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Store crypto seed using a customized Bip39-like decoder. Safe to store on the cloud?

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Instead of using the standard Bip39 decoder to store a crypto seed I was thinking that it would be even safer to create a customized Bip39 stored in various locations on the cloud. Alternatively, I could use a custom grid (rows and columns) of numbers and letters to spell out the alphabet if that makes any sense (1a=d, 1b=t, etc.). Or a even simpler, a letter = a different letter. (i.e. a=z, b=s, c=q, etc.)

Anyone who knows crypto would be able to decode a seed by looking up Bip39. On the other hand, someone would have to discover the seed etched on a piece of metal or written on paper, then hack into my computer or cloud storage service to find the file that would decode it.

Is this a good or bad idea and are there better ways to achieve a higher level of security?

View Reddit by ynotplay – View Source

Buying crypto without kyc. Still possible?

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Hi! I live in the Netherlands and I used Kraken to deposit fiat for the last year. However, the recently changed their verification procedure. Now it is required to upload and copy of an ID to deposit fiat.

In general I’m fine to provide my details (e.g. contact details + address) in plain text, but I do not want to upload my ID. I simply do not trust these exchanges with such important documents. Other options to directly buy have pretty high costs to buy crypto.

I’m wondering if it is still possible to buy crypto via an exchange that does not require a full kyc. For example what Kraken was back in the days.

View Reddit by moofie88 – View Source

Can someone help me figure out my liquidation price on Kraken Please?!

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Im new to kraken i’m used to Bitmex where it tells you exactly your liquidation price

but for kraken I have no idea what my liquidation price is?

I already try their website and other post where people explain it but I still don’t get it

Can someone explain it to me like i’m 10 years old

what math do i need to do for me to calculate it

As you can see i’m not really good at math

Let’s say i leverage $1000 worth of bitcoin at 5x at this current price of $5300

What will be my liquidation price?

View Reddit by Xckoro – View Source