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Title: Best place to store bitcoins during the forks Post by: Tszunami98 on October 13, 2017, 04:07:55 AM I was watching and reading all about the upcoming forks and where to store your btc during them.
I was wondering if ( i know the asnwer of this question but i wanna duble check with the comunity) is it ok to store btc at freebitco.in during the forks to be safe about your coins. I have read their policy about that and i believe it is the safest bet. What do you think guys? Title: Re: Best place to store bitcoins during the forks Post by: pooya87 on October 13, 2017, 04:20:08 AM it doesn't matter, during, before, after forks, you should always "store" your coins in cold storage https://en.bitcoin.it/wiki/Cold_storage
anything else is a risky move, and when you leave it with a third party (freebitco.in for example) you are taking a much bigger risk because you are giving up control on your money and that is a risky move. but if you end up doing it anyways, they will most probably credit your airdrops as they have promised. Title: Re: Best place to store bitcoins during the forks Post by: Halcyon Days on October 13, 2017, 04:32:42 AM If possible, you should avoid storing your coins in a online exchange, but use your own cold storage or desktop wallet. By doing so, it is guaranteed, that you have access to your coins and especially forked coins later on.
A online exchange can decide, if they want to support a forked coin or not. Usually if it is big enough, it is very likely that they are going to support them; however, if they decide not to support it, there is no way to get access to your forked coins. Furthermore, ofentimes, there are major delays in distributing the forked coin. If you are going to use an online wallet, make sure that they annouced to support your coin. Good luck! Title: Re: Best place to store bitcoins during the forks Post by: Gabz999 on October 13, 2017, 04:36:42 AM As they mention above, yeah! Cold storage is the best storage for storing your bitcoin. It is the safest thing that you can do, we can not garuntee those online and web wallets any time they can go down. Although you can use online wallets but don't put a lot of coins there just a little amount that you need.
Title: Re: Best place to store bitcoins during the forks Post by: piloder on October 13, 2017, 04:41:31 AM Move your bitcoin to either paper wallet or wallet like electrum where you will have full control over your bitcoins (you hold private key).
Its not better to store your bitcoin in exchanges during fork, take an example of coinbase they haven't credited their user's balance with bitcoin cash till now after august fork. Title: Re: Best place to store bitcoins during the forks Post by: Emoclaw on October 13, 2017, 05:03:19 AM I don't have a hardware wallet yet. Would I be wise to move my bitcoin out of Jaxx into another wallet, even though I do hold the private keys? I don't think they have added support for bitcoin cash yet. Move them wherever you want, as long as you have exclusive control over the private keys of that wallet. It doesn't matter if you use a hardware wallet, Electrum, Jaxx, Bitcoin Core etc.They don't necessarily need to add support for the other forks, you just have to import your private keys to the other forks' wallet software to claim them. Title: Re: Best place to store bitcoins during the forks Post by: BrewMaster on October 13, 2017, 05:04:08 AM ...is it ok to store btc at freebitco.in during the forks to be safe about your coins. ... i have not used that site much, but i think they don't allow you to withdraw the fork coins. for example if bitcoin gold happens, they won't allow you to withdraw bitcoin gold, but you can convert it to bitcoin and withdraw bitcoin. and the price is what they set it to be so you may not get the best rate. that may not be what some people want, they may want to have the freedom of choosing when to sell and at what price. Title: Re: Best place to store bitcoins during the forks Post by: denetci on October 13, 2017, 05:09:54 AM i prefer ledger nano s to store my bitcoins. it is fast and secure. i recommend that product
Title: Re: Best place to store bitcoins during the forks Post by: IamAltcoinfan on October 13, 2017, 05:10:14 AM In august fork I sold most of my holdings and some I kept it in blockchain.info till now I dint try to claim bcc because of lots of fraud activity I Dont trust any app to give my private key. This time any well known exchanges like bittrex supports please let us know . I am not having hardware wallet even I can’t buy now.
Title: Re: Best place to store bitcoins during the forks Post by: Singbatak on October 13, 2017, 05:24:43 AM At Coinomi I entrusted my Bitcoins in the first fork. And I was not disappointed because I received BCC equivalent of the Bitcoins I hold. So here's the safe Bitcoins store in 2nd Fork. If you would like to know more you will find Coinomi Wallet at the Google Play store and you create an account. Just save your private key so you can recover your wallet again
Title: Re: Best place to store bitcoins during the forks Post by: Tszunami98 on October 14, 2017, 07:31:13 AM Hei, thanks for your responses guys.
After reading all your responses i have finally decided to move my btc on Electrum wallet to maximize the safety. The thing that convinced me was that i might not recieve btc gold. Thank you again to all of you....i might come back after the fork asking how to claim me new coins :P Title: Re: Best place to store bitcoins during the forks Post by: sydcrypt on October 14, 2017, 07:37:38 AM Cold storage wallets are the safest. Among online wallets exchanges such as Bitrex and Birfinex have already announded they would safely support the hard fork.
