TAKE A DEEP BREATH
Your BCash doesn't go anywhere.
As of 02/08 18:20 UTC, the known exchange sites to support BCash deposits are HitBTC and ViaBTC.
This guide assumes you had Bitcoins in possesion prior the hard fork, and you know your private key for those Bitcoins.
why?
When you redeem your BCash, you'll possibly expose your seed or your private key. To make sure your Bitcoins don't get lost or stolen, it is extremely recommended to move them to a new Bitcoin wallet.
Redeeming BCash requires you to install a BCash wallet, which we can't trust completely yet, and can't know for sure it will not leak your address or expose it somehow, mistakenly or intentionally. By moving your Bitcoins to a new address, you're removing that risk. Simply put, you're going to empty both Bitcoin and BCash from the old address - Bitcoin first.
how?
If you're using a wallet like Electrum, you must create a new seed, keep it safe and don't share it with anyone. Once you have your new wallet up, send your bitcoins to the new wallet.
If all you have is a private key, you can accomplish this via the supported wallets. For example, in the online blockchain wallet, you should create an account, go to Settings, Addresses, and then Import Addresses. Paste your private key, and you'll then be able to Spend the address balance to a new one of your choice. Note: Using Blockchain wallet itself, with a seed, isn't considered the most secure by some, but in this case we're only importing an address and spending it immediatly.
why?
To send your BCash to an exchange you'll have to use a wallet of the BCash network. You cannot do that with a Bitcoin-only wallet.
how?
Support for BCash isn't huge. The most obvious way to do this currently is with Electron Cash. Note that Electron Cash has nothing to do with the real Electrum, and we cannot trust this app fully - it may steal your Bitcoins. It is advised to run it in a Virtual Machine.
Once you install the wallet, import your old Bitcoin address with the private key. If the wallet shows the transaction to the new Bitcoin address, it's probably listenning to the Bitcoin network instead of the BCash one. Go to Tools, Network, and you can see the servers sorted into 2 groups. These are the two chains. Right click on the group that includes cascharia.com
and criptolayer.com
and choose Follow this branch. You should then be able to spend your BCash.
- Instructions for Ledger Blue and Nano S owners
- Instructions for Trezor owners
- Instructions for Digital Bitbox owners
why?
There's no magic that transforms BCash into Bitcoin. You'll need to sell it in an exchange site.
how?
The following exchange sites are said to support BCash deposits.
- HitBTC is accepting BCash deposits, without any customer verification process, and allow you to exchange it only after 2 confirmations.
- ViaBTC is accepting BCash deposits, and you can exchange it after 1 confirmation. But you need to wait for 20 confirmations to withdrawal the received Bitcoins. Name, mobile number and ID card number are requiered for verification.
Warning: we don't know if any of these exchange sites will actually let you withdraw your Bitcoins, it's on your own risk. I will update once we have proven reports
You can check the blocks being mined on BlockDozer or Blockchair.
More detailed instructions will follow, but each exchange site has its own interface and it should be pretty straight-forward.
why?
Your Bitcoins aren't yours if you don't own the private keys. You should only leave Bitcoin in an exchange site if you're actively trading it. If you're not, do not leave it in the exchange site. Exchange sites are being hacked day and night and people lose their Bitcoins because of this mistake.
how?
More detailed instructions will follow, but feel free to withdraw the free Bitcoin to the new address you've created on Step 1, or create another new address if you like.