Best place to store bitcoins during the forks

[Jonsnowstark]

Cold storage. That's basically the safest place to store coins whether it be fork or not. If you leave it in freebitco which is governed by a third party, they might not give you your other coin if they don't support it.

[XCANA]

I was watching and reading all about the upcoming forks and where to store your btc during them.
I was wondering if ( i know the asnwer of this question but i wanna duble check with the comunity) is it ok to store btc at freebitco.in during the forks to be safe about your coins. I have read their policy about that and i believe it is the safest bet.
What do you think guys?

The best place to keep your bitcoin during Forks is your blockchain wallet and good exchange company like poloniex and Bittrex, this is because so many people testified that they got money double during the last Fork in August of which that may repeat itself.

[spinnycat]

Yeah Im storing on my ledger but get confused between whether to store in legacy or segwit. I seen the other post regarding it and it recommended store in legacy, so will give that a whirl, cross fingers and hide until its done

[bitart]

Yeah Im storing on my ledger but get confused between whether to store in legacy or segwit. I seen the other post regarding it and it recommended store in legacy, so will give that a whirl, cross fingers and hide until its done

I was also wondering if the segwit address would be OK for the bitcoin gold, but now it's clear that the legacy address is needed for that. Thanks for the info, I have to move some dust from the segwit address to the legacy, every penny counts

[HasHe]

it doesn't matter, during, before, after forks, you should always "store" your coins in cold storage https://en.bitcoin.it/wiki/Cold_storage

anything else is a risky move, and when you leave it with a third party (freebitco.in for example) you are taking a much bigger risk because you are giving up control on your money and that is a risky move.

but if you end up doing it anyways, they will most probably credit your airdrops as they have promised.

Definitely,it would be a risky move.Bitcoin cash was given support by bittrex exchange last time,but this time,till now,no good exchanges or wallets have announced their support for bitcoin gold.So,its not clear how it could be got.So,don't get yourself in to trouble by storing your bitcoins in a wallet of fake company.

[spinnycat]

Yeah Im storing on my ledger but get confused between whether to store in legacy or segwit. I seen the other post regarding it and it recommended store in legacy, so will give that a whirl, cross fingers and hide until its done

I was also wondering if the segwit address would be OK for the bitcoin gold, but now it's clear that the legacy address is needed for that. Thanks for the info, I have to move some dust from the segwit address to the legacy, every penny counts

no probs bitart, if you get a chance look at this bitcointalk post about it:

https://bitcointalk.org/index.php?topic=2214577.new#new

Its confusing for me but the end result seems to be legacy is the way to go for ledger.

If anyone sees an official post from Ledger feel free to correct me, but thats all I have to go on so far.

The official ledger post regarding a split and your btc, is here. Its quite vague.

https://ledger.groovehq.com/knowledge_base/topics/what-about-bitcoin-xt-what-would-happen-in-case-of-a-fork?from_search=true

[limopc]

Ok, apart from malware and hacking, my worry is mainly about the effect of fork, replay protection... etc.

Any difference between paper wallet then importing it after the fork and keeping BTC in the wallet?

I can't see any difference in that respect. The two forks are slightly different as Bitcoin Gold will use different addresses it has replay protection. You will have to take the same precautions with your private keys whatever wallet you use. Make sure you move your BTC to a new wallet after the fork then move the new coins as soon as you can.

So, I understand the following is correct:

1- I will simply keep my BTC in Jaxx mobile wallet.
2- As of 23 October I will not buy, sell, send, recieive or even move or import between wallets or addresses.
3- 1st December I am having “on the ledgers” say 5 BTC and 5 BTG, and 5 B2X
4- I am having my private keys for BTC in Jaxx wallet.

5 BTC are already in my Jaxx wallet.

BTG block chain exists definetly with its own exchange rate

I assume by 1st December the dust would have settled and we have one of the following situations:
1- BTC or B2X is dead and equal zero, that is, one of them will not be existing, the survivor will be called Bitcoin and BTC (whether it is the 1 MB or the new 2 MB), and it will have the same market price of BTC.
2- BTC only exists (so business as usual, as if there was no segwit2x)
3- B2X only exists (so I have 5 airdropped B2X, with its market value, and 5 BTC are gone)
4- Both BTC and B2X coexists, and I have 5 BTC and 5 B2X (it is up to the market to give the price for each, but the market might support B2X for faster confirmation and lower transaction fee), if so, I assume 1 BTC+1 B2X will be equal to roughly the 6000 USD current market price (assuming no price change till then)

Then remains the question about the replay of the transaction, how would I send all my BTC funds on the 1st December to another BTC address in another wallet and be sure it will be received and executed as BTC during the transaction?

