Bitcoin Cash (BCH) will be undergoing a network protocol upgrade on November 15, 2020 at approximately 14:00 PM SAST (12:00 PM UTC).
In connection to the protocol upgrade, there has been a proposed chain-split between the two main BCH clients, Bitcoin Cash ABC (BCHA) and Bitcoin Cash Node (BCHN), making this a hard fork that may result in a chain split and additional token.
VALR will plan to support the chain with the most mining pool support as “Bitcoin Cash” with the BCH ticker. At the time of posting, the BCHN client has the majority of mining pool support.
VALR will take the following steps in preparation for the BCH fork:
- BCH wallets will be closed for deposit and withdrawal on November 14 at 10:00 PM SAST (8:00 PM UTC)
- A snapshot will be taken of user balances at the time of the fork – November 15 at approximately 14:00 PM SAST (12:00 PM UTC)
- The BCH wallet will remain closed until the hard fork is complete and it is deemed safe to open. Trading will remain active during this time.
We will not recover incorrectly made cross-chain deposits under any circumstance due to the lack of replay protection.
To review our policy on forks, airdrops and promos go to: