Bitcoin Cash (BCH) – What is it, how to buy, price chart

What is Bitcoin Cash:

Bitcoin Cash (BCH) is a cryptocurrency that was created in 2017 by splitting (forking) Bitcoin. The creators of Bitcoin Cash were trying to solve some of Bitcoin’s problems, such as slow transactions and high fees. Their solution was to increase the block size from 1 MB to 4 MB. This is the main difference between BTC and BCH. Every BTC holder at the moment of fork got the same number of BCH “for free”.

Why buy BCH?

• Lower transaction fees: transaction fees on Bitcoin Cash are usually much lower than on Bitcoin. This is important if you want to use the cryptocurrency for regular payments.
• Faster Transactions: Transactions on Bitcoin Cash are usually faster than on Bitcoin.

Buying and selling BCH:

BCH can be bought for Czech crowns with a convenient bank transfer at the Simplecoin exchange.

What do I need to buy Bitcoin Cash?

A BCH wallet is required to hold (store) Bitcoin Cash. This will give you control over your BCH and no one can seize it from you as long as you have a deposit for that wallet.

We can recommend the Coinomi wallet, which can be downloaded to iOS, Android and PC via the official site here.

How to buy BCH

To buy BCH on the Simplecoin exchange, all you need is a BCH wallet. After that, you can already buy up to the value of 200 Euros in 10 days anonymously without registration. For a higher investment, you need to upload two IDs. Details can be found here.

Learn more about BCH:

• Official website https://www.bitcoincash.org/
• Wikipedia https://cs.wikipedia.org/wiki/Bitcoin_Cash

A signpost to other cryptocurrencies:

• Bitcoin (BTC) 
• Ethereum (ETH)
• Litecoin (LTC) 
• Dogecoin (DOGE) 
• Ripple (XRP)
• Bitcoin Cash (BCH) 
• USD Coin (USDC) 
• Zcash (ZEC)

Important Notice:

This page is for informational purposes only and does not constitute investment advice. Investing in cryptocurrencies is risky and you should consider the risks before embarking on any investment.