Bitcoin forks and Coinbase wallet | Bitcointalksearch.org

HabBear

hero member

Activity: 1106

Merit: 638

Quote from: JackK78 on February 08, 2018, 03:08:26 AM

Hi guys,

Is it possible to claim somehow the bitcoin "Forked Coins" if I had the BTC in my Coinbase account at the time of the forks? (besides BCH, this one was credited later). Is there a desktop wallet which will support the upcoming forks?

Thank you

You're talking about Bitcoin Gold, correct? I don't think Coinbase honored the Bitcoin Gold hard fork, they'v never announced that they were going to support it. Coinbase doesn't have a policy of supporing "forking coins" (umm, the forked coin in this case would be Bitcoin). Coinbase always, and by always I mean rarely, issues an announcement stating if they will support a forking coin.

Coinbase isn't in the business of supporting all these newly forking coins, so if that concerns you get your coins off of Coinbase!

JackK78

newbie

Activity: 4

Merit: 0

Thank you guys, for all your answers and advices.

Welsh

staff

Activity: 3304

Merit: 4115

Unless you own the private key and have access to it then no exchange is good for holding Bitcoin, and claiming forks. This is good practice anyway, always be in control of the private key. Only use exchanges for holding coins for a very short time. I only ever use exchanges when I want to exchange that day.

flashbit

hero member

Activity: 1008

Merit: 505

Hi,

Binance is a good exchange to receive from forks. Don't let too much on an exchange and not too long without doing any trades. The better you put your bitcoins on a cold storage (offline), if coinbase gave bitcoin cash, it was an exception, you can't claim other crypto from a fork on coinbase.

edit : like squatter said be very careful with downloading wallets.

squatter

legendary

Activity: 1666

Merit: 1196

STOP SNITCHIN'

Quote from: JackK78 on February 08, 2018, 03:08:26 AM

Is it possible to claim somehow the bitcoin "Forked Coins" if I had the BTC in my Coinbase account at the time of the forks? (besides BCH, this one was credited later).

No. It's up to Coinbase to give them to you, since they control the private keys. It seems like they won't be supporting most of the Bitcoin forks. Their position is that they may credit fork coins at their discretion, based on the "security" and "value" of the forked network.

This is what they said about Bitcoin Gold:

Quote from: JackK78 on February 08, 2018, 03:08:26 AM

Is there a desktop wallet which will support the upcoming forks?

Basically, every fork has its own wallet. You should be very careful dealing with these wallets. Some of them are probably malware that are out to steal your coins. I've avoided claiming most of the forks for this reason. I don't trust the software.

JackK78

newbie

Activity: 4

Merit: 0

Hi guys,

Is it possible to claim somehow the bitcoin "Forked Coins" if I had the BTC in my Coinbase account at the time of the forks? (besides BCH, this one was credited later). Is there a desktop wallet which will support the upcoming forks?

Thank you

Topic: Bitcoin forks and Coinbase wallet (Read 142 times)