--- title: "Update: itBit’s protocol for the upcoming Bitcoin Cash hard fork" description: itBit will not support the trading of Bitcoin Cash - see our policies regarding the hard fork proposed to occur on August 1 2017. image: https://insights.paxos.com/hubfs/_itBit_Blog_assets/Blog_Headers/Hard-Fork-Blog.png --- [![itBit](https://insights.paxos.com/hubfs/itBit-Careers-Square.svg)](https://www.itbit.com/) [![itBit](https://insights.paxos.com/hubfs/itBit-Careers-Long.svg)](https://www.itbit.com/) [OPEN TRADING ACCOUNT](https://exchange.itbit.com/signup) [SUPPORT](https://www.itbit.com/contactus) [LOGIN](https://exchange.itbit.com/login) - [Exchange](https://www.itbit.com/exchange) - [OTC Trading](https://www.itbit.com/otc) - [Market Data](https://exchange.itbit.com/markets) - [Blog](https://www.itbit.com/blog) - [Exchange](https://www.itbit.com/exchange) - [OTC Trading](https://www.itbit.com/otc) - [Market Data](https://exchange.itbit.com/markets) - [Blog](https://www.itbit.com/blog) # [ITBIT TRADING BLOG](https://www.itbit.com/blog) ## Update: itBit’s protocol for the upcoming Bitcoin Cash hard fork July 26, 2017 at 1:40 PM | [itBit](https://insights.paxos.com/blog/author/itbit) ![Hard-Fork-Blog.png](https://insights.paxos.com/hs-fs/hubfs/_itBit_Blog_assets/Blog_Headers/Hard-Fork-Blog.png?width=759&height=304&name=Hard-Fork-Blog.png)   There is a proposal for a User Activated Hard Fork (UAHF) to increase the size of Bitcoin blocks that will effectively create a new coin called Bitcoin Cash on August 1, 2017 at 12:20 UTC. (More information about Bitcoin Cash can be found [here](https://medium.com/@jimmysong/bitcoin-cash-what-you-need-to-know-c25df28995cf) - an explanation written by one of our blockchain engineers, Jimmy Song.) itBit will not support the trading of Bitcoin Cash. If customers want to access Bitcoin Cash immediately following the fork, they should withdraw their Bitcoin to an external wallet address on or before July 31, according to standard [cutoffs](https://support.itbit.com/customer/en/portal/articles/2019161-bitcoin-fiat-withdrawal-processing-schedule). If customers leave Bitcoin on itBit, their Bitcoin Cash will not be immediately available for withdrawal. However, customers will continue to be able to withdraw and trade Bitcoin. **From August 1 at 00:01 UTC to August 2 00:01, the day of the proposed fork, we will be undergoing the following safety precautions:** - **We will not process any fiat or Bitcoin withdrawals** - **We will not be accepting Bitcoin deposits** All fiat and Bitcoin withdrawals must be made on July 31 by our standard [cutoffs](https://support.itbit.com/customer/en/portal/articles/2019161-bitcoin-fiat-withdrawal-processing-schedule) to be processed before the fork. Fiat deposits may be made through our standard procedure. Withdrawal limits for customers with two factor authentication will be increased through July 31, 2017. Any customer that doesn’t have two factor authentication should [enable](https://support.itbit.com/customer/en/portal/articles/1660161-how-to-add-a-security-or-2fa-device-) that feature to be able to withdraw above the normal limits during this time. In addition, **Bitcoin trading will be halted from August 1 10:20 UTC to 14:20 UTC.** During this time, customers will not be able to cancel trades. There may be significant changes to the price of Bitcoin, so as a precaution we advise customers to adjust or cancel open orders in advance. We plan to resume normal operations on August 2 00:01 UTC. However, we will notify all customers by email if there are any updates to the timing. Going forward, we will work to support withdrawals on forked Bitcoin blockchains, including Bitcoin Cash, for customers with balances at the time of a fork. However, we always prioritize the security of our customers’ holdings and will develop appropriate procedures before implementation. ### Bitcoin Trading Research Delivered to your Inbox ### Categories ### Subscribe to itBit Blog **Products** [itBit Exchange](https://www.itbit.com/exchange) [OTC Trading](https://www.itbit.com/otc) [Custody Services](https://www.itbit.com/custody) [Escrow Services](https://www.itbit.com/escrow) **Resources** [Market Data](https://exchange.itbit.com/markets) [Support Center](https://help.paxos.com) [API](https://www.itbit.com/api) [itBit Blog](https://www.itbit.com/blog) [Fees](https://www.itbit.com/fees) **Company** [About itBit](https://www.itbit.com/about-itbit) [Press](https://www.itbit.com/h/press) [Careers](https://www.itbit.com/h/careers) [Customer Support](https://www.itbit.com/contactus) [Legal](https://www.itbit.com/legal) **Crypto Assets** [Bitcoin](https://www.itbit.com/bitcoin) [Ethereum](https://www.itbit.com/ethereum) [Bitcoin Cash](https://www.itbit.com/bitcoincash) [Litecoin](https://www.itbit.com/litecoin) [Stellar Lumens](https://www.itbit.com/stellar-lumens) - [![](https://insights.paxos.com/hs-fs/hubfs/_00_PAXOS/Medium%20Updated.png?width=28&height=28&name=Medium%20Updated.png)](https://medium.com/paxos/itbit/home) - [![](https://insights.paxos.com/hs-fs/file-2672941852-svg/_itBit_Social_Icons/twitter-02.svg)](https://twitter.com/itBit) - [![](https://insights.paxos.com/hs-fs/file-2654911471-svg/_itBit_Social_Icons/linkedin-04.svg)](https://www.linkedin.com/company/itbit-pte-ltd) Copyright © 2020 Paxos Trust Company, LLC. All Rights Reserved. NMLS #1766787 Crypto asset trading involves a high degree of risk. The crypto asset market is new and unproven and may not grow. Currently, there is relatively small use of crypto assets in the retail and commercial marketplace in comparison to relatively large use by speculators, thus contributing to price volatility that could adversely affect an investment in crypto assets. In order to participate in the trading of crypto assets, you should be capable of evaluating the merits and risks of the investment and be able to bear the economic risk of losing your entire investment. No material at this site should be considered as an offer by itBit to sell or solicitation by itBit of any offer to buy bitcoin or other crypto assets.