop as a percentage of newly-awarded coins are instantly sold, but then recovers shortly thereafter. This implies that price will continue to rise, at least until the final coins are awarded.
  • Holding GBYTEs in your linked wallet makes you eligible for a 20% bonus in the amount you’ll receive (based on your linked bitcoins) in the next distribution round. A similar bonus also applies to any blackbytes you hold.
  • Byteball has yet to be listed on the major altcoin-only exchange, Poloniex. A price spike may be anticipated when (or if) it gets listed there, or on any other big exchange.
  • Byteball’s DAG technology is promising… Smooth scaling, easy smart contracts and fast transactions are implied. Review the website and white paper for more details.
  • Byteball’s distribution method and relative lack of promotional hype suggests a serious project geared towards major long-term success, rather than short-term gain. This would represent something of a welcome exception in the altcoin space.

Reasons to Sell

  • If you really need bitcoins or fiat in a hurry, then it’s better to sell bytes than a kidney!
  • Byteball’s code hasn’t been subject to any intensive peer review. It could contain secret bugs or exploits which harm the system.
  • The DAG concept, as supported by Witness nodes, has also yet to be reviewed and challenged by cryptocurrency experts. There exists the possibility of a misaligned incentive structure or unknown attack(s) which could damage or even break Byteball’s security model.
  • Byteball’s real-world resilience to a persistent fork – or even multiple simultaneous forks – has yet to be established.

It’s up to the individual to weigh the above points and come to a decision. Good luck!

A Note on Security Concerns

It occurred to this author that, if the Byteball wallet were a particularly crafty piece of malware, it might trick users into providing signatures which could be used to authorise a transactions from users’ Bitcoin wallets – and drain them! However, this concern may be safely dismissed, for the following reasons:

1) Six Byte distributions have been completed thus far, with no reports of any such malicious activity.

2) The Byteball wallet generates the text to be signed (specifically, your Byteball address) before requesting any signatures from your Bitcoin wallet. It would have to a remarkably sophisticated malware to know which of your

3) The following conversation with Bitcoin Core developer, Gregory Maxwell, in which he confirms that preventions against such a signature attack have been implemented in Bitcoin:

HeySteve: is it possible to construct a message to be signed by a bitcoin address, such that the signed message could also be a signature used to authorise a transaction?

gmaxwell: If by “signed by a bitcoin address” you mean the standard signmessage functionality, then the answer is No because we very carefully constructed signmessage so this could never be possible.

What transactions are signing is sha2(sha2(masked transaction)) and what signmessage signs is sha2(‘Bitcoin signed message:’ || message)

(I might be slightly wrong about the exact string.)

I think the very early draft of that functionality didn’t do that– e.g. sha2(message), and someone (probably me or Peter Todd) pointed out that you could be tricked into signing something that was actually a transaction hash.

HeySteve: yes, that was my worry. I signed a series of 32 character altcoin addresses using my Bitcoin addresses

gmaxwell: Yea, we’re looking out for you. :)

A Note on Privacy Concerns

If you follow the above procedure, the Byteball developer and anyone he shares the information with(willingly or otherwise) will be able to associate your IP address with all Bitcoin addresses for which you signed. Further, it would be possible for other addresses you own to become associated with your linked addresses.

You may mitigate these issues immediately after the drop occurs by anonymizing your bitcoins.

Method #2 – CLAMs Offer

Clams / Clamcoin (CLAM) is a Proof of Stake cryptocurrency launched in May of 2014. By the process known as “digging,” CLAMs are freely distributed to historical owners of Bitcoin, Litecoin and Dogecoin. All addresses of significant value, created prior to the 12th of May 2014, are eligible for digging.

In other words, you can only claim free CLAMs if:

  1. you have a BTC, LTC, or DOGE wallet (backup) from May 2014 or earlier, and
  2. The address contained value(s) above “dust,” or the standard transaction fee at the time.

You will receive 4.6 CLAM for each suitable address! As the value of Clams has ranged between $5 and $7 of late, this can add up to a considerable windfall! Unfortunately, it’s difficult to calculate your expected CLAM reward beforehand. However, if you were an active Bitcoin user in mid-2014 and are familiar with wallet management procedures, then digging for Clams will very likely prove worthwhile!

How to Claim Your Clams

Step 1 – Wallet Installation

Visit the Clams Client website to download and install the appropriate graphical client for your system.

