Recently On OCT 24 2017, Bitcoin gold was forked out of Bitcoin.Anyone who held Bitcoins before the time of its creation is eligible to receive an equal amount of Bitcoin Gold (BTG) they had of Bitcoins (BTC).When it comes to most popular Cryptocurrency wallet, nothing beats Ledger Nano S and Ledger Blue. Because apart from security, They constantly adding support for more cryptocurrencies and as soon as major fork happens, they make it easier for users like you and me to claim the forked coin and be in a profitable position. They have done the same in the past with Bitcoin Cash and now with Bitcoin Gold.
In this tutorial, I am going to share is how you can claim your free Bitcoin Gold using Leger Blue. The Procedure is same for Ledger Nano S and Ledger blue. So Without further delay, lets start the process.and
The Complete Guide to Claim Bitcoin Gold on Ledger Wallet
But This Process Worked for me. As You can see in The Video
Step -1: Connect & Install
- First Connect your Ledger Nano S or Ledger Blue to your computer and open Ledger manager app.
- Now Install the Bitcoin Gold app to your ledger wallet.
If you see an error saying “Unable to install the application. Insufficient remaining space”. Like Below Image
You need to uninstall any installed app to create space for new app. Ledger at a time allows only 5 applications to be installed. Don’t worry, Your uninstalled wallet is safe and can be used anytime you want by reinstalling that.
To Uninstall Click the delete symbol near your previously installed like this, (I choose NEO as It was installed on mine, You should uninstall as your choice.)
Now as you deleted an app, It created a space so now Install Bitcoin Gold App.
Step -2: Choose Your Address Type
Once the app is installed, Open Bitcoin ledger app and open Bitcoin Gold app on your Ledger. At the bottom, you will see the option for BTG Split tool. Click on it, Like this one here
Now, will show a pop-up saying
To Split your BTG you have to send all the fund presents in both the account below to your BTG receiving address
Now, click on Legacy or Swgwit on which your Bitcoins are stored. I have some in segwit so I clicked on that. and Ledger will start syncing to give you access to your BTG.
Now, As you have full access to your BTG, you can hold it or sell it. But my suggestion is to dump the coin as more dump will happen once everyone will have access to their coin and The BTG price will fall drastically.
You can exchange your BTG into 70 other Cryptocoins here Faster in lowest fees.
Well, that was The Complete Guide to Claim Bitcoin Gold on Ledger Nano S, Now Let me know, What you will do with your BTG, Hold it or Dump it?If you didn’t manage to claim – let me know as well so I can improve this guide.
Latest posts by Jatin (see all)
- Quarkchain ICO review: A Highly Scalable P2P Platform - May 12, 2018
- Different Types of Blockchain Consensus Mechanism - May 10, 2018
- ETH Smart Contracts: How Do The Smart Contracts Work - April 24, 2018