Ycash Wallet on Guarda: How to Get Ycash After the Fork | Detailed Guide

What is Ycash?

  1. Ycash is going to reduce the Founders Reward rate from 20% to 5% in order to preserve the coin cap on 2.1 million hight precisely
  2. The rest of the Founders Reward will be transferred to a newly established Ycash Foundation
  3. Ycash will transform its Proof-of-Work algorithm to the one that is more suitable for mining on commodity hardware.

How to claim Ycash?

  1. Scenario 1. You already possess some Zcash and store it in a wallet different from Guarda, then you’ll need to import that private keys on Guarda while setting up a new wallet for YEC.
  2. Scenario 2. You store your ZEC savings directly on Guarda, then you’ll have to export the existing Zcash wallet private keys and import them as a Ycash wallet.
  3. Scenario 3. You don’t have any ZEC yet but still want to gain YEC at the time of the fork, then you should create storage for ZEC on Guarda, purchase some Zcash right within the wallet before the fork occurs, and then, claim YEC by exporting the private keys and importing them as it was described in the previous scenario.
  1. Export your private keys from the wallet that you currently use for storing Zcash
  2. Go to the Guarda Wallet website and click “Create wallet” in the upper right corner of the home page. Once you’ll do this, you’ll be immediately redirected to the welcome screen
  1. Choose the “Import or Restore” tab in the upper part of the screen. Here, select Ycash as a currency in the first slot and paste your private keys from the wallet for Zcash in the second one
  1. Click “Add wallet” to complete the process. Now, you’ll only have to wait for some time (up to several hours) to see the relevant YEC balance.
  1. First of all, wait until the block height reaches 570.000. As it happens, go to your Guarda wallet
  1. Next, click “Backup and Keys” in the upper left corner of the screen. On the page dedicated to backups and private keys, choose the tab called “Manage by Currency”. Here, you’ll see the information about exporting your private keys. Pick Zcash wallet by scrolling down or typing ZEC in the search field
  1. Click “Show private keys” and type in your wallet password one more time in order to ensure the security of information. Once you’ll do it, you’ll be able to see your private keys and copy it as a text or as a QR code, do it as you prefer
  1. Now, you have to go to the next tab — “Import by Currency”. Here, you should select Ycash in the first slot (“Select currency”) and paste your Zcash wallet private keys
  1. Click “Add wallet”… and you’re done! Probably, you’ll be asked to wait for the rescan to complete. In this case, you’ll see your relevant YEC balance after some time passes.
https://guarda.co/app/

Create a Zcash wallet by following 4 easy steps:

  1. Go to the Guarda Wallet website and click “Create wallet” on the main page
  2. Think of a strong password for your Guarda wallet
  3. Download the backup file and store it in a secure place
  4. Your multicurrency wallet has just been created!

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Guarda Team

Guarda Team

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We write about essential updates and news around Guarda Wallet Ecosystem