Post
Topic
Board Bitcoin Discussion
Re: Do I heed to do something with my coins before and if there is a fork?
by
user27
on 23/03/2017, 05:42:52 UTC
Hi All
Simple question.
Do I heed to do something with my coins before and if there is a fork or any other change?

Thanks

 

Nope, you don’t need to do anything in a case of a hard fork.

Let’s say that you have 10 BTC in an address that you hold, when the fork happens, you’ll have 10 BTC on the Bitcoin Core chain and another 10 BTU on the bitcoin unlimited chain.

Pretty sure that if you hold your coins on an exchange most of the exchanges will reimburse your coins to you in the form of both BTC and BTU, except if your coins are on loan for margin trading on Poloniex, I believe.

If you only want one version of bitcoin, then you can sell your BTC for BTU or BTU for BTC after the fork.