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First, you have to complete Advanced Verification on the Nexo platform which only takes a couple of minutes. Once you pass verification, then:
Your BCH assets are kept in BitGo bank-grade cold storage and carry $375M in insurance protections. Our partners’ hardware and software guarantees allow for instant access to your funds and full independence from third-party providers.
As Bitcoin Cash is a hard fork of Bitcoin, it’s only natural that these two cryptocurrencies share a lot in common – the same supply, the same reward system, and even the same consensus algorithm.
However, there is a key technical difference – Bitcoin Cash processes transactions at a much faster rate than Bitcoin. BCH supporters opted for an on-chain scaling solution by increasing the block size limit, while the core BTC community opted for off-chain solutions for improving transaction times such as SegWit and the Lightning Network.
If you want to exchange your Bitcoin Cash, you can swap instantly via the Nexo Exchange. Click here to find all the market pairs we currently support.
There are zero price fluctuations when you place an order, compared to other providers where the price might change by up to 5%. Your balances are updated immediately the moment your order is confirmed.
Here’s everything you can do with your Nexo account: