So everyone tells you to take your Bitcoins off the exchange before the fork!! - page 3.

russelluk

member

Activity: 158

Merit: 10

Quote from: Minecache on August 03, 2017, 06:53:23 PM

This thread is ridiculous and hopefully one day the OP gets burnt for refusing to take real genuine years in the making advice from fellow Bitcoiners. Hindsight is a wonderful thing and for such a noob you have much to learn in the cryptoshere. For every moan and complaint you and others produce for being advised to take control of your own keys and destiny. There will be just as many from MtGox/BitFinex belittling your comments to leaving them on a fuckin exchange. Grow up. You were given the best advice possible - manage your own money.

Wow! - what a surly old grumpy person! Didn't you have your coffee this morning. Lets see - you have managed to be condescending, insulting and offensive all in one statement. Great job!

Minecache

legendary

Activity: 2184

Merit: 1024

Vave.com - Crypto Casino

Quote from: d5000 on August 03, 2017, 06:59:55 PM

Quote from: russelluk on August 03, 2017, 03:40:56 PM

If I had left my coins in Kraken I would have had the equivalent in Bitcoin Cash almost immediately and I could have traded them for Bitcoin when they were 727 USD. Instead I have them stuck in a paper wallet with no real idea on how to safely sweep my Bitcoin (let alone my Bitcoin Cash) into an online wallet.

If more people had their Bitcoin Cash at exchanges like Kraken (where you automatically got funded BCC) then the price would probably never have reached $727. It would be lower than today.

Quote

So can anyone tell me if there is a process for getting both your Bitcoin and Bitcoin Cash out of these paper wallets.

Easy: On the wallet you should find your private key. (If it's encrypted, then it's another story: please provide the link to the paper wallet method you used.)

1) Download Electrum and Electron Cash.
2) Install Electrum.
3) Install Electron Cash.
4) Open Electrum. Go to "Wallet -> Private Keys -> Sweep. Enter the private key from your paper wallet. Very shortly after the coins should appear in your wallet.
4b) Recommended: Create a new wallet (File -> New/Restore). Send the coins from your old wallet (it should be called "default_wallet") to an address of the new wallet.
5) Close Electrum.
6) Repeat step 4-5 with Electron Cash. If something does not work as expected, read this.

I would move BTC out of cold wallet first.

d5000

legendary

Activity: 3906

Merit: 6249

Decentralization Maximalist

Quote from: russelluk on August 03, 2017, 03:40:56 PM

If I had left my coins in Kraken I would have had the equivalent in Bitcoin Cash almost immediately and I could have traded them for Bitcoin when they were 727 USD. Instead I have them stuck in a paper wallet with no real idea on how to safely sweep my Bitcoin (let alone my Bitcoin Cash) into an online wallet.

If more people had their Bitcoin Cash at exchanges like Kraken (where you automatically got funded BCC) then the price would probably never have reached $727. It would be lower than today.

Quote

So can anyone tell me if there is a process for getting both your Bitcoin and Bitcoin Cash out of these paper wallets.

Easy: On the paper that works as your wallet you should find your private key. (If it's encrypted, then it's another story: please provide the link to the paper wallet method you used.)

1) Download Electrum and Electron Cash.
2) Install Electrum.
3) Install Electron Cash.
4) Open Electrum. Go to "Wallet -> Private Keys -> Sweep. Enter the private key from your paper wallet. Very shortly after the coins should appear in your wallet.
4b) Recommended: Create a new wallet (File -> New/Restore). Send the coins from your old wallet (it should be called "default_wallet") to an address of the new wallet.
5) Close Electrum.
6) Repeat step 4-5 with Electron Cash. If something does not work as expected, read this.

btccashacc

legendary

Activity: 1120

Merit: 1000

Quote from: Iranus on August 03, 2017, 04:07:27 PM

Bitfinex stole a significant portion of their users' BCH holdings.

Several exchanges didn't bother to deal with BCH at all, namely Coinbase. Some didn't give a very good warning about it either.

Even if your chosen exchange happens to follow through on their agreement, it doesn't negate the importance of keeping your coins where you control your private keys. Bitcoin is a trustless system and you should not trust a third party for any longer than is absolutely essential.

