Just got an email from Xapo:
Hi xxx,
As we informed you in previous communications, we are approaching the December 14th deadline in which you’ll need to convert your Bitcoin Cash (BCH) balance that was generated during the August 1st fork to BTC.
Our Terms of Use clearly state that the only digital currency supported by Xapo is Bitcoin (BTC). If you want to store, transfer and/or use any cryptocurrency other than Bitcoin, you cannot do so through the Xapo Services. If, as a consequence of a “fork” (as such term is commonly known in the bitcoin industry), Bitcoin holders are granted with equivalent or proportional amount of the new digital currency or values that are not Bitcoin, Xapo shall not have any obligation, whatsoever, in connection to such new digital currency or value. Providing, however, that Xapo may grant you, at its sole discretion, a reasonable term to withdraw such digital currency or value to a third party. If you don’t withdraw the total balance of the digital currency or value within such term, Xapo reserves the right to automatically convert the total balance of such cryptocurrency into bitcoin and credit it to your Xapo Wallet.
That being said, you should know that converting your BCH to BTC is easy! Visit our FAQ section to find a step-by-step guide for how to convert your BCH.
If you want to keep your BCH, you cannot do so within Xapo, but you’ll be able to withdraw the total balance and send it to a valid external BCH address before December 14th.
Keep in mind that unless you take action by December 14th, as outlined in our Terms of Use, you’ll be allowing Xapo to automatically convert your BCH to BTC. In that case, you will see the corresponding BTC balance credited to your Xapo Main Wallet.
If you want to keep your BCH you will not be able to do so within Xapo and you will have to withdraw the total balance and send it to a valid external BCH address before December 14th.
For questions or inquiries please contact us - we will be more than happy to assist you!
Best regards,
Xapo Team
Rekt.
