BCH USD: Bitcoin Cash to dollar rate, online chart and forecast Masterforex-V

Bitcoin Cash is the fourth cryptocurrency in terms of capitalization (as of July 9, 2019) and popularity in the world, a fork of Bitcoin that separated from it on August 1, 2022.

BCH USD is a cryptocurrency pair that denotes the quote rate of Bitcoin Cash to the US dollar on cryptocurrency, stock, futures, currency exchanges, as well as on the over-the-counter forex market. If today (July 2022), the BCH USD rate is 424, which means that 1 Bitcoin Cash costs 424 American dollars (USD).

What does the BCH USD exchange rate depend on?

The BCH/USD rate does not depend either on news or on their forecasts, and not even on rumors on the well-known portal bitcointalk.org , as journalists constantly say, but on

1. From trends in the dollar index and alcoin index (exclusively presented by NordFX broker). Therefore, when
   • trends of these indices in opposite directions, either a bullish or bearish movement will form for the BCH/USD pair;

   if these trends are one-vector, then a flat-like movement will be observed on the pair itself.

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2. From the rise or fall of cryptocurrency market capitalization: if capitalization increases, then the value of the cryptocurrency increases.

3. From volume growth purchases (Buy) or sales (Sell) on cryptocurrency exchanges. For example, a strong trend (impulse) in BCHUSD, as a rule, is accompanied by an increase in trading volumes (red arrows), and a correction corresponds to their fall or at least the formation of a flat-like movement in volumes (blue arrows):

4. From… Bitcoin exchange rate BTC. And this is not surprising, Bitcoin Cash (BCH) is a fork (modification of the source code) of Bitcoin:

The best indicators for forecasting the BCH USD rate

In reality, the Bitcoin Cash rate follows the levels of accumulations of market maker orders. In the above figure from the closed forum of the Masterforex-V Academy, you can see the MF levels, which are divided into strong and secondary.

In addition, it is recommended to install FREE proprietary indicators from the Masterforex-V Academy on the charts: AO_ZOTIK (Zotik) and the WPR_VSMARK oscillator. Example:

Agree, has it become easier to understand the logic of Bitcoin Cash movements? In the figure, we showed only 4 working tools out of more than 30 that you can get during professional training in Forex and the Exchange at the MasterForex-V Academy.

Features of Bitcoin Cash

• There is no registration in the usual sense; anyone can become part of the system; for this you just need to create a wallet.
• There is no link between the BCH wallet and the identity of the owner, which guarantees anonymity, as well as the ability to create an unlimited number of wallets.
• Fast, anonymous transfers around the world with minimal costs.
• Impossibility of returning or freezing transactions.
• The ability to store a coin in different ways (online, on a flash drive, computer or smartphone).
• Without the intervention of financial regulators, the Bitcoin Cash rate is determined solely by supply and demand.
• Limited edition of 21 million coins.

By and large, the functionality of the fork is practically no different from its older brother; the difference between them is visible only when delving into the technical part.

Place of Bitcoin Cash (BCH) in the TOP rating of cryptocurrency capitalization

Bitcoin Cash occupies an honorable 4th place in the capitalization ranking of all cryptocurrencies in the world, second only to Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and slightly ahead of Litecoin (LTC).

In which countries is it prohibited and allowed to own and trade Bitcoin Cash (BCH)?

Financial regulators in many countries have completely or partially banned all cryptocurrencies, including Bitcoin Cash. In some countries, digital payment means are perceived as a threat to financial stability. The governments of Muslim states explain the introduced bans by the specific nature of virtual money. For more information about the reasons for the bans, see Which countries prohibit cryptocurrencies?

Bitcoin Cash to US Dollar exchange service created for your convenience.

EXMO is a reliable cryptocurrency exchange with a high level of security of funds and data and the fastest technical support that responds within 15 minutes 24/7. Taking care of the client is the main priority of the EXMO team.

The EXMO platform, where you can exchange BCH for USD, was founded in 2013 and has offices in London, Kyiv, Istanbul and Moscow. EXMO is one of the largest exchanges in Europe in terms of traffic, BCH trading volume and liquidity.

The platform's easy-to-use interface will be convenient for both beginners and professional traders. The platform uses TradingView charts , which contain all the tools and data a trader needs for technical analysis when trading Bitcoin Cash or the US Dollar.

Log in to the platform, buy/sell Bitcoin Cash and store Bitcoin Cash in the EXMO multi-currency wallet.

In which countries is it legal to own and trade Bitcoin Cash?

