Claiming Bitcoin Cash with Electrum Wallet

[faitaccompli]

Ok, so I am going to attempt this today and will go through it step by step in this thread. Hopefully more knowledgeable people than myself can help me do this.

So as I understand it, I need to first move my bitcoins from my electrum wallet (EW#1) into another electrum wallet (EW#2). Then I have to find a bitcoin cash compatible wallet and import my private keys from EW#1.

Also, once I have the bitcoin cash, what is the best way to trade it for BTC? Should I just use an exchange and can someone make a suggestion on which exchange is best for an American to use?

And going back to the bitcoin cash compatible wallet, can anyone make a suggestion on which one to use for that? Electron cash seems like the logical option but the other thread says there are some shady activities associated with it, especially if using the binaries, so I will avoid this option. I was thinking about using btc.com as the wallet to claim the BCC. Can anyone comment on whether this is a good choice or not?

Finally, is it safe to transfer my coins from EW#1 to EW#2 now? Asking this in regards to whether the "dust has settled" after the hard fork.

[faitaccompli]

Ok another question. As far as transferring all my bitcoins from EW#1 to EW#2, is it just a matter of sending from EW#1 and receiving at EW#2? Or is this where sweeping private keys comes into play?

[jackg]

Ok another question. As far as transferring all my bitcoins from EW#1 to EW#2, is it just a matter of sending from EW#1 and receiving at EW#2? Or is this where sweeping private keys comes into play?

You can either send or sweep, either is fine. With electrum is cheaper and probably better to send the coins by hitting "max" first (next to the amounts specified).

Ok, so I am going to attempt this today and will go through it step by step in this thread. Hopefully more knowledgeable people than myself can help me do this.

So as I understand it, I need to first move my bitcoins from my electrum wallet (EW#1) into another electrum wallet (EW#2). Then I have to find a bitcoin cash compatible wallet and import my private keys from EW#1.

Also, once I have the bitcoin cash, what is the best way to trade it for BTC? Should I just use an exchange and can someone make a suggestion on which exchange is best for an American to use?

And going back to the bitcoin cash compatible wallet, can anyone make a suggestion on which one to use for that? Electron cash seems like the logical option but the other thread says there are some shady activities associated with it, especially if using the binaries, so I will avoid this option. I was thinking about using btc.com as the wallet to claim the BCC. Can anyone comment on whether this is a good choice or not?

Finally, is it safe to transfer my coins from EW#1 to EW#2 now? Asking this in regards to whether the "dust has settled" after the hard fork.

Yes use an exchange. Ensure the exchange allows you to deposit and withdraw your BCC. Otherwise, you'll have to wait until that becomes avaliable (I'm not sure who allows this yet though).
Electron cash is fairly shady but if it's your only option then go for it (there are a few other options documented on bitcoincash.org if you want to look at them)? That site will also list the exchanges that will allow you to use bcc on them.

[faitaccompli]

Ok another question. As far as transferring all my bitcoins from EW#1 to EW#2, is it just a matter of sending from EW#1 and receiving at EW#2? Or is this where sweeping private keys comes into play?

You can either send or sweep, either is fine. With electrum is cheaper and probably better to send the coins by hitting "max" first (next to the amounts specified).

Ok, so I am going to attempt this today and will go through it step by step in this thread. Hopefully more knowledgeable people than myself can help me do this.

So as I understand it, I need to first move my bitcoins from my electrum wallet (EW#1) into another electrum wallet (EW#2). Then I have to find a bitcoin cash compatible wallet and import my private keys from EW#1.

Also, once I have the bitcoin cash, what is the best way to trade it for BTC? Should I just use an exchange and can someone make a suggestion on which exchange is best for an American to use?

And going back to the bitcoin cash compatible wallet, can anyone make a suggestion on which one to use for that? Electron cash seems like the logical option but the other thread says there are some shady activities associated with it, especially if using the binaries, so I will avoid this option. I was thinking about using btc.com as the wallet to claim the BCC. Can anyone comment on whether this is a good choice or not?

Finally, is it safe to transfer my coins from EW#1 to EW#2 now? Asking this in regards to whether the "dust has settled" after the hard fork.

Yes use an exchange. Ensure the exchange allows you to deposit and withdraw your BCC. Otherwise, you'll have to wait until that becomes avaliable (I'm not sure who allows this yet though).
Electron cash is fairly shady but if it's your only option then go for it (there are a few other options documented on bitcoincash.org if you want to look at them)? That site will also list the exchanges that will allow you to use bcc on them.

