How to avoid REPLAY loss of your Bitcoins

in #bitcoin7 years ago (edited)

![bitcoin.jpg]() source:

Hey guys,

Here is a guide to protect your Bitcoins through REPLAY losses! (Bitcoin/Bitcoin Gold)


1. What is Replay

This is just an easy eplanation, so do not judge me if it is not the full information!

Replay means that if you send your new Bitcoin Gold to an adress (e.g. for selling them) that your Bitcoins will be sent as well to this adress. This is called Replay and it is the result of splitting the Blockchain! 

Worst-Case scenario is that your whole Bitcoins are sent away as well as your Bitcoin Gold and they are lost if you dont have access to the wallet where you sent them. 

2. How to avoid losing your Bitcoins when sending Bitcoin Gold

It is pretty easy and genious as the same time!


You get one Bitcoin Gold for each Bitcoin. 

For example you have one Bitcoin in your Wallet --> you will get one Bitcoin Gold!

This is the "Problem"!


SOLUTION:

Go to an Exchangeplatform and buy a tiny amount of normal Bitcoin. Lets say 0,0002 BTC

The Exchangeplatform will make it right and send you just the Normal BTC ---> if not you got another 0,0002 Bitcoingold for free!

Now you have more than one normal BTC and you can send them to another wallet of yours!

If you send the 1,0002 BTC first a Replay is not possible because you have only 1 Bitcoin Gold!

After this is done you can send your Bitcoin Gold (the only Bitcoins in your Wallet) wherever you want without beeing at risk losing your BTC through REPLAY!

This is a safety method if you are not 100% sure that it will work without! --> never trust anyone ;-)


If you like this post please give me an UPVOTE and feel free to follow me!

Good luck with your Bitcoin Gold

Unbelievabl3


 @OriginalWorks  



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