XAPO are now allowing people to withdraw their bitcoincash - page 2.

gentlemand

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Quote from: sunsilk on September 27, 2017, 04:38:37 PM

At least they didn't sell user's bch like localbitcoins, they're giving option to the users to sell or withdraw. i wonder why this isn't on cointelegraph or other bitcoin news sites.

It's a whole let better than Bitmex. Bitmex said either withdraw your bitcoins before the fork if you want bch or we'll keep whatever turns up. Now people are whining about this despite it being clearly stated.

HCP

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Quote from: alyssa85 on September 27, 2017, 05:15:57 AM

But they're setting a deadline of December 14th 2017. If you haven't withdrawn or sold by then, you lose your bitcoincash coins.

Quote from: RGBKey on September 27, 2017, 10:00:30 AM

It's a smart move from them. Most people won't see it and then they "forfeit" their right to those coins which XAPO then gets to sell.

That's not exactly true... they're simply going to convert them into BTC at the going rate and deposit to your account.

Quote from: https://support.xapo.com/about-bitcoin-cash

What will happen if I decide to keep my BCH? Will Xapo allow me to operate with Bitcoin Cash?
Xapo will not support BCH in any way after December 14th, 2017. Users will have until that date to decide if they want to sell or withdraw their BCH. If you do nothing with your BCH by that date, then Xapo will automatically sell any remaining BCH balances for BTC and credit the corresponding value in BTC to the customer's wallet.

What will happen if I don’t withdraw or sell my Bitcoin Cash by December 14th, 2017?
You will not lose your coins and Xapo will not keep unsold Bitcoin Cash for itself.

If we receive no further action from you before this date, your Bitcoin Cash balance will automatically be sold and the value will be added to your Bitcoin wallet.

Please note the amount received will reflect the market rate at the time the sale is executed.

TL;DR:
Sell or withdraw your BCH from Xapo before Dec 14, or they'll sell it on your behalf at "market rates" and put the BTC value into your wallet...

sunsilk

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Quote from: alyssa85 on September 27, 2017, 05:15:57 AM

See this blogpost:

https://blog.xapo.com/time-to-convert-your-bitcoin-cash-bch/

They're giving people two options a) withdraw the bitcoincash and b) sell the BCH for bitcoin.

But they're setting a deadline of December 14th 2017. If you haven't withdrawn or sold by then, you lose your bitcoincash coins.

Nice this is a good move for those people that stored a lot of bitcoins at their xapo cold storage account.

I want some more good news on them and that would be the reduction of their fees, that is a better news.

Quote from: lite on September 27, 2017, 01:01:14 PM

At least they didn't sell user's bch like localbitcoins, they're giving option to the users to sell or withdraw. i wonder why this isn't on cointelegraph or other bitcoin news sites.

Yeah it's good to know that they took care of the BCH's of their customers.

Quote from: crairezx20 on September 27, 2017, 01:12:59 PM

Well i think its not worth it to get my bitcoin cash there because i only have few bitcoins left i think around 0.005 so if i withdraw or exchange the bitcoin cash from xapo its not worth it..

Mine is even lower.

gentlemand

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Quote from: alyssa85 on September 27, 2017, 09:32:35 AM

I bet you anything most of their users don't see the blogpost though (they tend to just use the XAPO card and not go to the website much), and don't realise they have just 2 and a half months to get their BCH coins out.

It's been prominently displayed in the wallet section for quite sometime. You'd have to be pretty dim to miss it.

I got rid of mine there. Wish I'd gotten rid of the rest I have. The only news on the horizon is staggering increases in supply. Coin base will be the big one but xapo is over half a million on its own.

crairezx20

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I think those who lucky are those who holding a huge amount of bitcoin before the fork..
Well i think its not worth it to get my bitcoin cash there because i only have few bitcoins left i think around 0.005 so if i withdraw or exchange the bitcoin cash from xapo its not worth it..
But i think much better to holding them in bitcoin cash wallet maybe bitcoin cash can be burst increase in the future..

lite

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Quote from: alyssa85 on September 27, 2017, 05:15:57 AM

See this blogpost:

https://blog.xapo.com/time-to-convert-your-bitcoin-cash-bch/

They're giving people two options a) withdraw the bitcoincash and b) sell the BCH for bitcoin.

