Tutorial: How to Transfer Your Bitcoin Cash to Binance in Order to Get Free Crypto 🤑

Me too. 👍 I haven't received the new coins yet, either. It seems that the new coin is hardly used at all and apparently that could lead to its cancelation altogether.

I've heard the same thing, which is why I want to get them ASAP. Then I can convert them to something else 😊

That's exactly what I wanted to do, too. 😅

Let's hope we will get our coins before they are canceled. 🙈

Thank you so much for your kind words. 👍

Thank you for your question. If the fork happens today and you transferred your Bitcoin Cash to Binance, after the fork you will have exactly as many Bitcoin Cash as before and in addition, Binance will obtain the same number of Bitcoin Cash ABC for you.

Let's assume you start with 0.23 BCH and you transfer that to Binance. After the fork, you still have 0.23 BCH and in addition 0.23 Bitcoin Cash ABC.

I hope this answers your question. 😊

First of all: Don't worry! I believe that you will still receive your money.

I have just found out that Bitcoin Cash has apparently stopped all "sends, deposits and withdrawals of BCH on November 14th until the network appears stable".

https://medium.com/blockchain/a-note-on-the-bitcoin-cash-fork-on-15-november-2020-ac9e09012197

Your transaction will probably be done after the fork.

Fellow author @CryptoWordsmith has pointed out that you will still receive the Bitcoin Cash ABC even if you deposit your Bitcoin Cash after the fork happens.

PS: It's a great idea to use a second website to confirm the results. I have just tested this website and it gives me the same result as the first one: https://cashaddr.bitcoincash.org/

Sorry, I gave you bad information. Your BCH coins needed to be deposited into Binance before the hard fork in order to be eligible to claim the BCHA coins. This is not the case for other wallets with previous hard forks. Will have to find a wallet that supports the fork that can do this...might be tough!

Ah, okay. No worries. I believe that I saw instructions on how to do it yourself with some wallet. I will check that out again.

https://read.cash/@Telesfor/how-to-split-bcha-from-bch-using-electron-cash-1e7b76a1

Yes, exactly. That's the one. 👍

Thanks for the reply and additional link, I’ll use that one in the future.. Looking a little grim now, I did send two other micro deposits that took so not sure where the initial one went. Rookie mistake, definitely going to be more careful now.

Oh no. To make sure I understood it correctly: You sent one big transaction which did not arrive and later on you sent two small transactions to the same address which arrived?

Yup, that’s right.

That is really strange. I wonder if the first transaction is still pending or if it was maybe rejected by the network (due to a temporary shutdown). I definitely hope that you will get it back.

Yeah, hoping there was some kind clog in the system. But the good thing is now I’ve learned my lesson! Hope the mistaken receiver rejects it, if that’s how this works.

Oh, thank you for pointing this out. I did not know that the link didn't work in the US.

And thank you very much for your kind words. :)

Thank you, I'm glad you like the article. :)

You are always welcome

Oh, thank you very much. I have just seen your offer and accepted it. 😊👍

That is an excellent question. Here is the answer:

Bitcoin Cash has apparently stopped all "sends, deposits and withdrawals of BCH on November 14th until the network appears stable".

https://medium.com/blockchain/a-note-on-the-bitcoin-cash-fork-on-15-november-2020-ac9e09012197

Your transaction will probably be done after the fork.

You have answered my question the way i expect i really appreciate and i hope after the fork my transaction will be done thanks again

I keep my fingers crossed for you as well. :)

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I do receive the bonus as well. Did you maybe want to write this comment to someone else in a different article?

Sorry boss i mistakenly send it here let me refer it to the right person thanks for noticing me and is there any hint in order to be eligible? I want explain to him

No worries, it's all good.

Unfortunately, I don't know how to become eligible. But I think that trying to write high-quality comments helped.

Thank you very much.

Nice

Very good question. 👍

I am also still looking for one. Maybe someone else can help us out here. 😊

Nice

Let's see

Very good questions. 👍

In my example I sent $0.01 from read.cash to Binance and that was no problem at all.

There is a minimum withdrawal from Binance. I will look up how much that is and will add this information soon.

The minimum withdrawal amount from Binance is BCH 0.002 or about $0.50.

Did you mean that the minimum amount that one can withdraw from binance is 0.5dollar?

Yes, the minimum amount is 0.002 Bitcoin Cash. Currently that is worth about 0.50 US Dollar.

Wow, that's nice but can the BCH be converted to your local currency and then sent to your bank account from your binance wallet?

Yes that is also possible. They don't seem to support every fiat currency. If you let me know which one is relevant to you, I will have a look if it is supported.

Thank you for visiting my blog. And thank you very much for your kind words. 😊

Thank you very much. 😊👍

I'm glad that you like the article. 😊

Nice

Thank you for visiting my blog. 👍

Thank you very much for visiting and for your comment. 😊 I appreciate it. 😊

In case you end up deciding to open a Binance account, now you know where to look up how to transfer your Bitcoin Cash there. 😊

Yes! Is this definitely not like the cred thing 😆 We can all go poof! I'm still laughing everytime I think about that video and making me feel skeptical 😅 I know this one is a big one. Is this better than coinbase? In your opinion? Fees, linking bank?

