To get tommorow BCC/BCH/Bcash whatever its called, you will need a wallet to import keys.
You can run full node (which will takes alods of time and space) or run lightweight wallet - Electron which is a copy of Electrum.
Problem is it was found out that after installing Electron (http://www.electroncash.org/) it will scan your current Electrum installations and move all files to its folder.
This can be seen as "ease of use" but only makes it scary and not cool in most eyes.
Current suggested by Electrum itself idea for acquiring BCC is:
BCC wallets will require you to import your seed or your private keys,
which can be exported from Electrum. Doing so will expose all your
Bitcoin funds associated with that seed to the BCC wallet you decide
to use.
Therefore, after the BCC fork, but before you enter a seed or
private key in a BCC wallet, you should move all your funds to a new
Electrum wallet, with a new seed. You will still be able to use the
old seed or private key with BCC, because BCC has replay
protection. Wait until your funds are confirmed in your new Bitcoin
wallet, before you enter the old private key in a BCC wallet. This
will protect your BTC funds from rogue/untrusted software.
Current BCH Trading
HitBTC said they will list right after launch.
Follow, Resteem and VOTE UP @kingscrown creator of http://fuk.io blog for 0day cryptocurrency news and tips! |
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|---|
The safe path here is to install another instance of Electrum to a virtual machine or another computer, create a new wallet and transfer all the funds before installing Electron Cash.
Or just use another wallet, there are plenty of them: https://steemit.com/bitcoin/@bcn/preparing-for-august-1-hard-fork-how-to-claim-your-free-bitcoin-cash
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Right. People: YOU NEED TO MOVE YOUR BTC TO A NEW WALLET BEFORE YOU CLAIM YOUR BCC. Once the BTC has been transferred to a new wallet, not simply a new address, it's completely safe.
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If I did not move my BTC to a new wallet, did I basically lose my BCC by creating a BCC wallet whilst having a BTC wallet?
Sigh... As broke as I am I did not need this :/
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No, that wouldn't be a problem. If you had a BTC wallet at the time of the fork, you definitely have BCC. You just want to be sure to move your BTC first, before you try to access your BCC; otherwise there's a risk that you could lose your BTC.
Nothing that happens on the BTC chain can affect what happens on the BCC chain.
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BCC is down almost 10%. A lot of people are freaking out over this, do you still keep your bitcoin when they split? I heard it is 1:1 is that accurate?
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Yes it will be 1:1, except on Bitfinex (they'll give a bit more from orders). Those down prices on viabtc are futures, when it will be listed (in the next hours) on the exchanges, the price will drop much more as it will be dumped by many. However, after weeks and months it COULD rise, but nobody knows for sure.
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Thanks for a prompt reply!
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yes true
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Good info as always @kingcrown. Thanks for keeping us up to date on the situation.
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bcash all he way
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thanks for sharing
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nice
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great advice :D
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Friend of steemit, I follow and support you
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Thanks for the warning
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This is the wallet I use, although I didn't have a chance to send BTC from Bittrex.. At least they will credit me BCH.
Thanks for the post!
_Rob
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Thx for sharing
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Is true that bittrex will support bcc, and send equivalent amount of bcc if you have bitcoin?
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Yes
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Hi @kingscrown I've written an article about you, check it out, if you can? thanks.
30 Best Steemians Of The Day To Follow 1st August 2017
https://steemit.com/steemit/@jzeek/30-best-steemians-of-the-day-to-follow-1st-august-2017
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Well, that's what they say. As far as valuation, we don't have a clue only speculation.
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Friend of steemit, I follow and support you. I gave you a vote.
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Another interesting thing to consider taken directly from https://electrum.org/bcc.txt:
"About Electrum Cash
The name "Electrum" has been visible on bitcoincash.org and
electrumcash.org, with a modified version of our logo. The use of our
name and logo constitutes a trademark infringement.
