ShapeShift, the popular instant cryptocurrency exchange platform, has added a new feature. For quite some time now, there has been confusion on how users can separate their Ethereum and Ethereum Classic coins correctly. Ethereum Splitter, as this new feature is called, takes care of this problem automatically.
Ethereum Splitter Can Be A Powerful Tool
Up until this point, there has not been a good way to separate Ethereum and Ethereum Classic balances. One way to do so is by running two different versions of the Mist wallet, one that supports the hard fork, and one which does not. However, the new ShapeShift feature makes the process even easier and does so through an intuitive user interface.
Ethereum Splitter, as this tool is called, is designed to prevent funds from going missing. All Ethereum [Classic] holders are entitled to their proper amount of coins, and separating both chains is of the utmost importance. By using this tool, users can “clean” their balances to have ETH sent to a fresh address and ETC to a different address.
It is important for users of the Ethereum Splitter service to enter new wallet addresses they just created, as to avoid any further confusion. Once those addresses are filled in, the service will send funds to those wallets accordingly. The user will still need to send their ETH or ETC funds from the current wallet to the service to have it split up.
As is the case with any of the services offered by ShapeShift, this process is entirely automated and should only take a few minutes to complete. The company mentions it may take up to five minutes, depending on how fast transactions are confirmed on their respective blockchains.
There is also a 0.25% fee to use this service, which is only normal. Only use a clean address – generated after the hard fork – to make sure no funds is missing or sent to the wrong blockchain.The minimum deposit for this service is 0.5 Ethereum or Ethereum Classic. All in all, a great tool that will hopefully clear up some of the confusion.
Image credit 1
If you liked this article follow us on Twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin and altcoin price analysis and the latest cryptocurrency news.
