One suggestion I can make . If you know how to create paper wallets. Create a few wallets with $10 in them. When forks happen just use the small amount wallets to claim / test the forks . That way you will not exposed big amounts of BTC . That just how I do it. I test with small amounts.
RE: How I claimed SBTC Super Bitcoin from my paper wallet
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How I claimed SBTC Super Bitcoin from my paper wallet
i have to admit i am reluctant to claim any forks, as i am scared to lose my BTC and don't want to expose myself to malware. Thanks for the advice about creating small test wallets. Last night i cashed out 59 steem for 0.028 BTC , the price was really high for steem, the last time i cashed out was, 170 steem for 0.031 BTC, so you can see the price of steem is rocketing up. Keep well and rock on-David
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If you first move your btc to a different paper wallet, then you would not be exposing it at all
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if i move my btc then how do they know how much i had to claim of the free coin ?
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Because the old paper wallet has all the history of any Bitcoin held in it PRIOR to the Fork, so it doesn’t matter that you’ve now moved the coins to a different address. The history is still left behind.
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ok I haven't claimed BTG or any other forks - have you claimed any and was it safe and successful?
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Yes. I would recommend coinomi to claim your forked coins as it’s a very safe wallet, but even so you should always move your Bitcoin out of your original address before claiming forked coins from that old address to avoid any possible issues
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thanks Darren -- you have been a big help -- my money is out of my paper wallet now and I will try to set up a coinomi soon -- what forks are they going to credit me with and do I have to specifically claim the forks I seek to be compensated for - sorry to ask such basic questions - I really appreciate you giving me assistance
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No problem mate.
For Bitcoin (BTC) Coinomi supports the following forks:
Bitcoin Cash
Bitcoin Gold
Bitcoin Private
Bitcoin Atom
Bitcore
What forks you are entitled to claim will off course depend on when you held the Bitcoin.
Hopefully you held it (and it’s private key, ie: Paper wallet or a wallet that gives you access to your private keys / Master Seed, and NOT a custodial exchange prior to all, or at least some of the forked coins I mentioned were born.
You will need to manually claim them, but it’s quite straight forward.
Read all of this article here:
https://coinomi.freshdesk.com/support/solutions/articles/29000016813-claiming-your-forked-coins
Just make sure that after you’ve transferred your bitcoin out of that paper wallet that you never use use it again for transferring bitcoin to, but only for claiming Bitcoin Diamond and Super Bitcoin (which Coinomi don’t currently support). Then your bitcoin will be safe in the new wallet with its new private key that no one knows but you!
If you have any other questions/concerns feel free to ask.
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