How to make money on the fork of Bitcoin — step by step instructions

Fork — a branch of the new cryptocurrency from an existing one. Especially developers like to use the code of Bitcoin: is added to the name of the sonorous word and receive a new coin with a lot of investment. Usually, when fork owners the “parent” crypto-currencies get a pretty bonus to your savings. Today I will show you how to get about 270 dollars for each bitcoin, which was on your account during the period from November to December 2017.

The basic principle of obtaining the new coins

The article How do I store Bitcoin? Start the wallet we talked about how the wallet out bitcoins and what are the keys and so on. This time let’s make this easy.

You have a purse. His address, for example, 14qViLJfdGaP4EeHnDyJbEGQysnCpwn1gz. You use this address to receive coins, say his friends, mining for him. Once you have the private key the key of your purse, for example, E9873D79C6D87DC0FB6A5778633389F4453213303DA61F20BD67FC233AA33262. The private key gives access to coins in your wallet, its no one’s allowed to show.

When you want to get a new coin, you need to do the following:

  1. Transfer all coins to a new wallet. Old purse you no longer use will not! If mining, mine also start on the new wallet.
  2. To export a private key from old wallet if you have not done it.
  3. Insert the received private key in the wallet for a new fork and get access to the coins.
  4. Send coins to the exchange that supports trading new cryptocurrency and if you wish to sell.

Attention! Further operations are risky, because it involves the disclosure of the private key from your Bitcoin wallet. If you are not confident in their abilities a hundred percent, should not handle this case. Otherwise, you can lose all your bitcoins. Before receiving the new coins mandatory move the bitcoins to a new wallet.

Super Bitcoin (SBTC)

Fork date: 12 Dec, block 498888. The ratio is 1 to 1.

  • Find your private key. If you have the passphrase/led (BIP39 Mnemonic), use to retrieve this page (offline). Insert led and check the output path:

Breadwallet/multibit: BIP32, Custom, m/0’/0

Ledger/best wallet: BIP49;

  • install bither on Android and create a new wallet. The iOS version does not yet support SBTC or BCD);
  • install bitpie for Android and iOS, and create a new wallet;
  • navigate to Settings -> Advanced options -> Import private key -> Import private key text -> Type or scan the QR code of the private key;
  • click “Get SBTC” in advanced settings, select the address with the funds will get the address from bitpie and send coins (the recipient’s address needs to be from the app bitpie);
  • send bitpie of the gate.io;
  • sell gate.io.

Bitcoin diamond (BCD)

Fork date: November 24, block 495866. Ratio of 10 to 1.

  • Do the described actions with the SBTC;
  • go back to advanced settings in bither;
  • click “Get BCD” send bitpie;
  • forward with bitpie at the gate.io and sell.

Bitcore (BTX)

Fork date: November 2, block 492820. Ratio: 0.5 to 1.

  • Import your BCX with coinomi Android;
  • use LEDs, restore the new wallet with it and open a btc-wallet;
  • go to menu -> + COINS -> Bitcore -> Advanced -> enter any output path (e.g., M/0’ for Multibit and Bread);
  • create a new Bitcore wallet using the private key;
  • click the icon in the upper right corner, and clean the purse -> wallet sweep;
  • enter or scan the individual private key;
  • forward with coinomi coins on hitbtc and sell.

Bitcoin X (BCX)

Fork date: 12 Dec, block 498888. The ratio of 10000 to 1.

  • The only working option is the app coldlar.com for iOS. No app in the App Store, so you’ll have to install a program from an untrusted developer;
  • exchange does not yet support this coin.

Bitcoin Faith (BTF)

Fork date: 18 Dec, block 500000. The ratio is 1 to 1.

  • Fork supports only online wallet bitgo.cc. The site is frankly frightening: characters do not save even the English language selection in the menu.
  • the exchange is also not working with BTF. Support can add in the near future.

So from the air you can make money. It dreary, but 270 dollars for every bitcoin on the way to roll. But if the coin score goes to the tens, then the idea smells great profit. Again — before any operation send your bitcoins to the new wallet.

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0 Comments on “How to make money on the fork of Bitcoin — step by step instructions”

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