In order to restore safe and secure BCH payment processing and to reduce the risk of wallet customers losing BCH funds due to replay attacks , we are planning to temporarily suspend BCH transactions for all payment processing — effective November 13th, at 1pm ET — prior to the scheduled fork. We will resume payment processing for BCH after there is consensus reached on the network.
BCH settlements and refunds will also be disabled and will resume when payment processing is turned back on. Since the BitPay and Copay wallets are true non-custodial wallets, you own your private keys. Your funds are secure and safe as long as they remain in your wallet.
Once we restore service, you will be able to continue sending and receiving BCH on the chain we consider most secure. It should be noted if there are two viable BCH chains remaining after the scheduled fork, it will be possible for wallet users to access coins from both chains at a later date with additional software. You have the option of importing your private key into a wallet which does support any new chain, should you wish to claim new coins that are created.
BitPay does not have a plan at the moment to provide tools to access the coins in the minority chain. If you use the BitPay wallet or another BCH-enabled wallet, we strongly advise against sending transactions during the time of the fork. BCH transactions will be at increased risk of replay attacks and loss of funds. BCH funds you hold in your own wallet will not be at risk. BitPay will closely monitor network conditions until consensus is met. All Circle Pay customers should cash out their funds today.
As previously announced, Circle will support and distribute Bitcoin Cash and Bitcoin SV holdings to eligible customers who held a Bitcoin balance with Circle Pay prior to the date of the Bitcoin Cash fork, August 1st, Eligible customers in good standing will be able to withdraw both their Bitcoin Cash and Bitcoin SV by the end of September.
We will reach out to customers when distributions are available to be withdrawn. Circle blog Circle to sunset payment app, continue advancing vision of crypto-based payment solutions using fiat tokens. Team Circle October 1, Subscribe to our blog Get Circle updates right in your inbox.