Topic: Best place to store bitcoins during the forks - page 3. (Read 1276 times)

The mobile is connected to the internet and therefore your private keys could be compromised by malware. Obviously, a piece of paper is not connected to the internet. You need to take care of the safe storage of the paper and have a copy in another location to be safe as possible.

Just curious and not that geeky

If I created a paper wallet and transfers all my BTC to its public address, after the fork sometime I will need to import the paper wallet by scanning the private key.

So, what’s the difference between this procedure and simply keeping the BTC in a mobile wallet that has the private keys stored on the mobile?

Is there any difference?

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?

The general consensus is to have a wallet you control
The private keys of. I use exodus desktop wallet and
They are not supporting the october fork.

I would imagine online exchanges like bittrex, poloniex
and coinbase would be safe for the fork also?

That's not what they say in their official statement or what happened with the last fork. They allowed a period of about a month for people to withdraw BCH from the site if they didn't want to convert it there.

Hei, thanks for your responses guys.
After reading all your responses i have finally decided to move my btc on Electrum wallet to maximize the safety. The thing that convinced me was that i might not recieve btc gold. Thank you again to all of you....i might come back after the fork asking how to claim me new coins

Electrum is the number one choice here. You can use the bitcoin core, too but it is too heavy to the computer since it requires us to download the whole blockchain to the computer. Unless you are a developer or someone who wants to learn about the blockchain, it is not necessary to download the Core. The important thing you need to remember in this hard fork is that you have to hold your private key. If you do not have your private key, it means that you will not able to access your bitcoin and receive extra bitcoin gold after the fork. Therefore, I believe that holding bitcoin in electrum wallet is the best choice since it gives us all of the thing we want such as private keys

i have not used that site much, but i think they don't allow you to withdraw the fork coins. for example if bitcoin gold happens, they won't allow you to withdraw bitcoin gold, but you can convert it to bitcoin and withdraw bitcoin. and the price is what they set it to be so you may not get the best rate.

that may not be what some people want, they may want to have the freedom of choosing when to sell and at what price.

HARD FORK POLICY
Bitcoin has 2 hard forks planned in the near future - "Bitcoin Gold" and "Bitcoin Segwit 2x". As we have done with the "Bitcoin Cash" hard fork in the past, we shall support withdrawals of all hard fork coins as long as they are viable - ie. have wallet support, a working blockchain and straightforward redemption policies. The "Bitcoin Gold" hard fork currently does not seem to be a viable fork - since they have not given any information about the fork on their website (btcgpu.org) and have no supported wallets yet. If there are no wallets that support it, we shall not be able to make "Bitcoin Gold" available for withdrawals. If however, there is wallet support for "Bitcoin Gold" before the hard fork date and the block number for the fork is announced in advance, we shall make it available for withdrawal.

We shall be supporting the "Bitcoin Segwit 2x" fork since it already has a working wallet and has announced the block number when the hard fork will happen. If a majority of miners switch to "Bitcoin Segwit 2x" and it has the chain with the most Proof-of-Work, we shall make it our primary coin and "Bitcoin Core" coins will be made available for withdrawal to your own wallets, otherwise "Bitcoin Core" shall remain our primary coin and "Bitcoin Segwit 2x" coins will be made available for withdrawal to your own wallets. In either case, users will receive coins in both the majority and minority chain equivalent to the balance that they had on the website prior to the hard fork.

We shall be pausing deposits and withdrawals temporarily before the "Bitcoin Segwit 2x" hard fork until a clear winner has emerged. Everything else on the website will function as usual. The fork is scheduled to happen at around the middle of November. We shall give advance notice of when deposits and withdrawals will be paused before the fork date.

Hei, thanks for your responses guys.
After reading all your responses i have finally decided to move my btc on Electrum wallet to maximize the safety. The thing that convinced me was that i might not recieve btc gold. Thank you again to all of you....i might come back after the fork asking how to claim me new coins

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?