With a BitPay Mastercard, customers can instantly convert cryptocurrency into fiat currency, which can then be loaded onto the card and spent anywhere Mastercard debit is accepted. BitPay, which calls itself the world's largest provider of Bitcoin and cryptocurrency payment services, today announced that its BitPay Prepaid Mastercard is now compatible with Apple Pay for. (Feb 10, 2021) Support for the new Bitcoin Cash address format which improves upon BIP 173, as well as the Bitpay and Legacy formats. Test out a demo npm bchaddrjs 2020 Cash Address Converter Bitcoin.com; Bitcoincash.org Home 2020. You can convert legacy address.
Bitcoin Cash (BCH) Wallet
Use BitPay-style addresses for Bitcoin Cash (ie starting with 'C' instead of '1') Use legacy addresses for Bitcoin Cash (ie starting with '1') Encrypt private keys using BIP38 and this password: Enabling BIP38 means each key will take several minutes to generate. 7/10 (5 votes) - Download BitPay Free. BitPay is an application for the management of a crypto-currency portfolio. Flashydisplay recent purchases on your site. With it you can carry out transactions and even convert it into physical money. If you keep a small fortune in crypto-currencies (or a miserable amount, it doesn't matter), BitPay is.
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Introduction to BCH
BCH (Bitcoin Cash) is a fork of Bitcoin (BTC). The total amount of supply, algorithm, block generation time, and difficulty adjustment mechanism are basically the same as Bitcoin. The main difference is the 'block capacity'. The current block capacity of BCH is 32 MB, while BTC is 4 MB (using SegWit). Learn more
BCH Vision
As a peer-to-peer electronic cash, BCH aims to enable new economies with low fee micro-transactions, large business transactions, and permissionless spending.
BCH Wallet
BCH wallet can help manage your BCH assets, including balance inquiry, transfer, etc.. The most important component for a wallet is the private key. Once you control the private key, you can control the assets at the corresponding BCH wallet address.
🔸Wallet
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- imKey Hardware Wallet - Safe and easy to use, protect your digital asset and say no to token theft from now on!
🔸Before creating a wallet, please learn how to backup your wallet
BCH Trading
You can get BCH in various ways. The easiest way is to buy. There are many cryptocurrency exchanges on the market that allow you to buy BCH, but users need to choose the preferred exchange according to location and payment method.
Before buying BCH, try to understand the purchase methods & risks here, so that you can complete the purchase process in a safer and quicker way.
🔸Exchanges that support the purchase of BCH
- Coinbase
- Binance
- Huobi
- ..
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BCH Address Format
BCH has three address formats: Cash Address, Legacy Address and BitPay Address. ImToken currently supports Cash Address and Legacy Address.
🔸Cash Address (Recommended)
BCH developers launched Cash Address and promoted it in the community. Cash Address address format:
bitcoincash:qqeht8vnwag20yv8dvtcrd4ujx09fwxwsqqqw93w88.
The prefix bitcoincash indicates the network type, which can be added or not added, and does not affect the transfer.
🔸Legacy Address
BCH is derived from the hard fork of BTC. Usb portable diskette driver for mac. It inherits the address format of BTC. This type of address is called a Legacy address. It starts with 1/3 and is case sensitive. Many exchanges use addresses beginning with 1.
BitPay Address
BitPay address is an address format developed by BitPay, which has not been widely accepted and has been abandoned.
The addresses in these three formats correspond to the same public key, but the encoding methods are different from each other and can be converted to each other.
You can use https://bch.btc.com/tools/address-converter to convert the three formats.
BCH Transaction
Please make sure that your BCH wallet has sufficient assets and the balance is enough to cover the miner fees required for the transfer.
🔸BCH transactions tutorial:
🔸You may encounter the following conditions:
BCH Mining
Anyone can participate in BCH mining. The essence of mining is to process transactions by calculating hashes, to ensure the security of the BCH main network and to keep the account information of the entire network consistent.
Study
The Birth of BCH
Bitcoin can only process about 7 transactions per second due to the limitation of transaction frequency and block size.
Around 2017, as the market value of digital assets continued to increase, BTC transaction fees also became higher and higher. Some developers in the BTC community, including Roger Ver and Jihan Wu, believe that if the block is not expanded, BTC will become a digital investment rather than as a transactional currency available to everyone.
In order to solve the problem of high transaction fees, two camps appeared at that time: the Bitcoin Core team chose the 'SegWit“ + 'Lightning Network' scheme; while the camp represented by Roger Ver and Jihan Wu insisted that increasing the block size limit is the only feasible solution.
