Binary.com launches trading with Bitcoin Cash

We are hurrying to inform that the broker BINARY launches new Bitcoin Cash (BCH). So, today you can haggle on the trading platform of the broker BINARY. It offers to open three cryptocurrencies accounts – Bitcoin Cash, Bitcoin and Litecoin.

WHAT IS BITCOIN CASH?

It is, first and foremost, newly formed interesting cryptocurrency. It has appeared at a time when Bitcoin experienced the hard times — in other words, survived the separation.

Bitcoin Cash gets its value directly from Bitcoin, sharing many of its characteristics. And already, since its appearance, becoming larger and larger exchanges. Of course, that gives credibility and enhances the value of this cryptocurrency. For today, Bitcoin Cash is the second most expensive cryptocurrency on the market after Bitcoin.

It creates a free-denominated account system, using which you will be able to replenish the deposit, make the trades and withdraw your profits in the BCH.

In addition, the replenishment and withdrawal of funds form these accounts proceeds more quickly and efficiently than from usual, because there is no need to use credit cards or banks. We are convinced on one hundred percent, that everyone should experience the possibility of trading this revolutionary cryptocurrency, because it has long won the status of one that is shaping the future of online commerce.

A FEW WORDS ABOUT BITCOIN CASH

Bitcoin Cash is a “future” that is rapidly gaining audience and market, fueled by global adoption, innovation, and decentralized development. It is a completely decentralized Internet system that does not have a centralized bank and does not require a trusted third party. Anyone can easily join the owners of Bitcoin Cash.

Bitcoin Cash traders are offered next:

— fast transactions in a few seconds;

— reliable network operating without reloadings;

— really low fees;

— the most reliable block chain technology in the world.

The difference between Bitcoin and Bitcoin Cash is that the second one is a direct continuation of the project of Bitcoin as a peer-to-peer digital cash. In simple words, it is a “fork” of the blockchain Bitcoin ledger, which includes updated rules, allowing it to grow and scale.

Everyone who held Bitcoin at the time Bitcoin Cash was created, become directly owners of Bitcoin Cash. In other words, holders of Bitcoin on the block 478558 (1 Aug 2017 at about 13:16 UTC) have the same amount of Bitcoin Cash that was on their accounts at that time. But, if Bitcoins are stored by a third party, the trader must request in person them about the exchange.

You probably will wonder: why was this “fork” and Bitcoin Cash at all? The answer is very simple and logical. It’s all in deprecated code of Bitcoin, with a maximum limit of 1 MB of data in the block or 3 operations per second. As a result, in 2017 the commissions rapidly grew up and Bitcoin has become relatively unreliable. Some users even were not able to confirm their transaction, even after waiting for several days. Consequently, Bitcoin has stopped its growth, and even reverse — its market share that was dropped from 95% to 40%. But Bitcoin Cash was able to increase the limit of the block size to 8 MB. This gave sufficient capacity to conduct all transactions. Also low fees and fast confirmation was returned, which had a favourable impact on the network, which is growing again.

(!) We hasten to draw your attention to the fact that you should know and understand the real differences between Bitcoin and Bitcoin Cash. Account in Bitcoin Cash will not be transacted into Bitcoin, as a vice versa.