Are you thinking of buying Bitcoin Cash for live betting odds and do not know how to do it? Here we have provided a complete guide on how to deposit with Bitcoin Cash.
What is Bitcoin Cash (BCH) and how to deposit with Bitcoin Cash?
Bitcoin Cash was created in 2017 and it is better known as a hard fork. This refers to the separation between Bitcoin (BTC) and Bitcoin Cash (BCH). First, what you need is a Bitcoin Cash wallet.
One of the main reasons why this hard fork was produced is that part of the community believed it necessary to improve Bitcoin. For this purpose, they created the Cash option that stands out, mainly, because its blocks are 8 megabytes.
This makes Bitcoin Cash a virtual currency that is unique and one of the most popular worldwide.
What is Bitcoin Cash for?
The founders of BCH came up with the idea of replacing Bitcoin. The lack of consensus in the community on the issue culminated in the process of creating this cryptocurrency. We can say that its utility is the same as that of Bitcoin, but it has some improvements that were predicted by its creators.
BCH’s improvements over Bitcoin are related to the security and processing speed of the transactions. In addition, BCH has managed to maintain a good position in the ranking of the most valuable cryptocurrencies in the world.
How to buy BCH?
Here we present you some of the most popular platforms from where you can easily buy Bitcoin Cash (BCH):
Coinbase is the world’s largest Bitcoin broker. New users can easily and quickly buy Bitcoins Cash from them. Coinbase supports clients in more than 30 countries, including the United States, Europe, the United Kingdom, Singapore, Canada, and Australia.
Customers in the aforementioned countries can buy bitcoins with a credit card, debit card, bank transfer, and more.
Coinmama allows customers in almost every country to buy bitcoin cash with a debit or credit card. Also, they charge a 5.9% tax on each purchase.
Bitpanda is a Bitcoin broker based in Austria. They have high payment limits and low fees throughout their wide range of payment methods. Bitpanda offers customers the option to buy bitcoins cash by credit card, debit card, Skrill, NETELLER, and online bank transfer.
CEX.io allows you to buy bitcoins by credit card, bank transfer, or cash. Purchases made with a credit card will give you immediate access to your bitcoin. CEX.io works in the United States, Europe, and certain countries in South America.
What are the advantages of Bitcoin Cash?
Since you already know a lot about BCH, let’s talk about some of its advantages.
More speed in your transactions
One of the great motivations for the creation of Bitcoin Cash was, precisely, the series of problems related to the slowness in the transactions of the original currency. If we look at the year 2017, the year in which the BCH was created, there is a great disapproval related to this issue coming from standard Bitcoin users.
Therefore, BCH was born with the idea of bringing improvements to the speed of transactions in the world of cryptocurrencies.
Bitcoin conversion facility
As much as Bitcoin Cash has great growth potential, we cannot ignore the fact that Bitcoin is the strongest and most visible currency in the world. In this scenario, we can say that many times, the need arises for users to convert Bitcoin Cash into Bitcoin.
The good news is that this conversion is very easy. Firstly, this is because BCH has emerged from Bitcoin itself. And secondly, because of the fact that Bitcoin is one of the most accepted cryptocurrencies in exchanges.
Great recovery potential
Finally, we must emphasize its great potential, which is something that comes from its creation. In early 2018, for example, BCH gained great prominence for being considered the fourth largest cryptocurrency in terms of market capitalization, just behind Bitcoin, Ethereum and Ripple.
BCH price, value & price list
How is the Bitcoin Cash price moving? What is the price based on? In the case of CFDs, the prices depend on the broker. That said, if we want to know how prices work in general, the truth is that there is no clear answer.
If we were to overcome with certainty why and how the value of a cryptocurrency is moving, we would be able to predict what it would do. Thus, be able to take advantage of it. However, no one can predict what the listing will do. Therefore, we have to do a price analysis in our own way as we explained in the previous point.
We think that the best way to approach an asset and try to understand how its evolves is by an examination of supply and demand.
This is because that mechanism is used to create prices in most cases. And it is applicable not only to cryptocurrencies or financial markets, but to any other type of product.
In the end, even the price of apples depends on how many people want to buy and the price they are willing to pay. Also, it depends on the people who want to sell and the price they are willing to accept.
Therefore, it seems reasonable to study the possible supply and demand of Bitcoin Cash to try to understand the evolution of its price.