What is Bitcoin Cash?
Bitcoin Cash is a cryptocurrency that was created from a fork in Bitcoin in 2017. Bitcoin Cash can accommodate 32 times as many transactions as Bitcoin in a single block, making it a great option for peer-to-peer payments.
Bitcoin Cash’s mining limit is the same as Bitcoin — 21 million. However, it operates on its own blockchain and has an additional emergency difficulty adjustment algorithm.
Bitcoin Cash is meant to offer faster, easier, and more frequent transactions than Bitcoin with the same benefit of being decentralized, anonymous, and digital.
How to create Bitcoin Cash wallet?
Creating Bitcoin Cash wallet with Coin Wallet is fast and hassle-free. You can do it from your computer or mobile device without providing any personal information.
The process is simple:
- Select “Create new wallet”.
- You will be given a unique passphrase. This is your only way to access your wallet. This information cannot be retrieved if lost, so it is essential to record it in a secure place.
- Set a PIN for quick access on your device.
- From here, you’re ready to send, receive and exchange Bitcoin Cash with the app. You can buy Bitcoin Cash with a credit/debit card, Google Pay, Apple Pay, or exchange with your existing crypto.
