Hello,
I am a relatively new investor in Bitcoin, and recently I have been reading about a fork to Bitcoin gold. My understanding is that everyone who owns Bitcoin receives the equivalent number of coins in the forked currency, once the fork takes place. Is this correct?
Do I have to store my Bitcoin in a specific wallet (I might be new, but I'm not stupid enough to send my coin to you ;-) ), or do anything to activate this, or will it happen automatically? (If the fork goes ahead, of course).
Thanks for any advice.
Yes, you will receive the equivalent number of coins you have in your wallet, in a similar way it happened on August 1st with Bitcoin Cash fork. That time many exchanges made all the work, i.e. if you had 1 BTC on such exchanges you received 1 BCH automatically, without any effort made by you. I don't know if things will be the same with this other fork as well. In any case, to be safer, it is better if you put all your coins on a wallet controlled by yourself. Electrum is a very good choice.