How to Buy Bitcoin Cash. Beginners’ Guide

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Anyone who held bitcoin at This guide will explain how to secure your private keys so you could be sure to access your BCH. At the time of writing that article, There are still a lot of uncertainties about how this event would play out. Fortunately, if everything worked out as expected, Bitcoin Cash implements solid replay insurance.

This implies you shouldn't have the capacity to unintentionally spend your BTC when you intend to spend BCH, or the other way around. In that capacity, in the event that you couldn't care less about BCH is OK now, you don't have to do a thing. You can simply continue utilizing bitcoin as you generally have. In the event that you ever alter your opinion and don't lose your Bitcoin private keys in the meantimeyou can in any case a beginners guide to claiming your bitcoin cash and your BCH anytime later on.

To begin with, the first suggestion was to utilize a full node wallet, as Bitcoin Core or Bitcoin Knots. These wallets store your private keys in a devoted organizer on your PC. You can make a reinforcement of this envelope utilizing the menu in your wallet.

Once you've done this, you ought to have the capacity to import this reinforcement into a Bitcoin Cash full hub, as Bitcoin ABC. However, to be on the safe side at this point in time, we are uncomfortable recommending any Bitcoin Cash software. It is all very new, developed within a short period of time, and the peer review done on all this software has probably not been as exuberant as it usually is within the Bitcoin space.

It is therefore probably wise to not import your private keys in such software right away; a beginners guide to claiming your bitcoin cash and, wait to see if there are any reports of problems.

The Second recommendation was to use a paper wallet. This advice was given in the context of storing your coins particularly for a longer period of time. But if you want to access your BCH, you can ofcourse do this right away. Unfortunately, not many wallets actually support directly importing your a beginners guide to claiming your bitcoin cash and key s — and less so for BCH. One wallet that does allow for this option in Bitcoin is Electrum.

However, Electrum itself has issued an official warning concerning Electron Cash. Electron Cash is not properly vetted and therefore not guaranteed to work as advertised. This is a big risk, and we recommend against using it for now. This may change in the future. The third suggestion was to use a hardware wallet, as listed on bitcoin.

Two of these hardware wallets in particular, Trezor and Ledger, have gone through the effort of offering you access to your BCH.

Ledger has published a blog post explaining how to access your BCH, so you can just check that one out. Trezor has also published a blog post on how to claim your BCH, Update: Don't worry, your funds are secure. However, note that this wallet recommends using Electron Cash, which is not guaranteed to be secure. If your private keys are secure, your funds are secure. If you want to use your BCH in any way, it's best to a beginners guide to claiming your bitcoin cash and move your BTC to a whole new address that you control, or even an address generated from a whole new seed.

I am a robot. I just upvoted you! I found similar content that readers might be interested in: Paper Wallet The Second recommendation was to use a paper wallet. Hardware Wallet The third suggestion was to use a hardware wallet, as listed on bitcoin.

Authors get paid when people like you upvote their post. I just ordered a Trezor so I'll be using this advice once it arrives.

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