So another fork of Bitcoin and and another cryptocurrency for free. You can certainly look forward to the gold version of Bitcoin called Bitcoin Gold.
Ledger Wallet as usual has provided you the ability to claim Bitcoin Gold on the Ledger Nano S for free. In the recent past, they supported the earlier Bitcoin fork which created the Bitcoin Cash cryptocurrency.
Lets begin then. A small caveat, you can only claim Bitcoin Gold, if you had Bitcoins stored in the Ledger Nano S on 24 October 2017.
Quick Steps to Claim Bitcoin Gold on Ledger Nano S
- Install the Ledger Manager app on your Chrome browser.
- Install the Bitcoin Gold app on your Ledger Nano S.
- Open the Bitcoin Wallet that you had installed on your Chrome browser.
Congrats! You are the proud owner of the latest cryptocurrency.
Let me elaborate these steps in this section.
Install the Ledger Manager app on your Chrome browse.
In the event that you have not installed the Ledger Manager app, please do that. Visit the Ledger Manager section on the Ledger website and click on Install.
This will bring up the Chrome store, where you can add the Ledger Wallet to Chrome.
Install the Bitcoin Gold app on your Ledger Nano S
Connect your Ledger Nano S to the computer using the supplied USB cable. Open the Ledger Manager app. You can type ‘chrome://apps/‘ in the Chrome address bar and you will find the Ledger Manager app. Find the Bitcoin Gold app and install it by clicking the Green arrow next to its name. This will install the Bitcoin Cash app on your Ledger Nano S. You will be asked to confirm the installation on the device. Please confirm that.
Open the Bitcoin Wallet that you installed on your Chrome device
On the Ledger Nano S device, open the newly installed Bitcoin Gold app. Then close Ledger Manager app and open the Ledger Wallet Bitcoin app.
On the window that opens, click on the BTG Split tool option at the bottom.
Another pop-up window will open for the BTG Split tool. Depending on how you saved your Bitcoins, you must choose either Legacy or Segwit.
The Ledger wallet will start synching.
Congrats! You are the proud owner of the latest Bitcoin fork cryptocurrency – Bitcoin Gold.
You are eligible for the same number of Bitcoin Gold coins (BTG) as the Bitcoins you had. The coins are available for you at any time. The price of Bitcoin Gold was nearly $350 when I wrote the article. Bitcoin Gold is the top 5 cryptocurrency in terms of the largest market cap, eclipsing Litecoin. You can move your BTG to an exchange of your choice and begin trading. Many exchanges are offering supporting to BTG. The future of BCash is still very uncertain for now. Who knows, if you hold on to BTG it could do wonders to your portfolio similar to its cousin, Bitcoin.