Clam Wallet

Step 2 (Optional) – Download Blockchain Bootstrap File

Syncing your Clam wallet with the current version of the blockchain can take a long time, particularly if you have a slow internet connection.To speed up the process, download this ~1.5 GB blockchain bootstrap as a file or torrent. Place this file within the same folder as your Clams wallet.dat file – use your OS’s search feature to locate this folder or consult this wiki page (replace “Bitcoin” with “Clam”).

This optional step allows the Clam client to sync primarily from your hard drive, rather than the internet. Further details on this process may be viewed here.

Step 3 – Prepare Your Bitcoin, Litecoin or Dogecoin Wallet for Digging

Unlike the Byteball process described above, Clams does accept address signatures – it requires your sacred private keys! As sharing the private key to an address allows the spending of funds contained therein, it is highly recommended that all funds be moved to a new wallet before performing this process!

Although Clam’s founder, dooglus, has been a respected member of the Bitcoin community since at least January of 2011 and there have been no reports thus far of any misbehaviour by Clams wallets… Nevertheless, sharing your wallet’s private keys (even with Satoshi Nakomoto himself) is the single most dangerous action any cryptocurrency user can perform – akin to sharing the login details of your online banking account.

This is why we strongly recommend first transferring any and all funds within the “dig wallet” to a new wallet. This would be a great excuse to invest in the security of your cryptocurrency holdings by purchasing a hardware wallet, if you haven’t already got one. Hardware wallets require the generation of a new wallet in order to securely store your funds.

If you’ve been delaying the purchase of a hardware wallet due to their expense, consider Clams as a way to get one at a discount – or even free!

There’s no time limit on the Clams distribution, so you have ample time to research the best choice of a new wallet. If you prefer your existing wallet, you may be able to create an additional wallet within the same software – Electrum offers this functionality, for example.

Whatever you decide – either getting a hardware wallet or creating an another software wallet – ensure that your new wallet is properly set up and protected before importing all funds from the old dig wallet. Remember to backup your new wallet.dat file or cryptographic seed, plus set and backup a password.

Once your old dig wallet is empty – and remember to reroute any pending payments to an address within your new wallet! – it’s safe to proceed with the next step.

Step 4 – Digging for Clams!

The graphical wallet makes importing your old BTC / LTC / DOGE dig wallet’s wallet.dat file (which contains the private keys) a simple process. Before performing this action, ensure that you’re importing the correct file – that belonging to your old wallet! If you don’t know where this file is located, refer to Step 2 (and raise your wallet backup awareness).

To avoid any possible confusion, consider renaming the directory containing your old dig wallet to something like old_Bitcoin_wallet_backup. Don’t delete this file either – you never know when it might allow you to take advantage of another altcoin distribution!

Ensure that your wallet has fully synced before proceeding any further.

Now perform the following actions in your Clam wallet:

Import step 1 From the “File” menu, select “Import Wallet…”

Import step 2Navigate to the location of your old dig wallet and choose it.

If you’re unable to locate the wallet file, configure your system to display hidden folders and files. The Clams wallet will now do the rest! You should see your freshly-dug Clams appear shortly.

import succeeded Clam wallet following a successful dig.

Should I Sell or Should I Hold?

Once you have your Clams, you’ll need to decide what to do with them! Although far off its all-time high, like many altcoins, Clams’ price has been on the rise lately:

Clams daily chart 2017

CLAM-BTC daily chart for 2017 displays a clear uptrend.

To aid in your decision, here are a number of positive and negative factors to take into consideration.

Reasons to Hold

  • Clams is a Proof of Stake coin so, just by holding CLAM in an always-open wallet, you’ll earn more coins over time through the staking process.
  • The popular and long-running Just-Dice gambling site allows you to invest your CLAMs in the site, earning a share of its steady profits. The site will also give you the staking rewards for your invested coins. If left alone for a while, your investment will accrete steadily – rather like a pearl!
  • Clams are available for (leveraged) trading on the popular altcoin exchange, Poloniex.
  • Although not technically-innovative, Clams is based on proven blockchain technology.

Reasons to Sell

  • If you need fiat or bitcoins, you probably need them more than CLAM.
  • Although there are projects in the pipeline, the coin is not being developed aggressively.
  • The Clam economy is centred around Just-Dice, with little other activity at present.

Any further questions you might have are best asked in the Just-Dice chat box. This is the most active discussion forum for Clams, where you’ll probably be able to get your question answered by dooglus himself.

