BCH - How to store it.

[Oliver]

Can someone please be so nice and explain me how to store bch?

I do not talk about splitting, all i want is to STORE it. In future over ledger if thats possible.

If I purchase BCH on the exchange, where do I transfer it to? To a wallet supporting it of course but do I send it to the bitcoin adress or do I have to wait till there is a OWN bch adress? 

Will the BCH even be a OWN coin like lightcoin e.g with its own wallet / adress ?

I am really lost and google does not help me further

Thanks to everyone who answers

Edited August 2, 2017 by Oliver

[phony]

I heard this one is decent: https://beta-wallet.trezor.io/

[Oliver]

Just now, phony said:

I heard this one is decent: https://beta-wallet.trezor.io/

I know a lot wallets, trezor included but I dont really understand how to store it, is bch an own coin or does it share its space with btc 

[The Undefeated]

1 minute ago, Oliver said:

I know a lot wallets, trezor included but I dont really understand how to store it, is bch an own coin or does it share its space with btc 

Why are you buying / do you want to buy something you don't know?

[Oliver]

5 minutes ago, The Undefeated said:

Why are you buying / do you want to buy something you don't know?

why not?

[9nine9]

34 minutes ago, Oliver said:

why not?

BCH is coin forked from the Bitcoin blockchain. I have some purchased on an exchange called Kraken which you will have to verify yourself on. 

Let me explain in sum.

You could have/can obtain(ed) BCH in 2 seperate ways.

1) By owning BTC before Aug 1 (fork day). This would allow you to split your Bitcoin, thus mean if you owned say 1 BTC beforehand, you will have 1 BCH as well.

2) The second way is to deposit another currency (I used LTC) into an exchange and buy it that way. (People who had BTC in an exchange had their BCH split for them, and these are the ones in which you are buying).

 

This leads to complications though as BCH cannot enter or exit an exchange as for technical safety reasons. The only BCH existent in exchanged in the moment are ones forked from users holding BTC within them.

This leaves us many coins outsides the exchanges unable to get in, and as for me I can't get mine out. For them to deem the technical risks lowered will take several days.

Make of this whatever you wish, but I see a great future, I mean, people will eventually treat this like BTC.

Answering another question: Im sure separate wallet software is in development at the moment. (So people can split their coins)

Edited August 2, 2017 by Borgore

[Oliver]

22 hours ago, Borgore said:

BCH is coin forked from the Bitcoin blockchain. I have some purchased on an exchange called Kraken which you will have to verify yourself on. 

Let me explain in sum.

You could have/can obtain(ed) BCH in 2 seperate ways.

1) By owning BTC before Aug 1 (fork day). This would allow you to split your Bitcoin, thus mean if you owned say 1 BTC beforehand, you will have 1 BCH as well.

2) The second way is to deposit another currency (I used LTC) into an exchange and buy it that way. (People who had BTC in an exchange had their BCH split for them, and these are the ones in which you are buying).

 

This leads to complications though as BCH cannot enter or exit an exchange as for technical safety reasons. The only BCH existent in exchanged in the moment are ones forked from users holding BTC within them.

This leaves us many coins outsides the exchanges unable to get in, and as for me I can't get mine out. For them to deem the technical risks lowered will take several days.

Make of this whatever you wish, but I see a great future, I mean, people will eventually treat this like BTC.

Answering another question: Im sure separate wallet software is in development at the moment. (So people can split their coins)

 

Thank you very much for taking the time to explain it! #qualitypost