BCH was created from a hard fork of Bitcoin in August 2017, allowing more transactions to be processed per block and thus decreasing fees and transaction times.
Bitcoin Cash allows you to own and utilize your money anywhere around the world, while being protected from bank mistakes or seizing by its decentralized network.
What is BCH?
Bitcoin Cash emerged following a hard fork of the original cryptocurrency in 2017. This fork allowed more transactions to be recorded within each block, decreasing fees and transaction times while at the same time increasing transaction capacity.
Similar to Bitcoin, BCH is a decentralized peer-to-peer electronic cash system, offering cheap, secure payments with micro fees that also protect privacy while expanding block sizes.
Contrary to traditional banks, which can impose capital controls and freeze or seize your assets, Bitcoin Cash gives you complete and sovereign control of your funds and protects them against theft by third parties. Furthermore, automatic refunds or chargebacks never occur because BCH cryptocurrency is supported by its own independent blockchain that’s accessible 24/7/365 – unlike traditional banks where assets may be frozen or seized at will.
How does BCH work?
BCH emerged through a hard fork of Bitcoin in 2017 which provided larger block sizes and lower transaction fees than its predecessor, Bitcoin. Both cryptocurrencies share technical similarities such as 21 million coins being available to use as their maximum token supply and employing Proof of Work consensus methods that reward miners for verifying transactions on their respective blockchains.
BCH can process more transactions per second than Bitcoin due to its larger blocks; however, this also creates security issues as it makes it easier for large companies, institutions or mining pools to aggregate processing power necessary for transaction verification, potentially creating an oligopoly and undermining its decentralized nature.
Trading CFDs on Bitcoin Cash allows you to profit from price movements by opening either long positions – betting that the price will increase – or shorting positions, betting it will decrease. Our CAPEX Web Trader platform features sophisticated research tools designed to help you interpret market data and make informed trading decisions.
Where can I buy BCH?
When buying Bitcoin Cash, the ideal way is through an exchange that accepts your local fiat currency or crypto ATMs that allow users to sell cryptocurrency for cash instantly.
Buy Bitcoin Cash (BCH) on exchanges using various payment methods such as bank transfers and debit cards, with some platforms providing mobile applications to easily buy and sell cryptocurrency on the go.
Peer-to-peer marketplaces allow you to buy Bitcoin Cash quickly and at competitive prices. Be sure to select a reputable platform with excellent customer service ratings before making your transaction; purchasing BCH may diversify your portfolio while providing access to an entirely new asset class.
How can I sell BCH?
The cryptocurrency market has seen enormous highs and steep lows alike, so keeping your crypto assets safe requires keeping them in a digital wallet that only you know the private key for.
If you want to cash out your Bitcoin Cash, there are various methods of doing so. These may include crypto exchanges, peer-to-peer marketplaces or broker websites – each may provide different opportunities.
At Coinhouse, our strength lies in our speedy bank transfer service for selling Bitcoin Cash (BCH). We can complete a sale transaction within minutes so that cash will arrive in your account as quickly as possible.
As another option, you could also sell BCH through an automated teller machine (ATM). There are over 36,000 ATMs worldwide which enable users to buy or sell crypto with cash transactions made with SEPA bank transfers.
