Hello,
I am a relatively new investor in Bitcoin, and recently I have been reading about a fork to Bitcoin gold. My understanding is that everyone who owns Bitcoin receives the equivalent number of coins in the forked currency, once the fork takes place. Is this correct?
Do I have to store my Bitcoin in a specific wallet (I might be new, but I'm not stupid enough to send my coin to you ;-) ), or do anything to activate this, or will it happen automatically? (If the fork goes ahead, of course).
Thanks for any advice.
The ratio will be 1:1 and you will receive your forked bitcoincs without doing anything. The process will be automatic and you'll be given the new ones automatically. You have to make sure that you have them in a private wallet. Not the exchange ones, they can make problems to you.
Can you please advise which online wallets are considered as private and will be illegible for Fork? I have payeer, coinbase, cryptopay and exodus. Thanks