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Author Topic: I have Electrum. How to sell BCC?  (Read 3106 times)
evergrow
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July 31, 2017, 09:34:19 PM
 #1

I have BTC in my Electrum client. How do I get my BCC and when can I sell it where?


Thank you

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Siren
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July 31, 2017, 10:10:39 PM
 #2

Here is the full text release by coming from Electrum:

Recommendation on how to redeem Bitcoin Cash
============================================

July 31st, 2017.

Electrum is a Bitcoin wallet created by Thomas Voegtlin in 2011.
Electrum is distributed by Electrum Technologies GmbH, a company
registered in Germany, using the website https://electrum.org


Electrum users who are not interested in Bitcoin Cash do not need to
worry nor to take any particular action. The following note is only
for users who want to access their Bitcoin Cash (BCC).

"Electron Cash" is a fork of Electrum for Bitcoin Cash. Electron Cash
is not endorsed by Electrum. It is open source, and binaries
(executables files) are available for Windows, OSX and
Android. However, when you run binaries instead of source code, you
have no guarantee that they match the source code. This is why wallet
binaries are usually signed by developers. A digital signature engages
the responsability of the person who signs.

The person who distributes the Electron Cash binaries has decided to
remain anonymous, and uses the fake name "Jonald Fyookball" in order
to sign Electron Cash binaries. Thus, if these binaries contain code
that is designed to steal your bitcoins, the author of the theft will
be anonymous and walk away safely with your funds.

This danger is exacerbated by the fact that the default behaviour of
Electron Cash is to silently copy all your Electrum wallets into its
own directory. Thus, if you run Electron Cash on a machine where you
previously used Electrum, all your pre-existing wallets will be
available in Electron Cash, and you will only need to enter your
password in order to expose your bitcoins to potential theft.

Therefore, users who want to run the Electron Cash binaries should do
it on a separate same machine, that does not have their Bitcoin
wallet. We recommend to proceed as follows:

 1. Install Electrum 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.

https://electrum.org/bcc2.txt

craZyLovE0916
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July 31, 2017, 10:15:05 PM
 #3

I have BTC in my Electrum client. How do I get my BCC and when can I sell it where?


Thank you

First off, you must have your Bitcoin in your own wallet. Make sure it is not on any 3rd party exchange(s), and you have your private key(s).

Secondly, there are plenty of exchanges who are adding support for BCC. Simply Google "exchanges with BCC", and I am sure you will find one.

Third, simply deposit your BCC to said exchange and sell them.


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Fesatmas
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July 31, 2017, 10:23:44 PM
 #4

I have BTC in my Electrum client. How do I get my BCC and when can I sell it where?


Thank you
Just waiting for hardfork done and you will get your BTC hopely the split will be completed. And you actually can selling your BCC in any exchanger who accept BCC in their exchange.


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Soutogu
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July 31, 2017, 10:31:57 PM
 #5

Here is the full text release by coming from Electrum:

Recommendation on how to redeem Bitcoin Cash
============================================

July 31st, 2017.

Electrum is a Bitcoin wallet created by Thomas Voegtlin in 2011.
Electrum is distributed by Electrum Technologies GmbH, a company
registered in Germany, using the website https://electrum.org


Electrum users who are not interested in Bitcoin Cash do not need to
worry nor to take any particular action. The following note is only
for users who want to access their Bitcoin Cash (BCC).

"Electron Cash" is a fork of Electrum for Bitcoin Cash. Electron Cash
is not endorsed by Electrum. It is open source, and binaries
(executables files) are available for Windows, OSX and
Android. However, when you run binaries instead of source code, you
have no guarantee that they match the source code. This is why wallet
binaries are usually signed by developers. A digital signature engages
the responsability of the person who signs.

The person who distributes the Electron Cash binaries has decided to
remain anonymous, and uses the fake name "Jonald Fyookball" in order
to sign Electron Cash binaries. Thus, if these binaries contain code
that is designed to steal your bitcoins, the author of the theft will
be anonymous and walk away safely with your funds.

This danger is exacerbated by the fact that the default behaviour of
Electron Cash is to silently copy all your Electrum wallets into its
own directory. Thus, if you run Electron Cash on a machine where you
previously used Electrum, all your pre-existing wallets will be
available in Electron Cash, and you will only need to enter your
password in order to expose your bitcoins to potential theft.

Therefore, users who want to run the Electron Cash binaries should do
it on a separate same machine, that does not have their Bitcoin
wallet. We recommend to proceed as follows:

 1. Install Electrum 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.

https://electrum.org/bcc2.txt

The Electron Cash thing is very serious, and i'd follow those 4 steps very diligently if i were you - Don't risk your bitcoins because you're too lazy to do some light workaround.

And as other have mentionded, there are plenty of exchanges (most of them) who released statements saying they'll support BCH and will give you bitcoin cash in a 1:1 ratio for your BTC pre-fork. Read up on those and transfer your coins from electrum to their site - this is by far the easiest method of getting your BCH (and you'd already have your funds on an exchange to sell them since thats what it seems like you wanna do).
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July 31, 2017, 10:38:31 PM
 #6

So if I move everything out of electrum after fork, I will still be able to use those keys to be claimed on bch any time in future, is it right? even years later?
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July 31, 2017, 10:43:41 PM
 #7

Be very careful what you do and move. You may cause a replay attack vector and lose your BTC.

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July 31, 2017, 11:41:33 PM
 #8

Be very careful what you do and move. You may cause a replay attack vector and lose your BTC.

My suggestion is better to wait it after all this hardfork processed as its better we are looking for a safe road course for our BTC than later lost in the middle of the road, bother affairs
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July 31, 2017, 11:44:26 PM
 #9

I personally don't care about this whole fork issue. Why? BEcause BCC is going to be worth less than BTC anyways...

I am just going to chill with the Bitcoin I have and not stress out about it.


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August 01, 2017, 01:47:18 AM
 #10

Later, when the hard fork process ends, you will get a free BCC and immediately redeem it in yobit or livecoin and you can also get some cheap BCC there. The trading process is live now.


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August 01, 2017, 01:56:53 AM
 #11

So if I move everything out of electrum after fork, I will still be able to use those keys to be claimed on bch any time in future, is it right? even years later?

Yes.  By this description your private keys before split contain the altcoin.  I think you will always be able to redeem the bcc as long as it lives.  Good for hodlers to know if in the future BCC  becomes huge.  I think it will die right away as I have not read any viable reasons why it will live.
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August 01, 2017, 01:57:56 AM
 #12

Later, when the hard fork process ends, you will get a free BCC and immediately redeem it in yobit or livecoin and you can also get some cheap BCC there. The trading process is live now.
They're just offering some IOU futures token if I'm not mistaken.   They've done
that before and the real thing may not be close in price to the token.
I'm not stressed about the whole issue either, but I just want to see it over and done
with.  Couldn't care less about bcc other than getting some for free.
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August 02, 2017, 12:02:10 AM
 #13

Later, when the hard fork process ends, you will get a free BCC and immediately redeem it in yobit or livecoin and you can also get some cheap BCC there. The trading process is live now.
They're just offering some IOU futures token if I'm not mistaken.   They've done
that before and the real thing may not be close in price to the token.
I'm not stressed about the whole issue either, but I just want to see it over and done
with.  Couldn't care less about bcc other than getting some for free.

So will it be forever or no?  Can you always claim Bcc if you had Btc?
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