Coinfloor to list Bitcoin Cash (BCH) in addition to Bitcoin (XBT)

Further to our post from earlier this week, Coinfloor will now be listing Bitcoin Cash in addition to Bitcoin.



We have taken the decision to support Bitcoin Cash, due to the increasing demand from our clients to add support. As a reminder, Bitcoin Cash (BCH) is a new cryptocurrency that is similar to but not in consensus with Bitcoin (XBT).

Coinfloor will be doing the following:

We will continue to allow deposits, withdrawals, and trading of Bitcoin (XBT). However, from 4pm BST on Monday July 31st, we will temporarily move to making Bitcoin withdrawals from cold storage only. This means that Bitcoin withdrawals will happen 1 - 2 times each working day and Advance Withdrawals for small amounts will not be available.



We will enable deposits, withdrawals, and trading of Bitcoin Cash (BCH) as soon as practicable, after August 1st, 12:20 UTC. There may be periods of reduced service to our site as we update it with the additional Bitcoin Cash functionality and load each user’s account with their initial Bitcoin Cash balance.



After August 1st, 12:20 UTC, we will begin creating BCH balances for each of our clients who hold XBT with us and credit them with an amount equal to their XBT balance at August 1st, 12:20 UTC. It may take some time to complete this process so clients will be credited with their Bitcoin Cash from our earliest clients to our newest.



We will not be charging fees for setting up Bitcoin Cash balances for each user.



We will not be charging fees for BCH Deposits.



We will not be charging extra fees for BCH Withdrawals. There will be a nominal fixed fee, similar to what we charge for BTC withdrawals, to cover miner fees.



As with all Coinfloor trading, we will not be charging fees for BCH trading.



As with our 100% multi-signature cold Bitcoin storage policy, all our client’s Bitcoin Cash will be deposited directly into, stored in and withdrawn from 100% multi-signature cold storage.



Initially, our Advance Withdrawals service will not be available for BCH. Clients will need to wait for our daily cold storage withdrawals to receive BCH they wish to withdraw.



We may increase the number of confirmations required for a deposit of Bitcoin to be processed from 3 to 6 as a safety precaution.



Our aim is to minimise disruption to our clients. However, we may pause the processing of deposits and withdrawals or trading of Bitcoin and Bitcoin Cash temporarily, if we feel it is necessary.



Given the fluidity of the situation, we reserve the right to not proceed with all or part of the above plan if there is a significant change in events.







Please visit the site regularly for further updates.

Thank you

Coinfloor Team



