Technically speaking, Bitcoin Cash (BCH) resembles Bitcoin (BTC) in many ways; both cryptocurrencies use the Proof-of-Work consensus algorithm and share an identical 21 million maximum token supply; however, BCH’s blockchain is much larger – at 8MB it significantly expands each block size for faster transaction processing times.
How to Buy
Investing in Bitcoin Cash through an exchange is the simplest and fastest way to do it. Compare exchanges in the table below until you find one with the right combination of fees, ease of use and 24-hour customer support that meets your requirements; once found, deposit USD to start trading!
One alternative way of investing in Bitcoin Cash is trading its asset via a broker platform. Broker platforms offer more comprehensive features than exchanges, including advanced charting and technical analysis tools, plus the opportunity to leverage your investments for greater potential profits.
Bitcoin Cash is a peer-to-peer digital currency that enables instantaneous money transfers worldwide without bank or government approval. It uses decentralized mining technology called the Blockchain to ensure security while simultaneously keeping any single miner from controlling the network. Bitcoin Cash’s supporters believe its fast, cheap, and reliable nature empowers individuals to challenge old power structures while ushering in an era of freedom and prosperity.
What is BCH?
Bitcoin Cash (BCH) is a fork of the original Bitcoin (BTC), created due to differences within its community over how best to address scaling issues. It uses a larger blockchain of between 8 MB and 32 MB which enables faster transaction processing and reduced fees on its network.
As with its counterpart, Bitcoin Cash’s network is protected through a proof-of-work consensus algorithm in which miners utilize computational power and electricity to verify transactions and create new blocks, with successful miners receiving block rewards in form of newly issued cryptocurrency coins.
Supporters of Bitcoin Cash believe its larger blockchain enables it to fulfill its promise as peer-to-peer digital cash, particularly given how transaction fees associated with BTC may be prohibitively costly for certain users. BCH may also provide greater privacy through coin mixing; where multiple users’ transactions can be combined in order to obscure their source. As with all cryptocurrencies, price volatility should always be taken into consideration prior to investing.
Where to Buy
Bitcoin Cash (BCH), is an open-source peer-to-peer payment network which facilitates faster and cheaper transactions than its predecessor, Bitcoin. BCH was first created as part of a fork from the original blockchain due to disagreements between miners and developers regarding block size issues, with 21 million coins limited supply and decentralised ownership.
Investors and traders can purchase and sell Bitcoin Cash on cryptocurrency exchanges such as Binance or Kraken, then store their coins in an account they control. Trading platforms provide stop loss/take profit features so investors can tailor trade parameters that suit their investment goals and risk tolerance.
BCH prices can be extremely unpredictable, so investors should only invest what they can afford to lose. When making any buying or selling decisions regarding cryptocurrency investments like Bitcoin Cash it is vital that a thorough market analysis be completed first; consult a financial advisor as necessary before investing.
How to Sell
To sell BCH quickly and efficiently, cryptocurrency exchanges offer the easiest solution. These services usually charge a fee to facilitate trades which covers their operational expenses as well as providing them with a small profit margin.
Many crypto investors opt to sell their tokens for various reasons, from diversifying their investment portfolio or needing fiat currencies for daily expenses. Before selling anything, any investor should make it their habit to review every detail of a trade prior to hitting “sell.” This step should become second nature given regulatory bodies and mainstream financial institutions’ emphasis on real-world use cases. Recent bail-ins in Cyprus and Greece have brought home to people that bank deposits may not be as safe as once thought, further increasing interest in cryptocurrencies like Bitcoin Cash for those seeking an alternative way of holding and owning money outside the traditional banking system. It also boasts robust features that enable users and merchants to transact directly without intermediaries or external control.
