We would like to take the time to follow-up on our previous communication about the potential hard fork on August 1st.
As we shared, there may be a User Activated Hard Fork (UAHF) to increase the Bitcoin block size, it will also create a new coin, Bitcoin Cash otherwise known as BCH. This hard fork, if executed, will take place on August 1, 2017 at 5:50 PM IST.
Our aim has been and always will be to best protect your funds. In the event of this User Activated Hard Fork, Coinsecure may or may not support BCH. We will consistently service the most used chain, even BCH, if it becomes the dominant coin. However we will allow you to enter an address on your account and withdraw the non dominant chain coins as well at a later time.
Right now, if you are interested in having access to Bitcoin Cash, you will need to remove Bitcoin from your Coinsecure wallet to an external wallet by July 31st at 9pm IST.
As the protection of your funds is a top priority, we will disable Bitcoin deposits and withdrawals from our exchange starting at 9pm IST on July 31st. All Bitcoin that you have stored on Coinsecure will remain secure during a potential hard fork.
We may pause all services for 48 hours to again ensure safety of customer funds during this potential hard fork.
Thank you for your interest in Coinsecure and most importantly your support for Bitcoin!