Do you know about Cryptocurrency Dust, and how it affects you?

[GoldenLady]

I came across this term today, Bitcoin dust.
I understood it to be any fraction of a cryptocurrency token that is so small that it cannot be traded.
This makes the crypto dust to lie idle in exchange wallets.

It can also be used to affect the privacy of the holder by hackers, who sometimes send it to your wallet without the owners knowledge.

What do you know about it?

 

[WhiteHouse]

You have said it all especially it been a small fraction of a token but In the long run “Bitcoin dust" could have an impact on crypto. If Bitcoin was to reach 1 million USD that 10 cents would become 8.93 USD. It's still not a huge amount of money but a typical crypto trader easily has dozens of locations with crypto they have forgotten about

 

[Ltherman]

Good thing to finally learn what those very tiny fraction means and what it entails if crypto appreciates greatly. So in having those tiny fraction how can it be moved or converted to good use rather than lying fallow.

 

[ahmedo24]

I think I have such Tron dust on my wallet currently which I earned from staking my wallet for few days , the value is small that it can't be equivalent to smallest USD units but may be when the price of Tron increases remarkably it will reflect

 

[Maliha]

Its a small amount of bitcoin that has kept in the wallet that is less than money for the transaction fee.it is usually impossible to trade because this amount is less then the minimum trading limit.

 

[GoldenLady]

Good thing to finally learn what those very tiny fraction means and what it entails if crypto appreciates greatly. So in having those tiny fraction how can it be moved or converted to good use rather than lying fallow.

It is suggested that you first make sure you are the one that left it there.

If so, then you can send a certain amount of cryptocurrency to that wallet to make it up to an amount that can be traded or exchanged, then you can get rid of it.

 

[Akinwale701]

I came across this term today, Bitcoin dust.
I understood it to be any fraction of a cryptocurrency token that is so small that it cannot be traded.
This makes the crypto dust to lie idle in exchange wallets.

It can also be used to affect the privacy of the holder by hackers, who sometimes send it to your wallet without the owners knowledge.

What do you know about it?

You mean Cryptocurrency dust? To be honest I'm hearing this for the first time but I think I've experienced this too. I have some few satoshis on my wallet that can't be sent out, for example some wallet require that you send at least 1$, so any balance less than 1$ is a dust.lol

 

[Kennysplash]

I came across this term today, Bitcoin dust.
I understood it to be any fraction of a cryptocurrency token that is so small that it cannot be traded.
This makes the crypto dust to lie idle in exchange wallets.

It can also be used to affect the privacy of the holder by hackers, who sometimes send it to your wallet without the owners knowledge.

What do you know about it?

Oh really! This is the first time I will hear that term. So that means the Bitcoin I have in my luno wallet is dust, since I cannot sell it or exchange it for other crypto currencies. It was actually given to me for signing up on luno and it has been lying there for almost a year. The price has quadrupled though.

 

[Heatman]

I came across this term today, Bitcoin dust.
I understood it to be any fraction of a cryptocurrency token that is so small that it cannot be traded.
This makes the crypto dust to lie idle in exchange wallets.

It can also be used to affect the privacy of the holder by hackers, who sometimes send it to your wallet without the owners knowledge.

What do you know about it?

If the cryptocurrency known as Bitcoin dust is so worthless why would anyone ever try to have it saved in their wallet? I have come across so many cryptocurrencies that came out but never survived the market, so it's useless putting your money in it.

 

[Sotherefore]

I've been observing and been wondering why such amount of crypto has always been on my wallet without being able to withdraw it but I didn't know that it is called crypto dust, maybe I think we will able to withdraw it when the value of that small amount that is staying there will rise to about 0.1 or 0.5 dollars that's when we will be able to withdraw it and it may take up to a year before such thing can happen,thank you for educating me about this because this is my first time of hearing this.

 

[tuna89]

I have had some experiences especially with the eth dust but one thing common is that you may not care about them much because the values are very small, the worth is not what you may be able to invest. Some of them are given for free at times but may be useless because you cannot exchange them for any crypto whatsoever, the best is just to buy and hold a valuable crypto.

 

[Ltherman]

It is suggested that you first make sure you are the one that left it there.

