Main  >  Exchange   >   How to Exchange Ethereum to Bitcoin Cash at the Best Rates?

How to Exchange Ethereum to Bitcoin Cash at the Best Rates?

How to Exchange Ethereum to Bitcoin Cash at the Best Rates?
127
0

Ever since Bitcoin’s inception, there has been a lot of debate surrounding the coin’s ability to scale. For starters, Bitcoin’s digital ledger, blockchain, is a revolutionary ledger-recording tech that makes it difficult to manipulate. Not to mention, the fact that it’s decentralized and runs on nodes all over the world. However, the major problem of Bitcoin is that it’s slow. For comparison purposes, credit company Visa is able to process about 1,700 transactions per second, which translates to 150 million transactions per day while Bitcoin is only able to process 7 transactions per second. Moreover, as the network of users grows, so does the waiting time for processing transactions. So the issue of scalability and transaction speeds have been two major problems of Bitcoin. The only solutions include reducing the amount of data to be verified in each block smaller to make transactions cheaper and faster or making the blocks data bigger so that more information can be processed. These solutions led to the creation of Bitcoin Cash (BCH).

How to Exchange Ethereum to Bitcoin Cash at the Best Rates?

What is Bitcoin Cash?

Bitcoin Cash is a Bitcoin hard-fork that was created by Bitcoin developers and miners who were concerned with Bitcoin’s ability to scale in the future. It shares a majority of the same characteristics and features as Bitcoin but does have a number of features and changes that sets it apart from Bitcoin. The developers and miners who made Bitcoin Cash argued that through the adoption of SegWit2x, Bitcoin would no longer adhere to the original vision of being a P2P electronic cash system as per the initial intentions of Satoshi Nakamoto.

BCH has its own blockchain, its own specifications, and increased block size. This enables BCH to accelerate the validation process and thus process transactions quicker than Bitcoin. The wait times are also significantly shorter and the transaction fees are lower than those of Bitcoin. The only downside is that despite all these improvements, Bitcoin has still remained one of the most popular cryptocurrencies in the world. So how would BCH compare to a Bitcoin competitor such as Ethereum? Let’s find out below.

What is Bitcoin Cash?

Ethereum vs Bitcoin Cash

Both Ethereum and Bitcoin Cash are among the most popular cryptocurrencies in the world right now. However, despite the similarity in popularity, both coins serve different functions in the crypto industry. The table below highlights some of the differences between Ethereum and Bitcoin Cash.

 

Bitcoin Cash

Ethereum

Description

Digital Currency

Digital currency/ blockchain platform

What is it?

 

Bitcoin Clone

Programmable contracts and money

Ticker

BCH

ETH

Launch Date

August 1st, 2017

July 2015

Founders

Roger Ver and a bunch of Bitcoin miners, activists, and developers.

Vitalik Buterin

Supply (Total)

21 million

18 million/ year

Algorithm

Scrypt

Ethash

Block Limit Size

32MB

1 MB

Block Confirmation Times

10 mins

Less than 15 seconds

Block Reward

Halved every 840,000 blocks

5 tokens/block

Average Block/Hour

6

170

Smallest Crypto Unit

0.00000001 BCH

0.000000000000000001 ETH

Why Exchange ETH to BCH?

Bitcoin Cash’s overall goal was to overtake Bitcoin and become the king of cryptocurrencies. Unfortunately, that has not happened. Bitcoin still occupies the top-most rank in the cryptocurrency market in terms of price, market cap, and even volume. Ethereum, on the other hand, may not have replaced Bitcoin, but it did manage to occupy the 2nd position and certify itself as Bitcoin’s one and only rival. Despite this, the question still remains; why should you exchange ETH to BCH?

The answer is simple. BCH beats ETH when it comes to transaction fees. It’s obvious that Ethereum is a more popular platform than Bitcoin Cash. However, BCH fees are significantly lower compared to those of ETH. Both cryptocurrencies have done their best to lower their transaction fees. However, only BCH is winning in that sector. Besides, if you really look at it from a spending point of view, nobody wants to lose money in order to spend money. This makes BCH a worthier buy than ETH for anyone who doesn’t wish to spend a lot on transaction costs.

How to Exchange Ethereum to Bitcoin Cash?

To exchange ETH to BCH, you will first need to find an exchange that can help you convert Ethereum to Bitcoin Cash. Swapzone is the best exchange platform for this job as it supports the ETH BCH pair. If you are wondering how to exchange Bitcoin Cash or how to exchange Ethereum, below is a step-by-step procedure on how to do it:

Step 1. Launch Swapzone on your internet browser.

Step 2. Look for the “select pair” tab and select the ETH BCH pairing.

Step 3. Enter the amount of ETH that you wish to exchange for BCH, or vice-versa if you are trying to convert Bitcoin Cash to Ethereum. Swapzone will provide you with a list of the best rates for whichever pairing you choose. Go through the different offers and choose the one that you want.

Step 4. Hit “exchange” and provide a wallet address to where your cryptocurrency will be sent to.

Step 5. Enter your details and double-check to make sure they are correct.

Step 6. Click on “proceed the exchange”.

Step 7. Wait for the exchange process to finish.

Step 8. Once the transaction finalizes you will receive a deposit into your wallet. 

Step 9. Take a moment to rate the exchange partner so that we can acquire enough information on the exchange for future improvement.

How to Exchange Ethereum to Bitcoin Cash?

FAQ about Exchanging ETH to BCH

Is Bitcoin Cash Better than Ethereum?

As you can see, we’ve discussed a lot of things about both Ethereum and Bitcoin Cash. Even though these two cryptocurrencies are popular, they differ greatly and each is unique in its own way. However, the value of both cryptos depends on the demand and behavior of the crypto market. If demand and adoption rate increase, then their values will probably increase as well. Whether Bitcoin Cash is better than Ethereum 100% depends on your opinion. Always conduct your own research before investing in any of them.

Is Bitcoin Cash Better than Ethereum?

What is the Real-Time ETH to BCH Exchange Rate?

You can find the real-time ETH to BCH exchange rate by heading on to Swapzone. Simply enter the amount of ETH to BCH you wish to exchange and wait for Swapzone to display the exchange rate. Keep in mind that you will receive the exchange rates of several exchanges. Simply choose the one that you want.

Why Is Swapzone the Best Place to Exchange ETH to BCH?

Swapzone is the best place to exchange ETH to BCH as it provides you with the best deals only. Not to mention, it’s completely free to use, has a user-friendly web interface, and a lot of tutorials for beginners.

Why Is Swapzone the Best Place to Exchange ETH to BCH?