Bitcoin Forum

I am on multiple exchanges and some have come outright and said after the split, 1 BTC holder will have 1 BTC + 1 BCC after split...some havent addressed this question other than saying they wont support BCC...

What about online vs offline vs exchange wallet...will all BTC holders regardless of location now be credited with 1 BCC in this scenario? or just those who hold BTC on the exchanges mentioned above?

Nobody gets 'credited'.

The BTC blockchain will be copied on 1 aug to a new chain. So whatever BTC you hold, on the new chain you will have that amount in BCC.

It depends if exchange support split during the hard fork..

Bittrex, kraken will support split and everyone who holds BTC will get BCC

As far as i know, Poloniex not clear with their terms of supporting hardfork

So i would recommend, better to move your BTC to hardwallet or soft wallet like electrum

Can you explain a little further for me?  If I have btc in cold storage what exactly happens to them after a fork?  Does the original btc coin amount remain the same?

not only Bittrex and kraken.Bitfinex also support it as far as i know.
because they're listing Bitcoin Cash in their market BCH as its ticker


First of all it's very safe for you to move your wallet into cold storage/offline wallet or you can trust your money with them(not recommended),
For Example :
you have 2 Bitcoin and you keep it in your coldstorage/offline wallet,when the time comes we will see chain splitting (i called it branch of the tree).
it's recommended to keep it in your own wallet because you have a private keys,
that mean after splitting we will see another clone of Bitcoin itself we called it 'Bitcoin Cash',if you keep it by yourself you have an access to your clone,a key from your access to your clone are your 'Private Keys'.
How about it? understand ?

I'm trying to understand.

So my btc I already own allows me to get bcc from it.  What happens to the old btc?

I'm also trying to wrap my head around it, and this is how I perceive it so far. So the chain splits, and I have a wallet.dat file with 1 coin in it. Would I then use a new program to open that wallet.dat file for the BCC coin, and use in my case Bitcoin Core for my original BTC, with the end result 1 BTC in the new BCC wallet program, and the original 1 BTC in Bitcoin Core?

You get to keep both.

If you have 1 BTC before the fork, after the fork you'll have 1 BTC + 1 BCC. If you have it on your wallet or an exchange like Kraken who promised their users their respective BCCs. If you're on Coinbase you won't get your BCC, i recommend you withdrawl your BTC as soon as possible to your wallet or a different exchange for august 1st.

Ok,i will make an easy example for you.
look at this picture :

https://i.imgur.com/pykFlO7.png

it's a single branch aka 'Bitcoin Chain' (Before chain split),before chain split we only have one branch 'Chain'.
and when splitting comes that branch will split into two branch 'Chain',one branch we called it 'Bitcoin' and other branch we called it 'Bitcoin Cash'.
so,if you keep it in yourself when the time comes how much Bitcoin you have will be copied and you will get the same amount of Bitcoin Cash.
For example in your coldstorage you have 10BTC and when chain split you will get 10BCC/Bitcoin Cash,
it's total copy if you hard to understand,how will have depend on how much bitcoin in your cold storage.

so in the end 10BTC+10BCC , take it easy nothing will happen to your old Btc (obviously if you didn't throw it by yourself)

how about it ?

It is being said before that the best way to get both the coins is to send your coins from exchanges to your private wallet where you hold the private key so that you could very well have both the coins and it is the best way to get the coins without any complication rather than trusting your coins in an exchange at this point.

All BTC holders will get 1 BCC but not all exchanges will credit it to your wallet if they do not wish to support or trade in it.

The exchanges that haven't addressed the issue of BCC are the ones you should probably remove your BTC from if you want to avoid losing them. Any personal bitcoin wallet where you have the private key will enable you to access your BCC after the fork, or if that is too much effort just put them all on an exchange which has said they will credit them to your acccount.

Is the value of that btc after the fork any different than before ?

I think the best way is withdraw the btc to my wallet or deposit them to some exchanges that support the BCC, right? I do not know much about the hard fork.

The best thing to do according to me is to move your coin to bittrex or some exchange that support the 1:1 ratio of bitcoin and bitcoin cash. Bittrex is giving BTC and BCC then why not should we take the advantage of it. The BCC we get after the fork will be on exchange which gives us the advantage to sell it before others at a higher price.