Answer: This varies per cryptocurrency.
What is a hard fork?
A hard fork is a change in the software of a cryptocurrency, which can result in two different cryptocurrencies. If a blockchain forks, this means it is split in two. Ideally, users will continue on one of those two parts, and the other part will no longer be supported. If both parts continue to be supported, two cryptocurrencies with the same history appear. An example of a fork where both parts continue to be supported is the Bitcoin/Bitcoin Cash fork.
Trading safely on LiteBit
It is our opinion that the owner of a cryptocurrency should also profit from any benefits caused by a hard fork. However, one of our key principles is trading safely on LiteBit. That is why we assess each hard fork to see if we can support this safely and technologically. Do you want to stay updated on the hard forks we support? Follow our social media channels and subscribe to our newsletter.