We have never enforced our trademark against altcoin versions of
Electrum (such as Litecoin, etc), because we consider that users of
these altcoins are well aware of the distinction between Bitcoin and
their coin, and that they cannot be harmed by that confusion. However,
we do not agree with the use of the Electrum name in the context of a
Bitcoin fork, because it suggests that we endorse that fork, and that
we also endorse that wallet.
We reserve ourselves the right to use the name Electrum for a Bitcoin
Cash wallet, should we decide to publish one in the future."
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Rebranding takes lots of effort, but it seems to be work-in-progress - admittedly it's bad now as one can easily start up electron-cash, forget about it, and later believe it's actually electrum running - or vice-versa - but anyway, I would give the electron-cash dudes some slack here. The improper rebranding is obviously not due to bad faith. As for me, electron-cash seems to be the easiest way for me to move my bitcoin cash to the exchanges post-fork.
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That's why they renamed it to Electron.
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thats pretty much worse then just plain copying the name. as if this doesnt confuse people.
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I don't hold any bitcoin so I'll just be watching the event as it happens. Wonder how will things turn out for bitcoin cash.
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me too
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Friend of steemit, I follow and support you.
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I hold a little of it just to see what will happen then...followed you @trendo.
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Totally agree with you.
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Great information !!! Bitcoin Cash
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Best information and reporting
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I downloaded a few weeks ago and all it does is crash when trying to open it
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Yes, this is smart and a good precaution.
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Thanks for information !
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Thanks for letting us know. It is never a good idea to have tho copies of Electrum wallet installed on the same computer since they share data files.
This Electron Cash forked wallet apparently goes even further.
Yes, the approach with moving your BTC elsewhere first before opening wallet for BCH is the most prudent.
Two reasons:
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We dont know what happen next. Only trust the answer I know. The reason bitcoin grows where it now.
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Thanks for the info. Electrum put this info out on the 26th July. https://electrum.org/bcc.txt
Chill out peole, let things take their course. Peace.
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good , thx for information
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Thanx 4 the heads up mate!
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Thanks for Sharing this information with us @kingscrown
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Thank you so much for posting this. Its going to be a huge help going into tomorrows main event!
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I like this,,, nice pos @kingscrown
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Nice! I might consider.
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I don't have any bitcoins so I will just be Netflix and chilling
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this fork is going to channel an interesting course for bitcoin. however, a more careful and patient approach is required at this time by all stakeholders.
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your post so informative thank you share with us @kingscrown
Upvoted followed done Keep back same things
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Coinbase is getting down very frequently. I am looking for new bitcoin wallet i heard good things about electrum and blockchain What would you suggest me from these both?
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I never really trusted coinbase. I personally use blockchain and coinimi.
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i have mine in a paper wallet and hope i will be able to get the BCC by transfering to a exchange after the split -- my understanding is a little bit to low and i am not sure of anything with this split -glad i am not using the electron wallet
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Friend of steemit, I follow and support you. I gave you a vote.
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thanks for sharing
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Congratulations @kingscrown!
Your post was mentioned in the hit parade in the following categories:
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Friend of steemit, I follow and support you. I gave you a vote.
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Thank you for sharing
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I'm a newbie, so lucky to be here. Looking forward to receiving your help
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Awesome! So now I have my BCC ready to send in Electron and BTC ready to send in Electrum? I expected mush more hassle! :D Thanks for this!
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Friend of steemit, I follow and support you. I gave you a vote.
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Can I get BCC right after the fork?
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It depends on where you have your BTC. If in a wallet like Electrum, then yes. Coinbase said that they didn't plan to support BCC, but it may have changed today/yesterday. I didn't check.
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What's going to happen next?
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Weird.
New statement from Electrum (7/31)
https://electrum.org/bcc2.txt
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Hmmm...
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Interesting post. Thank you.
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Here I shared my (unintended) first hand experiences with Electron. Take-over of Electrum fund confirmed, however, no sign of loss of coin (at least over shorter period).
https://steemit.com/bitcoin/@nibor/electron-cash-bad-experience-with-ok-ending
Thanks to @kingscrown for the important post and also @jerome.pacman for linking Electrums statement!
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thanks for post
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Am sure all will go well...thanks for sharing, upped.
