PayPal’s Venmo Now Let’s You Buy, Sell, and Hold Crypto
PayPal’s Venmo is the latest platform to allow you to buy, sell, and hold crypto. Like with PayPal, you can choose between Bitcoin, Ethererum, Litecoin, and Bitcoin Cash.
Bitcoin Cash (BCH) is a cryptocurrency created from a hard fork of Bitcoin. The fork occurred at block 478,559.
Bitcoin Cash split into two versions in November of 2018. Those versions are currently called Bitcoin Cash ABC and Bitcoin Cash SV.
For now, until the future of both coins becomes clear over time, all things SV and BCH are going to be in this section.
PayPal’s Venmo is the latest platform to allow you to buy, sell, and hold crypto. Like with PayPal, you can choose between Bitcoin, Ethererum, Litecoin, and Bitcoin Cash.
Just quickly want to point out that GBTC, ETHE, ETCG, and GDLC are now all reasonable trades while LTCN and BCHG have face-melting premiums.
You can buy, sell and hold cryptocurrency on PayPal. Currently, PayPal supports Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.
All users in the US can now use PayPal to buy, hold, and sell Bitcoin, Litecoin, Bitcoin Cash, and Ethereum on PayPal.
The Grayscale Digital Large Cap Fund (GDLCF) is a trust you can buy shares of that contains BTC, ETH, XRP, BCH, and LTC. Watch out for premiums though!
Binance will delist Bitcoin Satoshi’s Vision (BSV). BSV is a fork of Bitcoin Cash (BCH) that came about due to an argument between Bitcoin Cash (BCH) camps.
Coinbase released BSV users got from the BCH fork. Anyone who wants to sell it or buy more should use another exchange like Bittrex or Binance.
When a coin does a hard fork, two identical blockchains exist until changes to one of the chains is made. To avoid transaction replays (transactions made on one chain being broadcast on the other), at least one chain must implement replay protection (developers of one chain must change the format of transactions to make them unique).
TRX, ADA, BCH, XRP, and LTC have all had impressive runs recently, as did ETH in its own right. Meanwhile BTC is holding its ground.
Bitcoin SV (a Bitcoin Cash fork) is regaining ground against Bitcoin Cash. This is a set up for a great outcome where SV shows strength, but not at the expense of Bitcoin Cash.
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