Title: Re: Best place to store bitcoins during the forks Post by: nesterpu on October 14, 2017, 07:56:32 AM I was watching and reading all about the upcoming forks and where to store your btc during them. The rule is what man does and nothing is certain at the present time. Everything can happen and you always have to accept it. You can see btc-e as a good example.I was wondering if ( i know the asnwer of this question but i wanna duble check with the comunity) is it ok to store btc at freebitco.in during the forks to be safe about your coins. I have read their policy about that and i believe it is the safest bet. What do you think guys? Title: Re: Best place to store bitcoins during the forks Post by: yishak on October 14, 2017, 08:13:04 AM The best place to store your bitcoins would be in a cold storage wallet. But if you rather use online wallets then you have to read news regarding whether the online wallet which you gonna store your bitcoins on will support the upcoming fork or not. But you have to choose a wallet carefully , I once stored my bitcoins in a xapo wallet before the bitcoin cash fork and even though they said they will support bitcoin cash I haven't received my bcc upto this day . So be careful which wallet you will choose or go with cold storage.
Title: Re: Best place to store bitcoins during the forks Post by: bitart on October 14, 2017, 08:14:26 AM Hei, thanks for your responses guys. It's OK that you will store your coins in a safe wallet but don't forget that you should'n hurry claiming the new coins, because of lack of the replay protection. If you haven't read about it yet, you should do a quick google about it. The most important thing about that is that you should move your real bitcoins somewhere in a different and secure wallet, before you start to deal (claim) your new coins. This is how you can ensure that if you move the new coins to exchange or to somewhere else, possibly fraudulent users can't move your original bitcoins from your original wallet parallel.After reading all your responses i have finally decided to move my btc on Electrum wallet to maximize the safety. The thing that convinced me was that i might not recieve btc gold. Thank you again to all of you....i might come back after the fork asking how to claim me new coins :P Title: Re: Best place to store bitcoins during the forks Post by: TheQuin on October 14, 2017, 08:30:44 AM ...is it ok to store btc at freebitco.in during the forks to be safe about your coins. ... i have not used that site much, but i think they don't allow you to withdraw the fork coins. for example if bitcoin gold happens, they won't allow you to withdraw bitcoin gold, but you can convert it to bitcoin and withdraw bitcoin. and the price is what they set it to be so you may not get the best rate. that may not be what some people want, they may want to have the freedom of choosing when to sell and at what price. That's not what they say in their official statement or what happened with the last fork. They allowed a period of about a month for people to withdraw BCH from the site if they didn't want to convert it there. Quote HARD FORK POLICY Bitcoin has 2 hard forks planned in the near future - "Bitcoin Gold" and "Bitcoin Segwit 2x". As we have done with the "Bitcoin Cash" hard fork in the past, we shall support withdrawals of all hard fork coins as long as they are viable - ie. have wallet support, a working blockchain and straightforward redemption policies. The "Bitcoin Gold" hard fork currently does not seem to be a viable fork - since they have not given any information about the fork on their website (btcgpu.org) and have no supported wallets yet. If there are no wallets that support it, we shall not be able to make "Bitcoin Gold" available for withdrawals. If however, there is wallet support for "Bitcoin Gold" before the hard fork date and the block number for the fork is announced in advance, we shall make it available for withdrawal. We shall be supporting the "Bitcoin Segwit 2x" fork since it already has a working wallet and has announced the block number when the hard fork will happen. If a majority of miners switch to "Bitcoin Segwit 2x" and it has the chain with the most Proof-of-Work, we shall make it our primary coin and "Bitcoin Core" coins will be made available for withdrawal to your own wallets, otherwise "Bitcoin Core" shall remain our primary coin and "Bitcoin Segwit 2x" coins will be made available for withdrawal to your own wallets. In either case, users will receive coins in both the majority and minority chain equivalent to the balance that they had on the website prior to the hard fork. We shall be pausing deposits and withdrawals temporarily before the "Bitcoin Segwit 2x" hard fork until a clear winner has emerged. Everything else on the website will function as usual. The fork is scheduled to happen at around the middle of November. We shall give advance notice of when deposits and withdrawals will be paused before the fork date. Title: Re: Best place to store bitcoins during the forks Post by: ged00u on October 14, 2017, 10:27:20 AM Electrum is the number one choice here. You can use the bitcoin core, too but it is too heavy to the computer since it requires us to download the whole blockchain to the computer. Unless you are a developer or someone who wants to learn about the blockchain, it is not necessary to download the Core. The important thing you need to remember in this hard fork is that you have to hold your private key. If you do not have your private key, it means that you will not able to access your bitcoin and receive extra bitcoin gold after the fork. Therefore, I believe that holding bitcoin in electrum wallet is the best choice since it gives us all of the thing we want such as private keys
