CEX.io is SegWit ready: Bitcoins on CEX.io are Safe for August 1st

CEX.IO has issued a statement regarding their approach for August 1st segwit event.  On August, 1st, a a BIP 148 UASF (a user activated soft fork) will be activated to trigger Segregated Witness, a solution aimed to solve one of the biggest issues of Bitcoin, namely, its scalability.

cex io segwit

What Does That Mean?

There are 2 outcomes of this release:

1) it will go smoothly
2) a chain split will happen

In case of a chain split, it is crucial that your Bitcoins are split correctly. Otherwise, you can lose funds.

Do You Know How to Split Your Coins?

CEX.IO has been actively preparing for the SegWit. If you do not know how to split the coins, then you are welcome to deposit your Bitcoins to your account on CEX.IO exchange, better 12 hours before August, 1st, 2017, 03:00:00 GMT+0300 (EEST). If the SegWit activation results in the chain split, then we will split your coins correctly, including the creation of new private keys and new wallets.

Limitations for Bitcoin Deposits and Withdrawals

We also inform you that we will disable Bitcoin deposits and withdrawals in 12 hours before August, 1st, 2017, 03:00:00 GMT+0300 (EEST). Deposits and withdrawals for Bitcoin will be enabled again after a certain fork is supported for sure.