Accept Bitcoin Cash Payments
Let your customers pay with BCH. Get Euro payouts or convert to Bitcoin.
Bitcoin Cash (BCH), was created on the 1st of August, as a result of a Bitcoin network split, otherwise known as a "hard fork." The reason for this fork was the fact that one of the mining pools, "ViaBTC," effectively ignored the original consensus rule that limited the size of blocks to 1MB, and mined a 1.9MB block. This block did not fit in standard Bitcoin rules, so it automatically produced a hard fork, that split the Bitcoin blockchain and causing an entirely new cryptocurrency to appear.
All wallets containing any amount of Bitcoin during the network split automatically received the same number of BCH that they held in BTC. This new cryptocurrency introduced some changes to the network protocol, in opposition to how Bitcoin functions. The changes reflected the fundamental difference in viewpoints of how the Bitcoin scalability issue should be resolved. For example, Bitcoin Cash makes it possible to mine blocks of up to 8MB that fit significantly more transactions in comparison to the 1MB limited blocks of Bitcoin.
Because this hard fork was planned, the team at BCH had enough time to implement other security features which minimized the loss of value and enabled both cryptocurrencies to co-exist.
Official Website: https://www.bitcoincash.org
How to accept BitcoinCash payments on your website?
CoinGate makes it easy to receive customer payments in most popular cryptocurrencies, including BitcoinCash. To make it simple for merchants, all received payments are automatically settled to EUR/USD or to BTC, depending on your preference.
To integrate our payment gateway on your website, choose either:
- One of CoinGate ready-made integrations for e-commerce content management systems or web billing platforms (like WooCommerce, Magento, PrestaShop, OpenCart, WHMCS and similar)
- Developer API that can be configured for any website and different codebases (e.g. Ruby, PHP, Omnipay, Python, NodeJS...)
- Payment buttons for accepting donations or simple payments (for example, if you only sell one or several products)
To get started with accepting BitcoinCash as well as Bitcoin, Litecoin and other coins, first, sign up with CoinGate. Then, create API credentials if you are planning to use our e-commerce plugins or the API; if not, go ahead and create your first payment button.
If you wish to keep all your received payments in cryptocurrency (i.e. to receive payouts in Bitcoin), then no verification is usually needed to use CoinGate. For Euro or U.S. Dollar settlements, you will have to pass our simple merchant verification procedure by uploading your business documents and director's ID.
How it Works - Accept BitcoinCash Payments on Any Store
Payouts in Euros, U.S. Dollars or Bitcoin
You are selling a product or service in your store and set the price in a currency of your choice (for example 10€).
We calculate how much bitcoins it is worth, in real-time, by selecting the best price from several Bitcoin exchanges.
Your Customer pays with bitcoins and Altcoins.
You receive 9.90€ (10€ - 1% processing fee).