Re: Claiming BCH from BTC stored in Electrum and moving everything to Ledger Nano S
⭐ Merited by vapourminer (1)
Hi,
Thank you all very much for replying and all the tips and advice.
There's a reason I posted this in the Beginners section.
Although I think I understand adequately well what's involved and the precautions I have to take, I'm afraid I didn't fully understand everything everyone said, for example this:
or this:
I'm trying to simplify this for myself as much as possible, but still stay safe obviously.
I learned (after posting my initial post) that Ledger officially supports Electrum too, as an alternative to Ledger Live (at least when it comes to BTC). So what I'm wondering is, can I create a new wallet in the same Electrum installation that currently hold my BTC, but set it up to use the Ledger Nano S? And then simply send from original wallet to the newly created Ledger wallet? Or is this unsafe for some reason? Also, if I do decide to set up my Nano S with Electrum, will I then be able to view it (and do everything else) in Ledger Live? In other words, if I make some transactions in the Electrum Nano S wallet, will I see those transactions in Ledger Live (and vice versa)?
That, exactly, is the purpose of this post.
Again, thank you everyone.
Thank you all very much for replying and all the tips and advice.
There's a reason I posted this in the Beginners section.
Although I think I understand adequately well what's involved and the precautions I have to take, I'm afraid I didn't fully understand everything everyone said, for example this:I think you're better off installing electrum cash's client, create a wallet with your hardware device and modify the derivation path to your biitcoin one (whatever that was).
or this:
Depending on the amount of coins you may want to create offline transactions for the Forkcoins.
I'm trying to simplify this for myself as much as possible, but still stay safe obviously.
I learned (after posting my initial post) that Ledger officially supports Electrum too, as an alternative to Ledger Live (at least when it comes to BTC). So what I'm wondering is, can I create a new wallet in the same Electrum installation that currently hold my BTC, but set it up to use the Ledger Nano S? And then simply send from original wallet to the newly created Ledger wallet? Or is this unsafe for some reason? Also, if I do decide to set up my Nano S with Electrum, will I then be able to view it (and do everything else) in Ledger Live? In other words, if I make some transactions in the Electrum Nano S wallet, will I see those transactions in Ledger Live (and vice versa)?
Know what you're doing before doing it.
That, exactly, is the purpose of this post.
Again, thank you everyone.