Hello everyone,
I notice some people still don't know how to claim their bitcoin cash which are created by the fork and what to do with them.
I will explain here step by step how to claim your bitcoin cash doubled balance and how to exchange them into bitcoins.
this is what i did for my balance, so i will explain here how this happens.
i will use empty wallet as example in my explanation.
First Step : Check How Much Bitcoin Cash You HaveVisit this page (Blockchair) :
http://1ink.cc/xVleWrite your wallet address to see how much bitcoin cash available on it.
click on search, you will see 2 results. one for Bitcoin and other for Bitcoin Cash.
from Bitcoin Cash results, click on Bitcoin Cash Address to see details about your wallet.
You will see in this page :
Total unspent (balance) AAAAA BCC
in my example :
Total unspent (balance) 0.03981931 BCC*
Second Step : Claim Your Bitcoin Cash BalanceYou will need any bitcoin cash wallet, i used Electron wallet to get my balance. but you can use any other wallet for bitcoin cash.
You can download Electron cash wallet from here :
http://1ink.cc/ByCzOpen wallet app, it will ask you to create new bitcoin cash wallet :
- Where to save it
- Set password
You can keep all as default, and click next.
You will see your new wallet is empty, with empty history.
You can see History, Send, Receive
in my example there are some transactions are already done before i write this topic.
To import your bitcoin cash wallet address and transfer funds into your wallet app, you will need Private Key for your bitcoin cash wallet which is same to bitcoin wallet private key.
If you don't have private keys for your bitcoin wallet, you should contact your wallet service provider for how to get private key for it.
Now, after getting private key for your bitcoin wallet, which is same to bitcoin cash, you have to sweep it into your Electron wallet.
Click on Wallet > Private Keys > Sweep
Write private key for your wallet, and click on Sweep.
If your wallet has many inputs, it may takes some seconds to 1 minute till it complete balance transfer.
Elecrton app transfer 100 inputs max per sweep.
if your wallet has more than 100 inputs (as like 400 inputs) you will need to sweep it (same private key) 3 or 4 times to transfer all fund on it.
You will need to wait for payment transaction confirmation for each sweep.
After sweeping wallet, you will get confirmation message with amount that is credited to your wallet app.
Click on Broadcast to confirm it.
New confirmation with transaction id will appear, press ok.
Now you can see new payment is received to your bitcoin cash wallet
wait until it gets one confirmation at least to be able to send it into Bittrex site if you want to exchange it into Bitcoins.
Last Step : Exchange Bitcoin Cash (BCC) into Bitcoin (BTC)I used bittrex.com to sell my bitcoin cash and exchange with bitcoins.
you can create account on bittrex from here :
http://1ink.cc/FRKZSignup, confirm account and click on Wallets to see your balances and make Bitcoin Cash Deposit on Bittrex site.
Copy deposit address for your Bitcoin Cash.
Important : Make sure you are making Bitcoin Cash (BCC) deposit, not classic bitcoin. else your deposit will be lost.
Open Electron wallet again (after payment get confirmed) and send new bitcoin cash payment into bittrex.
Wait for your deposit to get confirmed on Bittrex.
You can see when it will be confirmed from Pending Deposits panel on Wallets page (at bittrex).
then need 20 confirmations at this time. you can see how much confirmations your deposit gets in this menu (pending deposits).
After your deposit is confirmed and credited into your Available Bitcoin Cash on bittrex. you are able to sell them into bitcoins now.
To sell your Bitcoin Cash with bitcoins click on Bittrex logo to visit markets page.
pick BTC-BCC market to start your exchange.
from this panel : Sell Bitcoin Cash
write the amount you want to sell, you can click on Max to sell all your bitcoin cash balance.
Price, enter the amount you agree to sell with, if you want to get buyers immediately change price from menu and set to Last.
and click on Sell Bitcoin Cash.
make sure that minimum is 0.005 btc.
once your exchange is complete, you will be able to withdraw your bitcoins again into your bitcoin wallet.
to do this, click on Wallets > Bitcoins > [-]
white your Bitcoin wallet address to withdraw your exchanged fund and get the profits from your bitcoin cash.
there is 0.001 btc withdraw fee from bittrex for transaction confirmation.
hope this was helpful, if you get any problem please post your question here and i will reply it when i have time.
Good luck everyone, enjoy your extra bitcoin rewards
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If you find this helpful, please send me any donation for the time i spent to write all this
Bitcoin and Bitcoin Cash donates are approved on same wallet :
1ab3REU5L2x23oHqZWbCxPvZFyBFnfid5
I think that this is not the only way to exchange your cash into fiat because there are countries who does not ban bitcoins in their area but your steps are also good enough to orient every people. Here in my country , We have our own exchanger of bitcoins to fiat because government does not really care about cryptocurrency and it does not affect the community. Only the banks has the problem on it because they lose some of their investors.
