Bitcoin Cash (BCH) is a cryptocurrency that launched in August 2017 as a result of a hard fork
(a community-led update to the protocol or code) of the Bitcoin blockchain.
The purpose of the fork was to increase the block size so more transactions can be processed per block.
Since the fork, BCH has continued to evolve its technology in new directions beyond simply offering
just a ‘bigger-blocks’ alternative to Bitcoin (BTC).
The BCH community is focused on facilitating everyday transactions so that they are cheaper and faster and
can be used as digital cash for everyday purposes, thus competing with payments giants like PayPal and Visa.
The price of Bitcoin Cash and other cryptocurrencies are determined by supply and demand: the buyers who want a certain currency and the sellers who have that currency. Luno does not set the price of Bitcoin or any cryptocurrency.
There is no global Bitcoin Cash price, it isn’t pegged to any currency, country or Bitcoin platform. When you see the price on Google, it is simply showing an estimated, international price.
No. Bitcoin Cash and most other cryptocurrencies are divisible. You can spend a small amount of money and buy or sell very small amounts over time.
You can buy Bitcoin Cash through our app as well as our Exchange. After you’ve signed up with Luno, you can deposit money to your account.
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