Bitcoin Cash will be temporarily removed as a payment method in anticipation of a new hard fork taking place on November 15th
What is a Hard Fork?
A hard fork means that the BCH network will be split into two chains, each following their own protocol. As a result of the split, these new chains will not have ‘replay protection’ meaning that transactions performed on one version can be maliciously replicated on the other.
The BCH network will need time to settle and reach consensus and once this happens, we will notify you that BCH is once again available on site.
What Do I Need to Know?
• Your Ignition account, and any previous deposits made with BCH are safe.
• Any pending withdrawal requests that remain in the system after the removal of the option will be processed and sent.
• If you currently hold any BCH funds, we strongly recommend NOT performing any transactions with BCH at least one day before the hard fork (Nov. 15th) and until the network settles.
• Until the network settles, keep your BCH in your wallet where you control your private keys (backed up with a 12 or 24 word mnemonic phrase)
What methods can I use in the meantime?
To ensure you don’t miss out on any action, we’d recommend using Bitcoin (BTC) until BCH is available once again.
For any further updates, including when BCH will be available once again, please check back here for updates.