Do I move my BTC or not? - page 2. | Bitcointalksearch.org

matt4054

legendary

Activity: 1946

Merit: 1035

The safe way to do it is the following:

Don't move your coins before the fork, leave them in your wallet, let's call it it BTC-OLD
After the fork, create a new wallet, let's call it BTC-NEW, get an address from BTC-NEW
Move all your BTC from BTC-OLD to the address of BTC-NEW
Install a BCH wallet, and create a new wallet, let's call it BCH-TRANS
Export your private keys from the (now BTC-empty) BTC-OLD to the BCH-TRANS wallet
Your BCH 1:1 from BTC-OLD will "appear" in your BCH-TRANS wallet

I believe this is the safest way to split your BTC / BCH in a way that even a harmful/rogue wallet fed with your private keys will not affect the other chain, because both BTC-OLD and BCH-TRANS had to share the same private keys to make the split possible.

Of course there is replay protection but this is enforced by consensus, and that wouldn't prevent a rogue wallet with unencrypted private keys to craft transactions that would be sent to the other chain.

tavr

full member

Activity: 196

Merit: 100

Quote from: AvenG on July 28, 2017, 03:20:42 PM

Hello, I have my BTC stored on a .dat bitcoin-qt wallet long time ago. The last time I sync the blockchain was +6 months. These are my questions:
How I'm going to get the BCC? Where are going to appear? Do I have to wait for a new release of Bitcoin-Qt?
Do I have to do something before 1stAugust? What do you recommend in terms of security?

Someone suggested me uploading the wallet.dat to blockchain.info, once after the fork sending both to different addresses. Any bold ideas?

Stay patient, everything will be ok with BTC

AvenG

full member

Activity: 133

Merit: 101

Res Et Non Verbum

Hello, I have my BTC stored on a .dat bitcoin-qt wallet long time ago. The last time I sync the blockchain was +6 months. These are my questions:
How I'm going to get the BCC? Where are going to appear? Do I have to wait for a new release of Bitcoin-Qt?
Do I have to do something before 1stAugust? What do you recommend in terms of security?

Someone suggested me uploading the wallet.dat to blockchain.info, once after the fork sending both to different addresses. Any bold ideas?

Topic: Do I move my BTC or not? - page 2. (Read 1080 times)