BillyBobZorton (OP)
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July 30, 2017, 04:30:45 PM |
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In case you haven't seen this, there is a fake "Electrum Cash" wallet going around, and I wouldn't trust that at all because it's not approved by the official Electrum team. Electrum has delivered the following statement: https://electrum.org/bcc.txtSo given that there is no official support, I only see the www.bitcoincash.org full node as the only option to access your BCC. My question is, if you have your coins on your Electrum wallet, and if you don't have enough time to download the blockchain before August 1st to get a full Core client running then get the coins on the full BCC client (I see a lot of people saying that they can't do it in time), then how can these people access their BCC? As far as I know you can't import the seed from Electrum into Bitcoin Core (even tho it supports HD format now so im not sure) I also heard importing private keys is not safe and you should avoid that. What's the solution then to access these coins?
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DocSnyd3r
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July 30, 2017, 04:43:25 PM |
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After 1.8 create new wallet in Electrum with new seed. Move all your Bitcoins to safety there. Get a Bitcoin Cash wallet and import a private key there since your Bitcoins are moved you can in the worst case lose you BCH.
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3ADZdEawDgfhcHaXzZorX1aVxv7s2Ppv9e (beer BTC)
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olubams
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July 30, 2017, 04:53:04 PM |
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At this point, everything seems dicey with several questions begging for answers which I am of the opinion is dependent on the eventuality that the fork happens on August 1. Aside that, when this happen I know there will be ways to go about it without too much hassle and over speculation that this will bring about. For me, I will rather wait for more information on the forum and other reputable site before knowing the next course of action. In case you haven't seen this, there is a fake "Electrum Cash" wallet going around, and I wouldn't trust that at all because it's not approved by the official Electrum team. Electrum has delivered the following statement: https://electrum.org/bcc.txtSo given that there is no official support, I only see the www.bitcoincash.org full node as the only option to access your BCC. My question is, if you have your coins on your Electrum wallet, and if you don't have enough time to download the blockchain before August 1st to get a full Core client running then get the coins on the full BCC client (I see a lot of people saying that they can't do it in time), then how can these people access their BCC? As far as I know you can't import the seed from Electrum into Bitcoin Core (even tho it supports HD format now so im not sure) I also heard importing private keys is not safe and you should avoid that. What's the solution then to access these coins?
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DooMAD
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July 30, 2017, 05:06:01 PM Last edit: August 01, 2017, 12:02:24 PM by DooMAD |
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Lightweight or SPV clients like Electrum and MultiBit (but stop using MultiBit ASAP if you currently use that) don't enforce network rules or validate transactions and merely follow the longest chain. So if, in the infinitesimally unlikely event, BCC did somehow manage to build the longest chain, Electrum users would only be able to access BCC and not their normal bitcoins (unless they export/import their keys). It often surprises me that not everyone realises SPV clients work like this. However, in the far, far more likely event that BCC doesn't build the longest chain, the only way Electrum users can access BCC is to export their keys and import them to another client supporting BCC //DOUBLE EDIT: The method arwani1985 posted below is almost certainly easier and doesn't involve messing about with keys, do that instead and just use the rest of this post as a guide for exporting keys for backup purposes. (and as the OP has mentioned, select your software carefully as there are wallet clients which could potentially have been created to take advantage of unsuspecting users, we don't know how legitimate these new wallets are yet). There are indeed some security risks involved when handling the private keys directly, which is why your wallet software doesn't normally store them in that raw format. Make sure your PC, or whatever device you're using, is 100% clear of spyware or keylogging malware before you export your keys. It's also generally suggested to do it whilst disconnected from the internet, just in case. From the menu, it's: Wallet -> Private Keys -> Export -> *enter password* Once you're done importing them to the new wallet client, don't leave the private keys lying around, unless they're stored securely somewhere offline as a passworded backup, which is actually recommended. Your device could get infected in future, so you don't want attackers gaining access to your keys just sitting there in the open. You can do all of this at any point after the fork if you choose. You only have to download the blockchain in your new client before August 1st if you're in a hurry to dump, although I'm guessing many are hoping to do just that.//EDIT: The Electron Cash wallet appears to be the work of the forum's very own Jonald Fyookball
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mrayazgul
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July 30, 2017, 05:16:01 PM |
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I wonder why would anyone like to access BCC via Electurm? It is a small chain by viabtc and i think very few people will support it and it will be mixed with altcoins in the near future. Current BTC is the only real bitcoin which will always be the best one.
