Bitcoin Cash (BCH) is a decentralised currency that was created in the year 2017 as a way of improving the Bitcoin system and speeding up slow transactions by increasing the size of blocks. By increasing the size of these blocks, drastically increased the number of transactions that could be processed on each.
Check out Swyftx Learn to find out more about Bitcoin Cash.
To buy Bitcoin Cash, sign up for a trading account with Swyftx; Australian Cryptocurrency Exchange. Simply verify your account, upload AUD, select the amount of BCH you wish to purchase. Click ‘Buy BCH’ and the Bitcoin Cash will become immediately available in your wallet.
How do I buy Bitcoin Cash?
You can buy Bitcoin Cash in Australia by creating a crypto trading account with Swyftx. The account registration and verification process takes less than three minutes and as soon as this is complete you can deposit AUD using bank transfer, POLi, PayID, OSKO, or debit card and use it to buy Bitcoin Cash (BCH).
What is Bitcoin Cash used for?
As a decentralised, permissionless cryptocurrency, Bitcoin cash requires no intermediaries or third parties to authorise transactions. Unlike fiat currencies such as AUD and USD, Bitcoin Cash does not rely on a monetary middleman such as a central bank to process transactions. Transactions are fast and fees are lower than that of Bitcoin. In addition to being used for peer-to-peer payments between participants, Bitcoin Cash can be used to pay for goods and services in-store and online. Essentially anyone can accept bitcoin cash payments if they have a computer or smartphone. Alternatively, people in Australia can buy Bitcoin Cash using the Swyftx cryptocurrency exchange.
