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Tips Splitting Bitcoin Into Bitcoincash Using Ledger Nano S

Discussion in 'Altcoins' started by zedzed, Aug 15, 2017.

  1. zedzed

    zedzed Grand Mod

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    Morning again jkb

    Am here again with my usual disturbance.

    Let's take a short look on how to Extrac Bitcoin Cash from Hardware Wallets.(Ledger)

    before you begin make sure you have your seed phrase available and that you feel 200% comfortable:laughing:!β with.

    In order to split bitcoins into BCH using a Ledger Nano S, users must download the latest firmware (1.3.1).

    When installing the firmware,put in mind that Ledger’s update will wipe the entire device and having your backup/seed phrase on hand is necessary.

    First, go to the Ledger Wallet interface Ledger Wallet - Get started with Ledger then download the applications manager.

    Downloading it will install the latest firmware and add the BCH currency to your device,click update firmware connect on your Nano S,

    enter your pin,and make your way to the dashboard.

    select “firmware” @ application manager section and begin Installation

    After the Ledger firmware is complete, you then set a new pin and select “restore configuration” with the right button on the Nano

    The device will
    ask you to type your seed phrase and following this procedure you will have access to your bitcoins again and the ability to access the bitcoin cash wallet.

    Make your way back to the application manager again and download all of the currencies you own including the Bitcoin Cash app. When opening the ‘Bitcoin Wallet’ from the Ledger Nano page, it will ask whether you want to access the BTC or BCH wallet. You can choose to manage their BCH in the same account but can also split it to a separate BCH wallet so it’s not tethered to the main account.

    Users believe the best method is selecting the ‘split’ option. If the ‘main’ option is chosen users don’t have to send their BCH to a separate address. Inside the bitcoin cash wallet select a receiving address and copy it to the clipboard.

    Next,access the ‘settings’ tab, choose the ‘main’ tab and then the ‘bitcoin cash’ option

    Proceed to the ‘send’ section enter the BCH address you copied to your clipboard and then,send the BCH to the split address.This might take an hour until the transaction is confirmed

    The only problem with Ledger is the sending and receiving tabs in the Bitcoin Cash wallet which is confusing.
    Prezzy likes this.
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  3. Prezzy

    Prezzy Leader Protector

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    Hmm. I don't have any hardwallet.
    I don't have the capacity to handle the hassle that it brings with it!
    zedzed likes this.