Topic: Support for Bitcoin Cash - Exchanges says NO (Read 1172 times)

The best thing to do is not to gamble. Withdraw from the exchanges, secure  bitcoins offline, sit back and see how it plays out. If there is a split, enjoy the show.

My web wallet service provider is saying that they can't say right now whether they will have support for bitcoin cash at this stage. They can only tell you what's going to happen after the actual fork has happened.

Essentially they're saying that your bitcoin cash is in our hands, whether you want it or not we'll decide for you, and if we decide to not support it then too bad, we get to pocket a percentage of your savings for free.

That's why i have withdrawn all my bitcoins until the fork has happened from that wallet. Bitcoin cash might not be useful but it's free money just like byteball airdrops - why not just take the extra minute  or so and transfer it into an electrum wallet and get an extra $300 per bitcoin you hold?

I wonder under which aspects those have been selected as "Top 3"

Top 3 Exchanges Confirming Support for Bitcoin Cash Trading.

With the Bitcoin Cash hard fork almost upon us, cryptocurrency exchanges find themselves in another awkward position. Even though we have gone through a similar struggle when Bitcoin Unlimited was announced, it now appears that multiple exchanges will support BCC trading. Regardless of how people feel about the Bitcoin Cash hard fork, the token is becoming real come August 1st.


1. ViaBTC

One exchange jumped the gun and already enabled BCC trading a few days ago. ViaBTC, best known for their Bitcoin mining pool, also run an exchange platform where Bitcoin Cash is actively traded right now. Initially, the company provided a BCC/CNY trading market, but they subsequently added a BCC/BTC market as well. When Bitcoin Cash was listed initially, its price briefly hit US$900.

2. OKEX

The OKCoin exchange team made an interesting announcement earlier today. The company will support the Bitcoin Cash hard fork (BCC). However, they will do so on the OKEX platform, rather than on the OKCoin exchange itself. Bitcoin Cash will introduce a radical hard fork to increase the overall Bitcoin block size, and it seems very likely that some miners will support this scaling proposal come August 1st.  As long as there is support for the BCC token, exchanges can officially list it as a trading market.

OKEX plans on listing two different trading markets for future versions of Bitcoin. One will be the BCC market, which relates to Bitcoin Cash. The company will also open a BCS trading market, which pertains to the BIP91 version of Bitcoin. No one can be certain which of these chains will become the main Bitcoin. Both tokens will be traded against Bitcoin until August 1st, after which time balances will be converted in the form of 1 BCS + 1 BCC equaling 1 BTC. BCS will eventually be renamed to BTC, assuming that it is the longer chain.

3. Livecoin

Although Livecoin is a smaller altcoin exchange, the company wants to show its support for Bitcoin Cash. In an official company post, Livecoin announced that they would support future Bitcoin forks. While the company mentioned there may be between two and four Bitcoin forks in the future, just two versions of Bitcoin will be created based on the current information. We will see Bitcoin as we know it and additionally the Bitcoin Cash token, known as BCC.

Considering that the BCC token does not exist right now, the company will do whatever they can to credit users’ account balances with Bitcoin fork tokens in the future. This also means they will support BCC come August 1st, though it remains to be seen if users’ balances will be credited on that date. Trading of new forks will be enabled as well, although no official dates have been announced at this time. It remains to be seen what type of trading markets we can expect.

My early prediction will be a massive pump orgy for BBC in the beginning and then a much bigger dump when these people have hooked enough people to fall for their pump show. So I expect a massive increase in the price of BBC in the beginning and people buying like crazy, because they might think that BCC will be the new Bitcoin, only to find out that it was all a fake pump show.

The exchanges will follow the crowd and the money, because they need the fees to sustain their business. ^smile^

They will still be locked for a period, so it will be impossible to dump them immediately. I don't believe Bittrex has released how long it will be until btc and btcc will be available for transfering/selling/buying.

I heard that Bittrex will be supporting both the real Bitcoin and the altcoin BitcoinCash so if I were you open your Bittrex account now. When BitcoinCash can be delivered to our wallets we should immediately sell them so a big dump can happen that can dramatically dampen its value. BCC is just another weather disturbance for the real Bitcoin.

I would like to cash out if local exchanges in my country listed BCC but it seems they won't do that.
Because it will cause massive dump from people who want easy profits or people who don't trust bitcoin cash, not want it influence bitcoin price. Overall, we do not have to worry about BCC and let it join into the market because in the end bitcoin will always be the best cryptocurrency, others are just altcoins.

Does not it some is still questioned whether this coins could last long, because basically it is free coin and pessimist it can survive for a long time.
Was much interesting things to wait in august 1.

Bitfinex and Bittrex both support Bitcoin Cash.

The problem is still the ticker as BCC is already in use by Bitconnect or something.

So Bitfinex suggested to call it BCH or BCASH.

My vote goes to BCASH ... I like the sound of it

I completely agree. Anyway, some of the most respectable exchangers like Bitstamp and Poloniex will not support it and that is the clear message for it. But some users hope they could earn some free money on it, that would be very interesting to see. Looking forward for August 1.

Bitsler also officially announced that they Will NOT support the hard fork of Bitcoin Cash (UAHF) and if anyone wants they should withdraw their coins by July 31.
https://bitcointalksearch.org/topic/m.20283007

Poloniex said 'maybe' so they might or might not support Bitcoin Cash. They haven't explicitly turned down BCC yet.

Poloniex doesn't support the Bitcoin Cash at least for an undefined time, they maybe will support the "BCC" or "BCH"

Update:
While an email from Kraken:

Just received an email from Circle which says that they may never support the new version.

I'm glad it looks like very few companies/organisations are supporting this shitcoin. It's getting the exact level of support it deserves ----> minimal.

With Bitcoin Cash will teorically be possible to buy cheap things without paying an unpropotionated fee. Who is spreading all bad propaganda against them?

Other users answered you, Ledger has announced too in their blog that Ledger's users will automatically have the option of check their BCC with their chrome app

Seems dumping BCC is the only use it has for anyone 

I'm really looking forward to seeing just how low the price will end up being a few days into August.

Kraken has a blog post here telling people that they will credit their users with an equal amount of Bitcoin Cash to their Bitcoin holdings.

They make "no promises" though, so it still seems like a dangerous game to be holding BTC in an exchange during the fork.
If a service like crypto-games.net can be neutral and make it easy for people to deal with their BCC, why can't most exchanges do the same?  Are they just crooks?  

They don't have to enable trading to give people access to their funds.

http://blog.kraken.com/post/1150/bitcoin-cash-and-a-critical-alert-for-bitcoin-margin-traders/