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Information about BCH
Bitcoin Cash (BCH) was created in 2017 as a result of Bitcoinâs hard fork. It was designed to address BTC's scalability issues by increasing the block size from 1MB to 8MB. This step allows for cheaper and quicker transactions, making BCH a viable choice for everyday purchases and attracting users who are not content with Bitcoinâs performance capacity. Now Bitcoin Cash keeps a solid position in the crypto market, typically ranking among the top tokens by market capitalization of $11.44B, with a significant user base and continued adoption in the payments space.
As of today, BCH is trading at $572.85. The lowest price on the trading day amounts to $566.54, the highest keeps at $594.25.
FAQ
From the tech point of view, Bitcoin Cash functions just like Bitcoin. It uses Proof-of-Work (PoW) consensus algorithm to validate transactions, and miners get rewarded in BCH as well. Both tokens share a fixed max supply of 21 million, and both use nodes to maintain a decentralized network. What differs Bitcoin Cash from its ancestor is tools like CashShuffle, which mixes your BCH with other holdersâ coins before performing a transaction to make it harder to trace. Another protocol, CashFusion, combines your BCH with many other usersâ in a single large transaction, further strengthening the privacy of the fundsâ origin. These privacy features make BCH an appealing option for users seeking anonymity while transacting.
BCHâs characteristics such as faster and cheaper transactions due to block size make it perfect for everyday transactions. Itâs primarily used as a payment method both for real-world and online purchases, simplifying the process for customers as well as for businesses.
Bitcoin Cash has seen significant volatility throughout its history, reflecting both its evolving adoption and the broader market conditions. As of today, Bitcoin Cashâs all-time low is $75.07, an all-time high is $4 355.62.
While Bitcoin Cash has its own unique use cases and technology, itâs still influenced by Bitcoin's overall behavior, as BTC is the dominant token on the market. When Bitcoin experiences significant price changes, BCH tends to follow similar trends, although it may sometimes show independent price dynamics based on its specific developments, adoption, or market factors.
There are lots of platforms where you can purchase Bitcoin Cash, including various decentralized (DEX) and centralized (CEX) exchanges. For example, you can easily buy BCH on the Cryptomus platform. The most convenient options are available here, including direct BCH purchase with debit or credit card in your personal account or utilizing the Cryptomus P2P exchange.
Buying BCH is even easier than it seems: you can do it on multiple platforms using your credit or debit card. For example, you can easily do it on the Cryptomus platform: choose "Receive" on your personal account, select Bitcoin Cash and the required network, and tick fiat as the type of payment. After that, you must enter the amount you want to pay in the currency of your choice. You may obtain your BCH without any issues because the procedure is rather easy and transactions happen quickly. You can also buy it on P2P by selecting the most suitable sale offer.
You need a digital wallet in order to store your Bitcoin Cash. Picking the best one for you is a highly personal matter because there are so many of them available. The Cryptomus wallet provides the greatest conditions and a wide range of built-in financial tools for managing crypto, so you may safely keep your BCH there. Along with high-security features like 2FA, PIN-code, and KYC, the platform complies with AML regulations. Additionally, the wallet is available as an app (for iOS and Android) and web version, allowing you to manage your funds wherever and whenever you want.
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