Buy, Sell, & Trade BCH
Exchange BCH with USD and Cryptocurrency
Rubix provides a faster, more secure way to exchange BCH. There’s no doubt that exchanging large amounts of assets and managing the interference of third-parties can be difficult. That’s why more and more people are turning to cryptocurrency exchanges. In addition to a variety of cryptocurrencies, people have created forks of existing currencies — for instance, Bitcoin (BTC) has led to the development of Bitcoin Diamond and Bitcoin cash. It’s always important to monitor values using a tool like Rubix’s price chart.
What is Bitcoin Cash (BCH)?
Bitcoin Cash is a fork of Bitcoin (BTC), a virtual, decentralized currency. It was created as a solution to the long transaction periods for trading Bitcoin. While it allows for speed, it might also compromise security. Both currencies have a market cap of 210 million, which means that value is affected by availability.
As of 2020, cryptocurrency has been used as a decentralized alternative to traditional fiat currencies (which are usually backed by some central government) such as the US dollar (USD). Meanwhile, cryptocurrency technology, including smart contracts and blockchain, has been used for a number of other purposes such as apps, cloud computing, and more.
As of September 2017, there were over 1,100 cryptocurrencies and the total market capitalization of all cryptocurrencies reached an all-time high surpassing $60 billion! Then, by December 2017, the total market cap reached $600 billion (a multiple of 10 in only two months).
Although the future is uncertain, cryptocurrency is proving itself to be more than just a fad. Today cryptocurrency is shaping up to be a growing market that (despite the pros and cons) is likely here for the long haul.
Who created BCH?
The first decentralized digital cryptocurrency can arguably be traced back to “bit gold” (not to be confused with Bitgold), which was worked on by Nick Szabo between 1998 and 2005 but was never implemented.
Although bit gold is widely considered the first precursor to bitcoin, cryptocurrency pioneer David Chaum’s company DigiCash (a company founded in 1989 which attempted to innovate digital currency), Wei Dai’s b-money (a conceptual system published in 1998 which Satoshi cites it in the Bitcoin white paper), and “e-gold” (a centralized digital currency that started in 1996) are all notable early mentions.
How do I exchange and Trade BCH?
Users can convert BCH to USD by finding an exchange that deals both currencies and selling your BCH. Depending on the current exchange rate, fees and spreads that the exchange charges, users will withdraw a corresponding amount of USD. In fact, it fundamentally works the same way as any other currency conversion option. Rubix employs the latest safety measures and has a proven track record for fair, efficient transactions.
Exchange BCH using Rubix
Acquiring Bch is easy using the in-built trading tools in the Rubix wallet. Instead of going to a BCH exchange and transferring your cryptocurrency, you can trade for BCH directly from your Rubix wallet. Rubix supports not just BCH trading, but most major cryptocurrencies, which you can easily exchange, and even for fiat currencies, like the dollar and euro. Rubix is a simple way to manage your cryptocurrency assets, pay for products, send funds and make bets with friends — all while keeping your funds safe. Keep your BCH secure with Rubix.