Bitcoin Cash
What is Bitcoin Cash
Bitcoin Cash was created by the Bitcoin hard fork on
August 1, 2017, made a new version of the blockchain with different rules. Bitcoin Cash was
created as a result of counteracting a prolonged Bitcoin scalability problem. It works by
switching from the main Bitcoin blockchain to a new version, the software now has capacity for a
larger number of transactions (by eight megabytes to be exact).
Don’t miss your opportunity to trade Bitcoin Cash with the #1 licensed and regulated
award-winning broker!.
How to Trade Bitcoin Cash in 4 Easy Steps
Open a trading account with Elite Spread Pro
Fund your account
Fill in your preferred investment amount
BUY (go long) or SELL (go short) Bitcoin Gold
Bitcoin Cash in the markets
Since the infant cryptocurrency launched it had more than
doubled in value from the initial Bitcoin Cash price of $300 to over $600. Investors are
wondering if this could be labeled the ‘new king of cryptocurrencies’.
But Bitcoin Cash got off to a slow start in the beginning. If it was not for the Bitcoin Cash
mining algorithm breathing life in to the new instrument, it would not seem as attractive to
profit-seeking computer miners.
Once the finance markets got wind of this jump and rise in the rate at which the ‘blocks’ were
being produced (known as hash rate), traders and investors started to bid up the BCH price,
hence its rise in popularity.
5 Facts You Should Know About Bitcoin Cash
Created from a hard fork of Bitcoin and expected to have quicker reactions to transactions, the
Bitcoin Cash fork occurred at block 478,559.
Despite its reasons for creation and its origins, the BCH coin is considered an altcoin for
now. It is not Bitcoin and has no direct connection to Bitcoin’s value.
Having said that, Bitcoin Cash is its own currency and is useful in that it functions just
as Bitcoin does only faster due to the increase in its block size.
When the hard fork occurred, the coin held no value at all and investors were able to gain
‘free coins’ – from the split of Bitcoin. As in this case Bitcoin Cash saw major changes in the
market and managed to secure their place in the ‘top coins’ listing by market cap in November
2017.
Investors have speculated that Bitcoin Cash was created only because high fees and slow
transactions would destroy Bitcoin, and not because Bitcoin was reaching its maximum output of
blocks.
Why Trade Bitcoin Cash with Elite Spread Pro
We offer Bitcoin Cash CFD trades with up to 20:1 leverage
You can start trading Bitcoin Cash from as little as $100
Trading the volatile BCH coin is an ideal addition to any financial trading portfolio
Trade Forex, equities, commodities along with cryptocurrencies from one account
Elite Spread Pro offers Bitcoin Cash trading around the clock, for your convenience
You can SELL Bitcoin Cash (go short) and potentially profit even when the Bitcoin Cash price
is on a downtrend
Enjoy live language-specific customer support around the clock
Elite Spread Pro offers zero commissions on Bitcoin Cash trading and no bank fees
charged on transactions
Zero exposure to hacking or theft simply because you don’t actually buy or sell the
cryptocurrency
Elite Spread Pro is regulated on 5 continents
Execute trades on MT4 platform in just 3 clicks, free from the complex crypto purchasing
process
Auto trading solutions are also available
We are Here to Help You Trade Bitcoin Cash
Elite Spread Pro offers you the opportunity to BUY
(go long) or SELL (go short) on all Bitcoin Cash trades. This service is available to you 24/7.
You can use your preferred trading strategies regardless of which way the currency is
moving.
We encourage you to learn more about Bitcoin Cash trading by visiting our trading conditions &
charges page.
Please note: The cryptocurrencies market’s high volatility offers endless trading
opportunities.
Don’t miss your opportunity to trade Bitcoin Cash with one of the best forex
brokers.
Due to price fluctuation, certain crypto pairs may be suspended and/or removed from our
trading platforms periodically.
When trading with Elite Spread Proa Trade you are trading on the price changes of the
digital coin, and not physically purchasing it.
The maximum accumulated position size for Bitcoin Cash is $200,000 notional value, details
in our Conditions and Charges page.