This has just been released:
http://blog.kraken.com/post/163504189522/bitcoin-cash-and-a-critical-alert-for-bitcoin
Now the big question for me is do I move my bitcoin from Exodus into Kraken before the fork or do I wait until after August 1 to import my private key from Exodus to Kraken (if I can find out how to do that...lol).
Any ideas as to best approach Steemians?
It seems like a no-brainer to me: a chance to double your holdings simply by placing them on Kraken...
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Haha I agree! Although I do like the idea of avoiding the transaction costs if I can...
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Kraken, from what they say, it will support bitcoin cash (BCH) and will enable trading in current pairs BCH/XBT, BCH/USD, BCH/EUR.
From what i read there, you must hold at that time the bitcoin (BTC... at their exchange XBT) and quote:
The fork it should be at 12.20 pm UTC (search for your local time on google).
So, you should move your assets there before. And take in considerations transfer time with confirmations. I had a time of almost 3h today with 3 confirmations (i saw on blockchain).
Read more here:
Bitcoin Cash and a Critical Alert for Bitcoin Margin Traders – Kraken
http://blog.kraken.com/post/1150/bitcoin-cash-and-a-critical-alert-for-bitcoin-margin-traders/
Also, see on their website more details then confront with exchanges and others: https://www.bitcoincash.org/
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Thanks for your reply @ilvstranger! I agree that is the best approach however I wouldn't mind keeping my btc on exodus to avoid the transaction fees... so I'm still figuring out if this is possible but it seems so. Very good point re the time it takes to transfer your btc (kind of why we are in this position lol).
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Np man. Thats why we, boobs (in BF4 i like to say boobs to noobs, to not offend the kids), must talk to eachother anything that comes in our mind to not loose.
That tiny things can save us money and learn well what to do.
Anyway, i still don't understand what time to take in consideration in a transfer and how we can quantify it when we want to transfer or deposit.
I found that here:
https://blockchain.info/unconfirmed-transactions
can see unconfirmed BTC transactions.
Few months ago, there were in number of over 30 - 40.000. So many in queue, where i believe, to have a quicker transaction you must give more money (fee) to the miners. That only if your exchange let you do that...
Now they are in small numbers. I see around 1500 transactions pending. But they are moving quick...
Can we do a math having in mind that figures and the time of confirmation for a transaction?
At my first BTC deposit (2 days ago) i saw there were needed 3 confirmations, not 7 as i heard it should.
Maybe will understand that in the near future.
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Kraken handled the Ethereum fork for me pretty seamlessly. I think I can trust them with this one as well. (I hope). I had my XBT on Exodus, but decided to move them over to Kraken today, so I can sell my BCH quickly, if I want to.
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That's assuming you can't get them quickly using your private key from exodus? Do you by any chance know how that works? I haven't been able to find it yet. Being able to quickly offload bth is a good point!
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I would way until after August 1st to let things calm down.
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I agree, but maybe first see if we can get Kraken to confirm they will actually support that ;)
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Kraken is an exchange place and not a wallet so I dont think you can import any keys to it. But this is good news as theres no need for traders to do anything.
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I wondered about this - so when BCC is talking about a ‘Bitcoin Cash Client’ this can only be a wallet? What about the wallet associated with an exchange?
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From my knowledge personal wallet associated with an exchange is actually holding there... not in your wallet. But not sure about that, you better find out in what conditions you are with that wallet to be sure.
Initialy, i heard it could work only on personal wallets, but now i see bittrex and kraken said they will double it for everyone who has some bitcoin amount there.
Coinbase, don't. So search for places you store your bitcoin to see details.
Although, who knows what joke it is with that thing... doubling money... huh :-). Isn't it sound to good to be true? hehe
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It often is! But it does look like this is the case. The thing we don't know is what the value of the BCH will be :). Could be sold down straight away...having said that the value of the futures is $375 US now.
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Hi again,
I made a full post about Bitcoin Cash and how to buy/sell/trade, including 6 main exchanges.
Maybe it will help others too and resteem it:
bitcoin cash – how to buy / sell / trade / claim – after august 1st, 2017 fork
https://steemit.com/bitcoin-cash/@ilvstranger/bitcoin-cash-how-to-buy-sell-trade-claim-after-august-1st-2017-fork.
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