Bonus Free Money Method – Stellar!

Stellar is planning a second distribution of lumens to Bitcoin holders. The distribution period is from the 27th of June until the 27th of August. This author did not participate in the previous Stellar drop so can’t comment on the process. Further details are available on the Stellar site; essentially one needs to sign for active Bitcoin addresses and provide a Facebook account, or hold coins on a participating exchange.

The Fairness of a “Bitcoiner Drop” Distribution

Effectiveness isn’t the only criteria for judging a coin’s distribution. Allegations of an unfair or selfish distribution can harm a coin’s reputation over the long term. Distributing new coins to holders of existing coins is arguably the fairest way to distribute a new coin, assuming the initially held coins were fairly distributed.

If you’ve tried this method yourself please let me know your experience in the comment section below!

Good luck!

Steven Hay

I'm a former futures trader. My keen interest in matters financial, economic and political eventually led me to conclude that the current, debt-based fiat system is broken. It was a natural step from there to investing in gold and, in early 2013, Bitcoin. Although I'm not very technical, I've learnt about Bitcoin through study, asking questions, running ecommerce and marketing sites and working as a journalist. I've always loved writing and my current focus is on creating guides which inform others about Bitcoin's advantages.

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42 Comments on "How to Use Your Bitcoin Wallet to Get Free Coins"

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Dan
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Member
Dan

If you held private keys to addresses with BTC in them on April 26, you are eligible for an equal number of Bitcore (BTX), currently worth about $2 each. Check this out – bitcore.cc

Anyone know of any other such giveaways? :)

IvanZ
Guest
Member
IvanZ

Hi guys,
I have a BTC address dating back to beginning of 2014, however, all funds have been relocated to another address due to the Bitcoin Cash fork. I think I can still move the funds back to the same old address from 2014. If that’s the case, do I qualify to claim the two offers above? Also, I can move significantly more btc to this old address, if that’s within the rules.

Thanks,
Ivan

Ofir Beigel
Admin
Member
Ofir Beigel

Hey Ivan, if you didn’t have any Bitcoin in an address you control before the fork you can’t claim BCC retroactively.

IvanZ
Guest
Member
IvanZ

Huh? I already claimed my BCC. I was wondering if my old bitcoin address from 2014 could still be used to claim the two offers above, which I think are still valid but perhaps someone else could give an insight.

Ofir Beigel
Admin
Member
Ofir Beigel

Something is a bit unclear to me in your question – did you have any funds in that address on August 1st?
It’s important to understand that BCC is not an “offer”, it’s a technical split that can be done only on addresses that had Bitcoins on August 1st. After August 1st there is no way to do this split even if you send back money to old addresses.
Hope this is clearer now.

Wally Earth
Guest
Member
Wally Earth

Hello people,
After having made the micropayment to prove the existence of BTC in my Copay wallet the bot tells me that I have no BTC there. Then I go to wiki byteball to learn how to do change of address.
Apparently I should send all my coins to the address specified in the bot, but I do not know how to do it.

Can you help me?

Steven Hay
Guest
Member
Steven Hay
Hi Wally Earth, Send all your bitcoins to an address, you mean? DON’T do that! A micropayment is enough to prove your ownership of an address. If the bot is asking for more than a few cents worth of BTC, something has gone wrong. Unfortunately, I’m not familiar with the process using the Copay wallet. It seems impossible to sign using Copay wallets without complex workarounds. In other words, you’ll have to use the micropayment method, which again I’m not familiar with. I suggest you join the Byteball Slack group and ask for technical assistance there. They’re used to dealing… Read more »
CryptKeeper
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Member
CryptKeeper

Hi guys, almost everything you want to know about Byteball is covered in our wiki at wiki.byteball.org

Tamas
Guest
Member
Tamas

Ok, so the current exchange prices at ByteBall’s Byte-BTC Exchange bot is:
Buy at 0.333 BTC/GB – fast
Buy at 0.3111 BTC/GB – have to wait
Sell at 0.311 BTC/GB – fast
Sell at 0.33290000000000003 BTC/GB – have to wait

I made a mistake in my last comment. Exchange bot looks actually cheaper than Bittrex. I’ll use the bot to Buy Bytes and than I can play with the Bounce bot which is basicly playing squash with money. A lot of funny things are included in the chat software, so please download it from:
https://byteball.org/

Tamas
Guest
Member
Tamas

I’m geek enough for ByteBall, thank you.

