Post
Topic
Board Bitcoin Discussion
Re: Hard Fork guide (if it will happen)
by
AT-N-T101
on 15/03/2017, 19:19:36 UTC

Most probably, the safest method is to use an exchange that lists both coins, and has provisions to do the split for you, that is, to send the "unified old coins" to an address attached to you on the exchange.  The exchange will then give you IOU of both types of coins.  You can trade those (for instance, selling off your bitcoinx and buy more bitcoin, or selling off bitcoin to get more bitcoinx).  When you will withdraw the coins, they will be 1 type only.

But be sure you use an exchange that knows how to handle this.  Most big exchanges learned this during the ETH/ETC split.  Some made big mistakes.  Some stole the ETC of their customers, pretending they didn't "list" ETC.


I agree that outsourcing the problem is *perhaps* the safest way to proceed. Which exchanges have a proven track record of doing this for ETC that you could recommend?

I split a few coins on Kraken without problems.   I don't invest in crypto, but I play with a few coins for fun.
Here you can make good money without investing, but playing gambling, I understand your hobby, it's not a good thing. I would be afraid to spend money, because you can cross the line.