Well i think this is very clear, the reason why people suggested to take your Bitcoins off the exchange it is only for your safety there is no guarantee that your coins will be safe, some bad things may happen during the hard fork like your bitcoin will be lost, since the wallet choose a wrong chain, so it's better to own your Bitcoin or control the private key during the hard fork. I'm not a technical person who really understand the situation, just followed the instruction cause it's better to be safe than sorry.

Minecache

legendary

Activity: 2184

Merit: 1024

Vave.com - Crypto Casino

This thread is ridiculous and hopefully one day the OP gets burnt for refusing to take real genuine years in the making advice from fellow Bitcoiners. Hindsight is a wonderful thing and for such a noob you have much to learn in the cryptoshere. For every moan and complaint you and others produce for being advised to take control of your own keys and destiny. There will be just as many from MtGox/BitFinex belittling your comments to leaving them on a fuckin exchange. Grow up. You were given the best advice possible - manage your own money.

dashingriddler

legendary

Activity: 1258

Merit: 1001

Quote from: flippener on August 03, 2017, 04:23:01 PM

Given Poloniex was down for much of yesterday I was very glad I had moved my BTC out to a private wallet.

Of course, now it's up today I naturally wonder if I was worried about nothing. But I'd rather worry too much than lose my BTC.

Quote from: LTU_btc on August 03, 2017, 06:41:18 PM

Some excanges announced about support of Bitcoin Cash very late, when lot of people were already cashed out their bitcoins from exchange. I'm not exeption in this case. I left only $10-20 on several exchange in btc. When bch was credit, I was able to sell it at high price.
Do I regret that I didn't had all my btc on exchange? Definitely no! Because safety of bitcoins for me is in the first place, more important than to get free bch airdrop and risk to keep all btc on exchange.

This is the very reason why some people decided to move them off those exchanges because they were aware they wouldn't fulfill their agreement they have with all users who hold their bitcoin on their exchanges.
It is a sad situation to be in, to say the least.

But I did like this post from another who saw it was a good idea to offer a clean way to get those BCH/BCC if you did happen to get them off those exchanges and have control over your own private keys.

Quote from: ervin-lemark on August 03, 2017, 08:02:53 AM

Hi.

Quote from: CarlOrff on August 03, 2017, 05:31:53 AM

Quote from: NUFCrichard on August 03, 2017, 02:53:07 AM

Everyone has got their Bitcoin Cash airdrop and now they are starting to think about the GBYTE airdrop that is coming in a few days.
Ok, it isn't quite as big a drop as the BCH one, but I personally like the extra GBYTE drops more, they are certainly less controversial!

I wonder how many people will forget to re-link after splitting their coins. At the moment mine aren't linked, I need to do that later so I don't forget.

I think that a lot of Bitcoiner are waiting for a safe and simple solution to split their BTC/BCH (without to withdraw their BTC first) : then, BTC address don't change and they have not to re-link they BTC.

It is safe and simple to register your new bitcoin address with byteball client. I did that yesterday while moving my btc from one Electrum wallet to another in order to prepare it for Bitcoin Cash.

It is all working flawlessly.

Read about the procedure here:
https://steemit.com/bitcoin/@ervin-lemark/preparing-my-local-electrum-wallet-for-bitcoin-cash
https://steemit.com/bitcoin/@ervin-lemark/electron-cash-wallet-synchronised-and-i-have-all-my-bitcoin-cash-bcc-in-it
https://steemit.com/bitcoin/@ervin-lemark/where-to-sell-your-bitcoin-cash-if-you-really-want-to-sell

Good luck!

LTU_btc

legendary

Activity: 3234

Merit: 1375

Slava Ukraini!

Some excanges announced about support of Bitcoin Cash very late, when lot of people were already cashed out their bitcoins from exchange. I'm not exeption in this case. I left only $10-20 on several exchange in btc. When bch was credit, I was able to sell it at high price.
Do I regret that I didn't had all my btc on exchange? Definitely no! Because safety of bitcoins for me is in the first place, more important than to get free bch airdrop and risk to keep all btc on exchange.

makulo123

full member

Activity: 238

Merit: 100

Quote from: russelluk on August 03, 2017, 04:30:01 PM

Listening to the chatter on the internet now - the BCH network cannot handle the traffic of people trying to cash their BCH from their Trezor device. Sounds like miners are slowing the network to slow the payouts.

There is no way that anyone is going to get any BCH from their paper wallets. If only I had left my coins on Kraken!

