Bitcoin Cash (BCH) is a peer-to-peer electronic cash system that is the result of a hard fork from Bitcoin’s blockchain. Notably, Bitcoin Cash is by far the most successful hard fork of Bitcoin to date. This project entered the market under a cloud of controversy. However, after the smoke cleared, Bitcoin Cash emerged as one of the top ten cryptocurrencies in the world in terms of market cap. To learn more visit our Investing in Bitcoin Cash guide.
We list the top 7 exchanges that offer the ability to buy Bitcoin Cash (BCH) cryptocurrency with a credit card or debit card.
Founded in 2011, Bitstamp is one of the oldest & most trusted exchanges in the world and are a popular choice in the USA. The exchange now has more than 4 million users worldwide and offers a wide range of cryptocurrencies to choose from including Bitcoin Cash (BCH).
A highly experienced exchange, Bitstamp provides a thorough and user-friendly trading environment that is secure and with enough choice to satisfy most traders. The global nature of the company and the trusted regulation and licensing put in place is also a positive aspect for many new or experienced users.
They currently accept Canada, UK & USA residents excluding the states of Alabama, Hawaii, Idaho, Louisiana, Nevada, & New Jersey.
Read our Bitstamp Review or visit Bitstamp.
Uphold is a commission-free desktop and mobile trading platform that gives you access to, and the opportunity to trade Bitcoin Cash (BCH) and dozens of other cryptocurrencies. They have been in operation since 2014 and now boast a very credible reputation with more than 1.5 million users worldwide.
One of the most unique features offered by the company is that you can trade directly across asset classes. This vastly improves efficiency and allows for you to avoid any unnecessary conversion fees. So, if you want to trade Bitcoin for gold, or vice versa, Uphold is the place you can do that.
The services spread on Bitcoin Cash (BCH) and other cryptocurrency ranges from 0.8% to 1.2% depending on the asset. This is the only fee you will have to think about though with Uphold being completely transparent and charging no commission.
UK & European residents are prohibited.
For the full lowdown, see our Uphold review or visit Uphold to get started now.
Uphold Disclaimer: Assets available on Uphold are subject to region. All investments and trading are risky and may result in the loss of capital. Cryptoassets are largely unregulated and are therefore not subject to protection.
Binance is one of the largest and most well-known cryptocurrency exchanges in the world. The benefits of purchasing Bitcoin Cash (BCH) here are both lower fees than competing exchanges, and increased liquidity enabling you to buy and sell quickly to take advantage of market moving news.
This exchange is best for investors residing in Australia, Canada, Singapore, UK & internationally. USA residents are prohibited from purchasing most tokens.
Read our Binance Review or visit Binance.
Use Discount Code: EE59L0QP for 10% cashback off all trading fees.
KuCoin is a well-known name in the industry, and one of the most competitive when it comes to fees and trading costs. The exchange has grown exponentially from its early days of offering only crypto to crypto trading. It now offers a varied range of services including a P2P exchange capability, and purchasing with credit or debit cards.
KuCoin currently offers Bitcoin Cash (BCH) cryptocurrency trading as well as over 300 other popular tokens. It is often the first to offer buying opportunities for new tokens.
This exchange currently accepts USA residents.
Read our KuCoin Review or visit KuCoin.
Coinbase is a publicly traded crypto exchange listed on the NASDAQ. It is one of the most widely used exchanges in the United States and accepts clients from 100+ countries including Australia, Canada, Singapore, and the UK.
Over 460 billion dollars in volume has been traded by over 70 million users at Coinbase. Security is a paramount feature with 98% of customer funds being stored in secure offline storage. The platform is simple to use and is available on desktop, Android, and iOS, offering trading opportunities in over 140 cryptocurrencies including Bitcoin Cash (BCH).
This exchange currently accepts USA residents excluding Hawaii.
Read our Coinbase Review or visit Coinbase.
