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Author Topic: Wallet with support for Hard Forks?  (Read 25 times)
quin83 (OP)
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January 31, 2021, 04:19:41 PM
 #1

Hi.

I am looking for a way to buy and hold some CryptoCurrency over the next years. But i want to participate in all the upcomming hard forks.
I have accounts at Kraken, myEtherWallet and MyMonero. Kraken is great for trading, but i think they ignore most of the smaller forks, don't they?
Also i would prefer not to deal with an extra wallet for every new coin i invest in. Any recommendations?

Next Question:
Lets say i have 5 ETH at myEtherWallet and there is a ETH hard fork. What would i need to do, to get the new coin?

Thanks
CuriousGeorge
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January 31, 2021, 04:30:22 PM
 #2

Hi.

I am looking for a way to buy and hold some CryptoCurrency over the next years. But i want to participate in all the upcomming hard forks.
I have accounts at Kraken, myEtherWallet and MyMonero. Kraken is great for trading, but i think they ignore most of the smaller forks, don't they?
Also i would prefer not to deal with an extra wallet for every new coin i invest in. Any recommendations?

The only best answer for you, move from the kraken to the binance. Binance is always distributing any fork coins.
Next Question:
Lets say i have 5 ETH at myEtherWallet and there is a ETH hard fork. What would i need to do, to get the new coin?

Thanks
That depends on the fork. If that will give you the free coins without any requirements and you must do nothing for that. You should also read whether there are some requirements to be eligible to participate in the fork or not but as far as i know the fork will always free but what you need to do to hodl your tokens on your wallet.

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NeuroticFish
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January 31, 2021, 06:29:18 PM
 #3

Lets say i have 5 ETH at myEtherWallet and there is a ETH hard fork. What would i need to do, to get the new coin?

As said there are multiple "things" called forks, in many cases those are actually airdrops where you have to do certain actions, like having the coins on certain exchange, or prove something in certain website; I will not care about those, although you seem to think about them as hard forks.

If a proper hard fork happens (like it was for BTC/BCH), from what I know, all you need is to have the coins in a wallet where you own the private keys. Some exchanges may be kind and give you those coins, some are not, and some may change their policy. But if you own the private keys, those will work on both blockchains after the fork too, hence you'll have the original coins and the forked ones too.

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