Bitcoin Cash (BCH) Crypto Exchange

Bitcoin Cash was launched in 2017 as a fork of the biggest cryptocurrency — Bitcoin. It appeared when the Bitcoin project and its community split into two due to concerns over scalability in the project’s blockchain. The split caused a hard fork in the said chain, creating a new network. It offers the same principal features as Bitcoin, but with greater potential for scalability in its blockchain network.

Bitcoin Cash enables a larger block size that allows more transactions per second to take place, decreasing transaction fees. After the fork, its block size grew from 1MB to 8MB. Over the years, it has also incorporated new features such as facilitating developers to create new tokens on its blockchain. The coin possesses the same amount of token supply as Bitcoin — 21 million. Bitcoin Cash is used for peer-to-peer transactions, paying merchants for goods and services, and even micro-transactions such as tipping. In October of 2021, the coin’s block size reached 32MB, making BCH even more suitable for everyday life usage.

In June 2022, PayPal expanded its crypto features. In the past users could only pay for purchases with major cryptocurrencies but now PayPal has also announced that some users can withdraw their balance off-platform in cryptocurrency. The list of currencies up for the PayPal withdrawal includes BCH.