Hi everyone,
i got a question.
At the moment i store my Bitcoins on Paper Wallets. But now August 1st is coming, should i put the coins on a wallet on my pc?
I am asking because if the Blockchain splits i guess my coins (if on a wallet on pc) go to both chains.
But what will happen to my coins on the paper wallet?
Thanks in advance
1st August isn't the set date for a chain split to happen. What will happen on that day though is the UASF, which won't result in a chain split but may or may not indirectly contribute to activation of hard forks.
As long as you have the private key of the bitcoin wallet you store coins on then you're fine. If you have your coin on an exchange then i suggest you send these coins into either a hardware or paper wallet. Blockchain.info would work fine too although they may only support one chain after the potential chain split meaning atht you'd have to import your private key elsewhere to gain access to the other coins.