I should then after emptying my Jaxx wallet, install a B2X wallet and import the Jaxx wallet so I get the airdropped 5 B2X in it.

Am I correct in this analysis?

Sorry, it is technically complicated for me.

[limopc]

Ok, apart from malware and hacking, my worry is mainly about the effect of fork, replay protection... etc.

Any difference between paper wallet then importing it after the fork and keeping BTC in the wallet?

I can't see any difference in that respect. The two forks are slightly different as Bitcoin Gold will use different addresses it has replay protection. You will have to take the same precautions with your private keys whatever wallet you use. Make sure you move your BTC to a new wallet after the fork then move the new coins as soon as you can.

So, I understand the following is correct:

1- I will simply keep my BTC in Jaxx mobile wallet.
2- As of 23 October I will not buy, sell, send, recieive or even move or import between wallets or addresses.
3- 1st December I am having “on the ledgers” say 5 BTC and 5 BTG, and 5 B2X
4- I am having my private keys for BTC in Jaxx wallet.

5 BTC are already in my Jaxx wallet.

BTG block chain exists definetly with its own exchange rate

I assume by 1st December the dust would have settled and we have one of the following situations:
1- BTC or B2X is dead and equal zero, that is, one of them will not be existing, the survivor will be called Bitcoin and BTC (whether it is the 1 MB or the new 2 MB), and it will have the same market price of BTC.
2- BTC only exists (so business as usual, as if there was no segwit2x)
3- B2X only exists (so I have 5 airdropped B2X, with its market value, and 5 BTC are gone)
4- Both BTC and B2X coexists, and I have 5 BTC and 5 B2X (it is up to the market to give the price for each, but the market might support B2X for faster confirmation and lower transaction fee), if so, I assume 1 BTC+1 B2X will be equal to roughly the 6000 USD current market price (assuming no price change till then)

Then remains the question about the replay of the transaction, how would I send all my BTC funds on the 1st December to another BTC address in another wallet and be sure it will be received and executed as BTC during the transaction?

I should then after emptying my Jaxx wallet, install a B2X wallet and import the Jaxx wallet so I get the airdropped 5 B2X in it.

Am I correct in this analysis?

Sorry, it is technically complicated for me.

Any comments highly appreciated.
Hoping the above calculation holds true and contribute to calming down the nervous people

[alaeddine1azer]

I have small ammounts keeping them in Blockchain and I will see what happens 

[michellee]

I have small ammounts keeping them in Blockchain and I will see what happens 

i can tell you that if you save in blockchain, then you are safe although its not 100% safe but blockchain is not like the other wallet and if you can safe your private keys and all information about blockchain in the save place, then you don't have to be worried. I think you might be want to try other wallet like offline wallet that only installed in your computer without having any connection to internet or you can use paper wallet. there is no need to worried about the fork as long as you safe your bitcoin in the right wallet.

[Images21]

Store them in your safest wallets. It does not matter whether it is during fork or not. Always choose the safest wallet. But if you are looking for wallets that will give you Bitcoin Gold if you have Bitcoins stored in them, then try Kraken and HitBTC. They have already issued their statements that they will give away free Bitcoin Gold. Bittrex has also committed as well but they will not allow Bitcoin Gold in their exchange list.

[Gaaara]

Bittrex already supported the forks, but I don't really know if its okay to store there since they don't recommend Bittrex that much now. But still it is a wise choice to place it there since Bittrex already announce that they will support it, and in fact other thing won't affect you placing there because as I remember lots of the problem was supposed to be about the fees and other stuff.

[Eternu]

I was watching and reading all about the upcoming forks and where to store your btc during them.
I was wondering if ( i know the asnwer of this question but i wanna duble check with the comunity) is it ok to store btc at freebitco.in during the forks to be safe about your coins. I have read their policy about that and i believe it is the safest bet.
What do you think guys?

I think that is as safe place as any. If you agree wth their way of dealing with Bitcoin during the fork, that there is no problem. Personali i use blockchain and i must say that I am more than convinced that my Bitcoins are safe there. I guess that safest place to store your Bicoins would be offline hard drive...

