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Bitcoin Cash Price: Things I Wish I’d Known Earlier

by bitcoinmining

Bitcoin cash was born out of the idea of making Bitcoin more practical for small, day-to-day payments. Bitcoin Cash price today is $248.39 with a 24-hour trading volume of $1,778,932,318. It also has a circulating supply of 19million coins and a max supply of 21million coins. Currently Bitcoin Cash price is the most active market trading compared to other currencies in the cryprocurrency market around the world. Bitcoin Cash has so many differences and many advantages that make it different and more advantageous in the market.

How does Bitcoin Cash differ from Bitcoin?

Bitcoin Cash is a result of a chain split from Bitcoin, it shares much of Bitcoin’s fundamental workings. In fact, they even share the same history. Due to it being a fork of Bitcoin, all on-chain data prior to the split are inherited. If you owned 1bitcoin before the creation of Bitcoin cash, you now have 1 BTC and 1 BCH.

How do I store my Bitcoin Cash?

If you are new to crypto currencies or not careful with key management, it can be confusing to deal with Bitcoin Cash especially if you own Bitcoin and Bitcoin-forks. Bitcoincash organization recommends a few wallets to use when storing your Bitcoin Cash.  Some of these wallets are Bitcoin Cash wallet, Trezor (Hardware wallet), Ledger (Hardware wallet), Breadwallet, Exodus, ElectroCashWallet, and many other wallets. However, always do your own diligence to select the best wallets that suit your needs.

How to claim Bitcoin Cash

If you are in possession of Bitcoin tokens before August 1st, 2017 when the Bitcoin cash hard fork happened, you are entitled to receive the same amount of tokens in BTH. The methods of claiming your free Bitcoin Cash tokens will vary depending on the kind of wallet you use. If you are using a full node wallet, which is a wallet that requires you to download the entire Block chain, essentially all you need is back it up into a wallet data file. Once it’s done, simply import it into a full node Bitcoin Cash Wallet, such as Bitcoin ABC, where you BCH tokens will be available to you.

How to buy Bitcoin cash

Bitcoin Cash is available at a variety of crypto exchanges, depending on your region. For the latest list of exchanges and trading pairs of this crypto currency, just click our market pair’s tab. Be sure to do your own research before picking an exchange for purchasing Bitcoin Cash.

Can Bitcoin Cash Trade Derivatives?

Trade Bitcoin Cash Derivatives is possible, especially if you are looking to enter a long or short Bitcoin Cash position, both perpetual swaps and future are available for trading. Perpetual future markets for Bitcoin Cash are available on various exchanges for you to trade.

In conclusion its we can say that Bitcoin Cash is profit making and is leading in the crypto currencies and it’s advisable for  an individual who is looking to trade using the Bitcoin Cash for its efficiency and ease of trade and it’s a good opportunity for one to make profit since its highly traded around the world.

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