Fork Watch: These Bitcoin Exchanges Will Not Support ‘Bitcoin Cash’

As the possibility of an August 1 user-activated hard fork (UAHF) approaches, a few well-known bitcoin exchanges have issued statements to customers that they will not support the ‘Bitcoin Cash’ (BCC) protocol and its associated token.

Also read: How Exchanges Plan to Deal With a Possible August 1 Fork

The First Exchange to Announce the Platform Will Not Support Bitcoin Cash

Several Bitcoin Exchanges Will Not Support 'Bitcoin Cash'Over the past few weeks, Bitcoin.com has kept our readers informed of the possibility of an upcoming hard fork at the end of the month. It seems that the user-activated hard fork that was initially supposed to just be a contingency plan against the user-activated soft fork (UASF) still might happen. This means Bitcoin Cash supporters will try to veer off from the main chain and operate on their own terms of consensus. Over the past few weeks, many bitcoin trading platforms have revealed their plans to deal with this particular hard fork as some of them will list the BCC token. However, there are a bunch of other well-known exchanges that will not support the BCC branch.

The first bitcoin trading platforms to announce they will not support the BCC hard fork were GDAX and Coinbase. The GDAX exchange is a subset of the Coinbase company, and the August 1 UAHF plans are the same.

“The current User Activated Hard Fork (UAHF), including Bitcoin ABC, is a proposal to alter the Bitcoin protocol by creating a new version of the Bitcoin software, which will operate on its own, separate blockchain,” explains Coinbase and GDAX. “We do not plan to offer support for the UAHF chain at this time — You will not be able to withdraw the UAHF version of any Bitcoin from Coinbase.”

The UAHF is incompatible with the current Bitcoin protocol and will create a separate blockchain — Should the UAHF activate on August 1, Coinbase will not support the new blockchain or its associated coin. Any BTC within customers’ accounts will remain accessible over the main blockchain only, and will not be converted into BTC on the UAHF chain.

Poloniex Leaves the Decision Up in the Air

On July 24 the large cryptocurrency exchange Poloniex revealed its plans to handle the “potential bitcoin network disruption.” The exchange will be halting withdrawals and deposits but will allow trading to continue on August 1. As far as the hard fork is concerned and listing the BCC token on Poloniex, the firm says at this time they “cannot commit to supporting any specific blockchain that may emerge if there is a blockchain split.” From Poloniex’s announcement, it seems the trading platform is leaving it up in the air for now.    

“Even if two viable blockchains emerge, we may or may not support both and will make such a decision only after we are satisfied that we can safely support either blockchain in an enterprise environment,” explains the U.S. based exchange Poloniex.

A Few Bitcoin Exchanges Tell Customers They Will Not Support 'Bitcoin Cash'
The Chinese exchange Viabtc will support BCC and is currently offering futures trading on the token. At press time one BCC is worth 2800 CNY or $415 USD on July 27, 2017.

 Itbit Will Not Support the UAHF Outcome

The institutional bitcoin trading platform Itbit has also detailed that it will not support Bitcoin Cash or a UAHF derivative token. From August 1 at 00:01 UTC to August 2 00:01 the exchange will not process fiat and bitcoin withdrawals alongside suspending BTC deposits. According to Itbit the UAHF proposal could effectively create a new coin on August 1, 2017, and the company will not support the outcome.

“Itbit will not support the trading of Bitcoin Cash — If customers want to access Bitcoin Cash immediately following the fork, they should withdraw their Bitcoin to an external wallet address on or before July 31, according to standard cutoffs,” Itbit details.  

If customers leave Bitcoin on Itbit, their Bitcoin Cash will not be immediately available for withdrawal. However, customers will continue to be able to withdraw and trade Bitcoin.

Bitmex and Exodus Choose to Decline BCC Listing

The cryptocurrency exchange Bitmex is also joining the exchanges that will not support the BCC blockchain. Bitmex says the change is “incompatible” with the current Bitcoin ruleset and the trading platform may be unable to protect the new BCC tokens on behalf of clients.

“As such, Bitmex will not support the split or distribution of Bitcoin Cash, nor will Bitmex be liable for any Bitcoin Cash sent to Bitmex,” the company’s blog explains. “Therefore, it is up to our users to withdraw from Bitmex prior to August 1st if they wish to access Bitcoin Cash tokens or any other hardfork.”

