Bitcoin Cash Price
(BCH)
USD($)
Bitcoin Cash (BCH) Live Price Chart
Overview
About
Analysis
FAQ
Bitcoin Cash Live Price Data
The live price of Bitcoin Cash is $439.64, with a total trading volume of $ 2.27M in the last 24 hours. The price of Bitcoin Cash changed by -8.9% in the past day, and its USD value has decreased by -18.41% over the last week. With a circulating supply of 19,804,071 BCH, the market cap of Bitcoin Cash is currently 8.78B USD, marking a --% increase today. Bitcoin Cash currently ranks #17 in market cap.
How do you feel about Bitcoin Cash today?
Note: This data is for reference only.
Bitcoin Cash(BCH) Profile
Rank17
BExpand 
Website
Documentation
Explorer
Contract
- BNB Smart Chain (BEP20) 0x8fF795...aDf
- HECO 0xef3ceb...375
Audited By
- --
Code & Community
Investors
- Galaxy Digital
- Bitman Technology
$421.21
$488.07
- ATH
- $4,350.82
- Price Change (1h)
- -0.51%
- Price Change (24h)
- -8.90%
- Price Change (7d)
- -18.41%
- Market Cap
- $8.78B
- 24h Volume
- $2.27M
- Circulating Supply
- 19,804,071
- Max Supply
- 21,000,000
About BCH
How can I buy Bitcoin Cash (BCH)?
Buying BCH on KuCoin is fast and simple. Create an account, verify your identity, deposit funds, and start your trading. It's that simple! See How to Buy Bitcoin Cash (BCH) for more information. What Is Bitcoin Cash (BCH) Crypto?
Bitcoin Cash (BCH) cryptocurrency was created as a result of a hard fork from Bitcoin (BTC) in August 2017. The main reason behind the creation of Bitcoin Cash was to address the scalability issues faced by Bitcoin at the time.
As the number of transactions on the Bitcoin network increased, it became clear that the network could not process transactions fast enough due to the 1MB size limit of its blocks. This led to increased transaction fees and slower transaction processing times.
The Bitcoin Cash community proposed increasing the block size limit to allow more transactions to be processed in a single block, aiming to make the network more scalable and keep transaction fees low. This proposal, however, was contentious within the Bitcoin community, leading to a split. The faction supporting the block size increase forked the Bitcoin blockchain, and Bitcoin Cash was born with an initial block size limit of 8MB, which has since been increased to 32 MB.
What’s the Difference Between Bitcoin and Bitcoin Cash?
1. Larger Block Size Limit: Bitcoin Cash has a larger block size limit, allowing it to process more transactions per block. This makes the network more scalable and lowers transaction fees, especially during peak times.
2. Different Consensus Rules: Bitcoin Cash shares its history with Bitcoin until the fork. However, it follows a different set of consensus rules, primarily related to block size and transaction processing.
3. Focus on Peer-to-Peer Transactions: Bitcoin Cash emphasizes its utility as a medium for daily transactions and payments, aiming to become a practical cryptocurrency for buying and selling goods and services.
4. Technical Innovations: Beyond the block size increase, Bitcoin Cash has implemented other technical improvements over the years, such as Schnorr signatures and CashFusion, to improve privacy and efficiency.
5. Market Position: While Bitcoin remains the most recognized and valued cryptocurrency, Bitcoin Cash has carved out its niche within the broader crypto market, appealing to users and merchants who prioritize fast and low-cost transactions.
How Does Bitcoin Cash Work?
Bitcoin Cash (BCH) uses a public blockchain, similar to Bitcoin, but with a larger block size limit (initially 8MB, expanded to 32MB) to process more transactions per block. This aims to speed up transaction times and reduce fees.
Transactions are verified by miners using a Proof of Work (PoW) consensus mechanism, where miners compete to solve complex puzzles, securing the network and validating transactions. BCH also features a dynamic difficulty adjustment to maintain consistent block times, supports Simplified Payment Verification (SPV) for efficient transactions, and offers simple smart contract and token creation capabilities.
The larger block size is BCH's primary method to improve scalability and transaction efficiency.
When Is the Next Bitcoin Cash Halving?
Like Bitcoin, the Bitcoin Cash (BCH) halving occurs approximately every four years or after 210,000 blocks have been mined. The last halving event for Bitcoin Cash took place on April 8, 2020, which means the next halving is expected around April 2024, depending on the mining rate of new blocks.
