Today I am going to talk about the fork again and the free money is created from thin air!!
Mind you, this is not the fork which you use to eat noodles, but the fork/split of the most legendarycryptocurrency Bitcoin,and the freemoney created from thin air Bitcoin Cash (BCH).
If you dont understand what I am talking about, then I guess you have not read our guides on the Bitcoin fork and Bitcoin Cash (BCH):
For those you have just joined now (post-fork party), in a nutshell, this is what happened:
On
August 1, 2017
As of block 478559, the Bitcoin (BTC) network has hard forked intoBitcoin Cash (BCH)
This hard fork has now created Bitcoin Cash (BCH) which is worth $440 per unit (at the time of this writing) and is the third most valuable cryptocurrency according toCoinMarketCap.
Abracadabra!!Bitcoin Cash is worth $440, and it was just created out of thin air!
Isnt it amazing?
At least to me, it is!!
BCH is free for every Bitcoiner who had any amount of BTCs and were also holding their private keys under their custody prior to the fork.
Now, post-fork, such Bitcoiners can simply use those BTC private keys to claim their BCH in a BCH-supported wallet.
For example, if you had 1 BTC, then after the split/fork, you will now have both 1 BTC and 1 BCH; in other words,your coin holdings have doubled as both coins now have the same private keys.
Now, lets keep everything aside to quickly jump and seewho is supporting Bitcoin Cash, as I know many of you might be looking to grab or trade your free Bitcoin Cash coins.
Here are the wallets and exchanges supporting Bitcoin Cash (BCH). However, there are not many BCH wallets, as it is only a few days old! But for early birds, these are ample amounts of options.
1. Ledger Nano S (Hardware Wallet)
If you have a Ledger Nano S, then now you need not do anything to get ahold of your BCH after the fork. LedgerNano S/Blue, Nano, and HW.1 owners just need to update a few things here and there to access their BCH. Here is the official CoinSutra post on how to claim your free BCH from the Ledger Nano S. And here is the official blog post from Ledger further articulating the dos and donts.
Buy The Ledger Nano S Now
2. Trezor(Hardware Wallet)
Trezor has officially announced support for BCash (BCH). On August 1, they published this official step by step guide on how its users can claim BCH.
UPDATE: After some time, Trezor has taken down BCH support as is evident from their note on their blog which says:BCH wallet has been taken down from TREZOR Wallet, until further notice.
But stay tuned
Buy Trezor Now
3. Coinomi(Mobile Wallet)
This is a popular lightweight multi-coin HD wallet for Bitcoin and other altcoins. It allows you to control your private keys and supports a maximum number of cryptocurrencies right now in the market. They have officially released a blog post supporting BCH and how to access it. Here is the step by step blog post.
It is only available for Android as of now, but iOS support is also coming soon.
Download Coinomi
4. Electron Cash(Desktop & Mobile Wallet)
Electron Cash is the fork of the original Bitcoin wallet, Electrum. It allows you to back up your wallet via a mnemonic seed phrase, like a true HD wallet. It is a light wallet as it doesnt require you to download the full node of Bitcoin Cash. It is available for Windows, Mac, and Linux operating systems. It also has a version which supports Android mobiles, too.
Recommendation on how to redeem Bitcoin Cash: https://t.co/2eO4p6En7C
Electrum (@ElectrumWallet) July 31, 2017
Download Electron Cash Now
5. Jaxx (Mobile & Desktop Wallet)
Jaxx is another popular multi-currency HD wallet which allows you to control your private keys. They have announced prior to the fork that Jaxx users would not need to do anything to access their BCH coins. The Jaxx team has decided to work on the full integration of BCH on Jaxx apps, and when the integration is complete, its users will be able to access BCH coins with a simple software update.
However, they have clearly stated this:
SinceJaxx users are always in control of their private keys, corresponding Bitcoin Cash (BCH) will be safe in your Jaxx wallet. However, please know that you will not be able to access/send/receive your Bitcoin Cash (BCH)untiltheintegration takes place.
Here is the official Jaxx announcement with their dos and dontslist on BCH.
Download Jaxx Now
6. BTC.com (Web & Mobile Wallet)
BTC.com is a popular web and mobile Bitcoin wallet. If you would like to access a web wallet that wont compromise your private keys, then this is it. And according to this post, you will be able to access BCH.
Moreover, they have stated that:
If the fork is successful, you will automatically have the equivalent amount of BCH as the amount of Bitcoin stored in your BTC.com wallet.
See and explore their step by step guide on recovering BCH using their BCH recovery tool.
So far this tool works only in the web version, but it should soon be available for Android and iOS versions, too.
Download BTC.com Wallet Now | Sign up forBTC.com Wallet
7.BU Bitcoin Cash Client (Desktop Wallet)
Bitcoin Unlimiteds Bitcoin Cash 1.1.0.0 edition has been released, and it supports BCH.This release is being offered by the Bitcoin Unlimited Developers unofficially until the BU community has the opportunity to vote on whether Bitcoin Cash should be officially supported. It is available for Windows, Mac, and Linux operating systems. (Source:Bitcoin Unlimited)
Download BU Bitcoin Cash Now
8. Bitcoin Classic UAHF Client(Desktop Wallet)
Bitcoin Classic has also launched a desktop wallet called Bitcoin Classic 1.3.2, which is a BCH-compatible release. This will allow you to follow the Bitcoin Cash chain when its fully installed. It is alsoavailable for Windows, Mac, and Linux operating systems.(Source:Bitcoin Classic)
Download Bitcoin Classic Now
9. CashAddress (Paper Wallet)
Bitcoin Cashs paper wallet script is now available. For those users who are comfortable with paper, wallets can go here and make one for themselves. But in my opinion hardware wallets are superior to paper wallets.
If you need a reference guide to make a paper wallet then refer to this one. Note: though this guide is for making Bitcoin paper wallet the process is similar for making BCH paper wallet also.
Check out CashAddress
10. KeepKey (Hardware Wallet)
KeepKeys support for Bitcoin Cash is now available. See here their official guide of it.
For those of you who dont know KeepKey is a cryptocurrency hardware wallet but is quite bulky to carry. However, I am not against KeepKey as they are doing a decent job and supporting now more than 5 cryptocurrencies including BCH.
But I prefer to use Ledger Nano S and Trezor more for convenience and faster cryptocurrency integration.
Buy Keepkey now
Basically, there are all sorts of methods for claiming your BCH. In short, you will either need to export your BTC private keys on a BCH-supported wallet or you just need to do some sort of software update here and there depending upon the type of wallet you are using.
Word of Caution: Depending upon the kind of wallet you are using, you may require playing with your private keys. Hence, we advise you to do it cautiously by following the official announcements from your associated wallets.
Also, consider not to do large transactions using these BCH wallets as these are still the early days of Bitcoin Cash, so you should expect some hurdles and bugs in the BCH software.
Thats all from my side in this article. I will be updating this list of BCH wallets as more keep popping up, so keep an eye here!
And until that time, happy Bitcoin forking!
Do let me know in the comments section about which wallets you are using to access your BCH funds.
Like this post? Dont forget to share it with your network!
For further reading:
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