Use Bitcoin cash as Bitcoin cash

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Written by
4 years ago
In communities: Crypto(6b7b) , Cryptocurrency and Blockchain(7b7f) , Bitcoin Cash Africa(27ab) , Bitcoin Cash(e11c)
Topics: Bitcoin Cash

Bitcoin cash is a decentralized peer to peer crypto currency built on a global public ledger called blockchain, and that doesn't rely on third party or central government authority involved in its transaction. Bitcoin cash was develop in August 1, 2017 during a fork on the Bitcoin network to increase its blockchain by 8MB. The new blockchain that was created was named Bitcoin cash BCH. Bitcoin cash has since achieved global mass adoption and pushing hard to meet up or overtake other crypto currency in value and acceptance globally. To achieve this therefore, Bitcoin cash BCH users must use Bitcoin cash BCH as Bitcoin cash BCH.

WHY USE BITCOIN CASH AS BITCOIN CASH

1 To increase its market value

For Bitcoin cash BCH to keep increasing in value there is need to keep it in its blockchain network. Each BCH Satoshis that is sent to a wallet and is quickly exchange to other crypto currency or fiat currency doesn't give value to the Bitcoin cash network. But everyone wants to spend their money, and that is what Bitcoin cash BCH is meant for. To keep the market value of Bitcoin cash BCH increasing it's advisable to spend it as BCH since its a peer to peer money network.

Bitcoin BTC increased in market value was due to the fact that it never leaves it's blockchain network. Those who have it keeps it and use it as BTC. Bitcoin cash BCH can as well attain such value following similar route.

2 To enable more people join the blockchain network and attain global dominance

Each time you send some few BCH Satoshis to someone in a wallet as BCH someone has just joined the network. From a few BCH Satoshis distribution from one hand to the other the Bitcoin cash network is increasing its adoption and usage across the world. Just like what read.cash is doing now, giving BCH as reward for some tasks done. It is necessary for those who earned it to keep it and spend it as Bitcoin cash. Exchanging it as soon as it is earned does not aid global distribution and making it available for more people.

3 To enjoy low transaction fees

Bitcoin cash BCH is the fastest growing crypto currency due to its low transaction fees. Just a few cents as low as $0.01 for any transaction. The speed in processing transactions is also an advantage. Exchanging it to other Crypto currency will incurred much transaction fees and delay in processing transactions. No matter how large the amount you want to send or receive in BCH its transaction is done and completed within a few minutes. This is why merchant across the globe love Bitcoin cash network.

WHERE TO SPEN BITCOIN CASH AS BITCOIN CASH

  • Shop online

Spend Bitcoin Cash at some of the favourite online retailers. There are several online retailers that accept Bitcoin cash BCH across major cities around the world. You can shop in any of them, transaction is fast and secured

  • Spend at a restaurant

Visit any restaurant that accept Bitcoin cash near you. A lot of them exist in major cities globally.

  • Shop in person

You can find over 5000 locations accepting Bitcoin cash using Bitcoin cash map. Download it at Google play store.

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Avatar for Fexodine1
Written by
4 years ago
In communities: Crypto(6b7b) , Cryptocurrency and Blockchain(7b7f) , Bitcoin Cash Africa(27ab) , Bitcoin Cash(e11c)
Topics: Bitcoin Cash

Comments

Bitcoin cash is the best crytocurency because low of fee in transaction.

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User's avatar Ironman
4 years ago

Not just low fee of transaction, the speed of transaction process and its scalability in terms of numbers of transaction per seconds is unmatchable

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User's avatar Fexodine1
4 years ago

I am really curious about where it's able to spend it. I try that app to figure it out.

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User's avatar wakeupkitty
4 years ago

Try do that, but i suggest you invest your BCH, that's what am doing

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User's avatar Fexodine1
4 years ago

I can't diagree with what you have written. That's right. Exchanging BCH to another crypto will make it lose it's value. That's surely because people are exchanging it for BTC. I did that once and i regret it. I used to deal with BTC until a year ago. The fees became so high that sending small amounts became impossible. Thats how i realised it's time to give BCH a second thought. Now I'm a BCH supporter with no regrets.

