How Do I Claim and Sell Bitcoin Diamond (BCD)?

The Long Answer: Introduction

Claiming Bitcoin Diamond (BCD) coins requires some work, and there’s no one solution as it depends on how you are currently holding on to your BTC and what hardware/software you have access to. To help pick the right path we’ve broken the process down in to a number of possible methods.

Once you’ve moved the forked coins into a wallet you control we then provide you with a number of possible options depending on what you want to do with them.

Moving Bitcoin Diamond (BCD) Coins

Along with each method we also outline the technical difficultly level, privacy/security protection and our recommendation level. Read through each to find which is the most recommended option for you to use.

Method 1: Your existing wallet you are using to hold BTC

We Recommend

Security
Difficulty
Default Privacy

If you have been storing your BTC on a wallet, for example a hardware wallet, and have been doing so through the fork point, it is possible that your wallet may have added the feature which allows you to move the coins. If you are comfortable using your existing wallet, we can recommend this. However, we do not recommend migrating your private keys to a different wallet for this purpose.

*We do not provide any advice on claiming via your existing wallet. It is up to you to follow the directions from your wallet’s vendor for moving Bitcoin Diamond (BCD).

Method 2: Using Ymgve’s bitcoin_fork_claimer on an Ubuntu Live DVD Temporary Session

We Recommend
Security
Difficulty
Default Privacy

We have provided a complete walk-through guide for this:

A Novice’s Guide To Claiming Forked Bitcoin Value Securely And Privately

Method 3: Using Ymgve’s bitcoin_fork_claimer on a TAILS Live DVD Temporary Session

We Recommend
Security
Difficulty
Default Privacy

We have provided two different walk-through guides for this that may relevant and helpful to your particular situation:

Intermediate’s Guide To Efficient Fork Value Claiming and Record Keeping
Cypherpunk’s Guide To Claiming and Selling Fork and Record Keeping

Method 5: Use The Provided Wallet or Node Software From The Bitcoin Diamond (BCD) Project

We Recommend
Security
Difficulty
Default Privacy

Bitcoin Diamond (BCD) provides a wallet that can be located via their project page.

Individual projects do not develop software in a way that is as reliable and trustworthy as the top-tier Bitcoin (BTC) wallet software. Also, there is a conflict of interest by trusting software that is not shipped and reviewed by an independent party who has no financial stake in a project. Due to the number and variety of cryptocurrency projects, very few get any code review, and being ‘open source’ is far from a guarantee that there is nothing malicious or mistaken in this code.

Special Considerations for Moving Bitcoin Diamond (BCD) Coins

Please read over the following section which cover some of the nuances of moving Bitcoin Diamond (BCD) using the different address types.

Claiming from P2SH addresses

The bitcoin_fork_claimer tool does not have support for outputs which are encumbered with script conditions. These Bitcoin addresses start with 3 with the exception of Segwit address, which start with 3 as well. If you have coins held on one of these address through the fork or airdrop point, you will need to do some research and investigate other methods for redeeming this value.

A likely viable solution is to use the official Bitcoin Diamond (BCD) software from the project, however that requires trusting the development team and release process of the project. This is something that we cannot make a blanket recommendation for, so please proceed with caution.

Selling Your Bitcoin Diamond (BCD) Coins

If you want to part with your Bitcoin Diamond (BCD) then we offer some options for how to trade it along with some considerations for privacy.

Option 1: Sell At Exchanges That Take Deposit

On the page for Bitcoin Diamond (BCD) we track exchanges that allow depositing and trading of the coin and provide attributes for comparison in our directory. Right now, we are aware of 18 exchanges that take deposit and trade Bitcoin Diamond (BCD).

Option 2: Sell At An Exchange That Takes Deposit and Does Not Require KYC

For claiming without revealing your identity, you can find non-KYC exchanges which are tracked in our directory.

We cover this and many related concerns in this detailed guide:

Cypherpunk’s Guide To Claiming and Selling Fork and Record Keeping

The exchanges for Bitcoin Diamond (BCD) are listed at our page for Bitcoin Diamond (BCD). At the moment, we are aware of 12 that do not require KYC documentation and verification.

Option 3: Sell To An OTC Broker

This will require some effort on your part to find one you deem trustworthy enough to trade with, however brokers exist that are willing to buy just about any coin that can be transacted.

Option 4: Donate To A Worthy Cause

It’s an honor to be able to build a useful set of tools for this space which help inform and allow individuals to unlock and control
the value they own. We wrote this post on Why Should I Donate Fork/Airdrop, BTC or other tokens to Forkdrop.io? to fully explain our stance.

The Forkdrop.io donation address for Bitcoin Diamond (BCD) is: 1a7FqzoeVqLvQqUqnWT6sFuc6qB81fqXo