Bitcoin recently underwent a fork, following the Bitcoin blockchain’s adoption the Segwit2x scaling toneel.
A petite portion of miners refused to adopt the scaling verhoging and compelled a fork of the blockchain – which created Bitcoin Metselspecie (BCH).
Those with Bitcoin before the fork now have an equal amount of Bitcoin and Bitcoin Specie, stored on separate blockchains.
This has worked out well for investors, spil they can choose to sell their Bitcoin Specie – either for fiat currency or more Bitcoin.
Selling your Bitcoin Contant for zoom is a painless process and requires you to open an account on both a local exchange like Luno and a cryptocurrency exchange such spil Bittrex.
Luno does not support the trading of BCH, so you will have to send your Bitcoin Metselspecie to a cryptocurrency exchange, trade it for Bitcoin, and budge it back to a local exchange.
If your Bitcoin wasgoed stored te an online wallet provided by Luno, you can withdraw your Bitcoin Metselspecie without affecting your Bitcoin balance.
The very first step te selling your Bitcoin Metselspecie is to send it from your BCH wallet to an exchange account.
This requires opening an account on an online exchange like Bittrex and searching for a BCH address.
Once you have created your exchange account and have found your BCH deposit address, send your Bitcoin Contant from your wallet to the exchange.
If your BCH is stored ter Luno, login and navigate to the exchange’s Send BCH pagina, and inject the BCH deposit address of your exchange account.
Ensure you are sending your BCH to the onberispelijk deposit address, otherwise you may lose your cryptocurrency.
If your Bitcoin wasgoed stored te a private wallet, you will need to download the Bitcoin Specie blockchain and come in your private key into your wallet software to access your BCH.
From there, you can send it to your exchange account.
Selling BCH for zoom
Once your BCH balance is reflected te your exchange wallet (the transaction may take a while), you can sell it for Bitcoin (BTC).
Bitcoin Specie is presently trading at just under 0.1 Bitcoin – about $330 – meaning you can earn a fair amount of money if you held a large Bitcoin balance before the fork.
Once you have sold your BCH for Bitcoin, you can send your Bitcoin to your Luno wallet and sell it for zoom.
To do this, withdraw your BTC from the cryptocurrency exchange and send it to your Luno BTC wallet address.
You can then sell your BTC for zoom, which will be stored te Luno’s zoom wallet – which you may withdraw from into your local handelsbank account.
Users can also leave their Bitcoin ter their Luno wallet, or send it to their private wallet.