So if you're only holding small quantity of Bitcoin, or you don't want to go through the hassle of securing your Electrum from replay/split/you-name-it attacks, there's good solution now.
If you have a Bitcoin (BTC) balance on Bittrex during the BCC UAHF time on August 1st, 5:20am (12:20pm UTC), you will be credited the equivalent amount of Bitcoin Cash (BCC) on a 1:1 basis. i.e. 1 BTC on Bittrex held during the on-exchange snapshot will get you 1 BCC.
Bittrex just announced BTC/BCC support!
Read Full Announcement: https://support.bittrex.com/hc/en-us/articles/115000808991
The idea is to just send your BTC over, and to send them back after fork is confirmed.
Centralized Exchange Risks apply here, but may be worth it if you do not intend to clutch your Trezor or setup a full new Electrum Wallet to split BTC<>BCC
Buy and Sell Steem & Steem Dollar at best rates!
Thanks I will do this. Did you hear about jaxx or exodus?
would not trust jaxx or exodus to manage this one.
They did all right with etc if I remember correctly.
Great info thanks :)
thanks for your information. I am happy to receive the information. Please give me more about my friend bitcoin
Both are equal BTC/BCC
Great info good j
So bittrex is giving everyone 2 coins?... Or are they just supporting BCC?
Let's say you have 0.5 BTC in your Bittrex wallet. On the day of the fork you will find out your BTC wallet still has 0.5 BTC, but you will also find that you've got another wallet, a BCC wallet with exactly the same amount of 0.5.
The best way to think about the fork(for me) is equating the blockchain to a train track on which there is a train filled with passengers each with their own seating arrangements(wallets). The train reaches a fork in the train track. At that moment the train duplicates itself and 2 identical trains carry on on both tracks after the fork. Until that moment all passengers still had their own seats and the train driver knew where each would move if they moved. After the fork each train driver knows about their own passengers, but not about the ones in the other train and each train will develop independently from the other. Bittrex could be imagined as a train station operator. It already had a station for loading/unloading the passengers from the original train(BTC) but it is also opening a station(wallet) for the other train (BCC).
yep thats it :)
they will split bitcoin and bcc for you. so in the end you have bitcoin and bcc.
Are we going to be able to trade BCC for BTC? or for any other altcoin?...
yes, some exchanges already announced trading pairs for BCC.
You got my vote and a resteem :)
Whew, thanks for bringing this to my attention, @ash. Have a 100% up for this. Crucial info! I was in the process of pulling BTC off of Bittrex over the past several days. Wish Bittrex would've made this known a bit sooner!!!
it still makes sense to get btc off, in case you want to participate in BCU (Bitcoin United) fork... you definitely need access to private keys for it
True, true. Which I fully intend on doing. I was mainly worried about being limited by my withdrawal limit keeping me with some BTC on the exchange during the date of the fork. Interesting times!!! Can't wait to see how BCU plays out.
oh yeah, the limits... I tend to forget about them, legacy (or whatever its called) account here :)
Lucky bastard!!! haha
You have a legacy account with them? How did you manage to get that with them?
Also does it need to be verified?
I mean if someone wanted to use it for some of their trades for a weekend, would they be allowed to log into it form their own location and not have any issues with bittrex locking down the account?
no idea how I got one. being a customer for some years probably helped
What exciting and interesting times!
The last few weeks have been such a roller coaster ride for the news on BTC, the fork and all the possibilities.
News is looking up as of now, things seem to be in order and moral high.
Now we shall see what happens!
Dun Dun DUN!