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Hodlhodl[1] has a 0.6% fee, which is pretty low enough. It's a peer-to-peer exchange though, so watch out for scammers and all that, and just pick the BTC buy/sell price you're happy with. It's not as easy to use as exchanges such as Coinbase and Kraken, but the reason why exchanges like Coinbase and Kraken have kinda high fees is because they're so easy to use and that the liquidity is pretty high(which is a good thing).
[1] https://hodlhodl.com/pages/faq
[1] https://hodlhodl.com/pages/faq
I'd rather play it extra safe, but thanks for the suggestion. I may explore it in the future though.
According to https://www.kraken.com/features/fee-schedule, that 1.5% is for their instant trade services. If you use the spot trading platform, the fee is lower than that (if I understood it correctly). Most exchanges do this btw, you pay a premium if you use any instant trade services since it doesn't go to the order book, which is probably good for a trade with a huge volume.
You still need to count the withdrawal fee though. Most fiat withdrawal fee is quite "high: btw. Can't be helped since you're dealing with fiat.
You still need to count the withdrawal fee though. Most fiat withdrawal fee is quite "high: btw. Can't be helped since you're dealing with fiat.
I'll need to figure out what a spot trading platform is. Yes, I'm totally clueless. This is the first time I sell BTC for FIAT. Thanks for the tip.
Binance has the lowest fees
1.5% is very high for Kraken.
Binance fees are 0.1% for a spot trade. Both for maker and taker.
Also, remember to check the exchange rate. I see some people do recommend peer-to-peer exchanges and they might offer a good fee rate but the exchange rates are usually very bad since the liquidity is very low.
If you are about to withdraw your EUR to another bank you should also check the withdrawal fees (Also, Binance has very low withdrawal fees 0.02%)
You can check exchange rates if you go to Coinmarketcap, Search for your coin, Click on the markets tab (unfortunately peer-to-peer are not listed here)
You can get even lower fees on Binance if you use a referral ID that will give you -20%. Here is such a referral ID: Q06V9V1I
1.5% is very high for Kraken.
Binance fees are 0.1% for a spot trade. Both for maker and taker.
Also, remember to check the exchange rate. I see some people do recommend peer-to-peer exchanges and they might offer a good fee rate but the exchange rates are usually very bad since the liquidity is very low.
If you are about to withdraw your EUR to another bank you should also check the withdrawal fees (Also, Binance has very low withdrawal fees 0.02%)
You can check exchange rates if you go to Coinmarketcap, Search for your coin, Click on the markets tab (unfortunately peer-to-peer are not listed here)
You can get even lower fees on Binance if you use a referral ID that will give you -20%. Here is such a referral ID: Q06V9V1I
Thanks to you too. I will check them out.
Sorry if this is a stupid question. I did some googling and registered in Kraken to sell some BTC yesterday seeing that people where recommending it, but they charged me what seems like a bit too high of a fee for exchanging BTC to EUR, a 1.5% or something like that.
What would you recommend as an alternative that is safe and has low fees, please?
Thanks
What would you recommend as an alternative that is safe and has low fees, please?
Thanks
I really don't understand how that replay protection thing works. I get the idea, but I'll need to dig into it.
As long as you have an input that doesn't exist on the other chain, the transaction can't be replayed there. I can send you some "dust" to ensure it can't be replayed, just give me a BCH addy and add my dust to your transaction.Disclaimer: this might compromise your privacy by exposing your addresses. It's up to you if that's worth it.
OK, I think I get it now. I just swept all my old addresses to new ones in the Electrum Cash wallet, meaning that any transfers I do with these new addresses won't effect the balance of my old addresses in the other forkcoin chains, right? The fact that the old addresses still hold the coins in BCHA seems to confirm that (just double checked at blockchair)
The OKEX address is 3L7fzCLNT77r4piGjDRASGpfRBT2fGyKac
I think you should enter the address in CashAddr format. You can use blockchair to find the CashAddr format of your address.
https://blockchair.com/bitcoin-cash/address/3L7fzCLNT77r4piGjDRASGpfRBT2fGyKac
Thanks, I'll try that.
