Bitcoin Cash (BCH) will be undergoing a hard fork set to occur on November 15, 2020, at 12:00 PM UTC (4:00 PM Dubai time). There is a likelihood of a split between two main BCH chains; Bitcoin Cash Node (BCHN) and Bitcoin Cash ABC (BAB). This means that this fork might result in a new token.
BitOasis will only be supporting the upgrade named Bitcoin Cash Node regardless of the outcome of the fork. Bitcoin Cash Node tokens will be called Bitcoin Cash (BCH).
For us to maintain the security and safety of users’ assets as well as associated price volatility with this upgrade, we will be following the steps below:
Deposits & Withdrawals
we will be suspending BCH deposits and withdrawals 12 hours prior to the fork on November 15, 2020, at 12:00 AM UTC (4:00 AM Dubai time). After evaluating the network, we will be re-enabling deposits and withdrawals once stability is assured.
Trading on BitOasis Core & Pro
Bitcoin Cash (BCH) trading on Core and Pro will be suspended not earlier than one hour before the time of the fork and will resume not later than one hour after the upgrade is completed. The exact time will be shared on your account dashboard notifications.
- Users who would like to have full control over the result of the fork should proceed with withdrawing their BCH balance to a personal wallet that supports the hard fork as BitOasis cannot guarantee to support the new token. By keeping your BCH in your BitOasis account, you are agreeing to the above.
- We do not plan on supporting Bitcoin Cash ABC (BAB) initially. It might be supported if the hashpower on the ABC network is sufficient and the market shows adoption to the resulting token. In this case, the new token will be named Bitcoin Cash ABC (BAB). Clients with a BCH balance at the time of the fork will receive an equal amount of BAB.