Bitcoin exchange Coinbase allows trading in Bitcoin Cash

Reuters Staff

 

FILE PHOTO: A collection of Bitcoin (virtual currency) tokens are displayed in this picture illustration taken December 8, 2017. REUTERS/Benoit Tessier/Illustration/File Photo

 

(Reuters) - San Francisco-based bitcoin exchange Coinbase said on Tuesday it would allow customers to buy, sell, send and receive Bitcoin Cash, a clone of the original cryptocurrency.

 

Bitcoin Cash was created on Aug. 1 when Hong Kong-based digital currency exchange Bitfinex said a minority of bitcoin miners would be “forking” to create a new version of bitcoin to make trading faster and easier.

 

Coinbase said all customers who held a bitcoin balance on Coinbase at the time of the fork will now see an equal balance of Bitcoin Cash available in their Coinbase account. bit.ly/2klmEUI

 

Reporting by Mekhla Raina in Bengaluru; Editing by Amrutha Gayathri

 

-- © Copyright Reuters 2017-12-20

Is Coinbase any good to keep your bitcoins ?

 

 

On 12/20/2017 at 10:26 PM, dpdp said:

Is Coinbase any good to keep your bitcoins ?

 

Keeping crypto currencies in a wallet at any exchange, including Coinbase, is always a terrible idea. Before buying any cryptos, you'd be best served by reading up on how to properly store your coins (hardware wallets are the best). History teaches us exchanges are struggling to keep their security in order and get hacked like clockwork. 

good !

Hope this raises BCH which is selling itself as a real peer-to-peer. I'm convinced future massive growth for coins will come when accessibility is vastly improved and migrant workers can send money home cheaply.