If so, then you can send a certain amount of cryptocurrency to that wallet to make it up to an amount that can be traded or exchanged, then you can get rid of it.

Is it even possible to completely liquidate a wallet down to a point where there is nothing left in the wallet?
Which particular wallets do you use with less charges so one can factor in the proper fractions.

 

[Nurudeen]

I think this is a crypto currency shady deal and you shouldn't engage in it. And moreover if you want to know the genuinety of a coin you need to check the coin at coinmarketcap.com to know how legit the coin is. If you can't find any coin on the website just forget about the existence of the coin.

 

[alberello75]

Maybe using Bitcoin submultiples, we can define "dust" as some hundred satoshis, if I understand correctly.
If so, from how I can understand, the scam could happen because Bitcoin users (but also for other crypto) do not pay much attention to these small amounts in their wallets, which could be spied on. In this regard, I believe it would be necessary to pay attention to public and transparent Blockchains.

 

[Rimsha kanwal]

You have said it all especially it been a small fraction of a token but In the long run “Bitcoin dust" could have an impact on crypto. If Bitcoin was to reach 1 million USD that 10 cents would become 8.93 USD. It's still not a huge amount of money but a typical crypto trader easily has dozens of locations with crypto they have forgotten about

Bitcoin offers an alternative to fiat currency. Yes, it is volatile right now. However, the fixed supply of 21 million Bitcoin means that it cannot be hyperinflated. Fiat currencies, on the other hand, have technically an infinite supply.
[automerge]1610613075[/automerge]

You have said it all especially it been a small fraction of a token but In the long run “Bitcoin dust" could have an impact on crypto. If Bitcoin was to reach 1 million USD that 10 cents would become 8.93 USD. It's still not a huge amount of money but a typical crypto trader easily has dozens of locations with crypto they have forgotten about

Bitcoin offers an alternative to fiat currency. Yes, it is volatile right now. However, the fixed supply of 21 million Bitcoin means that it cannot be hyperinflated. Fiat currencies, on the other hand, have technically an infinite supply.

 

[Ralphjoe]

This is the first time that I am hearing about this term, to me this Bitcoin dust doesn't have any real significance whatsoever to wallets. I actually have a Bitcoin dust of 73 satoshis in my wallet currently in my wallet.
If the Bitcoin dust is actually harmful as it's being said, them why haven't my account been hacked? Anyway there is no way that anyone can avoid not having this Bitcoin dusk in each wallet.

 

[Josemendez]

I came across this term today, Bitcoin dust.
I understood it to be any fraction of a cryptocurrency token that is so small that it cannot be traded.
This makes the crypto dust to lie idle in exchange wallets.

It can also be used to affect the privacy of the holder by hackers, who sometimes send it to your wallet without the owners knowledge.

What do you know about it?

Well , such small Satoshi of Bitcoin or cryptocurrency is not a waste ,because one can still buy more Bitcoin or receive more Bitcoin ,that will add to it ,thus making it to add up to the bought ones .
As for hackers , if one uses decentralized wallet , it will be difficult to be affected .

 

[Sincerem]

Hmm, I never about this Bitcoin dust before, this my first time of hearing about it. If it can spot hackers that tries to penetrates ones private information and Bitcoin stored in the wallet exchange it gonna make sense a lot.

 

[joy101]

Really, I haven't hear about this bitcoin dust before and this is my first time hearing it, I don't have any real significant whatsoever if it can spot hackers not to penetrates ones private information through the bitcoin dust wellets,

 

[BrolySSJ]

I came across this term today, Bitcoin dust.
I understood it to be any fraction of a cryptocurrency token that is so small that it cannot be traded.
This makes the crypto dust to lie idle in exchange wallets.

It can also be used to affect the privacy of the holder by hackers, who sometimes send it to your wallet without the owners knowledge.

What do you know about it?

This is the first time that I'm hearing about this concept. If it is a fraction that is so small that it cannot be traded, then perhaps this is because it has a low value and therefore has no monetary value to be able to trade it. How does this affect the privacy of the holder who has this Bitcoin dust? Is this way that they are crazy also get into your wallet? Because if someone had to send you a small amount of currency without you knowing it you would generally be thankful for that rather than be suspicious.