Bitcoin Cash (BCH) is a prominent cryptocurrency that originated as a fork of the Bitcoin blockchain in 2017. Designed to address scalability issues, it offers lower transaction fees while retaining core aspects of Bitcoin’s original vision.
Key Features of Bitcoin Cash
- Larger Block Size: Processes more transactions per second (116+ tx/s) compared to Bitcoin.
- Lower Fees: Excess block space reduces transaction costs.
- Enhanced Smart Contracts: Supports advanced functionalities.
- Strong Branding: Benefits from association with Bitcoin.
Pros and Cons
✅ Pros
- Scalable on-chain transactions.
- Cost-effective for users.
- Active developer community.
- Backed by influential figures like Roger Ver.
❌ Cons
- Security concerns due to smaller mining network.
- Higher node operation costs.
- Lacks SegWit upgrade.
- Mining instability due to alternative algorithms.
How to Buy Bitcoin Cash
Purchase BCH on top exchanges like:
👉 Buy Bitcoin Cash on Coinbase
👉 Trade BCH on Binance
Steps:
- Sign Up: Create an account on a supported exchange.
- Fund Your Account: Use debit/credit cards, bank transfers, or PayPal.
- Buy BCH: Trade fiat or other cryptocurrencies for Bitcoin Cash.
Bitcoin Cash vs. Bitcoin
| Feature | Bitcoin Cash (BCH) | Bitcoin (BTC) |
|------------------|---------------------|---------------|
| Block Size | 32MB | 1MB |
| Fees | Lower | Higher |
| Smart Contracts | Advanced | Limited |
FAQs
❓ Is Bitcoin Cash better than Bitcoin?
Depends on use case:
- Store of value: Bitcoin (BTC).
- Daily transactions: Bitcoin Cash (BCH).
❓ Where can I buy Bitcoin Cash?
Available on major exchanges like Coinbase, Binance, and Kraken.
❓ Can I convert BCH to fiat?
Yes, easily withdraw to bank accounts via exchanges.
❓ Is Bitcoin Cash legal?
Legal in most countries except Bolivia, Colombia, and Ecuador.
Final Thoughts
Bitcoin Cash remains a viable altcoin for low-cost transactions, though it trails Bitcoin in market dominance. For secure storage, consider hardware wallets like Ledger Nano X.