Exchange bitcoin for cash coinbase
There are usually some differences in price for most cyrptocurrencies from exchange to exchange, as the length of time it takes to transfer cryptocurrencies makes arbitrage trades difficult. The Bitcoin Cash markets will most likely sort themselves out as traders decide exactly how much value trading at Coinbase does or does not bring to BCH.
Bitcoin Cash was created on August 1st from a so-called hard fork in the Bitcoin blockchain. A segment of the mining community supported changes put forth by the camp that became known as Bitcoin Cash, which includes larger blocks to cope with increased transactions on the blockchain.
Most of the Bitcoin community stuck with the core developers, however, who have not yet settled on a way of moving the platform further. The result was a fork into two separate chains. Both chains have the exact same history until a particular block was mined on August 1st, but from then on, they went their separate ways. This means that people who had Bitcoin at the moment of the fork also owned the same amount of Bitcoin Cash.
There have been other forks, but so far, Bitcoin Cash is the only one that has taken on a significant life of its own, including support from Coinbase and Blockchain. Users who had Bitcoin in Coinbase at the moment of the fork will now see their Bitcoin Cash in their Coinbase account. Coinbase has two core products: From Wikipedia, the free encyclopedia.
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