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fred dave
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July 30, 2017, 05:19:20 PM |
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I am Electrum user and i worry too that i cant access my BCC after the split, i hope someone can help about this, what we have to do exactly
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BillyBobZorton (OP)
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July 30, 2017, 06:48:52 PM |
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After 1.8 create new wallet in Electrum with new seed. Move all your Bitcoins to safety there. Get a Bitcoin Cash wallet and import a private key there since your Bitcoins are moved you can in the worst case lose you BCH.
But it has always been said that you should never export your private keys, you should always just make the transaction. For example i the bitcoin Core software, all of this stuff is hidden and you need to do it with the command line because for security reasons they don't want to make it easy for the end user. This is not my problem by the way, im just trying to know what would happen if I had it on the Electrum wallet. Luckily I did my homework and I have all of my stuff ready for the fork. I guess there's no way out and one should follow Doomad guideline's if you want to do this ASAP to be able to dump.
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maeusi
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July 30, 2017, 07:08:53 PM |
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In case you haven't seen this, there is a fake "Electrum Cash" wallet going around, and I wouldn't trust that at all because it's not approved by the official Electrum team. Electrum has delivered the following statement: https://electrum.org/bcc.txtSo given that there is no official support, I only see the www.bitcoincash.org full node as the only option to access your BCC. My question is, if you have your coins on your Electrum wallet, and if you don't have enough time to download the blockchain before August 1st to get a full Core client running then get the coins on the full BCC client (I see a lot of people saying that they can't do it in time), then how can these people access their BCC? As far as I know you can't import the seed from Electrum into Bitcoin Core (even tho it supports HD format now so im not sure) I also heard importing private keys is not safe and you should avoid that. What's the solution then to access these coins? Looks, like you can gain bcc also in electrum in a quite easy way. As preposters already descriped, you should create a new electrum wallet as I understand the step by step tutorial, I found here: https://www.google.com/amp/s/amp.reddit.com/r/Electrum/comments/6pu0lo/claiming_bcc_from_existing_electrum_wallet/
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pooya87
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July 30, 2017, 07:48:49 PM |
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if you want to dump fast then you have to take the risk of leaving your coins on exchanges that have promised to give you your tokens and also start the market for trading. otherwise as ThomasV suggested you must empty your wallet first (emphasis on wallet not key) and then import that wallet in cash client. https://bitcointalk.org/index.php?topic=2054046.0
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DocSnyd3r
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July 30, 2017, 08:06:53 PM |
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After 1.8 create new wallet in Electrum with new seed. Move all your Bitcoins to safety there. Get a Bitcoin Cash wallet and import a private key there since your Bitcoins are moved you can in the worst case lose you BCH.
But it has always been said that you should never export your private keys, you should always just make the transaction. For example i the bitcoin Core software, all of this stuff is hidden and you need to do it with the command line because for security reasons they don't want to make it easy for the end user. This is not my problem by the way, im just trying to know what would happen if I had it on the Electrum wallet. Luckily I did my homework and I have all of my stuff ready for the fork. I guess there's no way out and one should follow Doomad guideline's if you want to do this ASAP to be able to dump. Yes you should never export the keys or seed (except for backup). But this is an exception since you moved your Bitcoin away and are never using the old wallet again. Wait for enough confirmation before you export stuff and read here if something unexpected happened.
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3ADZdEawDgfhcHaXzZorX1aVxv7s2Ppv9e (beer BTC)
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Lakeluke_again
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August 01, 2017, 03:34:04 AM |
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As per the official release notes on Electrum: https://electrum.org/bcc.txtI'm glad i found this, as it mentions that this should be done "after" the fork. How to redeem my BCC? --------------------- BCC wallets will require you to import your seed or your private keys, which can be exported from Electrum. Doing so will expose all your Bitcoin funds associated with that seed to the BCC wallet you decide to use. Therefore, *after* the BCC fork, but *before* you enter a seed or private key in a BCC wallet, you should move all your funds to a new Electrum wallet, with a new seed. You will still be able to use the old seed or private key with BCC, because BCC has replay protection. Wait until your funds are confirmed in your new Bitcoin wallet, before you enter the old private key in a BCC wallet. This will protect your BTC funds from rogue/untrusted software. This link also explains the procedure in more detail: https://www.reddit.com/r/Electrum/comments/6pu0lo/claiming_bcc_from_existing_electrum_wallet/
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LouVandetta
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August 01, 2017, 03:55:52 AM |
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Yes you should never export the keys or seed (except for backup). But this is an exception since you moved your Bitcoin away and are never using the old wallet again. Wait for enough confirmation before you export stuff and read here if something unexpected happened.
