What should newbie's to Bitcoin cash know?
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Thursday,Apr 21.
Most people underestimate Bitcoin cash because they are unaware of the advantages it offers, such as minimal transaction fees and a peer-to-peer electronic system that eliminates the need for a third party.
Bitcoin Cash is a digital cryptocurrency and sound money which is now available to all; we own our own bank with Bitcoin cash, which provides users with the privacy they require; now, let's move on to the topic of what a newbie to Bitcoin cash should know.
Firstly,
Bitcoin cash is a digital currency that may be used to make payments instead of conventional currency.
The first thing a newbie to Bitcoin cash should know is that it is a digital cryptocurrency with cheap transaction fees and instant payment that can be used for everyday transactions.
Bitcoin cash can be sent to anyone in the world without filling out any forms; it is absolutely free, and the recipient receives the Bitcoin cash immediately.
Bitcoin cash can't be counterfeited, there's no way you'll end up with counterfeit money, unlike with banks where fraud can happen.
Benefit of Bitcoin cash for everyone.
*Peer-to-peer electronic cash: Bitcoin cash may be exchanged without the involvement of a middleman who controls our funds, and it does not rely on bank protocols.
*Borderless: Unlike banks, where we must fill out documents to be able to transact globally, Bitcoin cash has no such restrictions.
*Safe and secure: Bitcoin cash is a safe payment method to use because the Blockchain ensures security and transactions are also secure.
*Uncensorable: Because we control our own bank, no one can freeze or shut down our Bitcoin wallets, and there is no limit to the amount that may be received into our wallet.
Benefits of Bitcoin cash for merchants.
Merchants also gain from accepting Bitcoin cash as a form of payment in their store, the majority of which are as follows:
*Immediate and secure: Bitcoin cash transactions are received instantly and are free of any fraudulent activity.
*No chance of chargebacks; unlike banks, which frequently refund credit/debit card payments, putting the merchant at a loss, Bitcoin currency does not return funds once it has been used.
Merchants can easily start by accepting Bitcoin cash by installing the Bitcoin cash wallet from their Google play store or apple store.
After installing the Bitcoin cash wallet where they would used to store, receive and send Bitcoin cash they need to also download the Bitcoin cash register app and start receiving payment through Bitcoin cash.
With minimal transaction costs and a secure payment method that can be utilized to make payments with ease, Bitcoin cash doesn't stop there.
Bitcoin cash is being more widely accepted on a regular basis, with over 120,000 shops around the world accepting it, making it simple for holders to pay for goods and services at any store that accepts Bitcoin cash.
Bitcoin cash is the next revolution that we all need; it can be staked with the impending verse dex, which has been released but not yet deployed, and users can earn verse by staking their Bitcoin cash.
In conclusion.
Bitcoin cash is the sound money we all have being waiting for, let's do our best to support the growth of BCH in our community by onboarding merchants on the Bitcoin cash train.
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Thanks for reading, let's do out best to support the growth of BCH and make it known to everyone.
BCH merchandise adoption still lacking along with tempting projects. If SBCH has been launch another years ago, it would attracts more whales than other networks. Btw incredible words of you