Well, I had left all my BTC on Kraken and got BCH right when the first >1 MB block was mined. The problem was I was so hyped about the split that I was starring on the computer for 3 hours straight and no BCH block was mined, so I quit to PC to make a break and the half hour after I looked on PC and saw that BCH is already trading and the price went all the way from 700 USD to ridiculous 200 USD. I was told that there will be massive dump (which it was) and I sold all of my BCH for the lowest price like a fool.

russelluk

member

Activity: 158

Merit: 10

Quote from: yoseph on August 03, 2017, 04:34:53 PM

Quote from: russelluk on August 03, 2017, 03:40:56 PM

Well I am starting to think this was the crappiest piece of advice you could give! Again more paranoia about exchanges that probably will just cost me money. If I had left my coins in Kraken I would have had the equivalent in Bitcoin Cash almost immediately and I could have traded them for Bitcoin when they were 727 USD. Instead I have them stuck in a paper wallet with no real idea on how to safely sweep my Bitcoin (let alone my Bitcoin Cash) into an online wallet. So can anyone tell me if there is a process for getting both your Bitcoin and Bitcoin Cash out of these paper wallets. And PLEASE no comments that are only partial in the answer. I need (plus many millions of others no doubt) on a foolproof process to get the coins out along with a wallet that can do this.

What would you have done if you hadn't take your bitcoins off the exchanges and something happened which makes you lose all your bitcoins huh. It's always good to be safe than to be sorry, you could have left some of your bitcoins in the exchanges and see what could have happen.

I never took them off because I was worried about losing them. Like everyone else I wanted the Bitcoin Cash. This backfired now and I am unlikely to get any Bitcoin Cash. Anyway we live and learn.

yoseph

sr. member

Activity: 868

Merit: 266

Quote from: russelluk on August 03, 2017, 03:40:56 PM

Well I am starting to think this was the crappiest piece of advice you could give! Again more paranoia about exchanges that probably will just cost me money. If I had left my coins in Kraken I would have had the equivalent in Bitcoin Cash almost immediately and I could have traded them for Bitcoin when they were 727 USD. Instead I have them stuck in a paper wallet with no real idea on how to safely sweep my Bitcoin (let alone my Bitcoin Cash) into an online wallet. So can anyone tell me if there is a process for getting both your Bitcoin and Bitcoin Cash out of these paper wallets. And PLEASE no comments that are only partial in the answer. I need (plus many millions of others no doubt) on a foolproof process to get the coins out along with a wallet that can do this.

What would you have done if you hadn't take your bitcoins off the exchanges and something happened which makes you lose all your bitcoins huh. It's always good to be safe than to be sorry, you could have left some of your bitcoins in the exchanges and see what could have happen.

Minecache

legendary

Activity: 2184

Merit: 1024

Vave.com - Crypto Casino

Quote from: russelluk on August 03, 2017, 03:40:56 PM

Well I am starting to think this was the crappiest piece of advice you could give! Again more paranoia about exchanges that probably will just cost me money. If I had left my coins in Kraken I would have had the equivalent in Bitcoin Cash almost immediately and I could have traded them for Bitcoin when they were 727 USD. Instead I have them stuck in a paper wallet with no real idea on how to safely sweep my Bitcoin (let alone my Bitcoin Cash) into an online wallet. So can anyone tell me if there is a process for getting both your Bitcoin and Bitcoin Cash out of these paper wallets. And PLEASE no comments that are only partial in the answer. I need (plus many millions of others no doubt) on a foolproof process to get the coins out along with a wallet that can do this.

Agree but sometimes it's better to be safe than sorry.

russelluk

member

Activity: 158

Merit: 10

Listening to the chatter on the internet now - the BCH network cannot handle the traffic of people trying to cash their BCH from their Trezor device. Sounds like miners are slowing the network to slow the payouts.

There is no way that anyone is going to get any BCH from their paper wallets. If only I had left my coins on Kraken!

flippener

full member

Activity: 322

Merit: 101

Given Poloniex was down for much of yesterday I was very glad I had moved my BTC out to a private wallet.

Of course, now it's up today I naturally wonder if I was worried about nothing. But I'd rather worry too much than lose my BTC.

Iranus

hero member

Activity: 1792

Merit: 534

Leading Crypto Sports Betting & Casino Platform

Bitfinex stole a significant portion of their users' BCH holdings.

