Poloniex Bitcoin Cash Update–Free bitcoin cash to Poloniex Bitcoin holders

poloniex bitcoin cash

Poloniex has been in the news for all the wrong reasons – disabling litecoin wallets, Zcash wallets, Bytecoin wallets; not participating in free Stellar Lumens campaign and even updating their terms on the hard fork day. Today, they have announced that they will be crediting all users who had their bitcoin in their account balance at the time of the fork with matching BCH. This will be done on August 14th 2017 or before.

Interestingly, just like coinbase bitcoin cash statement, trading of BCH is no where mentioned so all you will be able to do is withdraw bitcoin cash.

Poloniex initially showed their hesitation to immediately support BCH or any other Bitcoin (BTC) derivative was and is born out of the desire to ensure the security of network operations and the safety of our users’ tokens.

Keep in mind that the bitcoin cash will be given to only those who had bitcoin at the time fork. So if you bought altcoins; bought USDT or transferred it to some other exchange or bitcoin wallet, you won’t be credited with bitcoin cash. It is said that the company did not make it clear at the time of hard fork.

   

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