Claiming bitcoin cash and bitcoin gold

[tradecoin.me]

I have a paper wallet that I created back in July before the bitcoin cash hard fork. I had 1 bitcoin there before the hard fork so now I also have 1 bitcoin cash. From what I have read in order to claim the bitcoin cash I need to first make a new bitcoin wallet, transfer everything to the new wallet (this is to be safe from relay attacks) and then use the private key to claim my bitcoin cash.

After October 25th my paper wallet should also get the 1 bitcoin gold. Again from what I have read to claim bitcoin gold and protect myself from relay attacks I need to transfer all my bitcoins to a new generated bitcoin address, and that I also need to make a 2nd output in that same transaction to the 3Bit............ address. Apparently you can send bitcoins to more than address in a single transaction.

Basically my question is if I follow the bitcoin cash relay protection method I am vulnerable to bitcoin gold relay attack and vice versa? Or maybe I have it all completely wrong, need some help here

[dothebeats]

Yep, you are correct. You need to transfer the balances first to a new BTC wallet then download a BCH-compatible wallet, import your BTC wallet privkeys in there and your balance should magically appear, same as to what you previously had in your BTC wallet. As for your questions on the BTG hard fork, I'm still not entirely sure how would I take advantage of the said event, but am slowly grasping different instructions on how to get my share of the pie. Anyways, here's a topic you can read about the BTG hard fork: https://bitcointalk.org/index.php?topic=2237268.0

[HabBear]

From what I have read in order to claim the bitcoin cash I need to first make a new bitcoin BITCOIN CASH wallet, transfer everything to the new wallet (this is to be safe from relay attacks) and then use the private key to claim my bitcoin cash.

After October 25th my paper wallet should also get the 1 bitcoin gold. Again from what I have read to claim bitcoin gold and protect myself from relay attacks I need to transfer all my bitcoins to a new generated bitcoin address, and that I also need to make a 2nd output in that same transaction to the 3Bit............ address. Apparently you can send bitcoins to more than address in a single transaction.

Basically my question is if I follow the bitcoin cash relay protection method I am vulnerable to bitcoin gold relay attack and vice versa? Or maybe I have it all completely wrong, need some help here

After you've claimed your Bitcoin Cash, make sure you send it to a Bitcoin Cash wallet...not a Bitcoin wallet. If you send it to a Bitcoin wallet the Bitcoin Cash will be lost forever.

I'd also suggest you consider getting a Trezor. Trezor is more secure than a physical wallet and will provide you greater support and instruction on how to claim Bitcoin Cash and other future air drops.

[Sylogbu]

To claim the bitcoin gold, do I need to hold bitcoincash or bitcoin before the segwit2x?

[pooya87]

~
After you've claimed your Bitcoin Cash, make sure you send it to a Bitcoin Cash wallet...not a Bitcoin wallet. If you send it to a Bitcoin wallet the Bitcoin Cash will be lost forever.
~

bitcoin and bitcoin cash, and also bitcoin gold and all the possible future forks that are similar to these, use the same key pairs. it means a bitcoin address has the same private key as the bitcoin cash address.
in other words if you send bitcoin to a bitcoin cash address or vice versa, you can simply get the bitcoin cash private key, import it in your bitcoin wallet and have access to the coins on bitcoin chain.

although this is only going to work if you have access to the private keys and also as long as these different forks continue to use same keys. things may change in the future (like BCH doesn't have SegWit).

in case you send them to an exchange (a wrong address) it depends on the exchange service to bother recovering the funds or not.

[CodyAlfaridzi]

To claim the bitcoin gold, do I need to hold bitcoincash or bitcoin before the segwit2x?

Bitcoin (BTC) because Bitcoin Gold is a fork from Bitcoin (BTC) not BitcoinCash (BCC). You also need to hold it in your own wallet. If you hold your BTC in some service (exchange, online wallet) they may not give you the ability to claim your fork coin. So keep them in a wallet which you hold its private key. And like OP said, be careful to replay attack. Only make transaction in the forked chain if it has replay protection.

[defc0de]

Yes bro, for safety transfer it first to a new wallet (Bitcoin wallet) after the fork before importing your private keys to the Bitcoin Gold supported wallet. I both left my BTC's in Electrum and Bittrex as they where supported during the Bitcoin Cash fork. One tip though, if Bittrex or any exchange announces support for Bitcoin gold, better to leave it there (I know it's risky) but it's worth it if you can immediately trade the forked coin before people start dumping hard. I had sold my Bitcoin Cash fork for a very high price after it was traded in bittrex but the ones left in Electrum was stucked for several days as there where not enough miners to process the transaction. I ended up selling it for a lower price when it was finally transferred to an exchange.

[Sylogbu]

Is there an idea on what it's probably going to be worth? That is, bitcoin gold

[aizen10]

Yep, you are correct. You need to transfer the balances first to a new BTC wallet then download a BCH-compatible wallet, import your BTC wallet privkeys in there and your balance should magically appear, same as to what you previously had in your BTC wallet. As for your questions on the BTG hard fork, I'm still not entirely sure how would I take advantage of the said event, but am slowly grasping different instructions on how to get my share of the pie. Anyways, here's a topic you can read about the BTG hard fork: https://bitcointalk.org/index.php?topic=2237268.0

thanks for this information, honestly i miss the chance to have/got bitcoincash before, because i dont have enough bitcoin to store on BCH compatible wallet so i think i cant get that bhc, but now i want to get my share in bitcoin gold by storing my bitcoin on BTG compatible wallet, i will visit that link you provided for more information how to get bitcoin gold.

[tradecoin.me]

So after the 25th if I want to securely claim both bitcoin cash and bitcoin gold how should I go about doing that? Because if I claim one of those the other is in danger of relay attacks.