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Exchange Binance Coin to Bitcoin Cash
What do you need to know?
- The average time to exchange BNB for BCH is from 1 to 2 minutes
- You need 1 confirmation of the BNB blockchain for the exchange
- No need to enter Memo when sending BNB
Binance Coin (BNB) — Binance Exchange Token
What do you need to know?
- The average time to exchange BNB for BCH is from 1 to 2 minutes
- You need 1 confirmation of the BNB blockchain for the exchange
- No need to enter Memo when sending BNB
The BNB Coin cryptocurrency was released through an ICO that took place in July 2017. As a result, they raised $15 million. Binance Coin was created as an ERC20 token and originally worked on the Ethereum blockchain. But in 2019, the coin "moved" to its own blockchain. The ERC-20 standard is still adopted by the Binance exchange.
What is a Memo and do I need to specify it?
There is an additional Memo field when submitting Binance Coin. Memo is the ID of the payment. It is unique, and with its help the service identifies the sender and recipient.
In our exchanger, when sending BNB you do not need to specify Memo.
Binance Coin Blockchain Speed
An exchange requires 1 confirmation. This operation takes place in a few seconds.
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.