TIP : You should no longer use your original wallet address after this, do keep your keys, but never put funds in it again. This results in the private keys used to claim for the fork now being associated with no funds, this means if somehow your private key got compromised in the process of claiming the fork, there is nothing anyone can do with it. TIP : You can wait to claim a coin. I almost always wait because new software tends to be wonky.
However, sometimes selling a forked asset on the initial pump is a good move. If you are going to HODL, consider waiting until everything is stable. As you can see, it is much simpler to have an exchange or platform do the heavy lifting for you. However, exchanges and platforms can be fickle. If you want access to your forked asset right away, and if you want to ensure you get it no matter what, it is almost always best be in control of your private keys.
Above was the simple TL;DR version of dealing with forks, below is a detailed step-by-step guide that uses Bitcoin as an example essentially all forks for all cryptos work the same way. Anyone in Bitcoin before that block height will end up owning equal parts of the forked coin by default if they are in control of the private keys.
Meanwhile, if one has their Bitcoin on a platform that supports the fork, they should by all means be credited for that as well although its at the discretion of the platform. With all that said, being in for the snapshot block is only step 1.
Bitcoin and the forked coin no longer have any relation after the snapshot block. With forks the block height AKA block number matters, the date is just an approximation. For example Binance and hitbtc have done this in the past. Futures can be great, they allow you to trade a coin before it even goes live! However, if the fork occurs and is stable, you could end up trading away a coin with a hefty future price tag for pennies on the dollar by trying to unload it right out of the gate.
Thus, taking advantage of early access to a coin via this type of future product is a mixed bag. Once you trade away your futures, you no longer get the coin. Step 2 is waiting. You have to wait for the chain to go live the main network should go live around the same time. The idea here is that the developers need to double check everything went as planned before taking the main network online. The only way around the waiting step is if you were on exchange that offered futures of the forked coin described above.
Remember, if you get futures and you trade them, realize that you are trading away your forked coins. Sometimes, like with Segwit2x, this is great. The Segwit2x fork never occurred, so only users who traded futures benefited holders of Bitcoin did not. However, this can be pretty rough if the fork ends up doing well. TIP : Some may want to wait for a stable wallet and not just any wallet to go live.
Some forked coins I have seen have had rather wonky first attempts at full node wallets. For every fork, there is a fake wallet and a fake set of instructions attempting to trick you. If you are in control of your private keys : Once the devs announce that the new forked chain is live and thew wallet is live, you are ready to claim your coins.
Because this is how forks work, it is important to retain access to all wallets in which you held Bitcoin during the snapshot. It is also important to wait until you know the new chain and wallet software is stable. If the wallet has a bug, something could go wrong. Since this is true, it is best practices to move your balance before you try to claim the forked coin so all addresses used to claim forked coins should have a zero balance at the time you go to claim the forked coin; that is VERY IMPORTANT.
If you are in a wallet that supports the forked coin : You need to follow the directions of the wallet and configure the wallet for the new forked coin. If you are on an exchange or managed wallet like Coinbase that supports the forked coin : Wait until they credit your account. With the above said, I strongly suggest not trading away all your coins out of the gate unless you are ready to buy them back strategically. However, what you do with your forked coins really depends on your personal goals and the confidence you have in the fork.
That is really all there is to it. Super simple version of claiming a fork from a coin like Bitcoin : Be in a wallet where you control your private keys before the snapshot block. Move your funds to a new address after the snapshot , but retain your private key for the old address. Download the new wallet once it is live.
Super simple version of claiming coins from an airdrop from any coin like Ethereum this works regardless of why an airdrop is happening : Be in a wallet where you control your private keys before the snapshot block of an event to send out an airdrop, a snapshot of the ledger must be taken. Configure wallet to show the new token. A fork when you control your private keys : Have crypto in a wallet address where you are in control of your private keys before the fork.
Wait for the snapshot to occur check the official site, Twitter, and GitHub for updates on the snapshot block height ; if no block height is given, be in by the time given. This post contains affiliate links. We may be compensated when you click, sign up for, deposit, or spend on a given platform. Learn more. The expected result is two Bitcoin Cash chains and two Bitcoin Cash tokens.
To qualify for the fork, you must hold your BCH in a wallet before the snapshot or, if using an exchange or third party wallet, before they take their snapshot which may be earlier. Check with your exchange to see when trading opens up again. Bitcoin Unlimited : Bitcoin Unlimited is software that is remaining neutral and is meant to mine both chains. You can read more about this below, but this is not going to be a forked asset.
