With just 10 days remaining until the Bitcoin Cash (BCH) network's scheduled hard fork on November 15, the cryptocurrency community is bracing for potential network division. This upgrade features competing proposals from two BCH client teams—Bitcoin ABC and Bitcoin SV—each advocating distinct consensus mechanism changes.
Key Players Reveal Hard Fork Strategies
As debates over upgrade proposals intensify, major exchanges and wallet providers have begun disclosing contingency plans to address the impending protocol changes:
Binance and Coinbase Take Proactive Measures
- Binance confirmed support for the hard fork, announcing a balance snapshot at UNIX timestamp 1542300000 (November 15, 4:40 PM UTC). The platform will suspend BCH deposits/withdrawals starting 3:00 PM UTC that day.
- Coinbase pledged alignment with Bitcoincash.org's roadmap, temporarily halting BCH trading approximately one hour pre-fork. The exchange guaranteed user access to funds across all viable post-fork chains.
Other Major Platforms Join the Preparation
- Poloniex will capture BCH balance snapshots pre-fork while suspending trading services until network stabilization.
- KuCoin plans to support Bitcoin ABC's roadmap, pausing BCH transactions at November 15, 23:00 UTC+8.
Wallet Providers Outline Critical Safeguards
Hardware and software wallet companies are implementing protective measures:
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- Trezor will run Bitcoin ABC clients but warns users must manually split coins across potential new chains using Electron Cash.
- Cointext maintains full functionality through nodes running both Bitcoin ABC and Bitcoin Unlimited.
- Centbee emphasizes user control of private keys, minimizing fork impact while supporting Bitcoin SV nodes.
Emerging Ecosystem Support
Additional infrastructure providers are declaring positions:
- Cashpay Solutions reportedly backs Bitcoin SV nodes (per CoinDance data)
- Bitz exchange confirmed fork support without specifying roadmap alignment
- Developer Ryan X Charles recommends providers support all viable post-fork chains
FAQ: Bitcoin Cash Hard Fork Essentials
Q: When will the BCH hard fork occur?
A: The upgrade is scheduled for November 15, 2025, at block height 661,647.
Q: How should users prepare their BCH holdings?
A: Move funds to wallets where you control private keys before the fork. Consider splitting coins across chains post-fork.
Q: Which exchanges support the fork?
A: Major platforms including Binance, Coinbase, and Poloniex have announced support with temporary service suspensions.
Q: Will there be new coins created?
A: If network division occurs, separate coins may emerge based on different consensus rules.
Q: How long might service disruptions last?
A: Most providers estimate 1-24 hours of suspended services during network stabilization.
Q: Where can I track real-time fork developments?
A: Monitor official client GitHub repositories and cryptocurrency news aggregators.
👉 Stay updated on fork developments with real-time tracking
Conclusion: Navigating the Fork with Confidence
This coordinated response from BCH infrastructure providers demonstrates the cryptocurrency ecosystem's maturity in handling protocol upgrades. Users should:
- Verify their exchange/wallet provider's fork policies
- Secure private keys for self-custodied funds
- Monitor official communication channels for updates
As the fork approaches, additional clarifications from service providers are expected. The cryptocurrency community remains watchful for this significant network event that could reshape Bitcoin Cash's future trajectory.