Following statement has been issued by Coinbase with regards to the possible upcoming fork of the Bitcoin chain.
“We wanted to remind you that the upcoming Bitcoin Segwit2x fork is projected to take place on November 16 and will result in2 bitcoin blockchains.
In our effort to make Coinbase the most trusted, safe, and easy-to-use digital currency exchange, we are working to ensurewe maximize your benefit from this event. So, following the fork:
Any user storing Bitcoin on Coinbase at the time of the fork will be credited with an equal amount of the new Bitcoin2x asset on the Bitcoin2x blockchain.No action is required – we will automatically credit your account.If you have 5 Bitcoin stored on Coinbase before the fork, you will have 5 Bitcoin and 5 Bitcoin2x following the event.
Coinbase users will be able to trade both Bitcoin and Bitcoin2x shortly after the fork.
Coinbase will disable buys, sells, sends and receives for Bitcoin and Bitcoin2x approximately 24 hours before the fork. We will re-enable them following the fork once it’s safe to do so.
For a detailed timeline of events surrounding the fork please see ourblog postandFAQ. Thank you,
The best present you could give a friend or love one may be their first ever Bitcoin. Whether its £5 or £100 it could make a unique gift and introduce new people to a revolutionary technology.
There are many predictions being thrown around by so called “experts” on the potential future value increase of Bitcoin. Who knows you might make your friend or loved one rich in ten years. If not they will still hold a piece of history, the original invention of Blockchain and Cryptocurrency.
How to gift Bitcoin?
You may have your own crazy and original ideas for gifting Bitcoin but here are a few to get you started.
1. Simply Set them up a wallet on their phone or computer and send them some lovely Satoshi’s.
2. Use my easy to follow guide to make them a personalized paper bitcoin wallet, this way the recipient doesn’t need any technical knowledge This way its secure and can be kept safe for years to come. GUIDE HERE
3. Load up a Bitcoin hardware wallet like the one below, this way the wallet can be part of the gift but expect to pay £60-£90 before you even load any Bitcoin. BUY HERE