How to buy bitcoin cash bcc

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Мне биткоины мнение экономистов топик читали?

Reason 1 : bitcoin cash exists under BCH on the largest exchange Bitfinex. It also trades under BCC on some other exchanges. Before you do anything to obtain your bitcoin cash, make sure you do your due diligence and research as your funds might be at risk. Also, give it some time before the blocks are actually mined. First, make sure that you have a private key to access your bitcoin wallet. Scammers are everywhere. Last week, I received a message on Reddit offering to split my coins for me.

Under any circumstances should you trust similar messages. You will need to create a wallet that accepts bitcoin cash. Most third-party services suspended crypto-trading during the fork. These are various exchange platforms such as Coinbase and the majority of crypto-wallets. This is to ensure that everything runs according to plan. Almost all exchange platforms have now resumed bitcoin trading including Coinbase.

However, before you carry out any transactions, please confirm this with your exchange or wallet. Kraken, for example, supports bitcoin cash but suspended deposits and withdrawals of BCH for the time being. You also want to make sure that you get the best price for your BCH. This, in return, will cause a significant price drop. This is clearly not the case. Also, make sure that under any circumstances you do not install the bitcoin cash client Bitcoin ABC on your desktop whilst having the bitcoin core wallet already installed.

These two wallets are extremely similar and might overwrite the registry and files that could lead to loss of both of your coins. Especially if you store a large amount of coins. Hardware wallets are not only the easiest and most secure way of storing your coins, but also altcoin friendly.

You can use them to get your bitcoin cash or to purchase BCH through them:. Their website has been often down for the past 2 months due to rapidly-increasing amount of new users. In the beginning of August, the Bitcoin industry underwent a major change in what came to be known as the Bitcoin fork. Rather than going into too much of the technical stuff involved, which has proved to be a challenge to even the best of the technical mind going around, what is essentially meant for the traders was that the bitcoins got divided into two, one of which continued to be called as Bitcoin while the other part was called as the Bitcoin cash.

This split had caused a lot of tension for traders and the technologists alike on how exactly this split would happen and what would be the impact of this split in the bitcoin market , in terms of prices, technology, numbers etc. The good news is that so far, the split has been managed pretty well and no major problems have been reported in the bitcoin network so far. This has led to the creation of a new cryptocurrency called Bitcoin cash.

This split also saw many miners shifting from bitcoin to bitcoin cash and it is this exodus that was the major concern of the bitcoin industry but so far, the exodus towards Bitcoin cash has been pretty minimal and has not raised much concern as yet. The idea behind the split was to make the number of transactions possible in the Bitcoin market and this has been more or less largely achieved. Now that the fork is complete, next comes the question of where and how to buy the bitcoin cash.

The simplest method, especially if you had held some bitcoin in your wallet at the time of the split, is that you would have received an equivalent amount of Bitcoin cash in your wallet. If this is not the case, then you have to request your broker or exchange for the same and get the Bitcoin cash into your wallet.

Some exchanges give an equivalent number of Bitcoin cash while some give slightly less for a variety of reasons but this is something that you have to clarify with your exchange. Buying Bitcoin can be done quickly and easily with 2 steps. Below is a step-by-step guide to buying Bitcoin cash:. Same as other cryptocurrencies, you have to open a bitcoin cash wallet in order to store the coin safely.

There are many Bitcoin cash wallets providers that allow you to hold Bitcoin Cash as it is, usually, a similar wallet to Bitcoin. For hardware wallets that provide the most secure method to hold cryptocurrencies, you can use Trezor or Ledger.

As Bitcoin Cash is one of the most popular and used cryptocurrencies, there are many exchanges that support Bitcoin Cash:. Coinbase — One of the biggest cryptocurrencies exchanges that provide Bitcoin cash trading with US dollars. In addition, You can store your Bitcoin cash coins in Coinbase platform. Binance — Currently, the biggest cryptocurrency exchange by volume allows traders and investors to purchase Bitcoin cash with other cryptocurrencies such as Bitcoin or Ethereum.

For those who own Bitcoin or Ethereum, the process is easier as all is needed is to register and open an account at Binance. For those that do not own Bitcoin or Ethereum and prefer to trade via Binance as it has a wide selection of cryptocurrencies, we would advise you to acquire Bitcoin or Ethereum through Coinbase.

Some of the major Bitcoin exchanges like CEO. IX , Kraken , and Bittrex have already started trading in Bitcoin cash and are witnessing surging volumes in them. So, all that you need to do is to visit these exchange sites, take a look at demand and supply and the price and go and get them.

Though Kraken had begun trading in Bitcoin cash in the last few days, it is only today that they started accepting deposits and withdrawals in Bitcoin cash, which is a sign of the growing use of this cryptocurrency in the recent days. Once you have received your Bitcoin cash, either from the exchange or by buying it from the exchange, you can use it any way you want, just like how you would spend any other altcoin for that matter.

You could also convert it into Bitcoin again and use the bitcoins as well. But there are a few things to keep in mind though. The addresses are identical for both bitcoin and bitcoin cash and hence, if you reveal one, it means that you automatically reveal the other as well and this is quite risky in terms of security and privacy. Also, you reveal your public key and not your private key which would, in turn, mean that you are losing out on a specific layer of security that is inbuilt into the cryptocurrency industry.

These are just a couple of things that you need to keep in mind before you start using Bitcoin cash. One of the ideas to overcome this problem would be to move the bitcoin or bitcoin cash to an entirely new address so that you can ensure the safety and security of the other part.

The start of the Bitcoin cash market has been bright as it started off with a large market cap and it also started with a large price tag. Due to the split, Bitcoin cash is no longer associated in any manner with Bitcoin and has to survive on its own. How it survives will be known in the coming days as we wait for more and more miners to jump into the Bitcoin cash market and begin mining. Just like any other cryptocurrency , it is very important that Bitcoin cash gets enough processing power hashrate from the miners to keep building the blockchain , else it will slowly wither away and die.

It is important for the Bitcoin cash industry to build itself a good ecosystem around it so that it would be able to keep those who invest in it satisfies. Those will be important parameters for such instruments to succeed. Bitcoin cash has to develop its own market and show itself to be different and more useful than Bitcoin.

So far, the pickup in Bitcoin cash, in the transactions market, has been slow but it is expected to pick up speed and strength in the coming days as more and more traders and investors begin to realize that it is here to stay. One of the major advantages it already has is the fact that anyone who owned Bitcoin on August 1 will automatically get an equal number of Bitcoin cash and with the proliferation of wallets and with exchanges accepting them, bitcoin cash is likely to do well.