How to Use Bitcoin Cash (BCH) to Make Online Payments

Bitcoin Cash (BCH) is a cryptocurrency that was created in 2017 as a hard fork of Bitcoin. Since then, it has become one of the most popular and widely used cryptocurrencies, with a wide range of use cases.

In this article, we’ll look at how to use Bitcoin Cash to make online payments, including how to set up a wallet and make transactions.

What is Bitcoin Cash?

Bitcoin Cash is a decentralized, peer-to-peer digital currency that is based on the Bitcoin blockchain. It is a fork of Bitcoin, meaning that it is derived from the same codebase, but with some changes to the protocol.

Bitcoin Cash has a larger block size than Bitcoin, meaning that more transactions can be stored in each block. It also has lower transaction fees and faster transaction processing times.

How to Set Up a Bitcoin Cash Wallet

The first step in using Bitcoin Cash is to set up a wallet. A wallet is a piece of software that stores your BCH balance, allows you to send and receive payments, and helps you manage your private keys. 

There are a variety of wallets to choose from, including web wallets, mobile wallets, desktop wallets, and hardware wallets.

Making Payments with Bitcoin Cash

Once you have set up a wallet, you can start making payments with Bitcoin Cash. To make a payment, you will need the recipient’s Bitcoin Cash address. This is a string of letters and numbers that uniquely identifies the recipient’s wallet. You will also need the amount of Bitcoin Cash you want to send.

Once you have entered the recipient’s address and the amount of Bitcoin Cash you want to send, the wallet will generate a transaction. This transaction will be broadcast to the Bitcoin Cash network, where miners will confirm it and add it to the blockchain. Once the transaction is confirmed, the payment is complete.

Conclusion

• Bitcoin Cash is a popular cryptocurrency that is used to make online payments. It is a fork of Bitcoin, meaning that it is derived from the same codebase, but with some changes to the protocol.
• To use Bitcoin Cash, you will need to set up a wallet and make sure you have the recipient’s address. Once you have entered the recipient’s address and the amount of Bitcoin Cash you want to send, the wallet will generate a transaction. This transaction will be broadcast to the Bitcoin.