History of Bitcoin Cash and BCH Token
Bitcoin Cash (BCH) was created from a hard fork of Bitcoin (BTC) on August 1, 2017. The split resulted from a long-standing debate within the Bitcoin community over how to scale the network. As Bitcoin grew in popularity, it started facing scalability issues, with transactions becoming slower and fees increasing due to the limited block size of 1MB.
Leading Up to the Fork
The Bitcoin community was divided on how to solve these scalability issues. Two main camps emerged: one advocating for keeping the 1MB block size to maintain decentralization and security, and the other pushing for an increase in block size to allow more transactions per block, aiming to improve scalability and reduce fees.
Creation of Bitcoin Cash
The disagreement led to the creation of Bitcoin Cash, which implemented an increased block size limit (initially 8MB, later expanded to 32MB) to allow for more transactions per block. This was intended to make BCH more efficient for transactions and payments, addressing Bitcoin's scalability issues.
After the Fork
> Initial Reaction: BCH was met with mixed reactions. Some saw it as a practical solution to Bitcoin's scalability issues, while others viewed it as unnecessary or divisive.
> Adoption and Development of Bitcoin Cash Ecosystem: Despite the controversy, Bitcoin Cash has been adopted for transactions and payments. The community has also introduced new features and improvements, such as Schnorr signatures for better privacy and efficiency and CashFusion for enhanced transaction privacy.
> Market Performance: BCH has experienced significant price volatility, just like many cryptocurrencies. Its market value and adoption have grown, although it remains a smaller player than Bitcoin.
> Ongoing Debates and Forks: The debate over scalability and transaction efficiency has continued, leading to further forks and the creation of new cryptocurrencies, such as Bitcoin SV (BSV), which forked from BCH in 2018 due to disagreements over block size and the direction of development.
What Is BCH Coin Used for?
Bitcoin Cash (BCH) is used for several purposes, reflecting its design and community objectives. Here's a breakdown of its main uses:
1. Peer-to-Peer Payments
BCH is optimized for fast and low-cost transactions, making it suitable for everyday use, such as paying for goods and services. Its larger block size ensures that fees remain low even when the network experiences high transaction volumes.
2. Microtransactions
The efficiency of BCH transactions makes it ideal for microtransactions, such as tipping content creators online or paying small amounts for digital services, where high transaction fees would be prohibitive.
3. E-commerce and Merchant Payments
Many online and physical retailers accept BCH as payment, benefiting from its quick transaction confirmation times and low fees, which can be advantageous compared to traditional payment methods.
4. Remittances and Cross-Border Transfers
You can use BCH to send remittances internationally, offering a cheaper and faster alternative to traditional remittance services, which often have high fees and slow processing times.
5. Investment and Speculation
Like other cryptocurrencies, BCH is used as an investment vehicle. You can trade Bitcoin Cash on the KuCoin Spot Market. Buy or sell BCH while speculating on its value increase or diversify your investment portfolio with digital assets based on your research (DYOR).
6. Platform for Decentralized Applications (dApps)
Though not as prominent as some other platforms, BCH also supports the creation of decentralized applications and smart contracts on its blockchain, leveraging its network for more than just transactions.
7. Donations
The low transaction fees and ease of transfer make BCH a popular choice for charitable donations, enabling direct, global support to individuals or organizations.
Bitcoin Cash (BCH) Price Movements ($)
| Period | Change | Change (%) |
|---|---|---|
| Today | $-42.45 | -8.80% |
| 7 Days | $-99.27 | -18.42% |
| 30 Days | $-3.8 | -0.86% |
| 3 Months | $73.89 | 20.20% |
24H Investment Barometer
24H
- Buy
- The Investment Barometer represents the current sentiment of the majority of KuCoin users. It is based on multiple indicators, and can be used as an aspect to take into consideration when planning investments.
Strong SellSellNeutralBuyStrong Buy
Bitcoin Cash Conversion Rate
FAQ
How much is 1 Bitcoin Cash (BCH) worth?
KuCoin provides real-time USD price updates for Bitcoin Cash (BCH). Bitcoin Cash price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time BCH to USD exchange rates. Is Bitcoin Cash (BCH) a Good Investment?
Investing in Bitcoin Cash (BCH) has several advantages, reflecting its design goals and market position. Here are some potential benefits:
1. Low Transaction Fees
BCH maintains lower transaction fees than Bitcoin, which is especially valuable during peak network usage. This can be advantageous for both daily transactions and investment purposes.
