ETH Holders: How to redeem your BTH using Trezor

Bithereum Network
3 min readAug 30, 2018

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(Source: Bithereum)

Since Ethereum and Bitcoin interact with transactions on entirely different blockchain implementations and with completely dissimilar address spaces; Bithereum has introduced a mechanism that will give you the ability to redeem BTH proportional to the amount of ETH you have.

To redeem BTH as an ETH holder, you must first send a 0 (zero) ETH transaction along with the your newly created BTH address (as a hex string in the data field) to the ETH redemption smart contract.

The ETH redemption smart contract pairs your ETH address to your BTH address and is referenced by the Bithereum oracle after the fork. The Bithereum oracle triggers the issuance of BTH from the ETH holder BTH allocation generated from the Bithereum genesis block.

Without further ado, here are the steps for redeeming BTH using Trezor.

Step 1: Open Trezor by going to MyEtherWallet

Go to https://www.myetherwallet.com/ (CHECK THE URL!!!).

Trezor is primarily designed for Bitcoin, so that’s the only currency the myTrezor site offers. However, you can use your hardware wallet to store and send Ethereum and ERC20-compliant tokens.

Rather than build an in-house solution, Trezor uses MyEtherWallet as its interface to the Ethereum blockchain.

If you would like to learn more about how you can use your Trezor, refer to this tutorial.

Step 2: Connect Trezor

Connect your Trezor to your computer, Android mobile or iPhone.

Choose Send Ether & Tokens to send, or View Wallet Info to see what’s stored on your Trezor. Don’t create a new wallet: your Trezor is your wallet!

Click Connect to TREZOR and enter your PIN.

MyEtherWallet will ask you to confirm exporting your public key. The site needs your key to check the blockchain for transactions, but it’s the public key. Nothing private is transmitted. Click Export.

The site will show you a list of the wallet addresses on your Trezor. Select the one you wish to use and click Unlock to continue.

Step 3: Follow MyEtherWallet Tutorial

At this point you will now be presented with the the send interface on MyEtherWallet.

To send the 0 ETH transaction follow the MyEtherWallet redemption guide.

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Bithereum Network

Bithereum is a hard fork of the Bitcoin blockchain in combination with Ethereum's technological roadmap structured around Proof of Stake.