Exchanges decide on Bitcoin Cash (BCC)

in #cryptocurrency7 years ago (edited)

Exchanges decide about Bitcoin Cash (BCC)

Bittrex (Position = Supporting BCC)

If you have a Bitcoin (BTC) balance on Bittrex during the BCC UAHF time on August 1st, 5:20am (12:20pm UTC), you will be credited the equivalent amount of Bitcoin Cash (BCC) on a 1:1 basis. i.e. 1 BTC on Bittrex held during the on-exchange snapshot will get you 1 BCC. Full details below.

Bitcoin Cash [BCC] is a proposed digital asset based on the Bitcoin ABC client. BCC is set to perform a User Activated Hard Fork (UAHF) from the Bitcoin network on August 1st, 5:20am (12:20pm UTC). BCC includes some code and consensus changes such as SIGHASH_FORKID replay protection, support for 8 MB block sizes, modified difficulty adjustment and removed support for Segregated Witness.

At this time, several exchanges have expressed the future support for BCC trading as well as mining pools. Bittrex will be monitoring this situation closely. Bittrex will close deposits and withdrawals of Bitcoin (including 2nd layer protocol XCP/OMNI and associated assets) 24 hours prior to the BCC UAHF time on August 1st, 5:20am (12:20pm UTC). The wallet will remain closed until the majority hash power chain is clearly established. Trading will remain active during this time. In the event of a chain split, Bittrex will take all reasonable steps to ensure that customer funds can be preserved on both chains.

Bittrex will monitor the BCC network and developments and assess the viability of opening trading of BCC assets. There is no guarantee that any markets will open to allow BCC assets to be tradable on Bittrex exchange.

Kraken (Position = Supporting BCC)

Although the Bitcoin Cash fork is expected to be minor, it may be successful. Provided that unforeseen circumstances do not make it prohibitively unsafe or difficult for us to do so, Kraken will support Bitcoin Cash

Poloniex (Position = Not Supporting BCC)

At this time, we cannot commit to supporting any specific blockchain that may emerge if there is a blockchain split. Even if two viable blockchains emerge, we may or may not support both and will make such a decision only after we are satisfied that we can safely support either blockchain in an enterprise environment.

Coinbase (Position = Not Supporting BCC)

On August 1st, 2017 there is a proposal to make changes to the bitcoin software. This proposal, known as Bitcoin Cash, is likely to create a fork in the Bitcoin network. This means that after August 1st, 2017 there are likely to be two versions of the Bitcoin blockchain and two separate digital currencies.

In the event of two separate blockchains after August 1, 2017 we will only support one version. We have no plans to support the Bitcoin Cash fork. We have made this decision because it is hard to predict how long the alternative version of bitcoin will survive and if Bitcoin Cash will have future market value.
This means if there are two separate digital currencies – bitcoin (BTC) and bitcoin cash (BCC) – customers with Bitcoin stored on Coinbase will only have access to the current version of bitcoin we support (BTC). Customers will not have access to, or be able to withdraw, bitcoin cash (BCC).

Bitstamp (Position = Not Supporting BCC)

In the event of a User Activated Hard Fork (UAHF) on 1 August or thereafter, it is important to clarify that Bitstamp would not be in a position to support Bitcoin Cash (BCC), the coin associated with the Bitcoin Cash proposal. In Bitstamp’s view, BCC is an alt-coin and the decision to list BCC tokens remains at our sole discretion at all times.

If Bitstamp chooses to list BCC, we would decide at our own discretion on what course of action to take with balances deriving from the hard fork. BCC would also be subject to the same due diligence processes as for any other alt-coin, which requires time and careful planning. For this reason, Bitstamp is not in a position to support BCC, nor will Bitstamp be liable for any BCC sent to Bitstamp.

CEX.IO

CEX.IO is supporting SegWit. If the hard fork happens, they will split only those Bitcoins that are on accounts of CEX.IO users and deposited before the possible hard fork - 12:20 PM (UTC), August, 1st.

Bitfinex (Position = Supporting BCC)

they would be supporting bitcoin cash. They plan on providing an amount of bitcoin cash tokens equivalent to that of bitcoin in their customer’s wallets.

Trezor and Ledger (Position = Supporting BCC)

Trezor and Ledger have provided details on securing bitcoin cash in their wallets when the fork occurs.

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You are the first person that I found that actually gave information about how the different exchanges will handle the split. I have been moving my BTC off of the exchanges and on to a personal private wallet where I hold the private keys to be sure that I did not miss out, but now know which exchanges will be safe. Thanks

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https://www.bitstamp.net/article/bitcoin-hard-fork-our-position/