Bitfinex Starts Accepting Bitcoin SV Deposits and Withdrawals

Bitcoin Cash Network created an implementation of Bitcoin Cash protocol- Bitcoin SV. Exchanges are either accepting BSV deposits, withdrawals. Bitfinex announced that it is accepting BSV deposits and withdrawal.


Bitcoin SV Deposits and Withdrawals Now Open at Bitfinex Exchange

Bitfinex said on a post on its website that as of 9 AM UTC November 28, 2018, it would enable deposits and withdrawals for BSV (Bitcoin SV). The exchange revealed that users would be able to generate new BSV deposit addresses on the platform. It urged that every BSV deposits require the generation of a new deposit address prior to use.

The exchanged however warned that in the meantime it would not support replay deposits. It urged users to take extra precaution to ensure that their transfers are split and that only the token that they wish to deposit is transferred. The exchange supports both Bitcoin ABC and Bitcoin SV.

“Please take extra care when making any BAB/BSV transfers and ensure that you are using both the correct address and token. If you are unsure as to what the above means, please contact [email protected] prior to initiating the transaction.” Bitfinex said on the blog post.

Bitcoin SV is trading in pairs with BTC and USD on the platform. Additional trading pairs for Bitcoin SV and Bitcoin ABC is expected to be added in the nearby future. Many other exchanges already list both the Bitcoin ABC and Bitcoin SV tokens on their platforms. Although the hard fork was originally intended to upgrade the network, Bitcoin SV split from the ABC.

Other Exchanges Listing Bitcoin SV

Following the successful fork and the subsequent split in the Bitcoin Cash Network, many exchanges list both the Bitcoin SV and the ABC. Recently Binance announced that all eligible users have now received both BCH ABC and BCH SV tokens. By the time of the listing bitcoin, ABC had already mined 34 blocks more than SV.

Both the Bitfinex and Poloniex exchanges have also said they have made the shift to the new cryptocurrencies.

“We’ve finished converting all BCH balances to BCHABC and BCHSV. The BCH market is now disabled. BCHABC/BTC, BCHSV/BTC, BCHABC/USDC, and BCHSV/USDC markets are open. Deposits and withdrawals of BCHABC and BCHSV are still paused, and will remain paused until the networks stabilize.”

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Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Jacob Okonya

Jacob has been engaged in blockchain technologies, Bitcoin, and fintech. He worked mostly as a blockchain market researcher, fintech journalist, and online forum moderator. Jacob is involved in creating articles and educational content for different project components, explaining how users can utilize the various resources.

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