ok sounds good.. but suppose I was a buy and hold sort of investor.. In that case, I'd be stuck with keeping the forked coin in the exchange until it's valuable enough to pay transctions fees (if ever)...
And exchanges can be hacked so I don't like leaving BTC in there long. But confirming my thinking here, is that correct?
If you just like to sell your bitcoins or forked coin after fork than you can store bitcoin during fork in any of the supporting exchange and than sell them, cashout fiat.
But if you want to store both coins for longer term, than store your bitcoin in electrum or simple paper wallet (main point is that you should have private key of that bitcoin address where you will hold bitcoin during fork). Now you don't have to do anything, when you want to move those forked coin than simply import your bitcoin address in one of the supporting wallet (you will see something similar to electrum after fork).