Bitcoin Cash (BCH) is a hard fork of bitcoin that came into existence on August 1, 2017. The opportunity for Bitcoins Cash came when the original Bitcoin was undergoing a Segregated Witness based upgrade on its original blockchain. The move was sanctioned by an overwhelming majority of bitcoin users, developers and miners as it allowed faster transactions. Bitcoin Cash left things as they were and as a result two bitcoins were born on August 1.
The original bitcoin was upgraded and the bitcoin cash fork’s blockchain was born. It was the same as that of bitcoin only without the segwit upgrade. Even though bitcoin cash right now is being traded at ~$600, it will take a while before you can use the fork for other purposes except trading with other altcoins or converting it back into cash. It is currently the third largest cryptocurrency in the world right now after Bitcoin (BTC) and Ether (ETH).
Here are some of the famous bitcoin cash exchanges that are offering trades in the new coin:
Kraken Bitcoin Cash Exchange
Kraken was also one of the first exchanges that started trading in BCH. It opened trading for BCH after the last common block 478558 of the two bitcoins was surpassed. Within minutes, Kraken announced that all Bitcoin Cash holders had been credited with the new fork. You can trade openly for BCH now on the Kraken.
One of the biggest cryptocurrency exchanges was quite vocal in the support of the new fork before and after it happened. It was one of the first exchanges that started trading in Bitcoin Cash even when there wasn’t much liquidity and there many doubts surrounding the future of the fork.
Bter BCH Exchange
Bter had millions of dollars worth of BCH exchanges happenings within 24 hours of the fork. It had agreed to accept bitcoin cash.
The Viabtc also announced that it had started trading in BCH on shortly after the fork happened. But, it was cautious in its attempts and needed 20 confirmations before withdrawals.
Huobi and OKCoin
The two biggest Chinese exchanges named Huobi and OkCoin now trade in Bitcoin Cash. Both of them took a little while in opening their trades because of the uncertainty surrounding the currency.
If you have bitcoin cash from the previous blockchain, you can still cash out or use it to trade with any of the regular cryptocurrencies. It is like having free cryptocurrency for nothing, really.
Coinbase, one of the largest cryptocurrency exchanges has still not backed bitcoin cash and has not credited its bitcoin holders with the appropriate bitcoin cash amount. This relationship seems to be affecting the price of the BCH overall but it may be only a matter of time before Coinbase starts trading in it.