Bitcoin Cash is a peer-to-peer electronic cash system designed for fast transactions with minimal fees, created as an offshoot of Bitcoin in 2017 after its hard fork, boasting an increased block size.
BCH can be found on cryptocurrency exchanges and can be used to purchase goods and services or stored safely. Its network operates without a central authority.
What is BCH?
Bitcoin Cash (BCH) is an open-source cryptocurrency built on the Bitcoin blockchain that exists as a separate token used for payment, value transfer and rewarding BCH miners for verifying transactions on the network. Bitcoin Cash was initially established through a chain split from original Bitcoin in 2017 due to disagreements regarding scalability issues within cryptocurrency technology.
Bitcoin Cash stands out from its competition by having a larger block size and more transactions processed per second, helping merchants who accept it reduce transaction fees for accepting it.
Bitcoin Cash was designed to protect user privacy by offering them the CashShuffle protocol, which shuffles your coins with those of other BCH holders before being sent out for merchant transactions, helping conceal the origin and value of these transactions.
What is BCHUSD?
Bitcoin Cash was introduced into circulation in August 2017 through a hard fork of the original Bitcoin blockchain network, due to rising processing fees on that chain and slow transaction times.
Bitcoin Cash follows a literal interpretation of the whitepaper vision for “Peer-to-Peer Electronic Cash”, providing cheap, fast, and reliable transactions at competitive rates. Bitcoin Cash’s long-term growth goal lies with decentralized innovation, global adoption, and permissionless innovation – three principles upon which its community must thrive.
As with Bitcoin, Bitcoin Cash features a fixed supply of 21 million coins with greater privacy than traditional banking systems. Although not as well-known, merchants accept it widely and it can be traded for other cryptocurrencies on exchanges; furthermore, derivatives such as perpetual swaps and futures contracts can also be purchased on Trading Station.
How to Buy BCHUSD?
Bitcoin Cash can be purchased in several ways: directly on a cryptocurrency exchange using government-issued currencies such as dollars or euros, at one of more than 36 thousand crypto ATMs around the world, or through peer-to-peer marketplaces accepting credit cards. When transacting on an exchange, however, you are transacting with a regulated business that must adhere to Know Your Customer (KYC) and Anti Money Laundering regulations.
Purchases on exchanges may be convenient, but fees and slower confirmation times can limit their utility. A crypto broker platform offers more control over your digital assets and advanced technical indicators. Use our Recurring Buy feature to automate investments at regular intervals – you’ll save yourself the trouble of time-consuming calculations by automating investment recurring amounts weekly or monthly instead. Instead focus on building up your portfolio!
How to Sell BCHUSD
When selling Bitcoin Cash (BCH), it’s essential that you find an exchange that accepts it – this could include traditional platforms like Coinhouse or online platforms allowing peer-to-peer trading between users directly.
Bitcoin Cash was introduced into circulation following a hard fork from the original Bitcoin blockchain in 2017. As part of this event, each owner of Bitcoin received equal amounts of its successor cryptocurrency – Bitcoin Cash – with higher transaction capacity and reduced fees than its original version.
Selling Bitcoin Cash may be beneficial when your profit targets have been reached or because its price no longer meets expectations – either way, acting quickly is key in order to maximise profits and achieve maximum profitability.
