We provide a highly secure and multi-chain OKX Web3 Wallet with all OKX accounts. It can safely store BCH or any other cryptocurrency for as long as needed. In addition, the OKX Web3 Wallet features bank-grade security and inbuilt access to hundreds of decentralized applications (DApps) and the OKX NFT Marketplace. European session buying lifted volume 78% above the 24-hour average as bitcoin cash set higher lows at $462.67, $474.27 and $479.03. Get crypto market analysis and curated news delivered right to your inbox every week.

Exchange

You can track Bitcoin’s price in real-time and its price history on Crypto.com/Price. For one, its name can be quite confusing to new investors, an issue that probably should have been considered during the hard fork. To new users, Bitcoin Cash will consider like a cryptocurrency that is copying Bitcoin. It can be confusing to some who don’t yet know the differences between Bitcoin Cash and Bitcoin. In 2018, after clashes within the Bitcoin Cash community, Bitcoin SV (BSV) forked away from the Bitcoin Cash blockchain as a separate chain and asset. The Bitcoin Cash community aims to keep BCH functional as a scalable means of payment, in part by utilizing significantly larger block sizes than the Bitcoin blockchain.

This requires real economic cost, making attacks extremely expensive. Confidence is mainly based on liquidity, because it’s the most important aspect of cryptocurrency exchanges. Without liquidity there is no trading, illiquid markets tend to collapse in the long term. Besides liquidity – there is also an additional factor in calculation of score – market depth/volume ratio.

Currently, the bitcoin Blockchain block size is not greater than 1 mb. The absolute theoretical maximum number of coins/tokens that is coded and will ever exist in the cryptocurrency’s lifetime. The primary difference is the bigger block size, allowing higher transaction speeds and lower fees. That said, larger block sizes make audit and storage expensive and lead to difficulties downloading a copy of the blockchain.

Decentralized Mining Ecosystem

To view the estimated real-time conversion prices between fiat currencies, such as the USD, EUR, GBP, and others, into BCH, visit the OKX Crypto Converter Calculator. OKX’s high-liquidity crypto exchange ensures the best prices for your crypto purchases. Swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for BCH with zero fees and no price slippage by using OKX Convert. Available trading pairs in the OKX spot trading terminal include BCH/USDT, BCH/USDC, and BCH/BTC. The price of Bitcoin Cash directly correlates with the price of Bitcoin. Hence, any fall or rise in the latter causes a corresponding price action for the former.

Top Platforms to Buy Bitcoin Cash(BCH)

If you’re looking to gain exposure to Bitcoin Cash / BCC with less direct risk, consider investing in publicly traded companies involved in the crypto space. These might include payment platforms like PayPal and Coinbase, hardware manufacturers like Nvidia, or companies like Square that hold crypto assets. While most platforms function similarly, they differ in fees, supported coins, and security features.

Bitcoin Cash (BCH) Markets

From time-to-time we may add links in this newsletter to products we use. We may receive commission if you make a purchase through one of these links. According to a report by Fortune Business Insights, the global crypto market could grow at an average annual rate of 11.1% from 2021 to 2028. Based on this projection, Bitcoin Cash / BCC might see a potential increase of around 52% by the end of 2025.

The live Bitcoin Cash price today is $476.10 USD with a 24-hour trading volume of $489,515,689 USD. The current CoinMarketCap ranking is #13, with a live market cap of $9,500,967,037 USD. More miners make the blockchain more secure by increasing and distributing the hash rate. Mining is the process in which new Bitcoin Cash transactions are confirmed, and new blocks are added to the blockchain. If one of their blocks is accepted by the network, the miner, or mining pool, earns a block reward in the form of newly-issued Bitcoin Cash. Bitcoin Cash (BCH) is a peer-to-peer electronic cash system that aims to become sound global money with fast payments, micro fees, privacy and larger block size.

How Many Bitcoin Cash (BCH) Coins Are There in Circulation?

The hard fork emerged as a “civil war” between two competing camps within the Bitcoin Cash ecosystem. One camp, led by Roger Ver and Bitmain’s Jihan Wu, supported the Bitcoin ABC software, maintaining a 32 MB block size. In contrast, the other camp, led by Craig Steven Wright and Calvin Ayre, favored Bitcoin SV with a 128 MB block size. The frequent updates aim to provide a clearer understanding of the required computing power for BCH mining.

