MODERATORS
5 stars based on
61 reviews
I wrote this last Tuesday, but held off publishing because no exchanges actually allowed Litecoin Cash LCC deposits, making this litecoin data directory pointless.
Many in the cryptocurrency community consider forks like these to be simple cash grabs at best, and potential scams litecoin data directory worst. But in the meantime, those of us holding Litecoin at litecoin data directory time of the fork now also have some Litecoin Cash 10x as litecoin data directory, to be exact—if you had 10 LTC when the fork occurred, you now also have LCC. If you keep your Litecoin on an exchange e. This step is important. No, really—do not skip this step! This is the step that protects your existing Litecoins from theft in case it turns out that LCC was a scam designed to steal LTC private keys.
The best way to protect yourself in this scenario is to make sure that your LTC wallet is already empty when you provide your keys to the LCC client. To do this, download litecoin data directory latest version of Litecoin Core and install it on your PC. Open it and let the blockchain sync—this can take a long time on a fresh install, just let it happen in the background.
When Litecoin Core indicates that the blockchain has finished syncing, you should see a zero balance indicated. Litecoin Core will restart. There should be a single Litecoin address listed.
Copy it to the clipboard and save it somewhere. Now we need to make a backup of our new private keys. Navigate to the following directory: You should see a wallet.
These are the encrypted keys necessary to access the LTC wallet you just created. Open Litecoin Core again, and when it finishes re-scanning you should see a balance indicative of however many LTC you own. Send the entirety of your LTC balance to the new address that you created earlier. Before moving on to the next step, make a copy of the wallet. Just to be clear, this is your old, now empty Litecoin wallet.
Go ahead and re-open the Litecoin Cash application, and now you should see a balance equal to ten times your original Litecoin holdings. Leave the LCC client open and continue to the next step. As of right now, YoBit. When you see your small test transaction arrive safely in your YoBit account, go ahead and transfer the rest. Once all of your LCC is litecoin data directory your YoBit account, go ahead and trade it for whatever cryptocurrency you like!
After you receive your coin s of choice, you can transfer out to your own private wallet or to Coinbase to sell for USD, etc. The instructions here say the same thing, but actually have details explaining what they mean, for people like me that have no idea. In your post you say that the steps are different for the Nano, can you tell us what those are please? Unless LCC releases an open source wallet, they can pound sand. They will never achieve wide acceptance by keeping the wallet closed source.
If you use the closed source LCC wallet, you can never be sure you are the only one with access to the private key!! Notify me of follow-up comments by email. Notify me of new posts by email. Read on for a basic guide on how to safely sell your LCC. March 1, at 4: March 1, at 5: March 8, at 7: March 9, litecoin data directory March 11, at 1: Leave a Reply Cancel reply Your email address will not be published. Comment Name Email Website Notify me of follow-up comments by email.
Optimization Categories Deals Guides Hardware Litecoin data directory News Uncategorized Tags altcoins bbc bitcoin btc cgminer cgwatcher claymore cnet coinbase coinlab colbert Litecoin data directory dwolla environment eth ethereum forbes fork guide hack hardware how-to khan academy linux litecoin ltc mcxnow mining money mtgox notroll.
