🚫⚠️🚫Bittrex Locking Bitcoin Deposits and Withdrawls!!!🚫⚠️🚫

in #bitcoin7 years ago (edited)


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Not much of a warning, but here it is!

If you trade on Bittrex, they are locking withdrawals and deposits, in fact, they may already be locked, we haven't tried yet. ~ One fork after another this month. Get ready its that time of the month for bitcoin!

Bittrex says
However, Bittrex will close deposits and withdrawals of Bitcoin (including 2nd layer protocol XCP/OMNI and associated assets) 4 hours prior to the BIP 91 activation block 477,120 anticipated to be at July 23, 12am PST (7am UTC). The wallet will remain closed until the majority hash power chain is clearly established.
Trading will remain active during this time. In the event of a chain split, Bittrex will take all reasonable steps to ensure that customer funds can be preserved on both chains.

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Here is Bittrex Support Article: https://support.bittrex.com/hc/en-us/articles/115000761392

What They Have To Say

Bitcoin Improvement Proposal 91 (BIP 91, also known as Miner Activated Soft Fork) recently locked in over 90 percent of all mining hash power, signaling majority support for this proposal. BIP 91's lock in effectively makes BIP 148 (User Activated Soft Fork scheduled for August 1) obsolete and nullifies the chances of the Bitcoin network forking through UASF.

At this time, with BIP 91 locked in, we are confident that the Bitcoin network will successfully activate and enforce BIP 91 blocks. Bittrex will be monitoring this situation closely. We do not anticipate any issues with BIP 91 activation. However, Bittrex will close deposits and withdrawals of Bitcoin (including 2nd layer protocol XCP/OMNI and associated assets) 4 hours prior to the BIP 91 activation block 477,120 anticipated to be at July 23, 12am PST (7am UTC). The wallet will remain closed until the majority hash power chain is clearly established. Trading will remain active during this time. In the event of a chain split, Bittrex will take all reasonable steps to ensure that customer funds can be preserved on both chains.

Arcane Conclusion

This is the best we can do we can keep everyone informed, We hope you find it helpful.
Thanks for following along our journey.

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TIjo @thearcanebear ~ Thank you for following along in our journey. We appreciate you!

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Resteemed thanks for sharing

Hi Lorenzo how are you doing?

I think they made the right decision. When I first read the title of this post I was like oh shit here comes the Mt Gox event! haha

Watch the ants panic when they wake up tomorrow.

Up voted, resteemed...wow! so soon!

hey, did the picture show up in for this blog?

At this moment I can deposit though?

I am not sure, I have not yet hear from them, I believe, it says you still can on their website, but all of a sudden the I showed up, we have yet to try and have yet to hear back from Bittrex

Helpful post

i preffer poloniex ,... in the withdraw bittrex ( 0.001) , Poloniex ( 0.0001)

Be careful with Poloniex, they make some random moves like shutting down Steem without telling people!

You still prefer Poloniex when they disable SBD/STEEM, Litecoin, and other transactions for DAYS? Or when they take days to process a withdrawal? I erased Poloniex from my dictionary.

great, haha way less choice haha

Thank you for the heads up, got the news just now when I finally decided to open my account (newbe) and start trading ... haha
I will however, watch your reports and check when everything is open again.

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