The leadership of a number of other countries is not trying to create obstacles to the development of the financial market and, instead of bans, is developing mechanisms for regulating the circulation of cryptocurrency assets. Bitcoin Cash is officially authorized, legalized and licensed in the United States (upon obtaining an appropriate license from the SEC or CFTC), Germany (BaFin license), Canada (IIROC permit), Switzerland (FINMA license), Malta (FSC Mauritius), Spain (CNMV ), Singapore (MAS regulator approval), Australia (ASIC license), New Zealand (FSCL regulator), Hong Kong (SFC license), Belize (IFSC), Mauritius (FSC), Botswana (Botswana IFSC), South Africa (FSB regulator), Israel (ISA), Estonia (EFSA) and some other countries.

Details in the wiki publication Masterforex-V - In which countries are cryptocurrencies allowed?

TOP 5 interesting facts about Bitcoin Cash

• Specialists call Bitcoin Cash one of the most popular and most controversial digital coins existing in the cryptocurrency market segment.
• The BCH structure duplicates the original Bitcoin network and boasts similar advantages - no inflation, anonymity and decentralization. Bitcoin Cash differs from Bitcoin in its larger block size and faster growth rate of network complexity.
• Bitcoin Cash supports 10 times fewer nodes than Bitcoin, so BCH can be called a less decentralized currency.
• The coin failed to achieve much popularity. For most users, Bitcoin Cash evokes almost no emotions; many consider it a junk coin.
• At the same time, the cryptocurrency occupies a high position in the capitalization ranking, which should be taken into account. After appearing on the exchanges, Bitcoin Cash did not lose its value, but only significantly increased it. This means that the digital currency has considerable value for the market.

Differences between BCH and BTC

Although these two coins work on the same principle, they still have a number of differences, which we will discuss below:

• Bitcoin Cash has an increased block size - 8 MB, versus 1 MB for Bitcoin.
• The network difficulty is recalculated every 6 blocks, and in the Bitcoin network this happens every 2016 blocks (once every two weeks).
• In Bitcoin Cash, the size of information entered into a block has been reduced.

All these innovations were added to the chain of the new coin, which led to a significant acceleration of the network. For example, the original Bitcoin blockchain can process only 250 thousand transactions per day, while for Bitcoin Cash this figure reaches almost 2 million.

In addition, the developers managed to achieve a reduction in the commission for processing financial transactions, which is good for ordinary users, but rather a disadvantage for miners. The average commission is $0.003, and the daily trading volume is $1.5 billion.

Where can I buy Bitcoin Cash for a long-term investment?

• on the crypto exchange . The TOP 10 included:
• Binance (daily turnover $1.748 billion), official website binance.com/ru;
• OKEx ($1.466 billion) - okex.com/lang/ru-RU/;
• DigiFinex ($1.398 billion) - bytwork.com;
• CoinBene ($1.209 billion) - coinbene.com;
• DOBI Exchange ($1.212 billion) - dobitrade.com/en/;
• Huobi Global ($1.191 billion) - hbg.com/ru-ru/;
• OEX ($1.197 billion) - OEX com;
• CoinEgg ($1.150 billion) - coinegg.com;
• Fatbtc ($1.146 billion) - fatbtc.com;
• IDAX ($1.127 billion) - idax.pro.

• through an exchange office. This method of purchasing digital means of payment is the most popular today . Using the exchange office monitoring service www.bestchange.ru, you can easily find an option to purchase Bitcoin Cash for fiat money (different payment options are available - Visa/MasterCard, QIWI, Yandex.Money, WMZ, Skrill USD, etc.)

Where to buy Bitcoin Cash?

Buying BCH for USD on the EXMO exchange is very easy, you just need to follow a few steps:

1. Login to EXMO or create an account if you don't have one;
2. Go to the “Wallet” section of your personal account;
3. Select USD currency and top up your balance;
4. Go to the “Trades” page, select BCH/USD in the list of currency pairs;
5. Scroll down to “Buy BCH” and “Sell BCH”;
6. Select order type: Limit, Market or Stop:
   Use Order if you want to instantly buy or sell BCH at the current market price (currently 1 BCH is 391.99 USD). This order does not require any additional settings.
7. A limit order is an order to buy (or sell) BCH at a certain, more favorable price. A buy limit order is executed only at or below the specified maximum price, and a sell limit order is executed only at or above the specified maximum price.
8. A stop order is a pending order for automatic purchase or sale operations, which is executed according to previously established restrictions in order to make a profit and (or) minimize possible losses.
9. Fill in the “Amount” and “Price” fields (pay attention to the transaction fee).
10. Click the “Buy” or “Sell” button.

Easy, right? Now you know that purchasing Bitcoin Cash and exchanging US Dollars for Bitcoin Cash is available to all users. You just need to figure it out a little.

Where can traders and investors trade BCH/USD?

