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Instructions for sending Bitcoin Cash using your Luno wallet. For those of you who use Gemini and had Bitcoin in your account when the hard fork occurred on August 1st, Gemini just by andycox.

Editor's Note: Since publishing this research, Coinbase has reversed its position on Bitcoin Cash (BCH). The digital currency exchange now plans to credit BCH to investors who held Bitcoin before the fork. Tentative plans are to deliver BCH by January 1st, 2017. You can read more about.

Perhaps you've already heard, but big changes are coming down the pike for Bitcoin. The Bitcoin community spent the last month swimming in uncertainty. The digital currency was grappling with scaling issues caused by block size. Essentially, Bitcoin was struggling to keep up with its expanding network. And this left the Bitcoin community with two options: • Initiate a hard fork, which would alter the Bitcoin code and increase block size dramatically. • Initiate a soft fork, which would alter the Bitcoin code in small increments.

Now, I’m not going to get into the exact details of a Bitcoin fork right now. This is the details: A bulk of the Bitcoin community was leaning toward option one on July 18 th. HTMLCOIN HTML Mining Calculator more. But a faction of the Bitcoin community — headed by Facebook engineer Amaury Sechet — didn't consider option one aggressive enough to counter Bitcoin’s scaling issues.

They pushed for a hard fork, which is going to take place on August 1 st. This action is going to create a new altcoin with all the same characteristics of Bitcoin and a larger block size. This altcoin is going to be called Bitcoin Cash (BCH).

Now, the long-term success of BCH is open to debate. Considering how a bulk of developer, investor, and miner support is still going to reside with the original Bitcoin, many investors have already written BCH off as 'destined to fail.' Other investors don't see it that way. You see, as soon as the fork happens and BCH comes into existence, a second billion-dollar digital token will be born.

Anybody who holds BTC will have the same amount of BCH — as long as they take the necessary steps. And those profits are enticing to many investors. In the hours leading up to the fork, Bitcoin’s price is fairly stable. This leads to speculation that, rather than panicking, investors are looking to buy Bitcoin and profit from the fork.

If investors buy Bitcoin and then move it onto a different exchange or wallet, they could potentially close out tomorrow with two tokens: BTC and BCH. Other investors have no interest in BCH and are simply looking for a way to protect their existing investments. No matter what you're trying to do, it’s important to know what exchanges and wallets have announced that they're going to recognize Bitcoin Cash. What Exchanges Will Recognize BCH? Exchanges and wallets have taken firm stances on which version of Bitcoin they're going to support.

We've mentioned Coinbase in a few of our digital currency articles, so it’s worth noting that Coinbase is not going to recognize BCH. The exchange sent the following answers to users concerned about the fork: Is there any risk to simply leaving my BTC in Coinbase during this event?

No, there is no risk to your existing funds. Leaving BTC in your Coinbase wallet will not change anything about your BTC. However, you should move your BTC off Coinbase if you would like access to coins on the new UAHF chain. If I leave my BTC in Coinbase during the UAHF/UASF, will my BTC turn into the new version, or stay as the old version? The UAHF is incompatible with the current Bitcoin protocol and will create a separate blockchain. Should the UAHF activate on August 1, Coinbase will not support the new blockchain or its associated coin. Any BTC within customers’ accounts will remain accessible over the main blockchain only, and will not be converted into BTC on the UAHF chain.

The UASF will not alter any customer funds which are stored in Coinbase. This means that if you have Bitcoin in Coinbase, you will still have the original Bitcoin. You will not, however, have access to BCH. And Coinbase isn't the only digital currency exchange that has rejected the new Bitcoin fork. Other exchanges that won't credit BCH include: • Bitstamp • BitMEX • GDAX/Coinbase • CryptoFacilities • Luno • Unocoin • Zebpay With this in mind, many investors who store their BTCs in these exchanges have decided to transfer their BTCs into other exchanges or offline wallets. That way, they can possibly profit from BCH. If you're one of the investors looking to capitalize on obtaining a new altcoin, these are the exchanges that are going to credit BCH: • Bitfinex • BitFlyer • Bithumb • Bittrex • Huobi • Kraken Some exchanges, like Poloniex and Gemini, have left the decision up in the air.

They are waiting to see whether or not the currency is going to be viable. If you don’t see your exchange or wallet on this list, it would be wise to contact exchange customer service. Depending on how you want to approach the fork, this information is important. On a sidenote, it would also be wise to check your exchanges standing as the fork looms. Some have changed their stances as the situation progresses. But Will Bitcoin Cash Even Survive?

Last Friday, I attended a Blockchain conference in D.C. Where a panel of experts was asked to give its projections on Bitcoin’s value by 2020. One expert joked, “Well, which fork?” Even though the conference audience laughed, this is truly a multibillion-dollar question.

Considering the effects that BCH could have on the existing Bitcoin, many investors are shaking in their boots. If you look at Reddit forums, it seems that many investors have already declared a victor: BTC.

Such investors defend their positions by saying that BTC has the bulk of the Bitcoin community's support, and BCH will slowly disappear. Nevertheless, investors would be smart to has already accumulated, including major backing from miners, developers, and investors. BCH is going to have all the same benefits of Bitcoin, including an increased “block size,” which will help with scaling issues. BCH is going to be: We are going to follow this post up with a resource page about Bitcoin cash. For now, subscribe if you would like to receive more of our digital currency research and updates.

Ethereum, another digital currency Wealth Daily frequently covers, has also undergone a fork that resulted in two coins, including the less-known Ethereum Classic. If you wish to learn more about the effects of forks in the digital currency ecosystem. Warren Buffett once told investors at an annual shareholder meeting, '.it's a huge structural advantage not to have a lot of money. I think I could make you 50% a year on $1 million. No, I know I could. I guarantee that.'

Buffett later went on to talk about one incredible advantage that average, smaller investors have over Berkshire. Point blank, The 'Oracle of Omaha' envies people like you because you can invest in small cap stocks and he can't. Join our community of over 400,000 readers at Wealth Daily today for FREE, and get started with three of our top small-cap tech stock picks – the kinds of high-return investments Warren Buffet now can only dream of making.

As all of you are well aware there is a new currency in the game by the name of Bitcoin Cash. I manually checked a lot of exchanges and those that do have it, are calling it either BCH or BCC. I propose that ccxt's default simbol for Bitcoin Cash should be BCH becouse BCC is used already. That being said I can't seem to think of a way of doing this but manully checking which exhange is calling it BCC and then switching the value upon call BCH->BCC so that we can still call it BCH.

I suggest putting an enhancement label on this and waiting for 10 days or maybe two weeks. A lot of people think that the currency might be dumped by everyone ant that her value will be next no nothing. I am not a prophet but what i do know is that if it survives the first 2 weeks than it's here to stay and we should adapt to it.

Received this from GDAX/Coinbase. They say, they will support it. In January 2018.

From: no-reply@updates.coinbase.com Dear Coinbase customer. Over the last several days, we’ve examined all of the relevant issues and have decided to work on adding support for bitcoin cash for Coinbase customers. We made this decision based on factors such as the security of the network, customer demand, trading volumes, and regulatory considerations. We are planning to have support for bitcoin cash by January 1, 2018, assuming no additional risks emerge during that time. Once supported, customers will be able to withdraw bitcoin cash. We'll make a determination at a later date about adding trading support. In the meantime, customer bitcoin cash will remain safely stored on Coinbase.

Thank you, Coinbase Team.