Several exchanges didn't bother to deal with BCH at all, namely Coinbase. Some didn't give a very good warning about it either.

Even if your chosen exchange happens to follow through on their agreement, it doesn't negate the importance of keeping your coins where you control your private keys. Bitcoin is a trustless system and you should not trust a third party for any longer than is absolutely essential.

GreenBits

legendary

Activity: 1148

Merit: 1048

Quote from: russelluk on August 03, 2017, 03:40:56 PM

Well I am starting to think this was the crappiest piece of advice you could give! Again more paranoia about exchanges that probably will just cost me money. If I had left my coins in Kraken I would have had the equivalent in Bitcoin Cash almost immediately and I could have traded them for Bitcoin when they were 727 USD. Instead I have them stuck in a paper wallet with no real idea on how to safely sweep my Bitcoin (let alone my Bitcoin Cash) into an online wallet. So can anyone tell me if there is a process for getting both your Bitcoin and Bitcoin Cash out of these paper wallets. And PLEASE no comments that are only partial in the answer. I need (plus many millions of others no doubt) on a foolproof process to get the coins out along with a wallet that can do this.

You missed the majority of the shit

A few years ago, you couldnt trust your own mom with your keys. The space was worse than what it is now with all the scams and hacks and such, but so MUCH MUCH worse. You will always hear this advice from old heads because its absolutely true; you truly do not own your coins if you do not possess the key to the wallet they are parked in.

With that being said, I had my coins on Bittrex, because I trust them at the moment, and received my coins painlessly to sell at a marvelous profit.

Weigh opportunity cost in all your trading scenarios. We could have told you it would have been chaotic; a lot of people didnt understand the state the network would be in after the fork. Everyone got these coins, this was the airdrop of the century

It just had to be bedlam, there was no other possible outcome.

dothebeats

legendary

Activity: 3542

Merit: 1352

Cashback 15%

I think the main reason why people advised to removed their coins into exchanges is because some exchanges don't support BCH ergo the owner of the coins wouldn't receive them. It is nicely indicated in a local exchange that I use. However if you want to be in the action when the trading commenced, you could have transferred your coins to an exchange that supports BCH.

dashingriddler

legendary

Activity: 1258

Merit: 1001

I wasn't to sure why they all told their customers to take them off the exchanges in the first place.

I think the majority of the people would of been okay to be without access to their funds for a day and a forth night if they knew they would be able to retrieve even a tenth of what they held in their exchange wallets in an alt coin they can trade 48 hours later.

I know I wouldn't mind being without my bitcoin for a total of three days when the largest exchange released them on their exchange (allowing you to withdraw and deposit to their exchange wallets is what I mean) so to trade for whatever they wish to including bitcoin back.

Alas. I did not hold any on that exchange because I took the advice like many did and took them off their site and put them in a cold storage wallet. Embarrassed

Lesson learned.. I guess. Undecided

As per your question.
I have been told to use electron to do this process. Which a wallet offered by the inventor of the electrum wallet.

There is also a command line one I came across but do not know how that one works.
It had a three or four letter name. It does not come to mind at the moment because I wouldn't be able to use it anyways. Cheesy

saddampbuh

legendary

Activity: 1078

Merit: 1014

same boat, had some coins on kraken those are good for the rest god knows what i will do, for those who are not geek computer scientists we need a service where we can drag a wallet.dat and have the coins show up, so far seems there are only phising scams

russelluk

member

Activity: 158

Merit: 10

Well I am starting to think this was the crappiest piece of advice you could give! Again more paranoia about exchanges that probably will just cost me money. If I had left my coins in Kraken I would have had the equivalent in Bitcoin Cash almost immediately and I could have traded them for Bitcoin when they were 727 USD. Instead I have them stuck in a paper wallet with no real idea on how to safely sweep my Bitcoin (let alone my Bitcoin Cash) into an online wallet. So can anyone tell me if there is a process for getting both your Bitcoin and Bitcoin Cash out of these paper wallets. And PLEASE no comments that are only partial in the answer. I need (plus many millions of others no doubt) on a foolproof process to get the coins out along with a wallet that can do this.

Topic: So everyone tells you to take your Bitcoins off the exchange before the fork!! - page 3. (Read 2047 times)