Bitcoin Cash was formed through a hard fork of Bitcoin in 2017 due to disagreements within its community, providing faster transaction processing and superior scalability over its predecessor.
BCH is an investment asset whose price can be affected by market sentiment and news events, such as regulatory progress. Positive developments such as these can increase investor trust and ultimately cause price increases.
What is BCH?
Bitcoin Cash (BCH), introduced as part of a hard fork of Bitcoin (BTC), features an increased block size limit enabling more transactions per blockchain and prioritizing on-chain scaling solutions over relying on Lightning Network layer solutions.
BCH shares many similarities with Bitcoin, such as having a maximum coin supply of 21 million coins and employing the SHA-256 hashing algorithm to verify transactions. However, its blocksize limit is larger and the mining difficulty adjustment occurs every six blocks instead of every 16.
BCH price fluctuation mirrors that of Bitcoin; news such as disagreements within development teams or accusations of centralization can cause its value to decrease, while positive announcements and increased trading volumes can spur its appreciation. Within the stablecoin space, USDC stands out due to its commitment to transparency backed by regulatory compliance efforts and international expansion plans.
How to trade BCH/USD
Trading Bitcoin Cash/US Dollar involves buying or selling the cryptocurrency against USD on exchanges or derivative products such as CFDs (contracts for difference). At easyMarkets, traders don’t require an exchange account or wallet as you can purchase and sell BCH/USD directly through our app and web platform – you can go long when expecting prices to rise, short when expecting prices to decline.
As soon as you open a trade on our platform, the latest BCH/USD price will appear prominently in the middle window, with available buy/sell orders being displayed to the right side in ascending price order based on bid/ask ratios – you can even use our technical indicators to predict what the market may do next! Each one-point change equals one pip in your account balance.
How to buy BCH
Cryptocurrency prices can be highly unpredictable, making investing difficult. Before diving in it’s essential to conduct thorough research encompassing technical, fundamental, and expert analyses before investing any amount that exceeds what can afford to lose.
Bitcoin Cash (BCH) is an offshoot of the original Bitcoin, and should experience similar price movements to BTC; however, its adoption has been much lower and its market capitalisation less substantial.
An important determining factor of the BCH/USD price is supply and demand. BCH coins are generated through mining and added to circulation each time a block is mined; however, rewards for mining each block decrease every four years, therefore decreasing the rate at which new coins are produced.
Purchase of BCH can be done through cryptocurrency exchanges with low fees and 24-hour customer support, and requires an offline wallet with its own private key that only you have access to.
How to sell BCH
There are multiple methods available for selling BCH. One approach involves trading coins via exchanges such as Binance or Bitstamp for fiat currency, while a direct cash sale through LocalBitcoins or Paxful can often provide faster results; though this route may present additional risks.
If you want to sell Bitcoin Cash for USD, the first step should be registering on an exchange and creating an account there. After doing this, select “Sell Coins”, select your coin from among those offered and then review all details carefully including reputation of buyer as well as verification level before selecting offers to sell from.
