Bitcoin Cash is a decentralized peer-to-peer electronic cash system that allows global payments without a central authority like a government or financial institution. Many see its inception as a turning point for DeFi as it serves as a long-term store of value and a highly effective medium of exchange. The fixed supply of Bitcoin Cash (BCH) makes it unique, although it shares many similarities with Bitcoin from which it was forked. While BCH uses the same network, the Bitcoin Cash block (in the blockchain) is eight times bigger than that of Bitcoin. This allows BCH to be cheaper and faster and to have greater scalability than Bitcoin. The addition of Emergency Difficulty Adjustment (EDA) makes the BCH blockchain both secure & immutable. Bitcoin Cash supports smart contract languages like Cashscript to enable 'decentralized finance' applications like synthetic derivates trading.
How To Buy Bitcoin Cash or Add it to your strategy
The fastest, most convenient way to purchase Bitcoin Cash is to purchase it on ICONOMI. We check Bitcoin Cash live prices on 10+ crypto exchanges and buy it at the best market price.
You can buy Bitcoin Cash by adding it to your private Crypto Strategy (crypto portfolio). You can also use our recurring buy feature that tends to level out cryptocurrency price volatility effects. You can find out more about how to benefit from smaller investments at regular intervals on our blog article.
We recommend you do your own research and cryptocurrency analysis. Experienced crypto trades use fundamental and technical analysis to evaluate if Bitcoin Cash is a good buy/sell. Fundamental and technical analyses are the two most common types of analysis used in trading traditional assets (e.g. stocks and bonds).
If you are unfamiliar with analyzing cryptocurrency prices and want to buy Bitcoin Cash, we recommend you read the next section, as copying might be a better approach.
Add Bitcoin Cash to your portfolio by copying a Strategy
If you are not skilled at these, consider a different approach to investing in cryptocurrencies. You can learn from and copy seasoned crypto traders on ICONOMI who regularly share their insights and manage their public Crypto Strategies. Go to the strategies page and use the “ticker” filter to find out which public Crypto Strategies have Bitcoin Cash in their structure.