A Few Bitcoin Exchanges Tell Customers They Will Not Support 'Bitcoin Cash'
Read some of our previous articles on the possibility of a blockchain split here and here.

The wallet and built-in exchange platform Exodus says they will not embrace the BCC token either. However, Exodus users will be able to import their keys into a BCC compatible client and retrieve their hard fork holdings after the split. The company highly recommends not using bitcoin during the fork and tells customers they should patiently wait for the protocol change to end. Similarly, the bitcoin wallet provider BTC.com will also provide a tool for those who wish to extract their Bitcoin Cash from the BTC.com wallet.  

Bitstamp Says BCC is an ‘Altcoin’ and Will Not Support the Protocol

The European Union-based bitcoin exchange Bitstamp has taken the opportunity on July 27 to inform customers what it plans to do during a potential hard fork. As of now Bitstamp will not honor the BCC side of the fork and considers the token an “altcoin.”

“In the event of a User Activated Hard Fork (UAHF) on 1 August or thereafter, it is important to clarify that Bitstamp would not be in a position to support Bitcoin Cash (BCC), the coin associated with the Bitcoin Cash proposal,” explains the company’s blog post.

In Bitstamp’s view, BCC is an altcoin and the decision to list BCC tokens remains at our sole discretion at all times.      

There are also a bunch of exchanges like Okcoin, Huobi, Livecoin, BTCC, Bithumb, Viabtc, and others that have announced they will support the Bitcoin Cash blockchain and list the BCC token. It’s also worth noting the Bitcoin Cash token may have a problem with its abbreviated ‘BCC’ ticker as it is already used by a cryptocurrency called Bitconnectcoin.

A Few Bitcoin Exchanges Tell Customers They Will Not Support 'Bitcoin Cash'

Meanwhile, many BCC advocates are disappointed with these other trading platforms choosing not to list the UAHF token. Some skeptics have even asked what these exchanges plan to do with the bitcoin left on platforms and whether or not the company will reap the benefit of this potential split. Whatever the case may be these trading platforms will not support the BCC protocol, and those who wish to obtain the token should remove their funds from these specific exchanges.

What do you think about the exchanges that are choosing not to list BCC? Do you think they have given customers enough notice? Let us know what you think in the comments below.


Images via Shutterstock, Bitcoin Cash, Coinmarketcap.com, and the Viabtc exchange.


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  • Liberty88

    Moved all of my crypto into Litecoin (Off- Exchange) – not taking a chance.

  • Gary R

    Moving mine off of exchange also.

  • Bessy John

    No exchanges should support Bitcoin ABC. Let it die alone and let’s move forward with Segwit2x.

    • Andre

      Bitcoin ABC is a wallet. Why would any exchange support a wallet?

  • Alano

    Hey Jamie,
    Thanks for that article, I hope you’ll update it and republish every day for a few days. PS what’s Bitfinex say?

    • Bradley

      Bitfinex is supporting with BCH as ticker.

  • Pangur Bán

    Most of these are small exchanges and trade against fiat. Poloniex is up in the air, but I think it would be hypocritical for them not to list since they had no problem listing ETC after that hard fork. Bitmex also has no problem with trading ETC futures. GDAX only trades three coins against fiat and each other. Adding many coins does not seem to be in their business model.
    Bittrex will be supporting Bitcoin Cash as well as Bithumb. Kraken has not said officially, but has signaled thatthey will probably do what they did when Ethereum forked, which as to credit everyone’s account who held ETH.
    Looks like I’ll be pulling my trading funds out of Poloniex and send them over to Bittrex if Poloniex doesn’t make a statement soon.

  • I am the only one who think these are exciting days?

    • Aspergillus

      No you’re not 😉

    • Henry Gale

      You’re not alone, sir!

  • Ronaldo Bini Jr.

    Yes, August 1st will be a good day do buy cheap bitcoins and I think the exchanges have to give opportunity to us to buy and sell whatever we want, including the BCC