Title: Re: Best place to store bitcoins during the forks Post by: solarion on October 14, 2017, 10:38:22 AM Electrum is the number one choice here. You can use the bitcoin core, too but it is too heavy to the computer since it requires us to download the whole blockchain to the computer. Unless you are a developer or someone who wants to learn about the blockchain, it is not necessary to download the Core. The important thing you need to remember in this hard fork is that you have to hold your private key. If you do not have your private key, it means that you will not able to access your bitcoin and receive extra bitcoin gold after the fork. Therefore, I believe that holding bitcoin in electrum wallet is the best choice since it gives us all of the thing we want such as private keys Early time to now bitcoincore is the one of the best wallet in desktop series. I have multibit and electrum wallet to save my bitcoins now. What ever the wallet you use it does not matter but you have keep your wallet's private key safely and wallet.dat file in your desktop or any hardware you have. Bitcoin gold can be good amount after the hard fork but the price value will decrease like happen with the BCH. Title: Re: Best place to store bitcoins during the forks Post by: batang_bitcoin on October 14, 2017, 10:39:40 AM Hei, thanks for your responses guys. After reading all your responses i have finally decided to move my btc on Electrum wallet to maximize the safety. The thing that convinced me was that i might not recieve btc gold. Thank you again to all of you....i might come back after the fork asking how to claim me new coins :P Electrum is a safe wallet and when the fork of Bitcoin Cash happened I restored most of my web wallet funds and put it there. Because it's a wallet that supports the recent fork. And I haven't read if electrum will support bitcoin gold but for sure it will have a statement before the fork that we can export our private keys in able to claim our free bitcoin golds. Let's all together wait for that update for claiming our bitcoin gold. Title: Re: Best place to store bitcoins during the forks Post by: hatshepsut93 on October 14, 2017, 10:45:46 AM Your choices can be broken into two options - store it online and get your forks sorted out for you - no need to install any software, import keys or seeds, etc., as long as your online service will support both chains after the fork, and if you are storing them on exchange, you might be able to trade your coins asap. Or you can store it offline and be sure that your coins won't get lost for whatever reason or stolen. So, the answer to your question would be to answer what are you valuing more - convenience or security?
Title: Re: Best place to store bitcoins during the forks Post by: okae on October 14, 2017, 10:46:29 AM On any way where you are the only one who control your private key, obviously there is some ways more secure than others like cold storage etc etc... The worst way are online wallets and/or third party.
That's not what they say in their official statement or what happened with the last fork. They allowed a period of about a month for people to withdraw BCH from the site if they didn't want to convert it there. Maybe, but again, you will depend on them and why you will want to do it when you can be safe by depends only of you? Title: Re: Best place to store bitcoins during the forks Post by: aoluain on October 14, 2017, 10:56:16 AM The general consensus is to have a wallet you control
The private keys of. I use exodus desktop wallet and They are not supporting the october fork. I would imagine online exchanges like bittrex, poloniex and coinbase would be safe for the fork also? Title: Re: Best place to store bitcoins during the forks Post by: Appie34 on October 14, 2017, 01:00:22 PM The general consensus is to have a wallet you control The private keys of. I use exodus desktop wallet and They are not supporting the october fork. I would imagine online exchanges like bittrex, poloniex and coinbase would be safe for the fork also? I use Exodus too. How to handle if they don't support? Title: Re: Best place to store bitcoins during the forks Post by: lady Royal on October 14, 2017, 01:10:05 PM The best place to store Bitcoins during fork i guess Is a offline wallet, You should Install your desktop wallet and transfer your Bitcoins in it, However, For me my online wallet is good for me I am not transferring my Bitcoins to any other place during fork.
Title: Re: Best place to store bitcoins during the forks Post by: aizen10 on October 14, 2017, 02:02:50 PM I was watching and reading all about the upcoming forks and where to store your btc during them. I was wondering if ( i know the asnwer of this question but i wanna duble check with the comunity) is it ok to store btc at freebitco.in during the forks to be safe about your coins. I have read their policy about that and i believe it is the safest bet. What do you think guys? there a risk if you do play (make some transaction) during hard fork, it has a bigger chance to lose your bitcoin during hard fork, so dont make transaction during that to avoid losing bitcoin, and where to store bitcoin? i think its safe on your bitcoin wallet that have private key or secret phrases and dont transfer your bitcoin on some third party like freebitcoin because like the other folks say, that has a bigger risk if you do that, so i suggest that store it on your bitcoin wallet and dont ever touch or make transaction during the hard fork. Title: Re: Best place to store bitcoins during the forks Post by: eann014 on October 14, 2017, 02:17:01 PM If you want to take risk, just let your bitcoin in your bitcoin wallets because it can increase and it can also decrease its amount and its up to you if you want to take that risk. Some of us are risk takers so they don't care even if bitcoin dump because they are all positive that it will still increase after the fork.
