Frequently asked questions
Bitcoin Cash is the result of a fork of the Bitcoin currency that came about in 2017. This cryptocurrency
has a number of changes that differentiates it from bitcoin, including larger block sizes, allowing for greater scalability. Put simply, it was mooted as a bigger, better alternative to its predecessor.
On the ticker, you’ll see Bitcoin Cash called BCH. In practice, the potential confusion between Bitcoin
and Bitcoin Cash makes it clearer to draw a distinction between BTC and BCH in general parlance.
The symbol for Bitcoin Cash is another way of conveying the difference: it’s the same ₿, except that
it’s tilted counter-clockwise rather than clockwise.
The price of Bitcion Cash is defined on crypto exchanges. The market determines the price, where there's an equal amount of buyers and sellers.
Ironically, Bitcoin Cash also roughly follows the swings in bitcoin's price. Additionally, forks have impacted the price of the cryptocurrency in the past. There there were several forks of Bitcoin Cash in 2018, into Bitcoin Cash ABC and Bitcoin Cash SV.
A crypto exchange (or cryptocurrency exchange) is a marketplace where buyers and sellers trade cryptocurrencies. Just like regular stock exchanges, a cryptocurrency exchange serves as a middleman who sets the market price at which an equal number of buyers and sellers can be found.
Is now a good time to buy Bitcoin Cash? Frankly, we don’t know.
But there are several strategies when it comes to crypto investing. One approach is to buy in when price slips. In the crypto community this strategy is known as "buying the dip" (BTD).
Another strategy is dollar-cost averaging: investing a certain amount of money on a set schedule, say $100 every Monday morning. Dollar-cost averaging seeks to average out the lows and highs over time.
No matter which strategy you choose, Cryptoradar’s price alerts help you to not miss a dip, and adhere to your investment schedule.
There are risks associated with any investment. Crypto markets are particularly volatile, with large upswings and downswings. Only invest as much as you can afford to lose.
When it comes to choosing a crypto exchange, there are also a couple of thinks to be wary of.
Before you can start trading, a crypto exchange will ask you to verify your identity. This is necessary because of anti-money-laundering laws. The verification process and time can differ significantly and take anywhere from minutes to weeks.
All crypto exchanges charge a fee or a spread to finance their operations. Fees can differ significantly among exchanges, so make sure to get a good deal.
Additionally, make sure that your preferred crypto exchange supports the payment methods of your choice, but be aware of any additional payment fees that may apply.
Last but not least, if you’re new to crypto, make sure that your chosen platform is easy to use and has good customer support. This helps you avoid making costly mistakes.
Depending on the exchange you’re using to buy Bitcoin Cash, you might find that you need to
first swap your preferred fiat currency for another one (usually the US dollar). Moreover, some
exchanges exclusively support bank transfers as a method of payment, which might pose an obstacle
to those who wish to buy Bitcoin Cash.
If you’d like to compare the available exchanges, you can do so through Cryptoradar. Use the filters
to narrow down the field, and pick out an exchange that matches with your circumstances and
Getting started with crypto can be hard. Our detailed price comparisons and cryptocurrency guides have you covered.
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- Buy Bitcoin Cash in the USA
- Buy Bitcoin Cash in the UK
- Buy Bitcoin Cash in Canada
- Buy Bitcoin Cash in Australia
- Buy Bitcoin Cash in New Zealand
- Buy Bitcoin Cash in South Africa
- Buy Bitcoin Cash in Dubai & Abu Dhabi
- Buy Bitcoin Cash in Singapore
- Buy Bitcoin Cash in India
- Buy Bitcoin Cash in Ireland
- Buy Bitcoin Cash in Hong Kong