Bitcoin Cash is a remarkable decentralized cryptocurrency that was carefully designed to resolve the shortcomings of the original Bitcoin network. Since it is a fork of Bitcoin, it’s no surprise to learn that Bitcoin Cash shares plenty of similarities with Bitcoin. That said, it also has its own unique selling points, including features and technology.
One of the exciting things about Bitcoin Cash is its low transaction fees. This has made BCH an attractive option for people who want to send money online without incurring high fees. More so, Bitcoin Cash is fast and reliable, making it an excellent choice for merchants who need a blockchain solution that processes transactions quickly.
If you’re interested in adding Bitcoin Cash to your investment portfolio, it will interest you to know that there are many exchanges where you can seamlessly buy and trade Bitcoin Cash. While we love exchanges like Coinbase, Binance, and Kraken, we prefer eToro because of how seamlessly they make the entire process. Read on for all the details on how you can buy eToro online.
We will start with an overview of Bitcoin Cash.
What is Bitcoin Cash?
Bitcoin Cash (BCH) is a fantastic cryptocurrency created to address the failure points of the original Bitcoin. It was born out of the need to proffer a solution to the scaling issues hindering Bitcoin from attaining its full potential as a global, decentralized currency.
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Trading with financial instruments carries high level of risks that is not suitable for all investors. Before making any investment decisions, you should seek advice from independent financial advisor to ensure you understand the risks involved.
For those a bit confused, we want you to see Bitcoin Cash (BCH) as a supercharged version of Bitcoin. While it has all the features that make Bitcoin Special, Bitcoin Cash boast of improved features that make it faster, cheaper, and more reliable.
One of the most significant differences between Bitcoin and Bitcoin Cash is the block size. For starters, Bitcoin has a block size of 1 MB, which puts a peg on the number of transactions the Bitcoin network can process at any given time. On the flip side, Bitcoin Cash has a block size of 8 MB, which makes it possible for it to process more transactions in the same amount of time.
In addition to its larger block size, Bitcoin Cash also boasts of lower transaction fees. This has made it an ideal option for users who want to send money online without incurring insanely high fees. We love that it is also fast and reliable, making it an excellent choice for merchants who would love their transactions to be processed more quickly.
To put things simply, Bitcoin Cash is a digital currency that nicely combines the most unique features of the Bitcoin network and some added enhancements to deliver a better experience to users.
Whether you’re an experienced investor or just starting your journey in the digital currency space, keep in mind that Bitcoin Cash will be an amazing option to consider.
What makes Bitcoin Cash (BCH) unique from other blockchain projects?
It’s true that Bitcoin Cash is a fork of the Bitcoin network. It’s also true that it shares plenty of similarities with Bitcoin. That said, Bitcoin cash has its own unique features and technology. While it features all of the amazing things that make Bitcoin special, here are some unique areas where Bitcoin Cash stands out from other blockchain projects.
Increased block size: Unlike the Bitcoin network, which has a block size of 1 MB, Bitcoin Cash has a block size of 8 MB. This means it can process more transactions in the same amount of time. This unique selling point makes Bitcoin Cash more efficient than Bitcoin.
Low transaction fees: Bitcoin Cash has insanely low transaction fees, compared to Bitcoin. This makes it appealing to people who want to send money online without having to pay through their noses.
Decentralized governance: Like Bitcoin, Bitcoin Cash is a decentralized project with no central authority. What this simply means is that decisions regarding the network are made by the community of users, including developers who support the project.
Strong developer community: Bitcoin Cash boast of a strong and active community of developers who work around the clock to improve the technology and add new features.
Overall, the combination of all these unique features has made Bitcoin Cash a force to reckon with in the crypto industry.
How has Bitcoin Cash performed?
Bitcoin Cash was created as a fork of the Bitcoin network. The fork took place in 2017. At the time of the fork, Bitcoin Cash was airdropped to anyone who held Bitcoin in their wallets. While its price during the fork was essentially zero, BCH rallied in price a few weeks after the fork, rallying to an all-time high of over $4,000 in December of 2017.
Since then, the price of Bitcoin Cash has fluctuated significantly. Like many crypto projects, the bearish market of 2018 saw the price of Bitcoin Cash drop significantly.
In the last bullish market of 2020 and early 2021, Bitcoin cash skyrocketed significantly, with its pricing printing a new all-time high of over $6,000 in April 2021. Since the last Bullish market, the price of Bitcoin Cash has dropped significantly. Despite the continued sell-off in the crypto market, Bitcoin Cash has remained relatively stable and has shown some potential for the upside.
As of the time of putting together this post, BCH was trading for around $500 across different exchanges where it is listed. It has a current market capitalization of over $9 billion. While there is some risks that come with investing in cryptocurrency, many experts believe that Bitcoin cash will continue to perform well in the future.
Overall, Bitcoin Cash has shown its resilience, even in the midst of an insane bearish winter that has seen most cryptocurrencies lose 90% of their value from their all-time high. Its innovative technology has allowed it to thrive even in difficult market conditions. Thank to its robust technology and its active developer community, Bitcoin Cash will make a brilliant investment choice for anyone looking to make some cash investing in cryptocurrencies.
How many Bitcoin Cash tokens are there?
Bitcoin Cash has a maximum supply of 21 million tokens. The supply limit of Bitcoin Cash is built into the Bitcoin Cash network. The goal is to ensure that Bitcoin Cash preserves its value over time.
As of today, there is an estimated 18.5 million BCH in circulation, meaning there is around 2.5 million BCH token yet to be mined. It’s also important to add that the rate at which new BCH tokens are added to the supply is decreasing with every passing day. At the current rate, it is estimated that all 21 million BCH tokens will be fully mined and in circulation by the year 2040.
