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Basic Steps to Split Your Coins Into XBT and BCH Wallet

1 Aug
2017

Kraken has posted a short and useful guide on the basic steps that you need to take in order to safely and securely split any local Bitcoin (BTC) wallet and get the same number of Bitcoin Cash (BCC/BCH) coins. We do recommend that you follow these steps just to ensure that any BTC that you have in your wallet will remain safe and secure and in your possession in case of some malicious code included in any of the wallets you may decide to use. Below is the short guide from Kraken quoted.

1. Wait until after the fork when a few BCH blocks have been mined.
2. Move all your Bitcoin (XBT) to a new wallet with a new private key. BCH has replay protection, so you will be able to move your XBT without moving your BCH.
3. Wait until your Bitcoin is confirmed in the new wallet. Be sure to complete steps 1-3 before moving to step 4.
4. Install a Bitcoin Cash (BCH) wallet and enter the private keys of the original wallet (the wallet you just moved your Bitcoin out of). To be maximally safe, the BCH wallet should be installed on a different machine than the one that has your new Bitcoin wallet on it. You can find a list of BCH wallets on the Bitcoin Cash website.
5. This step isn’t necessary, but as a final step you may want to move your BCH to a new BCH wallet with a new private key, just to help ensure you don’t mistake your BCH wallet address for the XBT address it used to be.

Kraken does not recommend a wallet, we aren’t going to do it either for the moment, but we have successfully used the Bitcoin ABC wallet on multiple systems, though the migration process was not entirely problem free. There are still some things that need polishing and bugs cleared now that Bitcoin Cash has forked successfully, so hopefully these will quickly be resolved. For the moment deposits to exchanges for BCC/BCH are still not active, so even if you hurry and set up everything and claim your Bitcoin Cash coins you would not be able to move them to an exchange anyway…

12 Hours Left Until The End of Giga-Watt WTT Token Sale

31 Jul
2017

There is less than a day left until the Cryptonomos platform completes the Giga Watt (WTT) token sale. You have just a bit short of 12 hours left to take part if you find this token interesting and meaningful as it already has a successful underlying service for hosting crypto currency miners and is going to expand it further with the help of the tokens. The token sale is close to the 20 million mark, though it has not yet reached it and the original goal they were aiming at was 30 million. Buying tokens at the last moment comes at a bit higher price of $1.20 USD per token, but that happens if you wait for the last moment to act. Still you have some time to act and not miss the chance of supporting the expansion of Giga-Watt’s facilities and getting some WTT tokens that can be used to host your own miners or be rented to other users that want to get a better deal on miner hosting.

– For more details about the Cryptonomos platform and the Giga Watt (WTT) Token sale…

Crypto Exchanges’ Positions Regarding Bitcoin Cash

29 Jul
2017

It seems that the last few days and probably until 1st of August a lot of people are consolidating their crypto coin holdings into Bitcoin (BTC) in order to take advantage of the Bitcoin Cash fork and the fact that they will get the same amount of BCC as they hold BTC. As a result we are seeing a drop in the prices of altcoins and a peak of the price of Bitcoin as people are selling altcoins for BTC apparently. You can learn How to buy bitcoin online. Look at this post about bitcoin shop for you to be able to buy and purchase anything you want online using bitcoin.

If you want to take advantage and be able to claim any BCC coins for any Bitcoins you currently own you need to be careful how and where you store your BTC, learn more from fx trade in the United Kingdom. Obviously the best solution would be to run a local wallet and have full control over your wallet’s private key, but some people prefer to have their coins in crypto exchange so they are available for quick trades. If you want to keep your BTC on an exchange, but still want to be able to get Bitcoin Cash coins you will need to make sure that your coins are on an exchange that will support BCC and not all of the big and popular ones will do initially or at all. Furthermore if you are planning on dumping or trading any BCC coins then you might want to be extra careful as the first few days it is highly likely there will be huge volatility in the price of Bitcoin Cash.

Another important thing, Bitcoin Cash is initially using BCC as a coin ticker and that may be a bit confusing as BCC is already being used by BitConnect. As a result some exchanges may actually use a different coin ticker symbol instead of BCC in order to avoid confusion or maybe create even more. It is possible that Bitcoin Cash may be listed with BCH as a ticker on some crypto exchanges, so make sure you do not make mistakes and trade the wrong coin asset.

Crypto Exchanges and their BCC support:
– Coinbase – no BCC support for now
– Poloniex – no initial BCC support, may add it later
– Kraken – will provide BCC coins and offer trading
– Bitstamp – no initial BCC support
– Bittrex – will credit BCC, may add trading
– GDAX – no initial BCC support
– Bitfinex – will be distributing BCC, no information on trading
– Gemini – no initial BCC support
– Shapeshift – no initial BCC support
– Cryptopia – no initial BCC support

There of course are not all of the crypto exchanges out there, just some of the major international ones that we have covered. If you are suing the services of a smaller or a local crypto currency exchange, then it is best to inquire them about their position regarding the support of Bitcoin Cash and if they will be crediting BCC/BCH coins to their users and if they will be offering trading as well. For now Kraken seems like a good choice to store your BTC if you want to be able to get BCC/BCH coins and after that be able to trade them. Of course there is a number of other exchanges that announced they will be most likely be supporting Bitcoin Cash such as ViaBTC, OKEX, LiveCoin at launch as they were already mentioned in the announcement thread on Bitcointalk.

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