So BCH forked at block 478558, August 2017, when the block size was 8M (32M today).
BCH Basic Information
Release time: 2017.07.24
Consensus mechanism: PoW
Total amount issued: 21,000,000
Total circulation: 18,292,700
Block size: 32 M
Block speed: about 10 minutes / block
OP_RETRUN: 220 bytes
White paper: https://www.bitcoincash.org/bitcoin.pdf
BCH Price
BCH Block Explorer
BCH Block Explorer is a web tool that provides detailed information about BCH blocks, addresses, and transactions.
- Blockchain.com | The most commonly used BCH block explorer
- Bitcoin Cash | BCH block explorer
BCH News
It looks like you already have Ethereum cryptocurrency and want to change some of it to Bitcoin or might be all of it.
Whatever may be the reason you should always do cryptocurrency exchanges safely and securely because cryptocurrency transactions are irreversible.
Furthermore, I am assuming that you haven’t done such swaps of one currency to another that’s why in this step by step tutorial, I will tell you how you can accurately exchange ETH to BTC.
But before, I want to share that some people consider swapping ETH to BTC as buying Bitcoin with Ethereum, which is of course not a wrong way of looking at it. Student blog.
So without further add-on let’s jump directly to the step by step process, and I feel ChangeHero is the right service for you to do this because it is barter like service where you give one currency and get another in return.
How & Where To Exchange Ethereum (ETH) To Bitcoin (BTC)?
Step #1. Go to ChangeHero.com ID. Don’t worry, no KYC or ID document submission is required.
You will see this screen. Select ETH & BTC pairs, as shown in the below image. Don’t forget to mention the exact amount of ETH you want to exchange. Selecting this will automatically show you the amount of BTC you will be getting.
Note: In this example, I am exchanging 1 ETH for BTC
Bitpay Address Converter Calculator
Step #2. Now click on the ‘Exchange’ option to see this screen. You can even change the amount of ETH you wish to exchange here too. You can also see the exchange fee, the network fee, and the estimated time of exchange on the right side.
It will ask you to ‘Enter your BTC wallet address.’ Enter your BTC address, as shown below.
Note: If you don’t have a BTC wallet address, choose a wallet from here, and you will get your address. Also, this is the BTC address on which you will get your bitcoins in exchange for Ethereum.
Step #3. Now click on ‘Next’ as shown in the above image, and you will see this screen. This screen where you will be shown the details of your conversion that you can check before proceeding for the actual exchange.
Step #4. Once you have checked all the details, click on ‘Confirm‘. After which you will be shown this screen asking you to first send the ‘ETH’ on the below-shown ETH address or QR code. Note: You have 36 hours to send funds otherwise the transaction will be canceled automatically, but I suggest you send it ASAP before the exchange rate of ETH/BTC pair changes.
Step #5. As soon as you send ETH to this address, you will see this screen ‘Processing transaction.’ It shows that your ETH is being deposited and we are waiting for the blockchain to confirm. Usually, it takes 10-15 confirmations for depositing Ethereum.
The swapping process itself happens almost instantaneously but the rest of the time is taken by the network. Typically, the swap comprises of these three stages:
- Getting confirmation
- Exchanging ETH to BTC
- Sending Bitcoin to your wallet
Step #6. Wait for some time, and as the transaction is completed, all the details will be viewed in the window like the one below, and you would have received your bitcoins in your BTC wallet. You can also audit your transaction on the blockchain.
Congratulations, Tada….!!! You have done it
Bitpay Address Converter Online
Conclusion: Buy Bitcoin With Ethereum
So this is how you convert Ethereum to Bitcoin or buy Bitcoin with Ethereum using ChangeHero. The vice versa, i.e. converting Bitcoin to Ethereum, happens the same way.
Additionally, ChangeHero is one of the renowned cryptocurrency swapping services operating in this space since 2015, and I have been using it since 2017. The company is transparent, and I met its founder once in 2018.
Bitpay Address Converter Tool
Though this example was about converting ETH to BTC using ChangeHero you can convert many other ChangeHero supported coins in a similar fashion.
Lastly, most people who ask ‘can I exchange bitcoin for ethereum on coinbase & Binance?‘ and the answer is resounding Yes (!) but the process is more tedious and time-consuming.
But if you still want to know about how to exchange BTC for ETH or ETH to BTC on Coinbase or Binance than let us know in the comments below and we will do the needful !!
Bitpay Address Converter
And don’t forget to follow us on Twitter @themoneymonger for much such article’s updates