Topic: Best place to store bitcoins during the forks - page 4. (Read 1275 times)
At Coinomi I entrusted my Bitcoins in the first fork. And I was not disappointed because I received BCC equivalent of the Bitcoins I hold. So here's the safe Bitcoins store in 2nd Fork. If you would like to know more you will find Coinomi Wallet at the Google Play store and you create an account. Just save your private key so you can recover your wallet again
In august fork I sold most of my holdings and some I kept it in blockchain.info till now I dint try to claim bcc because of lots of fraud activity I Dont trust any app to give my private key. This time any well known exchanges like bittrex supports please let us know . I am not having hardware wallet even I can’t buy now.
i prefer ledger nano s to store my bitcoins. it is fast and secure. i recommend that product
...is it ok to store btc at freebitco.in during the forks to be safe about your coins. ...
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.
I don't have a hardware wallet yet. Would I be wise to move my bitcoin out of Jaxx into another wallet, even though I do hold the private keys? I don't think they have added support for bitcoin cash yet.
Move them wherever you want, as long as you have exclusive control over the private keys of that wallet. It doesn't matter if you use a hardware wallet, Electrum, Jaxx, Bitcoin Core etc.They don't necessarily need to add support for the other forks, you just have to import your private keys to the other forks' wallet software to claim them.
Move your bitcoin to either paper wallet or wallet like electrum where you will have full control over your bitcoins (you hold private key).
Its not better to store your bitcoin in exchanges during fork, take an example of coinbase they haven't credited their user's balance with bitcoin cash till now after august fork.
Its not better to store your bitcoin in exchanges during fork, take an example of coinbase they haven't credited their user's balance with bitcoin cash till now after august fork.
As they mention above, yeah! Cold storage is the best storage for storing your bitcoin. It is the safest thing that you can do, we can not garuntee those online and web wallets any time they can go down. Although you can use online wallets but don't put a lot of coins there just a little amount that you need.
If possible, you should avoid storing your coins in a online exchange, but use your own cold storage or desktop wallet. By doing so, it is guaranteed, that you have access to your coins and especially forked coins later on.
A online exchange can decide, if they want to support a forked coin or not. Usually if it is big enough, it is very likely that they are going to support them; however, if they decide not to support it, there is no way to get access to your forked coins. Furthermore, ofentimes, there are major delays in distributing the forked coin. If you are going to use an online wallet, make sure that they annouced to support your coin.
Good luck!
A online exchange can decide, if they want to support a forked coin or not. Usually if it is big enough, it is very likely that they are going to support them; however, if they decide not to support it, there is no way to get access to your forked coins. Furthermore, ofentimes, there are major delays in distributing the forked coin. If you are going to use an online wallet, make sure that they annouced to support your coin.
Good luck!
it doesn't matter, during, before, after forks, you should always "store" your coins in cold storage https://en.bitcoin.it/wiki/Cold_storage
anything else is a risky move, and when you leave it with a third party (freebitco.in for example) you are taking a much bigger risk because you are giving up control on your money and that is a risky move.
but if you end up doing it anyways, they will most probably credit your airdrops as they have promised.
anything else is a risky move, and when you leave it with a third party (freebitco.in for example) you are taking a much bigger risk because you are giving up control on your money and that is a risky move.
but if you end up doing it anyways, they will most probably credit your airdrops as they have promised.
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?
Jump to: