We are really glad to announce the official release of Bitcoin Cash (BCH) at Coinhako. You can now buy Bitcoin Cash with SGD.
Key things to take note of:
- Do not forget to claim your BCH if you had a BTC balance with Coinhako at 10pm on 31st July 2017. You will be credited with BCH at a ratio of 1BTC:1BCH.
For example, if you had 0.1 BTC in your Coinhako BTC wallet at 10pm on 31st July 2017, you will be credited 0.1 BCH.
- You may now Buy, Sell, Send, and Receive BCH on our platform.
What is BCH?
BCH is a cryptocurrency that resulted from a hard fork of Bitcoin on the 1st of August 2017.
It is totally independent from BTC and has a strong following. The main reason for the fork was to allow for scaling to the masses by increasing the block size.
To read up more about Bitcoin Cash you can visit its website here.
If you are unfamiliar with the difference between a Hard and Soft Fork, you can learn more here.
Why has this taken so long?
Every Fork follows a new set of rules and might cause new problems for our platform. This could result in an unpleasant experience with Coinhako or even affect the integrity of our system.
As Coinhako prioritizes the safety of our users and their funds, we have been carefully reviewing the inclusion of BCH in our platform and ensuring that it does not have a negative impact on our system.
We are always excited to add new technology to our platform and we sincerely hope that you will enjoy this new cryptocurrency. Nevertheless, we sincerely apologize for any inconvenience caused and for the delay in BCH’s release.
If you are unfamiliar with the difference between a Hard & Soft Fork, you can refer here.
Get started with Bitcoin Cash on Coinhako now!
Here are some guides to learn about:
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*The information presented in this article does not constitute investment advice and is purely for educational and/or informational purposes.
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All opinions expressed here by Coinhako.com are intended for educational purposes, taken from the research and experiences of the writers of the platform, and should not be taken as investment or financial advice.