Post
Topic
Board Bitcoin Discussion
Re: Hard Fork guide (if it will happen)
by
Foxpup
on 14/03/2017, 08:10:31 UTC
If I have my coins in cold storage, what's the procedure if I want to sell off my Unlimited coins? I assume it's the following:
 
  • Export my private keys from my cold wallet (or wherever they are stored)
  • Download and install Bitcoin Unlimited client
  • Import my private keys into my Bitcoin Unlimited client
  • Send my BU coins to an exchange (say shapeshift.io) in exchange for Core coins or fiat or whatever
  • Provide new cold storage addresses to receive the new Core coins

Is that right?
No. Your BU transaction can be replayed on the Core chain, with the result that you lose all your Core coins.