Timestamp of snapshot : This fork is at a Unix Timestamp and not at a specific block. The article below generally assumes a fork that results in two Bitcoin Cash chains and therefore two tokens. In general, to ensure you get both Bitcoin Cash tokens BTCABC and BTCSV , you should keep your coins in a wallet where you own your private keys during the snapshot please see warnings below about the lack of replay protection on SV and make sure to follow best practices on claiming forks.
Of those Poloniex is allowing early trading, and Bittrex has said it will take all reasonable measures to credit users with SV. Meanwhile, Coinbase , Binance , and a few others strongly suggested they will credit users. That means your transaction needs to be mined onto the chain not just sent. You must have your BCH on the exchange before the exchange takes their own snapshot! TIP : Here is a list of exchanges that will support the Bitcoin Cash fork from Coindesk updated by us as we learn more.
What is happening is that Bitcoin Cash is undergoing a planned upgrade that will result in a hard fork. The problem is two factions of developers and miners could not agree on the direction of Bitcoin Cash. The expected result is that each faction will take Bitcoin Cash in a different direction, and the likely result will be at least two chains each choosing a different upgrade path.
If one chain becomes dominate, it may be known as Bitcoin Cash moving forward. Meanwhile if the Bitcoin Unlimited chain persists, that could complicate the naming of things. To add complication, reports are showing miners are favoring SV. There is a good deal to know about this fork, as this is one of the more high profile and contentious forks of Above I covered some basics, below is some other important information.
Please read carefully. To qualify for a fork you need to be in before the snapshot.
Select the Bitcoin Cash blockchain. Copy the receiving address of your Bitcoin Cash wallet and transfer BCH from the main wallet to the new split wallet. Click on Receive the and copy the BCH receiving address. Transfer all funds to the BCH wallet address that you copied in step 9. Transfer all BCH from the main chain to the split chain. Save and run the BIP39 tool attached here. Select BTC from the dropdown list of coins. Scroll down to the list of addresses.
Each address has an accompanying public and private key. You can get the private key directly by text, or by going with the cursor the key, the page will show the QR code. Disclaimer : We list hardforks for informational purpose only. We are not able to make sure that hardforks are legit. We only want to list the opportunity of a free airdrop.
So stay safe and make sure to claim forks with a private key of an empty wallet. Never share your private key with anyone! Ratio Forked From: BTC. Block height Developers seem to be constantly forking Bitcoin, and many of the coins are worth nothing after the fork.
It may not be worth your time and effort to claim a coin with little to no value. The most important thing you need to check in your research is whether or not the forked coin has replay protection. Replay protection ensures that the network can differentiate the new coin from old. Avoid forked coins without replay protection at all costs. Each Bitcoin fork is different, and with that, the list of fork supporting platforms is also different.
To ensure that you are eligible to claim the forked coin, you need to have your Bitcoin in a wallet or on an exchange that supports the fork when the block snapshot occurs. The recommended place to have your Bitcoin during a fork is in a Bitcoin wallet in which you control the private keys. Complete control of your private key puts the process entirely in your hands. If you do keep your funds on an exchange not recommended , be aware of their announcements and protocol on forks.
Just wait. Once the forked chain goes live, the platform will credit your account with the new coin. When the forked chain is live and stable, find a wallet that supports it. Set-up the new wallet for yourself, and import a copy of your Bitcoin private and public keys from your other wallet. With your keys imported, the new coins should be available in your wallet. Once again, there may be additional steps provided by the wallet that you need to take to claim your coins.
At this point, the coins are fully in your control, so the choice is yours — sell or hodl. If you believe the coin has value and is going to continue going up in price, keep on holding. Either way, these Bitcoin forks are a good opportunity to make a little extra cash while supporting the original crypto-king. For a complete list of upcoming Bitcoin forks, check out our guide here.
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Будущие и прошедшие события Bitcoin Cash BCH. 2) sravni-ru-osago.ru will snapshot users' BCH spot balance on Nov 15th at UTC, which will be. For any future hard forks on Bitcoin, Binance will take a snapshot at the time of fork. After we deem the forked blockchain and wallet to be. What will happen to my existing Bitcoin Cash (BCH) after the fork? hard fork, Poloniex will disable the BCH markets and take a snapshot.