Bitcoin Cash Price for today is $270.405. Its current circulating supply is BCH 18,553,075 with a market cap of $5,016,848,813.24.
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People new to crypto often find it hard to distinguish between Bitcoin Cash (BCH) and Bitcoin (BTC). The key difference is that Bitcoin (BTC) is the older chain, while the latter is a fork. While this coin was created in July 2017 through a hard fork of Bitcoin, the concept of it dates back to as far back as late 2015. At the time, there were growing concerns about Bitcoin’s scalability, and a section of the community wanted to accommodate more transactions by expanding the block size. One of the key proponents of a block size increase was Roger Ver (the main figure behind it). When consensus failed, Ver and like-minded investors forked Bitcoin and created Bitcoin Cash, a similar chain, but with a bigger block size. Since its launch, this coin’s price has moved in tandem with the rest of the crypto market and hit an all-time high of $4,355.62 in December 2017. It has since dropped and ranks, 5th, with a market cap of $5.493 billion. You can check out our 2020 Bitcoin Cash price prediction here.
The main defining feature for this chain is scalability due to having a larger block size. This makes it one of the most reliable networks that can run without lagging due to congestion. It also has low transaction fees, and is one of the most secure blockchains in the market.
For practicality, you need a way to exchange BCH to other coins, or cash. This can be for trading, or any other reason. For trading purposes, one might find it necessary to convert your coins to a stable coin such as Tether (USDT) in volatile times.
For conversion, you need a Bitcoin Cash converter that is fast, easy to use, and has low fees. ChangeNOW.io BCH converter offers all that, and more.
ChangeNOW.io is the best Bitcoin Cash exchange on the market and offers seamless and fast transactions. The platform allows users to exchange this coin for BTC and more than 200 other cryptos. The best part about this BCH exchange is that you do not need to register and you can exchange any amount of crypto you want - there is no upper limit.