These are really excellent questions. And I have to admit that I haven't done a lot of research. I trust them with this fork, because other people who I trust, trust them also. Of course, that is no guarantee and I will transfer the Bitcoin Cash away from Binance once I receive the Bitcoin Cash ABC. I will use a wallet to which I own the private key for storing my Bitcoin Cash. That gives the most security possible. (which is not 100%, either, unfortunately. 🙈)

Thank you for your honest response. I don't think we can be 100% safe of everything here lol Trusting our trusted friends that's very me so we can just all laugh at each other if it goes wrong! 🤣

Haha, you are absolutely right. 😄🙈 Let's hope, we will never again have to watch the Southpark "and it's gone" clip together. 😅

We can at least have a good laugh with tears in our eyes. 😂

That is true. But it's even better not to experience that. 😅🙈

Exactly! Thank you for giving a wonderful feedback with this post. Cheers

Thank you so much. 😊👍

It is definitely true that this tutorial is aimed at people who just started with crypto. I had people in mind who may have come in contact with crypto for the very first time when signing up with read.cash and who might not ever have made a transfer.

And it is probably pretty scary sending the hard-earned Bitcoin Cash to an address which was translated with some website. That is why I went into such an abundance of detail and made screenshots of every single step. 😅

I hope you will do a follow-up article explaining how to claim the new coins!

My understanding is that Binance does everything to claim them if you transfer your Bitcoin Cash to them. This is the announcement:

https://www.binance.com/en/support/announcement/ade106fd65974a9982fc5a32e063d0b0

That's good I'm sure they'll be appreciating that already. More grease to your elbow

Thank you, I appreciate it. 😊👍

Thank you very much for your kind words. I'm happy to hear that you found the article helpful. 😊

Oh no. 🙈 I gave it an upvote. I hope that fixes it.

Thank you for visiting and I hope that my article brought some new visitors to your article as well. 😊

🤣🤣🤣

thanks my friend...

the only item i would comment on is that the pre-forked coins will receive the airdrop regardless of when they are placed into the wallet (so long as the wallet supports the hard fork). because of this, there doesn't need to be any rush to transfer them before the 15th.

for now, i would simply focus on accumulation, and simply transfer them sometime next week to reduce your fees.

the risk to that is that there's a chance the newly forked coin may lose value quickly (market does not value them due to low demand), and you would not have the ability to cash out of them if you delay.

Ah, thank you very much for pointing that out. 👍

I was wondering about how such a case is handled. Good to know that the air drop won't be lost for those who don't take advantage of it right from the start. 😊

no problem. the wallet simply looks at the blockchain ledger, and will easily recognize any coins that were minted pre-fork. the rest should be automatic.

It's exactly the same for me. My first fork / air drop. Assuming it will happen. 😅

But it's definitely exciting. 😊

PS: Thank you very much for the tip. 👍

Thank you very much. 😊

Experts warn of increased volatility, but my guess is that the Bitcoin Cash price will remain pretty much as is (maybe after same up and down) and that Bitcoin Cash ABC will drop a lot as probably many people will cash out rather soon after receiving the coins. Who knows how it will continue afterwards.

As of this morning, it seems that the support for Bitcoin Cash ABC is really low. So maybe there won't be a fork after all? I'm curious what will happen.

Of course, none of this is financial advice. I'm just guessing what might happen.

totally, jsut personal thoughts =) for sure, and im overly confident that btc will just conitnue its upward trrend after the fork, I honestly just don't know if I want to go through the efforts of all these forks, for the apyoff. I might look instead at the instability of BTC to grab it at a cheaper price

Ah yes, your question was about Bitcoin. I totally forgot to get to that in my answer.

I don't believe Bitcoin will be influenced much by that fork. I assume it will stay on its upward trajectory. But who knows. 😅

Thank you for visiting my blog. 😊

If you follow the tutorial in this article carefully step by step, the transfer of BCH to Binance should work without a problem. Try it with a small amount first to make sure it works and then transfer as much as you like. (Probably all of it.)

Ah yes, that's right. Celsius does not support the fork. @PVMihalache is also using Celsius and he transferred his BCH to Binance for the fork.

Yes... better transfer them for few days...

As long as you get the free coins it's all good, right? 😊

Yeah I hope so that there is free coin 😅😆

Me too. Let's see what will happen. 😅

As far as I know, it doesn't matter in which Binance account you hold it. Binance will take care of all technicalities.

But to make sure, have a look for yourself here: https://www.binance.com/en/support/announcement/ade106fd65974a9982fc5a32e063d0b0

Yes, they support several fiat currencies, for instance US Dollar, Euro or British Pound. In which currency would you want to withdraw? I can check for you if they support it.

Ok noted. Thanks

You're welcome. And good question. I'm glad you asked it. I should have included that information in the article above.

Ok.

PS: Thank you very much for the tip and the sponsorship. 😊

You joined a select group

And I'm very happy about that. 😊👍

Ah, good to know. 👍

So far I have heard that Binance, Coinex and Atomic Wallet support the fork.

Unfortunately, I don't know any article about it. But in my research, I learned that both Binance and coinex are the two recommended exchanges.

Actually, I was looking for a tutorial like this one that I could follow along. And I assumed there must be plenty of those articles by now. But there was none. 😳

That's why I wrote a tutorial myself. 😅

Well, thank you still. Hope the fork will be beneficial and someone would published a tutorial about it.