Bitcoin Cash FAQs - Learn more about BCH
Everything you need to know about Bitcoin Cash inside of Exodus.
In this Article:
- 15 November, 2020 BCH hard fork
15 November, 2020 BCH hard fork Questions
What is happening to Bitcoin Cash (BCH)
Please note: As there is no replay protection for this hard fork, sending out your BCH could result in a loss of BCHA funds.
The Bitcoin Cash (BCH) network underwent a network upgrade on the 15th November, 2020. The BCH network participants couldn’t agree, and as a result, the fork resulted in a hard fork.
This means we now have two completely different chains: BCHN and BCHABC. This is similar to BCH’s split initially from BTC and then again with the split of BCH and BSV.
There is now:
- Bitcoin Cash (BCH)
- The brand new: Bitcoin Cash ABC (BCHA)
How is Exodus handling the BCH hard fork?
Exodus still supports Bitcoin Cash (BCH).
We have not yet arrived at a decision for supporting the new Bitcoin Cash ABC (BCHA) coin.
Can I safely use BCH in Exodus?
You can still send and receive BCH inside your Exodus wallet, but please remember that sending out your BCH will also send out your new (unsplit) forked BCHA coins too. This is because there is no replay protection.
You will need to find a wallet that supports both BCH and the new BCHA to split your funds for you.
We recommend that you don’t make any BCH transactions until you have split your BCHA from your BCH.
Will Exodus support the new forked coin?
At this time Exodus has not made a decision to support the new coin or not as we need to make a proper evaluation.
If you'd like to see the criteria we look for when adding support for new assets, please check out this article.
How will I access my forked coins?
As your Exodus wallet is non-custodial, this means that whether or not Exodus decides to support the new forked coin will not matter.
To have access to your forked coins, all you will need is your BCH private key, which you can find following this guide. Once you have your BCH private key, just import it into a wallet supporting Bitcoin Cash ABC (BCHA).
Please note: As an additional word of caution, please remain careful with any sort of scam attempts that may appear to be lucrative, as forks such as these tend to attract a lot of scammers. Please check out this guide on how to keep yourself safe from such incidents.
Bitcoin Cash Address Questions
What is the Bitcoin Cash CashAddr (q address) format?
The "CashAddr" format was developed by the Bitcoin Cash team to encode addresses in a format to reduce user error when sending and receiving Bitcoin Cash. This new format helps distinguish between Bitcoin Cash (BCH) and Bitcoin (BTC) addresses. It starts with a q.
How do I convert my Bitcoin Cash Address (q address) to Legacy Address?
Exodus supports the Bitcoin Cash q address format. If another service does not accept your Exodus Bitcoin Cash q address, you can convert it to a Legacy address. Your BCH will arrive at your Cash address even if sent to the converted Legacy format. All you need to do is:
- Open your Bitcoin cash wallet inside of your Exodus wallet on your desktop or mobile device.
- Click/tap to receive and copy your Bitcoin Cash receive address.
- Next, visit BTC.com address converter, paste in your Bitcoin Cash q Address in the search bar and hit Address Converter button. The explorer will show you both the Legacy and CashAddr formats.
You will see your address converted to Legacy, CashAddr (q address), and BitPay & Copay. Just copy and use the Legacy version of your address.
Please note: We highly recommend double-checking the address you have just converted on another block explorer to be 100% sure that the explorer you used has not been compromised. Just enter the converted address on a Bitcoin Cash block explorer.
Bitcoin Cash Claiming Questions
How do I claim my unclaimed Bitcoin Cash inside of my Exodus wallet?
Below are the instructions on how to claim Bitcoin Cash (BCH) if you had Bitcoin (BTC) in your Exodus wallet on July 31st, 2017:
- Open your Bitcoin Cash (BCH) wallet inside of Exodus. If you don't see BCH in your wallet, you can enable it in Settings.
- Click on the three dots in the upper right corner of your Bitcoin Cash wallet and select the Claim Pre-Fork BCH option:
- After reading the pop-up, click the blue Continue button:
- Exodus will now ask where you want to send your Bitcoin Cash. Your Exodus Bitcoin Cash address will automatically populate into this field. Feel free to use the address or send it to any other Bitcoin Cash wallet of your choice:
- Now, click on Check My Wallet Now button to begin searching for your BCH.
Once the process is finished, Exodus will tell you the total amount of Bitcoin Cash it found for you, and shows the network mining fee this transaction will cost to send it to your Bitcoin Cash wallet.
How do I claim my unclaimed Bitcoin Cash from a different wallet using Exodus?
Below are the instructions on how to claim Bitcoin Cash (BCH) if you had Bitcoin (BTC) in a wallet other than Exodus on July 31st, 2017 using your desktop Exodus wallet now.
- The first thing you will need is your Bitcoin private key from the other wallet that held Bitcoin on July 31st, 2017.
- Once you have the private key, open up your Exodus wallet on your desktop device.
- Make sure you enable Bitcoin Cash.
- All you need to do now is open your Bitcoin Cash wallet in Exodus and click the three dots in the top right corner, then click Move Funds.
- Paste in your Bitcoin private key you grabbed in Step 1.
Please note: This process will include a network fee which is paid in full to the BCH network.
Exodus will then sweep the private key for Bitcoin Cash and put it into your Exodus wallet!