Nov 15, · On November 15th UTC the Bitcoin Cash (BCH) network will split into two chains: the Bitcoin Cash Node (BCH) chain and Bitcoin Cash ABC (BCH ABC) chain. natur-holzbausteine.de will be supporting the Bitcoin Cash Node (BCH) chain and reserves the right to not recognize the BCH ABC fork if there is insufficient adoption of the new chain. Nov 18, · Update as of November 18, Nexo has resumed BCH transactions following the November 15 Bitcoin Cash hard fork. We will now only support the dominant Bitcoin . Oct 23, · A Bitcoin Fork is a term describing a split in the Bitcoin network. A fork can result in the creation of new coins that can be claimed by existing Bitcoin owners. In this post I’ll explain in detail what Bitcoin forks are, what risks they entail and how to claim coins generated from forks safely.
November fork bitcoinBitcoin Cash Hard Fork on November What Kraken Clients Need to Know | Kraken Blog
BCH funding will be re-enabled after the outcome of the fork is clear and the network is safe. Do not send any BCH deposits while funding is halted. After the fork, BCH funding gateways will be re-enabled and will only support Bitcoin Cash Node transfers gateways will have replay protection.
Kraken will not credit coins from alternative chains sent to BCH deposit addresses after the fork. We will give the ABC network a period of time after the fork, entirely at our discretion, to meet this condition.
We will snapshot BCH balances at the time of the fork. See the section below on timing of the fork for the exact time at which we will snapshot BCH balances. If we support Bitcoin Cash ABC after the fork, we will enable funding only after it is safe to do so.
If we do support trading, we will announce the the BAB trading pairs at a later date. If you hold a BCH long spot position on margin across the fork, it will carry over and can be closed at any time in the usual way. If you hold a BCH short spot position on margin across the fork, it will carry over and can be closed at any time in the usual way. However, please note that you will also receive a BAB debit. The debit could result in a negative BAB balance in your account that must be corrected by either buying or depositing BAB.
Why the debit? The BCH margin used to open the short spot position must be settled in full to close the position, and post-fork this means that tokens from both chains must be settled. Any account with a negative BAB balance will be placed on withdrawal lock until the balance is corrected.
The exact time of the fork cannot be known in advance because it is based on the median time past of the last 11 blocks MTP Check our status page ahead of the fork for updates on when the fork will occur. We will use the timestamp of the last common block for our snapshot of BCH balances right before the fork.
See the section above for an explanation of MTP Traders using margin for open BCH spot positions are advised to be very cautious across the fork, by either reducing their position sizes or closing out positions entirely before the fork.
In addition to the provisions described above possible BAB credits and debits , traders using margin should plan for the possibility of extreme volatility and unfavorable forced liquidations surrounding the fork. As always, traders using margin are strongly encouraged to set stops.
Trading within the exchange and trading wallet will be halted. Swap, deposits and withdrawals between the exchange and the trading wallet will experience temporary delays. What if I am holding BCH? Do customers need to act? What happens if I don't take action? Your funds are safe, we will just be temporarily halting the active transferring and trading of them for a little while.
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