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RE: Bitcoin Hardfork On August 1 - Timeline And What You Need To Know About Bitcoin Cash (BCH)

in #bitcoin8 years ago

If I am not mistaken, exchanges can get acces to your private keys so your coins are not fully secure or they can be hacked. Moreover, some exchanges will not be giving the 1 to 1 for BCC. For example, coinbase.. which is shocking because it's pretty popular.
The whole idea of moving it from the exchange to a wallet is so to keep it secure and being certain that you will have 1 BCC for each BTC... but this just my opinion and I am new to this stuff.

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I thought only exchanges give you the 1:1 BCC. And yes, I know about coinbase. I sold my remaining BTC on there and am looking for an alternative still.

Thanks!

@sjennon no it depends on the exchange. You get the 1 to 1 by just having a bitcoin. Since BCC is a fork from Bitcoin, if you had your bitcoin in a wallet, the next time you transfer to an exchange that has BCC option you will get the 1 to 1 ratio.

Ah I see! Not sure if I should change it now though.. it's pretty close to the fork and I don't want it to get lost in transfers.

Thank you :)