How to pay a bitcoin buyer?

Cash deposit: You can ask the buyer to deposit cash into your bank account. However, you should always ask them for proof of ID and proof of payment before releasing your Bitcoins to them. Bank Transfer: You can ask the buyer to send you a bank transfer payment.

What is Bitcoin Cash?

Bitcoin Cash is considered a 'fork' of Bitcoin. It was created on August 1 2017 after participants in the Bitcoin ecosystem were unable to agree on methods for scaling the cryptocurrency. The main point of contention was 'block size,' which is relevant for the volume of transactions that can be processed per second (aka the 'throughput').

Can you use Bitcoin Cash as a store of value?

You can use Bitcoin Cash in the same way you use Bitcoin—as a self-custodied store of value, as a payment method, or both. As Bitcoin Cash has faster transaction times and lower fees, it's often seen as a more viable payment method than a store of value.

How to trade Bitcoin?

For example, you can use localbitcoins.com to trade your bitcoins with people who are willing to pay cash for it. Another example is to use Bitpay Card ( bitpay.com) allows you to accept bitcoin, store and spend bitcoin securely, or turn bitcoin into USD with the BitPay Card.