2. Fast Transactions
The larger block size of BCH allows for more transactions to be processed simultaneously, leading to faster transaction times. This is beneficial for investors looking for quick transfer and settlement times.
3. Scalability
Bitcoin Cash was created with scalability in mind. Its approach to scaling, primarily through block size increases, aims to support a larger number of transactions, which could be critical as adoption grows.
4. Adoption and Utility
BCH has a growing ecosystem with support from various merchants and payment processors, increasing its utility as a digital currency for everyday transactions. Investments in cryptocurrencies with real-world use cases may have long-term value.
5. Innovation and Development
The Bitcoin Cash community is known for actively pursuing technical improvements, such as the development of the CashFusion protocol for enhanced privacy. Ongoing innovation can potentially increase BCH's attractiveness as an investment.
6. Decentralized Finance (DeFi) and Tokens
Though not as developed as in some other blockchains, the BCH network supports the creation of tokens and has a growing DeFi ecosystem. This expansion into new blockchain use cases could enhance its value proposition.
7. Diversification
Adding BCH to an investment portfolio can offer diversification within the cryptocurrency space, which is beneficial for managing risk. Its distinct characteristics and development path offer a contrast to Bitcoin and other digital assets.
8. Speculative Potential
Like all cryptocurrencies, BCH offers speculative investment opportunities. Investors may see potential in its market position, technical roadmap, and the broader adoption of cryptocurrencies.
What Is Bitcoin Cash Price Prediction?
Although the volatile nature of the crypto market makes it challenging to provide a reliable BCH price prediction over any duration, you could monitor the following factors better to understand the price changes in Bitcoin Cash cryptocurrency:
1. Market Sentiment
Positive news, adoption stories, or technological advancements can boost investor enthusiasm and drive Bitcoin Cash price up, while negative news can lead to declines in the BCH to USD price.
2. Real-World Use Cases for Bitcoin Cash
Increased adoption of BCH for transactions, payments, and merchants can enhance its utility, potentially raising the Bitcoin Cash value. Conversely, decreased use or acceptance can negatively impact the BCH price.
3. Bitcoin Cash Network Upgrades and Innovations
Upgrades that improve BCH's scalability, privacy, and functionality can positively affect the BCH coin price. Innovations that distinguish BCH from other cryptocurrencies can also drive interest and investment.
4. Market Manipulation and Speculation
Large trades, market speculation, and manipulation can cause volatility in the BCH crypto price. Cryptocurrency markets are particularly susceptible to speculative trading, affecting prices short-term.
6. Inflation and Currency Devaluation
In environments where traditional currency values are falling due to inflation or other economic factors, cryptocurrencies like BCH may become more attractive as stores of value, potentially increasing the BCH token price.
7. Competition From Other Cryptocurrencies
The introduction of new cryptocurrencies or developments in existing ones (like Bitcoin or Ethereum) can affect BCH's market position and price. Investors may shift funds between assets based on perceived value and potential.
8. Macro Trends and Crises
Global economic trends, financial crises, or significant geopolitical events can influence investment strategies, with cryptocurrencies seen as safe havens or risky assets, depending on the context.
9. Exchange Listings and Investment Products
Availability on major exchanges and the creation of cryptocurrency investment products can enhance BCH's liquidity, making it more accessible to investors and potentially impacting the price of Bitcoin Cash crypto.
How to Mine Bitcoin Cash Coin
Mining Bitcoin Cash (BCH) involves validating transactions and securing the network by solving complex cryptographic puzzles. Successful miners are rewarded with BCH. Here's a step-by-step guide on how to mine Bitcoin Cash:
1. Understand the Basics of Bitcoin Cash Mining
Mining Bitcoin Cash is similar to mining Bitcoin because both use the Proof of Work (PoW) consensus mechanism. However, BCH has a larger block size, affecting the mining process.
2. Choose Your Mining Approach
> Solo Mining: Mining on your own, keeping the entire reward if you successfully mine a block. This requires significant computational power and may not be feasible for many due to the competitive nature of mining.
> Mining Pool: Joining a mining pool allows you to combine your computational power with others to increase the chances of mining blocks. Rewards are shared among pool members based on the amount of work they contribute.
3. Get the Necessary Hardware
BCH mining is most efficiently done with ASIC (Application-Specific Integrated Circuit) miners designed specifically for mining cryptocurrencies. These devices offer the highest hashing power but can be expensive.
4. Set Up a Bitcoin Cash Wallet
Before you start mining, you need a BCH wallet to receive your mining rewards. Choose a crypto wallet that offers security features and is compatible with Bitcoin Cash.
