Topic: Nano Ledger S support Electron Cash? (Read 459 times)
Thanks Kolloh!!
Hey everyone, would love some help sifting through all the noise and understanding how I can most securely claim BCC. I currently store my bitcoin in Electrum and I've read up on using Electron Cash to claim BCC. I'm also expecting my ledger nano s to arrive in a few weeks so ultimately I'd like all of my crypt to be stored there. Few questions:
1. Is it true that Electron Cash has security issues or are we past that because replay functionality has been enabled on the BCC chain? I think it's a smart idea regardless to transfer BTC to a new seed and then transferring to a BCC wallet from that new seed, but besides this security precaution are there other recommended measures?
2. Does Ledger Nano S support Electron Cash? If so, do I need to claim my BTC first in Electron Cash or is there a process to claim it directly in the Ledger Nano via Electrum?
3. I'd like to purchase more bitcoin soon. Is there any reason I should wait to buy more BTC until I have claimed BCC first? I could be way overthinking this, but better safe than sorry, right?!
Thanks so much in advance!
1. Is it true that Electron Cash has security issues or are we past that because replay functionality has been enabled on the BCC chain? I think it's a smart idea regardless to transfer BTC to a new seed and then transferring to a BCC wallet from that new seed, but besides this security precaution are there other recommended measures?
2. Does Ledger Nano S support Electron Cash? If so, do I need to claim my BTC first in Electron Cash or is there a process to claim it directly in the Ledger Nano via Electrum?
3. I'd like to purchase more bitcoin soon. Is there any reason I should wait to buy more BTC until I have claimed BCC first? I could be way overthinking this, but better safe than sorry, right?!
Thanks so much in advance!
1. I don't believe Electron Cash has any known security issues, it is just precautions that should be taken with any new software like this. It is definitely recommend to transfer current BTC to a new seed before using a BCC wallet with the old seed. You may also wish to run the software on an isolated machine or VM as a precaution.
2. Yes, I believe you can use the Ledger Nano S with Electron Cash but not 100% on that. The Ledger Nano S also has native support for BCC as shown:
http://support.ledgerwallet.com/knowledge_base/topics/bitcoin-cash
3. There is really no reason to wait. They are separate chains so no issues there. For ease of use, you may want to put any newly bought coin in a new wallet if you plan to import your old wallet.
Hey everyone, would love some help sifting through all the noise and understanding how I can most securely claim BCC. I currently store my bitcoin in Electrum and I've read up on using Electron Cash to claim BCC. I'm also expecting my ledger nano s to arrive in a few weeks so ultimately I'd like all of my crypt to be stored there. Few questions:
1. Is it true that Electron Cash has security issues or are we past that because replay functionality has been enabled on the BCC chain? I think it's a smart idea regardless to transfer BTC to a new seed and then transferring to a BCC wallet from that new seed, but besides this security precaution are there other recommended measures?
2. Does Ledger Nano S support Electron Cash? If so, do I need to claim my BTC first in Electron Cash or is there a process to claim it directly in the Ledger Nano via Electrum?
3. I'd like to purchase more bitcoin soon. Is there any reason I should wait to buy more BTC until I have claimed BCC first? I could be way overthinking this, but better safe than sorry, right?!
Thanks so much in advance!
1. Is it true that Electron Cash has security issues or are we past that because replay functionality has been enabled on the BCC chain? I think it's a smart idea regardless to transfer BTC to a new seed and then transferring to a BCC wallet from that new seed, but besides this security precaution are there other recommended measures?
2. Does Ledger Nano S support Electron Cash? If so, do I need to claim my BTC first in Electron Cash or is there a process to claim it directly in the Ledger Nano via Electrum?
3. I'd like to purchase more bitcoin soon. Is there any reason I should wait to buy more BTC until I have claimed BCC first? I could be way overthinking this, but better safe than sorry, right?!
Thanks so much in advance!
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