ASSISTANCE - BITCOIN GOLD FORK (LEDGER WALLET) by cryptovoice

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bitcoin · @cryptovoice · Oct 24 '17

$0.15

ASSISTANCE - BITCOIN GOLD FORK (LEDGER WALLET)

I'm holding the BTC on the Ledger Nano S wallet. Am I able to move my BTC after the bitcoin gold fork happens? No one seems to know the answer to this darn question! If I move the BTC now from my ledger wallet after the fork happens, will I still be credited BTG?????? Someone please help answer this question.

👍 cryptovoice, belleamie, lawyerup, atsobanakis

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@belleamie · Oct 24 '17

$0.09

My understanding is that BTG will be credited to you on the blockchain, and should not effect your ability to move your BTC before or after the gold fork. The November fork is a completely different situation, and you should probably just hold tight until the dust settles. At a minimum have your BTC in a private wallet and not an exchange before the November fork, and wait until you can figure out how to separate your coins before spending any BTC, as you could unintentionally make a double payment and not be able to recover it. I'm new, so just planning to leave my BTC in my wallet until after the November fork settles and I can assess which blockchain is worth my time. I only started following about a week ago, so am not sure which camp I am in with regards to November fork. I'd love to hear other steemit user opinions.

👍 cryptovoice

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@cryptovoice · Oct 24 '17

Thank you for your response. I am still not understanding how the BTG will be credited to my ledger wallet... I thought the BTG fork already occurred today? If I was holding BTC in my ledger wallet during the BTG fork, I was under the impression that I would be credited the same amount of BTC in BTG on my ledger wallet, is that correct? Also, now since the fork already happened, am I able to move my BTC from the ledger wallet or will I lose the chance of receiving BTG?

👍 belleamie

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@belleamie · Nov 7 '17

Bitcoin Gold is supposed to have strong replay protection, so I see no problem moving and using your BTC post gold fork. To claim your Bitcoin Gold, you may still need to wait a while longer until you have a trusted walet that supports Bitcoin Gold, then follow instructions given for that wallet. Essentially, if you had your coins in a ledger wallet at the time of the snap shot, you should be just fine moving your BTC. However, I would make sure your BTC all stays put in your ledger wallet after the Nov. 18th fork, and not move or spend it until we know what is going on. That is because there will not be replay protection, and there is plenty of unknowns with regards to which surviving blockchain will ultimately be BTC.

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@steemitboard · Jul 23 '18

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@steemitboard · Jul 23 '19

Congratulations @cryptovoice! You received a personal award!

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