Trezor and Ledger Will Support Bitcoin Cash

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Trezor, a bitcoin wallet that seemingly supports other digital currencies like ethereum and Zcash, has today come out in support of Bitcoin Cash.

“We will provide an interface, accessible from Trezor Wallet, where you can access and safely claim your Bitcoin Cash coins. You will be prompted by Trezor Wallet once you select “Bitcoin Cash” in the currency selector. After this, you can use Bitcoin and Bitcoin Cash side by side,” Trezor said.

Their decision was taken after Bitcoin Cash implemented protection against replay attacks which now means “Trezor can support the currency safely,” they say.

Ledger Wallet came out in support of Bitcoin Cash even before replay protections were added, with their owner seemingly a strong supporter of Bitcoin Core, but to his credit, has been neutral in business judgments. Ledger says:

“If your Bitcoin funds are on a Ledger hardware wallet devices, you will automatically get an additional BCC balance (same amount than your BTC balance) after the activation of the fork. Our Chrome app will provide in time a BTC/BCC selector.”

Meanwhile, OKCoin International has clarified their attribution of Bitcoin Cash to traders that are on margin at the time of the fork.

“Borrowers would receive an quantity of BCC equvalent to their BTC balance withheld in the account, while BTC lenders would not be granted any BCC,” they say.

They will allow BCC withdrawals, but their position on BCC trading is unclear at this point. However, a new exchange launched by OKCoin, OKex, has stated they will list for trading any forkcoin to come out on August 1st.

That leaves only Coinbase and BitMEX, from prominent bitcoin businesses, to come out against Bitcoin Cash as both have stated their customers will not be allowed to withdraw BCC.

Something which has been suggested may amount to theft, so it is probable both may change their tune if Bitcoin Cash gains significant price support.

The current futures price of Bitcoin Cash

Which appears likely as the currency is currently traded at around $400-$500 on ViaBTC futures with considerable volumes of some $10 million in the past 24 hours, higher than bitcoin’s trading volumes in many exchanges.

That’s despite the future’s requirement for the BTC to be frozen until after August 1st to get your BCC now, something which may increase risk as bitcoin’s price is highly volatile.

But many appear willing to take the added risk in order to have their BCC, suggesting significant demand for bitcoin’s first chain-split currency that is to create its own network, with its own nodes and miners, in just four days.

 

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