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User's avatar hamedbkh
4 years ago

There will be more and more BCH supporters as time goes by, because it works well and is accepted in many places. BTC fees are completely unpredictable and this coin is not suitable for use. What is still missing, there are still far too few possibilities to earn BCH.

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User's avatar Telesfor
4 years ago

That's right. The only "famous" way to earn BCH is the faucets. But the earning is just few cents and honestly they are a waste of time. The only significant way to earn BCH i ever used (except buying it) is Read.Cash .

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User's avatar hamedbkh
4 years ago

That's exactly what i intend to pass over from this article. If we must spend BCH let spend it as BCH. No need exchanging it to other Crypto, that will incurred needless expenses as transaction fees

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User's avatar Fexodine1
4 years ago

Yes. That's right. BCH is way popular now than it was 2 years ago. So there are more stores accepting it as a payment method

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User's avatar hamedbkh
4 years ago

That's right, am not even thinking of spending my BCH now, i want to invest it

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User's avatar Fexodine1
4 years ago

where are you planning to invest it? if i may ask of course

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User's avatar hamedbkh
4 years ago

I have heard of forsage etheriun based smart contract, am taking my time to know exactly how it works. Also am thinking of trading with it on Luno

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User's avatar Fexodine1
4 years ago

I've never heard about it before. But I tried trading before. Not cryptos tho.

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User's avatar hamedbkh
4 years ago

Once it is legit to invest please reply to this comment or make an article about it.

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User's avatar ReactionChannel
4 years ago

I will do the research and make an article about it as you said. Conrently, a lot of people have been asking me to join but i have been reluctant cause i see how legit it is

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User's avatar Fexodine1
4 years ago

I know people who use Celsius. https://celsius.network/

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User's avatar Telesfor
4 years ago

Is this legit to invest on

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User's avatar Fexodine1
4 years ago

I think so. It's not a scam.

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User's avatar Telesfor
4 years ago

I will check it out and see how it works

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User's avatar Fexodine1
4 years ago

Each BCH Satoshis that is exchange to other crypto currency or fiat currency leaves the Bitcoin cash network and can not be replaced except it is exchanged back to the network.

This is so not right. The satoshis never leave the network (more precisely, the blockchain). They only go from your address to exchanges' address and stay there until someone buys them for fiat or other crypto.

Just a few cents as low as $0.20 for any transaction.

This is so not right. The Bitcoin Cash transaction costs are much lower. They amount to about $0.001 https://bitcoinfees.cash/ You made a transaction, did you pay $0.20 for it?

But otherwise full agreement. Bitcoin Cash is to spend. Exchanges does not spend BCH for food or other goods.

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User's avatar Telesfor
4 years ago

This is so not right. The satoshis never leave the network (more precisely, the blockchain). They only go from your address to exchanges' address and stay there until someone buys them for fiat or other crypto.

You mean even when someone buys them for fiat or other crypto, the Satoshis never leave the blockchain network?

This is so not right. The Bitcoin Cash transaction costs are much lower. They amount to about $0.001 https://bitcoinfees.cash/ You made a transaction, did you pay $0.20 for it?

That was just trying to give a range of rate for the transaction fees

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User's avatar Fexodine1
4 years ago

Satoshis never leaves the network.

BCH Transactions feed was never $0.20. Klick on the link belove. Max fees was $0.10

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User's avatar Telesfor
4 years ago

Satoshis never leaves the network Even when it's exchange for Fiat currency?

BCH Transactions feed was never $0.20. Klick on the link belove. Max fees was $0.10 I have done correcting that on the article. Thanks for the correction

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User's avatar Fexodine1
4 years ago

Satoshis never leave the network. The Exchanges also have a BCH wallet like you and me. If you exchange BCH for Fiat on Exchange, you send satoshis to the wallet of the Exchange and they give you fiat. The satoshis you send remain on the wallet of the exchange (but still in the blockchain and in the network)

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User's avatar Telesfor
4 years ago

Oh that's wonderful, now i understand better. This means it never diminished

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User's avatar Fexodine1
4 years ago

I have done updating the article based on the information you supplied

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User's avatar Fexodine1
4 years ago

Yes right men.

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User's avatar Ironman
4 years ago
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