How to Convert BCH to BNB
Like the conversion process of coins to fiat currencies, converting BCH to BNB was complicated in the past. You would have to find willing sellers looking to convert Bitcoin Cash (BCH) to a Binance Coin (BNB). This was a highly inefficient process, and the trader incurred numerous expenses. Today’s digital platforms, such as cryptocurrency exchanges, have made the venture a lot more accessible and efficient.
Rubix is one of the best cryptocurrency platforms in the space that allows you to exchange BCH for BNB. It lets the trader transfer their money directly to their bank account or wallet, making it convenient. The experience is similar to dealing with FX in traditional currency exchange accounts. Rubix platform tracks rate changes in real-time and provides tons of detailed articles to ensure the user is making well-informed decisions.
To receive Bitcoin Cash for BNB, you need to open a Rubix account. The process is simple, free, and secure. Once you’re registered, you can choose the pair (Bitcoin Cash vs. Binance Coin) and make the exchange. Navigating through the different features is easy due to the user-friendly interface. You can even withdraw your currency directly to your cold wallet later on.
About BCH & BNB
What is Bitcoin Cash?
Bitcoin Cash is a product that was created due to the surge in popularity of the Bitcoin blockchain. Initially, before Bitcoin garnered mainstream attention, it was built as a ‘peer-to-peer’ cryptocurrency to facilitate day-to-day transactions. Over time, it became popular and its price sky-rocketed, leading to several issues. One of the main challenges was its ability to scale due to the newly increased volume. The blockchain’s block size was limited, resulting in a backlog of transactions.
Bitcoin Cash has more block size capacity and processes more transactions per block. This makes it more efficient. Champions of Bitcoin Cash see it as a direct competitor to third-party credit card providers who charge exorbitant fees for daily transactions.
What is Binance Coin?
Binance Coin (BNB) is a type of crypto coin that was released through an ICO (Initial Coin Offering) in 2017. It is one of the most exciting utility tokens that is utilized for a varied number of uses. Some of these applications include paying for online and in-store purchases in select stores, booking hotels or flights, and are used as a token in some games and apps.
Convert BCH to BNB using Rubix
Rubix provides a secure way to convert the currency pair. This is done through its on-demand converter feature. The user-friendly interface sets itself apart from other crypto coin exchanges. The platform is simple to use and makes it easy for traders to convert BCH to BNB and Rubix’s reputation guarantees your money is securely handled.
Getting started with the Rubix app is as simple as filling out a few details to sign up for a new account. Once all set, you will gain access to resources that will allow you to trade and convert your currencies.