Since the Bitcoin Cash (BCH) hard fork on Nov. 15 resulted in a blockchain split, many pre-fork holders are interested in finding out how to split their BCH and BSV into two separate currencies. Over the last week, a few infrastructure providers have released tools and some exchanges have offered to split the two for customers as well. In this guide we’ll detail how anyone can split their coins in a more privacy-centric manner using the Electron Cash wallet.
Also read: Content Creators Can Earn BCH Using the Honest Cash Platform
Splitting BCH and BSV With the Electron Cash Wallet
It’s been more than a week since the BCH hard fork and the blockchain split that saw the birth of the BSV token. Because of the split and the identical chain histories, anyone who owned bitcoin cash prior to the split now owns the same amount of BSV. Some people elect never to bother splitting their coins, while others choose to split their coins and sell one or the other right away – or alternatively to hold them both. At the moment, the best way to separate BSV from your existing pre-fork BCH holdings is by utilizing the Electron Cash wallet.
There are more convenient ways such as sending unified coins to an exchange that has promised to split the tokens for customers, but this method is less private. The Electron Cash wallet allows users to split the tokens and add them to a separate address or multiple addresses independently. Further, because the software serves as a noncustodial wallet, the user remains in charge of their private keys and funds at all times.
