Poloniex to Enable BCHABC & BCHSV Deposits / Withdrawals

The management of the exchange warned users that due to the instability of the networks for crediting new assets, many confirmations are needed
22 November 2018   274

The cryptocurrency exchange Poloniex has opened depositing and withdrawing for BCHABC and BCHSV.

The management of the exchange warned users that due to the instability of the networks for crediting new assets, many confirmations are needed: 30 for BCHABC (about five hours) and 144 for BCHSV (approximately 24 hours).

These assets will be traded in pairs with the stablecoin USDC without any fees until the end of this month.

Also, commission-free trading in XRP / USDC, XMR / USDC, STR / USDC, DOGE / USDC, LTC / USDC and ZEC / USDC pairs is still available until November 30.

Week before hardfork it was known that Poloniex would support both Bitcoin Cash chains.

Poloniex to Require 2k Confirmations for BTN Transactions

The exchange hadn't warn users on the new temporarily requirements
13 November 2018   265

Due to the instability of the Bytecoin network, the Poloniex exchange temporarily requires 2000 confirmations to carry out this cryptocurrency transactions. It was reported by the CCN reporter, who tried to transfer funds to the exchange in order to convert into BCHABC and BCHSV tokens, which appeared in the listing on the eve of the sensational hardfork in the Bitcoin Cash network.

In the Bytecoin network, a standard number of confirmations is considered to be 10. This already exceeds the performance of most digital assets.

After waiting 10 hours, the reporter contacted to technical support and received confirmation that the exchange, without informing its users, introduced significant restrictions for Bytecoin holders. Taking into account that Bitcoin Cash hardfork will take place on November 15, and the deposit may take up to 3.5 days, now the user may not have time to carry out his original plan.