CoinJar Support

Bitcoin Gold

Adrian (Melbourne) -

What is Bitcoin Gold?

On October 25, 2017 the Bitcoin network underwent a chain split, resulting in the creation of a new Bitcoin fork and an alternative cryptocurrency known as Bitcoin Gold (BTG). Anyone who controlled the private keys of any Bitcoin amount on this date, were eligible to "split" that Bitcoin balance and receive the same amount of Bitcoin Gold. 

The creation of Bitcoin Gold has not affected Bitcoin balances within CoinJar accounts. Funds stored in Cash Accounts, Hedged Accounts, or on CoinJar Swipe are not influenced by blockchain events. 

 

CoinJar's Bitcoin Gold Support

Generally speaking, Bitcoin Gold is not supported as an additional currency on the CoinJar platform. CoinJar is not responsible for access to each fork following a chain split, or any additional tokens created. Our primary focus is to ensure value held in Bitcoin is kept as secure as possible, and we will continue to monitor such events closely. 

 

Receiving Bitcoin Gold

If CoinJar members wished to guarantee access to Bitcoin Gold, we strongly encouraged them to withdraw their Bitcoin funds from CoinJar to a privately hosted bitcoin wallet before block 491,407. This allowed them to control the split themselves, echoing our advice leading up to the previous 'Bitcoin Cash' blockchain event. 

 

Future Bitcoin Gold Claim

It's possible that a Bitcoin Gold claim may be offered in the future, however if CoinJar determines that splitting Bitcoin Gold is not technically feasible, or may pose risk to customers' Bitcoin, we will not proceed with the split and no claims will be offered or accepted. This review period may take up to 8 weeks after the chain split. Bitcoin balances at the time of the split must be of at least 0.1 Bitcoin in order to be eligible for any potential Bitcoin Gold claim. 

From here, CoinJar will not split any Bitcoin Gold tokens unless first offering eligible CoinJar members to claim their Bitcoin Gold. 

 

Updated: 27 Oct 2017 (AS)

Reviewed: 27 Oct 2017 (AS)


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