non custodial wallet Archives - Coin Engineer

What Are Binance Alpha Points and How To Use Them?

Yigit Taha OZTURK — Fri, 25 Apr 2025 09:26:37 +0000

Binance has launched a new reward program called Alpha Points to boost user engagement on its platform. This system incentivizes active trading over passive holding: a single $8 trade earns the same points as holding $100,000 worth of assets. By encouraging more frequent transactions, the program aims to increase overall liquidity.

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How the Alpha Points System Works

The Binance Alpha system updates daily scores based on two main criteria: total assets held on Binance CEX and activity in Binance Wallet, plus Alpha token purchases. Only buy-side transactions count toward point accrual—sell orders are excluded.

Balance Points

Users earn daily points according to their total asset balance (UTC time zone):

$100 – < $1,000: 1 point/day
$1,000 – < $10,000: 2 points/day
$10,000 – < $100,000: 3 points/day
$100,000+: 4 points/day

Volume Points

Additional points are awarded for Alpha token purchase volume:

$2 → 1 point
$4 → 2 points
$8 → 3 points
$16 → 4 points
$32 → 5 points

For every doubling of volume beyond $32, users gain +1 extra point (e.g. $64 = 6 points).

Points as Keys for TGE and Airdrops

Accumulated Alpha Points will determine eligibility for future Token Generation Events (TGE) and airdrops. Users can monitor their point totals in the “Information” section of the Binance app.

Following the announcement, trading volume on Binance surged by 15% within the first hour. BNB climbed 2% to $600, and pairs like BNB/USDT and ETH/BTC saw notable volume increases.

The new system also drove activity on Binance Smart Chain: active wallets rose 10%, and transactions hit 500,000 per hour. These metrics underscore the strong impact of Alpha Points on user behavior and market dynamics.

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Atomic Wallet Offers $1 Million Reward for Bug Reports

admin — Thu, 21 Dec 2023 07:42:14 +0000

The company aims to strengthen the platform’s security by rewarding white hat hackers who identify and report security vulnerabilities. The program offers a range of rewards, from $500 for reporting low-risk issues to $10,000 for finding high-risk vulnerabilities and $100,000 for discovering serious security breaches.

However, despite this significant development, the blog post did not mention the June hack attack. While there have been strong allegations that the attack was carried out by the North Korean hacker group Lazarus, the details of the attack are still under investigation.

Atomic Wallet is facing a class-action lawsuit following the previous hack attack. The plaintiffs allege that the company knew about the vulnerabilities but failed to take adequate precautions, while the company is seeking to dismiss the lawsuit by highlighting its limited liability terms of service and non-custodial wallet operations.

Here are some of the key details of the Atomic Wallet bug bounty program:

The program is open to anyone with the skills and determination to help Atomic Wallet strengthen its security infrastructure.
Rewards are based on the severity of the vulnerability found.
Low-risk issues are worth $500.
High-risk vulnerabilities are worth $10,000.
Serious security breaches are worth $100,000.

Atomic Wallet is hoping that the bug bounty program will help to identify and fix any security vulnerabilities that may exist on the platform. The company is also committed to providing a safe and secure environment for its users.

Also, in the comment section, you can freely share your comments and opinions about the topic. Additionally, don’t forget to follow us on Telegram, YouTube, and Twitter for the latest news and updates.

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Custodial And Non-Custodial Wallets

admin — Sat, 08 Jul 2023 10:00:51 +0000

A custodial crypto wallet is like having someone else hold and manage your digital assets for you. It means that a third party takes care of your private keys which are like the keys to your cryptocurrency. With the wallet, you don’t have full control over your funds or the ability to make transactions on your own. However, using a the wallet isn’t a bad thing.

In the early days of Bitcoin, everyone had to create and manage their own wallets and private keys. But was difficult and risky for beginners. If you lose or someone steals your private keys, you could lose your crypto forever.

Reports suggest that over 3 million Bitcoin might be lost forever.

There have also been cases where people couldn’t access their crypto because the private keys were only known by the original owner. To prevent such incidents, you can share access to your assets with a custodian. Even if you forget your password on a cryptocurrency exchange, you can still get help from customer support to access your account and assets. But if you use a non-custodial wallet, it’s your responsibility to keep your crypto safe. That is why, using a custodial wallet makes sense.

However, it means trusting a third party with your private keys.

When looking for custodial services:

Check if they are regulated
What services do they offer
How do they store private keys
If they provide insurance coverage

You might like it: What are BRC-20 Tokens?

What Is Non-Custodial Crypto Wallet?

The non-custodial wallet is a wallet where you are alone and have control of the private keys. There are no intermediaries involved, so you can trade cryptocurrencies directly from your wallet.

It’s great for experienced traders and investors who know how to handle and protect their keys and seed phrases.

You need the wallet when using a DEX or DApp. Uniswap, SushiSwap, PancakeSwap, and QuickSwap are examples of decentralized exchanges that require a non-custodial wallet.

Trust Wallet and MetaMask are good examples of non-custodial wallet service providers. It’s your responsibility to keep your seed phrase and private keys safe.

You can present your own thoughts as comments about the topic. Moreover, you can follow us on Telegram and YouTube channels for this kind of news.

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