The Crypto Dad shows you how to prepare for the Litecoin Cash hard fork. We are going to move some Litecoin into a compatible wallet. So I will explain how to download, verify, and install the Litecoin Core wallet. After that, we will move some Litecoin into the wallet.
We are going to keep the Litecoin in the wallet until the hard fork date. Then we will move the Litecoin back out after the hard fork date.
PLEASE MAKE SURE YOU MOVE YOUR LITECOIN OUT OF THE WALLET BEFORE ATTEMPTING TO CLAIM YOUR LITECOIN CASH (AFTER THE FORK DATE WHICH WILL BE AROUND FEB 18, 2018)
Here is a statement taken directly from the Litecoin Cash website:
IN ALL CASES: Practice safe forking. That means you must never paste private keys that hold live funds into ANY website or wallet in order to claim fork coins — including ours. After the fork, FIRST move your LTC to a new address, THEN use the private key from the “old” address to claim your LCC.
New social Media links!
Find out more about Litecoin here: https://litecoin.org/
You can find the Ledger Nano S here: https://www.ledgerwallet.com/products/ledger-nano-s
The verification steps are performed with the following software:
Gpg4Win for verification of cryptographic signatures: https://www.gpg4win.org/
And the MD5 & ShaSum Checker for verifying the 256 hash:
MD5 & SHA Checksum Utility
If you want to encrypt your USB flashdrives, I recommend VeraCrypt:
If you would like to get started buying Litecoin, one of the easiest ways is opening a Coinbase account.
You can set up a set up a Coinbase account at:
You can set up Coinbase Account here (This is my affiliate link):
I recommend setting up a GDAX account to save fees on transfers
Set up GDAX:
Related videos on my YouTube Channel
How to set up a Coinbase account: https://youtu.be/odV2XE0B6fo
How to enable 2-factor authentication on a Coinbase account: https://youtu.be/EAnM3hOiZCg
You can also download the Coinbase App:
For IOS: https://itunes.apple.com/us/app/coinbase-buy-bitcoin-more/id886427730?mt=8
For Android: https://play.google.com/store/apps/details?id=com.coinbase.android&hl=en
I highly recommend the Google Authenticator app for extra security on your Coinbase account:
For IOS: https://itunes.apple.com/us/app/google-authenticator/id388497605?mt=8
For Android: https://play.google.com/store/apps/details?id=com.google.android.apps.authenticator2&hl=en