Thanks. I think I'll just send them. I use a cold storage wallet and sweeping looks a bit cumbersome having to export the keys from the offline machine.

As far as the exchange, I would be depositing with BCC and withdrawing with BTC though right?

[faitaccompli]

Hmmm something very strange here.. When I click on "Max" for the amount I want to send, it's topping out at 1.99976402 BTC, so 2 BTC minus the fee. But I have more than 2 BTC in the wallet... So why is it maxing me out at 2? 

[slimsteam.vip]

I think maybe the software electro cash is a scam as I saw my coins and now they disappeared when I turned off the wallet???


Can someone please help me?


Hello I followed this exactly and I did even see 20 BCC in my wallet but was showing a unconfirmed parent warning I closed the wallet and opened it again and the BCC coins disappeared, what can I do, import the keys? or have I been scammed by the software where can I see where the coins were sent too?

Or is there someone sort of delay?

[faitaccompli]

I think maybe the software electro cash is a scam as I saw my coins and now they disappeared when I turned off the wallet???


Can someone please help me?


Hello I followed this exactly and I did even see 20 BCC in my wallet but was showing a unconfirmed parent warning I closed the wallet and opened it again and the BCC coins disappeared, what can I do, import the keys? or have I been scammed by the software where can I see where the coins were sent too?

Or is there someone sort of delay?

Well there is another thread about the electron cash software and there are definitely some shady things associated with it. That is why I decided to stay away from it altogether!

Update: I've successfully got all my bitcoins out of EW#1 and into EW#2. So now I'm going to import my private keys from EW#1 into a btc.com wallet which supports bitcoin cash and hopefully will be able to claim my bitcoin cash from there.

[faitaccompli]

ok well I have run into an obstacle in getting my EW#1 private keys imported into a bitcoin cash compatible wallet. bitcoincash.org lists the following wallets that support bcc: BitcoinABC, bitcoinclassic, bitcoinunlimited, BXT, Ledger, Trezor, Electron Cash and btc.com The btc.com wallet doesn't allow me to import private keys from another wallet so that is out. Ledger and Trezor are hardware wallets. Electron Cash has been discussed in the other thread and it has some security concerns so that is out. The remaining 4 if I'm not mistaken require me to download the entire blockchain. So do I basically have to do that to be able to import my private keys from my electrum wallet? I'd obviously like to do this as fast as possible. Any ideas?

[tex83rb]

i get "transaction rejected by network rules" 16 mandatory script verify flag failed - signature must be zero for failed check-(multi)sig operation

after imported an electrum btc wallet with 2fa into electron cash wallet

and sending bitcoincash coins to another electron cash address.

the bitcoin cash coins are correctly seen but im unable to send them

[jackg]

i get "transaction rejected by network rules" 16 mandatory script verify flag failed - signature must be zero for failed check-(multi)sig operation

after imported an electrum btc wallet with 2fa into electron cash wallet

and sending bitcoincash coins to another electron cash address.

the bitcoin cash coins are correctly seen but im unable to send them

Is this something to do with the fact there isn't actually a block on the network?
If the block height is 0, it's likely your nodes may be waiting for something (or maybe it's just electron cash)...
Anyway, I've got about 8 hours until the lockdown on my coins from an exchange lasts so I'll see if it's a network problem.

[HCP]

i get "transaction rejected by network rules" 16 mandatory script verify flag failed - signature must be zero for failed check-(multi)sig operation
after imported an electrum btc wallet with 2fa into electron cash wallet
and sending bitcoincash coins to another electron cash address.
the bitcoin cash coins are correctly seen but im unable to send them

Is this something to do with the fact there isn't actually a block on the network?

Probably more likely that Electron Cash is not able to support 2FA properly.

BCC transactions are signed in a different way to BTC transactions due to the replay protection. When you use 2FA, it's effectively a multisig that you send to TrustedCoin to sign. They only know BTC so will be signing it as a BTC transaction... so the transaction will be "invalid" on the BCC network, and it will be rejected, hence the error.


If the OP restored using a 2FA seed and disabled the 2FA, I suspect it might be that MultiSig in Electron Cash is broken...

EDIT: Yep... MultiSig in Electron Cash is broken: https://github.com/fyookball/electrum/issues/6

[jackg]

i get "transaction rejected by network rules" 16 mandatory script verify flag failed - signature must be zero for failed check-(multi)sig operation
after imported an electrum btc wallet with 2fa into electron cash wallet
and sending bitcoincash coins to another electron cash address.
the bitcoin cash coins are correctly seen but im unable to send them

Is this something to do with the fact there isn't actually a block on the network?
/quote]
Probably more likely that Electron Cash is not able to support 2FA properly.

