Get Your Free Bitcoin Token And Buy Some More
As most of you already know that bitcoin split into two on August 1st. Bitcoin and bitcoin cash, In this post I am gonna tell you how you can get your bitcoin cash tokens for free and if you wanna buy some as it is also a great investment opportunity I will also tell you where you can buy it.
One way to get bitcoin cash is to buy it. It’s is now trading on several major exchanges, most common of these are Kraken and Bittrex.
However, they have reported heavy traffic over the last couple of days, leading to problems with log-ins and withdrawing and depositing funds, including bitcoin cash. So keep that in mind while proceeding, I personally use bittrex and haven’t had any problem with it.
Now as per the rules Anyone who held bitcoin before the split would now also hold the equivalent amount of bitcoin cash. So the other way to get bitcoin cash is to claim it from any bitcoin holdings you owned before the fork. In theory, it’s simple: All private keys—basically the password to unlocking bitcoin holdings—are identical on both the bitcoin and bitcoin cash blockchains. This means you use the same private key to access funds on both chains. But in practice, this can be tricky.
The most reliable, method is to run a bitcoin cash “full node.” This is software that downloads the entire bitcoin cash blockchain, which is around 126 gigabytes, and also checks the validity of live transactions on the bitcoin cash network. This method reduces reliance on third parties like exchanges to credit you with your bitcoin cash.
Once the full node is running, import the private keys from your existing bitcoin wallet to the wallet linked to the bitcoin cash full node. You should then be able to access the new bitcoin cash funds.
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