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Unfortunately, however, not many wallets actually support directly importing your private 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. That said, if you do choose to opt for this solution at your own risk! First, run the software on a different computer as the computer you run Electrum on, if you run Electrum. Additionally, first move the BTC from your paper wallet to a new Bitcoin address like a new paper wallet before you do anything with BCH!
Make sure not to send BTC to this same paper wallet later on either, though. This includes instructions for paper wallets. Our third recommendation 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, which you can find here. Trezor has also published a blog post on how to claim your BCH, which you can find here. Update: This issue is now fixed. However, note that this wallet recommends using Electron Cash, which is not guaranteed to be secure.
See the above section on paper wallets for more details. The last hardware wallet, KeepKey , has also published a blog post on Bitcoin Cash. But actually being able to claim them may differ a bit from wallet to wallet. Most wallets use a recovery seed. However, at this point in time there are no BCH wallets available yet that allow this and which we can confidently recommend using. If BCH becomes somewhat of a success over time, this will probably change.
If it ever becomes the case. See this Reddit post post for a series of links. Update, August 7: Coinomi has integrated BCH into their wallet, and uses a private key seed compatible with several of the wallets listed on bitcoin. And if you were using the BTC. If you did not follow our advice, and instead stored your BTC in any other wallet, or on an exchange, or anywhere else, you may or may not still be able to claim your BCH.
Once you have claimed your BCH, you can use it however you please. Just like any other alt coin, you could for example sell it for BTC, or perhaps spend it somewhere, or move it to another wallet, etcetera. While they look and technically are the same, the two networks are fundamentally incompatible. The first factor is privacy.
This can in turn reveal a lot about your current holdings as well as your past and future transactions, and can by extension even reveal such data about people or entities you transact with. Make sure you are comfortable with giving up this data if you are going to send your BCH to an exchange or anywhere else. The second factor is mostly theoretical at this point, but worth mentioning nonetheless: security.
When you spend from a BCH address, you do not reveal your private key, but you do reveal your public key which is not the same as your Bitcoin address. This strips away one layer of cryptographic security, even for your BTC addresses. Unlike other Bitcoin wallet programs, Electrum connects to various servers which run a copy of the Bitcoin Blockchain. Write down the seed that you see on a piece of paper and store it somewhere safely. This is crucial to make sure that your Bitcoins are safe.
Electrum will ask for this each time you start the program the first time and want to send a transaction. Electrum will now generate addresses for your new wallet. Leave Electrum running. Open your original wallet and send all your Bitcoins to this new address. This is now your new Bitcoin wallet and you should use this for all BTC related transactions. Wait until the transaction is confirmed and your old wallet is empty before proceeding.
You can use websites such as Blockchain to check the number of confirmations wait for at least 6. Now that your old wallet software is empty, you will need a list of any private keys it previously used. The Electron Cash software can use these to redeem your Bitcoin Cash. The specific steps to do this will vary from wallet to wallet. If you used a Bitcoin Paper wallet originally to hold your coins the private key is the long series of digits and numbers along the front.
Now the time has come to redeem your Bitcoin Cash. Windows users may see a warning saying the website is unsafe. Windows users may see a Windows Defender warning. Run the Electron Cash program from the folder where you downloaded it.
How to get bitcoin cash plus wallet to claim how do i buy bitcoins with cashHow To Get Bitcoin Cash (BCC/BCH) Off Trezor - Claim BCC Off My Trezor - Bitcoin Basics
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