Local bitcoin cash wallet
Am i too late? Do i have to transfer BTC to a desktop wallet that have private key, then tansfer back to LocalBitcoin. You were support to download it to a wallet you own the private key to. Local bitcoin cash wallet what it is. Will i receive my bitcoin cash bchif i transfer my BTC from localbitcoin.
As with any new coin or bringing any software or hardware into a secure environment local bitcoin cash wallet always entails risk … both to the platform AND the hot wallet. So as I have learnt in life … never ever say never.
I do not have any knowledge of LBC's backend double entendre of course intended it may mean collating thousand of bits of dust and extracting plus consolidation of many many addresses … a hell of a lot of work. On Local bitcoin cash wallet 1st a new Cryptocurrency was created called Bitcoin Cash. Anyone who controlled Bitcoin on August 1st at LocalBitcoins has always run the Bitcoin core software and this software only supports Bitcoin.
As in the previous times when new cryptocurrencies have been launched that have either promised tokens to Bitcoin holders or outright copied the Bitcoin Blockchain Clams, LumensLocalBitcoins has not offered support for the currency or allowed withdrawals of it. LocalBitcoins main priority is to keep Bitcoins deposited by customers safe. Adding support for new Cryptocurrencies that share private keys with Bitcoin would expose customer funds held by us to great risks, risks that we believe are larger than the local bitcoin cash wallet these cryptocurrencies provide.
While we are not opposed to adding other cryptocurrencies to our platform, at this point in time we do not have any plans to support any cryptocurrencies other than Bitcoin. Customers with balances of bitcoin at the time of the fork now have an equal quantity of bitcoin cash stored by Coinbase. Users may plan to take law action against the company. The company is physical company registered in EU:. The court will not allow such policy.
You may also utilize change. What you own when having a balance here is nothing more than a database entry, you only own bitcoin from here after a successful withdrawal. So where did it go? Is there no way of reclaiming it? That is unless LocalBitcoins is doing Fractional-reserve banking and actually had less bitcoins in their possession than the total amount deposited by their users during the time when the fork happened.
They are probably selling the bcc right now and laughing at us. We are closely monitoring the current situation regarding the risk of a Bitcoin hard fork occurring on August 1st. Today, July 18th, it looks possible that the hard fork local bitcoin cash wallet be avoided as BIP 91 can activate before then. Our current plan in case BIP91 does not activate before August 1st, and the risk of a hard fork becomes real, is local bitcoin cash wallet stop all Bitcoin transactions for a period of time in order to protect the Bitcoin you have in your LocalBitcoins wallet.
Once the danger period has passed LocalBitcoins will allow local bitcoin cash wallet of Local bitcoin cash wallet on both the majority and minority chain for as long as it is feasible and possible to support both chains.
In case BIP 91 fails to activate and the risk of a hard fork becomes real we will share more information via our blog, twitter and email. I hope they come to their senses and distribute the BCH like most other exchanges have, otherwise they will have lost all trust. Guarantee is was 10x more than all these people bitching…. LocalBitcoins does not intend to support or interact with the new blockchain in any way. If this were to change, LBC would make those coins available for customers to withdraw, not keep them.
Currently we do not run any software that makes it possible for you or for us to access it. Hope you all will understand what happen at localbitcoin, beside bitcoin cash, all things still the same at localbitcoin. How to get bitcoin cash BCH from localbitcoin after hard fork?
For all that have account in localbitcoin. The company is physical company registered in EU: FI The court will not allow such policy. What you own when having a balance here is nothing more than a database entry, you only own bitcoin from here after a successful withdrawal ; [brosejs] Local bitcoin cash wallet just to be clear, If I had Local bitcoin cash wallet in a wallet on localbitcoins over the fork, I will never see my Bitcoin Cash?!
But they must be somewhere. They are probably selling the bcc right now and laughing at us [tjfda] the thing is that LBC stated before Aug 1st that they will be giving BCH to their users: Guarantee is was 10x more than all these people bitching… [FriendShipZoom] I receive this 2nd reply from localbitcoins.
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