Bitcoin Cash (BCH), also known as Bitcoin Cash, emerged in August 2017 through a hard fork of the Bitcoin blockchain—a community-driven protocol update. By increasing block sizes, Bitcoin Cash enhances scalability, processing more transactions per second at lower fees compared to Bitcoin. This makes BCH a practical payment solution beyond just a store of value. As a prominent cryptocurrency, BCH aims to achieve widespread adoption like Bitcoin.
You can invest in BCH by purchasing the token directly and profiting from price fluctuations. However, this strategy only works when BCH prices rise and excludes leverage trading. BTCC’s futures contracts address these limitations, allowing you to capitalize on BCH’s volatility with built-in leverage (up to 50x). This guide walks you through the basics of trading BCH.
👉 Trade BCH with 50x leverage on BTCC
What Is Bitcoin Cash (BCH)?
Bitcoin Cash (BCH) is a cryptocurrency created from a Bitcoin fork in August 2017. It was designed to accommodate larger block sizes, enabling higher transaction throughput and improved scalability. While BCH shares Bitcoin’s consensus mechanism and 21-million supply cap, it diverges philosophically by prioritizing utility as a medium of exchange.
Key Differences:
- Bitcoin (BTC): Focuses on being a decentralized store of value.
- Bitcoin Cash (BCH): Optimizes for faster, cheaper transactions.
In November 2018, BCH underwent another fork, splitting into Bitcoin Cash ABC (now eCash/XEC) and Bitcoin Cash SV (Satoshi’s Vision).
Current BCH Price (April 1):
- Price: $674.52 (↑12.38% in 24h)
- Market Cap: $13.27B (Rank #14)
- Circulating Supply: 19.68M BCH
Trading Bitcoin Cash: Spot vs. Futures
1. Spot Trading
Buy low and sell high based on market value fluctuations. Requires strong technical analysis skills to time entries and exits accurately.
2. Futures Contracts
BTCC offers BCH/USDT perpetual contracts with up to 50x leverage. Benefits include:
- Profit from both rising and falling markets.
- No funding fees for quarterly contracts.
- High liquidity and deep order books.
👉 Start Trading BCH Futures on BTCC
Why Trade BCH on BTCC?
- Zero Funding Fees: Unlike perpetual contracts elsewhere, BTCC’s quarterly contracts charge no recurring fees.
- High Leverage: Up to 225x leverage for amplified returns (vs. 125x on most platforms).
- Security: Operates since 2011 with no security breaches.
- Global Licenses: Compliant in the U.S., Canada, and Europe.
- Diverse Assets: Trade 300+ cryptocurrencies, stocks, and commodities.
Step-by-Step Guide to Buying BCH on BTCC
1. Register an Account
- Sign up on BTCC’s website and verify your email.
- Bonus: New users get 10 USDT after registration (+10 USDT via LINE promotion).
2. Complete KYC Verification
- Submit ID (passport recommended) and enable 2FA (Google Authenticator) for security.
3. Deposit Funds
- Fiat: Use credit/debit cards or bank transfers.
- Crypto: Transfer BCH or other tokens to your BTCC wallet.
- Swap: Exchange existing holdings for BCH via "Flash Swap."
4. Trade BCH Futures
- Navigate to Contracts > USDT Perpetual > Search "BCH/USDT."
- Choose order type (Market/Limit/Stop-Loss) and set leverage (1–50x).
- Enter amount, set take-profit/stop-loss, and confirm trade.
FAQ
1. Is Bitcoin Cash a good investment?
BCH suits traders seeking volatility and low-fee transactions. Diversify your portfolio and use risk management tools.
2. What’s the minimum investment on BTCC?
You can start with just 0.5 USDT.
3. How do I withdraw BCH from BTCC?
Go to Assets > Withdraw, select BCH, enter your wallet address, and confirm.
👉 Explore BTCC’s BCH Trading Pairs
Final Thoughts
BTCC combines deep liquidity, competitive fees, and robust security for BCH trading. Whether you’re hedging or speculating, its intuitive platform caters to all experience levels.
Start today and claim your 10 USDT bonus!
Disclaimer: Trading cryptocurrencies involves risk. Past performance doesn’t guarantee future results.