It all started when Bitcoin traffic increased due to the new popularity of the cryptocurrency. The increase in traffic caused some difficulties that different Bitcoin developers were trying to solve.
What emerged were two different solutions that split Bitcoin developers into two groups. Each group proposed a different technical solution to the problem, and neither group could come to an agreement that would keep the Bitcoin community united.
Eventually, one group decided to break off from the original Bitcoin blockchain. On August 1st, 2017, they created a copy of the Bitcoin blockchain and called it Bitcoin Cash. From then on, the original blockchain was split into two different transaction streams that followed different technical rules.
This means that any transactions that were made before August 1st, 2017 exist on both blockchains, and any that occurred after are unique to that currency type.
This means that if you were a Bitcoin owner on August 1st, 2017, you now are also the owner of Bitcoin Cash.
If you were a Bitcoin owner when the fork happened, you might have FREE Bitcoin Cash waiting for you to claim. Follow the steps to extract your BCH according to your Bitcoin Wallet:
1. Check if you have a BCH Balance:
In your Bread wallet, click on the Menu tab in the footer and select "settings". Choose "Advanced" and select "Withdraw BCH". If you had BTC in your wallet at the time of the fork, an equivalent amount of BCH will be available for you to withdraw.
2. Set up a BCH wallet and send your funds:
Download the Electron Cash wallet at electroncash.org. Once you've downloaded Electron Cash, you can create a new wallet and send your BCH from your Bread wallet to here. Alternatively, you can send your BCH directly to your Bodog account by clicking here.
1. Check your BCH balance:
If you held BTC in your Blockchain.info wallet at the time of the fork, they will automatically make the equivalent amount of BCH available to you. To see your BCH balance, go into Settings > General. If you did not have BTC in your wallet at the time of the fork, this option will not be available to you.
2. Spend your BCH as you would BTC:
You can use your Blockchain.info wallet to store and send BCH in the same way that you do BTC. To send your BCH to your Bodog account, click here.v
1. Get the Master Seed of your wallet:
Open your wallet and click on the three dots in the top right corner. Select "Backup" and click "Yes" when the confirmation message appears. The next screen will show you a "mnemonic seed" (a sequence of words that will unlock your wallet's private key). Write these words down in a safe place. In the next step, Mycelium will ask you to confirm the list of words.
2. Download and set up your Coinomi Wallet:
Download Coinomi here. Once it is installed, open it and select "Restore a Wallet". On the next screen, they will ask you to enter the mnemonic seed from your Mycelium Wallet. Enter it and click "next". Leave the BIP39 passphrase box unchecked. On the next screen, they will ask you to set up a password for your wallet. Once this is done, they will ask you which coins you want to use with this wallet. Select "Bitcoin" from the list. Your wallet is now ready.
3. Claim your Bitcoin Cash (BCH):
In the top left menu of your Coinomi wallet, click on +COINS and select Bitcoin Cash from the list. A pop up dialogue will appear asking you to add a wallet description and to enter your password. Once this is done, click on "Advanced Settings" and in the Derivation Path, enter: M/44H/0H/0H. Click on "ADD" and you're done! You can now use your wallet to store and send BCH in the same way that you do BTC. To send your BCH to your Bodog account, click here.
1. Send your Extended Private Key (xPriv) to yourself by email:
Go into the Account section of your wallet and select "Settings > Export > Yes". Under "show", select "public" and press and hold in the middle of the screen until a QR code comes up. Once it shows, select "Copy to Clipboard". Once this is done, go ahead and send the xPriv to yourself by email.
2. Send your BTC to a new wallet:
As a safety precaution, you should send all your BTC to a new wallet once you've extracted your extended private key. We recommend not to store this wallet on the same device that you will use to store your Bitcoin Cash.
3. Set up a BCH wallet and claim your funds:
Download the Electron Cash wallet at eletroncash.org. Once it is installed, select "Create new wallet" and then "Standard Wallet" and "Use public or private keys". Copy and paste the xPriv you sent yourself by email and click next. Once the wallet is synced, you will see your BCH funds appear here. To send your BCH to your Bodog account, click here.
1. Enable Bitcoin Cash Support:
In your BitPay/CoPay wallet, click on "Settings" and select "Bitcoin Cash Support". Change the toggle to "Enabled" and from there, click on "Scan your wallets for Bitcoin Cash". If any of your wallets held BTC at the time of the fork, they will now appear in a list showing your BCH balance.
2. Duplicate Your Wallets to get your BCH:
For any wallets displaying a BCH balance, select "Duplicate for BCH". New wallets will now be added to your list that contain Bitcoin Cash instead of Bitcoin. You can use your wallet to store or send BCH in the same way you do BTC. To send your BCH to your Bodog account, click here.
NOTE: If you have trouble sending or receiving BCH from your BitPay/CoPay wallet, you might need to use this address converter.
1. Install Electron Cash on a separate machine:
It's an important safety precaution to downlaod Electron Cash on a separate device from your Electrum wallet. To get the download, go to electroncash.org.
2. Send your BTC to a new wallet:
Before opening your new Electron Cash wallet, you should go to your Electrum wallet and copy down your mnemonic seed. Once this is done, move all your BTC to a new wallet as a special safety precaution.
3. Claim your BCH on your Electron Cash wallet:
You can now open your Electron Cash wallet and enter the mnemonic seed for your now empty Electrum wallet. This will recover your BCH funds from the time of the fork. You can use your wallet to store or send BCH in the same way you do BTC. To send your BCH to your Bodog account, click here.