Litecoin HODLers: How to Claim Litecoin Cash After Fork Like Bitcoin before it, Litecoin will see a hard fork from its blockchain, creating Litecoin Cash - a SHA Litecoin alternative. The opportunity for free coins for Litecoin holders has sparked a surge in Litecoin’s price, . Aug 12, · #5 Take your ‘seed words’ of the BTC wallet in which you had your BTC at the moment of Bitcoin Gold fork. Wallets like Jaxx, Mycelium, Ledger, gasthausamflughafen.de, Exodus, or any other wallet that supports BIP44 type key generation can be used for claiming gasthausamflughafen.de a simple Google search to check if your BTC wallet is BIP44 supported. #6 Once you have the seed words (or recovery phrases) which. BCH - Exodus Support BCH again) and traded Cash was Since my BCH Claiming after the Fork Claiming BCHABC BCHSV have been looking around the pop-up, click the Bitcoin Cash (BCH) on - splitting from Bitcoin Claim Them ( a guide that explains BCH from gasthausamflughafen.de after in when Bitcoin “Bitcoin Cash” (and Cash hardfork. 7 days I.
Claim bitcoin cash after forkHow to Get "Forked Coins" From Bitcoin Forks - CryptoCurrency Facts
The biggest hurdle for most people looking to claim Bitcoin Cash has been attaining a deposit address from a wallet they can trust. Now that Kraken is accepting Bitcoin Cash deposits, it will make it easier to split the coin.
If you decide to use Kraken as your next Bitcoin Cash Wallet , simply open an account on their site and look for their Bitcoin Cash BCH section, then you can generate a new deposit address there to get started. Bitcoin Cash deposits on Kraken currently requires 20 confirmations to clear, which took us about 5 hours earlier today. The number of required confirmations should come down in the future, and as more miners join Bitcoin Cash, the time it takes should get dramatically faster.
The process to claim Bitcoin Cash highly depends on where you currently stored your Bitcoin, such as the best Bitcoin wallets we suggested earlier. Below are the steps for a few of the most popular wallets to claim Bitcoin Cash. If you are using another wallet not mentioned here, be sure to ask in the comment section below and we can try to help.
We will continue to update this post and add instructions to claim Bitcoin Cash for other wallets as we see them, so check back often or ask below for your wallet. All you need to do is to upgrade to the latest version of Exodus to at least version 1. Kudos to Exodus for coming up with such an easy solution to claim Bitcoin Cash. Electrum officially stated that they will not directly support Bitcoin Cash, so to access Bitcoin Cash, user may transfer Bitcoin Cash to another wallet.
They recommend keeping your new coin in Jaxx until they are ready for the full integration of Bitcoin Cash, they will eventually support it and will split the coin for you. Update: Coinbase actually started trading Bitcoin Cash in the middle of December Step 2 is waiting.
You have to wait for the chain to go live the main network should go live around the same time. The idea here is that the developers need to double check everything went as planned before taking the main network online. The only way around the waiting step is if you were on exchange that offered futures of the forked coin described above.
Remember, if you get futures and you trade them, realize that you are trading away your forked coins. Sometimes, like with Segwit2x, this is great. The Segwit2x fork never occurred, so only users who traded futures benefited holders of Bitcoin did not. However, this can be pretty rough if the fork ends up doing well.
TIP : Some may want to wait for a stable wallet and not just any wallet to go live. Some forked coins I have seen have had rather wonky first attempts at full node wallets. For every fork, there is a fake wallet and a fake set of instructions attempting to trick you. If you are in control of your private keys : Once the devs announce that the new forked chain is live and thew wallet is live, you are ready to claim your coins.
Because this is how forks work, it is important to retain access to all wallets in which you held Bitcoin during the snapshot. It is also important to wait until you know the new chain and wallet software is stable. If the wallet has a bug, something could go wrong.
Since this is true, it is best practices to move your balance before you try to claim the forked coin so all addresses used to claim forked coins should have a zero balance at the time you go to claim the forked coin; that is VERY IMPORTANT. If you are in a wallet that supports the forked coin : You need to follow the directions of the wallet and configure the wallet for the new forked coin. If you are on an exchange or managed wallet like Coinbase that supports the forked coin : Wait until they credit your account.
With the above said, I strongly suggest not trading away all your coins out of the gate unless you are ready to buy them back strategically. However, what you do with your forked coins really depends on your personal goals and the confidence you have in the fork. That is really all there is to it. Super simple version of claiming a fork from a coin like Bitcoin : Be in a wallet where you control your private keys before the snapshot block.
Move your funds to a new address after the snapshot , but retain your private key for the old address. Download the new wallet once it is live. Super simple version of claiming coins from an airdrop from any coin like Ethereum this works regardless of why an airdrop is happening : Be in a wallet where you control your private keys before the snapshot block of an event to send out an airdrop, a snapshot of the ledger must be taken.
Configure wallet to show the new token. A fork when you control your private keys : Have crypto in a wallet address where you are in control of your private keys before the fork. Wait for the snapshot to occur check the official site, Twitter, and GitHub for updates on the snapshot block height ; if no block height is given, be in by the time given.
You can move your crypto at any time after the snapshot block has been added to the chain, but you must retain access to that address i. Open the wallet and wait for the new wallet to sync to the blockchain. Notify me of new posts by email. This site uses Akismet to reduce spam. Learn how your comment data is processed. CoinSutra was started in with the mission to educate the world about Bitcoin and Blockchain applications. Once your device is ready, follow these steps: 1.
A Few More Important Things To Note… If you have more than one Bitcoin wallet in your Coinomi account and you want to claim the equivalent BTG, you will have to repeat the above process, replacing the last zero with the zero-based account index each time.
You need to access Coinomi by the same way as shown above via ARC. Now instead of restoring your old BTC wallet, make a new one. Your new BTG wallet is ready which has zero balance. Now you should be able to see your BTG in some time. At the bottom of the screen, you will see the option to install the Bitcoin Gold application.
Click on the Install sign down arrow , and you will see a screen like the one below. Now, on your Ledger wallet, allow the installation. At the bottom, you will see the option for the BTG Split tool. Click on it. Update 2: SegWit holders may face some issues. Harsh Agrawal. An international speaker and author who loves blockchain and crypto world. Join us via email and social channels to get the latest updates straight to your inbox. Related Posts. Show Hide comments.