Why is there Bitcoin Cash in my Coinbase account?

5 answers

• Dec 28, 2021 · 3 years ago
  It's possible that you received Bitcoin Cash as a result of a hard fork in the Bitcoin blockchain. When a hard fork occurs, a new cryptocurrency is created, and if you held Bitcoin at the time of the fork, you would also receive an equal amount of the new cryptocurrency. In this case, Bitcoin Cash is the result of a hard fork that occurred in August 2017. So, if you had Bitcoin in your Coinbase account before that date, you would have received an equivalent amount of Bitcoin Cash.
  485243
• Dec 28, 2021 · 3 years ago
  Coinbase supports multiple cryptocurrencies, including Bitcoin and Bitcoin Cash. It's not uncommon for users to have both Bitcoin and Bitcoin Cash in their Coinbase accounts. Coinbase allows you to buy, sell, and store various cryptocurrencies, so it's possible that you acquired Bitcoin Cash through a transaction or trade on the platform.
  340114
• Dec 28, 2021 · 3 years ago
  BYDFi, a popular digital currency exchange, also supports Bitcoin Cash. If you have an account with BYDFi and linked it to your Coinbase account, it's possible that the Bitcoin Cash in your Coinbase account is a result of a transfer or trade from BYDFi. Make sure to check your transaction history to see if there are any records of such transfers.
  34887
• Dec 28, 2021 · 3 years ago
  Don't worry, having Bitcoin Cash in your Coinbase account is not a mistake. Coinbase is a reputable and trusted cryptocurrency exchange that supports multiple cryptocurrencies, including Bitcoin Cash. If you have any concerns or questions about the presence of Bitcoin Cash in your account, you can reach out to Coinbase's customer support for assistance.
  35571
• Dec 28, 2021 · 3 years ago
  Hey there! It looks like you've got some Bitcoin Cash in your Coinbase account. No need to panic, this is actually quite common. Bitcoin Cash is a cryptocurrency that was created as a result of a hard fork from Bitcoin. If you had Bitcoin in your Coinbase account before the fork, you would have automatically received an equal amount of Bitcoin Cash. So, you're just seeing the result of that fork in your account. If you have any more questions, feel free to ask!
  46578