My experiences with Bitcoin Cash

I’m getting into trading crypto, and it’s been pretty good so far. I’ve created binance and coinbase accounts. However I noticed something when buying, trading and converting. When I buy or trade certain cryptos, especially on coinbase there is a fee. I’m in the U.S. so if I want to use binance.com (not binance.us) I can’t buy cryptos directly from binance because they don’t serve America, and Binance.us doesn’t serve new york anyway. (I use a vpn)

Anyways, I basically have to buy crypto on coinbase and then send it to binance, which is fine, very easy and fast. And unlike banks it doesn’t take 5 days for the transfer to verify and complete. However certain coins have fees and since I’m only practicing trading right now with small amounts the fees are relatively big.

When making transactions on coinbase I use bitcoin cash as my go to coin because I can’t be bothered having to pay all the fees which add up overtime. If I sell, for example Ethereum, I can’t be bothered, I rather convert it to BCH, and then sell it, to avoid the fees. This is just an example coinbase doesn’t always charges fees for Ethereum transactions, although sometimes they do.

Long story short, Bitcoin cash is really good because the network fees are low. Quite frankly, the only reason I am able to trade cryptos efficiently is because of BCH. I should also mention, BCH transfers to my binance wallet very fast. Being able to transfer funds at the drop of a hat is so important because even a few minutes in trading can cost you $$$