Bitcoin Cash (BCH) is built for everyday users and businesses seeking a fast and cost-effective alternative to traditional payment systems. Its target audience includes merchants looking to accept cryptocurrency for transactions, as well as individuals who prioritize low fees and quick confirmations for peer-to-peer payments. It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It’s a direct cryptocurrency’s supply & demand indicator, and is purely related to its market price. The most significant event in Bitcoin Cash’s history was the 2018 hard fork, resulting in the creation of Bitcoin SV (BSV) on November 15, 2018. This split led to a significant drop in BCH’s price from $444 to an all-time low of $76 on December 16, 2018.

  • There was quite a strange situation involving Coinbase and Bitcoin Cash.
  • Publicly circulating amount of specific cryptocurrency coins/tokens that were mined or issued to date, and are not locked/staked (are available to be traded publicly).
  • Without liquidity there is no trading, illiquid markets tend to collapse in the long term.
  • Another significant development for Bitcoin Cash occurred in March 2020 when Tether (USDT) stablecoin was launched on its blockchain through the SLP (simple ledger protocol) token standard.

BCH Price History

  • One of the things that makes Bitcoin Cash different from Bitcoin is its “difficulty adjustment” for block mining.
  • Bitcoin Cash also reduces the expenses and settlement times for remittances and cross-border trade.
  • The primary difference is the bigger block size, allowing higher transaction speeds and lower fees.
  • However, Bitcoin Cash operates faster and has lower transaction fees than its predecessor, thanks to the larger block size.
  • However, by 2016, as the popularity of Bitcoin increased, the number of transactions on its network grew, leading to slow processing times and higher fees.

The early development of BCH was marked by ongoing debates within the community regarding scaling solutions and its vision as a peer-to-peer electronic cash system. The fees were low and the transactions were reliable for several years. However, by 2016, as the popularity of Bitcoin increased, the number of transactions on its network grew, leading to slow processing times and higher fees. It received support from some in the Bitcoin community, like Roger Ver.

BCH has a highest price of $1,635.15, which was reached on May 12, 2021 (4 years 6 months ago).

Its development remains decentralized and community-driven, with a clear focus on scalability, efficiency, and long-term reliability. A disagreement over block size policies and network direction created a split.Bitcoin Cash ABC remained “Bitcoin Cash,” while Bitcoin SV became its own chain. BCH is used globally for retail purchases, utility payments, e-commerce, and person-to-person transactions. Low fees make it suitable for any amount – from micropayments to high-value transfers.

Bitcoin Cash instead adjusts its difficulty every 10 minutes to reflect the amount of computing power on the network. BCH prices remained under $600 for more than two years until January 2021 when a new bullish cycle began. The token for the forked bitcoin project managed to rise 410% to a peak of $1,636 in May 2021 – the highest price seen in about three years. Download the CMC mobile app to get the live price of BCH, BTC and other cryptocurrencies. If you would like to know where to buy BCH at the current rate, the top cryptocurrency exchanges for trading in BCH are Binance, Coinbase, KuCoin, Kraken and more.

The primary motivation behind its creation was to address scalability issues, allowing for larger block sizes to enable faster transaction bcc bitcoin cash price processing. The fork was initiated by a group of developers, including prominent figures like Roger Ver and Jihan Wu, who advocated for increasing the block size limit. Bitcoin Cash was initially listed on major exchanges shortly after its launch, gaining significant traction in the cryptocurrency market.

BCH price is also impacted by multiple factors, including the token’s fixed supply, adoption efforts, and regulatory changes regarding cryptocurrencies. Bitcoin Cash was born out of disagreements within the Bitcoin community over its ability to scale. When Satoshi Nakamoto developed the Bitcoin network, he limited Bitcoin’s block size to 1 megabyte to prevent people from spamming the network. One of the things that makes Bitcoin Cash different from Bitcoin is its “difficulty adjustment” for block mining. In order to ensure that blocks are being mined consistently, the Bitcoin software adjusts the difficulty factor of mining for every 2,016 blocks mined.