Announcement Regarding the Upcoming Bitcoin Cash Hard Fork

Dear Users,

At approximately 2020/11/15 12:00 PM (UTC), the Bitcoin Cash (BCH) blockchain is scheduled to undergo a hard fork. It is likely that there is a chain-split between the two main BCH clients, Bitcoin Cash ABC (BCHA) and Bitcoin Cash Node (BCHN), making this a contentious hard fork that may result in an additional token.
As such, to reduce the trading risks brought about by price volatility and to maintain the safety of user funds during the hard fork, BitWell will handle the hard fork as per the following:

1.BCH Deposits & Withdrawals

BitWell will suspend BCH deposits and withdrawals at 2020/11/14 13:00 PM (UTC). Please ensure that you leave sufficient time for your BCH transfers to be fully processed prior to the time above.

2.BCH Spot Trading

BCH spot trading will not be affected. Please ensure you take sufficient risk measures as price volatility is often high during contentious hard forks.

3.Regarding the BCH Hard Fork

If there is no new coin created. BitWell will resume BCH deposits and withdrawals as soon as possible.
If the hard fork results in two competing chains, we will select the corresponding scheme based on the market.

A further announcement will be made regarding the timing of deposits and withdrawals resuming, as well as further information about the BCH chain split that may affect the above.

We would appreciate your support to BitWell!

BitWell Team

BitWell is committed to building a fair and transparent global digital asset trading platform, providing investors with secure, convenient and intelligent blockchain derivatives trading services.


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