You can now withdraw your BCH or sell it for Bitcoin. At this stage, it appears the fork is only supported by a small minority of platforms, users and miners. However, if Bitcoin Cash survives the fork and has non-trivial value, preparing for bitcoin cashwealthdailycom will provide a mechanism for our customers to withdraw their Bitcoin Cash see the FAQ, further down.
This functionality will take time to implement and will only be available some days after the fork occurs. If you intend to actively trade Bitcoin Cash for digital or local currencies in the days following the fork, we recommend that you withdraw your BTC to preparing for bitcoin cashwealthdailycom Bitcoin Cash-compatible platform, before the fork occurs.
Please also prepare for the following possibilities over the coming days: It is an alternative currency or altcoin supported by a group of developers, which will come into existence by forking from the current Bitcoin software.
You can read more about the project here: Yes, your funds are safe with Luno. During this upcoming fork, nothing will affect your Bitcoin balance: You will be able to use your Bitcoin like normal. You will still be able to use it preparing for bitcoin cashwealthdailycom a store of wealth, preparing for bitcoin cashwealthdailycom it for local currency — or other digital currencies— based on the relevant exchange rate ssend it to other Bitcoin wallets, and use it as a means of payment all around the world.
Bitcoin Cash may have some value, and if so, you can withdraw it to a Bitcoin Cash-compatible platform. Bitcoin Cash may also have absolutely no value or utility and ultimately fail.
Only time will tell. For context, preparing for bitcoin cashwealthdailycom previously wrote about the Bitcoin Unlimited near-fork in March On the Bitcoin hard fork. The scaling debate, Bitcoin forks and potential disruptions. That said, due to the general confusion in the market about what people should do with their Bitcoin, requests by the community, and the chance that Bitcoin Cash will have some non-trivial value in future, we decided to make contingency plans preparing for bitcoin cashwealthdailycom our customers to allow for Bitcoin Cash withdrawals.
Werner was our former Head of Communications. His passions include payments, e-commerce, technology, marketing and design: Buy, store and learn about Bitcoin and Ethereum now. We are using cookies to provide statistics that help us give you the best experience of our site.
You can find out more by visiting our privacy policy. By continuing to use the site, you are agreeing to our use of cookies. BitX is now Luno. Price charts Bitcoin Price Ethereum Price. What you need to do If you intend to actively trade Bitcoin Cash for digital or local currencies in the days following the fork, we recommend that you withdraw your BTC to a Bitcoin Cash-compatible platform, before the fork occurs.
Frequently asked questions What is Bitcoin Cash? If there is a split, will I have an equal amount of Bitcoin and Bitcoin Cash? What is the reason for the fork? Has Luno changed its position on Bitcoin Cash?
The owners are unknown, and they're definitely not traveling everywhere to make public speaking engagements. Poloniex, the Trade Bot supports the following insurances: How Can I Sell Bitcoin. Litecoin also has almost zero payment cost and facilitates payments approximately four times faster than Bitcoin.