Bitcoin Gold is now live.
For those of you who are coming here for the first time, Bitcoin Gold is another altcoin which has recently forked out of Bitcoin.
Forking Bitcoin and making an altcoin is one of the easiest ways to get a lot of attention. Such types of forks give BTC users freebies in the form of airdropped forked coins.
The same free air drop happened with the BTC users on the 24th October 2017 at block height 491407 when the Bitcoin chain forked into Bitcoin Gold.
CoinSutra had published detailed instructions about this fork well before the event. If you were reading CoinSutra, then I am sure you’re now eligible to claim your coins. To those who were not: sorry you are now out of luck.
This fork was a snapshot fork; a unique fork that we haven’t seen before in this cryptosphere. This snapshot fork means that Bitcoin Gold can’t be claimed by BTC users until the actual BTG blockchain goes live.
Now, BTC users can claim their free BTG coins as the BTG blockchain is now live.
Hello miners and users!⛏️⛏️
It’s the third day after the launch of the Mainnet, and we’re pleased to say the #BitcoinGold blockchain is stable and growing as expected.https://t.co/SA6PdmQX0Y pic.twitter.com/VrljdfiXMq
— Bitcoin Gold [BTG] (@bitcoingold) November 15, 2017
I have covered the full backstory of Bitcoin Gold in the below articles, so do consider going through them if you want to know more:
- Bitcoin Gold Fork Coming: How To Double Your Bitcoins
- How To Claim Your Free Bitcoin Gold [BTG] From Any Wallet
- Where To Sell Bitcoin Cash (BCH) [Full list of Best BCH exchanges]
I know by now some of you might have dumped or sold your BTG, but we also have some HODLers in our community who may want to keep BTG for the future.
For such users, here is a list of safe Bitcoin Gold wallets…
Best Bitcoin Gold wallets
I have based this list on the merit of these wallet providers. I have deliberately avoided a few wallets because I’m not sure about them.
This is the best wallet one can get in the cryptosphere.
The Ledger Nano S needs no introduction and is the most popular hardware wallet in the market right now.
CoinSutra has covered the Ledger Nano S in detail numerous times, you can read about it in the below-mentioned write-ups:
- Ledger Nano S Review: Things To Know Before Ordering The Ledger Wallet
- Which Cryptocurrencies Are Supported By The Ledger Wallet?
- The 3 Best Hardware Wallets For Bitcoin of 2018
The good thing is the Ledger Nano S will support Bitcoin Gold so you do not need to risk your BTC by exposing your seed words in any other wallet.
Bitcoin Gold update: we are still parsing the BTG blockchain (it takes up 72 hours to build our high performance graph). We expect availability in 24-30 hours.
— Ledger (@LedgerHQ) November 15, 2017
Here are a few important videos guides on Ledger Nano S that will help you to get started:
Trezor’s Bitcoin Gold support is coming.
Until now they weren’t ready to support Bitcoin Gold because of the code’s unavailability but it looks like they are now going to support it.
It is apparent from their below-mentioned tweet that they are in the process of making a split tool for their users.
Bitcoin Gold has released their source code. We are currently working on developing support for TREZOR.
You will be able to split your BTG from BTC once our claim tool is ready, assuming you held BTC on TREZOR before block 491407.
— Trezor (@Trezor) November 13, 2017
Trezor is a reliable wallet and the CoinSutra team has been using it for over 6 months. We have also come up with a few video tutorials on this hardware for our new users. Check it out on the below video, if you want to buy the Trezor wallet here is the official link.
Another fine wallet that is supporting Bitcoin Gold is Coinomi.
— coinomi (@CoinomiWallet) November 13, 2017
I would say it is a decent HD wallet with multiple coin support and allows you to control your private keys/seed words so that you are in charge.
Coinomi has had its fair share of controversies, particularly when they exposed user’s Bitcoin addresses in plain text. However, that doesn’t mean that they are not safe – it’s just one of those things to be expected as a leading mature wallet.
Currently, it is only available for Android & iOS.
Exodus wallet needs no introduction as it the most beautiful software wallet for cryptocurrencies that I have seen for far.
Exodus supports now more than 25 cryptocurrencies including Bitcoin Gold.
No registration or identity verification is needed to start using Exodus. But you certainly need to take a backup of your seed key! Which means you are always in control of your funds.
Exodus comes with ShapeShift built in for exchanging cryptocurrencies and is an HD wallet.
And if you need help, you can get personal support from the founders via email.
It is available on Mac, Linux, and Windows.
Bitcoin Gold Core is their official full node client/wallet that lets you mine Bitcoin Gold and also allows you to store, send and receive your Bitcoin Gold.
It is a full node client which means you are required to download the whole blockchain to be able to use this wallet. This will take up a decent amount of hard disk space.
It is available for Windows and Linux operating systems. (Source: Bitcoin Gold)
Reliable Bitcoin Gold Wallets
|Types Of Wallet||Name Of Wallet||Rating|
|Ledger Nano S||[Hardware Wallet]||9/10|
|Bitcoin Gold Core||[Desktop Wallet]||7/10|
Though it is highly ironic to use the word ‘reliable’ for an openly pre-mined project, let’s continue as many users are losing their BTC in the hurry to access BTG too quickly through unreliable wallets.
See some of these examples here:
I lose around 0.15 BTC on this site today morning also. @bitcoingold should answer about that scam website.
— Ali Tabirzadeh (@1361_dadash) November 15, 2017
That’s why we have published this list of BTG wallets – to protect our audience. This post is not to be taken in any way as a BTG endorsement or as investment advice. It is just to inform you about some reliable wallets where you will at the very least not lose your BTC.
Some more wallets that claim to support BTG are Freewallet and Guarda.
We haven’t covered them in the above list because Freewallet has had its fair share of criticism for scams and Guarda is still new in the market.
Note: Also, Bitcoin Gold is in its infancy – several scam wallets are mushrooming here. They are constantly preying BTC users, scamming them by taking their seed keys. So be aware of such scams and don’t disclose your private keys/seed words until you are sure.
Even the official Bitcoin Gold website isn’t listing the wallets with proper precautions, so right now the scenario of people losing their BTCs is pretty bad. Here at CoinSutra, we try to take measures to protect you from such scams and do thorough research before publishing anything.
So happy forking 🙂 with CoinSutra
See you soon for a new and interesting post.
Let me know in the comments what you think about Bitcoin Gold and which cryptocurrency you want me to cover in my next article!
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