If you haven't been living under a rock for the past few days than you may have heard of something called Bitcoin Cash, and how you can get free money. However you may not understand how exactly this works so here is how it works and how to sell this trashcoin for some real money.
What Bitcoin cash is a Bitcoin alternative that will fork with Bitcoin, so after the Bitcoin fork, because the blockchain will split and you will own both Bitcoin, Bitcoin Legacy, and Bitcoin Cash. Now what this means is that you will be able to claim however much bitcoin you have as bitcoin cash after the hard fork. So how does this make you free money? Simple, you can take these coins that are worth practically nothing, and dump them on ViaBTC who are accepting this new coin.
Now you might be thinking, "well there's no such thing as free money, what's the catch?" Which is a legitimate question. The true catch is that there is the risk that you will not receive both coins and if you cash out Bitcoin Cash than you lose all your Bitcoin. There is also one prerequisite and that is that you have to hold your own private keys somehow. You cannot do this with Bitcoin in an exchange or in a hot wallet.
So to recap, on the 1st, you may or may not take the risk to cash your free Bitcoin Cash onto ViaBTC and dump all of it for some real money. And that's it, you now have some free Bitcoin. Thanks for reading, Don't forget to upvote, and if you want others to see this info, resteem.
Hey,
I was wondering what exactly is a "hot wallet" would jaxx be considered one of these?
thanks,
CryptoJ
Yes Jaxx is a hot wallet. A hot wallet is a wallet where you do not store your own private keys and unless trust them to a central company, like blockchain, jaxx as you mentioned, and coinbase. Basically the only wallets which will work are hardware wallets or paper wallets with a few exceptions like armory and electrum.