Bitcoin Network Hardfork: August 1

NairaEx Bitcoin buy and sell order will be disabled on 31 July 2017 in preparation of the bitcoin network hard fork. Trading will be resume after August 1, 2017 when the network stabilizes.

On August 1, 2017, Bitcoin will hard-fork into two currencies (Bitcoin and Bitcoin Cash). Bitcoin holders will be credited with equal amount of bitcoin that they have during the hard fork. For example, 0.2 Bitcoin will result into 0.2 Bitcoin Cash. Bitcoin cash is currently trading around $417.28. NairaEx doesn’t plan support for Bitcoin cash and Naira trading but this could change.

Keep all your bitcoins on private keys that you control. Do not store them at exchanges or online wallets where you do not control the private keys.
Do not send or receive bitcoins starting on July 31.
Wait for the hard fork event to be over before returning to normal Bitcoin use.

Please check our Twitter feed, Facebook page and website for the latest news, updates and developments.

NairaEx Team

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BTC Nigeria Editorial