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Important Information about ETH Merge

The Ethereum Merge is the joining of Ethereum’s Proof-of-Stake (PoS) Beacon Chain with the Ethereum Mainnet to transition the Ethereum blockchain off the legacy Proof-of-Work (PoW) system.This will result in a huge reduction in Ethereum’s energy consumption, and the ability to further scale the Ethereum ecosystem.

The switch will move the entire blockchain over to new Proof-of-Stake validator nodes which require staking or locking up, 32 Ether (ETH) to join. Ether tokens will remain exactly the same for investors, and there should be no change to the operations of Ethereum-based applications.

Due to the Merge, CryptoAltum will temporarily disable deposits and withdrawals related to the ETH network (ETH & USDT on the ERC20 Network) from the 14th of September until the end of the Merge.

The early transactions disabling is set in order to avoid unverified cases and any funds of our clients being lost as there is no clear time or date. The rough estimate of when this is expected to occur is tomorrow between 3am and 6am UTC.

Note that the CryptoConvert tool will still work as normal, meaning that if you want to use USDT or ETH as a base currency when trading, you can deposit into one of the available currencies and then use the tool to  convert your funds.

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Risk Disclosure: Trading cryptocurrencies or any other financial instrument involves a significant level of risk and may result in a total loss of your investment. You should consider carefully whether investing in Bitcoin or any other instrument offered by CryptoAltum is appropriate to your financial situation. CryptoAltum only accepts deposits in Cryptocurrencies. By trading with CryptoAltum you acknowledge your understanding of this risk disclosure and your agreement with the Terms and Conditions.

This website is not directed at any jurisdiction and is not intended for any use that would be contrary to local law or regulation.

CryptoAltum does not accept any clients under the age of 18. 
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