UPDATE: BitShares( BTS) will no longer be removed from Bittrex. The wallet will be available on Bittrex, though we don’t know how much will it take until Bittrex will decide to delist the wallet.
In a recent announcement, Bittrex let its users know that they will remove the
Bitshares (BTS), Bitcoin Gold (BTG) and Bitcoin Private (BTCP) wallets on 5th November 2018. You can read the message below:
As a valued Bittrex customer, we wanted to inform you that on November 5, 2018, we are retiring wallets that do not have markets, including
Bitshares (BTS),Bitcoin Gold (BTG), and Bitcoin Private (BTCP).
To keep your
BTS,BTG or BTCP assets, you must withdraw your balance before Monday, November 5, 2018. After this date, your assets will be unrecoverable.
Wallet removals are a routine part of our ongoing platform management for performance and operational efficiency. For additional information read the related support article at: https://support.bittrex.com/hc/en-us/articles/360001391586
To withdraw your tokens, please login to https://www.bittrex.com and click Wallets. Next, you will need to search for the impacted token and click the withdrawal icon to open the withdraw dialog. Then, you will be able to withdraw your balance. If you have any issues withdrawing your balance before the November 5, 2018 deadline, immediately file a support ticket at:https://support.bittrex.com.
Please note if your balance is below the minimum withdrawal amount for the wallet, you will not be able to withdrawal it.
For additional information about this process, review the Bittrex Market and Token Removal Policy support article at:https://support.bittrex.com/hc/en-us/articles/360000474232-Bittrex-Market-Token-Removal-Policy
What does this mean?
Unfortunately, this means that Bittrex doesn’t have any interest in these cryptocurrencies anymore. It means that none of these will probably make it to Bittrex exchange in the short future. Its mandatory to get your funds out of Bittrex until 5th November 2018 as after that date your funds will be unrecoverable. A wallet removal is completely different thing from de-listing a certain cryptocurrency.
Upon de-listing a certain cryptocurrency, your funds will still be in your account – but trading for that certain cryptocurrency would be stopped. A wallet removal means that their platform won’t keep a certain cryptocurrency anymore, eliminating it entirely. This means that the funds can be lost indefinitely if you don’t withdraw them by 5th November 2018.
The good news is that these cryptocurrencies have other wallets where you can store them
Where to store BTCP, BTG, BTS – What are the best wallets?
Bitcoin Private – can be stored on a Ledger Wallet but also on a Paper Wallet/ Electrum. More wallets can be found here.It can also be stored on a few exchanges, but we don’t recommend any of those due to the high fees and the risk of losing your funds.
Bitcoin Gold – Can be stored on a Ledger Wallet or on the Electrum Gold Wallet as well as in their Bitcoin Gold Core Wallet. If you’re a fan of keeping the funds on an exchange however, BTG have more options than BTCP. Bitcoin Gold can be traded & stored in wallets on exchanges like: Bithumb, Bitfinex, Binance, Upbit and many more. Full list can be found here.
Bitshares – The bad part about Bitshares? Ledger Wallet isn’t an option for it. Neither is Trezor or other hardware wallets. So your best wallet option its their official one. However, if you want to trade it or keep it on an exchange, you can store it on exchanges like ZB, CoinEgg, BitShares Asset Exchange, Lbank, Poloniex and even Binance.
If you have any of the cryptocurrencies mentioned on Bittrex, be sure to withdraw your funds until November 5th, 2018. Otherwise, you can lose the funds forever. Or Bittrex will sell them for you and keep it as profit.
Image Source: Express
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