Who support Bitcoin Cash (the complete list)

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On Tuesday, August 1st at 4 AM (UTC), what many are describing as an altcoin will fork off from the main Bitcoin network. August 1st is also the scheduled activation of BIP 148, also known as the User Activated Soft Fork (UASF).

The new, forking coin, Bitcoin Cash, will launch as a so-called User Activated Hard Fork (UAHF) – in reality; a Miner Activated Hard Fork. All Bitcoin (BTC) holders will receive an amount in Bitcoin cash equivalent their Bitcoin holdings.

Note: If you find yourself confused by all this “fork talk,” check out this article on the subject or Andreas Antonopolous’ excellent “Forkology” presentation).

A Brief Guide to Bitcoin Cash

Major Chinese ASIC manufacturer and mining pool operator, Bitmain, planned and coded a response to the possibility of a UASF-induced fork. This code, originally termed Bitcoin ABC and now known as Bitcoin Cash (ticker symbol BCC or BCH), will fork to a version of Bitcoin without SegWit but with an 8x larger blocksize.

Currently, Bitcoin Cash is estimated to have the support of just 0.26% of total Bitcoin mining hashrate and its price on the ViaBTC futures market is approximately 12% of Bitcoin’s. How these figures will develop after the fork occurs is a highly speculative matter.

ViaBTC BCH

Daily chart of Bitcoin Cash futures price on ViaBTC; currently the only available market. The present exchange rate of CNY to USD is 0.14.

The consensus appears to be that Bitcoin Cash will fail to gain meaningful traction. Without massive financial support, BCH will likely trade in a 3 (or even 2) digit range shortly after launch, as Bitcoin holders will sell it in masses for Bitcoin or fiat.

How Exchanges will Manage the Bitcoin Cash Fork

If your bitcoins are safely held in your personal Bitcoin wallet, your BTC balance will be credited and matched on the BCH chain. Splitting the coins then becomes your responsibility, should you wish to trade one side or the other.

Make sure to do your research thoroughly before attempting to split your coins; it’s a fairly complex and technical process. After the fork occurs, monitor the Bitcoin Cash price so judge the potential gain against the possible risk, plus the time and effort required.

Warning: Beware of services offering to split your coins for you! Unless verified as part of a trusted exchange, wallet or similar Bitcoin company, such offers could well be coin-stealing scams!

If your bitcoins are stored on an exchange (which is not recommended for security reasons), the relevant custodian will decide the fate of your BCH. In several cases, you won’t receive any BCH.

The following table lays out the stated positions of Bitcoin exchanges and wallets regarding this matter:

How Wallets will Manage the Bitcoin Cash Fork

Provided your bitcoins are safely held in a personal wallet, you can’t lose your cashcoins. However, there is a slight possibility that malicious miners might steal your cashcoins when you make bitcoin transactions. To avoid this risk, you may wish to split the coins into specific Bitcoin and Bitcoin Cash wallets.

Certain wallets will or have released specific updates, services and tutorials for splitting your coins. If your wallet does not support such a feature, you may consider temporarily or permanently moving your coins to a supporting wallet. As always, exercise great care when moving significant values.

As Bitcoin Cash wallets require access to your Bitcoin wallet’s private key and password in order to claim cashcoins, you should exercise extreme caution when downloading any Cash wallet. It would be far safer to move your bitcoins to a new wallet with a new privkey and password after the fork occurs. Only once your bitcoins are in a new wallet should you enter your privkey / password into any Bitcoin Cash wallet. This avoids the risk of privkey / password leaks via potential malware.

Bitcoin Core (aka Bitcoin QT)

Warning: installing Cash on the same machine as Core is dangerous. Using default installation options, Cash will overwrite and corrupt Bitcoin Core data – potentially wiping your real bitcoin balance! Learn about the Bitcoin data directory and back it up – especially of your wallet.dat file! – before installing Cash.

Bitcoin Core will not support Bitcoin Cash in any way.

Electrum

While the latest version of Electrum, 2.9, is capable of distinguishing between competing chains, Electrum does not officially support Bitcoin Cash. Indeed, they consider the “Electrum Cash” fork of their software to be a trademark infringement.

Exodus

The combined wallet and exchange service, Exodus, will not support Bitcoin Cash, either through splitting or providing a market.

