Young is pleased to announce that starting today you’ll be able to purchase and sell Bitcoin Cash (BCH) one of the main cryptocurrencies on the market, on the Young Platform exchange.
Bitcoin Cash was launched on August 1st, 2017, the brainchild of the well-known Bitcoin community member: Roger Ver.
A number of Bitcoin miners, led by Ver, proposed to increase the block size to 8MB so that more transactions could be included in each block. However, not the whole community accepted this proposal and a hard fork occurred.
Currently, BCH is the sixth cryptocurrency, with a capitalisation of over 4.5 billion Euros.
Why did Young Platform decide to list Bitcoin Cash (BCH)?
Since it is one of the main cryptocurrencies, Young’s community strongly wanted this new coin: that’s why from today Bitcoin Cash (BCH) is finally available on our platform!
How much is 1 Bitcoin Cash (BCH) worth?
Currently, 1 Bitcoin Cash (BCH) is €250.00.
What is the total number of Bitcoin Cash (BCH) on the market?
There are currently 18,500,000 BCH on the market. As for Bitcoin, the maximum number of BCH that will be issued is 21 million.
What is the maximum value reached by Bitcoin Cash (BCH)?
On December 20, 2017 Bitcoin Cash (BCH) reached its all-time high of 3645 Euro.
Which Bitcoin Cash pairs will be available on Young Platform?
What are the fees for BCH?
Trading fees for BCH range from 2.5% to 1.35%:
Euro – BCH: 2.5%
Bitcoin – BCH: 1.35%.
The story of Bitcoin Cash: its founder
Roger Ver is a famous investor and one of the first Bitcoin adopters. He has invested millions of dollars in several emerging startups operating in the cryptocurrency world, including Ripple, Z.Cash, Blockchain.com, Bitpay, Purse.io and Kraken. He is also the CEO of Bitcoin.com and one of the five founders of the Bitcoin Foundation, to which he has also donated more than $1 million in Bitcoin. Ver sees Bitcoin as a way to achieve economic freedom. In the crypto community, he is also known as Bitcoin Jesus.
Ver has described Bitcoin Cash as the “real Bitcoin“, stating that in the near future the cryptocurrency will have a market capitalisation, trading volume and a larger user base than its big brother. It also appears that most of Ver’s funds are now in Bitcoin Cash, perhaps the most important indicator of his confidence in this currency.
The main features of Bitcoin Cash
With Bitcoin cash we are in the presence of a cryptocurrency based on four key features
- Decentralisation: the network is fully distributed
- Peer-to-Peer: you can send Bitcoin Cash directly from A to B without intermediaries
- Security: it uses sophisticated encryption systems to prevent hacking, fraud and attacks
- Transparency: all transactions are available on the Bitcoin Cash blockchain, accessible and verifiable by everyone
For its supporters, Bitcoin Cash is a more convenient cryptocurrency than traditional Bitcoin: since blocks go from 1 to 8 Mb, Bitcoin Cash allows you to process many more transactions in a block. As a result, larger transaction volumes can be processed faster with lower fees. Plus, because the level of difficulty inherent in Bitcoin Cash’s mining activities varies depending on how many miners are active on the network, many of which have migrated to Bitcoin Cash, this allows them to generate higher profits at a faster pace.
50% discount on fees for BCH!
To celebrate the listing of Bitcoin Cash, Young decided to halve the fees to buy and sell BCH!