One suggestion I can make . If you know how to create paper wallets. Create a few wallets with $10 in them. When forks happen just use the small amount wallets to claim / test the forks . That way you will not exposed big amounts of BTC . That just how I do it. I test with small amounts.
i have to admit i am reluctant to claim any forks, as i am scared to lose my BTC and don't want to expose myself to malware. Thanks for the advice about creating small test wallets. Last night i cashed out 59 steem for 0.028 BTC , the price was really high for steem, the last time i cashed out was, 170 steem for 0.031 BTC, so you can see the price of steem is rocketing up. Keep well and rock on-David
Because the old paper wallet has all the history of any Bitcoin held in it PRIOR to the Fork, so it doesn’t matter that you’ve now moved the coins to a different address. The history is still left behind.
Yes. I would recommend coinomi to claim your forked coins as it’s a very safe wallet, but even so you should always move your Bitcoin out of your original address before claiming forked coins from that old address to avoid any possible issues
thanks Darren -- you have been a big help -- my money is out of my paper wallet now and I will try to set up a coinomi soon -- what forks are they going to credit me with and do I have to specifically claim the forks I seek to be compensated for - sorry to ask such basic questions - I really appreciate you giving me assistance
One suggestion I can make . If you know how to create paper wallets. Create a few wallets with $10 in them. When forks happen just use the small amount wallets to claim / test the forks . That way you will not exposed big amounts of BTC . That just how I do it. I test with small amounts.
i have to admit i am reluctant to claim any forks, as i am scared to lose my BTC and don't want to expose myself to malware. Thanks for the advice about creating small test wallets. Last night i cashed out 59 steem for 0.028 BTC , the price was really high for steem, the last time i cashed out was, 170 steem for 0.031 BTC, so you can see the price of steem is rocketing up. Keep well and rock on-David
If you first move your btc to a different paper wallet, then you would not be exposing it at all
if i move my btc then how do they know how much i had to claim of the free coin ?
Because the old paper wallet has all the history of any Bitcoin held in it PRIOR to the Fork, so it doesn’t matter that you’ve now moved the coins to a different address. The history is still left behind.
ok I haven't claimed BTG or any other forks - have you claimed any and was it safe and successful?
Yes. I would recommend coinomi to claim your forked coins as it’s a very safe wallet, but even so you should always move your Bitcoin out of your original address before claiming forked coins from that old address to avoid any possible issues
thanks Darren -- you have been a big help -- my money is out of my paper wallet now and I will try to set up a coinomi soon -- what forks are they going to credit me with and do I have to specifically claim the forks I seek to be compensated for - sorry to ask such basic questions - I really appreciate you giving me assistance