Kraken Enables Bitcoin Cash (BCH) Deposits and Withdrawals

Bitcoin Cash (BCH) deposits and withdrawals are now online – read on for important details!

How many confirmations are required for deposits?

• 20 confirmations required before BCH deposits are credited

We may lower the required number of confirmations in the coming weeks if the BCH network grows and more miners join the network.

A word of caution about BCH transfers
The BCH network may remain potentially vulnerable for several weeks or more. Clients should take this elevated risk into account when transferring funds. In the event that a deposit is invalidated on the network after the funds are credited to a Kraken account, the amount of the deposit will be debited from the account. If this results in a negative BCH balance withdrawals will be locked until the balance is corrected (by either depositing or buying BCH).

Make sure you only deposit BCH to BCH-specific deposit addresses
Remember that Kraken has asset-specific deposit addresses and any funds sent to an address that isn’t specific to the asset will not be credited. Bitcoin Cash (BCH) deposits should only go to BCH-specific deposit addresses, and regular Bitcoin (XBT) deposits should only go to XBT-specific addresses. Any BCH sent to a XBT deposit address will not be credited and any XBT sent to a BCH deposit address will not be credited.