Trezor

The popular Trezor hardware wallet will support Bitcoin Cash. Trezor’s web interface will feature a tool for safely splitting your coins. Consult Trezor’s official statement for further information

Ledger

The popular Ledger hardware wallet will also support Bitcoin Cash. Their Chrome wallet interface will also feature a split utility and a selector for both chains. Consult their official statement for details.

Jaxx

Since Jaxx users are always in control of their private keys, corresponding Bitcoin Cash (BCH) will be safe in your Jaxx wallet. However, please know that you will not be able to access/send/receive your Bitcoin Cash (BCH) until the integration takes place.

Blockchain.info

If you have a Blockchain wallet, it is essential that you retain your wallet and corresponding recovery phrase and not delete them, even if you empty the BTC balance. Also if you are considering withdrawing funds from exchanges that will not support BCC, it is safe to withdraw to your Blockchain wallet.

In the event of two separate blockchains after August 1, 2017 Blockchain.info will support the longest chain. As of today, Blockahin.info has no immediate plans to fully support the Bitcoin Cash fork within our main product. But, if BCC develops into an actual chain and market, you will be able to use your recovery phrase to export your funds and use them on that chain, regardless of whether or not Blockchain chooses to support it.

Keepkey

KeepKey plans to support all forks of bitcoin as unique currencies and will allow you to swap between them with ShapeShift.

Copay

Copay has no immediate plans to support BCC. Since these apps are true bitcoin wallets, users hold the private keys and have full, exclusive access to their funds. While users will not be able to observe a BCC balance or create BCC transactions at this time, it is possible to access BCC at a later date with additional software.

BTC.com

If the fork is successful you will automatically have the equivalent amount of BCC as the amount of BTC stored in your BTC.com wallet.

When in doubt visit BitcoinCash.org to see if your exchange or wallet is supported.

Have additional info to share? Feel free to leave it in the comment section below.

Steven Hay

I'm a former futures trader. My keen interest in matters financial, economic and political eventually led me to conclude that the current, debt-based fiat system is broken. It was a natural step from there to investing in gold and, in early 2013, Bitcoin. Although I'm not very technical, I've learnt about Bitcoin through study, asking questions, running ecommerce and marketing sites and working as a journalist. I've always loved writing and my current focus is on creating guides which inform others about Bitcoin's advantages.

63 Comments

  1. Hi at the end of the article you mention preventing the exposure of your private keys by transfering your bitcoin into another wallet.
    Lets say for example that I have all my bitcoins on trezor 1 and i transfer them to trezor 2. Once that is done and I decide to access my bitcoin cash, would I use the trezor 1, that I just transferred the bitcoins from, or the the trezor 2 that has the bitcoins on it now, to access my bitcoin cash?
    Thanks!

    • The TREZOR 1 will be used to access your Bitcoin cash. The TREZOR 2 is your new “original Bitcoin” wallet. But with Trezor’s case they made it easier to extract Bitcoin cash without needing to do that step. This is only relevant in cases when you’re using wallets that aren’t hardware wallets like Electrum.

  2. Hi team,
    zebpay is offering BCC :)
    Got notification today

    My question is?

    Once famous wallet like coinbase, zebpay etc.. Offers BCC .
    Is it good to buy BCC will the price of bitcoin cash increase in future???… Likely every one are interested to buy BCC i think it may see increase in price.

    What is your opinion on this???

    • Ofir Beigel on

      Hey Megan, thanks for the update on Zebpay.
      Your question about BCC is really hard to answer since the price could go both ways. Personally, I don’t believe in this currency, but this is my personal opinion and not any investment advice. That’s why I sold all of my BCC as soon as I got them.
      I could be wrong you though..

      • Yup you are right most of them are telling the same thing.
        If I have any doubts or clarification I’ll visit this site.

        You guys are always there for the questions people asks…

        :)

  3. Looks like Coinbase will be honoring their customers with BCC!

    From Coinbase Team…

    In the case of bitcoin cash, we made clear to our customers that we did not feel we could safely support it on the day it was launched. For customers who wanted immediate access to their bitcoin cash, we advised them to withdraw their bitcoin from the Coinbase platform. However, there are several points we want to make clear for our customers:

    1. Both bitcoin and bitcoin cash remain safely stored on Coinbase.

    2. Customers with balances of bitcoin at the time of the fork now have an equal quantity of bitcoin cash stored by Coinbase.

