Bitcoin Cash (BCH)

What is Bitcoin Cash?

Here are five key points about Bitcoin Cash (BCH):

Bitcoin Cash was created to solve Bitcoin’s scalability problem by increasing block size to 32MB, allowing more transactions per block.

It is designed for everyday use, with minimal fees suitable for micropayments and remittances.

Transactions confirm quickly thanks to larger blocks, improving the user experience for merchants and individuals.

Bitcoin Cash uses proof of work (PoW) for decentralised security and resilience.

Beyond payments, BCH also supports token protocols and smart contracts.

Tip: Learn more by reading our article: What is the Bitcoin Cash blockchain?

Bitcoin Cash support in Wraith Wallet

When you set up a multi-coin wallet, Wraith Wallet automatically provides you with a BCH address.

With Wraith Wallet you can:

Hold Bitcoin Cash securely.

Send and receive BCH natively.

Buy BCH using debit or credit cards (coming soon).

Getting Bitcoin Cash

You can get BCH in two ways:

Buy BCH directly through Wraith Wallet (coming soon).

Receive BCH using your unique address in the app.

Note: Bitcoin Cash can be manually enabled in your wallet by tapping on Manage token list.

Bitcoin Cash transaction fees

BCH keeps fees extremely low - usually a fraction of a cent.

Large block sizes prevent congestion, helping fees remain stable.

Low fees make BCH practical for international payments and microtransactions.

Tip: You can adjust fees in Wraith Wallet by tapping Network fee when sending BCH.

Checking your BCH balance

Wraith Wallet connects directly to the Bitcoin Cash blockchain.

Tap the three dots in your BCH wallet.

Select View address on Blockchair to see your transactions.

Blockchair is the default BCH explorer for Wraith Wallet.

Why use Wraith Wallet for Bitcoin Cash?

Simple to use: Manage BCH easily with an intuitive design.

Secure: As a self-custodial wallet, you control your BCH private keys.

Multi-currency support: Manage BCH alongside many other cryptocurrencies.

Cross-platform: Use your wallet across multiple devices.

Transparent: Open-source code ensures trust and security.

Conclusion

Bitcoin Cash (BCH) is a fast, low-cost digital currency designed for practical use. With Wraith Wallet, you can hold, send and receive BCH with ease, benefiting from low fees and quick confirmations.

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