BCH is safe

Bitcoin Cash is one of the larger Proof-of-Work cryptocurrencies, and is backed by a relatively strong mining ecosystem. This means that a lot of resources are required to attack the Bitcoin Cash network. In order to manipulate the network, a malicious actor would need to control at least 51% of the total hash rate, which would be difficult (and expensive) to pull off.

However, the Bitcoin Cash mining ecosystem is still substantially smaller than Bitcoin’s, so if security is your absolute number one priority, you could consider using Bitcoin instead.

Many countries have adopted cryptocurrency into their legal systems, considering these assets as property. Depending on the country, cryptocurrency use can range from severely limited to completely open.

If you have decided to invest in BCH, you should carefully consider your financial situation. Starting with smaller investments is highly suggested for new traders, as it can take some time to get used to trading on the cryptocurrency market, which can result in some losses at the start. Increasing stakes is always possible later on, but you should never invest more than you are willing to lose.

Some exchanges offer a direct BCH pair against currencies like the US dollar and the euro. If that’s not an option for you, you can consider exchanging BCH to BTC and then cashing out your BTC to USD, EUR or any local currency.

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