BitFuFu will pause service on July 28, 4:00 pm-10:00 pm (HKT) due to the website upgrade: the funds custody service will be migrated to Coinbase. Please note that your running contract will not be affected during the period.
After the upgrade:
⚠️ Risk Warning:
- If you ever saved the Transfer Address of BitFuFu in your favorites on the exchange, then you need to change or delete it because the original transfer address will not work after the upgrade.
1. If you have the running BTC plan and choose【My Funds】to get the mining revenue：
|Before the upgrade||F2pool sends the daily mining revenue to your funds account without a minimum amount limit||
|No withdrawal fee from 【My Account】to 【Cobo Wallet】|
|After the upgrade||
- Original order will not be affected
- New order:
The mining pool will transfer the mining output to your funds when your accumulated mining output reaches 0.005 BTC
(No matter which mining pool you choose: F2pool/Antpool/Poolin).
|Confirm the new transfer address on【My Funds】before you transfer the cryptocurrency like ETH/BTC/USDT/BCH.||If you want to withdraw, Any Cobo Wallet Address will be considered just a personal wallet.|
- After the upgrade, due to the security policy of the mining pool, F2pool & Poolin will temporarily freeze payments for the first 3 days and will resume the normal payment logic after being sent out on the fourth day. Antpool will not be impacted by this upgrade.
2. If you have the running ETH plan and choose【My Funds】to get the mining revenue：
Your ETH plan will not be impacted by the upgrade.
So you are not required to do anything if the contracts are already working.
* The order revenue address is set to a personal address (non-BitFuFu platform
【My Funds】 revenue address), and will not be impacted by this upgrade.
3. New BTC Mining Plan:
After the upgrade, the purchase threshold of BitFuFu's BTC hashrate plan will be uniformly raised to 30T, and the platform funds custody service will be migrated to Coinbase (based on the current difficulty, it is estimated that the BTC revenue will be paid by the pool once every 20 days)
4. New ETH Mining Plan:
New ETH plan will not be impacted by the upgrade.
- Please confirm the new transfer address on【My Funds】before you transfer the cryptocurrency like ETH/BTC/USDT/BCH to your account on BitFuFu.
- ETH: 0.01
- USDT-ERC20: 20
6. Withdrawal service fee:
- ETH: 0.001 93
- USDT-ERC20: 2
* The service fee for withdrawal may fluctuate with the adjustment of the wallet in custody.
* Please make sure that the withdrawal address you choose corresponds to the corresponding cryptocurrency for cash withdrawal to avoid loss of funds
Coinbase is a veteran American cryptocurrency exchange that has been operating stably for 10 years. It was listed on Nasdaq in March 2021. It has compliant digital currency trading licenses in many countries around the world, supports multiple types of digital currencies and can fully protect the security of user assets.
- Coinbase will store users' digital currency assets in offline Cold Storage to ensure their security.
- Coinbase has launched an "insurance" mechanism, and its partner is the US Federal Transfer Insurance Corporation (FDIC) to ensure transaction security.
* If mainland China issues more stringent regulatory policies for cryptocurrencies in the future, the funds custody service will be uniformly migrated to Coinbase and your revenue address will be updated to the new address generated by the Coinbase custody service.
If you have any questions regarding the migration of the platform funds custody service, please consult: firstname.lastname@example.org
You can also join BitFuFu official group: https://t.me/bitfufu and contact @FuFuadmin to know more details.
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