Did you add replay protection
No idea what that is or if I did 
Quote
The Poloniex address is 13jaEByoEb78iMAVM7QsJosxxwZbt3hr9k
Blockchair shows only BCH has moved. Your sending address had received the transaction on the same day (I guess you sent that within your own wallet), and those funds were received in 2014. This address still holds BCH-A and BSV. If you have a significant amount, you can claim BSV/BCD/BTG/BCH-A too. If it's only a few bucks worth of BCH, the others lower than BSV may not be worth your time.That qpf0enqj3mwsm0lu43cgteks0j39agmt9vu3upkd3f is one of the newly created ones in the Electrum wallet. I sweeped two of my lesser addresses there for testing purposes.
I really don't understand how that replay protection thing works. I get the idea, but I'll need to dig into it.
Did you add replay protection
No idea what that is or if I did
I'll google it, but right now I'm just sending a very small amount of BCH to the exchange to make sure everything works.or did you accidentally send your BSV and BCH-A to the same exchange too?
As far as I can tell there's only BCH in the Electrum Cash wallet. I downloaded it from here: https://electroncash.org/ Got the portable version.
Would screenshots help? Of what?
I'm making some progress. The new wallet is done and secured, and all the coins transferred there. Already imported the old private keys into Electron Cash to claim my BCH, but I'm getting the following error when I try to send the money to an exchange.
Possible BTC Segwit address in 'Pay to' field. Please use CashAddr format for p2sh addresses.
Any idea what that means, please?
Possible BTC Segwit address in 'Pay to' field. Please use CashAddr format for p2sh addresses.
Any idea what that means, please?
Thank you for the detailed answer. I'll get to it as soon as my BTC wallet finishes syncing. 8% to go, but man, this shit takes forever, even with the dbcache=6144 set to 6GB. It's only doing 0.5% per hour.
I forgot to ask... what CPU do you have? and are you storing the Bitcoin Core data on an HDD or SDD and is it internal or external? 
[/quote]
It's an aging Sandy Bridge I7, tried a number of things including loading my overclock BIOS profile. That didn't seem to make a difference.
8GB of RAM and the wallet sits in a slow 5400 rpm HDD for now. I think I should be fine if I'm diligent and don't let it go out of sync for months like I just did, but I'm guessing the hard drive is my bottleneck in this particular task.
Is there a command to check if the address is in the wallet, to be 150% sure that I won't be sending the money to an address I don't own?
Try using the getaddressinfo command:Code:
getaddressinfo 1BitcoinAddress
Right near the top of the output you should see "ismine". If that is "true" then the private keys that the address is derived from is in your wallet.dat.
NOTE: If you have multiple wallet.dat's "open" in Bitcoin Core, make sure you have set the correct wallet selected in the dropdown menu in the console window
That did the trick, thank you. You can never be too sure of something like this, hehe.
⭐ Merited by HCP (1)
OK, so I'm in the process of sending my coins to a newly created address in the new wallet. Is there a command to check if the address is in the wallet, to be 150% sure that I won't be sending the money to an address I don't own?
Thank you for the detailed answer. I'll get to it as soon as my BTC wallet finishes syncing. 8% to go, but man, this shit takes forever, even with the dbcache=6144 set to 6GB. It's only doing 0.5% per hour.
Does it make more sense (timewise) to claim all the forks directly on coinomi? Except for BCD (IIRC), you can claim the rest directly with them; you move the private keys less times, make a single sweep, and can even dump everything for BTC at the same place.
Yes, that's faster. But I prefer to sign transactions offline, and BCH is the most valuable Forkcoin. Coinomi still doesn't let you split BCH-A though, and indeed BCD isn't supported.Sorry, I don't understand why I would need to get the private keys from my old wallet. Could you please elaborate?
Before you can claim the forked coin will need to sweep your old wallet using your private keys or seeds. Thats why you asked to move your BTC to new wallet.EDIT: Is it to import them into those electrum wallets so I don't need to download the other coin's blockchain?
Yes, Electrum wallet is lite than Bitcoin core but you need to download the wallet from the official site electrum.org and verify the wallet.Really sorry, but I'm not sure I understand the bolded part. Do you mean I need my private keys to transfer the coins to a new wallet? I plan on doing that with the BTC Core wallet, which would be using my private keys, obviously.
