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Sorry for the foolish question, but does anyone know a way of claiming Bitcoin Cash without revealing your private key? Or do I need to transfer my entire bala
by djaychela 9y ago
Sorry for the foolish question, but does anyone know a way of claiming Bitcoin Cash without revealing your private key? Or do I need to transfer my entire balance from the (pre-fork) address to avoid any potential issues, and then use the private key from that address to prove my claim? I've done some reading this morning about it, and can't find any options which don't involve giving up private keys - which I am not doing without having transferred my balance out already. I only hold 10.5 BTC (across several addresses), so I know it's not a fortune to most people, but it is to me!
- xenos02 9y agoRevealing your private key to some form of software or online service is necessary in order to send it Your method is correct, transfer your btc off of that wallet first and then go around claiming your forked balances
- naveen99 9y agoThere is nothing to claim for bitcoin cash if you already have the private key for your bitcoin. To spend, create the transaction offline on a bitcoinabc wallet. Broadcast it from a connected computer later.
- phil21 9y agoFor that amount of money, if you want some pretty secure peace of mind I recommend picking up a Trezor - transfer the whole balance to it once you test it/are comfortable with it. At that point you can then simply choose between BTC/BCH/BTG wallets with effectively zero risk - no need to perform wallet surgery yourself.
- Klathmon 9y agoA Ledger Nano S is also a good choice, and is actually easily available now unlike trezor (although both companies are kind of overwhelmed with customers, like everything else in the cryptocurrency space!)
- StavrosK 9y agoI have a Ledger Nano and I can recommend it wholeheartedly, it's fantastic. It also makes it very easy to claim your Bitcoin fork coins.