EXCHANGE MONERO TO BITCOIN CASH
What do you need to know?
- The average time for the exchange of XMR to BCH is from 6 to 10 minutes.
- You need 2 confirmations of the Monero blockchain for the exchange.
- You do not need to enter a Payment ID, we use integrated wallets.
Monero is the most anonymous cryptocurrency
Monero works on the CryptoNote algorithm, unlike public blockchains (for example Bitcoin, Ethereum), when it is sent, neither the sender, nor the recipient, nor even the amount that was sent can be seen, thanks to Ring Signatures and invisible addresses (Stealth Addresses).
How to confirm the fact of sending funds in Monero blockchain?
Monero uses 2 types of “special” private keys: a private send key (used to send funds from your wallet) and a private viewing key that allows you to decrypt transaction and see the amount of funds sent.
Using this private viewing key, sender address, and Monero software, you can decrypt the transaction and confirm the sending.
You can read more about this in our article — How to prove Monero transaction?
Transaction processing speed
The average block release time is about two minutes. But sometimes delays do occur, and the block exit time can take 10-20 minutes.
Monero network fee
Transactions on the Monero network are very cheap, even at peak network times they are only a few cents.
On August 1, 2017, the digital market saw a new cryptocurrency based on the BTC blockchain, which was named Bitcoin Cash. The split occurred on the block 478558 Bitcoin. It had a common part of the blockchain until the hard fork, and all subsequent blocks were already formed into a new chain. Bitcoin Cash is called the most successful fork of bitcoin.
When will Bitcoin Cash arrive in my wallet?
We send Bitcoin Cash immediately after the completion of the exchange, but the time until the first confirmation depends on the output of the blocks. Bitcoin Cash blocks, like Bitcoin, can go from 1 to 75 minutes. The average time a Bitcoin Cash block appears is 10 minutes. Therefore, Bitcoin Cash does not apply to fast currencies.