BSV 'Bitcoin SV' Now Fully Supported By Coinbase.

BSV 'Bitcoin SV' Now Fully Supported By Coinbase.

2019-02-15 | Robin Williams

BSV 'Bitcoin SV' Now Fully Supported By Coinbase.

In line with an official 'announcement' published, renowned American cryptocurrency exchange namely ‘Coinbase’, now also permits its users to withdraw BSV [Bitcoin SV] balances to their external wallets.

BSV was formed after the hard fork of the Bitcoin Cash [BCH] blockchain, earlier in the month of Nov. last year. The fork resulted in two new coins; namely Bitcoin SV and Bitcoin ABC. The camp for BSV [Bitcoin SV](Satoshi’s Vision) was lead by Australian computer scientist named ‘Craig Wright', who has antecedently also declared himself to be the creator of Bitcoin [BTC] known by the name of Satoshi Nakamoto.

After the 'hard fork', Coinbase exchange users holding BCH received an equal proportion of Bitcoin SV, but the exchange has, until now, not provided a choice for users to withdraw their BSV. From Now, Coinbase consumers would able to send their Bitcoin SV balance to their external wallet’s. Coinbase announced in its today’s announcement that it still doesn't provide any services for purchasing or selling Bitcoin SV on its platforms.

Following the hard fork, U.S.-based cryptocurrency exchange named ‘Kraken’ began supporting both forks of Bitcoin Cash [BCH], whereas warning that “custodial losses taken on due to the attacks originating from nChain or its affiliates would be socialised among all BSV holders on Kraken. Given the volatile state of the network and threats that have been made, Kraken can’t gurantee fair custody of 'BSV'.

Earlier in January, cryptocurrency statistics and wallet supplier 'declared' it had launched partial support for 'Bitcoin SV', permitting its consumers have similar options with BSV like its four other hosted cryptocurrencies along with Bitcoin [BTC], Bitcoin Cash [BCH], Ethereum [ETH] and Stellar [XLM].

In line with the 'market statistics' by CoinMarketCap, BSV has seen slight losses on the day, decreasing by 0.78% and is presently trading at a price around $62.95 USD at the reporting time. On its weekly chart, the altcoin saw its lowest price at around $61.50 USD on 8th Feb., and a high of $67.04 USD on 8th Feb. as well.

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