Hello all,
I am owning some bitcoins and other alt coins since a while and I have been reading a lot over here in stealth modus, really helpful.
Now there is a fork coming up and I am confused;
As far as I can see a fork is like a share split of a company. Like Pfizer dId with zoetis in the US. The owners of shares in Pfizer also get shares in zoetis for free, right?
Now let's say I have my bitcoin stored at coinbase. Do I automatically get the fork shares? Does coinbase support it? Or do I have to put them in a different wallet?
Do I have to claim them?
That is unclear to me. Maybe somebody can help me and probably some others out on this subject?
Basically when you are having some amount of bitcoin in a wallet and you are the one owning the private keys to that then you can claim your forked altcoin after the forking happens. That was how the previous fork of BCH occured and also how this one is going to work.
If you want to claim bitcoin gold out all the wallets that you have, then during the time of forking make sure that they coins are in a wallet that you have control over and not an exchange. I dont know about coinbase but I do not trust web wallets and so I prefer the Electrum desktop wallet.