5. Select a Mining Pool (if applicable)
If you decide to join a mining pool, research to find a reputable pool that offers low fees, reliable payouts, and is compatible with your mining hardware. Consider the pool's size, fee structure, payout frequency, and minimum payout.
6. Configure Your Mining Device
> Install the firmware on your mining device. Manufacturers usually provide instructions.
> Connect your miner to your PC and configure it to connect to your chosen mining pool (if you're not mining solo). You'll need to enter details like the pool's address, your username, and password.
7. Start Mining BCH
Once everything is set up, you can start mining. Monitor your operations to ensure everything is running smoothly, and check your earnings.
8. Optimize Your Setup
To maximize efficiency, keep your hardware cool and operating in optimal conditions. Consider the cost of electricity in your area, as mining can be energy-intensive.
9. Stay Updated
The cryptocurrency mining landscape can change rapidly. Stay informed about developments in BCH mining technology, network difficulty adjustments, and the price of BCH to ensure your mining operation remains viable.
Important Considerations
> Profitability: Mining profitability can vary significantly based on electricity costs, hardware efficiency, and the current market price of BCH. Use online mining calculators to estimate profitability.
> Risk: The value of BCH can fluctuate widely, affecting your mining profitability. Additionally, regulatory changes in your jurisdiction could impact your ability to mine or exchange BCH.
Mining Bitcoin Cash requires an upfront investment in hardware and ongoing costs for electricity. You must conduct thorough research and consider your financial situation before starting a mining operation.
What Businesses Accept Bitcoin Cash as Payment?
Various businesses and merchants worldwide accept Bitcoin Cash (BCH) as payment, ranging from online retailers to physical stores. Here are a few examples:
Online Businesses
> Namecheap: A domain name registrar and web hosting provider.
> Newegg: An online electronics retailer.
> Expedia: An online travel agency.
> Showtime: A streaming service.
> AirBaltic: An airline.
Physical Stores
> Whole Foods Market (limited locations): A grocery store chain.
> Micro Center: A computer parts and electronics retailer.
Service Providers
> CheapAir: An online travel agency.
> NordVPN: A virtual private network (VPN) provider.
> Windscribe: Another VPN provider.
How to Get Bitcoin Cash Wallet Address
Getting a Bitcoin Cash (BCH) wallet address involves a few straightforward steps. A wallet address is essential for receiving, sending, or storing BCH. Here’s how you can get one:
1. Select a Wallet
Choose between hardware, software, or web wallets. Popular options include Ledger Nano S (hardware), Electron Cash (software), and Blockchain.com (web).
2. Install the Wallet
For hardware wallets, set up the device. Download and install software wallets from official websites. Sign up for web wallets directly on their platforms.
3. Set Up and Secure Your Wallet
Follow the instructions to create your wallet, set a strong password, and back up your recovery phrase—a crucial step for wallet recovery.
4. Generate a BCH Address
Navigate to your wallet's “Receive” section to generate a new BCH address, presented as a string of letters and numbers or a QR code.
5. Use Your BCH Address
Share your BCH address or QR code to receive funds. For privacy, consider using different addresses for different transactions.
What is the all-time high price of Bitcoin Cash (BCH)?
The all-time high price of Bitcoin Cash (BCH) is $4,355.62. The current price of BCH is down 89.90% from its all-time high.
What is the all-time low price of Bitcoin Cash (BCH)?
The all-time low price of Bitcoin Cash (BCH) is $75.07. The current price of BCH is up 486.25% from its all-time low.
How much Bitcoin Cash (BCH) is there in circulation?
As of 12 20, 2024, there is currently 19,804,071 BCH in circulation. BCH has a maximum supply of 21,000,000.
What is the market cap of Bitcoin Cash (BCH)?
The current market cap of BCH is $8.78B. It is calculated by multiplying the current supply of BCH by its real-time market price of $8.78B.
How do I store Bitcoin Cash (BCH)?
You can securely store your Bitcoin Cash in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your BCH include using a self-custody wallet (on a web browser, mobile device, or desktop/laptop computer), a hardware wallet, a third-party crypto custody service, or a paper wallet.
How do I convert NEAR Protocol (NEAR) to cash?
You can instantly exchange your NEAR Protocol (NEAR) for cash using KuCoin's Fast Trade feature. This feature enables you to convert NEAR to your local fiat currency in just a few clicks. However, make sure to complete Identity Verification first to enjoy all the features you may need.