But they're setting a deadline of December 14th 2017. If you haven't withdrawn or sold by then, you lose your bitcoincash coins.

At least they didn't sell user's bch like localbitcoins, they're giving option to the users to sell or withdraw. i wonder why this isn't on cointelegraph or other bitcoin news sites.

alyssa85

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Quote from: RGBKey on September 27, 2017, 10:00:30 AM

Quote from: alyssa85 on September 27, 2017, 09:32:35 AM

Quote from: 13abyknight on September 27, 2017, 08:00:51 AM

It was time that they finally made a stance on Bitcoin Cash and the best part is that everyone who had coins can make a choice to instantly get some quick cash by selling the BCH or holding onto them. Took them long enough to push this move but I'm happy more exchanges are not turning out to eat the BCH they acquired during the hard fork.

I bet you anything most of their users don't see the blogpost though (they tend to just use the XAPO card and not go to the website much), and don't realise they have just 2 and a half months to get their BCH coins out.

It's a smart move from them. Most people won't see it and then they "forfeit" their right to those coins which XAPO then gets to sell.

I hope people on this forum at least see the news - though most don't bother to look in this particular sub-section. Oh well.

RGBKey

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Quote from: alyssa85 on September 27, 2017, 09:32:35 AM

Quote from: 13abyknight on September 27, 2017, 08:00:51 AM

It was time that they finally made a stance on Bitcoin Cash and the best part is that everyone who had coins can make a choice to instantly get some quick cash by selling the BCH or holding onto them. Took them long enough to push this move but I'm happy more exchanges are not turning out to eat the BCH they acquired during the hard fork.

I bet you anything most of their users don't see the blogpost though (they tend to just use the XAPO card and not go to the website much), and don't realise they have just 2 and a half months to get their BCH coins out.

It's a smart move from them. Most people won't see it and then they "forfeit" their right to those coins which XAPO then gets to sell.

alyssa85

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Quote from: 13abyknight on September 27, 2017, 08:00:51 AM

It was time that they finally made a stance on Bitcoin Cash and the best part is that everyone who had coins can make a choice to instantly get some quick cash by selling the BCH or holding onto them. Took them long enough to push this move but I'm happy more exchanges are not turning out to eat the BCH they acquired during the hard fork.

I bet you anything most of their users don't see the blogpost though (they tend to just use the XAPO card and not go to the website much), and don't realise they have just 2 and a half months to get their BCH coins out.

13abyknight

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Quote from: alyssa85 on September 27, 2017, 05:15:57 AM

See this blogpost:

https://blog.xapo.com/time-to-convert-your-bitcoin-cash-bch/

They're giving people two options a) withdraw the bitcoincash and b) sell the BCH for bitcoin.

But they're setting a deadline of December 14th 2017. If you haven't withdrawn or sold by then, you lose your bitcoincash coins.

It was time that they finally made a stance on Bitcoin Cash and the best part is that everyone who had coins can make a choice to instantly get some quick cash by selling the BCH or holding onto them. Took them long enough to push this move but I'm happy more exchanges are not turning out to eat the BCH they acquired during the hard fork.

alyssa85

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See this blogpost:

https://blog.xapo.com/time-to-convert-your-bitcoin-cash-bch/

They're giving people two options a) withdraw the bitcoincash and b) sell the BCH for bitcoin.

But they're setting a deadline of December 14th 2017. If you haven't withdrawn or sold by then, you lose your bitcoincash coins.

Topic: XAPO are now allowing people to withdraw their bitcoincash - page 2. (Read 795 times)