Bitcoin Cash (BCH) Exchange Rate & Price Chart
Specifications of Bitcoin Cash
Let’s start with a short review of Bitcoin Cash and all you need to know about it. First of all, this is a hard fork of the original Bitcoin. It las launched in November 2017 with the aim of improving significantly Satoshi’s coin.
Hard fork means that the protocol experienced condition change. How exactly does the BCH modify the BTC? All it comes to is speed. Performing faster transactions, respectively providing more rapid payment confirmations. Here we’re speaking of 9 times bigger transaction capacity and block size increased up to 8MB. All this comes with lower fees. Pretty nice, isn’t it? All those make Bitcoin Cash one of the preferred altcoins on the market.
BCH Markets
When speaking of market, I mean a place to buy, sell and trade your coins, so it stands for a crypto exchange. This is a platform allowing you to perform multiple different actions with your coins in return of a simple registration and a small fee. There are exchanges, which let you buy some cryptos only with another crypto coin. But there are also platforms offering the opportunity to use fiat currency to buy your crypto goods. You can either use a credit card or deposit money directly in the exchange’s bank account, depending on their policy. You definitely need and exchange to start dealing with crypto, because it’s the single way to buy yourself some coins. Now, there are multiple factors to consider when choosing the best exchange, so I would like to give an overview about it. Answer the questions and find the exchange fitting you most:
- How to pay? – as I mentioned earlier, always check on payment modes before you take your time to sign it. Some exchanges accept transfers with credit or debit cards, others also feature the PayPal option, and there are also such which accept only another crypto currency as a payment method.
- Does it support my coin? – always check on all the currencies supported by the exchanges. You don’t want to end up being registered and unable to find the coin you’re looking for in the exchange.
- Is the exchange rate worth using it? – this one slightly depends on the exchange itself, so get aware of it, because it’s not the same for all the platforms.
- What’s the fee? – proceeding a transaction always required some fees both all the operations available such as trading, withdrawing or depositing. Check this one frequently to avoid any surprises.
- Do the exchange need my personal information? – Yes, usually exchanges ask for some kind of personal data such as ID or driving license photo. If you put some additional info as a bank statement or something else, you might even get extra profits.
- How secure are exchanges? – on a daily basis I consider them convenient enough, regarding their security features such as 2FA (two factor authentication) or Multi-sig (Multi signature), but if your aims is to use it in a long term as a wallet, you should know that they’re extremely vulnerable to all kind of hacking attempts.
You need a tip maybe on some good performants on the market? Have a look at this table right away:
Social channels and networking
I would say that in the 21st century, information is power. Stay tuned and follow BCH on social media.
Guides
One of the most interesting and attractive aspect of gaining cryptocurrencies today is mining. If you’re interested to know all when it comes to hardware, software, pools and configuration, I strongly recommend you have an eye on the full and extended guide on How to mine Bitcoin Cash.
Have you though that there might be a better alternative except for an exchange? As I said they’re considered extremely vulnerable and aren’t really the best option to keep your BCHs safe. I would like to offer you the opportunity to read and choose the best wallet available to keep your funds safe. Please visit the website Wallets.com and find everything you might need to pick your perfect match.
FAQs
- What is BCH? – this is a hard fork of the original Bitcoin, launched in November 2017.
- Why BCK forked from BTC? – because of its aim to improve Bitcoin’s issues.
- What’s the difference between BCH and BTC? – since they split into two different chains, now they have completely different parameters. Check the Specifications section.
- How to buy BCH? – simply choose an exchange which supports it, sign in and buy yourself some coins.
- How to choose an exchange? – there are several important factors to keep in mind when choosing a crypto exchange that you can check here.