I just know that we could access BCH through electrum. So if we move all of our bitcoin in the new wallet it's all safe and then doing the stuff you've mentioned. But it's a bit risky, isn't it? I wonder why would anyone like to access BCC via Electurm? It is a small chain by viabtc and i think very few people will support it and it will be mixed with altcoins in the near future. Current BTC is the only real bitcoin which will always be the best one.
That's true, but we don't know what the future holds. There might be an upside down or...
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libert19
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August 01, 2017, 04:04:28 AM |
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You can import private keys in coinomi wallet (first you'll need to get over that its mobile wallet) and supports BCC too, they just rolled out update.
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| | . .Duelbits. | │ | ..........UNLEASH.......... THE ULTIMATE GAMING EXPERIENCE | │ | DUELBITS FANTASY SPORTS | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ████████████████▀▀▀ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | . ▬▬ VS ▬▬ | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ███████████████████ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | /// PLAY FOR FREE /// WIN FOR REAL | │ | ..PLAY NOW.. | |
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arwani1985
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August 01, 2017, 11:21:04 AM |
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1. Install Electron Cash on a machine that does not have your Electrum wallets.
2. Wait until the BCC hard fork has taken place, and a few BCC blocks have been mined.
3. Move all your Electrum funds to a new Electrum wallet. This will move only your BTC, and not your BCC, because the BCC blockchain has replay protection. Wait until the transaction is confirmed.
4. Enter the seed of your (now empty) old wallet or private keys in Electron Cash. Since the BTC have been moved to a new wallet, entering your old seed in Electron Cash will not put your BTC funds at risk.
Following these 4 easy steps you will be able to access your BCC without compromising your BTC.
what is electron cash?
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batako
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August 01, 2017, 11:37:42 AM |
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1. Install Electron Cash on a machine that does not have your Electrum wallets.
2. Wait until the BCC hard fork has taken place, and a few BCC blocks have been mined.
3. Move all your Electrum funds to a new Electrum wallet. This will move only your BTC, and not your BCC, because the BCC blockchain has replay protection. Wait until the transaction is confirmed.
4. Enter the seed of your (now empty) old wallet or private keys in Electron Cash. Since the BTC have been moved to a new wallet, entering your old seed in Electron Cash will not put your BTC funds at risk.
Following these 4 easy steps you will be able to access your BCC without compromising your BTC.
what is electron cash?
But I want to ask about the first step. Why we have to install Electron Cash in a device that doesn't have our Electrum wallet? To be honest, I use electrum and have some satoshi in it but I have only one device. Is there any better solution for me?
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CryptosapienZA
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August 01, 2017, 11:41:23 AM |
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You can import private keys in coinomi wallet (first you'll need to get over that its mobile wallet) and supports BCC too, they just rolled out update.
You can? I looked everywhere for the private keys on the Coinomi mobile wallet. I ended up transfering my coins to Exodus.
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csmcc
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August 01, 2017, 11:44:27 AM |
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I have only one device Set up a VM.
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Wendigo
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August 01, 2017, 12:02:22 PM |
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Electron Cash has an Android APK file listed in the OS versions and I guess it's a light weight wallet so if you have an old Android device lying around and don't want to mess with downloading whole blockchains it's an option to move your BCC coins quickly around.
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Xavofat
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August 01, 2017, 12:08:30 PM |
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I made a thread before about "Electrum Cash" (later renamed to "Electron Cash") here. The altcoin versions are also not endorsed by them, by Electrum were okay with them because they're properly distinct from Bitcoin rather than being forks. After 1.8 create new wallet in Electrum with new seed. Move all your Bitcoins to safety there. Get a Bitcoin Cash wallet and import a private key there since your Bitcoins are moved you can in the worst case lose you BCH.
But it has always been said that you should never export your private keys, you should always just make the transaction. If you export them to reasonably secure wallets and your computer doesn't have malware, you should be fine. You only need the coins in there for a couple of hours to send to an exchange anyway.
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audaciousbeing
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August 01, 2017, 12:10:56 PM |
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I think there should be a tutorial on this issue of moving to BCC in the event that the fork happens which is few minutes from now because all this process seems confusing to someone like me who is not any where been a techie to understand how it works even the statement release by Electrum does not help matter. Is there no way where you generate address on a wallet then send your BTC to which will then divide it into BCC and BTC and from there you choose which one you want to spend. Or in the case of electrum, it just show the break down of both BCC and BTC just like having two wallets in one identifier.
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