Best Reliable Bitcoin Gold Wallets
How does Coinbase deal with Bitcoin Gold? But also its younger brother places fifth place with a capitalization of 5 billion Euros, and this after an infamous start. This post is not to be taken in any way as a BTG endorsement or as investment advice.
Summary: Bitcoin Gold (BTG/BGold) at a glance
The app will also be available on Android and iOS. They were also the first in the market to enable BTG access through their wallet. Exodus wallet needs no introduction as it the most beautiful software wallet for cryptocurrencies that I have seen for far. Exodus supports now more than 25 cryptocurrencies including Bitcoin Gold.
But you certainly need to take a backup of your seed key! Which means you are always in control of your funds. And if you need help, you can get personal support from the founders via email. Download the Exodus wallet. It is a full node client which means you are required to download the whole blockchain to be able to use this wallet. This will take up a decent amount of hard disk space. It is available for Windows and Linux operating systems. I lose around 0. This post is not to be taken in any way as a BTG endorsement or as investment advice.
It is just to inform you about some reliable wallets where you will at the very least not lose your BTC. Also, Bitcoin Gold is in its infancy — several scam wallets are mushrooming here. They are constantly preying BTC users, scamming them by taking their seed keys. Here at CoinSutra, we try to take measures to protect you from such scams and do thorough research before publishing anything.
Let me know in the comments what you think about Bitcoin Gold and which cryptocurrency you want me to cover in my next article!
Am I right in suggesting that you can move your Bitcoin to another wallet after the fork and , empty the wallet of all currencies then if the seed is captured by somebody they will only get the Bitcoin Gold if you are unlucky? But still, you can do so. Enter your email address to subscribe to this blog and receive notifications of new posts by email. Bitcoin Gold Fork Coming: For such users, here is a list of safe Bitcoin Gold wallets… Best Bitcoin Gold wallets I have based this list on the merit of these wallet providers.
Ledger Nano S This is the best wallet one can get in the cryptosphere. CoinSutra has covered the Ledger Nano S in detail numerous times, you can read about it in the below-mentioned write-ups: Ledger Nano S Review: Buy The Ledger Nano S 2. BitcoinGold Bitcoin Gold has released their source code. Download Atomic Wallet 4. Coinomi Another fine wallet that is supporting Bitcoin Gold is Coinomi. Exodus Exodus wallet needs no introduction as it the most beautiful software wallet for cryptocurrencies that I have seen for far.
It is available on Mac, Linux, and Windows. Download the Exodus wallet 6. See some of these examples here: Here are a few hand-picked articles for you to read next: Crypto money is not controlled by central banks, but it is decentralized and controlled by smaller and bigger datacenters, which everybody can participate in.
Based technology, the blockchain, is forgery-proof and thus offers a high level of trust. Bitcoin Gold emerged from a so-called hard fork on the 25th October The blockchain was copied on block Particularly for people who already have Bitcoins this phenomena is of greater interest.
That is because they have the possibility to get Bitcoin Gold of the same amount, and that is for free. Below we will describe step by step, how that works. In the end Bitcoin Gold is a copy of Bitcoin.
This is why BTG has similar characteristics, but at the same time it wants to compensate some weaknesses. Bitcoin Gold tries to reinforce decentralization making hardware more profitable using cheaper hardware. Bitcoin is problematic because for private persons it is not worth mining Bitcoin anymore due to high energy and hardware costs. This leads to the fact that bigger datacenters acquire a dominant position on the market.
Additionally they can cause major ups and downs because of mining of other crypto-currencies 8e. Therefore BTG tries to refocus on profitable mining, consequently on decentralization, actually the core characteristics of it bigger brother Bitcoin. Particularly during the weeks prior to the hard fork BTG had to struggle with a poor reputation: This would not have been possible with a new Altcoin.
Moreover there is the imputation, that they had run so-called pre-mining, which has not been cleared yet. That means that they had created new blocks before the blockchain was even available for the public. The action of the developers somehow contradicts the basic principles of a crypto-currency, on the other hand the developers cannot sell any own tokens because of a hard fork and thus earn any money.
This is why the chosen procedure is rude, but in the end comprehensible. Also Satoshi Nakamoto, founder of Bitcoin, kept 1. Why all this agitation then? During the last days of October there was a cyber attack on the website of BTG which was then not available for a few days. It is not known who was responsible for this, but the attackers succeeded in defaming the providers at short notice.
Rude, but forgotten in a hurry. New people being interested in price gains will exceed the number of those skeptics. Why can we believe that? Well, BTG has already shown it in the second half of and now it is more precious than before. A few years ago, most people mined their own Bitcoin, but in the meantime, it is much easier and safer to buy Bitcoin on an Exchange or with a Broker.
For this, there are countless providers to buy bitcoins instantly or to trade via market places or exchanges. We have tested some Brokers and Exchanges and rated them for you. During the first few days there was another weakness of BTG, namely the lack of a so-called replay-protection. Through this, transactions would have been registered not only in the Bitcoin Gold, but also in the Bitcoin blockchain. In the meantime the developers have come up with a full replay-protection and new wallet addresses.
They also implemented them: The developers of wallets have also perceived this. Consequently more and more wallets can host BTG list: And how can I get Bitcoin Gold? We have good news, again: There are several requirements:. Unfortunately we do not have good news in this case: This is why we highly recommend securing the access to your private key.
The safest way to do that is Ledger Nano S here is the test. For alternatives, check next chapter. Approximately one month after starting Bitcoin Gold already seven wallets support the new crypto-currency:.
You can check this by clicking their designations: We are sure that during the next few months all major wallets will support Bitcoin Gold. This decision is, of course, dependant on the demand of the customers: We basically recommend storing your crypto-currencies in a cold wallet.
The safest one seems to be Ledger Nano S here is the test. As mentioned above, those already possessing Bitcoin on 25th October afternoon can get the same amount of Bitcoin Gold.
In case the Bitcoins were on an exchange platform supporting Bitcoin, e. This here is a step by step instruction for those who had their Bitcoins in a cold wallet and do have an Android device , this is how you can get your Bitcoin Gold for sure. Other wallets are Exodus , Electrum or Jaxx. All users of Android devices, we recommend the app " Coinomi ", download and install from "Play Store" or use the link above.
Secure the recovery phrase, set a password Secure your new wallet with the recovery phrase: Save all words written in blue in exact order by writing them on a piece of paper. Put a check and tap on "Next". On the next page you have to repeat the recovery phrase in the exact order by tapping.
This is for security reason: If you lose your device, you can use this info to restore your wallet. Terms of service Here you have to agree on the terms of conditions set out by Coinomi. Now tap on the 3 dots in the upper right corner and select "Sweep wallet". Empty your paper wallet Your available Bitcoin Gold will now be displayed. With "Confirm" they are now finally transferred and shown in the app.
Withdraw BitoinGold Tap "Send" in the upper right corner of the app. Here you can send your Bitcoin Gold from the app to a wallet of your choice.
After five confirmations your coins will be received. The costs for the transaction: This might be of importance to you: Read our test here. Unfortunately Coinbase does not offer any ways of checking your private key of the Bitcoin wallet and saving it on your own.
Therefore you cannot export the private key and, for example importing it in another wallet like Coinomi. Coinbase does not allow you yet importing BTG directly into other wallets and using them. We will update this article the moment there are any further developments.
One month after the start of Bitcoin Gold it is obvious that the Bitcoin-Gold-Hard-Fork has not had any major effects on the development of Bitcoin: Bitcoin is rocketing from one peak to the next.