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15.65%
What is BCH coin? Introduction to platforms that can buy and sell BCH coins
Bitcoin Cash (BCH) emerged as a fork of the Bitcoin blockchain in 2017, aiming to address scalability and transaction fee limitations perceived in Bitcoin.
Oct 13, 2024 at 01:06 pm
What is BCH Coin?
- Understanding Bitcoin Cash (BCH)
Bitcoin Cash (BCH) is a cryptocurrency that originated as a fork of the Bitcoin blockchain in August 2017. It aimed to address perceived limitations of Bitcoin, such as scalability and transaction fees.
- Key Features of BCH
- Increased block size: BCH's block size is significantly larger than Bitcoin's, allowing for a higher volume of transactions.
- Faster transaction speeds: With the larger block size, BCH transactions are typically processed faster than Bitcoin transactions.
- Lower transaction fees: BCH transactions typically incur lower fees compared to Bitcoin.
- Platforms to Buy and Sell BCH Coins
Centralized Exchanges:
- Binance: A global cryptocurrency exchange with high trading volume and support for BCH.
- Coinbase: A user-friendly exchange with support for multiple cryptocurrencies, including BCH.
- Kraken: A well-established exchange with a good reputation and BCH trading capabilities.
Decentralized Exchanges:
- Uniswap: A decentralized exchange that allows users to trade cryptocurrencies directly with each other, including BCH.
- SushiSwap: Another decentralized exchange with a variety of cryptocurrency trading pairs, including BCH.
- PancakeSwap: A decentralized exchange primarily focused on trading tokens built on the Binance Smart Chain, which also supports BCH.
Peer-to-Peer Exchanges:
- LocalBitcoins: A popular peer-to-peer marketplace where users can buy and sell BCH directly with each other.
- Bisq: A decentralized, open-source platform that allows users to trade BCH and other cryptocurrencies anonymously.
How to Buy BCH:
- Choose a reputable platform from the options listed above.
- Create an account and verify your identity if required.
- Fund your account using a supported payment method (e.g., bank transfer, credit card).
- Navigate to the BCH trading page and place a buy order at the desired price.
- Review your order and confirm the trade.
How to Sell BCH:
- Select the platform where you hold your BCH coins.
- Go to the sell page and create a sell order at the desired price.
- Once the order is filled, your BCH coins will be sold.
- Withdraw the proceeds to your bank account or other desired destination.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
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