BCC transactions are signed in a different way to BTC transactions due to the replay protection. When you use 2FA, it's effectively a multisig that you send to TrustedCoin to sign. They only know BTC so will be signing it as a BTC transaction... so the transaction will be "invalid" on the BCC network, and it will be rejected, hence the error.

OP isn't using a multisig though? I think that's just a plain wallet.
@hcp, did you use electron cash to get yours and have you managed to sign a transaction from it yet (or are you also on a 2FA/multisig wallet?

[HCP]

OP isn't using a multisig though? I think that's just a plain wallet.

2FA IS a MultiSig... it's a 2-of-3, where you have 1 keys... and TrustedCoin has 1... and the 3rd is "hidden" in your seed. Even if you restore a 2FA from seed and disable the 2FA functionality... it is STILL a 2-of-3 wallet... it's just the restore process puts 2 keys into your wallet, so you can provide 2 signatures and don't need TrustedCoin anymore...

@hcp, did you use electron cash to get yours and have you managed to sign a transaction from it yet (or are you also on a 2FA/multisig wallet?

No, I used BitcoinABC...

[jackg]

OP isn't using a multisig though? I think that's just a plain wallet.

2FA IS a MultiSig... it's a 2-of-3, where you have 1 keys... and TrustedCoin has 1... and the 3rd is "hidden" in your seed. Even if you restore a 2FA from seed and disable the 2FA functionality... it is STILL a 2-of-3 wallet... it's just the restore process puts 2 keys into your wallet, so you can provide 2 signatures and don't need TrustedCoin anymore...

@hcp, did you use electron cash to get yours and have you managed to sign a transaction from it yet (or are you also on a 2FA/multisig wallet?

No, I used BitcoinABC...

Oh, so it is essentially multisig then.

And BitcoinABC did look a good option for it (along with bitcoin unlimited).

[faitaccompli]

so anyone have an idea which BCC wallet should I use? I am not going to use electron cash.

[jackg]

so anyone have an idea which BCC wallet should I use? I am not going to use electron cash.

I think all the others require you to have a complete ownload of the blockchain, BitcoinUnlimited i'd suggest is probably the longest running one alng with bitcoinABC - or you could ask for another user to redeem your bitcoin cash for you (make sure they are trusted on this forum).

[john2231]

so anyone have an idea which BCC wallet should I use? I am not going to use electron cash.

Better to check this bitcoincash.org
You can see all wallet supported but i don't guaranteed if you can get your bcc right now since i heard that some wallet is scam and i think better to wait more days before you claim your bcc and if its clarified that the there is a safe wallet to use for bcc and to import private keys. .

[faitaccompli]

Ok waiting appears to be the best option for now. I mean the BCC isn't going anywhere since it's still just there on the blockchain and I own the private keys. I actually don't even have 80 gb of free space to be able to download the blockchain so can't even use those wallets. Also if I'm not mistaken, you can't even trade the BCC at the exchanges yet, though I suspect that should change as time goes by.

[jackg]

Ok waiting appears to be the best option for now. I mean the BCC isn't going anywhere since it's still just there on the blockchain and I own the private keys. I actually don't even have 80 gb of free space to be able to download the blockchain so can't even use those wallets. Also if I'm not mistaken, you can't even trade the BCC at the exchanges yet, though I suspect that should change as time goes by.

If you download a wallet like bitcoinunlimited, you can use the -prune command when you load up the client from the command line (it should use no more than 4gb that way).

[HCP]

so anyone have an idea which BCC wallet should I use? I am not going to use electron cash.

You're going to be waiting a while then... either for someone to make another lightweight BCC wallet... or to download the blockchain using BitcoinABC.

Electron Cash can be run from sources if you're concerned about using the binaries. Just goto github (https://github.com/fyookball/electrum), download the full repo using the "clone or download" button, extract the zip and go from there...

The source is fully open and you can view/audit all the changes made since it was forked from the Electrum repo.

:-)   The bitcoin blockchain is larger than you think - it is now 150 GB, and growing at a rate of 1GB per week (144 blocks per day * 1MB per blocks * 7 = 1GB)  - imagine what it will be when Bitcoin Cash produces 8MB blocks.

Given they're currently mining about 10 blocks a day... a lot smaller than the BTC chain