First of all, it should be remembered that BCHUSD is not the Bitcoin Cash cryptocurrency itself , but a cryptocurrency pair for trading Ethereum in anticipation of its rise or fall against the US dollar. Trading on BCHUSD is carried out on the following platforms:

• crypto exchanges;
• Forex brokers , whose popularity in BCH/USD trading can be explained
• 100% liquidity provided by market makers. This means that with a broker you can close a transaction at any convenient time, unlike crypto exchanges, where the sale of Bitcoin Cash goes directly to the buyer and may take some time;
• Possibility of using leverage. The help of brokers allows you to trade a significantly larger amount of Bitcoin Cash and make a greater profit (or loss) than on traditional cryptocurrency exchanges;
• availability of PAMM accounts. With successful trading, investors can give traders their funds to manage (which is not the case on crypto exchanges).

Secrets of successful BCH trading

In the vast majority of cases, working only on BCHUSD does not bring significant profit to traders and investors when trading on the market. The reason is that the Pareto 20/80 law works in any financial market; the cryptocurrency market is no exception to the rule. According to this law, only 20% of all movements of a financial instrument relate to a strong trend, which brings traders about 80% of profits, and the remaining 80% of the time the BCH USD pair (as well as other fiat and virtual currencies) is traded in a complex flat.

Therefore, professional and novice traders of the Masterforex-V Academy do not choose ONE specific market or individual instruments, but different ones - cryptocurrencies, Forex currency pairs, commodity futures (oil, etc.), stock indices, etc. For a trader who achieves high profitability, what is important is not a specific market or favorite financial instrument, but the presence of a strong trend, which can be observed in the euro franc in one period, in stocks in another, in cryptocurrencies in the next, and then in indices. stock market and other popular instruments.

Only working in DIFFERENT markets and instruments can provide a permanent income of up to 300%-700% over several years. This thesis is confirmed by the statistics of our Rebate - autocopy service pro-rebate.com. Passive investing in stocks, ETFs or BCH cannot provide similar returns for investors.

Recommended brokers for trading and investing in BCH

The TOP 13 recommended brokers of the Masterforex-V Academy have all the necessary tools for effective work on VARIOUS markets for opening real trading accounts in these companies.

Statistics from the free autocopy rebate service pro-rebate.com show that about half of successfully trading traders previously opened deposits with NordFx , which offers its clients the opportunity to use

• cryptocurrencies (their quotes to fiat money) – to BTC, EOS, ETH, BCH, XPR, OMG, ETC, EMR, LTC, NEO, IOT, DSH, ZEC, etc.;
• cryptocurrency indices - 10ALT (10 altcoins to USD), TOP14Crypt (14 cryptocurrencies to the US dollar), TOP3ALT, etc.;
• currency pair quotes – AUD USD, EUR USD, GBP USD, EUR GBP, USD JPY, USD CHF, USD CAD, GBP NZD, NZD USD, USD RUB, EUR RUB, USD UAH, GBP AUD, USD BYN, USD SEK, USD NOK, USD CNY, EUR CHF, EUR JPY, EUR NZD, EUR AUD, EUR CAD, EUR NOK, EUR SEK, GBP CHF, GBP CAD, GBP JPY, GBP SEK, GBP NOK, etc.;
• indices S&P 500, Dow Jones 30, DAX 30, NIKKEI 225, FTSE 100, NASDAQ-100;
• CFD of oil, gold, silver, etc.
• investments in balanced investment portfolios of large global investment funds with trust management (FD) Pro-Industry Fund, Pro-TECH Fund, Pro-Expert Fund and American shares of the NYSE and NASDAQ exchanges - Intel Corp., Microsoft, McDonald's, Apple, Motorola, Boeing , Alibaba, Nike, Coca-Cola, Visa Inc., PayPal, Google, Facebook, Ferrari, 21 FOX, Pfizer, HP Inc, Jonson & Jonson, Nvidia, Cisco, Electronic Arts, Mastercard, PayPal, Fedex, etc.
• PAMM and RAMM accounts.

The broker provides

• trading platforms Meta Trader 4 and Meta Trader 4 Mobile, which has the largest group of built-in indicators and oscillators for objective technical analysis of technical charts;
• minimum trading account from $10 (Masterforex-V reminds that the minimum recommended deposit for money management is from $800-$1000 when trading 0.01 lot)
• leverage from 1:50 to 1:1000;
• traders are allowed to use all types of trading strategies from automated advisors to day trading, swing trading, scalping, etc.
• financial regulation CySEC in the European Union.

When opening a real trading account of $3,000 or more at NordFX, a trader also receives the opportunity to study for free at the Masterforex-V Academy for 1 year.

The rest of the traders trade no less successfully, having opened accounts with 12 more companies in our Forex Broker Rating - Dukascopy Bank SA, FXPro, Interactive Brokers, Alpari (Alpari), Swissquote Bank SA, OANDA (Oanda), FXCM, Saxo Bank (Saxo Bank), FOREX.com, FIBO Group, Fort Financial Services (FortFS), Finam (Finam).

Sincerely, wiki Masterforex-V, free (school) and professional training courses Masterforex-V for working on Forex, stock, futures, commodity and cryptocurrency exchanges.

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