Title: Re: Best place to store bitcoins during the forks Post by: limopc on October 20, 2017, 08:12:39 AM Just curious and not that geeky
If I created a paper wallet and transfers all my BTC to its public address, after the fork sometime I will need to import the paper wallet by scanning the private key. So, what’s the difference between this procedure and simply keeping the BTC in a mobile wallet that has the private keys stored on the mobile? Is there any difference? Title: Re: Best place to store bitcoins during the forks Post by: TheQuin on October 20, 2017, 08:16:35 AM Just curious and not that geeky If I created a paper wallet and transfers all my BTC to its public address, after the fork sometime I will need to import the paper wallet by scanning the private key. So, what’s the difference between this procedure and simply keeping the BTC in a mobile wallet that has the private keys stored on the mobile? Is there any difference? The mobile is connected to the internet and therefore your private keys could be compromised by malware. Obviously, a piece of paper is not connected to the internet. You need to take care of the safe storage of the paper and have a copy in another location to be safe as possible. Title: Re: Best place to store bitcoins during the forks Post by: cryptolinguist on October 20, 2017, 08:21:09 AM I am a strong believer in the nano s ledger. Its a cold storage ledger that is known to be reliable and extremely secure. They used to cost like 50$ a year or 2 ago. Now they cost like 130-150 but they are still worth every penny. I have 3 of them!!!
Title: Re: Best place to store bitcoins during the forks Post by: limopc on October 20, 2017, 08:32:38 AM Just curious and not that geeky If I created a paper wallet and transfers all my BTC to its public address, after the fork sometime I will need to import the paper wallet by scanning the private key. So, what’s the difference between this procedure and simply keeping the BTC in a mobile wallet that has the private keys stored on the mobile? Is there any difference? The mobile is connected to the internet and therefore your private keys could be compromised by malware. Obviously, a piece of paper is not connected to the internet. You need to take care of the safe storage of the paper and have a copy in another location to be safe as possible. Ok, apart from malware and hacking, my worry is mainly about the effect of fork, replay protection... etc. Any difference between paper wallet then importing it after the fork and keeping BTC in the wallet? Title: Re: Best place to store bitcoins during the forks Post by: posi on October 20, 2017, 08:43:18 AM The best place to store your bitcoins before,during and after the forks is an open source hardware wallet that support the forks while you're also the holder of the wallet private keys because the holder of bitcoin wallet keys is automatically the owner and keeper of the bitcoin inside the wallet..
Title: Re: Best place to store bitcoins during the forks Post by: Faroxx on October 20, 2017, 08:54:04 AM I think it's better to store bitcoins during the hard fork on the exchanges, because then you can trade immediately and not wait until the coins will be available for deposit.
Title: Re: Best place to store bitcoins during the forks Post by: Nawaytes on October 20, 2017, 09:15:22 AM I think that's not a good choice, because freebitco.in is a faucet and gambling. It's up to them if at any time they want to close the website and will be very risky for you. Store your BTC in a exchange wallet like bitrex, poloniex, and more big marketplace it would be safer, and it seems they will support it if necessary (like freebitco.in). The entire market still hasn't released an official statement whether they will support BTG on hardfork later, but at least your money will be safer there although not a guarantee.
Title: Re: Best place to store bitcoins during the forks Post by: ranman09 on October 20, 2017, 09:18:10 AM Store on cold storages! So you still have hold of your coins. So after the fork you can claim your other coin flawlessly. Yes you can have both coin after the fork.
Title: Re: Best place to store bitcoins during the forks Post by: Granxis on October 20, 2017, 09:27:18 AM I do not know how to keep my Bitcoins safe. I think every stock has a different thought for fork. There is still time. I will transfer Bitcoin to a safe place up to 5 days.
Title: Re: Best place to store bitcoins during the forks Post by: domcer on October 20, 2017, 09:30:30 AM Guys, what do you think about keeping BTC in Exodus during the fork? Is it a good idea?
Title: Re: Best place to store bitcoins during the forks Post by: cah ndablek on October 20, 2017, 09:38:31 AM I was watching and reading all about the upcoming forks and where to store your btc during them. I still rely myetherwallet place to store the coins obtained from several types of project. although many risk that appears suddenly but not be a barrier for me to stay trust the best performance during this time.I was wondering if ( i know the asnwer of this question but i wanna duble check with the comunity) is it ok to store btc at freebitco.in during the forks to be safe about your coins. I have read their policy about that and i believe it is the safest bet. What do you think guys? Title: Re: Best place to store bitcoins during the forks Post by: TheQuin on October 20, 2017, 09:46:17 AM Ok, apart from malware and hacking, my worry is mainly about the effect of fork, replay protection... etc. Any difference between paper wallet then importing it after the fork and keeping BTC in the wallet? I can't see any difference in that respect. The two forks are slightly different as Bitcoin Gold will use different addresses it has replay protection. You will have to take the same precautions with your private keys whatever wallet you use. Make sure you move your BTC to a new wallet after the fork then move the new coins as soon as you can. Title: Re: Best place to store bitcoins during the forks Post by: futurebitcoins on October 20, 2017, 09:48:35 AM I think it's better to store bitcoins during the hard fork on the exchanges, because then you can trade immediately and not wait until the coins will be available for deposit. Don't store all of your bitcoins in exchanges if you got more coins because it is not safe. Title: Re: Best place to store bitcoins during the forks Post by: paolo099 on October 20, 2017, 09:51:44 AM i have such a small amount of BTC that i'm keeping it in an exchanger (kraken), very solid, reliable and hopefully, will enable the new coin as soon as possible.
