Hard and Fast Rules for Bitcoin SegWit2x Fork

!!!UPDATE!!! 9 November, 2017

SegWit2x Fork has been CANCELLED, see https://lists.linuxfoundation.org/pipermail/bitcoin-segwit2x/2017-November/000685.html

Disclaimer: We will not be responsible for any losses, damages or claims arising from the information provided in this article.

Bitcoin is about to fork again. This time, it is the Segwit2x hard fork which doesn’t have strong replay protection.

There are a few things you should CONSIDER doing before, and after the fork. I won’t explain any technical stuff here. Since there are plenty of articles that do just that.

When is the fork happening?

Around November 16, 2017, 10:01 am EST. Block 494784.

What to do before the fork? (If you want to have access to the SegWit2x coins as well as the original Bitcoins)

If you are storing your Bitcoin via a custodial service such as an exchange that isn’t going to support the SegWit2x split. You have 2 options:

• 1. Secure your Bitcoin in a wallet that you can control. Preferably with easy access to your Private Key. Wallet options include paper wallet, wallets listed on bitcoin.org (mobile wallets are less preferred), a full node such as Bitcoin Core, or a hardware wallet.
• 2. Move your Bitcoin to an exchange that supports both Bitcoin and SegWit2x.

What to do before the fork? (If you don’t care about any of this)

• Don’t do anything

What to do after the fork?

• Don’t make any transactions until the dusts are settled. Give it a week and check trusted news sources such as Bitcoinmagazine.com and Bitcoin.org.
• Don’t trust any websites that say they will help you split your Bitcoin, they are probably scams.

We might be experiencing some turbulence on this one. Fasten your seatbelt and hodl on tight.