Purchase Bitcoin Cash (BCH) with US Dollar (USD) 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.
Like Bitcoin, Bitcoin Cash uses a Proof-of-Work (PoW) consensus mechanism, relying on miners to validate and confirm transactions on the blockchain.
A hard fork is a split in a blockchain, creating a new, separate blockchain. BCH forked from Bitcoin in 2017 due to differing views on how to handle scalability, leading to the creation of a new blockchain with larger blocks.
Bitcoin Cash uses cryptographic principles and decentralized consensus (PoW) to secure transactions, making it resistant to censorship and hacking.
Yes, Bitcoin Cash can be mined using a PoW consensus mechanism. Miners verify transactions and secure the network, earning BCH rewards for each block they successfully mine.
Bitcoin Cash was created by a group of Bitcoin developers and miners who disagreed with Bitcoin’s approach to scalability. Key supporters included figures like Roger Ver and the company Bitmain.
For secure trading of USD to BCH, always use reputable cryptocurrency exchange platforms with strong security features like two-factor authentication (2FA). Double-check the BCH address format (e.g., CashAddr) before confirming any withdrawal. Store your acquired Bitcoin Cash in a secure digital wallet, preferably a non-custodial one where you control the private keys, protecting your access to the Bitcoin Cash network. Beware of phishing attempts when engaging in any fiat on-ramp activity or blockchain transaction.