It’s important to note that the BCH supply differs from the number of BCH that individuals or organizations hold. Some people or entities may hold large quantities of BCH, while others may hold smaller amounts. The total number of BCH in circulation does not necessarily reflect the distribution of BCH among different holders.
Is Bitcoin Cash a good investment?
Bitcoin Cash has had a rollercoaster ride since it was forked in 2017. While it has risen astronomically during the bullish market of 2018 and 2020, respectively, the bearish winter experienced for much of 2022 saw Bitcoin Cash lose nearly 95% of its value from its all-time high.
Despite the current market realities, Bitcoin Cash has the potential for an upside. And if there is anything we have learned from the last bearish market, it is the fact that it is the best time to get a good project at an insanely low price.
Where can I buy Bitcoin Cash online?
There are several exchanges where you can seamlessly buy Bitcoin Cash (BCH) online. Some popular options include big names like Binance, Coinbase, and Kraken. What we love about these exchanges is their user-friendly design. They also support different payment methods, including credit cards, bank transfers, and even PayPal, making it easy for users to get started.
Besides these exchanges, you can also buy Bitcoin Cash on eToro, a leading online broker that supports a plethora of financial instruments, including cryptocurrencies. eToro is a leading choice for investors who want to buy and trade BCH. What makes eToro unique is the fact that it is easy to use, offers low fees, and supports a range of payment methods.
We love eToro because it supports a range of tools and resources that enables users to make informed decisions, including market analysis, educational materials, and market news.
Without mincing words, eToro is a brilliant choice for investors who want to buy Bitcoin Cash online and take advantage of the volatility in the crypto market. Thanks to its user-friendly and intuitive design and a range of features, eToro makes it easy for anyone to buy, sell and trade Bitcoin cash and other cryptocurrencies.
How to buy Bitcoin Cash (BCH) on eToro
Buying Bitcoin Cash on eToro is simple and pretty straightforward. Read on for a detailed step-by-step guide.
- Create an account: Go to the eToro website and follow the prompts to sign up for a new account. You will need to provide some personal information and complete the verification process.
- Fund your account: In order to buy BCH, you will need to have funds in your eToro account. Click on the “Deposit Funds” button and select a payment method to add money to your account. eToro accepts a variety of options, including bank transfers, credit card, and PayPal.
- Search for Bitcoin Cash: Once your funds are available, you can start buying BCH. Go to the search bar and type in “Bitcoin Cash.” Click on the result to go to the Bitcoin Cash page.
- Place an order: On the Bitcoin Cash page, you can view the current price and place an order to buy BCH. Enter the amount you want to buy and click on the “Buy” button. Your order will be executed at the current market price.
- Monitor your position: You can track your BCH holdings in the “Portfolio” tab. This will show you your current BCH balance and the market value of your position.
Buying Bitcoin Cash on eToro is an easy and convenient way to add this cryptocurrency to your investment portfolio. With a few simple steps, you can start buying and selling BCH on eToro’s user-friendly platform.
Frequently asked questions
What exchanges can I use to buy BCH?
You can buy BCH on a variety of exchanges, including Coinbase, Binance, Kraken, and eToro. Each exchange has its own unique features and fees, so it’s a good idea to compare your options before deciding which one to use.
How do I pay for BCH?
Most exchanges accept a range of payment methods, including bank transfer, credit card, and PayPal. Some exchanges may also accept other forms of payment, such as cryptocurrency or gift cards.
Is it safe to buy BCH online?
Buying BCH online can be safe if you use a reputable exchange and take steps to secure your account. It’s important to choose an exchange that has a good track record of security and to enable any security features that are offered, such as two-factor authentication.
How do I store my BCH once I buy it?
Once you buy BCH, you will need to store it in a digital wallet. Most exchanges offer a built-in wallet that you can use, or you can choose to use a separate wallet. It’s important to carefully research your options and select a wallet that is secure and meets your needs.
Is eToro a reputable exchange?
eToro is a well-known and reputable online broker that is regulated by various financial authorities around the world. It has a strong track record of security and is a popular choice for people who want to buy and sell BCH and other financial instruments.
Are there any fees for buying BCH on eToro?
eToro charges fees for buying and selling BCH, as well as for holding positions overnight. These fees are generally competitive with other exchanges, but it’s a good idea to compare the fees at different exchanges before making a decision.
Can I withdraw my BCH from eToro?
Yes, you can withdraw your BCH from eToro to a personal wallet. To do this, go to the “Withdraw Funds” section of your account and follow the prompts to complete the withdrawal process. You will need to provide your wallet address and may be required to pay a withdrawal fee.
Conclusion
If you’re ready to join the world of cryptocurrency and add Bitcoin Cash (BCH) to your investment portfolio, buying BCH online is a fast and convenient option. With the proliferation of exchanges and brokers that offer BCH, it’s easier than ever to get your hands on this exciting digital currency.
Whether you’re new to cryptocurrency or an experienced investor, buying BCH online is a straightforward process that can be completed in just a few steps. Simply sign up for an account, deposit funds, and place an order to buy BCH. It’s that easy!
Of course, it’s important to do your due diligence before buying BCH or any other cryptocurrency. Make sure to choose a reputable exchange or broker and take steps to secure your account. With the right precautions in place, buying BCH online can be a safe and rewarding experience.
So why wait? Start your journey into the world of cryptocurrency today by buying BCH online and adding it to your investment portfolio. Who knows where the road will take you? The possibilities are endless with BCH!
