So I've been holding onto some coins for a while and I've got a few in addresses from before the 2017 fork. Now I'm looking to spend them. I checked and found that I have coins on both chains. I'm using Electrum as my wallet. I’ve got a couple of questions. First off, can I send my coins using a multi-coin wallet? Since Electrum is just a BTC wallet, how can I spend my BCH or BTC or both? And secondly, if I send these to an exchange, will I run into any issues?
prefork coins
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sam_walletFull Member
Posts: 104 · Reputation: 365
#2Apr 5, 2019, 09:09 PM
There's a cloned version of electrum specifically for Bitcoin cash. It's called electron cash.
You can import your seedphrase there after safely downloading the wallet and access your BCH coins. I'll advise you first Moe your Bitcoins to a separate wallet before importing, just to keep them extra safe.
just_wizardFull Member
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#3Apr 5, 2019, 11:53 PM
Here is a detailed guide on how to claim forked coins, write by LoyceV:
LoyceV's Bitcoin Fork claiming guide
As Upgrade00 suggested, make sure to move your bitcoins to a new and safe wallet before importing your seed or private keys into an altcoins/multi-coins wallet. Also, since you are using Electrum, make sure the wallet you are going to import your seed into supports Electrum seeds or just import addresses' private key individually.
As you can see on the guide, there are different forked coins that you can claim not only bch.
After successfully claiming the coins, you can send them to an exchange or anywhere you want with no problems.
humbleledgerLegendary
Posts: 1027 · Reputation: 6554
#4Apr 7, 2019, 02:58 AM
To add to the above: there are more Forks to sell than just BCH, and some of them don't have replay protection. Read up how to handle this before starting.
And don't just install untrusted Fork wallets on your normal system. I use a spare laptop for this, and wipe it after each wallet. A VM works too.
As said, if you want to avoid problems, just move your Bitcoins to another address under your control before playing with the other forks.
Or, if you are unsure and not too experienced with wallets, just ask somebody with good reputation (like LoyceV) do all this for you (probably for a fee).
Plus, if you have a significant amount of bitcoins you still want to hold, consider getting yourself a hardware wallet, get used with it, and only afterwards start moving coins around (preferably towards your hardware wallet).
cobra_2015Full Member
Posts: 259 · Reputation: 728
#6Apr 7, 2019, 05:54 AM
Do not do this, it is better to move your coins to a new address and then import the private key (not wallet seed) of the address that contains forked bitcoin.
Electron Cash is developed by an unknown developer and the code has not been reviewed sufficiently, so it is best to avoid installing it on a device that contains your Electrum wallet files.