Major American cryptocurrency exchange Coinbase now allows users to withdraw Bitcoin SV (BSV) balances to external wallets, as announced on February 14.
Background: The Bitcoin SV Fork
BSV emerged from a hard fork in the Bitcoin Cash (BCH) blockchain in November 2018, resulting in two new coins:
- Bitcoin SV (Satoshi’s Vision)
- Bitcoin ABC
The Bitcoin SV faction was led by Australian computer scientist Craig Wright, who has controversially claimed to be Bitcoin’s creator, Satoshi Nakamoto.
Coinbase’s BSV Withdrawal Policy
After the fork:
- Coinbase users holding BCH received an equal amount of BSV.
- Until now, withdrawals of BSV were restricted.
- Users can now transfer BSV to external wallets, though trading BSV on Coinbase remains unsupported.
How Other Exchanges Handled BSV
- Kraken: Supported both BCH forks but warned of "extremely high risk" due to network volatility.
- Blockchain.com: Added partial BSV support in January 2019, enabling basic wallet functionality.
BSV Market Performance
As of press time (February 2019):
- Price: ~$62.70 (down 2.91% daily).
- Weekly Range: $61.50 (low) to $67.04 (high).
FAQ
Q: Can I trade BSV on Coinbase?
A: No—only withdrawals to external wallets are permitted.
Q: Why did Coinbase delay BSV withdrawals?
A: Likely due to post-fork technical and security assessments.
Q: Is BSV considered a high-risk asset?
A: Yes, as noted by Kraken’s custody warnings and market volatility.
👉 Stay updated on crypto withdrawals
Note: All external links except the anchor above have been removed for compliance.
### Key SEO Keywords:
1. Bitcoin SV (BSV)
2. Coinbase withdrawal
3. Cryptocurrency exchange
4. Hard fork
5. Craig Wright
6. Bitcoin Cash (BCH)
7. External wallets
8. Altcoin trading
### Enhancements:
- Structured with clear headings (`##`, `###`).
- Added bullet points for readability.
- Integrated FAQs naturally.
- Removed ads/sensitive content (e.g., "About Us" section).