Bitcoin Cash was created when a group of developers not content with the Segregated Witness feature which had recently been added to Bitcoin. They implemented a change which forked the Bitcoin code in mid 2017. At the time of the fork anyone owning Bitcoin was also in possession of the same number of Bitcoin Cash units.
Bitcoin Cash’s goal is to be used by merchants and users as a form of payment, a "peer-to-peer electronic cash system". It provides fast, secure transaction with low fees. Adoption of the cryptocurrency by merchants is a huge influencer of the coins success and valuation.
Altcoin adoption has a major role in positive price increases, adoption is hugely influenced by the use cases of the coin. Spreading of FUD by media, negative press from influential people, banning of crypto by certain countries (regulation) and hacking of altcoin and exchange platforms has a negative effect on altcoin prices.
Bitcoin Cash can be converted from digital currencies on our cryptocurrency conversion service. This means you can buy with ZAR, EUR, NGN, GBP, AUD and many more. Supporting 25 countries, can be bought using the most convenient local payment method; including bank transfers, PayPal, TransferWise, supported fiat deposits, direct deposits and M-Pesa. Credit card payments are coming soon.
Bitcoin Cash can be sold for BTC or other cryptocurrencies via the Coindirect conversion service. Bitcoin Cash can also be traded in real time against other digital currencies on our cryptocurrency exchange.
Disclaimer: The content on this page should not be taken as financial advice. Never invest what you can’t afford to lose as the cryptocurrency market is volatile. Always research as much as possible before buying any coin.