What is Bitcoin Cash (BCH)? How to purchase Bitcoin Cash (BCH)? The names of Bitcoin (BTC) and Bitcoin Cash (BCH) are similar. Bitcoin is the first cryptocurrency ever created, and is usually regarded as digital gold or "gold 2.0". Cryptocurrency is considered as a store of value and a hedge against inflation. So what is Bitcoin cash? Now let's get to know.

What is Bitcoin Cash (BCH)?

As early as Bitcoin, various schemes to improve the scalability of Blockchain based internet currency were discussed. One method is called Onchain scaling. The purpose of this is to store as many transactions as possible directly in the block chain, instead of ignoring them through functions such as SegWit or Lightning Network (LN). Since not all participants in the original Bitcoin network supported this idea, under the leadership of Roger Ver, the Onchain scale method was implemented in August 2017 with Bitcoin Cash (BCH) as the bit coin fork (BTC). A new Bitcoin, with larger data blocks to improve transaction throughput, can see the light.

Bitcoin Cash is now one of the most commonly used cryptocurrencies and is rarely used in payment transactions. Roger Ver is still actively involved in the project. In order to strengthen Bitcoin Cash's role in the adaptation and integration of third-party software, Ver invests in various payment service providers from encrypted space. So far, his efforts to promote Bitcoin cash growth seem to be quite successful, and he compares its results with other cryptocurrencies that are payment flow oriented.

Is Bitcoin Cash Investment Worth It?

Although BCH is the most successful and largest Bitcoin forum so far, Bitcoin cash still lags behind the original level in terms of adjustment and market capitalization. But the scale method chosen is undoubtedly interesting, and Roger Fowles' efforts to promote the project seem to have achieved results. If you are not sure whether the chain or non chain scale in the block chain field is competing, Bitcoin cash must be an investment value.

How to purchase Bitcoin Cash (BCH)?

1. Find a suitable trading place

Once you know that you prefer to use a broker or stock exchange for Bitcoin cash transactions, and whether certificates or CFDs are suitable for you, find the right supplier. According to your personal needs, in addition to the cryptocurrency and financial products provided, you should also consider the fees, available payment methods and other product attributes, such as security protection, support or company location.

2. Set up a trading account

After finding a suitable trading place, you can set up an account and register. For most vendors, this is done in minutes and is easier than opening a bank account. In order to successfully handle the registration, especially the relevant identification procedures, you should keep your ID card handy.

3. Cash for buying and selling Bitcoin

Once you have successfully registered, you are ready to use. Your first Bitcoin cash purchase now has no obstacles.

summary

In general, through the above explanation, we can know that Bitcoin cash is a cryptocurrency designed to be digital cash, and its supporters try to ensure that it is cheap and easy to use. There are many different ways to buy Bitcoin cash. Brokers are often the best solution for novices and investors interested in investing in simple cryptocurrencies. For senior investors and professional dealers, exchanges and CFD brokers are qualified. The key to choosing the most suitable trading place for you lies in whether you want to directly invest in Bitcoin cash or invest in Bitcoin cash financial products, such as Bitcoin CFDs, funds or certificates.