Established in 2013, Huobi Global has since become one of the world’s largest digital asset exchanges, with an accumulated trading volume of US $1 trillion. Having once accounted for half of the world’s digital asset transactions, Huobi now serves more than 5 million users in over 130 countries around the globe. It should be noted that Huobi Global currently does not accept USA or Canadian residents.
Huobi Global is one of the top exchanges that currently offers Bitcoin Cash (BCH) trading opportunities.
Read our Huobi Global Review or visit Huobi Global.
WazirX (INDIA Only)
WazirX is India’s biggest cryptocurrency exchange with over 400,000 users, and is expanding rapidly. It is one of the most reputable exchanges to currently offer Bitcoin Cash (BCH) trading opportunities and currently accept clients from all over the world. This exchange is part of the Binance Group, which ensures a high standard of quality.
USA residents are prohibited.
Read our WazirX review or visit WazirX
What is Bitcoin Cash (BCH)?
Bitcoin Cash is an open-source, decentralized, cryptocurrency. It was created in August of 2017, when a ‘hard fork’ of the Bitcoin (BTC) blockchain occurred.
What does it do?
Bitcoin Cash functions, primarily, as a digital currency. The network leverages blockchain technology to facilitate and track transactions through use of a digital ledger.
When used appropriately, BCH allows for cheap (<1cent transaction fees avg.) and quick transfers of value to occur. These transactions can take place between any network participants, regardless of geographical location.
How does Bitcoin Cash (BCH) work?
Bitcoin Cash is a cryptocurrency built on blockchain technology. It utilizes a proof-of-work protocol in the same manner as BTC. When comparing the two, the most notable difference is the approach to scalability. While the BTC community has decided in favour of smaller block sizes, and developing second layer technologies, like the lightning network, the BCH community has decided that larger block sizes is the way forward.
Currently, average blocksizes on the BCH network are roughly 8mb, while they are roughly 1mb on BTC.
Projected Developments?
Moving forward, Bitcoin Cash has an extensive roadmap laid out. Each pit stop on this roadmap is centered around the overarching goal of creating a globally used currency.
The following is an excerpt from bitcoincash.org, elaborating on how they will achieve this goal.
- Enable Bitcoin Cash to scale from ~100 Tx/s to over 5,000,000 Tx/s. Protocol improvements must be made so that mass-parallelization can enable this level of transaction processing.
- Improving the payment experience to ensure that it is instant and reliable. Transactions should be secure within three seconds.
- Make Bitcoin Cash extensible. An extensible protocol makes future improvements less disruptive, and provides a solid base for businesses and developers to build on.
Underlying Ideology?
Those that believe in BCH often tout the blockchain as being the closer to Satoshi Nakamoto’s original whitepaper than BTC itself. As such, it would reason that the underlying ideology behind BCH is one and the same with BTC. This means the goals of BCH would be as follows,
- Inclusive
- Stable
- Free of government/banking manipulation
Acceptance and Controversies?
Leading up to August 2017, there was only Bitcoin (BTC). At this time, a controversial change to Bitcoin’s source code was implemented – SegWit. This change was meant to be an upgrade, allowing for faster and safer transactions to take place. Not everyone agreed on this path moving forward though. Others felt as though bigger data blocks, and faster block times, were the best way to achieve the same goal.
This divide between network participants resulted in a ‘hard fork’. This, essentially, saw the creation of a new blockchain (BCH). While both BCH and BTC share the same ledger up until that point in time, they are unique from that point forward.
This move was, and continues to be, viewed as quite divisive. This is partly because many viewed the creation of BCH as simply being a way to ‘create money from nothing’, as the coins were distributed among BTC holders at the time.
While BCH has shown to have staying power, years later, there still remain many strongly for/against the coin. Today, detractors primarily view BCH as trying to unjustly supplant BTC as the ‘go-to’ cryptocurrency, as BCH often touts itself as the original.
Regulation?
While few regulators have discussed BCH specifically, it is widely viewed as not being a security. As no token sale took place, and the currency operates in a decentralized fashion, most categorize BCH in the same vein as BTC – a digital currency.
This news is republished from another source. You can check the original article here