Bitstamp have now enabled BitcoinCash withdrawals

[alyssa85]

https://www.bitstamp.net/article/bitcoin-cash-withdrawals-now-available/

27 SEP 2017

We are happy to inform you that we have now distributed corresponding Bitcoin Cash (BCH) balances to those of our customers who chose to leave their BTC on our platform at the time of the fork. An equal quantity of BCH is now available for withdrawal. To withdraw your BCH funds, click here now.

As previously advised, Bitstamp used the timestamp of the last common block (block 478558), which is 1 August 2017, 13:16:14 UTC, to determine our customers' BCH balances.

In light of recent events in China, we are postponing the launch of BCH trading until further notice. We will constantly review our position on this issue as events unfold, and will inform our customers of any new developments as they emerge.

[HeRetiK]

Well, better late than never I guess. Interesting that they chose to postpone BCH trading. But I guess since they are late to the party anyway they might as well just wait and see how China plays out.

[BitHodler]

No one has the right to complain about how Bitstamp has been handling this whole Bitcoin Cash situation. If people leave their coins in their accounts, they are at mercy of the exchange when it comes to important happenings.

If people wanted to obtain their Bitcoin Cash immediately, they should have stored their coins offline, because at the end of the day, that's where coins are supposed to be stored.

Now Bitcoin Cash is slowly fading, we'll potentially see another chain split become reality this year, called Bitcoin Gold ~ that's basically another unwanted situation requiring an exchange's precious time.

[crptotrader007]

Something is better than nothing. Providing equivalent amount BCH is a bonus for those who decided to keep their money on Bitstamp.
Although there would be very few people who would have left their BTC on the exchange, it would have on their accounts.
So cheers to those who left thier BTC on Bitstamp.

[LeGaulois]

If people wanted to obtain their Bitcoin Cash immediately, they should have stored their coins offline, because at the end of the day, that's where coins are supposed to be stored.

True. However storing offline is not a solution for everyone, because it may not easy to do or let's say alone to understand. Remember that it's one of the problems still for the mass adoption (making it easy to use).
There are people who don't know manage wallets, keys, etc. Those people like to use online wallets such as Coinbase. There are also a very large amount of people using Exchange Platforms as their main wallet. Because they don't want to deal with their own wallet, or for whatever reason it is.

Everyone has the right to complain about something, there is nothing written on Moise's tablets telling we can't.If we can't complain about anything then it is a tyranny at least a dictatorship.

[alyssa85]

Well, better late than never I guess. Interesting that they chose to postpone BCH trading. But I guess since they are late to the party anyway they might as well just wait and see how China plays out.

I thought China was an odd excuse for not enabling BCH trading - especially as most of the BCH trading is done on western exchanges (HitBTC and Poloniex) or on Bitthumb (Korea).

[HeRetiK]

Well, better late than never I guess. Interesting that they chose to postpone BCH trading. But I guess since they are late to the party anyway they might as well just wait and see how China plays out.

I thought China was an odd excuse for not enabling BCH trading - especially as most of the BCH trading is done on western exchanges (HitBTC and Poloniex) or on Bitthumb (Korea).

Well, not China per se, but rather potential market uncertainties caused by whatever China comes up with next. BCH doesn't seem like the sort of alt that is going to fare well in a bear market. But maybe they are also referring to the potential mining ban (however that may look like), given that it would likely hit BCH worse than BTC.

[exstasie]

Well, better late than never I guess. Interesting that they chose to postpone BCH trading. But I guess since they are late to the party anyway they might as well just wait and see how China plays out.

I'm surprised to see them withhold from adding trading support. What exactly do they mean by, "in light of recent events in China?" Is that some implicit acknowledgment that the future of BCH is entirely dependent on Bitmain?

I wonder if they have observed dwindling global volume for BCH. ViaBTC's closure may have played into that -- that's true. I think the customer demand they cited may have just been customers who wanted free money to dump for BTC.

[xypos]

https://www.bitstamp.net/article/bitcoin-cash-withdrawals-now-available/

27 SEP 2017

We are happy to inform you that we have now distributed corresponding Bitcoin Cash (BCH) balances to those of our customers who chose to leave their BTC on our platform at the time of the fork. An equal quantity of BCH is now available for withdrawal. To withdraw your BCH funds, click here now.

As previously advised, Bitstamp used the timestamp of the last common block (block 478558), which is 1 August 2017, 13:16:14 UTC, to determine our customers' BCH balances.

In light of recent events in China, we are postponing the launch of BCH trading until further notice. We will constantly review our position on this issue as events unfold, and will inform our customers of any new developments as they emerge.

Well, at least they are withdrawing every single person's BCH, whether or not trading was available. Have to say though that they were probably a tad late with the withdrawals, every other exchange have done it ages ago.

I wonder why they are postponing BCH trading, though.

"China" is just not a valid reason. I mean, they've still got a lot of other trading pairs availble on their site...

[BitMaxz]

I think even they postpone trading you can be still act trading in changer.com since they are late to announce about enabling bitcoincash withdrawals and you wanted to exchange your bitcoin cash in bitcoin you can try to exchange it in changer.com for now for alternative to exchange them with a current price from the market with less rate..

[romani245]

I wonder why they are postponing BCH trading, though.

"China" is just not a valid reason. I mean, they've still got a lot of other trading pairs availble on their site...

Agreed, the reference to China is a really odd explanation. I don't buy it. I think that there are two potential reasons why they didn't open BCH trading: 1) Volume is dropping on BCH pairs where it is still trading. Maybe they don't think the market will generate enough volume to justify adding it. 2) We are less than two months away from the Segwit2x fork. Maybe they'd prefer to see resolution of that before deciding which fork (if any) to support.