CIOTechie_Blockchain_Bitcoin_Bitcoin-SV_Altcoin_Coinbase

Coinbase Allow Its Users To Withdraw Bitcoin SV To Their External Wallets

IOT News

Coinbase_Allow-Its-Users-To-Withdraw-Bitcoin-SV-To-Their-External-Wallets Coinbase Allow Its Users To Withdraw Bitcoin SV To Their External WalletsCoinbase, a San Francisco-based digital currency exchange, is now allowing its users to withdraw Bitcoin SV (BSV) amounts to their external wallets. In November 2018, BSV appeared following a hard fork in the Bitcoin Cash (BCH) Blockchain, which resulted in two new coins- Bitcoin SV and Bitcoin ABC. The Coinbase users holding BCH, after the hard fork, received an equal amount of BSV, but the exchange has so far, not offered an option for users to withdraw their BSV.

Though, the exchange, from now, is enabling its users where they can send their BSV balance to an external wallet. But it still does not provide services for purchasing or selling BSV on its platforms. Following such hard fork, a US-based Cryptocurrency exchange Kraken started helping users of Bitcoin Cash, but also alerting them that custodial loss taken on owing to attacks from nChain or its affiliates will be socialized with all BSV holders on Kraken platform. Even, a Cryptocurrency statistics and wallet provider Blockchain.com announced in January that it had introduced partial support for BSV that enables its users to have some of the same options with BSV as its four other hosted Cryptocurrencies had, including Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH) and Stellar (XLM).

Bitcoin SV has seen slight losses on the day and decreasing by 2.91 percent, according to data from CoinMarketCap. Alternatively, the Altcoin saw its lowest price point at USD 61.50 on February 8 and USD 67.04 at a high price point on the same day.