Bitcoin Cash Trading
Bitcoin Cash was created by the Bitcoin hard fork on August 1, 2017, made a new version of the blockchain with different rules.
What Is Bitcoin Cash
Bitcoin Cash was created by the Bitcoin hard fork on August 1, 2017, made a new version of the blockchain with different rules. Bitcoin Cash was created as a result of counteracting a prolonged Bitcoin scalability problem. It works by switching from the main Bitcoin blockchain to a new version, the software now has capacity for a larger number of transactions (by eight megabytes to be exact).
How to Trade Bitcoin Cash in 4 Easy Steps
- Open a Bitcoin trading account with United Fx Trading
- Fund your account
- Fill in your preferred investment amount
- BUY (go long) or SELL (go short) Bitcoin
Don’t miss the chance to trade Bitcoin with #1 regulated broker. Open your account now & enjoy the benefits of trading Bitcoin with an award-winning broker!
Bitcoin Cash in the markets
Since the infant cryptocurrency launched it had more than doubled in value from the initial Bitcoin Cash price of $300 to over $600. Investors are wondering if this could be labeled the ‘new king of cryptocurrencies’.
But Bitcoin Cash got off to a slow start in the beginning. If it was not for the Bitcoin Cash mining algorithm breathing life in to the new instrument, it would not seem as attractive to profit-seeking computer miners.
Once the finance markets got wind of this jump and rise in the rate at which the ‘blocks’ were being produced (known as hash rate), traders and investors started to bid up the BCH price, hence its rise in popularity.
Why Trade Bitcoin with United Fx Trading
- We offer Bitcoin trades with up to 20:1 leverage
- You can start trading Bitcoin from as little as $100
- This volatile crypto makes for an excellent addition to any financial trading portfolio
- United Fx Trading is one of the only brokers that offer Bitcoin trading around the clock, for maximum convenience
- You can sell Bitcoin (go short) and potentially profit even when the market price is downtrend
- Enjoy live language-specific customer support around the clock
- United Fx Trading offers zero commissions on Bitcoin trading and no bank fees charged on transactions
- Zero exposure to hacking or theft simply because you don’t actually buy or sell the cryptocurrency
- United Fx Trading is regulated on 5 continents
- Execute trades in just 3 clicks, free from the complex crypto purchasing process
How Bitcoin Became So Popular
Bitcoin was the first digital currency to be created. It is also the most respected, capitalised and traded cryptocurrency in the world. Bitcoin trading is booming, and a big reason for this is the volatility of this cryptocurrency.
Currency trading allows for maximum yield when it is volatile – lots of ups and downs. This is precisely the reason global traders enjoy trading Bitcoin. Plenty of profitable opportunities are available when markets are volatile, and Bitcoin ranks highly with currency traders.
The media plays a big part in the volatility of Bitcoin. Whenever a breaking story surfaces, Bitcoin volatility increases, and traders cash in. History has shown that Bitcoin traders and speculators routinely push this digital currency to the forefront of trading.
It is increasingly being used as the preferred payment option for merchants, money transfers and trading purposes. More traders are turning to Bitcoin trading in UK than ever before, and that is why this cryptocurrency is inherently valuable. It is a high demand financial trading instrument, despite no association with governments or central banks.
Bitcoins are mined with powerful computer hardware and software. A maximum of 21 million Bitcoin will be available, after which no further bitcoins will be produced. The algorithm which governs the production of Bitcoin limits the quantity that will be produced, and the rate at which they will be produced. It is a finite commodity – there is a fixed amount, and that ensures that greater demand will always prop up the price. In this way, it is similar to other finite commodities such as crude oil, silver, or gold.