This opened up my mind. Today, I’m sending a few Bytes on the chat to play with the chatbots.
Later on I could mingle on ByteBall chat with my friends.

You can buy cheap ByteBall Bytes on Bittrex. You can also buy Bytes from one of the chatbots as well, but unfortunately the buy/sell ratio is higher.

Andrea
Guest
Member
Andrea

Thanks for this very useful post. I want to contribute with a suggestion I used for myself.

As I have a paper wallet, I was able to create a signature by using BrainWallet (https://brainwalletx.github.io/#sign) on an OFFLINE computer, so my private key never touched the web. Then I had only to transfer to the online computer and send to the bot only the public address and the signed message. It worked perfectly and I think that this method should be very safe (and simple and free of cost).

Best

Ofir Beigel
Admin
Member
Ofir Beigel

Thanks for this input Andrea!

Thomas
Guest
Member
Thomas

Oh boy, this all seems to be a lot of work and hassle for just “lousy” USD 50 for a Newbie like me …

Thomas

bobby
Guest
Member
bobby

that’s if you have 1 btc yes but really it’s quite simple and straightforward if you understand how to sign a message from your btc address. It’s essentially just install another coins wallet and verify it. For people holding a few btc it’s a no brainer, you can be given a few thousand dollars forabout 10mins setting up.

Randolphe
Guest
Member
Randolphe

Dear Sir,

Really appreciate this email.
Thank YOU.
Learning/working to gain my first ever Bitcoin.

Yours respectfully,

the humblest cryptocurrency noob

Ofir Beigel
Admin
Member
Ofir Beigel

Glad we can help!

ben
Guest
Member
ben

I’m not sure that selling the Byteballs you get is a good advice.
Have a look at the whitepaper, that’s the most innovative crypto we’ve seen for a while and it’s not a project anymore, it’s an existing crypto that works well. It could become mainstream next years.

nicolas
Guest
Member
nicolas
this is very weird… because after signing from my bitcoin wallet (LEDGER) it is only asking for a payment with the following message… Please just pay 0.001132 BTC to Bitcoin address 1Nt1SEKoj8kcoTJyNfqXtfBF5QaPPoMN4H (this address is valid only for you), I’ll give you further instructions as soon as we see your payment. this sounds like a scam…. for this article writer (Steven Hay) can you take responsibility to pay back in case of a scam ??? Don’t write such article if you are NOT 100% SURE of what you are saying or doing !!! Now it really makes my trust into… Read more »
bobby
Guest
Member
bobby

there are two ways to verify your bitcoin address, one s to snd the payment and the other is to sign a message. With the price and transactions fees rising it’s advised to ignore the payment method and just sign a message which costs you nothing.

So, there’s two options for you to choose.

Brian Bloomfield
Guest
Member
Brian Bloomfield
First Nicolas don’t share your address publicly! Very dangerous! These gentlemen work hard to maximize your profit! So, in my experience using byteball tied to my bitcoin wallet has made life a little easier! With byteball, you can make conditional payments. Let’s say you and a friend bet on a football game, you bet .001 btc on the Vikings, should they win or lose you don’t have to remember to pay. I started using byteball in the second wave of 2017, roughly march. The reason for it was I was looking for ways to increase my portfolio, at little cost.… Read more »
Steven Hay
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Member
Steven Hay
Hi Nicolas, using the signing method there’s absolutely no need to send any bitcoins. If in the first step you give the Transition Bot your Byteball address, it will say the following: “Got it, your Byteball address is G… Now please pay 0.001032 BTC to 1…w from a wallet where you control the private keys (no exchange wallets, no Coinbase, no Xapo, etc). By paying you will prove ownership of your Bitcoin address we receive the payment from. Don’t worry if your Bitcoin wallet doesn’t allow you to select the address to pay from, I’ll let you know your Bitcoin… Read more »
Ofir Beigel
Admin
Member
Ofir Beigel

Hey Nicolas,
I can assure you that Steven’s integrity is flawless. What you’re stating shouldn’t be part of the process and like the article says the whole process should be completely free of charge. Can you perhaps share an image or a screencast of what you did?
In any case DON’T pay anything to anyone using this method.

Crypto
Guest
Member
Crypto

Hi I have 3 billion BlackBytes in my mobile wallet but today morning i checked and its directly generated new wallet. how to recover my balance?

