Topic: What You Need To Know To Get FREE Bitcoin Gold During The Fork. - page 3. (Read 16087 times)

I believe this happens completely upon the support from the wallet service providers. When the days gets closer to the fork, we'll get notifications from the wallet service renders what needs to be done and what shouldn't be by the time of fork to get all the assets in terms of bitcoin gold or in terms of bitcoin.

Actually Im not sure this is true. I *think* (but Im not certain) that blockchain.info users will be able claim BTG after the fork, but I really want to get some clarity on this.

I had BTC stored in a blockchain.info wallet during the BCH fork and I was able to claim all the BCH I was entitled to. At that time I actually had my BTC stored in what blockchain.info refers to as 'imported addresses' and I was able to use Coinomi to get that BCH. I used Coinomi to get about half of the BCH I had. Then, just a few days ago blockchain.info released their own support for BCH making it possible for me to claim the rest of my BCH within my blockchain.info wallet, without having to use Coinomi. I am hoping that blockchain wallet users will also be able to claim BTG after the coming fork as well.

But I'm hoping others have more info on this? I will message blockchain support to ask and Ill post whatever response I get back.


Blockchain.info wallet users do have access to their private keys. You dont get the private keys itself, rather you have a 'recovery phrase' that serves as your private key and allows you to import you blockchain wallet into any other desktop wallets if you wanted to.

From the blockchain.info blog:
As always, our wallets are non-custodial and you, our users, hold the private keys, meaning you always have full, exclusive access to your funds with your recovery phrase and can import them into another wallet of your choosing.

So blockchain.info wallet users do have access to our private keys (via the recovery phrase). I think you would claim your BTG like this:
-After the BTG fork you would transfer you BTC to another wallet for security.
-Then you would use the recovery phrase of the old wallet that held BTC during the fork to claim BTG in a wallet that supports BTG.
-You would be able to use any desktop or online wallet to claim the BTG that supported importing an address via a recovery phrase?

Please note that I'm not certain this is the case. I'm researching this now and would appreciate any input from others.

You need the private keys. If you have them you can access the coins.

If you have Bitcoin on the wallet @ time of BitCoinCash => you have access to BCH with the keys.
If you have not moved the BTC after 25th => you got access to Bitcoin Gold as well.
All you need is the private keys.
If your wallet (The software) does not support the forked coins, transfer the BTC to a new wallet (new pair of keys) and then you can use the keys to access your forked coins from a wallet (software) that supports one or both forked coins.

Asking the same thing.

Wil not be easy for newbies

It is good to have them there on the 24th, as we d o not know exactly when on the 25th they will take a snapshot of the blockchain. And to be on the safe side, keep them there up until the end of 26th, so you will be sure you will get them. The idea to have them on a PC is that you will have access to the private keys. This will give you access to the gold.
As the wallet you got will not support gold, but the keys will unlock it once you get to a wallet that supports gold.

Good luck

The regatta begins. Nice picture.

I have read in one thread that there is a minimum bitcoin requirement to avail the free bitcoin gold, which is 1 btc, is that true?
So basically, the things we need to do are exactly the same thing we did on the August fork, right? I think there are no difference in terms of preparation.

Maybe this will lead to a drop of BTC value in November

I hope hardware wallets also support BTG. In August my Ledger Nano got upgraded so it showed a BCC balance as well as a BTC one - fingers crossed the same will happen this time.

i see that you sad move your Bitcoin to a desktop wallet so you can get Bitcoin gold after couple of days from the fork so i want to know if any wallets will be working on mobile that can give you private keys and by that giving you the chance to have bitcoin gold at the end
also i'm hearing that the new bitcoin currency wouldn't worth that much and more likely not to get past the value of 1mbtc so you have to hold more bitcoin to get something worth trading because if it is like that you can lose more then you gain on transaction fees alone.

Whats the last deadline to keep Bitcoins in the wallet to get free Bitcoin Gold i.e. Stop doing any transactions of Bitcoins ?
For example: Is it possible to have bitcoins in my wallet on 24th October and take advantage of free Bitcoin Gold on 25th October? or must I keep it there earlier for some time?

It is ok. no problem I will explain:
The new coin uses the history (ledger) of BTC.
So all the keys that open coins in BTC will open the same coins in the forked coin.
This is all correct for the amounts available in the wallets before the fork...
After that the amount in the wallet does not matter anymore...

Hope now it is much clear...

Okay, but what i dont understand is how the 1 BTC on my hardware wallet somehow magically gets 1 Bitcoin Gold andd possible the other two currency? Sorry if im being dumb! Really appreciate your replies

Nope the BTC will be the same, but you will have Bitcoin Gold and the other x2 (if it occurs)

but the amount of BTC will be the same (the price of BTC is something different)

Awesome thanks for the reply! So basically I may as well just store them to a hardware wallet, then after the fork (say beginning of December), i can transfer back to the exchange wallet and my BTC should be worth more? If i want to transfer it back that is.

Have I understood that right? haha

In the exchange you do not have access to the private keys => no access to the forked network.
If you have PC/Phone/Paper/Hardware wallet then you have the private keys and have access to all forked chains
If you sell the new coins you will end up with more BTC then if you keep in the exchange.

There is a possibility that the exchange will support the new fork, then you will get the new coins, but that depends on the exchange will to share the coins (support them)...

I'm a newby to bitcoin and have put savings into a BTC exchange wallet. I dont understand this fork at all, but having read your post i think im going to purchase a hardware wallet even if its just for security! Could someone please explain how transferring my BTC from and exchange to a hardware wallet before the fork, gains me more BTC? super confused!

Thanks!