Ethereum: What would happen if you send Bitcoin (BTC) to a Bitcoin Cash (BCH, aka BCC) address?
What happens if you send Bitcoin (BTC) to Bitcoin Cash (BC, BCC)?
Bitcoin Cash (CH) is a decentralized digital currency that was created as an alternative bitcoin protocol. From his fork in August 2017 the emergence of several new cryptocurrencies including bitcoin cash (BCH), Bitcoin Cash Classic (BCHC) and others. In this article, we will examine what happens if you feel bitcoin (BTC) to BCH Agust 1. Fork.
fork: August 1. 2017
1 August 2017 switches the Bitcoin Netress administration of the patient’s protocol. This has led to a significant increase in the size of the block and processing fees, which extends and more time consuming for miners to verify transactions.
Toad this problem, cheating developed a new cryptocurrency called Bitcoin Cash (CH). Those in the field write an alternative to the scale to change where you cannot cover your deer. BCH had a fast block, lower transaction fees and improved security features compared to Bitco.
Sending BTC to BCH
IAF Try Tor Bitcoin (BTC) for Bitcoin Cash Agust 1. Fork, serial things sick happ
* Communion BCH : If your bitcoin is written that can be transferred to bitcoin cash, you will receive an amont equivalent outside BCH.
* conversion fee : Depending on the exchange obligations that you, them may be applied to them. This fee is used in Bitcoine (BTC) and the AMTONT will be reduced outside the BCH you get.
* Transmission to BCH : Absence of conversion welfare has been processed,
Restore BTC if shipped to BCH
It is bitcoin (BTC) for Bitcoin Cash Agust 1. Forks and realizes that “”
* Contact the sender
: Reach to you to become a person who feels you BCH and Explants. A way to be willing to re -present BTC or return amunt.
Use cryptocurrency exchange
: You can have Coinbase, Binance or Kraken to transfer your BTC back to your Walet.
* Rebuy on the Bitcoin Cash Market : If the price off BCH will be Riise in the future, you will return to the LOHOK price.
In summary, if you are sending Bitcoin (BTC) to bitcoin cash intensive agust first fork, there are several possible results. While some people might get BCH or get them back, others will lose investment opportunities or cure.
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