Brian Bloomfield
Guest
Member
Brian Bloomfield

Please input your old seed backup. You should be able to recover from that

Steven Hay
Guest
Member
Steven Hay

OK, the Byteball wallet can contain multiple addresses, like most crypto wallets. If you click the 3 horizontal bars at the top left, it’ll open a menu pane on the left of the wallet. The entries below the Byteball version number and “+ add wallet” button are your current addresses. If you see multiple entries there, click between them to search for balances in your various addresses. Note that on the wallet screen itself you can click left / right to switch between bytes and blackbytes…

Did that resolve the problem?

scam
Guest
Member
scam

sir, When update of this software bit wallet has malware and hack and steal Bitcoin from people I hope u take responsibility and pay back people who followed ur advice………

Ofir Beigel
Admin
Member
Ofir Beigel

Hello, I’m not aware of any malware and did not encounter anything like that in process of creating the article. Can you perhaps share a screenshot or screencast proving this claim? Malware can come from many sources online.

Naresh
Guest
Member
Naresh

I am unable to open account of electrum it is very difficlt to open a account this wallet? I am unable to use your strategy, Let me know best wallet to send BTC to byteball.

Thanks,
Naresh D

Zsofia Elek
Admin
Member
Zsofia Elek

Hi Naresh, here is our review about Electrum wallet, it might help you to open the account. https://99bitcoins.com/electrum-wallet-review-personal-reddit/ Alternatively you can use independent wallets like Bitcoin Core, Greenaddress or MyCelium.

Jerry
Guest
Member
Jerry

Hey Steve, you mentioned “Every full moon, you’ll get free byteballs and blackbytes for every full bitcoin over which you can prove ownership – fractions don’t count. “. Does that mean we have to have greater than or equal to 1 BTC to be qualified? Any wallets with less than 1 BTC are not eligible?

Steven Hay
Guest
Member
Steven Hay

Hi Jerry, sorry about the confusion on this issue. I was mistaken. From doing the process, I thought that fractional amounts don’t count… However, I double-checked this with the Byteball terms and it turns out they DO. So Bitcoin amounts to the right of the decimal WILL count towards the number of bytes and blackbytes you receive in the drop.

Tarquin Rees
Guest
Member
Tarquin Rees

Hi, can we confirm this? Is it possible to participate with less than 1 BTC?

Ofir Beigel
Admin
Member
Ofir Beigel

Yes you can, it’s been confirmed with the devs

Sandor Nagy
Member
Member
Sandor Nagy

Dear Steven,
does it mean that wallets with less than one bitcoin can also participate?
Thanks.

Ofir Beigel
Admin
Member
Ofir Beigel

Seems so..

jon
Guest
Member
jon
Permit me if I am dumb, these process are complex and also has some loopholes that shows that it is not 100% good. Asking for btc to gain a very much unknown coin is unreasonable. I will call it a scam. Why will I trade valuable money for a money that is not valuable on the grounds of getting the not valuable one when it splits. It sounds absurd. This was what happened in the case of ONECOIN until perpetrators were bursted in India and Germany. And many countries like that in Europe. It is a long con process set… Read more »
Ofir Beigel
Admin
Member
Ofir Beigel

Hey Jon,
I think you didn’t follow the process from start to finish. At no point do you need to send any of your coins, you just prove ownership of them by signing a transaction. In a nutshell – this is a free method, you shouldn’t pay anything for it.
I really hope you take the time to understand what the article is about.

jon
Guest
Member
jon

I followed from Start to the end. I understand them.

Ofir Beigel
Admin
Member
Ofir Beigel

Then perhaps I didn’t understand what you meant when you said “Why will I trade valuable money for a money that is not valuable on the grounds of getting the not valuable one when it splits.” – where did you see that it talks about trading your own money in the article?

Edy-ar
Guest
Member
Edy-ar

It’s not fair

Rajesh
Guest
Member
Rajesh

On the same front, do I need to provide a new bitcoin address every full moon to get new byte balls? Or is it okay to keep signing and providing the same address again and again every full moon?

Steven Hay
Guest
Member
Steven Hay

Hi Rajesh,

The way it works is it’ll automatically send if your signed addresses still contain bitcoins. So if you only received bitcoins during a month and didn’t spend any, you won’t have to do anything and the new bitcoins will be counted. If you spent bitcoins however, then your wallet will probably contain some new change addresses which you’ll have to sign for. Using the site I linked to check your expected balance should help you determine the situation. Also, the Transition Bot message log will list which of your addresses are linked for the drop.

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