Topic: Best place to store bitcoins during the forks (Read 1284 times)
I am using electrum wallet to store Bitcoin for forks purposes, since they are always updated after the fork and i can easily import from that software to get the forks coin since i've been using it in every forks. Some exchange and gambling sites are also giving their customer the fork coin so you don't need to do anything else.
In you own secure wallet that you own and have the private keys for, no safer place than this one.
I was watching and reading all about the upcoming forks and where to store your btc during them.
I was wondering if ( i know the asnwer of this question but i wanna duble check with the comunity) is it ok to store btc at freebitco.in during the forks to be safe about your coins. I have read their policy about that and i believe it is the safest bet.
What do you think guys?
I was wondering if ( i know the asnwer of this question but i wanna duble check with the comunity) is it ok to store btc at freebitco.in during the forks to be safe about your coins. I have read their policy about that and i believe it is the safest bet.
What do you think guys?
I prefer my bitcoin wallet and I will not get it elsewhere because I think it's safer just waiting for the price of the coin to go up.
I think we can still store bitcoin in every exchanges that supports the forks and we don't have to worry with something bad that might be happen because I am sure that the exchanges will protect their members from the attackers. but if you are still worry with bad things, then you can move your bitcoin to another wallet like paper wallet, third party wallet like jaxx, mycelium or else but I don't think that you can get the free coins from that wallet because it is available on the exchanges that supports the forks.
As i have known, hardforks will give you the equivalent value of cryptocurrency you have in your cryptoexchange wallet. Just like Bitcoin Cash that i received from bitcoin hardfork in my Yobit wallet so it's up to you what cryptoexchange you want to use.
As long as you have your private keys then you are good to go
Wallets are secured just avoid making transaction during it.
Other wallets will support tbe upcoming coins sooner .
Hope that all the comments/post here are true because I read some speculations and how to do in new split if coin is came from a fork. there should be a intructions to do or posted if that happens
Wallets are secured just avoid making transaction during it.
Other wallets will support tbe upcoming coins sooner .
Hope that all the comments/post here are true because I read some speculations and how to do in new split if coin is came from a fork. there should be a intructions to do or posted if that happens
I did not believe in Bitcoin before. But now I've heard many people and know about its needs. Bitcoin can change the life of a person. Many people invest a lot of money in bitcoin. It is a trust-dependent coins. All can trust. Make life and change life.
There are several opinions: Transfer into your local wallet. Transfer into online wallet. Transfer into the hardware purse. Leave bitcoins on the stock exchange. By my opinion u can store bitcoins in any wallet, as long as you have private keys and no one else has them.
I think the best way to keep your Bitcoin during fork is on hard wallet or paper wallet. But since I don't have any of this, I decided to use my Bitcoin to buy more alts during fork because that is the right time to buy more alts due to cheaper prices. I will wait till its prices rise again after the fork. I don't suggest that you keep your Bitcoin on exchange wallets. It is too risky for me. Better to put it in an offline wallet or downloadable wallets if you don't have hard wallets or paper wallets.
Such a much secure manner of holding is not required. On my view, it's good to keep hold in whatever the wallet might be with the private keys in hand. Importantly during the past fork too, mine were in the online wallets and periodically they used to give notifications that so an so not be done till the targeted time. Finally everything was safe as it was there before the fork, this time too all my holdings were on the same wallet. I think the best way to keep your Bitcoin during fork is on hard wallet or paper wallet. But since I don't have any of this, I decided to use my Bitcoin to buy more alts during fork because that is the right time to buy more alts due to cheaper prices. I will wait till its prices rise again after the fork. I don't suggest that you keep your Bitcoin on exchange wallets. It is too risky for me. Better to put it in an offline wallet or downloadable wallets if you don't have hard wallets or paper wallets.
I have already moved a day ago to paper wallet.
But why you think about the calculation above?
I think the best way to keep your Bitcoin during fork is on hard wallet or paper wallet. But since I don't have any of this, I decided to use my Bitcoin to buy more alts during fork because that is the right time to buy more alts due to cheaper prices. I will wait till its prices rise again after the fork. I don't suggest that you keep your Bitcoin on exchange wallets. It is too risky for me. Better to put it in an offline wallet or downloadable wallets if you don't have hard wallets or paper wallets.
Ok, apart from malware and hacking, my worry is mainly about the effect of fork, replay protection... etc.
Any difference between paper wallet then importing it after the fork and keeping BTC in the wallet?
Any difference between paper wallet then importing it after the fork and keeping BTC in the wallet?
I can't see any difference in that respect. The two forks are slightly different as Bitcoin Gold will use different addresses it has replay protection. You will have to take the same precautions with your private keys whatever wallet you use. Make sure you move your BTC to a new wallet after the fork then move the new coins as soon as you can.
So, I understand the following is correct:
1- I will simply keep my BTC in Jaxx mobile wallet.
2- As of 23 October I will not buy, sell, send, recieive or even move or import between wallets or addresses.
