BITCOIN CASH: 3 НАЧИНА ЗА ДОСТЪП ДО НОВИЯ ВИ БИТКОЙН

On August 1, we witnessed the splitting of Battle on two separate networks - the original Bitcoin (ticker - BTC or XBT) and Bitcoin cash (BCC or BCH). Everyone who had a Battle on August 1 at 15: 20h. Bulgarian time in a personal portfolio to whose private key he or she had access to, there must already be the same amount of Bitcoin Cash. If you had a Bitcoin on the Exchange, then it decides for you whether you will get BCC and what quantity.

Almost two days after the split, there is a great deal of uncertainty about what will happen in the future with the new Bitcoin, whether it will prevail over the original, or both will exist together as Ethereum and Ethereum Classic. Besides, many of you are probably wondering how to get to their new Bitcoin, if they do. The good news is that as long as you know your private key on the wallet where you held your Bitcoin at the time of splitting, theoretically you have full control over your possession of Bitcoin Cash. The bad news is that it's not so easy or safe to access your new Bitcoin and how to use it.

We recommend you not to hurry, your Bitcoin Cash will not escape. Better to lose a small amount if the price of the new crypt is falling down rather than losing all your original Bitcoin. If you still think you want to control your Bitcoin Cash, look at the different options:

Full Node wallet

Bitcoin ABC is a full node wallet. This is a roll that stores the entire transaction history (block block or block) ever made with Bitcoin. Once Bitcoin Cash uses the original Bitcoin until the split, you need to download over 120GB of history before you can use it! This may take a few days. Also, note that if you install Bitcoin ABC on the same computer that holds Bitcoin Core / Knots (full node wallets for BitKey), you risk ABC deleting all the information from the original wallet and losing your Bitcoins. So back up your Bitcoin Core / Knots private key and install Bitcoin Cash on another computer.

Software wallet

Currently, the software portfolios that support Bitcoin Cash are also few. At this point we know about Electron Cash, which supports Bitcoin Cash. The problem is, however, that this is an unofficial version of the famous Electrum pallet and is risky to use it because it has not been tested, at least for now. If you still choose this method, we recommend that you follow these steps:

1. It is best to install Electron Cash on a computer where you do not hold wallets and any other important information (especially if you have used Electrum since, like Bitcoin ABC, Electron Cash can overwrite the new information on the old one) .
2. Move your original Battle from the wallet where it was during the splitting to another with a different private key.
3. Use the key from your wallet (which is already empty) in Electron Cash. In this way, even if the key is stolen, at least you will not lose your original Battle, which is already in another wallet with another key.

The Coinomi portfolio now supports the new Bitcoin, and Jaxx is currently developing a BCH portfolio and is expected to be ready in the coming days or 1-2 weeks at the latest. So one of these two variants would be pretty good

Hardware wallet

If you already use a hardware wallet such as Trezor and Ledger, you have no problem. These two wallets are paid, the first costing 90 euros, the second costing both 70 and 275 euros. Both keep the new Bitcoin, so if you already have one, you should also have access to your BCC. Currently BCH is temporarily not supported by Trezor due to a bug, but their team is working on solving the problem and there is no room for concern. If you want to buy them now, delivery to Bulgaria will cost about 30 euros and it will take 2-3 days to arrive.

This is now the safest option, which is relatively fast, but it is the most expensive option. Still, if you hold a substantial amount of Bitcoin, it's worth it.

Source: xChange.bg

Trader - S. Fuchedzhiev

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