Why buy Bitcoin Cash?
When demand is high, BTC transactions can become slow due to the relatively small size of each block and the fact that each block takes about 10 minutes to complete. This could translate into waiting for hours or even days for a transaction to go through — or paying a much higher transaction fee to move your transaction to the front of the line. With Bitcoin Cash’s faster block times and larger block sizes, fees are consistently low and transactions generally never take more than a couple minutes to finalize.
BTC and BCH are not interchangeable, they are completely different cryptocurrencies with their own blockchains. The maximum supply of BCH is the same as BTC — i.e., 21 million coins. BCH has its own blockchain and is therefore a coin rather than a token.
Why buy Bitcoin Cash (BCH)?
BCH is an alternative cryptocurrency to other assets and could be a good choice, depending on your investment goals. With its low fees and fast block times, Bitcoin Cash is an efficient and affordable means of moving cryptocurrency between exchanges and wallets, or even for making purchases directly. Sending $100 worth of value using the Bitcoin or Ethereum networks could cost from a few dollars to $10 or more during busy periods. Sending that same amount of value using the Bitcoin Cash blockchain would only cost a few cents.
A growing number of DeFi platforms support BCH, allowing holders to earn interest or take loans out on their BCH deposits. The OKX Earn platform allows users to earn interest on BCH deposits.
Bitcoin Cash's native coin, BCH, may increase in value over time as cryptocurrency adoption continues to grow and evolve. Bitcoin Cash has a strong and dedicated following. A growing number of businesses also accept BCH as a form of payment thanks to its low transaction fees and fast block times.
Lastly, Bitcoin Cash has demonstrated its staying power. The project first went live back in 2017 and is still going strong. The primary Bitcoin Cash Reddit forum, for example, has 862,000 subscribers, as of the time of writing.