About Bchusd and Bchusd Trading
What is Bitcoin Cash (BCH)?
Bitcoin cash (BCH) is both a cryptocurrency and a payment network. It was first introduced at the end of 2017, as a result of one of Bitcoin’s forks. Similarly to many cryptocurrency Bitcoin Cash is fully decentralized and operates outside banking regulations. BCH is well-known for its cheaper transaction fees, easier mining and faster transfer times.
BCH - major influences
Just like with many other crypto, things such as new regulatory measures, supply issues, scalability, media news or a wider adoption can impact BCH prices. Make sure you stay tuned to CAPEX.com market news and learn about the latest BCH developments that can potentially impact its prices!
How can you trade Bitcoin Cash?
You trade BCH either through exchanges where you buy Bitcoin cash or you can use various derivatives options, including CFDs (contracts for difference). On exchanges, BCH is priced against the USD, so you will be selling the American currency if you want to buy Bitcoin Cash. Traders need a wallet to keep their cryptocurrency stashed in a more secure environment. If you want to trade BCH/USD via CFDs, you need a trading platform. Through CFD trading, you can go both long (if you think prices will rise) and short (if you think prices will fall) on BCH or any other instrument. This option is not available when you trade on an exchange, where you can only wait for prices to increase before selling for a profit. Note that trading Bitcoin Cash CFDs doesn’t require an exchange account or a wallet.
At CAPEX.com you can follow the BCHUSD chart to trade on the price movements through CFDs. If you think that BCHUSD value will go up, you can open a long position (BUY). If you think prices will decrease, you can open a short position (SELL).
With us, you can trade BCHUSD from Sunday to Friday between 22:00-21:55 GMT. If you cannot trade at those hours, you can always pick another stock, as we have more than 2100 instruments available, including popular stocks, currency pairs, indices, commodities, and others!