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What is Bitcoin Cash?

Bitcoin Cash (BCH) is a peer-to-peer electronic cash system that aims to fulfill the ‘original’ promise of Bitcoin but acting as true electronic cash. Bitcoin Cash came about as a result of a Bitcoin hard fork that occurred in August 2017.

  • Bitcoin Cash was created to accommodate a larger block size than its original counterpart, BItcoin. The change in Bitcoin Cashes block size allows for greater scalability which lends itself to being suited as a medium for daily transactions.
  • Bitcoin Cash and Bitcoin share several technical similarities, they both use the same consensus mechanisms and have capped their supply at 21 million coins in circulation.
  • Another difference between Bitcoin Cash and its originator is the lack of Segregated Witness (SegWit) technology. The goal for leaving this out of Bitcoin Cash was to ensure mining stayed as easy as possible.

Bitcoin Cash aims to be a pure peer-to-peer electronic cash transfer system, which incorporates some of the best components of Bitcoin while also having large blocks to ensure greater scalability.

How do I swap Bitcoin Cash?

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Click 'Swap' to confirm. Your coins will arrive in your wallet within minutes!

Learn more about Bitcoin Cash

Why Should I Trade BCH with CoinSpot?

CoinSpot is Australia’s largest cryptocurrency platform that has been operating since 2013 and is trusted by over two million Australians. We make it easy to buy and sell Bitcoin Cash no matter what your trading experience is. Unlike other international and Australian Bitcoin Cash exchanges that require experience and technical knowledge, we make the entire trading process simple for beginners and advanced traders alike.

CoinSpot provides layered security and advanced support systems so you can buy Bitcoin Cash with peace of mind and the comfort knowing support is available everyday to help. There are multiple trading options on our exchange that allow you to conveniently trade Bitcoin Cash how you want to. You will feel familiar with CoinSpot from the beginning and have access to everything you need to buy, sell and manage your cryptocurrency.

How do you store your Bitcoin Cash?

Storing on CoinSpot

Due to CoinSpot’s flexible Multicoin Wallet, storing your digital currency is simple. Just by creating your CoinSpot account you will automatically be given your own unique wallet where you can store your Bitcoin Cash for free.

Cold Storage

If you are holding Bitcoin Cash as a long term investment, you can utilise a cold storage wallet and send your coins there from your CoinSpot account. A cold wallet is a wallet which is completely offline (not connected to the internet) and is a popular option amongst people who prefer to hold their coins, rather than regularly trade.

Frequently asked questions

Right here! CoinSpot offers traders a fast, simple, easy and secure way to buy Bitcoin Cash. We are trusted by over two million customers and with just a few clicks, you can exchange Australian Dollars or other cryptocurrencies for Bitcoin Cash. CoinSpot helps users easily buy crypto, build their portfolio, make secure purchases and invest in this exciting asset class.
Bitcoin Cash has a floating exchange rate – meaning its price is set by individual vendors based on available supply and demand. As Bitcoin Cash is a globally traded asset, the price can vary across the world based on order books, volume, exchange rates and service fees of each individual Bitcoin Cash exchange.
Cryptocurrency differs from other traditional trading options as you can make fractional purchases, meaning you don’t have to buy whole coins. This means you can start investing in Bitcoin Cash & other digital currencies with as little as $1!
Practicing safe investing is best treated as a shared effort. CoinSpot provides a list of security tips that we recommend putting into practice to ensure you’re keeping yourself secure. Step one to buying Bitcoin Cash safely however is using a reputable exchange such as CoinSpot. We are the first Australian exchange to be awarded the internationally recognised ISO 27001 certification for security management and processes. Operating since 2013, we’re proud to say we’re Australia’s most trusted exchange. Start your Bitcoin Cash portfolio here.
Yes! With CoinSpot you can convert your Bitcoin Cash to AUD (Australian Dollars) instantly. You can also withdraw AUD to your Australian bank account for free with no withdrawal limits.

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