Then I can safely use my (now empty) old wallet to claim the coins, it I got it right.
EDIT: Silly me, I can simply create a new wallet locally, transfer my coins there, and then use the old wallet to claim those forkcoins, right? Sorry to be such a pest, but I need to be 100% positive that I'm not missing something.
You could... but the issue is that you still need to download the forkcoin blockchain if you want to use the old wallet.dat with the forkcoin wallet... (and in the case of BCH or BCHA or BCHN or whatever the hell it's called these days), that is quite a significant amount of data (not quite as big as Bitcoin Core, but it's still a couple of hundred gigs 
).If you create a "new_wallet.dat" in Bitcoin Core, then move all your BTC from your old wallet.dat to an address in "new_wallet.dat"... then you could simply use the dumpwallet or dumpprivkey on the old wallet.dat file to get the private keys you need.
You can then use any of the wallets that LoyceV listed above to import those keys and get the fork coins.
The important part is to move all your BTC to a completely new wallet.dat first... and then start messing about with claiming forkcoins.
OK, so I need to transfer the coins to a new address in a new wallet.dat and pay whatever fees apply, there's no way around that, right?
Gotcha, thanks. Right now I don't have a bed with enough free space to store another copy of the blockchain. I guess I could create an online address and then later import the private keys into a fresh wallet, but I can't screw this up.
Is at least the BCH wallet safe?
Is at least the BCH wallet safe?
Thanks guys. I had already checked in the BCH block explorer and there is some dough in there.
I'm an idiot. Back when the hard fork happened, I sold all the BCH I had in Poloniex almost immediately, but it didn't even occur to me that there would also be something left int my offline wallet. Lost quite a bit of money, but hey, live to learn I guess
I'm an idiot. Back when the hard fork happened, I sold all the BCH I had in Poloniex almost immediately, but it didn't even occur to me that there would also be something left int my offline wallet. Lost quite a bit of money, but hey, live to learn I guess
I used Electron Cash to claim my BCH, can’t remember what I used to claim BSV, could have been Coinimi mobile app. Like said above though, make sure you move you bitcoin out of those addresses before you start claiming shitcoins.
I will, thanks again.
I really need to keep up with all this stuff. What a fuck up.
Thanks guys. I had already checked in the BCH block explorer and there is some dough in there.
I'm an idiot. Back when the hard fork happened, I sold all the BCH I had in Poloniex almost immediately, but it didn't even occur to me that there would also be something left int my offline wallet. Lost quite a bit of money, but hey, live to learn I guess
I'm an idiot. Back when the hard fork happened, I sold all the BCH I had in Poloniex almost immediately, but it didn't even occur to me that there would also be something left int my offline wallet. Lost quite a bit of money, but hey, live to learn I guess
Hi guys. I'm wondering if there's a way to check if I have any BCH from the BTC hard fork in my old BTC addresses.
Can I simply download the BCH wallet and replace the wallet.dat with the one in my BTC wallet?
Thanks
Can I simply download the BCH wallet and replace the wallet.dat with the one in my BTC wallet?
Thanks
Re: ¿Sería posible que la cantidad de Bitcoins no fuera limitada?
En Bitcoin puedes estar seguro de que no va a pasar. Es una moneda deflacionaria por "definición". Como comentan arriba, por poder, podría pasar, pero Bitcoin fue concebida para ser deflacionaria y cambiar eso sería un sacrilegio.
Yo personalmente no creo que eso sea la panacea, porque las criptos deberían estar para usarlas, y siendo deflacionarias desincentivan su uso e incentivan su acumulación. Una moneda con emisión ilimitada y constante será inflacionaria, pero no es tampoco como un gobierno poniendo en marcha la máquina de billetes a su antojo.
Ethereum por ejemplo es inflacionaria
Imagino que lo preguntas por saber si hay riesgo de que BTC pierda valor por cambiar su emisión en el futuro, y la respuesta es que por eso no va a ser. El simple hecho de sugerirlo provocaría un terremoto de proporciones épicas
Yo personalmente no creo que eso sea la panacea, porque las criptos deberían estar para usarlas, y siendo deflacionarias desincentivan su uso e incentivan su acumulación. Una moneda con emisión ilimitada y constante será inflacionaria, pero no es tampoco como un gobierno poniendo en marcha la máquina de billetes a su antojo.
