There are many different viewpoints on how to best grow the Bitcoin network, with the network struggling to meet the demand for the cryptocurrency.
Given that Bitcoin has grown on a reputation of fast transactions, there was a desire for change. This led to the development of BCH which has been created in order to ensure transactions take less time and that the fees associated with the transaction are smaller.
While there has been acceptance of BCH in the community and users, not every organisation that has carried out Bitcoin transactions has accepted the new cryptocurrency. Therefore, it is vital that people interested in using BCH understand what it is and where they can buy or sell it.
There are many options to sell BCH in the UK
There are a number of Bitcoin Cash exchanges operating which are accessible in the United Kingdom. Names like Binance, Kraken, CEX.io, BTCBOX and Changelly all provide users with the chance to deposit and withdraw BCH. Changelly and BTCBOX even allow trading to occur, and of course, there are more options being made available all the time.
It is vital to stay up to date with the latest news and developments with respect to Bitcoin and BCH. Cryptocurrency evolves at a great rate and there are always new developments for people to be aware of. Even market leaders like Satoshipoint need to be aware of developments and the changing nature of the market.
Will BCH ever replace Bitcoin?
It would be fair to say there is a high level of debate and discussion regarding BCH. Critics of the new cryptocurrency point to the size and stature of Bitcoin and suggest that it will never replace Bitcoin. This is unlikely and even though BCH was introduced to provide a different option to Bitcoin, it is rare that a new version would match the size and scale of the market leader.
However, it would be wrong to suggest that everything about Bitcoin is perfect. There were valid reasons for the creation of BCH and there are still many people who believe that this cryptocurrency offers an improvement on what Bitcoin has to offer. Given that much of the cryptocurrency market is based around predictions, there is nothing unusual in this.
The fluctuating fortunes of Bitcoin is all you need to know to realise that it can be difficult to make a confident prediction regarding any cryptocurrency. BCH may not be able to rival Bitcoin in the long run but it remains a suitable option for people looking for a sleeker variant on the market leader. With an increasing number of options to buy and sell BCH being made available all the time, it is likely that interest in this cryptocurrency will continue to develop for the foreseeable future.
Date Published: Wednesday February 20, 2019
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