BSV Deprecation

Consensus change to render BitGo BSV Wallets unable to receive funds

Bitcoin Satoshi’s Vision (BSV) Protocol Developers have scheduled the Genesis Hard Fork for February 4, 2020. This consensus rule change will make Pay-to-Script-Hash (P2SH) outputs invalid. Since BitGo’s BSV wallets use P2SH-based multi-signature addresses, the protocol change will render BitGo BSV wallets unable to receive funds.

What this means for BitGo Clients

Starting February 4, 2020:

Funds already held in P2SH unspent will remain spendable; you will be able to continue to send funds out of your wallet

You will NOT be able to receive funds for your BitGo BSV wallet. Transactions attempting to send funds to BitGo wallets will be invalid, including transactions from a BitGo wallet attempting to return change back to the same wallet

Client Action Required

Clients will need to take one of two actions before February 4:

Contact BitGo via sales@bitgo.com to convert your BSV holdings to Bitcoin Move BSV funds to an external wallet

If you continue holding BSV in your BitGo wallet after February 4th, you will only be able to sweep the wallet and most functionality will be disabled.