Okay, fine. They "gave customers a 10 day ultimatum, at which time they said they would forfeit the Bitcoin Cash because it's unsupported."
You can't do that. It doesn't matter if it's technically complicated to implement a disbursement system, it doesn't matter if anyone can decide to fork a cryptocurrency. A customer's asset cannot be denied to them (potentially, and as originally stated, into perpetuity) with 10 days notice. This is not how any exchange operates, and the fact that Coinbase is attempting to do it is beyond the pale.
Coinbase certainly has conversion limits, but anyone that wanted their Bitcoin into Dollars knew about this limit far before the warning of Coinbase only supporting one side of the split, and converting into Dollars means you don't want to risk the split and you should have been diversifying far before Coinbases announcement.
"Sending to another wallet" IS a withdrawal.
I transferred things from a private wallet INTO coinbase quite literally on 21:00 on 7/31 because there was absolutely zero indication from them that this was a bad idea - just that they didn't support some new alt coin.
You know what would have been responsible would be to own up and explain it:
"After the fork private wallet holders will have both currencies so you should remove your coins from coinbase before the fork, then put them back in"
Is that bad for business? Yep; too fucking bad. Coinbase holds the forked coins right now - all of them - privately. They just aren't giving them to customers. They're just another crooked exchange.
> If you wish to have access to UAHF coins or you wish to have immediate access to your bitcoin, you should send your bitcoin from Coinbase to your external address by July 31.
I received this from then on the 19th, and again twice more before the fork.
The connection between UAHF and bitcoins is not established nor is the entitlement of getting UAHF coins via a bitcoin private wallet.
Given that explanation, I don't know what they are, how to get them, where they come from, how it applies to me or why I should care. It sounds profoundly irrelevant.
Besides, those forked coins still exist, and I know who has them. It's not that they aren't supporting it, they decided to keep them for themselves. All that obtuse language is just legal CYA.
They just did a hustle. A wall-street white-collar style one, but a hustle nonetheless. I'm not getting them no matter what happens because they're probably already sold.