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Bitkub to support Bitcoin Taproot Upgrade - Deposit and Withdrawal of BTC Temporarily Out of Service on 15/11/2021 from 09:00 AM (GMT+7) onwards

Modified on Fri, 17 Feb, 2023 at 1:21 AM

In order to support the Bitcoin Taproot upgrade, the deposit and withdrawal of Bitcoin (BTC) will undergo system enhancement following the below schedule. In the meantime, deposit and withdrawal of BTC will not proceed. However, trading (buy and sell) will not be affected.

Schedule
Issue      Deposit and Withdrawal of BTC Temporarily Out of Service
Date      15 November 2021
From      09:00 AM (GMT+7)
To           Until further notice

 

Bitcoin Taproot upgrade is scheduled to start at block 709,632 which is anticipated to take place on 15 November 2021 around 12:00 PM (GMT+7) according to Bitcoin forking countdown: https://www.nicehash.com/countdown/btc-forking-2021-11-15-12-00

 

*You can learn more about the upgrade here: https://www.coindesk.com/markets/2021/10/26/taproot-bitcoins-next-big-upgrade-might-already-be-priced-in/

Remarks:
1. The schedule is subjected to change based on the average duration of the new block creation on the Bitcoin network. Bitkub will keep providing the most updated information.

2. Any transactions that are not completely processed on blockchain before the system shutdown will be processed when the system is back in service. Be assured that your asset will remain safe under our care. However, it is suggested that making transactions during the maintenance period should be avoided to prevent any unexpected errors.

We apologize for any inconvenience caused.


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