But it is much more than the security that these hardware devices offer. They are also one of the few wallet providers who keep adding support for more cryptocurrencies as soon as major forks happen. This makes it easier for users like you and me to claim the new forked coin. In the past, they did this with Bitcoin Cash, and now they’ve done it with Bitcoin Gold.
Recently, Bitcoin Gold was forked out of Bitcoin, and today, the Ledger team launched support for Bitcoin Gold.
Update: We have added a video tutorial for the same.
We 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]
In this tutorial, I will show you exactly how you can claim your free Bitcoin Gold using the Ledger Nano S. This same guide also works for the Ledger Blue.
So, without further delay, let’s follow the steps and claim our free BTG coins.
The Step By Step Guide To Claim BTG Using The Ledger Wallet:
Note: The Ledger team has advised that “THE BITCOIN GOLD NETWORK IS NOT YET REALLY STABLE. THEREFORE LEDGER DOESN’T PROVIDE ANY SUPPORT FOR BITCOIN GOLD. USE AT YOUR OWN RISK.”
See the Ledger team’s tweet here:
Bitcoin Gold support on Ledger is available! More information about how to access your BTG coins here https://t.co/Z5l9qRf0WT WARNING: the network and explorers are not reliable at all. Ledger declines any responsibility and doesn't guarantee anything regarding BTG support.
— Ledger (@LedgerHQ) November 17, 2017
Nevertheless, here is the guide you can follow, and I will update you as I hear more from the Ledger team and other members of the CoinSutra community.
- Connect your Ledger Nano S or Ledger Blue to your computer and open the Ledger Manager app.
- At the bottom of the screen, you will see the option to install the Bitcoin Gold application.
- Click on the Install sign (down arrow), and you will see a screen like the one below.
- Now, on your Ledger wallet, allow the installation.
If you see an error saying “Unable to install application. Insufficient remaining space”, you need to uninstall any installed app to create space for the new app. The Ledger allows only 5 applications to be installed at a time.
If you need to use more applications because you manage a lot of different coins, the Ledger Manager will be the interface to use. Even if it is a bit tedious, these steps only take a few seconds.
Note: Don’t worry if you uninstall an application you already used because your coins won’t be lost. Uninstalling an application from your device won’t erase your wallet and the coins you already have on it. You’ll be able to access your wallet anytime by reinstalling the application.
- Once you have created enough space, install the Bitcoin Gold app.
- Once the app is installed, open the Bitcoin Ledger app and open the Bitcoin Gold app on your Ledger. At the bottom, you will see the option for the BTG Split tool. Click on it.
This will show a pop-up saying:
Now, click on Legacy or SegWit depending on how your Bitcoins are stored and the Ledger will start syncing to give you access to your BTG.
Now, you can hold or sell your BTG coins. My recommendation is to dump the coin ASAP as more dumps will happen once everyone has access to their coins causing the price to fall significantly. However, if you are one of those lucky people holding a large number of Bitcoin (and now BTG), you can consider holding 5-10% of your total stake.
Update 1: Transferred BTG to Bleutrade exchange (First time using it. Don’t use this one for any purpose other than BTG until we do thorough research). Waiting for the transaction to confirm.
Update 2: SegWit holders may face some issues.
We have pushed a fix regarding BTC SegWit signatures on the Ledger Wallet Bitcoin Chrome app (v1.9.10) BTG SegWit is still having issues
— Ledger (@LedgerHQ) November 17, 2017
Update 3: SegWit Issue fixed.
BTG Segwit has been fixed. Update the BTG device application from Ledger Manager (delete / install again) to version 1.1.15. Sorry for the trouble.
— Ledger (@LedgerHQ) November 18, 2017
Here are sites on which you can sell Bitcoin Gold or exchange for BTC:
We are still testing and will keep you posted as we discover anything new. Meanwhile, do share your experience in the comment section below.
Update 1: I have used Bleutrade to convert my BTG into BTC and was able to withdraw my funds.
Don’t forget to share this help your friends on Facebook or Twitter in claiming their BTG!