Post
Topic
Board Altcoin Discussion
Re: Best way to claim ETH fork
by
zasad@
on 04/09/2022, 11:20:46 UTC
Can someone please share me the best exchange to claim free Ethereum forks? I am used to binance only but rumour has it that when it comes to fork binance takes too much time, sometimes up to a week or two, any other exchange that supports this fork?
Let's say you have 100 Ethereum coins.
it's about $155,000
If the price of an ETHW coin after the launch of a new blockchain with a POW algorithm will cost 32 dollars (it will take the price of ETC),
then upon sale you will receive 3200 dollars.
Now let's check your risks. You need to store 100 ethereum coins ($155,000) on exchanges to possibly earn $3,200. This is shitty risk management.
It is better to create a new wallet in a metamask and transfer money there before taking a snapshot of the blockchain, then return the ETH coins to your wallet. Then try to sell ETHW.