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Transfer Bitcoin - Advises Coinbase

Jul 28, 2017 Posted /  2997 Views

Transfer Bitcoin - Advises Coinbase

Transfer Bitcoin - Advises Coinbase


One of the top cryptocurrency exchange agencies, Coinbase, has advised its users to either transfer or encash their Bitcoin before August 1, 2017 amid the anticipated fork. In fact, there has been a work that company has issued notices to all their users to do the aforementioned. Though the fork is anticipated and uncertain, the company wants to take no risk at their end.


The Advise

The company has clearly mentioned to all its user that should the fork occur, it shall not support the BCC tokens generated during that time period, as the uncertainly attached with future of Bitcoin, for that part any cryptocurrency, is high at any given point in time.


What's for You?

In case you do not wish to withdraw your Bitcoin cash, certainly there is no action required from your side. On the other hand, if you wish to withdraw, either BTC or BCC, you must do it before the clock hits August 1, 2017.

To protect any fraud or untoward action, the company plans to suspend trading for a short period of time. This suspension can be anywhere starting from August 1, 2017 to until disruption to the Bitcoin network is complete.

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Tags: Bitcoin fork Coinbase bcc Coinbase btc btc and bcc

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