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.
Yes you will get coin equal to any amount of bitcoin you will have in your bitcoin address.
Lots of exchange platform might support the forked coin just after the split if it will have enough community support or demand. Bittrex for example enabled bitcoin cash trading just after few days of fork on last august.
However it is advised to save bitcoin in paper wallet so that you can import that bitcoin address in any wallet that will support forked coin in future. You can than move those forked coins you will receive after split.