- Learn How To Convert Bitcoin To Cash
- Bitcoin Cash (BCH) price, marketcap, chart, and info
- Convert BCH/EUR, Bitcoin Cash to Euro | CoinCodex
All Bitcoin holders as of block 978558 are also owners of Bitcoin Cash. All are welcome to join the Bitcoin Cash community as we move forward in creating sound money accessible to the whole world.
Learn How To Convert Bitcoin To Cash
Bitcoin Cash is available at a variety of crypto exchanges, depending on your region. For the latest list of exchanges and trading pairs for this cryptocurrency, click on our market pairs tab. Be sure to do your own research before picking an exchange for purchasing Bitcoin Cash.
Bitcoin Cash (BCH) price, marketcap, chart, and info
*Fiat money is another name for government-issued currency (., . dollar, Euro, etc.) which means it is not backed by a physical commodity such as gold or silver.
Convert BCH/EUR, Bitcoin Cash to Euro | CoinCodex
For now, however, there are still relatively few businesses or individuals that accept payment in bitcoin. That is one reason you may want to convert your bitcoin to cash—to use the value of your bitcoin to buy actual things. Another reason is when the market is in decline. If you think the price of bitcoin is going to keep sinking and you want to protect yourself from losses, it makes sense to convert bitcoin to cash while you wait for the bitcoin price to recover.
Bitcoin Cash is a peer-to-peer electronic cash system that aims to become sound global money with fast payments, micro fees, privacy, and high transaction capacity (big blocks). In the same way that physical money, such as a dollar bill, is handed directly to the person being paid, Bitcoin Cash payments are sent directly from one person to another.
As a permissionless, decentralized cryptocurrency, Bitcoin Cash requires no trusted third parties and no central bank. Unlike traditional fiat money, Bitcoin Cash does not depend on monetary middlemen such as banks and payment processors. Transactions cannot be censored by governments or other centralized corporations. Similarly, funds cannot be seized or frozen — because financial third parties have no control over the Bitcoin Cash network.
Development to further optimize the Bitcoin Cash network continues on the Bitcoin Cash roadmap , led by the Bitcoin ABC full node team. Planned upgrades take place every six months to put into effect the latest network developments.
The idea that bitcoin will eventually replace fiat currencies* is the reason so many people are investing in it now. In theory, you will one day be able to use bitcoin for any type of purchase when it replaces fiat currencies, like . dollars, which will no longer be necessary.
One of the main differences between Bitcoin and Bitcoin Cash is the block size limit and transaction fee. As Bitcoin Cash has bigger blocks and arguably lower usage, sending Bitcoin Cash on the network is relatively cheaper and faster than if done on Bitcoin. In that sense, Bitcoin Cash does serve as a faster and more efficient form of digital currency as extolled by Bitcoin Cash proponents.