Why is it difficult to swap out BCH ?

Question

Bitcoin Cash (BCH)

Diego Von Durnovaria

Why is it difficult to swap out BCH ?

The network seems very fast but for a business how can it be easier to exchange it?

#bch #bitcoincash #cryptocurrency #english

0

02.09.2024

15 ответов

3 просмотра

Diego Von Durnovaria Автор вопроса

Cheapy 🪐🌭
Difficult to swap out? What do you mean?

Well I tried swapping some and it took a long time. I just thought that maybe it was something about the coin. But also yes what about if a business wanted to sell it. What is the best way at the moment?

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1 месяц назад

Cheapy 🪐🌭

Diego Von Durnovaria
Well I tried swapping some and it took a long time...

Exchanges have their own policy as far as how many confirmations they need before they will let you sell.

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1 месяц назад

Diego Von Durnovaria Автор вопроса

Cheapy 🪐🌭
Exchanges have their own policy as far as how many...

Thank you. I was swapping several coins to test them and it was the only one which was difficult. I’m also looking at monero and it got me thinking that BCH might be ‘under attack’ like monero

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1 месяц назад

Cheapy 🪐🌭

Diego Von Durnovaria
Thank you. I was swapping several coins to test th...

BCH has always been under attack. Since before the even the first post fork TX. But luckily many businesses and people that were hardcore anti BCH gave up that stance and are mostly agnostic now.

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1 месяц назад

Diego Von Durnovaria Автор вопроса

Cheapy 🪐🌭
BCH has always been under attack. Since before the...

I’m very interested in how it can be adopted in business or in a community. All the Apple Pay visa stuff is what people use but BCH is much better and cheaper for small business I think.

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1 месяц назад

Cheapy 🪐🌭

Diego Von Durnovaria
I’m very interested in how it can be adopted in bu...

Paytaca.com has some great merchant solutions. There are a few great POS systems. They work great with smaller shops. The hard nut to crack is getting into a major retailer POS system.

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1 месяц назад

Aaron JP Almadro

Diego Von Durnovaria
I’m very interested in how it can be adopted in bu...

One shop at a time. We're doing it one shop at a time, here in the Philippines (and soon Hong Kong). ☺️ https://map.paytaca.com/

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1 месяц назад

Shadow Of Harbringer 👁️🧀

Aaron JP Almadro
One shop at a time. We're doing it one shop at a t...

This is very hard work at the foundations. Thank you for your service! 💚💚

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1 месяц назад

Aaron JP Almadro

Shadow Of Harbringer 👁️🧀
This is very hard work at the foundations. Thank ...

LFG! BCH FTW! 💪

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1 месяц назад

Shadow Of Harbringer 👁️🧀

Aaron JP Almadro
LFG! BCH FTW! 💪

Always! 🚀🚀🧨🔥🔥

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1 месяц назад

Dustin 🪐

Diego Von Durnovaria
Thank you. I was swapping several coins to test th...

I guess because you didn’t really define difficult, everyone assumed you meant slow exchanges (and perhaps you did). There could be other possibilities. For instance, if you are using a self-custody wallet and had to wait for BCH and not for other coins, then that would imply that you were using a multi-coin wallet that doesn’t support BCH’s 0-conf capabilities, leading to a poor experience regardless of whether that was due to lack of knowledge, lack of motivation, or actual malintent. If that were the case, it would definitely be advisable to try out the various dedicated BCH wallets out there, but as with everything crypto on the Internet, you should also make sure they’re legitimate before using them so that your funds aren’t stolen.

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1 месяц назад

Diego Von Durnovaria Автор вопроса

Dustin 🪐
I guess because you didn’t really define difficult...

Apologies for the lack of clarity.

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1 месяц назад

Dustin 🪐

Diego Von Durnovaria
Apologies for the lack of clarity.

No problem, just providing another vantage point in case it was applicable and useful.

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1 месяц назад