4
Prior to the split I moved my bitcoins offline from Coinbase to my local Electrum wallet (Original wallet) since at the time Coinbase said they were not going to support bitcoin cash..
After the split I then created a new wallet with a new seed and moved my bitcoins to that new wallet (BTC wallet). I then created a new wallet with the original seed and moved my bitcoins from my Original Wallet to this new wallet (BCH Wallet.) Each of these new wallets showed the correct amount of bitcoins. Presumably one was the old bitcoins and the other was bitcoin cash, although the only way to tell was by how I named the wallets.)
My understanding from all the online procedures was that I should have ended up with my bitcoins in the BTC wallet and bitcoin cash in the BCH Wallet.
I later moved the coins from my Electrum BTC wallet back up to Coinbase. Since Coinbase doesn’t yet support BCH I then tried sending my BCH to Kraken, but I get an insufficient funds message. All my offline wallets show a zero balance. Did I in fact never have two separate bitcoin amounts, original as well as cash? Have I in fact lost my bitcoin cash, or did I ever really even have it?
If my bitcoin cash does in fact exist, where would I go to find it?
Any help appreciated.
1Can you explain how you created the "BCH wallet"? In particular, it sounds like you created it using the same Electrum software you had been using, which would be BTC only, so in that case you've been using BTC all along. You can still recover BCH, but you'll need to install a BCH wallet to do so. – Nate Eldredge – 2017-08-09T19:34:09.720
Thanks for your reply.
For the BTC wallet I did a File/New/Standard Wallet/Create a New Seed
For the BCH wallet I did a File/New/Standard Wallet/I Already Have a Seed and then used the seed from my original wallet.
Unless I looked at stuff wrong, I thought that each wallet then showed the same number of bitcoins. They looked identical. I thought that the BCH wallet was just appearing that way since it didn't have a way to visually show BCH. That is was, so to speak, BCH in BTC clothing, which when transferred to a wallet that did recognize BCH would represent as such. – RVDowning – 2017-08-09T21:12:14.220
Ok, but did you create the two wallets with the same program (i.e. both with Electrum), or with different programs? The BCH version of Electrum is called Electron. If you use Electrum to create a new wallet with the same seed, you'll just have two BTC wallets that are both looking at the same BTC coins, and all BTC transactions would show up in both of them. But post-split nothing you do in Electrum will have any effect on BCH. – Nate Eldredge – 2017-08-09T21:48:46.223
I was following a YouTube video which only used Electrum wallets. Of course, maybe the video wasn't right. How would you suggest I proceed? I am not planning do to anything with the BCH, I just wanted to make sure I had it and that it was recognizable as such. I was trying to create a separate entry somewhere that was labeled as BCH so I could track its value. Should I just leave things and hope that Coinbase will be able to recognize it sometime? – RVDowning – 2017-08-09T21:56:10.747
I haven't tried it myself, but I think that if you do exactly the same thing using Electron instead of Electrum (using your original seed), you should see your BCH and be able to send it wherever you want. – Nate Eldredge – 2017-08-09T22:29:39.190
To see if I understand correctly, I should download my bitcoins into my current desktop wallet. Create a new wallet (Electrum) with a new seed and move my bitcoins into it to represent bitcoins (BTC). Then using Electrum create a new wallet with the same seed as the wallet into which the bitcoins were downloaded and again move the bitcoins from the original wallet to this Electrum wallet (BTC). (assuming that the original wallet still has anything after the first move.) – RVDowning – 2017-08-09T23:15:07.187
No. Do not do anything with your current desktop wallet or with BTC or with Electrum or with Coinbase, none of this will have any effect on BCH. Instead, get Electron (not the same as Electrum!!) or another BCH wallet client, take the seed you were using before the split (the one you mention in the third sentence of your original question) and create a new BCH wallet with that seed. It does not matter that you already sent the BTC from that seed to a different wallet; that transaction was after the split and did not affect the BCH. – Nate Eldredge – 2017-08-09T23:24:32.883
1Ok, think I am there. I found Electron for Linux and was afraid I would have to compile it, but it had the ability to just execute. When I executed it and it came up, it came up showing my bitcoin cash amount. I didn't do ANYTHING with keys. Odd. Must have taken it from the older Electrum application. Anyway, I am in the process of transferring the cash to Kraken, currently awaiting confirmation of the transaction.
Thanks for your help and patience. Not sure if there is a way to reward someone for an answer. If so let me know. Thanks again! – RVDowning – 2017-08-10T16:42:41.397
2You can post an answer to your question explaining how you resolved it, so that future readers can benefit. That would be the best reward! – Nate Eldredge – 2017-08-10T16:46:27.437