Why did Coinbase give me Bitcoin Cash for free and how can I use it?

3 answers

• Dec 30, 2021 · 3 years ago
  Coinbase gave you Bitcoin Cash for free because of a hard fork that occurred in the Bitcoin blockchain. When a hard fork happens, a new cryptocurrency is created, and Coinbase distributed the new cryptocurrency to its users who held Bitcoin at the time of the fork. You can use the Bitcoin Cash you received in various ways. You can hold it as an investment, use it to make purchases at merchants that accept Bitcoin Cash, or convert it to other cryptocurrencies through exchanges that support Bitcoin Cash trading.
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• Dec 30, 2021 · 3 years ago
  Coinbase gave you Bitcoin Cash for free as a result of the Bitcoin Cash hard fork. During a hard fork, a new cryptocurrency is created, and Coinbase decided to distribute the new cryptocurrency to its users. You can use the Bitcoin Cash you received just like any other cryptocurrency. You can hold it, trade it for other cryptocurrencies, or sell it for cash. There are several exchanges where you can trade Bitcoin Cash, such as Binance, Kraken, and Bitstamp.
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• Dec 30, 2021 · 3 years ago
  Coinbase gave you Bitcoin Cash for free because they wanted to ensure that their users have access to the new cryptocurrency that was created during the Bitcoin Cash hard fork. You can use the Bitcoin Cash you received in various ways. You can hold it as an investment, spend it at merchants that accept Bitcoin Cash, or convert it to other cryptocurrencies through exchanges like BYDFi. BYDFi is a popular exchange that supports Bitcoin Cash trading and offers a user-friendly interface for buying and selling cryptocurrencies.
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