Tag Archives: gemini

The upcoming Segwit2x situation

Get ready, prepare your bitcoins! Make sure you’re storing them on a Segwit2x supportive exchange, Ledger Nano or Trezor.

I was going to research the exchanges and make an informative compiliation but it looks like BitcoinMagazine has beat me to it, luckily! haha. If your exchanges are these:
Bitfinex, Bitmex (awesome stance on s2x), Bitstamp, GDAX (Coinbase), Bitflyer, Kraken, HitBTC, Bitcoin.de, CoinsBank, Cex.io, itBit, Gemini (Winklevoss’ exchange), Coinfloor, BTCC (Chinese), BitMarket, QuadrigaCX (Canada), Mercado Bitcoin (Brazil & Argentina), Bitso, The Rock Trading, & EXMO … then check the detailed descriptioins of those on BTCmag here.

Others that have not made statements yet about the upcoming segwit2x (B2x) UAHF are: Mercatox, OKcoin, & Binance.

But also make sure to check your exchanges own blog or announcements pages so you can hear it from the horse’s own mouth.

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Bitcoin Gold and exchanges that support it

List of Bitcoin exchanges and wallets with information about supporting Bitcoin Gold

Bitfinex is supporting BTG and has already credited Bitcoin holders with our BTG. Post is here.

Bittrex supprting, but deposits closed already. Their post here.

HitBTC supporting both Bitcoin Gold and Segwit2x. Their post here.

Bitstar has announced their support for BTG on their announcement post here.

Coinbase info from their blog post

Poloniex might distribute BTG depending on the replay protection fix, they posted today about it here.

Cex.io will split the coins and distribute to their users after the fork. See blog post here.

Gemini no statement about it yet

Mercatox no statement yet

Wex no statement about BTG yet

Bitmex no statement about BTG yet, only mention of Segwit2x on their blog here.

Trezor just released information about them supporting Bitcoin Cash on their blog here.

Ledger Nano S no statement about it yet, but there are reports that as long as your BTC are stored in “legacy” or “segwit” wallets then once replay protection is setup for BTG then you’ll be able to redeem your BTG tokens.

Mtgox is not supporting Bitcoin Gold

and a lil bit of Jimmy Song’s views and you can read more about BTG and their development team at their website https://btcgpu.org

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Withdraw Bitcoin Cash from your Gemini account

Great work Gemini!

Today we received notification from Gemini that they’re allowing a 1-time opportunity to withdraw all of your Bitcoin Cash (BCH) to an address of your choosing. They mention the withdrawel would be completed within 5 business days of your request.

Their email:

Bitcoin Cash (BCH) Withdrawals Are Now Available!

A little over a month ago we published an announcement regarding our ongoing engineering efforts to allow withdrawal of bitcoin cash (BCH) for customers who had bitcoin balances at the time of the chain split.

We are pleased to announce that as of Saturday, October 7, 2017, Gemini will allow all customers to view their BCH balance and request a withdrawal via the BCH withdrawal request page. If you choose to request a BCH withdrawal, your entire BCH balance will be transferred to your chosen withdrawal address.

BCH requests are not sent onto the blockchain immediately. The first time we will process all submitted BCH withdrawal requests will be Wednesday, October 11 at 1pm EDT. After that point, requests will be honored within 5 business days from the time of your request. Example: If you request on Saturday, October 21, 2017, your transfer will be executed on or by Friday, October 27, 2017.

Although we do not currently have plans to open order books for BCH trading, we will continue to update our customers as the BCH situation evolves further.

Thank you for your patience and understanding throughout the implementation of this withdrawal feature. If you have any questions, please contact us.

Onward and Upward!

Team Gemini

I withdrew mine ASAP, after withdraw they post this message:

We have received your instructions to send your entire Bitcoin Cash (BCH) balance of XX.XXXXXXXX BCH to >>>>>>>MYADDRESS<<<<<<<<.
The withdrawal should be processed within five business days.

Your balance is calculated based on your Bitcoin (BTC) balance at the “Hard Fork”.

If you have any concerns, please contact Gemini Customer Support.

You can read more about this on their announcements blog here.

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UPDATE about Gemini and Bitcoin Cash (good news)

Great news! August 23rd Gemini posted on their blog about probably allowing for Gemini users to withdraw their BCH within a few weeks. Great to hear about this Gemini & Cameron Winklevoss 🙂

We have been receiving a few questions regarding the custody of our customer’s Bitcoin Cash. Because of Gemini’s fiduciary obligations under the New York Banking Law, which we take very seriously, we are going to great lengths to ensure all of our customers’ assets on a forked blockchain, like “Bitcoin Cash,” are preserved. Under no circumstances will we capture those funds for our own use. Instead, as stated in our August 3rd blog post, we are focusing our engineering resources on (i) ensuring that our customers’ funds are secure and not susceptible to theft (e.g., replay attacks), and (ii) building a withdrawal mechanism.

