Support November 28, ; Updated; We offer a managed service, so once you have bought blockchain assets you may send, receive and store your assets on our exchange. We recommend . Support November 28, ; Updated; We offer a managed service, so once you have bought blockchain assets you may send, receive and store your assets on our exchange. We recommend . BTC Markets announces Caroline Bowler as CEO; NPP Withdrawals at BTC Markets ; Advanced Order Types; BTC Markets 17th Largest Exchange Globally; Tax Reporting Now Available; Bitcoin Cash .
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There can either be soft or hard forks. A hard fork is a change to the protocol of a blockchain network. However, as the outcome is still unknown, we cannot guarantee what fork of BCH your trades will ultimately relate to. BTC Markets makes cryptocurrency tax reporting simple. Consequently, the outcome of the fork is uncertain. This action is in-line with other major exchanges for this event. What is a fork? Forks may occur: Accidentally by miners. Two miners can discover a block at the same time.
Some parts of the blockchain register different information, which creates two chains. These forks can be identified and resolved quickly, so the network maintains stability. Intentionally by developers.
Developers make modifications to the source code to add new features, fix issues or change the underlying rules of the network.
These changes create a new blockchain that splits from the original network. What are the possible outcomes of this hard fork? Two chains emerge. One chain remains. What are BTC Markets doing? We believe cryptocurrency storage reserves should not be reliant upon a single entity, such as a bank, exchange or third party wallet management system. Security and privacy of our clients' accounts and data is our top priority. We run regular reconciliations of all our funds a minimum of once every 30 minutes to ensure we have a full reserve.
We also apply security best practices and are continually developing and enhancing our security measures. We use a cold wallet and hot wallet system to secure and manage our clients' cryptocurrency reserves. We maintain a full reserve and process reconciliations regularly. This gives us and our clients confidence that the funds shown in their accounts match with what is really in our bank and cold wallets. Our encrypted cold wallet storage is kept off-site in multiple locations.
Each location is both physically secure and physically diverse. Why must I verify my account? How do I enable additional security to help protect my account? How do I change the name listed in my account profile? How do I change my password? How do I change my email address? You can access this feature here.