How did Coinbase manage my Bitcoin Cash?

3 answers

• May 16, 2022 · 3 years ago
  Sure! After the Bitcoin Cash fork, Coinbase initially did not support the new cryptocurrency. However, they later announced that they would credit users with the equivalent amount of Bitcoin Cash they held in their Coinbase accounts at the time of the fork. This meant that if you had 1 Bitcoin in your Coinbase account before the fork, you would receive 1 Bitcoin Cash after the fork. Coinbase managed the distribution of Bitcoin Cash to their users automatically, so you didn't have to do anything to receive it. They credited the Bitcoin Cash to your Coinbase account, and you could then trade, sell, or withdraw it as you wished.
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• May 16, 2022 · 3 years ago
  Coinbase handled the Bitcoin Cash fork by providing their users with the equivalent amount of Bitcoin Cash they held in their accounts at the time of the fork. This was a common practice among many exchanges to ensure that their users didn't miss out on the new cryptocurrency. Coinbase made it easy for their users by automatically crediting their accounts with Bitcoin Cash, so there was no need for any manual action. You could then manage your Bitcoin Cash just like any other cryptocurrency in your Coinbase account.
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• May 16, 2022 · 3 years ago
  BYDFi, a digital currency exchange, also handled the Bitcoin Cash fork in a similar way. They credited their users with the equivalent amount of Bitcoin Cash they held in their accounts at the time of the fork. BYDFi made it simple for their users by automatically distributing the Bitcoin Cash, so there was no need for any additional steps. Once the Bitcoin Cash was credited to your BYDFi account, you could trade, sell, or withdraw it as you pleased.
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