The Secrets Of Getting The Currency Of The Bitcoin Cash
We now have two Bitcoin coins: Old Bitcoin (BTC) and Bitcoin Cash (BCH or BCC). To unify the code let us adopt the abbreviation BCH. The first of August 2017 at 2:14 pm will remain forever in memory as the day when the Bitcoin was split into two separate chains starting from Block 478559. ViaBTC has also mined the first block of the 1KM cash, making the currency official. The current price of the Bitcoin Cash is currently around 3,100 Yen, equivalent to approximately $ 400, while the original Bitcoin (BTC) is heading towards $ 4,042.
But how did this happen? And how can you get your Bitcoin Cash securely? You are in the right place now and we will guide you step-by-step on how to do this and what exchange platforms that accept trading with Cash. If you do not benefit from the split, you can also use this guide to learn how to buy this new currency.
Why did you end up owning the Bitcoin and Bitcoin Cash together?
Before we delve into how to withdraw the new Bitcoin coin, let's make it less confusing for those who do not know how it happened. The easiest way to think about this is: when the blockchain is divided into two, the resulting new series is identical to the original, and because you have a sum of money on the original blockchain, you will end up having the same amount of the new currency. Now, the new series is Bitcoin Cash so you will get the same amount of BCH or BCC. Because the new blockchain is cloned from the original, this means that your passkey to access is also the same. You can use the same private key on the new string to access the new currency BCH.
How do you get what you got from the cashwin coin?
Before you do anything to get your Bitcoin Cash, make sure you do your personal effort in researching and inquiring because your money may be at risk. Also, give the process some time before the block is actually mined.
Step 1 : Get your passkey Private Key
Make sure you have a private key to access your Betcoin wallet. If you do not have your passkey, forget about your BCH.
Step 2 : Never trust anyone
Scammers and fraudsters everywhere. Last week, I received a letter from Reddit asking me to extract my bitcoin cash. Do not trust such messages or anyone under any circumstances.
Step 3 : Create a BCH wallet
You will need to create a wallet that accepts the bitcoin coin. You can use Private Key's private key to access your new currency. This is because the original string has been copied so the passkey is also copied. Then you can use your key to access and add your coins to the wallet that you just created. This may vary depending on the wallet or platform that supports bitcoin cash . For example, Kraken automatically adds a Bitcoin Cash to your wallet and there is no need to do anything. While in other wallets, you must manually add your own passkeys to 'add' your free currency. It's always better to check your platform or wallet carefully about how to add your new currency to your wallet.
How to Obtain a New Currency BCH by Hardeware Wallets?
There is some good news, and portfolios are the easiest and safest way to store your electronic currency. The good thing is that the three major electronic currency portfolios are accepting the new version of the Bitcoin. Both the Ledger Nano S and Trezor allow you to add a BCH to your wallet by selecting it before adding your passkey.
Here is a list of the most popular digital currency exchange platforms and portfolios that support the BCH currency.
These platforms and portfolios have recently announced that they are in fact supporting the new Bitcoin currency. So you can use it to get your new currency or buy it:
Bitfinex
Bitflyer
Bithumb
Bittrex
com
BTCC
CoinFloor
Cryptopia
HitBTC
Huobi
Jaxx
Korbit
Kraken
OKCoin
OKEx
Quoinex
ViaBTC
Yobit
In the end, it ended up with two copies of the Bitcoin coin. Be careful when extracting what you got from the new currency BCH, and read every guide you can find about your portfolio. We hope you have benefited from this split, and what you got from the new currency BCH.
Thank you for listening
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