BlockTrades Added Support for Bitcoin Cash

BlockTrades website for the exchange of cryptocurrency announced support for as for the most requested coin by users of the platfrom
15 January 2018   1245

BlockTrades website enables users to rapidly purchase cryptocurrencies without the hassles typically associated with purchasing through a centralized cryptocurrency exchange and differs from a traditional exchange as users don't need to maintain a balance on the site. 

On January 15 of 2018 BlockTrades announced launch of Bitcoin Cash, and in addition to supporting regular buying and selling of BCH, customers will also be able to purchase Steem accounts with BCH.

Moreover, BlockTrades will allow BCH to be sent using both the new BCH-specific addresses or the old-style addresses, but the deposit addresses generated for users paying with BCH will only be generated in the new format.

One useful aspect of Bitcoin Cash is that transaction fees are cheap relative to Bitcoin, and Bitcoin Cash is supported at many exchanges that support Bitcoin, making it a useful intermediate coin (like Litecoin, Ethereum, and Doge) for going to and from fiat currencies.

BlockTrades official statement

Currencies that are already listed on BlockTrades are: BitCNY, BitEUR, BitShares, BitUSD, OPEN.BTC, OPEN.DASH, OPEN.ETH, BTC, DASH, Dogecoin, ETH, LTC, Steem, Steem Dollar.

Earlier today we have reported that GDAX crypto exchange announced resuming BTC-BCH trading from January 17 after temporary suspension.

At the moment of press, these are main market parameters of Bitcoin Cash:

  • Average price: $2 477,58
  • Marketcap: $41 903 310 540
  • 24h volume: $1 367 100 000

OpenBazaar Now Accepts Bitcoin Cash

Decentralized marketplace OpenBazaar added support for Bitcoin Cash Zcash (Beta) payments
08 February 2018   138

OpenBazaar is a free online marketplace and a peer to peer application that doesn’t require middlemen, has no fees and no restrictions.

The platform announced on Wednesday that it had integrated Bitcoin Cash, the cryptocurrency that forked from the main Bitcoin blockchain last year. It has also added a beta release for Zcash support.

Both currencies are added as part of the project's version-2.1 release.

With this update, users will have the option to create new nodes for processing Bitcoin Cash and Zcash (Beta) payments, respectively.

It is worth noting that the startup has raised more than $4 million to date. The investments are coming from Andreessen Horowitz and Union Square Ventures as well as industry investors like Digital Currency Group and Berlin-based BlueYard.

According to the release, more currencies and multiple currency support are on its roadmap for future releases.