We are resuming deposits and withdrawals after the Bitcoin hard fork. Bitcoin network appears fast and smooth. We made snapshots, backups and audit of all bitcoin balances on our hot and cold wallets in case we eventually add BCH into our trading platform in the future.
It is very likely that on 1 August 2017 around 2:20 CET, the bitcoin network will be divided into two separate currencies. CoinMate will continue to support the current bitcoin, the bitcoin with the highest overall support across the community. Any second, “hardforked” branch i.e. so called Bitcoincash will not be supported at this time.
If you also want to deal with bitcoins in the other, “hardforked” network, you will need to withdraw bitcoins from our exchange into a bitcoin wallet that will allow you to transact bitcoins on both networks, or into a wallet that you hold private keys to. In such case make the withdrawal as soon as possible so that the payment can be confirmed in the new wallet no later than 1 August 2017.
At the same time, the BIP91 proposal has been activated. Under this agreement miners now reject blocks that do not signal Segwit. Due to the precautionary principle and the protection of our users, we will require 6 bitcoin confirmations for bitcoin deposits starting 28 July, 2017.
To ensure safety of bitcoin balance in your CoinMate account, we will disable bitcoin deposits and bitcoin withdrawals starting 1 August 2017 10am CET. We plan to resume bitcoin deposits and bitcoin withdrawals in the morning of 2 August 2017, if it is safe to do so. Trading will not be affected and will remain active throughout the whole time.
Dear Coinmate users, we will be performing server upgrades with high performance hardware today from 20:00 to 21:30 CET. Server upgrade was necessary to reduce recent timeout API problems. It will also speed up the response on our website.
As the price of bitcoin reached 1000 EUR this week, big slump to 880 EUR followed on Thursday as a reaction to news from China. Two major Chinese exchanges (Huobi and OKcoin) suspended bitcoin and litecoin withdrawals for one month, effective immediately. Officially this is due to money laundering precautions. Both exchanges are supposed to make upgrades to their AML procedures to combat illegal transactions, pyramid schemes and other illegal activities. Unofficially it could be a measure for capital controls as the Chinese government is trying to limit capital outflows from the country. Technical analysis shows continuous uptrend but buyers may get exhausted soon, which may send the price even lower. More on technical analysis can be found here: http://www.newsbtc.com/2017/02/09/bitcoin-price-technical-analysis-02092017-whats-up-with-that-sharp-drop/
So ahead of the slightly delayed (due to real life family holidays for the team) 1.2, which is in the final stages of testing. If you’re following us on Twitter @CoinMateBT we’ve put out some previews here and here. But in June, we ran a survey of traders using CoinMate.io that definitely will address some of the issues, wants and needs people have, as well as some great new ways such as “Sofort” to deposit funds into your CoinMate.io bitcoin exchange account quickly from European bank accounts.
Part of this survey was $50 in CoinMate.io vouchers, so this blog post outlines the winners. So after filtering out the bot responses, we had our list of eligible trader id’s. We stuck these into notepad, and put them into this handy tool, drawing our third prize winner, so CoinMate_3334 will be getting $10. We took that out of the list, and repeated the process, drawing Maple, who wins $15 and repeated the process a third time, which drew Goldux who gets $25.
We’d like to say a big thank you to everyone who responded, and you’ve given us a lot of honest feedback, which our development and support team will be factoring into the future of CoinMate.
We would like to inform our customers of a recent change, which has meant that with effect since 28th April, we have changed our bank account, so please update your saved payment records before sending your next deposit.
As part of this change, which includes further security authentication, we have had to (hopefully temporarily) introduce fees on our euro deposits and withdrawals.
Deposits now incur a minimum €10.00 fee, or 0.6% of the value of the deposit. We have also had to introduce a €1.00 withdrawal fee.
If you are a customer and have any queries, please get in touch via our support page.
This does not effect Koruna, Zloty or Bitcoin transactions