  • Well, well… the exchanges do see Bcash UASF as a new coin. I thought, so. So, I guess the question for developers is; Why not just start your new coin off on its own with a fresh start? It wouldn’t be for the current 2xGold evaluation you wish to coattail? Nor, the high-flying reputation of the current chain? Nor, would it be the the fact of the time and hardware investment it would take to become Bitcoin-like? Nor, would it be that the proposed changes are not gaining overall consensus? If the ideas are so wonderful, take the risk and fly on your own with a better coin offering. But, that is not what we hear or see happening. Coattail-ing the current Bitcoin and causing dismay and distrust in the current coin is the current affect sought. But, look…the evaluation is still holding high marks. Tell us the transaction delay is too long, the transaction costs are too high, but look, the evaluation still holds. Make a new coin without coattail-ing the current chain. I really want to see if the changes are all that devs say they are without the advantages of the current high flying Bitcoin in their way. I think some of the largest exchanges are saying just that and I am certain they probably said it before and I am sure they will take the safe route and wait for this fit to run its course and pick up with normal business after the disruption caused is over. And, I am sure devs will be back with another attempt to split Bitcoin in two. How many split attempts is that now? I know the market will reward resiliency and stability, it’s only human not specifically logical. Did you hear that, Devs? Humans are not logical and vote on individual basis concerning their self and weighing collective interests. This was expected and most of which has been ignored on both sides, the bigger problem. If Devs knew how to influence and affect change to humans, Devs could select to gain consensus with Humans by performing and provide proof of performance along side a regarded and proved comparison. The same sentence can be said by substituting Humans with Markets. This would be logical since Markets are full of Humans. The exchanges have to protect their interests, which is their customers, investors and the consumer and investor laws where they reside. How many more times will this ancient lesson be tried? Devs are humans; many, many more times. Bitcoin is great and attractive for as long as it performs. So, I guess if Bitcoin was destroyed without proposed changes then the Devs could say, “I told you so”. Not, logical. Unless…with changes, the new fork succeeds?? I love Boolean and Aristotle. So, I propose; give a new coin as choice. Humans will still see two coins and profit is possible from both. I suggest when influencing that you leave your hands in your pockets and open the ears. You gain much more than information and understanding. Digging in the tool box and waving around a monkey wrench and explaining what the wrench does not encourage or influence change. It encourages FUD and eventually division.

    • vodach(BG)

      Bitfinex is adopting Bcash as BCC thicker

  • Julia Buchholz

    I think its great that they don’t support bcc. They are standing up against this altcoin and all the confusion out their. BCC is not safe enough and again the team behind did not do their homework properly by choosing this ticker code, which was already taken. So, why would u choose BCC which has bugs and an unreliable dev team instead of BTC? The listed exchanges are protecting us from this disaster, and they know why.

  • BalrogZA

    BCC is a complete shitcoin and will die off. Like it should.

  • Papascrubs

    Even if i pull my Bitcoin off coinbase, I have a purchase coming in on Aug 1st……. hmmmm

    • Bongo McBongo

      so what.

      • Papascrubs

        Problem averted it came in a day early…… so nothing now. I can sell my BCH for 500 and call it a night.

  • Blackestsheep

    I’ll do half btc and half bcc (I’ve seen some calling it bch). Will Litecoin’s value go up after this?
    Let the transactions begin!

    • Bongo McBongo

      LTC will lull you to sleep waiting for it do do anything.

  • joelhfx

    This fork is so suicidal.

    • Honorable Optimist

      I am worried.

  • Carlos Vazquez

    What’s the best Android or Windows 10 wallet to get?

  • Daisy

    Is bitcoin cash going to be more like dogecoin with no limit, and no value?

  • I shifted my bitcoin and altcoin into ledger wallet. Sound safe till the day 1st Aug.
    Remain calm, wait and see the progress.

  • X90

    BCH “bcash” is a scam. They are just trying to hijack Original
    Bitcoins from stupid people. They will exchange the Bitcoin for bitcoin
    cash and then instantly change it back to Original Bitcoin and cash out
    while the new coin crashes. It is just another ALT. Coin that is trying
    to sound legit by riding the coattails of the Original Bitcoin.

    • Bongo McBongo

      nonsense

  • Aspergillus

    All coins saved waiting to join the winning team.

  • X90

    BCH is a scam. The guys that developed it already had a ton of Bitcoin. So
    they created BCH so they could double it. Basically issuing themselves
    hundreds of millions of dollars worth of it and when it went live they
    sold it through the exchanges that they set up deals with and cashed
    out.

    That is the whole reason they created it, so they could double their own Bitcoin holdings.

    They probably even kicked back some money to the exchange owners for helping them sell it off.

    So
    they get hundreds of millions of dollars free and most likely rolled it
    all back into original Bitcoin. Hence the huge spike in Bitcoin.

    Bitcoin Cash, BCH was a scam from the beginning. But absolutely genius.

  • X90

    Do NOT give this guy your account information or passwords.