Bitcoin Forum
November 19, 2017, 12:22:04 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Looking for help preparing to sell bitcoin gold (beginner)  (Read 326 times)
mls151
Newbie
*
Offline Offline

Activity: 8


View Profile
November 04, 2017, 08:54:34 AM
 #1

Hi, like i said I'm a total beginner, all I know is how to send and receive basically.
Is there anyone who can explain to me STEP-BY-STEP how I should prepare myself to claim and sell the BTG once the mainnet goes live?

I already wrote down my private keys, and if I'm right I should import these in Coinomi (for example) to claim and then sell them on a exchange right?
I read somewhere on this forum that it is advised to move your BTC to a new wallet (within Electrum) or sweeping etc before importing your private keys anywhere...?
I'm a little confused on what to do (or how) (moving/sweeping/...) so if anyone could help me out here that would be great. I don't want to lose my BTC by doing something stupid.
Thanks in advance.
1511094124
Hero Member
*
Offline Offline

Posts: 1511094124

View Profile Personal Message (Offline)

Ignore
1511094124
Reply with quote  #2

1511094124
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
Aura
Sr. Member
****
Offline Offline

Activity: 252



View Profile
November 04, 2017, 09:10:25 AM
 #2

As far as I know there is still no desktop wallet released for Bitcoin Gold.
So you should use there website to claim your coins.
The best and safest way to do it:

1. Transfer your current Bitcoins to a new wallet, preferably paper, hardware or desktop wallet.
2. Write down your new wallet private key and store it somewhere safe in your house. (Don't save it digital)
3. Wait till you have at least 6 confirmations and then import or fill your old private key in the BTG claim website https://www.btcgpu.org/ .

That's all, I'm not sure if btcgpu is the only way to claim them, as I didn't do it myself. But you could try the Coinomi wallet, they might be able to give you access to your Bitcoin Gold. If you want to do it that way, make sure to use the same steps as I mentioned but in step 3 use Coinomi instead of btcgpu.org

mls151
Newbie
*
Offline Offline

Activity: 8


View Profile
November 04, 2017, 10:21:10 AM
 #3

I'm not sure I trust that website, looks like a scam..especially with the countdown timer..
Either way I'm not comfortable with putting my private keys on some website.

But what I really want to know is how to move/transfer to a new wallet, like 1-do this 2-do that 3-...(im using Electrum only)
I'm confused with the 'sweeping' and the moving etc...?
HCP
Sr. Member
****
Offline Offline

Activity: 420

<insert witty quote here>


View Profile
November 04, 2017, 10:25:25 AM
 #4

3. Wait till you have at least 6 confirmations and then import or fill your old private key in the BTG claim website https://www .btgcpu.org/ <- SCAM WEBSITE DO NOT CLICK!

That's all, I'm not sure if btgcpu is the only way to claim them, as I didn't do it myself. But you could try the Coinomi wallet, they might be able to give you access to your Bitcoin Gold. If you want to do it that way, make sure to use the same steps as I mentioned but in step 3 use Coinomi instead of btgcpu.org
The official website was btcgpu.org... Not "btgcpu"

They have since moved the official Bitcoin Gold website to http://bitcoingold.org/ <- OFFICIAL BTG website

DO NOT use btgcpu website... DO NOT create Wallet there... DO NOT put any private keys or seed into that website!! It is a SCAM


But what I really want to know is how to move/transfer to a new wallet, like 1-do this 2-do that 3-...(im using Electrum only)
I'm confused with the 'sweeping' and the moving etc...?
It'll be really easy... When BTG actually launches, (they're only on day 2 of testnet testing... They haven't launched the BTG network yet!) They are going to release an Electrum port that works for BTG.

So it will be just like the BCH fork... You can simply import a copy of your BTC Electrum wallet into BTG Electrum and you'll be good to go!

NOTE: Moving BTC isn't strictly required, it is just recommended. The ONLY reason people advise to move your BTC to a new wallet, is to prevent theft of your BTC should the BTG wallet you attempt to use turn out to be rogue and it sends your seed or private keys to a thief. If you have already moved your BTC to a new wallet, the thief can't get them, only your BTG.

Moving BTC isn't required for this fork, as full 2way replay protection has been implemented.

mls151
Newbie
*
Offline Offline

Activity: 8


View Profile
November 04, 2017, 10:41:47 AM
 #5

I see thank you. But I got a feeling a lot of people will want to sell their BTG, so it probably will become worthless very quick..
Therefore I would like to be ready to sell it as quick as possible Smiley

So how do you actually move your BTC?
HCP
Sr. Member
****
Offline Offline

Activity: 420

<insert witty quote here>


View Profile
November 04, 2017, 10:53:13 AM
 #6

The same way you "move" BTC normally... Just create a transaction that sends your BTC to a new wallet.

