Help With Coinbase transfer to Electrum wallet

[jerimiahblank]

Hi,

I'm pretty new to this and never experienced this issue before, so trying the community for help. My apologies if this is a resolved topic in other threads, but trying to get specific help on this problem.

I was trying to send funds through a Coinbase wallet via the iOS app to my Electrum Wallet. In Electrum 3.2.3, I used the information in the Receive tab to get the info for Coinbase to transfer the funds via the generated QR code. It looks like it is a legacy wallet that was generated, and see the transaction in the related address (https://explorer.bitcoin.com/bch/tx/5def6e6dafde7aab4d9b911c416e198e10d5bb6caf8786e69072f7e028df2399) and transaction, but nothing has been received in my Electrum wallet. I tried the suggestions of trying different servers and deleting the block chain headers file from my app data folder, but still no luck.

Any help or further suggestions would be a huge help and hopefully someone can help me or see if I did anything wrong.


Bitcoin Client Software and Version Number: Electrum 3.2.3
Operating System:Windows 10 -64bit
System Hardware Specs: Intel(R) Core(TM) i7-6700K CPU@4.00GHz, 48.0GB RAM
Description of Problem: Sent Amount from Coinbase Wallet through iOS APP using the QR code from the Electrum Wallet, but funds are not showing or received with the wallet address connected to the code (
Any Related Addresses: https://explorer.bitcoin.com/bch/tx/5def6e6dafde7aab4d9b911c416e198e10d5bb6caf8786e69072f7e028df2399
Any Related Transaction IDs:5def6e6dafde7aab4d9b911c416e198e10d5bb6caf8786e69072f7e028df2399
Screenshot of the problem: N/A
Log Files from the Bitcoin Client: N/A

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[LoyceV]

You're one of many who fell victim to Bitcoin.com's propaganda to pretend Bitcoin Cash is Bitcoin. You've sent Bitcoin Cash to Electrum, a Bitcoin wallet.
The good news is that you can recover it, but the bad news is that what you have isn't Bitcoin. Bitcoin Cash is a Forkcoin that took it's own path.

The easiest way to recover it is to install Electron Cash, import your private key or seed phrase, and send your Bitcoin Cash to wherever you want.
IMPORTANT:
1. Make sure you don't deposit Bitcoin Cash to a Bitcoin address owned by an exchange. Doing so will most likely make you lose your funds.
2. I don't trust Electron Cash, and never install it on a real system. I would recommend either a separate PC or a VM.
3. If you have any Bitcoin in your Electrum wallet, move it to safety before exposing your seed phrase to other software. And create a new wallet with a new seed after compromising your current seed.

This is just off the top of my head, make sure you know what you're doing before doing it, so you don't mess up.

[jerimiahblank]

Thank you for the quick reply and information. How do I recover it and is there a way to cash it out once recovered? Sorry again for my lack of knowledge on this and I really appreciate help figuring all of this out.

[LoyceV]

How do I recover it

I was still editing my post

[jerimiahblank]

I was able to import the wallet address and see the balance, but it is read only and not sure how I correctly import the private keys. I went into Electrum and exported the private keys, then tried importing the file when creating a new wallet, but it's not accepting the file. Sorry, I don't know what I am doing wrong when I try this.

[bob123]

You need to export/import the private key, not the public address.


But it probably is easier if you simply create a new wallet in electron cash using the seed (24 word seed) from electrum.

If you however want to use the single private key, simply go to the 'address' tab in electrum, right click on the address which received the btrash, and click on 'private key'.
Then copy it and create a new wallet in electron cash using this private key.

[jerimiahblank]

That worked for me! Thank you. Would you suggest trying to send it back to coinbase as a BCH transfer at this point? I'm not sure what options I have in terms of making any purchases with that recovered wallet funds, or if I have any chance of converting it to BTC through any other method.

[LoyceV]

Would you suggest trying to send it back to coinbase as a BCH transfer at this point?

I've never used Coinbase, so I can't answer this with certainty. I assume you can deposit it and convert it to Bitcoin, but before doing so, you'd better double check it.
How did you get the Bitcoin Cash in the first place? Did you buy it after depositing fiat, thinking you were buying Bitcoin? If that's the case, I would definitely recommend to trade it for what you planned initially. You're not in luck though, BCH just dropped a lot against Bitcoin.

I'm not sure what options I have in terms of making any purchases with that recovered wallet funds, or if I have any chance of converting it to BTC through any other method.

I've never used Bitcoin Cash for any purchases, it's less widely accepted than Bitcoin.

[tarball]

Last time I checked on Coinbase, when you want to buy, it clearly states 'bitcoin,' 'litecoin,' and bitcoin cash' so I wonder how you ended up with bitcoin cash, unless you somehow thought they were the same and decided to buy the cheaper one.

[Lucius]

Last time I checked on Coinbase, when you want to buy, it clearly states 'bitcoin,' 'litecoin,' and bitcoin cash' so I wonder how you ended up with bitcoin cash, unless you somehow thought they were the same and decided to buy the cheaper one.

I bet he think BTC&BCH are same coins, and as you say he decided to buy cheaper coin - from the viewpoint of inexperienced user it is much more desirable to buy BTC at price of 400-500$ then 6000$. Unfortunately this is not an isolated case, internet is full of stories like this one - forked BTC coins make great damage to original BTC.