Purchase Bitcoin Cash (BCH) with Swedish Krona (SEK) easily at Switchere and benefit from fast, secure transactions.
Bitcoin Cash (BCH) is a decentralized cryptocurrency that emerged as a fork from Bitcoin in 2017 to address Bitcoin’s scalability issues, aiming to support faster transactions and lower fees. Designed to be more efficient for day-to-day transactions, BCH increased block size limits from Bitcoin's 1MB to 8MB initially, later expanding further to 32MB, allowing the network to handle a higher volume of transactions at a lower cost. Its ecosystem includes wallet support, merchant adoption, and cross-border payments, making BCH a practical alternative for peer-to-peer digital transactions. Bitcoin Cash has also fostered a community focused on preserving the original vision of Bitcoin as "peer-to-peer electronic cash," prioritizing usability in payments over the store-of-value narrative that Bitcoin has adopted. Its robust development team continues to innovate with features such as Schnorr signatures and new smart contract capabilities, making BCH a unique asset in the cryptocurrency landscape.
Some platforms allow users to earn interest on their Bitcoin Cash by lending it, although interest rates and risks vary.
Multisig wallets require multiple signatures for transaction approval, providing enhanced security for shared accounts or high-value BCH holdings.
Bitcoin Cash is designed for payments, while Chainlink is an oracle network that provides external data to smart contracts, serving different functions in the crypto ecosystem.
Bitcoin Cash transaction fees are significantly lower than traditional bank fees, especially for cross-border transfers and small transactions.
Dust transactions involve tiny amounts of BCH, often resulting in minimal fees, allowing users to send very small payments effectively.