Today I am going to talk about the fork again and the free money is created from skinny air!!
Mind you, this is not the fork which you use to eat noodles, but the fork/split of the most legendary cryptocurrency – Bitcoin, and the free money created from skinny air – Bitcoin Metselspecie (BCH).
If you don’t understand what I am talking about, then I guess you have not read our guides on the Bitcoin fork and Bitcoin Contant (BCH):
For those you have just joined now (post-fork party), te a nutshell, this is what happened:
Spil of block 478559, the Bitcoin (BTC) network has hard forked into Bitcoin Contant (BCH)
This hard fork has now created Bitcoin Contant (BCH) which is worth $440 vanaf unit (at the time of this writing) and is the third most valuable cryptocurrency according to CoinMarketCap.
Abracadabra!! Bitcoin Contant is worth $440, and it wasgoed just created out of lean air!
At least to mij, it is!!
BCH is free for every Bitcoiner who had any amount of BTCs and were also holding their private keys under their custody prior to the fork.
Now, post-fork, such Bitcoiners can simply use those BTC private keys to voorkeur their BCH te a BCH-supported wallet.
For example, if you had 1 BTC, then after the split/fork, you will now have both 1 BTC and 1 BCH, ter other words, your coin holdings have doubled spil both coins now have the same private keys.
Now, let’s keep everything aside to quickly leap and see who is supporting Bitcoin Contant, spil I know many of you might be looking to grab or trade your free Bitcoin Metselspecie coins.
Here are the wallets and exchanges supporting Bitcoin Metselspecie (BCH). However, there are not many BCH wallets, spil it is only a few days old! But for early birds, thesis are ample amounts of options.
Top Ten Best Wallets For Bitcoin Contant (BCH)
If you have a Ledger Nano S, then now you need not do anything to get ahold of your BCH after the fork. Ledger Nano S/Blue, Nano, and HW.1 owners just need to update a few things here and there to access their BCH. Here is the official CoinSutra postbode on how to keuze your free BCH from the Ledger Nano S. And here is the official blog postbode from Ledger further articulating the do’s and don’ts.
This is a popular lightweight multi-coin HD wallet for Bitcoin and other altcoins. It permits you to control your private keys and supports a maximum number of cryptocurrencies right now ter the market. They have officially released a blog postbode supporting BCH and how to access it. Here is the step by step blog postbode.
It is only available for Android spil of now, but iOS support is also coming soon.
Electron Metselspecie is the fork of the original Bitcoin wallet, Electrum. It permits you to back up your wallet via a mnemonic seed phrase, like a true HD wallet. It is a light wallet spil it doesn’t require you to download the total knot of Bitcoin Contant. It is available for Windows, Mac, and Linux operating systems. It also has a version which supports Android mobiles, too.
Recommendation on how to redeem Bitcoin Specie: https://t.co/2eO4p6En7C
Trezor has officially announced support for BCash (BCH). On August 1, they published this official step by step guide on how its users can voorwaarde BCH.
UPDATE: After some time, Trezor has taken down BCH support spil is overduidelijk from their note on their blog which says: BCH wallet has bot taken down from TREZOR Wallet, until further notice.
Jaxx is another popular multi-currency HD wallet which permits you to control your private keys. They have announced prior to the fork that Jaxx users would not need to do anything to access their BCH coins. The Jaxx team has determined to work on the total integration of BCH on Jaxx apps, and when the integration is accomplish, its users will be able to access BCH coins with a ordinary software update.
However, they have clearly stated this:
“Since Jaxx users are always ter control of their private keys, corresponding Bitcoin Specie (BCH) will be safe ter your Jaxx wallet. However, please know that you will not be able to access/send/receive your Bitcoin Specie (BCH) until the integration takes place.”
Here is the official Jaxx announcement with their do’s and don’ts list on BCH.
BTC.com is a popular web and mobile Bitcoin wallet. If you would like to access a web wallet that won’t compromise your private keys, then this is it. And according to this postbode, you will be able to access BCH.
Moreover, they have stated that:
“If the fork is successful, you will automatically have the omschrijving amount of BCH spil the amount of Bitcoin stored ter your BTC.com wallet.”
See and explore their step by step guide on recovering BCH using their BCH recovery device.
So far this device works only te the web version, but it should soon be available for Android and iOS versions, too.
Bitcoin Unlimited’s Bitcoin Contant 220.127.116.11 edition has bot released, and it supports BCH. This release is being suggested by the Bitcoin Unlimited Developers ‘unofficially’ until the BU community has the chance to vote on whether Bitcoin Contant should be officially supported. It is available for Windows, Mac, and Linux operating systems. (Source: Bitcoin Unlimited)
Bitcoin Classic has also launched a desktop wallet called Bitcoin Classic 1.Trio.Two, which is a BCH-compatible release. This will permit you to go after the Bitcoin Contant chain when it’s fully installed. It is also available for Windows, Mac, and Linux operating systems. (Source: Bitcoin Classic)
Bitcoin Cash’s paper wallet script is now available. For those users who are comfy with paper, wallets can go here and make one for themselves. But ter my opinion hardware wallets are superior to paper wallets.
If you need a reference guide to make a paper wallet then refer to this one. Note: tho’ this guide is for making Bitcoin paper wallet the process is similar for making BCH paper wallet also.
KeepKey’s support for Bitcoin Contant is now available. See here their official guide of it.
For those of you who don’t know KeepKey is a cryptocurrency hardware wallet but is fairly bulky to carry. However, I am not against KeepKey spil they are doing a welgevoeglijk job and supporting now more than Five cryptocurrencies including BCH.
But I choose to use Ledger Nano S and Trezor more for convenience and quicker cryptocurrency integration.
My Thoughts On Accessing BCH
Basically, there are all sorts of methods for claiming your BCH. Ter brief, you will either need to uitvoer your BTC private keys on a BCH-supported wallet or you just need to do some sort of software update here and there depending upon the type of wallet you are using.
Word of Caution: Depending upon the zuigeling of wallet you are using, you may require playing with your private keys. Hence, wij advise you to do it cautiously by following the official announcements from your associated wallets.
Also, consider not to do large transactions using thesis BCH wallets spil thesis are still the early days of Bitcoin Specie, so you should expect some hurdles and bugs ter the BCH software.
That’s all from my side te this article. I will be updating this list of BCH wallets spil more keep popping up, so keep an eye here!
And until that time, blessed Bitcoin forking!
Do let mij know te the comments section about which wallets you are using to access your BCH funds.
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