Ethereum por ejemplo es inflacionaria
Imagino que lo preguntas por saber si hay riesgo de que BTC pierda valor por cambiar su emisión en el futuro, y la respuesta es que por eso no va a ser. El simple hecho de sugerirlo provocaría un terremoto de proporciones épicas
Ojo que el concepto de inflacionaria y deflacionaria no se basan en que sea o no limitada la emisión, sino en que la oferta supere a la demanda (inflacionaria) o viceversa. Por ahora ni Bitcoin ni Ethereum han sido de media inflacionarias (respecto al dolar).
Creo que estamos hablando de cosas distintas. Yo me refiero a que Bitcoin fue diseñada para ser deflacionaria. No se puede definir la demanda en el diseño, pero sí la oferta (la emisión de monedas, su límite y progresión) y la emisión de BTC. Luego claro que dependiendo de la demanda y por tanto, la cotización, pueden haber períodos de inflación o deflación, pero yo me refería exclusivamente al carácter deflacionario del diseño de BTC.
Porque la emisión es decreciente con un límite máximo de monedas. Entiendo lo que dices de la inflación y el consumismo, pero la deflación puede generar una espiral deflacionaria muy peligrosa, como veo que ya ha comentado MbyzIco. No es que yo sea ni mucho menos un gurú de la economía, ni por asomo, pero siempre digo que las monedas están para usarlas. Si hay deflación el incentivo es acumular las monedas, y las acumulan los que pueden, es decir, los que tienen sus necesidades cubiertas. Imagino que hay un término medio feliz
Re: ¿Sería posible que la cantidad de Bitcoins no fuera limitada?
En Bitcoin puedes estar seguro de que no va a pasar. Es una moneda deflacionaria por "definición". Como comentan arriba, por poder, podría pasar, pero Bitcoin fue concebida para ser deflacionaria y cambiar eso sería un sacrilegio.
Yo personalmente no creo que eso sea la panacea, porque las criptos deberían estar para usarlas, y siendo deflacionarias desincentivan su uso e incentivan su acumulación. Una moneda con emisión ilimitada y constante será inflacionaria, pero no es tampoco como un gobierno poniendo en marcha la máquina de billetes a su antojo.
Ethereum por ejemplo es inflacionaria
Imagino que lo preguntas por saber si hay riesgo de que BTC pierda valor por cambiar su emisión en el futuro, y la respuesta es que por eso no va a ser. El simple hecho de sugerirlo provocaría un terremoto de proporciones épicas
Yo personalmente no creo que eso sea la panacea, porque las criptos deberían estar para usarlas, y siendo deflacionarias desincentivan su uso e incentivan su acumulación. Una moneda con emisión ilimitada y constante será inflacionaria, pero no es tampoco como un gobierno poniendo en marcha la máquina de billetes a su antojo.
Ethereum por ejemplo es inflacionaria
Imagino que lo preguntas por saber si hay riesgo de que BTC pierda valor por cambiar su emisión en el futuro, y la respuesta es que por eso no va a ser. El simple hecho de sugerirlo provocaría un terremoto de proporciones épicas
Ojo que el concepto de inflacionaria y deflacionaria no se basan en que sea o no limitada la emisión, sino en que la oferta supere a la demanda (inflacionaria) o viceversa. Por ahora ni Bitcoin ni Ethereum han sido de media inflacionarias (respecto al dolar).
Creo que estamos hablando de cosas distintas. Yo me refiero a que Bitcoin fue diseñada para ser deflacionaria. No se puede definir la demanda en el diseño, pero sí la oferta (la emisión de monedas, su límite y progresión) y la emisión de BTC. Luego claro que dependiendo de la demanda y por tanto, la cotización, pueden haber períodos de inflación o deflación, pero yo me refería exclusivamente al carácter deflacionario del diseño de BTC.
EDITO: Por cierto, estaba equivocado en lo de que Ethereum es inflacionaria, porque según aumenta el tiempo de bloque la emisión se ralentiza, y si se pasan a PoS como parece, por lo que sé no va a contribuir a la inflación, más bien lo contrario, al good old HODL