Reasons to Buy Bitcoin Cash (BCH)
• It has a fixed supply of 21 million coins.
• Bitcoin Cash is a P2P crypto with faster payments and low transaction fees.
• It has a maximum block size of 32MB.
• It can record up to 15000 transactions per block
• Bitcoin Cash has the capability to record up to 200 transactions per second.
What is Bitcoin Cash (BCH)?
Bitcoin Cash is the result of a fork in Bitcoin that happened in August 2017, which is why there are a lot of technical similarities between the two.
It was created to serve as a medium between digital cash and as an investment piece. Bitcoin Cash can accommodate larger blocks enabling it with a higher number of transactions. Compared to Bitcoin, Bitcoin Cash registered almost 15 times more transactions in a single block. The mining procedures were identical for a long time but were revised for Bitcoin Cash to make it easier to generate this crypto.
Things to consider before buying Bitcoin Cash (BCH)
• Bitcoin Cash has a shorter wait time and low transaction fees that make it a lucrative buy.
• It works on the Proof-of-Work consensus algorithm.
• No ‘Replace-by-fee’ allows for more secure transactions.
FAQ's
1. How Can I Buy Bitcoin Cash In India?
CoinSwitch App is the simplest way to buy Bitcoin Cash in India. Sign up now and start investing with ₹100 – Click Here
2. Can I Buy Bitcoin Cash Directly?
Bitcoin Cash could also be bought directly through Peer to Peer (P2P) trade. There is always an option to buy from a decentralized exchange (DEX) or from anyone who already has Bitcoin Cash. But the problem that arises in going through this route is the complex functionality of these exchanges and also finding a trustworthy seller who can provide you the Bitcoin cash. Therefore, this route is mostly taken by the Pro traders.
Download the CoinSwitch App to buy crypto with just a single click!
3. How to Buy BCH Coin?
You can buy Bitcoin Cash in just 4 steps on CoinSwitch:
• Open the CoinSwitch App, click on the Market tab from the bottom navigation, and select Bitcoin Cash.
• Click on the ‘Buy’ button.
• Enter the amount that you would like to buy Bitcoin Cash for, say ₹100, and click on the ‘Preview Buy button’
• Check all the details of your order and proceed by clicking ‘Buy.’
Congratulations, you just bought your first Bitcoin Cash!
4. What Price To Buy Bitcoin Cash (BCH)?
There is no fixed price to buy Bitcoin Cash because of the developments and changes that could make it more valuable over a period of time. This will surely make you regret not buying it at the lower price.
Instead, you can invest small amounts periodically and balance the opportunity and risk. Start investing in Bitcoin Cash for as low as ₹100.
5. What Time To Buy Bitcoin Cash?
There is no particular time to invest in cryptos because the moment you plan to buy it at lower prices, Bitcoin Cash will start rising. So, it’s better not to lose the opportunity and start investing from today.
Take it a start but invest in small amounts. A better approach would be to invest a lump sum in Bitcoin Cash (BCH) in dips and average your portfolio for better returns.
6. What Platform To Buy Bitcoin Cash?
Bitcoin Cash could be bought on a variety of platforms but what differs is the experience and process that can be a tiresome job. You can buy it with just a single click, just like you post your favorite picture on social media applications.
The crypto apps that are available in the market are complex to use and can make your buying experience horrible; however, CoinSwitch App provides complete peace of mind by allowing you to buy cryptos with ease.
