Bitcoin Cash Fork Plan

WHAT IS BITVEST'S PLAN?

Shortly before the fork, we will be freezing all BCH deposits and withdrawals to take a snapshot of all BCH balances. At this time we will also update our nodes and make sure all is well with the new fork.

Bitvest will support whichever coin has the most support at the time of the fork. As of now, Bitcoin Cash Node (BCHN) appears to be leading over Bitcoin Cash ABC (BCHA). This means Bitvest is likely to support BCHN.

Any deposits of the "losing" coin after the fork will not be credited or supported in any way; we will not recover any intentionally or accidentally deposited coins in said fork.

• If our Trezor wallets support BCHA, we support payouts of BCHN based on balances and investments at the time of the fork.
• If Trezor does not support BCHA, but strong two-way replay protection is implemented we may support payouts in the future if the coin has sufficient value.
• If proper two-way replay protection is not implemented, we are not likely to pay out any BCHA balances.

For the "losing" coin, we make no guarantees.

WITHDRAW OR CREDIT?

If it is possible to safely transact our BCHA, we will do the following:

• If BCHA is worth under 0.05 BCHN: We will do nothing with our BCHA unless Trezor offers an easy method to split our coins.
• If BCHA is worth between 0.05 and 0.25 BCHN: We will sell all of our BCHA and credit the BCHN from the sale to all users based on their pre-fork BCH balances and investment values. (This is what will occur)
• If BCHA is worth over 0.25 BCHN: We will try our best to allow manual withdrawals for any BCHA balances for anyone holding over 1 BCH. If this is not possible, we will sell all of our BCHA coins and credit the BCHN from the sale to all users based on their pre-fork BCH balances and investment values.

WHAT DO I NEED TO DO?

If you do not wish to claim your Bitcoin Cash ABC, or wish to remain invested with us, you are not required to do anything with your funds on Bitvest.

If you are comfortable handling your coins, dealing with the split, and would like to guarantee you receive coins from both sides of the fork, please temporarily withdraw your BCH at least 24 hours before the fork.

Updates

Nov 15, 10:35 AM GMT:

We have moved our BCH off our Trezors into a wallet where we have easy access to the private keys. This is a temporary move to ensure we can split the coins properly and allow an "airdrop" from the sale of BCHA to our BCH holders.

Nov 15, 4:54 PM GMT:

We have created the transactions necessary to split our BCHN and BCHA. Once both transactions have confirmed, we will have securely split our coins and will sell the BCHA shortly after.

Nov 15, 5:42 PM GMT:

We have sent ~170 BCHA to an exchange. If the confirmation doesn't take too long, we will sell it for BCH and immediately withdraw it to credit all BCH users on Bitvest. We are hoping for 0.03 to 0.06 BCH per BCHA.

Nov 15, 7:20 PM GMT:

We have finished selling our BCHA. In total, we raised 7.78 BCHN for users with a total balance of 170.82 BCH. Once we can withdraw from the exchange, we will be crediting all users with a BCH balance or investment at the time of the split ~0.045 BCHN per BCH.

Nov 16, 7:50 PM GMT:

We have paid out all holders of BCH entitled to >0.01 BCH worth of BCHA at the time of the snapshot. The rate of payment was 0.0455 BCH per BCHA.