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Author Topic: Bitcoin Fork and CoinsPh  (Read 239 times)
fairy_fries
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December 01, 2017, 11:12:40 AM
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Im just curious, if there is bitcoin fork, and i have a btc on my btc wallet in my coinsph account, is my btc safe there and it will not be lost? And will i get something out of that fork?

Coz the fee is too high whenever i transfers it to other supported wallet like coinnomi.
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shouter
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December 01, 2017, 12:01:49 PM
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Whatever happens, you do not need to move your funds before a fork, nor do you risk losing access to your coins on either side of the division.
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December 01, 2017, 01:04:15 PM
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Im just curious, if there is bitcoin fork, and i have a btc on my btc wallet in my coinsph account, is my btc safe there and it will not be lost? And will i get something out of that fork?

Coz the fee is too high whenever i transfers it to other supported wallet like coinnomi.
It depends on the wallet provider if they will support the upcoming fork, usually coins.ph announces ahead when there is an upcoming fork like last August when the fork of BCH occurs check the past link here https://coins.ph/blog/upcoming-bitcoin-fork-and-your-coins-ph-account/

They've decided to credit the Bch by converting them all into btc and send the corresponding value to all the users who have a bitcoin to the wallet that time, so wait and read for their announcements about the forks most of the exchange do that because it is a fork.

fairy_fries
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December 09, 2017, 03:30:50 AM
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Thanks so much guys for the info, really appreciate it.
tikong
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December 09, 2017, 03:33:06 AM
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For me your bitcoin will not be lost on coins.ph because if it's gone it will come back as there are also costumer support
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December 09, 2017, 03:44:23 AM
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Im just curious, if there is bitcoin fork, and i have a btc on my btc wallet in my coinsph account, is my btc safe there and it will not be lost? And will i get something out of that fork?

Coz the fee is too high whenever i transfers it to other supported wallet like coinnomi.

im using a coins.ph wallet for a long time now ever since i discovered bitcoin and i can say that they are not currently supports any bitcoin fork,segwit or forked coins. dont worry because your bitcoins are totally safe there and it will not be lost or anything bad will happen during or after the fork has been established but then again you wont recieve any free forked coins like bitcoincash,bitcoin gold,bitcoin silver,etc..
overall your best bet to get a free fork coin is to move your bitcoins to a supported wallet like electrum or online exchanges like yobit , also some bitcoin faucets like freebitco.in and online micro payment wallets like faucethub are also supporting these  bitcoin forks and segwits.
fees are normally high when sending because of the the curent rate of bitcoin which is also high though you can still set or choose it to low priority when sending your coins to avoid such expensive fees.

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December 09, 2017, 04:41:16 AM
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I had one isse with coins account one time but that was actually a error on my part trying to input addresses manually while drunk to make it worse. I use several wallets and i always seem to get coins after the last few forks that bitcoin has gone through. I would imagine it would be the same concept here,  i think lol.

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December 09, 2017, 04:43:24 AM
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Just make sure you're able to access your private keys. Also, if you're going to sell your forked coins but not move your bitcoin, that's a horrible idea. Just don't so it. Something could go very wrong such as if you imported your private key into a forked Colin's wallet and your coins where stolen.
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December 09, 2017, 04:47:18 AM
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Of course they are safe I've experience keeping my bitcoin in coins.ph during hardfork and nothing happens to it. I also keep some on freebitco.in and I didn't lose anything after the fork in fact I earn some because they issue an amount equivalent to our savings with the fork introduce that time. On line wallets are safe so far and I think its a matter of how you protect your private keys

ndoromas
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December 09, 2017, 04:51:05 AM
 #10

No panic, every developer who has a website for bitcoin wallet, already has its own way to save the assets of its users.

I do not wear coin.ph but I also wear my local bitcoin wallet, Indonesia. During this time every isue and fork activity is always safe, there is even a 1: 1 bitcoin split bonus from our bitcoin account, that means you will get btg as big as the amount of bitcoin in your account, as long as the account exists before fork occurs.

For the fork that will happen later, pray as well as BTG, we can coin from free fork without having to buy it.

That's just one fork advantage, the loss is usually the price of bitcoin will fall.

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December 09, 2017, 04:55:29 AM
 #11

Im just curious, if there is bitcoin fork, and i have a btc on my btc wallet in my coinsph account, is my btc safe there and it will not be lost? And will i get something out of that fork?

Coz the fee is too high whenever i transfers it to other supported wallet like coinnomi.
No, Coinsph is a general philippian wallet that sipports only their local currency and bitcoin as an additional currency.
You will not be able to get anything out of fork if kept your bitcoin in coins.ph wallet.
Must move your coins to any other general wallet before fork date if you really want to get benefits of fork that is being happen in future
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