Here’s a short walkthrough for people looking to extract Bitcoin Cash (BCH) from hardware wallets like Ledger Nano or Trezor.
Extracting Bitcoin Cash from Hardware Wallets
During the Bitcoin blockchain split, a new network called Bitcoin Cash (BCH) was created. If you held bitcoin before the fork, you’re entitled to an equal amount of BCH. Many stored their BTC in hardware wallets, which now require splitting tools to access BCH. Below are step-by-step guides for Ledger and Trezor users.
Key Takeaways:
- Backup your seed phrase before starting.
- Ensure firmware is updated for compatibility.
- Split coins for maximum privacy (optional).
Ledger Nano S: Step-by-Step Guide
- Update Firmware
Download the latest firmware (v1.3.1) via the Ledger Wallet interface. The update wipes the device, so have your seed phrase ready. - Install Bitcoin Cash App
Use the Application Manager to install the BCH wallet. Open the "Bitcoin Wallet" and select BTC or BCH mode. Send BCH to Split Address
- Copy a BCH receiving address.
- Navigate to Settings > Main > Bitcoin Cash.
- Paste the address in the Send section.
- Wait for confirmation (~1 hour).
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Trezor: Step-by-Step Guide
- Access Beta Wallet
Visit Trezor’s beta wallet and update firmware (v1.5.1). No device wipe is needed. - Claim BCH
Use the coin splitting tool to send BCH to a new address. Confirm the transaction in the wallet. - Monitor Transaction
Unconfirmed BCH will appear in the wallet. Wait for block confirmation.
FAQs
Q: Can I send BCH to an exchange directly?
A: Yes. Paste the exchange’s BCH deposit address in the Send section.
Q: Is splitting mandatory?
A: No, but it enhances privacy by separating BTC and BCH.
Q: What if I lose my seed phrase?
A: Without the seed, you cannot recover funds. Always back it up securely.
Additional Tips
- Other Wallets: Electron Cash and Bitcoin ABC also support BCH.
- Security: Avoid sharing seed phrases or using unverified tools.
👉 Compare hardware wallets for optimal security
Final Notes:
- Cross-reference guides with official resources (Trezor, Ledger).
- Always prioritize firmware updates and backups.
Disclaimer: The process involves user responsibility. Ensure all steps are followed carefully.