Coinbase, the crypto wallet, plans to stop support for the four tokens on Dec. 5, but added any remaining funds would still be tied to users’ existing addresses.
Coinbase Wallet will stop supporting BCH, ETC, XLM and XRP, citing ‘low usage’
The Coinbase Wallet will stop supporting four significant tokens as of December 5.
The wallet will no longer handle Bitcoin Cash (BCH), XRP, Ethereum Classic (ETC), Stellar (XLM), and associated networks, according to a Nov. 29 notification on Coinbase’s help website. The cryptocurrency company decided to stop supporting the four tokens on December 5 due to “poor usage” of the tokens.
“This does not mean your assets will be lost,” said the announcement. “Any unsupported asset that you hold will still be tied to your address(es) and accessible through your Coinbase Wallet recovery phrase.”
They also said:
- This does not mean your assets will be lost. Any unsupported asset you hold will still be tied to your address(es) and accessible through your Coinbase Wallet recovery phrase.
- To view or transfer these assets after Dec. 5th, you must import your recovery phrase on another non-custodial wallet provider that supports these networks. To learn more, visit our help article: Moving unsupported assets.
Read more:
- Nearly 90 Million XRP Have Been Moved To These ODL Platforms Of Ripple
- With The Collapse Of Alameda And FTX, The Serum Program On Mainnet Became Defunct