So it goes:
1. Create a new wallet
2. Send BTC from old wallet to new wallet
3. There is no step 3.

mls151
Newbie
*
Offline Offline

Activity: 8


View Profile
November 04, 2017, 11:23:57 AM
 #7

OK so a couple more questions Smiley  (just trying to learn more/understand)

1- should one best pick a 'standard' wallet or one with 'two factor auth'? (Probably two factor?)
2- at the option screen to create new seed, you can also use public/private keys? What does the latter mean/do?
3- when or why do you use the 'sweep' function?

Thank you.
Aura
Sr. Member
****
Offline Offline

Activity: 252



View Profile
November 04, 2017, 12:02:15 PM
 #8

3. Wait till you have at least 6 confirmations and then import or fill your old private key in the BTG claim website https://www .btgcpu.org/ <- SCAM WEBSITE DO NOT CLICK!

That's all, I'm not sure if btgcpu is the only way to claim them, as I didn't do it myself. But you could try the Coinomi wallet, they might be able to give you access to your Bitcoin Gold. If you want to do it that way, make sure to use the same steps as I mentioned but in step 3 use Coinomi instead of btgcpu.org
The official website was btcgpu.org... Not "btgcpu"

They have since moved the official Bitcoin Gold website to http://bitcoingold.org/ <- OFFICIAL BTG website

DO NOT use btgcpu website... DO NOT create Wallet there... DO NOT put any private keys or seed into that website!! It is a SCAM


But what I really want to know is how to move/transfer to a new wallet, like 1-do this 2-do that 3-...(im using Electrum only)
I'm confused with the 'sweeping' and the moving etc...?
It'll be really easy... When BTG actually launches, (they're only on day 2 of testnet testing... They haven't launched the BTG network yet!) They are going to release an Electrum port that works for BTG.

So it will be just like the BCH fork... You can simply import a copy of your BTC Electrum wallet into BTG Electrum and you'll be good to go!

NOTE: Moving BTC isn't strictly required, it is just recommended. The ONLY reason people advise to move your BTC to a new wallet, is to prevent theft of your BTC should the BTG wallet you attempt to use turn out to be rogue and it sends your seed or private keys to a thief. If you have already moved your BTC to a new wallet, the thief can't get them, only your BTG.

Moving BTC isn't required for this fork, as full 2way replay protection has been implemented.
I'm sorry for referring to a scam site, I somehow got there by Twitter.
I have edited the post to the right link, thanks for letting me know.

HCP
Sr. Member
****
Offline Offline

Activity: 420

<insert witty quote here>


View Profile
November 04, 2017, 09:44:37 PM
 #9

1- should one best pick a 'standard' wallet or one with 'two factor auth'? (Probably two factor?)
It depends. "Standard" creates a 'normal' HD wallet, that can be backed up with a 12 word seed. It allows for setting a wallet password and wallet file encryption. It will generate standard '1' type Bitcoin addresses. These can be used to sign messages and are easily exported if required.

A "2 factor" wallet gives the added security of requiring a Google Authenticator 2FA code to send transactions etc, however this uses a third party (TrustedCoin) who charge a fee for providing this service (NOTE: 2FA fee is in addition to normal BTC transaction fee!). Also, it is a special version of a MultiSig wallet, so it generates '3' type addresses which means it is difficult to sign messages and/or export keys/addresses. They (2FA) will likely NOT be supported in any forks (TrustedCoin don't support BCH and I doubt they will support BTG).

If your goal is max compatibility, I'd recommend "standard".


2- at the option screen to create new seed, you can also use public/private keys? What does the latter mean/do?
It will create a non-HD wallet, by importing public or private keys that have been generated elsewhere. They will NOT be able to be backed up with 12 word seed.

If you use public keys, it generates a "watching only" wallet... Can view but can't spend.


3- when or why do you use the 'sweep' function?
Instead of importing a private key into your wallet... You can 'sweep'... This simply creates a one off transaction that transfers the entire contents of a private key (or keys) to a specified address. Normally used to retrieve coins from a paperwallet into your HD Electrum wallet... But can be used with any private key from any wallet.

NOTE: You should consider any private key that has been "swept" as compromised and any associated addresses with that private key should not be used again.

mls151
Newbie
*
Offline Offline

Activity: 8


View Profile
November 05, 2017, 12:41:18 PM
 #10

Thanks for explaining.
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!