Bitcoin Cash (BCH) is a peer-to-peer digital currency and blockchain network that launched in August 2017 as a hard fork of Bitcoin (BTC). It was created to address Bitcoin’s scalability limitations and to more closely follow the original vision of Satoshi Nakamoto: a decentralized electronic cash system for daily use. Unlike Bitcoin, which has increasingly focused on being a store of value, Bitcoin Cash is designed to facilitate fast, low-cost transactions that make it more practical for payments, merchant adoption, and microtransactions. BCH can be bought on specialized exchanges and BCH can also be traded for using other cryptocurrencies.
Bitcoin Cash(BCH) Price
USD$495.99 +0.18%
Price of Bitcoin Cash(BCH) Today
The live price of Bitcoin Cash (BCH) is $495.99.The current market capitalization stands at $9.87B, with a 24-hour trading volume of $343.10M.Bitcoin Cash has experienced +0.18% in the last 24 hours and has a circulating supply of approximately 19.90M.These figures are updated in real-time to provide the most accurate market data.
How do you feel about BCH today?
Bitcoin Cash(BCH) Profile
Price Range (24h)
24h Low: $490.02 24h High: $508.07
ATH
$3,785.82
Price Change (1h)
+0.04%
Price Change (24h)
+0.18%
Price Change (7d)
-2.95%
Market Cap
$9.87B
24h Vol
$343.10M
Circulating Supply
19.90M
Total Supply
19.90M
About
What Is Bitcoin Cash?
How Bitcoin Cash Works
Functionally, Bitcoin Cash operates much like Bitcoin, using a Proof-of-Work (PoW) consensus mechanism and the SHA-256 hashing algorithm. However, Bitcoin Cash distinguishes itself by allowing block sizes up to 32MB, far exceeding Bitcoin’s average of 1MB to 4MB. This enables BCH to handle more transactions per block, resulting in quicker confirmations and significantly lower fees—often under a cent. The network is secured by miners, and new blocks are added approximately every 10 minutes, similar to Bitcoin.
What BCH is Used For
The BCH token is used primarily as digital money. Its low fees and fast processing times make it well-suited for peer-to-peer payments, e-commerce transactions, cross-border remittances, tipping, and microtransactions. Merchants around the world can accept BCH using compatible payment processors, while individuals can send and receive it globally without relying on intermediaries.
Bitcoin Cash vs. Bitcoin
Although Bitcoin Cash and Bitcoin share a common ancestry and identical total supply limits of 21 million coins, they differ in functionality and philosophy. Bitcoin Cash supports block sizes up to 32MB, allowing for much higher transaction throughput and consistently low fees. In contrast, Bitcoin processes fewer transactions per block and often experiences higher fees during periods of congestion. Bitcoin has increasingly positioned itself as a long-term store of value as digital gold, while relying on secondary layers like the Lightning Network to scale. On the other hand, Bitcoin Cash emphasizes on-chain scaling to fulfill its role as fast, accessible, and decentralized digital cash.
BCH Tokenomics
Bitcoin Cash follows a similar issuance model to Bitcoin. It has a maximum supply of 21 million BCH, and new coins are distributed to miners as block rewards roughly every 10 minutes. These rewards are halved approximately every four years, following a predictable schedule that reduces the inflation rate over time. This design aims to balance network incentives for miners with long-term scarcity, mirroring Bitcoin’s deflationary model. However, unlike Bitcoin, BCH focuses its economic incentives and technical parameters on supporting scalable, low-fee transactions.
Bitcoin Cash(BCH) Price Movements ($)
| Period | Amount Change | Change (%) |
|---|---|---|
| Today | +$0.87556 | +0.18% |
| 7 Days | -$15.06 | -2.95% |
| 30 Days | +$34.18 | +7.40% |
Bitcoin Cash(BCH) Conversion Rate
FAQ
Why Was Bitcoin Cash Created?
Bitcoin Cash emerged from a split within the Bitcoin community over how best to scale the network. One group supported scaling through Layer 2 solutions like the Lightning Network, while others advocated for increasing the block size to improve the number of on-chain transactions the network could handle. The latter group initiated a hard fork in 2017, resulting in the creation of Bitcoin Cash. With larger block sizes, BCH can process significantly more transactions per second, making it faster and more cost-effective for daily financial use.
What is Bitcoin Cash used for?
Bitcoin Cash is primarily used as digital money. Its low transaction fees and fast confirmation times make it ideal for peer-to-peer payments, online purchases, cross-border remittances, and microtransactions. It is accepted by a growing number of merchants and is designed to be a practical alternative to traditional currencies and even Bitcoin itself.
How is Bitcoin Cash different from Bitcoin?
While Bitcoin (BTC) and Bitcoin Cash (BCH) share a common origin, they have diverged in purpose and design. BCH supports larger block sizes, enabling it to process more transactions per second and keep fees extremely low. Bitcoin, in contrast, has smaller blocks and is increasingly viewed as a store of value. BCH focuses on being fast, cheap, and usable for everyday transactions.
Can I mine Bitcoin Cash?
Yes, Bitcoin Cash can be mined using the same SHA-256 algorithm as Bitcoin. Miners validate transactions and secure the network in exchange for block rewards and transaction fees. BCH has a similar block time (~10 minutes) and undergoes reward halvings every four years, just like Bitcoin.
Is Bitcoin Cash safe to use?
Bitcoin Cash is secured by a Proof-of-Work consensus mechanism and has a robust network of miners. It benefits from many of the same security principles as Bitcoin. However, as with all cryptocurrencies, users should take precautions such as using secure wallets, safeguarding private keys, and avoiding phishing scams.
Where can I buy and store Bitcoin Cash?
You can buy BCH directly on Phemex, and we’ll securely hold it on your behalf as a custodial exchange. You can also use other cryptocurrency like USDT to trade BCH on the Phemex spot market. After acquiring BCH, it will be held in your Phemex spot wallet which boasts meticulous security mechanisms.