If you’re reading this, then you’re probably wondering how to get your hands on some Bitcoin Cash (BCH). Well, wonder no more! In this article, we’ll explain how to claim your Bitcoin Cash if you owned Bitcoin (BTC) at the time of the fork.
First things first, what is a fork? A fork is a change to the software of a cryptocurrency that creates two separate versions of the blockchain with different rules. Forks can happen spontaneously (like when Ethereum hard forked from Ethereum Classic) or be planned in advance (like when Bitcoin Cash hard forked from Bitcoin).
When a fork occurs, typically each holder of the original currency gets an equal amount of the new currency. So, if you held 1 BTC at the time of the Bitcoin Cash fork, you would now have 1 BTC and 1 BCH.
Now that we’ve got that out of the way, let’s get to the good stuff. Here’s how to claim your Bitcoin Cash if you owned Bitcoin at the time of the fork:
If you held your Bitcoin in a wallet where you control the private keys (like a Trezor, Ledger, or Core wallet), then you can follow the instructions below to claim your Bitcoin Cash.
If you held your Bitcoin in an exchange that is not supporting Bitcoin Cash (like Coinbase, Kraken, or Bitfinex), then you’ll need to wait until your exchange adds support for Bitcoin Cash. Once they do, you’ll be able to withdraw your BCH.
1. Export your private keys from your Bitcoin wallet
If you held your Bitcoin in a wallet where you control the private keys, then you’ll need to export your private keys before you can claim your Bitcoin Cash.
Exporting your private keys is relatively easy if you’re using a Trezor or Ledger wallet. You can find instructions for doing so here and here, respectively.
If you’re using a Core wallet, then you’ll need to use the bitcoin-cli command line interface. The instructions for doing so can be found here.
2. Import your private keys into a Bitcoin Cash wallet
Once you’ve exported your private keys, you’ll need to import them into a Bitcoin Cash wallet so you can access your BCH.
There are a few different wallets that support Bitcoin Cash, but we recommend using either the Electron Cash or Bitcoin ABC wallets. You can find instructions for setting up each of these wallets here and here, respectively.
3. Wait for confirmations
Once you’ve imported your private keys into a Bitcoin Cash wallet, you’ll need to wait for confirmations before your BCH will show up in your wallet.
Bitcoin Cash uses a different proof-of-work algorithm than Bitcoin, so you’ll need to wait for six confirmations before your BCH will be credited to your wallet. This process can take up
Other related questions:
Q: How do I get my bitcoin cash from Blockchain?
A: Unfortunately, at this time, there is no way to retrieve Bitcoin Cash from Blockchain.
Q: How can I get my bitcoin cash?
A: There are a few ways to get Bitcoin Cash (BCH):
-If you had Bitcoin (BTC) in a wallet at the time of the hard fork on August 1st, 2017, you should have an equal amount of BCH. Check your wallet to see if you have any BCH.
-Some exchanges, such as Kraken and Bittrex, allow you to trade BTC for BCH.
-You can also buy BCH directly from another person using an online marketplace such as LocalBitcoins.