Bitcoin Cash appeared on the exchanges after the Bitcoin hard fork at block 478558 after the Segregated Witness. It was supported by the groups who believed that the BIP protocol will not solve the problem of scalability without increasing the block size. They include AntPool and Bitcoin.com mining pools, cryptocurrency wallets, and exchanges like CEX.IO.
Since that time, it attracts the attention of the customers who are willing to multiply their cryptocurrency portfolio. The primary interest in BCH is associated with the solution it introduced to the issue of Bitcoin scalability. A part of the community considered SegWit2x not to be a solution to the problem and believed that it did not comply with the initial roadmap by Satoshi Nakamoto.
So, on August 1, the team initiated a hard fork. The new currency, Bitcoin Cash, was implementing larger block size and the adjustable level of difficulty. It was expected to decrease the dependence of the blockchain on the amount of miners and increase transactions speed. The roadmap presented by the developers emphasizes the focus on the improvement of BCH currency and network. For them, it involves higher reliability and scalability as well as lower fees. They plan to create an adaptive block size as well as improve the difficulty adjustment algorithm even more.
In consideration of this information, the popularity of Bitcoin Cash increases as more users gain interest in the so-called improved Bitcoin. Among various exchanges, CEX.IO, offers a platform where BCH to USD rate is always determined by the market conditions and the demand for the crypto coin. The price is always calculated on the basis of the average one existing on the exchange currently. As for the beginning of December 2017, it is around $1,500-$1,600.
Thus, to buy some BCH, one may use the option of the best available price, which means that one will gain the average cost, considering the orders currently on the market. At the same time, if one would like to wait until BCH price reaches a certain level, CEX.IO platform offers an opportunity of limit orders. With them, you may be certain that you will receive the intended amount of cryptocurrency for the desired price.
Now, if you would like to convert your Bitcoin Cash to USD, CEX.IO provides not only the favorable conditions but also the tools that would assist with making a decision. The online chart reflects the changes of prices, so you may easily learn what rate is actual at the moment. At the same time, it allows the customer to understand market trends and make predictions about the ongoing shifts. With the chart, you can be certain about the relevant price at which it is possible to buy Bitcoin Cash. The same is true for the reversed transactions.
While BCH-USD exchange rates on CEX.IO are competitive, you may be sure that you will receive exactly as much as the cryptocurrency costs at the moment. In addition, the relatively low trading fees will make the process of buying even more profitable. All the fees are explicitly stated on the website, and you will always know what to expect from an operation. On our side, we always do our best to ensure that you are receiving what you have paid for.
With a clear price setting process, CEX.IO offers the simple trading solution for people from all over the world. The service provides a great platform for BCH exchange, and it is successfully used by people from 183 countries over the world. In those countries, you can be sure that all the activities are following the legal requirements. With an extensive area of functioning, CEX.IO has gained recognition of over 1 million customers around the globe, and the number of customers is constantly growing.
Exchanging BCH at CEX.IO and get the opportunity for trading on any continent.