THE MAIN BUREAUX DE CHANGE ARE EXPRESSED IN BITCOIN CASH AND ON AUGUST 1

in #bitcoin7 years ago

The closer you get to 1 August, the more you will react to the activation of SegWit in Bitcoin and the UAHF triggered by the ViaBTC initiative and its Bitcoin Cash (BCC). One word of weight in this situation are the exchange houses, which one by one have been exposing their position on the emerging BCC and the methods they plan to use in response to the imminent Bitcoin bifurcation. Below we present the most relevant aspects of the reactions of the main exchange houses with respect to BCC:

IN FAVOR OF BCC

Houses such as Bitfinex, Kraken, Bittrex, OKCoin, HitBTC, Bithumb, Livecoin, Allcoin and of course ViaBTC have proved their support for the use of Bitcoin Cash after the bifurcation. All have stated that after August 1 they will credit their users who had BTC accounts before the fork, with an equivalent amount of BCC.

Some such as Bitfinex and Bittrex leave the door open to allow BCC operations in the future, after analyzing this option after August 1. Those who are sure of this are the HitBTC and Kraken houses, which will allow BCC operations right after the UAHF. They also agree to discontinue operations with BTC during the conduct of this event, promising to re-activate them as soon as they consider it safe for their users.

When entering into details, Bitfinex mentions that it will use a bifurcation response policy different from the one traditionally proposed due to the peculiarities that characterize this fact. The distribution of Bitcoin Cash (which will be called BCH to avoid confusion with the Bitcoin Core token that already exists on its platform) will be done under a scheme based on the margins of purchase / sale of each customer that owns BTC and its position as lender. On the other hand HitBTC, in its operations already available with Bitcoin Cash, will call it BCCF, equivalent to Bitcoin Cash Future, and will become BCC after August 1st.

VOTES AGAINST BCC
As some exchange houses have shown support for the use of BCC, or at least for the accreditation of this currency to its customers with BTC accounts, other houses such as Bitstamp, Coinbase, and Latin America Bitso, SurBTC and Volabit have clearly expressed Which they do not intend to trade with this currency.

The five platforms have advised their clients that if they are interested in obtaining funds in BCC for their BTC accounts, remove their bitcoins and move these accounts to other exchange offices that allow it. They argue, for the most part, that the decision not to support the use of BCC at this time is due to the fact that they consider it no more than another altcoin, so that if added to its operations book, it must be studied In depth As with any other alternative cryptonnet.

Like exchange offices in favor of BCC, they will suspend deposits and withdrawals at BTC during July 31 and reinstate them after August 1, after considering that the network is safe again. They also share the security assurance of accounts that maintain their bitcoin balance on these platforms.

THE ROW OF INDECISOS

In the middle of both positions expressed by the exchange houses already mentioned, we have some of renown that have not expressed a definite position before the appearance of Bitcoin Cash. Among them we have Poloniex, C-Cex and Yobit. The only thing they have said about Bitcoin and August 1 is that they plan to suspend deposits and withdrawals from BTC.

In the case of Poloniex, the platform clarified that other currencies related to BTC will also be included in this suspension. Your services and operations with these coins will return whenever you feel it is safe for your customers. This same house of change closes its announcement recommending to the users of criptomonedas that in case of not entrusting to a third party the decision to support or not the result of what happens with BTC, simply withdraw its funds from that site.

As you can see, there are all sorts of opinions as to the subject that now keeps the community members of the block chain around the world on the edge of the chair. It is already for each BTC resident by which the bureau of change will continue to make its BTC or even BCC operations.

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