In the previous fork, my dust was stored in Poloniex and i had no issue as well. The transaction fees for withdrawal is not that low (for the small amount i have) so i prefer to keep it there with my finger crossed. Title: Re: Best place to store bitcoins during the forks Post by: Jonsnowstark on October 20, 2017, 10:04:42 AM Cold storage. That's basically the safest place to store coins whether it be fork or not. If you leave it in freebitco which is governed by a third party, they might not give you your other coin if they don't support it.
Title: Re: Best place to store bitcoins during the forks Post by: XCANA on October 20, 2017, 10:27:00 AM I was watching and reading all about the upcoming forks and where to store your btc during them. The best place to keep your bitcoin during Forks is your blockchain wallet and good exchange company like poloniex and Bittrex, this is because so many people testified that they got money double during the last Fork in August of which that may repeat itself. I was wondering if ( i know the asnwer of this question but i wanna duble check with the comunity) is it ok to store btc at freebitco.in during the forks to be safe about your coins. I have read their policy about that and i believe it is the safest bet. What do you think guys? Title: Re: Best place to store bitcoins during the forks Post by: spinnycat on October 20, 2017, 10:44:15 AM Yeah Im storing on my ledger but get confused between whether to store in legacy or segwit. I seen the other post regarding it and it recommended store in legacy, so will give that a whirl, cross fingers and hide until its done :)
Title: Re: Best place to store bitcoins during the forks Post by: bitart on October 20, 2017, 06:05:36 PM Yeah Im storing on my ledger but get confused between whether to store in legacy or segwit. I seen the other post regarding it and it recommended store in legacy, so will give that a whirl, cross fingers and hide until its done :) I was also wondering if the segwit address would be OK for the bitcoin gold, but now it's clear that the legacy address is needed for that. Thanks for the info, I have to move some dust from the segwit address to the legacy, every penny counts :)Title: Re: Best place to store bitcoins during the forks Post by: HasHe on October 20, 2017, 06:36:22 PM it doesn't matter, during, before, after forks, you should always "store" your coins in cold storage https://en.bitcoin.it/wiki/Cold_storage Definitely,it would be a risky move.Bitcoin cash was given support by bittrex exchange last time,but this time,till now,no good exchanges or wallets have announced their support for bitcoin gold.So,its not clear how it could be got.So,don't get yourself in to trouble by storing your bitcoins in a wallet of fake company.anything else is a risky move, and when you leave it with a third party (freebitco.in for example) you are taking a much bigger risk because you are giving up control on your money and that is a risky move. but if you end up doing it anyways, they will most probably credit your airdrops as they have promised. Title: Re: Best place to store bitcoins during the forks Post by: spinnycat on October 21, 2017, 12:57:56 AM Yeah Im storing on my ledger but get confused between whether to store in legacy or segwit. I seen the other post regarding it and it recommended store in legacy, so will give that a whirl, cross fingers and hide until its done :) I was also wondering if the segwit address would be OK for the bitcoin gold, but now it's clear that the legacy address is needed for that. Thanks for the info, I have to move some dust from the segwit address to the legacy, every penny counts :)no probs bitart, if you get a chance look at this bitcointalk post about it: https://bitcointalk.org/index.php?topic=2214577.new#new (https://bitcointalk.org/index.php?topic=2214577.new#new) Its confusing for me but the end result seems to be legacy is the way to go for ledger. If anyone sees an official post from Ledger feel free to correct me, but thats all I have to go on so far. The official ledger post regarding a split and your btc, is here. Its quite vague. https://ledger.groovehq.com/knowledge_base/topics/what-about-bitcoin-xt-what-would-happen-in-case-of-a-fork?from_search=true (https://ledger.groovehq.com/knowledge_base/topics/what-about-bitcoin-xt-what-would-happen-in-case-of-a-fork?from_search=true) Title: Re: Best place to store bitcoins during the forks Post by: limopc on October 22, 2017, 02:02:30 AM Ok, apart from malware and hacking, my worry is mainly about the effect of fork, replay protection... etc. Any difference between paper wallet then importing it after the fork and keeping BTC in the wallet? I can't see any difference in that respect. The two forks are slightly different as Bitcoin Gold will use different addresses it has replay protection. You will have to take the same precautions with your private keys whatever wallet you use. Make sure you move your BTC to a new wallet after the fork then move the new coins as soon as you can. So, I understand the following is correct: 1- I will simply keep my BTC in Jaxx mobile wallet. 2- As of 23 October I will not buy, sell, send, recieive or even move or import between wallets or addresses. 3- 1st December I am having “on the ledgers” say 5 BTC and 5 BTG, and 5 B2X 4- I am having my private keys for BTC in Jaxx wallet. 