Topic: Coinbase Segwit2x Free Coin Offer (Read 318 times)

No, that is not at all how it works.

When segwit2x forks, for every one Bitcoin you had prior to the fork, you will receive exactly 1 Segwit2x-coin after the fork. This has nothing to do with exchange or Coibnase; it is just how forks work.

You do not have to do anything with Coinbase or any exchange service to get your Segwit2x coins. It is exactly the same situation as Bitcoin Cash (except for the replay protection thing).

Fellow Forum Members,
I read online I need to transfer my bitcoins to Coinbase.com so I can rightfully claim my Segwit2x free coins. The math as I understand it works like this. If on the day the Segwit2x fork happens a single Segwit2x coin trades for $1,000 and a single Bitcoin trades for $7,000 the net result is Coinbase will give a total of 7 Segwit2x coins for free.  

I have my bitcoins in an Armory version I have not updated for 2 years. All I have done is only update my bitcore blockchain data. In short, is it possible for me to claim my Segwit2x free coins using only Armory after I get around to updating it to the latest version?  Or am I obligated to open a Coinbase account to claim my free Segwit2x coins? I would really be grateful if anybody can clarify this for me.

For the bitcoin cash and bitcoin gold forks that recently happened I did not bother claiming those free coins. However, I'm undecided if I should also ignore the Segwit2x fork and not claim my Segwit2x coins. I would really appreciate any advice that will help me decide if I should leave my bitcoins in Armory cold storage or whether the smarter move is to take them out of Armory cold storage and upload them to a Coinbase account for the purpose of claiming my free Segwit2x coins. Thanks in advance for any advice.