Why use Bitcoin Cash?

Send Money Anywhere In the World, Almost for Free
With Bitcoin Cash, you can send money to anyone, anywhere in the world, 24 hours a day, 365 days a year. Like the Internet itself, the network is always on. No transaction is too big or too small. And you never need anyone’s permission or approval.

Be Your Own Bank and Have Full Control Over Your Money
While banks can decide to block your transactions, charge you fees, or close your account without warning, Bitcoin Cash gives you full, sovereign control over your funds, which you can access from anywhere in the world.

A Scarce Digital Currency with a Known, Fixed Supply
The Bitcoin Cash protocol ensures there will never be more than 21 million coins in existence. Governments constantly print money out, endlessly inflating the supply and devaluing  savings. Bitcoin Cash has a fixed supply and therefore represents sound money.

Increase Your Privacy and Operate Anonymously
Bitcoin Cash offers more privacy and anonymity than traditional payment systems like bank transfers and credit card payments, since it’s normally impossible to know who controls a Bitcoin address. Bitcoin Cash offers various levels of privacy depending on how it is used.

Token Ecosystem
Storing and managing tokens on a blockchain provides greater transparency and integrity than traditional forms of asset accounting and trading. Bitcoin Cash supports token protocols that power a variety of projects, and it is easy to create your own token backed projects.

Support Freedom Worldwide
Bitcoin Cash is a permissionless, open network. It’s decentralized, voluntary, and non-aggressive. 

Bitcoin Cash wallet

A Bitcoin Cash wallet can either be a software, service or gadget that saves your private and public keys and communicates with the blockchain. The public key of your wallet, also known as your wallet address can be seen as your account number for Bitcoin Cash.

There are many different types of Bitcoin Cash wallets available: Online, Software, Mobile, Full node and Hardware. See the list of wallets.

After you have set up your Bitcoin Cash wallet, you can start depositing/ withdrawing or transferring Bitcoin Cash in My FXOpen, and then trading BCH on the platform.

Bitcoin Cash vs. Bitcoin

What is the difference?

• Block size. While Bitcoin blocks are limited to 1 MB, Bitcoin Cash blocks are up to 32 MB.

• Transaction time. The Bitcoin Cash network can handle many more transactions per second than Bitcoin.

• Transaction fees. Since the Bitcoin Cash network is faster, its transfer fees are lesser than Bitcoin.

• Liquidity. The liquidity and real-world usability of Bitcoin Cash is lower than for Bitcoin as Bitcoin remains the most popular cryptocurrency in the world as well as the largest by market cap.

• Market value. Although Bitcoin Cash is gaining value, Bitcoin is the undeniable leader of all crypto and the highest adopted cryptocurrency today.