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Bitcoin Exchange Remitano says “NO” to Bitcoin Gold hard fork

Remitano, Bitcoin exchange

Bitcoin exchange “Remitano” announced that it doesn’t support Bitcoin Gold (BTG) hard fork and said it’s customers to withdraw their Bitcoin (BTC) to a wallet that provides control to BTC private keys, if they wish to claim BTG.

Today, Bitcoin exchange “Remitano” announced that it doesn’t support Bitcoin Gold (BTG) hard fork and said it’s customers to withdraw their Bitcoin (BTC) before the fork, if they wish to claim Bitcoin Gold because they do not process the requests of BTG claims. And here’s what Remitano said in their recent email to it’s customers:

Recently there was news of a new Bitcoin Gold hard fork coming on block 491407. As a result of the fork, a new coin Bitcoin Gold will be introduced on top of the existing Bitcoin.

Currently at Remitano there is no plan to accept nor support Bitcoin Gold. We will only support Bitcoin exclusively. User who wish to claim his or her Bitcoin Gold please withdraw the coin prior to the fork (which happened on 12:40 October 24th, 2017 – UTC time).

After the fork, we won’t be processing request on providing Bitcoin Gold, so please take your action immediately.

To claim your Bitcoin Gold (for BTC you hold), The Bitcoin Gold (BTG) initial coin distribution method is exactly the same as that used by Bitcoin Cash (BCH). All Bitcoin holders who possess BTC private keys on the October 25 (block 491 407) will receive Bitcoin Gold on the rate of 1 BTC = 1 BTG (If you have 20 BTC you will receive 20 BTG). You need to control BTC private keys in order to make Bitcoin Gold transactions, stated by official BTG website.

Because, Remitano doesn’t provide it’s users with BTC private keys, which makes it impossible to claim Bitcoin Gold for those who hodl their Bitcoin in Remitano’s BTC wallet. Therefore, Hodlers may move their Bitcoin from Remitano to wallets like Bitcoin Core, Electrum, Mycelium, etc. to claim BTG.

(Writing by Damodar Kalyan, Reporting and Editing by Mohith Agadi)

1 BTC = $8002.05 USD
1 ETH = $403.78 USD
1 LTC = $73.17 USD

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