Post
Topic
Board Beginners & Help
Re: Claiming BCH from BTC stored in Electrum and moving everything to Ledger Nano S
by
vladman
on 10/12/2020, 17:28:46 UTC
You should really first learn how bitcoin actually works.

The coins are not stored inside of your wallet.
The coins are assigned to your public key on the blockchain. Your wallet holds the private keys.

As long as you have access to your private keys (by having a backup of your mnemonic code), you won't lose access to your coins.
When you somehow fail to send a transaction, the coins can not be lost. They either are assigned to your public key or if you send a transaction, they will be assigned to the recipients public key. There is no in-between. There is no "limbo".

I do understand all that. Still, because I'm aware how a lot of people lose access to their coins, be it due to their own mistakes, or by being hacked, I was extra paranoid, and then still managed to do something stupid myself Roll Eyes, although, thankfully, not catastrophic. In the moment immediately after accidentally deleting my transaction, and in my heightened state, I really reacted viscerally, and needing some kind of reassurance I posted here.

I'm very thankful to you and others here who have contributed and helped me along the way.

Right now, I'm still waiting for the transaction to confirm...

Thanks again.