5 BTC are already in my Jaxx wallet. BTG block chain exists definetly with its own exchange rate I assume by 1st December the dust would have settled and we have one of the following situations: 1- BTC or B2X is dead and equal zero, that is, one of them will not be existing, the survivor will be called Bitcoin and BTC (whether it is the 1 MB or the new 2 MB), and it will have the same market price of BTC. 2- BTC only exists (so business as usual, as if there was no segwit2x) 3- B2X only exists (so I have 5 airdropped B2X, with its market value, and 5 BTC are gone) 4- Both BTC and B2X coexists, and I have 5 BTC and 5 B2X (it is up to the market to give the price for each, but the market might support B2X for faster confirmation and lower transaction fee), if so, I assume 1 BTC+1 B2X will be equal to roughly the 6000 USD current market price (assuming no price change till then) Then remains the question about the replay of the transaction, how would I send all my BTC funds on the 1st December to another BTC address in another wallet and be sure it will be received and executed as BTC during the transaction? I should then after emptying my Jaxx wallet, install a B2X wallet and import the Jaxx wallet so I get the airdropped 5 B2X in it. Am I correct in this analysis? Sorry, it is technically complicated for me. Title: Re: Best place to store bitcoins during the forks Post by: limopc on October 22, 2017, 07:59:28 AM Ok, apart from malware and hacking, my worry is mainly about the effect of fork, replay protection... etc. Any difference between paper wallet then importing it after the fork and keeping BTC in the wallet? I can't see any difference in that respect. The two forks are slightly different as Bitcoin Gold will use different addresses it has replay protection. You will have to take the same precautions with your private keys whatever wallet you use. Make sure you move your BTC to a new wallet after the fork then move the new coins as soon as you can. So, I understand the following is correct: 1- I will simply keep my BTC in Jaxx mobile wallet. 2- As of 23 October I will not buy, sell, send, recieive or even move or import between wallets or addresses. 3- 1st December I am having “on the ledgers” say 5 BTC and 5 BTG, and 5 B2X 4- I am having my private keys for BTC in Jaxx wallet. 5 BTC are already in my Jaxx wallet. BTG block chain exists definetly with its own exchange rate I assume by 1st December the dust would have settled and we have one of the following situations: 1- BTC or B2X is dead and equal zero, that is, one of them will not be existing, the survivor will be called Bitcoin and BTC (whether it is the 1 MB or the new 2 MB), and it will have the same market price of BTC. 2- BTC only exists (so business as usual, as if there was no segwit2x) 3- B2X only exists (so I have 5 airdropped B2X, with its market value, and 5 BTC are gone) 4- Both BTC and B2X coexists, and I have 5 BTC and 5 B2X (it is up to the market to give the price for each, but the market might support B2X for faster confirmation and lower transaction fee), if so, I assume 1 BTC+1 B2X will be equal to roughly the 6000 USD current market price (assuming no price change till then) Then remains the question about the replay of the transaction, how would I send all my BTC funds on the 1st December to another BTC address in another wallet and be sure it will be received and executed as BTC during the transaction? I should then after emptying my Jaxx wallet, install a B2X wallet and import the Jaxx wallet so I get the airdropped 5 B2X in it. Am I correct in this analysis? Sorry, it is technically complicated for me. Any comments highly appreciated. Hoping the above calculation holds true and contribute to calming down the nervous people Title: Re: Best place to store bitcoins during the forks Post by: alaeddine1azer on October 22, 2017, 08:03:34 AM I have small ammounts keeping them in Blockchain and I will see what happens ;)
Title: Re: Best place to store bitcoins during the forks Post by: michellee on October 22, 2017, 08:25:17 AM I have small ammounts keeping them in Blockchain and I will see what happens ;) i can tell you that if you save in blockchain, then you are safe although its not 100% safe but blockchain is not like the other wallet and if you can safe your private keys and all information about blockchain in the save place, then you don't have to be worried. I think you might be want to try other wallet like offline wallet that only installed in your computer without having any connection to internet or you can use paper wallet. there is no need to worried about the fork as long as you safe your bitcoin in the right wallet. Title: Re: Best place to store bitcoins during the forks Post by: Images21 on October 22, 2017, 08:34:18 AM Store them in your safest wallets. It does not matter whether it is during fork or not. Always choose the safest wallet. But if you are looking for wallets that will give you Bitcoin Gold if you have Bitcoins stored in them, then try Kraken and HitBTC. They have already issued their statements that they will give away free Bitcoin Gold. Bittrex has also committed as well but they will not allow Bitcoin Gold in their exchange list.
Title: Re: Best place to store bitcoins during the forks Post by: Gaaara on October 22, 2017, 08:44:43 AM Bittrex already supported the forks, but I don't really know if its okay to store there since they don't recommend Bittrex that much now. But still it is a wise choice to place it there since Bittrex already announce that they will support it, and in fact other thing won't affect you placing there because as I remember lots of the problem was supposed to be about the fees and other stuff.