3- 1st December I am having “on the ledgers” say 5 BTC and 5 BTG, and 5 B2X
4- I am having my private keys for BTC in Jaxx wallet.
5 BTC are already in my Jaxx wallet.
BTG block chain exists definetly with its own exchange rate
I assume by 1st December the dust would have settled and we have one of the following situations:
1- BTC or B2X is dead and equal zero, that is, one of them will not be existing, the survivor will be called Bitcoin and BTC (whether it is the 1 MB or the new 2 MB), and it will have the same market price of BTC.
2- BTC only exists (so business as usual, as if there was no segwit2x)
3- B2X only exists (so I have 5 airdropped B2X, with its market value, and 5 BTC are gone)
4- Both BTC and B2X coexists, and I have 5 BTC and 5 B2X (it is up to the market to give the price for each, but the market might support B2X for faster confirmation and lower transaction fee), if so, I assume 1 BTC+1 B2X will be equal to roughly the 6000 USD current market price (assuming no price change till then)
Then remains the question about the replay of the transaction, how would I send all my BTC funds on the 1st December to another BTC address in another wallet and be sure it will be received and executed as BTC during the transaction?
I should then after emptying my Jaxx wallet, install a B2X wallet and import the Jaxx wallet so I get the airdropped 5 B2X in it.
Am I correct in this analysis?
Sorry, it is technically complicated for me.
Any comments highly appreciated.
Hoping the above calculation holds true and contribute to calming down the nervous people
Now, as we already had a fork, would anybody like to review the above “theory” or calculation?
I was watching and reading all about the upcoming forks and where to store your btc during them.
I was wondering if ( i know the asnwer of this question but i wanna duble check with the comunity) is it ok to store btc at freebitco.in during the forks to be safe about your coins. I have read their policy about that and i believe it is the safest bet.
What do you think guys?
I was wondering if ( i know the asnwer of this question but i wanna duble check with the comunity) is it ok to store btc at freebitco.in during the forks to be safe about your coins. I have read their policy about that and i believe it is the safest bet.
What do you think guys?
For the last hard fork, I had my Bitcoin in my Poloniex account and I got the same amount in Bitcoin Cash after the hardfork. So I will always suggest you keep it in Poloniex so you can get your Bitcoin Gold. I hope I will get Bitcoin Gold has I have some Bitcoin already in Poloniex.
I was watching and reading all about the upcoming forks and where to store your btc during them.
I was wondering if ( i know the asnwer of this question but i wanna duble check with the comunity) is it ok to store btc at freebitco.in during the forks to be safe about your coins. I have read their policy about that and i believe it is the safest bet.
What do you think guys?
I think saving in place where you are given private key over bitcoin you have, but I save in local exchanges because they support bitcoin gold and I also store in bittrex. I was wondering if ( i know the asnwer of this question but i wanna duble check with the comunity) is it ok to store btc at freebitco.in during the forks to be safe about your coins. I have read their policy about that and i believe it is the safest bet.
What do you think guys?
I'm going to be storing mine in my electrum wallet because after the fork I won't need to sync it all and it's safer than exchanges.
Any cold hardware storage would support the fork and the complimentary coin that u'd receive, and its the safest place to store. Apart from that reputed exchanges like bitfinex, bitrex etc, have assured that they'd support the fork so if you have plans to store it in their wallets make sure you mail them and enquire to be on the safer side.
You can store your bitcoin anywhere you like because the fork will not harm them or somewhat make them disappear the only difference is that some online wallets offer an equivalent value in bitcoin gold and segwit like freebitco.in they did this on the first hard fork which is the bitcoin cash. You can choose to keep it them so you can earn some after the fork.
I was watching and reading all about the upcoming forks and where to store your btc during them.
I was wondering if ( i know the asnwer of this question but i wanna duble check with the comunity) is it ok to store btc at freebitco.in during the forks to be safe about your coins. I have read their policy about that and i believe it is the safest bet.
What do you think guys?
I think that is as safe place as any. If you agree wth their way of dealing with Bitcoin during the fork, that there is no problem. Personali i use blockchain and i must say that I am more than convinced that my Bitcoins are safe there. I guess that safest place to store your Bicoins would be offline hard drive... I was wondering if ( i know the asnwer of this question but i wanna duble check with the comunity) is it ok to store btc at freebitco.in during the forks to be safe about your coins. I have read their policy about that and i believe it is the safest bet.
What do you think guys?
Bittrex already supported the forks, but I don't really know if its okay to store there since they don't recommend Bittrex that much now. But still it is a wise choice to place it there since Bittrex already announce that they will support it, and in fact other thing won't affect you placing there because as I remember lots of the problem was supposed to be about the fees and other stuff.
Store them in your safest wallets. It does not matter whether it is during fork or not. Always choose the safest wallet. But if you are looking for wallets that will give you Bitcoin Gold if you have Bitcoins stored in them, then try Kraken and HitBTC. They have already issued their statements that they will give away free Bitcoin Gold. Bittrex has also committed as well but they will not allow Bitcoin Gold in their exchange list.
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