In the coming weeks, we will open a facility to allow customers to withdraw (probably on an all-or-none basis) their BCC balances to an off-platform address of their choosing. This is conceptually what we did for the ETH/ETC fork as well, which you can read about in a previous post.

Read more about that on their announcement page here.

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No Gemini follow up about Bitcoin Cash

gemini-bitcoin-cash-nothing

Some of us bitcoin holders held bitcoin in Gemini exchange during the Aug 1 fork, we knew Gemini was not supporting Bitcoin Cash, but after the fork and BCH/BCC become quite a valueable coin 99% of non supportive exchanges have since announced they will distribute Bitcoin Cash for their users, some have immediately (Poloniex, Cex, etc), some announced they’ll be distributing later, like Coinbase announced they’ll be distributing in January 2018.

Surely every non-supporting exchange had pressure from users, hoping and requesting they get BCH, Gemini ended up posting this on Aug 3 addressing the BCH forking issue on their blog:

Since the “hard fork” on August 1st, 2017, we have been monitoring the situation closely. Currently, Gemini does not support trading or withdrawals of the newly forked chain (BCC / BCH / BCash). As we first wrote on March 20th, 2017, and later updated on July 26, 2017, we will make every effort to support withdrawals for the chain with less total difficulty (in this case BCC). As a result, we are currently working on a technical implementation for a one-time withdrawal of BCC for our customers. With that said, any modifications we make to our digital asset storage system (including support for a one-time withdrawal), are made with extreme caution and require extensive security review to ensure the integrity of our customers’ assets. We appreciate your patience and understanding as we take the next few weeks to build this functionality in a safe, secure, and responsible manner. We will post material updates when we have them. If you have any questions, please contact Gemini customer support at support@gemini.com.

So it seems like good news, but after emailing them at their above support email, asking for an update on this situation, they responded with this generic response:

Thank you for reaching out. Currently, Gemini does not support trading or withdrawals of the newly forked chain (BCC / BCH / BCash). We have been monitoring the “hard fork” situation closely and are currently working on a technical implementation for a one-time withdrawal of BCC for our customers.

Any modifications we make to our digital asset storage system (including support for a one-time withdrawal), are made with extreme caution and require extensive security review to ensure the integrity of our customers’ assets. We appreciate your patience and understanding as we take the next few weeks to build this functionality in a safe, secure, and responsible manner.

Material updates will be posted on our blog here: https://gemini.com/blog/update-bitcoin-hard-fork-bitcoin-cash/. Please let us know if you have additional questions.

It’s actually copy and pasted from their blog. 🙁

Gemini! It’s August 21! Can you please update us, many of us have been loyal customers and would appreciate an update on this situation.

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SEC decision on Winklevoss ETF is today!

The SEC is going to make their decision to approve or deny the Winklevoss ETF (exchange-traded fund) today.

Place your bets! Do you think they will approve, or deny?

SEC-approval-onehash

Winklevoss’s own the Bitcoin exchange called Gemini, NASDAQ: COIN.

Good luck to them, and to bitcoin for this monumental event!

EDIT: The SEC did not approve the ETF 🙁

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Bitcoin price soars to $500 today!

Are you also sitting on the edge of your seat watching the Bitcoinity live chart going haywire all day, everyday for the last few days? The bitcoin price soaring from $237 a month ago up to $500 today’s maximum price (so far).

rise bitcoin RISE!

rise bitcoin RISE!

Now, lets speculate why this is happening? What are your opinions? (please comment your thoughts)

Is it:

USAA integrating bitcoin balance for their banking customers??
Blockchain tech featured in The Economist magazine (or blockchain technology in general)
The Winklevoss’s launch of trading platform Gemini.com
Worldpay quietly supporting Bitcoin and Blockchain
Something happening in CHINA?

Maybe just a mix of them all, or some secret undercover shit that is way over our heads? Other ideas?

Would love to hear your thoughts!

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Coinbase fees too high?

Bitstamp with 0.5% fee and then there’s Coinbase with 1% fee, I was wondering, why is this so high? and is this fair? I love bitcoin but really for an exchange to be taking 1% on all sells and all buys is just ridiculous imo. I love you Coinbase, love you bitcoin, but this really should be updated to a more fair amount.

The Winklevoss brothers are launching Gemini but it seems they have not yet released their fee amount. I emailed them already:

Hi, i’d like to know what kind of fees will Gemini have per transaction?
Coinbase has 1%, Bitstamp 0.5%
Where will you guys be at? I’m very interested, i’d love to see something lower than 1%, that is insane imo
Thank you

from TalkBitcoins.com

I am not the only one who thinks this way, here’s a thread on Reddit about it ->

I love you coinbase, and love your easy to use platform, but really, why the high fees?

UPDATE (Oct 18, 2015): Gemini replied that they have only 0.25% transaction fees! 🙂






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