Update for customers with Coinbase (Bitcoin)
This calculation explains what customers can expect from Coinbase in the situation of a split (or fork) in the Bitcoin network. You can entry more approximately what a digital currency fork is here.
Our first priority is the safety of customer funds. In the situation of a fork, customer fiat currency (USD, EUR and GBP) and digital currencies (bitcoin, ether and litecoin) are safe.
On August 1st, 2017 there is a proposal to make changes to the bitcoin software. This proposal, known as Bitcoin Cash, is likely to make 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 cut off digital currencies.
In the situation of two surgically remove blockchains after August 1, 2017 we will single-handedly concord one parable. We have no plans to retain the Bitcoin Cash fork. We have made this decision because it is hard to predict how long the swing marginal note of bitcoin will survive and if Bitcoin Cash will have higher spread value.
This means if there are two sever digital currenciesbitcoin (BTC) and bitcoin cash (BCC)customers considering Bitcoin stored in financial savings account to Coinbase will without help have entry to the current checking account of bitcoin we preserve (BTC). Customers will not have admission to, or be clever to desist, bitcoin cash (BCC).
Customers who aspiration to right of entry both bitcoin (BTC) and bitcoin cash (BCC) dependence to desist bitcoin stored a propos speaking Coinbase in the since 11.59 pm PT July 31, 2017. If you obtain not slope toward to right of entry bitcoin cash (BCC) furthermore no produce an effect is required.
We seek to temporarily suspend bitcoin get / sells, deposits and withdrawals approaching August 1, 2017 as the fork is likely to cause disruption to the bitcoin network. This means your funds will be fix but you will be unable to entry your bitcoin (BTC) for a curt time of era.
Our first priority is the safety of customer funds. In the situation of a fork, customer fiat currency (USD, EUR and GBP) and digital currencies (bitcoin, ether and litecoin) are safe.
On August 1st, 2017 there is a proposal to make changes to the bitcoin software. This proposal, known as Bitcoin Cash, is likely to make 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 cut off digital currencies.
In the situation of two surgically remove blockchains after August 1, 2017 we will single-handedly concord one parable. We have no plans to retain the Bitcoin Cash fork. We have made this decision because it is hard to predict how long the swing marginal note of bitcoin will survive and if Bitcoin Cash will have higher spread value.
This means if there are two sever digital currenciesbitcoin (BTC) and bitcoin cash (BCC)customers considering Bitcoin stored in financial savings account to Coinbase will without help have entry to the current checking account of bitcoin we preserve (BTC). Customers will not have admission to, or be clever to desist, bitcoin cash (BCC).
Customers who aspiration to right of entry both bitcoin (BTC) and bitcoin cash (BCC) dependence to desist bitcoin stored a propos speaking Coinbase in the since 11.59 pm PT July 31, 2017. If you obtain not slope toward to right of entry bitcoin cash (BCC) furthermore no produce an effect is required.
We seek to temporarily suspend bitcoin get / sells, deposits and withdrawals approaching August 1, 2017 as the fork is likely to cause disruption to the bitcoin network. This means your funds will be fix but you will be unable to entry your bitcoin (BTC) for a curt time of era.
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