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Below is the Best10 Team's choice of the best Bitcoin Cash Brokers & Exchanges available. We have narrowed the selection for you based on security, functionality, instruments, commissions and ease of use.
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Bitcoin Cash is peer-to-peer electronic cash for the Internet. It is fully decentralized, with no central bank and requires no trusted third parties to operate.
Bitcoin Cash (BCH) is derived from a fork in the bitcoin protocol that took place on 1 August 2017. The fork arose from a difference of opinion amongst developers on the best way to increase the speed of bitcoin transactions (every 10 minutes and likely to slow as the number of transactions increases).
Owners of bitcoin at the time of the fork also own the same amount of bitcoin cash after the fork.
Any cryptocurrency depends heavily on its miners to run smoothly. Lately, bitcoin cash has attracted a growing number of miners which has significantly improved its hash rate. Also, more and more exchanges are agreeing to take up bitcoin cash. When it first started most exchanges were reluctant to take up BCH, but now more and more exchanges are accepting it. This, in turn, gives it credibility which increases its value.
More and more miners are coming into it. As explained above, BCH currently is very lucrative for miners and many of them are coming in and giving their hashing power which in turn increases its value. At the same time, since the block size is 8 MB as well, it will enable more transactions within the block which will generate more transaction fees for the miners.
In short, we have no idea how bitcoin cash is going to turn out in the future nor do we know the long term repercussions that it will have on BTC. What we do know is that this is the first time that anyone has successfully hardforked from BTC whilst keeping the records of the existing transactions. At the same time, the 8 mb block size is an alluring aspect and it remains to be seen how this affects the miners in the long run, and whether it can really address all the scalability issues. What we can say for sure is that we have a very interesting future ahead.
We currently have no information on where you can spend your bitcoin cash. We will update this section when we have more news.
We recommend you buy, sell or trade bitcoin cash through a trusted broker. Our favourite is at the top of this page.
Risk Disclosure: Trading in financial instruments involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Before deciding to trade in financial instruments you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Best10Stockbrokers would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Best10Stockbrokers and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Best10Stockbrokers and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website. Best10Stockbrokers may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
