Topic: Confused about splitting coins and where to store safely. (Read 363 times)
Alright I figured it out, or at least got it to work, not 100% sure of problem but I have an idea. All the problems started after I failed to send btg from main to split. You have to do all or none. After I did this successfully this morning I was able to view all my wallets without problems. So I am thinking there was something going on with that. Anyways problems resolved but thanks for help.
The short answer: Don't worry, as long as you have the private keys for your BTC address, you're fine. You'll be able to import them into forkcoins wallets to claim forkcoins. Both BCH and BTG have 2way replay protection, so "splitting" isn't an issue.
Long answer: There are not likely to be any issues regarding "replay"... As both BCH and now BTG have implemented full 2-way replay protection (https://bitcoingold.org/replay-protection-development/)
This means you do not need to "split" coins... You just need to make sure you have all the private keys for your preFork BTC addresses.
Then you simply import the private keys into the BCH (and/or BTG) wallet of your choice and you'll be able to get all the BCH (and/or BTG) that are associated with those keys.
The only reason people suggest moving your BTC (after the fork and prior to claiming the fork coins) is for security purposes. It means if your private keys get compromised during export/import due to hidden malware on your computer or a "bad" forkcoin wallet that steals your keys etc, only your fork coin is at risk as your BTC will already have been moved.
As for the coins you had on exchanges, well you're at the mercy of the exchange as to whether or not they're going to issue you the forkcoins for your BTC held there. You don't have the private keys, so technically, you didn't have any BTC either
Long answer: There are not likely to be any issues regarding "replay"... As both BCH and now BTG have implemented full 2-way replay protection (https://bitcoingold.org/replay-protection-development/)
This means you do not need to "split" coins... You just need to make sure you have all the private keys for your preFork BTC addresses.
Then you simply import the private keys into the BCH (and/or BTG) wallet of your choice and you'll be able to get all the BCH (and/or BTG) that are associated with those keys.
The only reason people suggest moving your BTC (after the fork and prior to claiming the fork coins) is for security purposes. It means if your private keys get compromised during export/import due to hidden malware on your computer or a "bad" forkcoin wallet that steals your keys etc, only your fork coin is at risk as your BTC will already have been moved.
As for the coins you had on exchanges, well you're at the mercy of the exchange as to whether or not they're going to issue you the forkcoins for your BTC held there. You don't have the private keys, so technically, you didn't have any BTC either
I am a little confused with this whole process and what to and not to do. I have a ledger nano s wallet that has two sub wallets with two different pass phrases.
1 of these wallets has bitcoins that have been split after bitcoin cash that were sent there after recovering them from a paper wallet seed. The coins that are bitcoin cash from that split are still in the paper wallet, I think i need to sweep that wallet by typing the seed into some software that supports bitcoin cash and then send them to one of my ledger addresses. The other wallet on the ledger has coins bought only before bitcoin gold split but after bitcoin cash split. I currently have another group of coins that is a jumble of pre and post bitcoin gold split on an exchange which hasn't recognized my bitcoin gold yet. I want to send these exchange coins to my wallet with just bitcoin that has already been split. Is this ok or will it cause problems?
If i send bitcoins that have and haven't been split along various stages along all the forks to the same wallet, will that screw me and prevent me from splitting the ones that can be split but have not yet? Optimally I would split them as I go but that unfortunately that has not happened perfectly. I just dont understand how the software splits coins in the wallet and what happens if only some coins can be spit. I done fully understand replay protection but i know it can cause problems if you are careless with where you send coins!
Thanks for any help.
Sorry if this is in wrong area, I am new here but can repost somewhere else if necessary.
1 of these wallets has bitcoins that have been split after bitcoin cash that were sent there after recovering them from a paper wallet seed. The coins that are bitcoin cash from that split are still in the paper wallet, I think i need to sweep that wallet by typing the seed into some software that supports bitcoin cash and then send them to one of my ledger addresses. The other wallet on the ledger has coins bought only before bitcoin gold split but after bitcoin cash split. I currently have another group of coins that is a jumble of pre and post bitcoin gold split on an exchange which hasn't recognized my bitcoin gold yet. I want to send these exchange coins to my wallet with just bitcoin that has already been split. Is this ok or will it cause problems?
If i send bitcoins that have and haven't been split along various stages along all the forks to the same wallet, will that screw me and prevent me from splitting the ones that can be split but have not yet? Optimally I would split them as I go but that unfortunately that has not happened perfectly. I just dont understand how the software splits coins in the wallet and what happens if only some coins can be spit. I done fully understand replay protection but i know it can cause problems if you are careless with where you send coins!
Thanks for any help.
Sorry if this is in wrong area, I am new here but can repost somewhere else if necessary.
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