I am new to this crypto currency thing and am soooo confused but learn more and more everyday! What I am trying to figure out now is:

  1. I own a fraction of a Bitcoin on Coinbase. I look at coin base as my “ETrade”. I can just buy and sell there, is there a better place and if so why is the other place better?
  2. Recently, in November, Bitcoin had a fork. I was under the impression during a fork it is just like a “split”. I thought I would get equal “shares” of Bitcoin under a different symbol and/or Blockchain. I do not see where I received anything. Why?
  3. Should I hold my coins elsewhere to take advantage of forks? If so, where?

Thank you so much for trying to clear up my spinning head!


1 Answer 1


If you had your coins in coinbase, you won't be credited as coinbase owns your private keys. To get your hard fork credits, you needed to have your funds in a external wallet with access to your private keys. After a fork happens, you can download a wallet that supports the new coin and import your private keys into it.

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