Topic: [2017-08-03] Coinbase Planning to Allow Bitcoin Cash Withdrawals in January 2018 (Read 5956 times)
August 05, 2017, 09:44:32 PM
Every day is an adventure in the cryptocurrency world, let alone 5 months with a new cryptocurrency. I'm assuming it requires a fair amount of effort to support, then trade a new cryptocurrency. Coinbase brought Litecoin on board for trading well after it became a 'popular' cryptocurrency in the vicinity of Bitcoin and Ethereum.
August 05, 2017, 10:52:59 AM
Well this is not support or against, rather Coinbase has played great tactic by not allowing users to claim both coins. In this way, it was ready to earn big from holdings of its 7.5millions user base. But soon after Aug 1, Coinbase users have decode its tactic. Now Coinbase is forced to give up and credit users with BCC. but yet enough Coinbase very cleverly extended the date of claiming as to safe itself from any loss arising of upcoming contingencies.
August 05, 2017, 07:30:55 AM
This will definitely anger its customers but are these delaying these withdraws tactics some sort of punishment to them after it advised everyone to withdraw the bitcoins if the wished to have their coins split.
And some other article i read suggests Coinbase could be facing legal trouble for not allowing the withdraw of BCH
READ MORE---> https://www.cryptocoinsnews.com/will-coinbase-face-ruinous-legal-trouble-for-disallowing-bitcoin-cash-withdrawals/
And some other article i read suggests Coinbase could be facing legal trouble for not allowing the withdraw of BCH
READ MORE---> https://www.cryptocoinsnews.com/will-coinbase-face-ruinous-legal-trouble-for-disallowing-bitcoin-cash-withdrawals/
August 05, 2017, 07:01:26 AM
This is ridiculous. Jan 2008 is still 5 months away. This guy thinks that the users are just retards. He is going to get sued multiple times. Just wait and watch. If the other exchanges can add BCH in a matter of hours, I don't understand why Coinbase needs 5 months to do it.
August 05, 2017, 06:30:13 AM
They probably think BCH will be worthless by January 2018 and customers will lose interest in withdrawing them. I would still blame users who left their coins on Coinbase, fully knowing the risks involved.
August 05, 2017, 04:10:50 AM
I really do not understand the people that were complaining about Coinbase not allowing them to withdraw Bitcoin Cash from their addresses. Anyone using Coinbase should know that the private keys are kept by them and you have no access to them, since what they hold does not accurately represent the amount of Bitcoin held by any one account holder. It therefore follows that Bitcoin Cash would require an addition to their current system for a chain that may not even have mattered. Furthermore, they gave a warning about this significantly before the split happened. Those who did not withdraw would have deserved getting left behind.
I would go as far as saying whatever you may think of Coinbase, they handled this very well. Even if they only guarantee that it will be ready by 2018, they are still planning to do something which they had originally completely discarded and chosen not to follow. This is all coming from someone who does not use Coinbase anymore. We can't always blame the company for our own mistakes.
I would go as far as saying whatever you may think of Coinbase, they handled this very well. Even if they only guarantee that it will be ready by 2018, they are still planning to do something which they had originally completely discarded and chosen not to follow. This is all coming from someone who does not use Coinbase anymore. We can't always blame the company for our own mistakes.
August 04, 2017, 09:01:15 AM
Bitcoin exchange Coinbase has reversed its decision to support bitcoin cash. The company now plans to allow customers to withdraw their new cryptocurrency by January 1, 2018.
Coinbase on Thursday announced a change of plans regarding its support for bitcoin cash (BCC, BCH), the new cryptocurrency resulting from the August 1 hard fork. The exchange wrote:
"We are planning to have support for bitcoin cash by January 1, 2018, assuming no additional risks emerge during that time. Once supported, customers will be able to withdraw bitcoin cash."
Continue reading
https://news.bitcoin.com/coinbase-bitcoin-cash-withdrawals-january-2018/
They were already being criticized a lot that they are robbing people of their BCC and earning profit themselves. But Jan 2018? What took other exchanges 4-5 days will take them 5 months. Till then BCC price would drop to nothing and everyone would most probably forget about it. Let's see how BTC holders on Coinbase react to this. Coinbase on Thursday announced a change of plans regarding its support for bitcoin cash (BCC, BCH), the new cryptocurrency resulting from the August 1 hard fork. The exchange wrote:
"We are planning to have support for bitcoin cash by January 1, 2018, assuming no additional risks emerge during that time. Once supported, customers will be able to withdraw bitcoin cash."
Continue reading
https://news.bitcoin.com/coinbase-bitcoin-cash-withdrawals-january-2018/
August 04, 2017, 07:33:09 AM
The class suit could die down, but why the hell is that it will take them to support it in 2018? By that time BCH price could be very well go down to the ceiling. The price has started to plummet now and I can't imagine what will be the price in 2018.
People seriously have no right to complain. If they wanted to avoid any inconveniences in the runup to the 1st of August, and now BCC, they should have withdrawn their funds back to the wallets they fully control. Any person that complains about this, is nothing more than a sore loser. It has been stated plenty of times already; if you aren't the sole owner of your private keys, you don't actually own any coins. In other words, if you grant an entity access to your funds, and especially when you deposit these funds into their centralized platform, you are subject to their rules/laws. In the end, it's not that people lose anything, but due to the greed of people, they experience it as if they are losing money.
August 04, 2017, 03:30:33 AM
Well at least they are making a headway because coinbase users are going to sue them for not claiming their equivalent BCH. Coinbase I think want to be on the safe side and don't want to take the risk on BCH. Specially the volumes during and cashing out on Aug 1, maybe they think that their servers will be hammered very hard, resulting to a lot of customers complaining again. The class suit could die down, but why the hell is that it will take them to support it in 2018? By that time BCH price could be very well go down to the ceiling. The price has started to plummet now and I can't imagine what will be the price in 2018.
August 04, 2017, 12:08:20 AM
Bitcoin exchange Coinbase has reversed its decision to support bitcoin cash. The company now plans to allow customers to withdraw their new cryptocurrency by January 1, 2018.
Coinbase on Thursday announced a change of plans regarding its support for bitcoin cash (BCC, BCH), the new cryptocurrency resulting from the August 1 hard fork. The exchange wrote:
"We are planning to have support for bitcoin cash by January 1, 2018, assuming no additional risks emerge during that time. Once supported, customers will be able to withdraw bitcoin cash."
Continue reading
https://news.bitcoin.com/coinbase-bitcoin-cash-withdrawals-january-2018/
Coinbase on Thursday announced a change of plans regarding its support for bitcoin cash (BCC, BCH), the new cryptocurrency resulting from the August 1 hard fork. The exchange wrote:
"We are planning to have support for bitcoin cash by January 1, 2018, assuming no additional risks emerge during that time. Once supported, customers will be able to withdraw bitcoin cash."
Continue reading
https://news.bitcoin.com/coinbase-bitcoin-cash-withdrawals-january-2018/
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