[sofi@]

You can store your bitcoin anywhere you like because the fork will not harm them or somewhat make them disappear the only difference is that some online wallets offer an equivalent value in bitcoin gold and segwit like freebitco.in they did this on the first hard fork which is the bitcoin cash. You can choose to keep it them so you can earn some after the fork.

[sydcrypt]

Any cold hardware storage would support the fork and the complimentary coin that u'd receive, and its the safest place to store. Apart from that reputed exchanges like bitfinex, bitrex etc, have assured that they'd support the fork so if you have plans to store it in their wallets make sure you mail them and enquire to be on the safer side.

[elliottflz65]

I'm going to be storing mine in my electrum wallet because after the fork I won't need to sync it all and it's safer than exchanges.

[ufaiz50]

I was watching and reading all about the upcoming forks and where to store your btc during them.
I was wondering if ( i know the asnwer of this question but i wanna duble check with the comunity) is it ok to store btc at freebitco.in during the forks to be safe about your coins. I have read their policy about that and i believe it is the safest bet.
What do you think guys?

I think saving in place where you are given private key over bitcoin you have, but I save in local exchanges because they support bitcoin gold and I also store in bittrex.

[lucashunter]

I was watching and reading all about the upcoming forks and where to store your btc during them.
I was wondering if ( i know the asnwer of this question but i wanna duble check with the comunity) is it ok to store btc at freebitco.in during the forks to be safe about your coins. I have read their policy about that and i believe it is the safest bet.
What do you think guys?

For the last hard fork, I had my Bitcoin in my Poloniex account and I got the same amount in Bitcoin Cash after the hardfork. So I will always suggest you keep it in Poloniex so you can get your Bitcoin Gold. I hope I will get Bitcoin Gold has I have some Bitcoin already in Poloniex.

[limopc]

Ok, apart from malware and hacking, my worry is mainly about the effect of fork, replay protection... etc.

Any difference between paper wallet then importing it after the fork and keeping BTC in the wallet?

I can't see any difference in that respect. The two forks are slightly different as Bitcoin Gold will use different addresses it has replay protection. You will have to take the same precautions with your private keys whatever wallet you use. Make sure you move your BTC to a new wallet after the fork then move the new coins as soon as you can.

So, I understand the following is correct:

1- I will simply keep my BTC in Jaxx mobile wallet.
2- As of 23 October I will not buy, sell, send, recieive or even move or import between wallets or addresses.
3- 1st December I am having “on the ledgers” say 5 BTC and 5 BTG, and 5 B2X
4- I am having my private keys for BTC in Jaxx wallet.

5 BTC are already in my Jaxx wallet.

BTG block chain exists definetly with its own exchange rate

I assume by 1st December the dust would have settled and we have one of the following situations:
1- BTC or B2X is dead and equal zero, that is, one of them will not be existing, the survivor will be called Bitcoin and BTC (whether it is the 1 MB or the new 2 MB), and it will have the same market price of BTC.
2- BTC only exists (so business as usual, as if there was no segwit2x)
3- B2X only exists (so I have 5 airdropped B2X, with its market value, and 5 BTC are gone)
4- Both BTC and B2X coexists, and I have 5 BTC and 5 B2X (it is up to the market to give the price for each, but the market might support B2X for faster confirmation and lower transaction fee), if so, I assume 1 BTC+1 B2X will be equal to roughly the 6000 USD current market price (assuming no price change till then)

Then remains the question about the replay of the transaction, how would I send all my BTC funds on the 1st December to another BTC address in another wallet and be sure it will be received and executed as BTC during the transaction?

I should then after emptying my Jaxx wallet, install a B2X wallet and import the Jaxx wallet so I get the airdropped 5 B2X in it.

Am I correct in this analysis?

Sorry, it is technically complicated for me.

Any comments highly appreciated.
Hoping the above calculation holds true and contribute to calming down the nervous people

Now, as we already had a fork, would anybody like to review the above “theory” or calculation?

[erickkyut]

I think the best way to keep your Bitcoin during fork is on hard wallet or paper wallet. But since I don't have any of this, I decided to use my Bitcoin to buy more alts during fork because that is the right time to buy more alts due to cheaper prices. I will wait till its prices rise again after the fork. I don't suggest that you keep your Bitcoin on exchange wallets. It is too risky for me. Better to put it in an offline wallet or downloadable wallets if you don't have hard wallets or paper wallets.