    3. We operate by the general principle that our customers should benefit to the greatest extent possible from hard forks or other unexpected events.

  4. I have a Multibit HD wallet. But Multibit HD is no longer supported. How can a transfer to an other wallet without losing my bitcoin cash?

    • Ofir Beigel on

      The price hasn’t really stablized yet as far as I know. I suggest waiting a few days before making any decision.

  5. I am looking to purchase bitcoin cash but do not currently have any bitcoin. Is there a safe and reliable way to purchase bitcoin cash for the first time? If so how would I do this as someone who is a beginner?

    Thanks!
    Alex

      • Hi Ofir Beigel,

        I’m located in India it will be very helpful if you let us know how to purchase Bit coin Cash.

        • Zsofia - 99Bitcoins support on

          Hi Megan, we will write a post soon about how to buy Bitcoin Cash, watch out for it.

          • Sure and again if I have any doubts or to know any latest updates I’ll visit this web site.

            :)
            Thank you

  6. Richard P Kekana on

    How much can I use to start (,minimum)?
    And how can I trust someone how is telling me to put money on the account and he/she will help me,it happened before,so I don’t want to risk again. Can you sent me account number for bitcoin and in for to start.

  7. so if my idiot self left all of my bitcoin on my qt wallet is there ANY way to get the bitcoin cash? or is that just not something I can do

  8. What happens to the original bit coins that someone might be holding in his/her wallet ? Which category will it fall into if it the owner does not want a split ? And are there any limits on the number of bitcoins that one can buy at a time ?

    • Zsofia - 99Bitcoins support on

      Hi Biswajit, the original Bitcoins stays in your wallet, nothing happens with them. There are no limits how much Bitcoins can buy at once, but some exchanges only let you purchase for a larger amount of money if you verify your identity.

  9. Great read! Cleared up a lot, but I am still confused about one important aspect.

    “If your bitcoins are safely held in your personal Bitcoin wallet, your BTC balance will be credited and matched on the BCH chain.”

    So by that do you mean if you have 1BTC, you’ll just be given 1BCC for free? Or do you perhaps mean that you’ll have the opportunity to swap 1BTC for 1BCC, only if you choose to split?

    If you can ELI5 this, you’d be a god in my books, haha.

    • This about it this way. . the new bcc is created using the existing btc blockchain.. they have a copy.. including all the transactions and wallets and keys..

      so if you have 27 btc now you got 27 on that new chain too.. cause their new chain is a copy of the old chain. but using new rules that or incompatible (hard fork) between the two chains.

      Make sense?

    • Dayley Senior on

      Hi Doug, (and anyone else who wants to know more)

      Thats correct. If you have 1BTC, you will be given 1BCC for free! However, there are LARGE assumptions that this would reduce the actual cost of Bitcoins themselves by half… seen as realistically you are doubling your money and that money has to come from somewhere, right? Hence why people are sceptical about the whole scenario and how the fluctuation will effect traders.
      The only way to make this “fair” would be to make 1BTC the equivalent price as 1BCC – which kinda makes sense… but I’m pretty sure some traders/websites will have a huge impact when they see their bitcoins half in price and then they are forced to start dealing BCC also. Otherwise, they will not only lose custom, but they will be stuck with BCC which is of no value to them if they cannot trade to get rid of them. :S

      I assume (and this is only a assumption guys!) that as Bitcoins raise in value so will the BCC to match the Bitcoins, and vice versa. So long term BCC would be just as good of an investment as Bitcoins really.

      Theres nothing really changed in my eyes. Bitcoins reduce in price by half, but you are given the equivalent in BCC as you have in BTC. So you still have the same amount of “Cash” just in two different forms. Im sure there is a point to this….Somewhere.

  10. Hi Steven,
    Thanks for your info. Now I have just transferred to newly created btc.com android wallet. What should I expect next? Hopefully my BTC funds will remain and BCH funds will show up in the wallet soon, or someday.

    Thanks,
    Ivan

    • Ofir Beigel on

      According to btc.com you should have the same amount of BTC and BCH in your wallet. However I guess we’ll have to wait and see.

  11. Bitcoin.com has a wallet with more users than many of the other wallets on your list. (And it will be supporting Bitcoin Cash too.)

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