Bitcoin Forum
November 17, 2018, 08:32:55 PM *
News: Latest Bitcoin Core release: 0.17.0 [Torrent].
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Tranfsfer old btc address to cold storage (btc & bch)  (Read 58 times)
bitn00b72
Newbie
*
Offline Offline

Activity: 4
Merit: 0


View Profile
January 18, 2018, 02:25:35 PM
 #1

Hi I have question regarding transfer my bitcoin fund to new cold wallet. This is address legacy address from 2014 that never been touched since.  For security reson  I want to send all my funds to  cold storage with open possibility claim all forks  later.   

This is my plan what I and please correct me if you see something wrong with my process of thinking. I do not want screw up something because that might be very costly. 

1. Generate cold storage address downloaded from  bitaddress.org to offline computer.  Can I still use this site ? As far as I know same legacy address (beginning with 1)  still can be used on both sides ( BTC and BCH).
I want to keep things simple use preferably use same address for BTC and BCH. Is there any disadvantage beside slightly less  fee by using segwit address on BTC side Huh  I somehow trust  bitaddress.org to generate truly random passwords because that site been around for  long time.

2. Download and install electrum wallet (this Is wallet I am most familiar with) from https://electrum.org/#download

3. Import private key to electrum wallet ( I don't see need to generate new adress and swipe pk to that since I will be transferring my fund to cold storage address generated in step 1

4 Transfer BTC to new cold storage address ( What site I can use to properly estimate fee ?)
Is that true that I can use really small fee because I transfer between my 2 accounts and in worst case scenario ( insufficient fee) transfer will be canceled and funds returned to  source adrress ?

5. Download electron cash from  https://www.electroncash.org/ import PK I transfer fund to key generated in pkt 1 Some people claim that is much safer to first transfer BTC and after that BCH.


6. I believe after transfer I can still claim  all posible  btc and bch forks ( bitcoin gold etc.) in future ?

1542486775
Hero Member
*
Offline Offline

Posts: 1542486775

View Profile Personal Message (Offline)

Ignore
1542486775
Reply with quote  #2

1542486775
Report to moderator
1542486775
Hero Member
*
Offline Offline

Posts: 1542486775

View Profile Personal Message (Offline)

Ignore
1542486775
Reply with quote  #2

1542486775
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1542486775
Hero Member
*
Offline Offline

Posts: 1542486775

View Profile Personal Message (Offline)

Ignore
1542486775
Reply with quote  #2

1542486775
Report to moderator
TryNinja
Hero Member
*****
Offline Offline

Activity: 826
Merit: 801


ChipMixer's Badge of Honor


View Profile
January 18, 2018, 04:02:23 PM
 #2

1. Generate cold storage address downloaded from  bitaddress.org to offline computer.  Can I still use this site ? As far as I know same legacy address (beginning with 1)  still can be used on both sides ( BTC and BCH).
Yes.

I want to keep things simple use preferably use same address for BTC and BCH. Is there any disadvantage beside slightly less  fee by using segwit address on BTC side Huh  I somehow trust  bitaddress.org to generate truly random passwords because that site been around for  long time.
AFAIK no. You can keep using a legacy address.

2. Download and install electrum wallet (this Is wallet I am most familiar with) from https://electrum.org/#download
Good choice! Also verify the file signatures if you want maximum security[1].

4 Transfer BTC to new cold storage address ( What site I can use to properly estimate fee ?)
I like to use this one: https://coinb.in/#fees

Is that true that I can use really small fee because I transfer between my 2 accounts and in worst case scenario ( insufficient fee) transfer will be canceled and funds returned to  source adrress ?
Yes. If you are not in a hurry, you can use the fee you want and if there is no confirmation after a long time, you will be able to spend them again from your old wallet.

5. Download electron cash from  https://www.electroncash.org/ import PK I transfer fund to key generated in pkt 1 Some people claim that is much safer to first transfer BTC and after that BCH.
I would prefer to use a different address for each coin (if you are planning to use the same pk from your BTC wallet).

6. I believe after transfer I can still claim  all posible  btc and bch forks ( bitcoin gold etc.) in future ?
Only the ones that will happen in the future. Bitcoin Gold/Diamond already happened. So they were given to the address holding the coins when the fork happened.


[1] https://steemit.com/bitcoin/@jklepatch/how-to-verify-the-integrity-of-electrum-wallet-executable-on-windows

bitn00b72
Newbie
*
Offline Offline

Activity: 4
Merit: 0


View Profile
January 22, 2018, 11:41:24 AM
 #3

First a want to thank you for a comprehensive and fast response. Regarding point 6 I am afraid I still don't get it and want to clarify it.

Let's assume that I already transfer my BTC and BCH to new addresses. With my BTC address, I still should have unsplit bitcoin gold/diamond and all other forks that happened after BTC/BCH (regardless if I use legacy or segwit address to store my BTC) and I can split them in a future is that correct ??

Xynerise
Sr. Member
****
Offline Offline

Activity: 280
Merit: 281

39twH4PSYgDSzU7sLnRoDfthR6gWYrrPoD


View Profile
January 22, 2018, 03:34:57 PM
 #4

First a want to thank you for a comprehensive and fast response. Regarding point 6 I am afraid I still don't get it and want to clarify it.

Let's assume that I already transfer my BTC and BCH to new addresses. With my BTC address, I still should have unsplit bitcoin gold/diamond and all other forks that happened after BTC/BCH (regardless if I use legacy or segwit address to store my BTC) and I can split them in a future is that correct ??


Yes, that is correct.
As long as you have the private key or seed to that address you can always split forked coins in the future.
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!