Title: Re: Best place to store bitcoins during the forks Post by: Eternu on October 22, 2017, 08:49:26 AM I was watching and reading all about the upcoming forks and where to store your btc during them. I think that is as safe place as any. If you agree wth their way of dealing with Bitcoin during the fork, that there is no problem. Personali i use blockchain and i must say that I am more than convinced that my Bitcoins are safe there. I guess that safest place to store your Bicoins would be offline hard drive...I was wondering if ( i know the asnwer of this question but i wanna duble check with the comunity) is it ok to store btc at freebitco.in during the forks to be safe about your coins. I have read their policy about that and i believe it is the safest bet. What do you think guys? Title: Re: Best place to store bitcoins during the forks Post by: sofi@ on October 22, 2017, 08:53:13 AM You can store your bitcoin anywhere you like because the fork will not harm them or somewhat make them disappear the only difference is that some online wallets offer an equivalent value in bitcoin gold and segwit like freebitco.in they did this on the first hard fork which is the bitcoin cash. You can choose to keep it them so you can earn some after the fork.
Title: Re: Best place to store bitcoins during the forks Post by: sydcrypt on October 22, 2017, 09:00:26 AM Any cold hardware storage would support the fork and the complimentary coin that u'd receive, and its the safest place to store. Apart from that reputed exchanges like bitfinex, bitrex etc, have assured that they'd support the fork so if you have plans to store it in their wallets make sure you mail them and enquire to be on the safer side.
Title: Re: Best place to store bitcoins during the forks Post by: elliottflz65 on October 22, 2017, 09:01:14 AM I'm going to be storing mine in my electrum wallet because after the fork I won't need to sync it all and it's safer than exchanges.
Title: Re: Best place to store bitcoins during the forks Post by: ufaiz50 on October 22, 2017, 09:03:02 AM I was watching and reading all about the upcoming forks and where to store your btc during them. I think saving in place where you are given private key over bitcoin you have, but I save in local exchanges because they support bitcoin gold and I also store in bittrex.I was wondering if ( i know the asnwer of this question but i wanna duble check with the comunity) is it ok to store btc at freebitco.in during the forks to be safe about your coins. I have read their policy about that and i believe it is the safest bet. What do you think guys? Title: Re: Best place to store bitcoins during the forks Post by: lucashunter on October 22, 2017, 09:56:35 AM I was watching and reading all about the upcoming forks and where to store your btc during them. I was wondering if ( i know the asnwer of this question but i wanna duble check with the comunity) is it ok to store btc at freebitco.in during the forks to be safe about your coins. I have read their policy about that and i believe it is the safest bet. What do you think guys? For the last hard fork, I had my Bitcoin in my Poloniex account and I got the same amount in Bitcoin Cash after the hardfork. So I will always suggest you keep it in Poloniex so you can get your Bitcoin Gold. I hope I will get Bitcoin Gold has I have some Bitcoin already in Poloniex. Title: Re: Best place to store bitcoins during the forks Post by: limopc on October 24, 2017, 07:28:23 AM Ok, apart from malware and hacking, my worry is mainly about the effect of fork, replay protection... etc. Any difference between paper wallet then importing it after the fork and keeping BTC in the wallet? I can't see any difference in that respect. The two forks are slightly different as Bitcoin Gold will use different addresses it has replay protection. You will have to take the same precautions with your private keys whatever wallet you use. Make sure you move your BTC to a new wallet after the fork then move the new coins as soon as you can. So, I understand the following is correct: 1- I will simply keep my BTC in Jaxx mobile wallet. 2- As of 23 October I will not buy, sell, send, recieive or even move or import between wallets or addresses. 3- 1st December I am having “on the ledgers” say 5 BTC and 5 BTG, and 5 B2X 4- I am having my private keys for BTC in Jaxx wallet. 5 BTC are already in my Jaxx wallet. BTG block chain exists definetly with its own exchange rate I assume by 1st December the dust would have settled and we have one of the following situations: 1- BTC or B2X is dead and equal zero, that is, one of them will not be existing, the survivor will be called Bitcoin and BTC (whether it is the 1 MB or the new 2 MB), and it will have the same market price of BTC. 2- BTC only exists (so business as usual, as if there was no segwit2x) 3- B2X only exists (so I have 5 airdropped B2X, with its market value, and 5 BTC are gone) 4- Both BTC and B2X coexists, and I have 5 BTC and 5 B2X (it is up to the market to give the price for each, but the market might support B2X for faster confirmation and lower transaction fee), if so, I assume 1 BTC+1 B2X will be equal to roughly the 6000 USD current market price (assuming no price change till then) Then remains the question about the replay of the transaction, how would I send all my BTC funds on the 1st December to another BTC address in another wallet and be sure it will be received and executed as BTC during the transaction? I should then after emptying my Jaxx wallet, install a B2X wallet and import the Jaxx wallet so I get the airdropped 5 B2X in it. Am I correct in this analysis? Sorry, it is technically complicated for me. Any comments highly appreciated. Hoping the above calculation holds true and contribute to calming down the nervous people Now, as we already had a fork, would anybody like to review the above “theory” or calculation? Title: Re: Best place to store bitcoins during the forks Post by: erickkyut on October 24, 2017, 07:43:37 AM I think the best way to keep your Bitcoin during fork is on hard wallet or paper wallet. But since I don't have any of this, I decided to use my Bitcoin to buy more alts during fork because that is the right time to buy more alts due to cheaper prices. I will wait till its prices rise again after the fork. I don't suggest that you keep your Bitcoin on exchange wallets. It is too risky for me. Better to put it in an offline wallet or downloadable wallets if you don't have hard wallets or paper wallets.