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This is downright sad that all these precautions need to be taken. Welcome to crypto right!
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Hahaha....screw that bitcoin cash,that is just another altcoin, people are hyping it too much...
About electrum, screw you electrum!
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people are just commenting 'good post and wow',, they have no idea what the post is talking about
( ps: am one of them )
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Thank you so much for information @kingscrown !
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I am impressed with you .. thanks information.semoga we can be friends well .. follow me @riansteem
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a great information guys, very useful for us beginners.. thanks @kingscrown
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thanks for this information @kingscrown, atleast we are aware of what bitcoin's happening.
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Increasing my information
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Its basically a new era for bitcoin.lets see how this new currency will work.
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I got tired of Googling crypto prices, opening 10 tabs from 10 exchanges or installing apps that take up 100 MB on my iPhone and do the same thing so I came up with a solution to our common problem, hopefully you'll find the solution useful https://steemit.com/bots/@steemboy/how-i-track-cryptocurrency-without-apps-websites-and-google
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Good and useable information. Thanks for posting this.
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this is obviously the most useful post going forward.
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Thank's for info
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Posting nice
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This is the real deal am so fly👍
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Not an official wallet, you play with fire. Code has been reused many times, but in this situation I'd not trust anyone.
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thanks for share. upvotes your post & you upvotes my post
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I am always learning something new on steemit everyday. All these wonderful information will certainly increase my general knowledge Thank you for your given information. @stan
Very informative posting.Keep posting on similar topics.Thanks for your effort.
@kingscrown thank you for your informative post.
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This post received a 2.5% upvote from @randowhale thanks to @buzzbeergeek! For more information, click here!
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Hi
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Good to know!
Thank you for sharing!
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thanks for post
https://steemit.com/@cryptonews24
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Great! I am following you. Keep going!
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Does any one think bitcoin will ever be 3,000?
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Thanks for sharing. It is really informative
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Is it necessary to send your BTCs to another electrum wallet, or could it be any wallet? I guess, we could send it anywhere, we just need to empty out from the addresses, right?
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Great share, thanks!
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thanks fo the info.
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Hello friend steemit I'm here supporting you. Follow me.
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Thanks for Share! like your post and love it!
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@kingscrown ... I believe its yet to be seen how BCH will work, though its too premature to come to a conclusion at this stage, may take little more time to settle down the dust and have some transparency.
It should be like the case of Ethereum and Ethereum Classic !!!
BCH in reality seems inevitable !!!
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Nice usefull information information,
The wallet You said about, Looking nice
looking for use of it
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https://steemit.com/money/@jigs3716/what-is-forex-trading
i am forex traders
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Hermano excelente post, metas de muchos mineros, te estare siguiendo y apoyando.
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Congratulations @kingscrown! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
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EXCELENT POST
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This is a great post @kingscrown
I like it
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Your vote is important to us. For which we thank you. And keep voting @piyushkansal
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IOTA is the future 100% into it.
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Good info. Still new at this "crypto game" and trying to piece together the best post about it.
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Do you think we could send sbd to bittrex right now? Poloniex makes huge problems especially while the update is happening...
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Good post. I have been keeping up to speed on the tech for electrum wallet management. The information here is in all one place. Thanks my jitters are feeling better.
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Is this the safest bitcoin wallet to store our bitcoin or we will just used exchanger's wallet to store our bitcoin, and what if the bitcoin split in to two can we received another bitcoin like BCC even we store our bitcoin in the exchanger wallet.
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Congratulations for your excellent post, I invite you to follow us and we grow faster, greetings
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which one better BTC or BCH?
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nice crypt currency
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Thanks for all the great information.
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The combined bitcoin worth of one original bitcoin is worth more than 3k now.
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Thank you for bringing light into this! That's exactly what I did (create new Electrum wallet, move BTC there and then install Electron Cash to a different machine and recover through the old seed) and all looks good so far.
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Makes me want to refresh my blockfolio again! - https://steemit.com/cryptocurrency/@cryptocoinclub/blockfolio-addiction-help-group
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