I have some pre-split BTC in a paper wallet. Now, I found an article that describes how I can extract BCC from it using Electrum and Electron Cash. Basically the steps are:
- Install Electrum wallet, import your paper wallet into it
- From Electrum wallet, send your BTC elsewhere (possibly a new paper wallet)
- Install Electron Cash, import the same private key and you should see your BCC balance there and be able to use it
Question: do we really need step #1 - can I just import BTC from my paper wallet into an exchange for example, without first using Electrum wallet?