Hey everyone, be sure your bitcoin is in a wallet where YOU control the private keys! A fork of bitcoin is highly likely on Tuesday August 1st. If you have the 12-word backup, that means you have the keys. That means you’ll have the same amount of “Bitcoin Cash” (BCC) as you do original BItcoin after the fork. A few wallets like Jaxx and Coinomi have announced direct support for Bitcoin Cash is coming, with others you may have to jump a few hoops if you want your BCC sooner rather than later.
Alternately, if you want to trust your coin to an exchange, Kraken and Bitfinex have pledged to split off your new BCC automatically. As long as they don’t get hacked in the time your coins are there, you should be okay doing it that way.
Let us know if you have questions!