Bitkub ADA Change

[alien365]

Hi Guys. 

 

I guess I'm not the only one who faced this today so I expect others may be in the same boat as me. Does anyone know what we are supposed to do after this mornings downtime? They say that ADA has moved to a new address but I've no idea what that means I have to do with my Cardano.  Does that mean I can't hold it with bitkub anymore and that I have to deposit it to another exchange? (I have etoro). 

[Kertang]

Also confused as to what this means... Hoping for clarification  soon as I do not have another platform for crypto.. 

[Roel]

It doesn't mean anything really. Buying and selling of ADA is not affected by this. Bitkub is telling you that if you want to RECEIVE ADA you have to give the sender the new address. Actually the system will already use the new address so this is only for users who clicked the "remember this address box".

You can see it as if your bank changes your bank account number and tells you to use only the new one to receive funds.

[alien365]

11 hours ago, Roel said:

It doesn't mean anything really. Buying and selling of ADA is not affected by this. Bitkub is telling you that if you want to RECEIVE ADA you have to give the sender the new address. Actually the system will already use the new address so this is only for users who clicked the "remember this address box".

You can see it as if your bank changes your bank account number and tells you to use only the new one to receive funds.

Thank you Roel for putting my mind at ease. I received a response from bitkub in Thai, which wasn't ideal, and more importantly it didn't answer my question. I don't plan on receiving any ADA so I'll do nothing, just wait until the price goes back up again. 

[piewarmer]

As above anyone sending ADA back to Bitkub for sale must use Bitkubs new wallet address, dont use one you may have saved previously.

Edited November 6, 2021 by piewarmer