Title: Re: Best place to store bitcoins during the forks Post by: limopc on October 24, 2017, 07:47:15 AM I think the best way to keep your Bitcoin during fork is on hard wallet or paper wallet. But since I don't have any of this, I decided to use my Bitcoin to buy more alts during fork because that is the right time to buy more alts due to cheaper prices. I will wait till its prices rise again after the fork. I don't suggest that you keep your Bitcoin on exchange wallets. It is too risky for me. Better to put it in an offline wallet or downloadable wallets if you don't have hard wallets or paper wallets. I have already moved a day ago to paper wallet. But why you think about the calculation above? Title: Re: Best place to store bitcoins during the forks Post by: n0ne on October 24, 2017, 07:47:45 AM I think the best way to keep your Bitcoin during fork is on hard wallet or paper wallet. But since I don't have any of this, I decided to use my Bitcoin to buy more alts during fork because that is the right time to buy more alts due to cheaper prices. I will wait till its prices rise again after the fork. I don't suggest that you keep your Bitcoin on exchange wallets. It is too risky for me. Better to put it in an offline wallet or downloadable wallets if you don't have hard wallets or paper wallets. Such a much secure manner of holding is not required. On my view, it's good to keep hold in whatever the wallet might be with the private keys in hand. Importantly during the past fork too, mine were in the online wallets and periodically they used to give notifications that so an so not be done till the targeted time. Finally everything was safe as it was there before the fork, this time too all my holdings were on the same wallet.Title: Re: Best place to store bitcoins during the forks Post by: Redanim on October 24, 2017, 01:17:34 PM There are several opinions: Transfer into your local wallet. Transfer into online wallet. Transfer into the hardware purse. Leave bitcoins on the stock exchange. By my opinion u can store bitcoins in any wallet, as long as you have private keys and no one else has them.
Title: Re: Best place to store bitcoins during the forks Post by: rony01941 on October 31, 2017, 12:02:27 PM I did not believe in Bitcoin before. But now I've heard many people and know about its needs. Bitcoin can change the life of a person. Many people invest a lot of money in bitcoin. It is a trust-dependent coins. All can trust. Make life and change life.
Title: Re: Best place to store bitcoins during the forks Post by: rcoins0720 on February 23, 2018, 02:08:36 AM As long as you have your private keys then you are good to go
Wallets are secured just avoid making transaction during it. Other wallets will support tbe upcoming coins sooner . Hope that all the comments/post here are true because I read some speculations and how to do in new split if coin is came from a fork. there should be a intructions to do or posted if that happens Title: Re: Best place to store bitcoins during the forks Post by: yonjitsu on February 23, 2018, 02:53:36 AM As i have known, hardforks will give you the equivalent value of cryptocurrency you have in your cryptoexchange wallet. Just like Bitcoin Cash that i received from bitcoin hardfork in my Yobit wallet so it's up to you what cryptoexchange you want to use.
Title: Re: Best place to store bitcoins during the forks Post by: michellee on February 23, 2018, 04:26:42 AM I think we can still store bitcoin in every exchanges that supports the forks and we don't have to worry with something bad that might be happen because I am sure that the exchanges will protect their members from the attackers. but if you are still worry with bad things, then you can move your bitcoin to another wallet like paper wallet, third party wallet like jaxx, mycelium or else but I don't think that you can get the free coins from that wallet because it is available on the exchanges that supports the forks.
Title: Re: Best place to store bitcoins during the forks Post by: #davidnugroho on April 20, 2018, 09:13:52 PM I was watching and reading all about the upcoming forks and where to store your btc during them. I was wondering if ( i know the asnwer of this question but i wanna duble check with the comunity) is it ok to store btc at freebitco.in during the forks to be safe about your coins. I have read their policy about that and i believe it is the safest bet. What do you think guys? I prefer my bitcoin wallet and I will not get it elsewhere because I think it's safer just waiting for the price of the coin to go up. Title: Re: Best place to store bitcoins during the forks Post by: deepcoreotc on April 20, 2018, 09:49:50 PM In you own secure wallet that you own and have the private keys for, no safer place than this one.
Title: Re: Best place to store bitcoins during the forks Post by: BossMacko on April 20, 2018, 09:58:56 PM I am using electrum wallet to store Bitcoin for forks purposes, since they are always updated after the fork and i can easily import from that software to get the forks coin since i've been using it in every forks. Some exchange and gambling sites are also giving their customer the fork coin so you don't need to do anything else.
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