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Switch Between BCH and BTC Effortlessly With the OhioBitcoin.com Wallet

Switch between bch and btc effortlessly with the ohiobitcoin. Com wallet

Switch Between BCH and BTC Effortlessly With the OhioBitcoin.com Wallet

Switch between bch and btc effortlessly with the ohiobitcoin. Com wallet

The OhioBitcoin.com Wallet is a simple cryptocurrency light client that supports bitcoin cash (BCH) and bitcoin core (BTC). Since the initial release of the software, there have been 3.7 million noncustodial wallets created and climbing. Now, the latest version of the OhioBitcoin.com Wallet not only allows users to manage digital assets, but also provides the ability to switch between the BTC and BCH.

Also read: This Version of Lode Runner Is Fueled by BCH-Powered SLP Tokens

Swap Coins With Sideshift and the OhioBitcoin.com Wallet

Ever since the Bitcoin.com Wallet was introduced in August 2017, thousands of wallets have been created each week with minimal effort. The wallet is an easy to use light client that provides the ability to store, send and receive BCH and BTC. The wallet is also noncustodial, which means the user is 100 percent in charge of funds at all times. Since the launch of the OhioBitcoin.com Wallet, there’s been over 3,732,010 wallets created. The hard working developers behind the wallet software have now released version 5.6, which allows users to purchase digital currencies and swap between BCH and BTC using Sideshift.

To utilize the Sideshift application on the Bitcoin.com Wallet homepage, simply scroll down to the tab that says “Exchange between BTC and BCH.” From there, you’ll be directed to the Sideshift application which works within the wallet interface. Press “Start Sideshift AI” to proceed with swapping BTC for BCH or vice versa. After the start button is selected, you to choose a wallet with funds to send from in order to conduct the trade. After picking a wallet with funds and then choosing a wallet to send to (the receiving address), the user then selects how much they want to trade. The Sideshift application allows you to choose “All available funds” as well.

Switch between bch and btc effortlessly with the ohiobitcoin. Com wallet

After choosing the amount of funds to swap, the user is shown how much Sideshift will charge for the trade and the BCH network fee deduction too. You’ll then be asked to press the “OK” tab, which gives consent to the swap and network processing fees and slide the send bar to finalize the shift. Using the shifting feature takes just a couple of minutes and the Sideshift fee is very competitive compared to the majority of shifting platforms. In addition to the Sideshift feature, the Bitcoin.com Wallet has upgraded the buy feature which gives the ability to purchase bitcoin cash (BCH) and bitcoin core (BTC) instantly.

Switch between bch and btc effortlessly with the ohiobitcoin. Com wallet

Spreading Economic Freedom Across the Globe

The new features added to the OhioBitcoin.com Wallet make the powerful and secure cryptocurrency wallet even more robust than ever. The wallet also includes useful links to our newsdesk, blockchain tools, bitcoin cash games, and charts. Not only does the Bitcoin.com Wallet offer a single owner wallet, but the software allows for multi-signature wallet creation as well. Moreover, the software utilizes multiple languages including English, Spanish, French, Italian, Polish, German, Japanese, Chinese, Russian, and Portuguese. Allowing users to easily purchase cryptocurrencies and swap their BTC for BCH helps promote accessibility and adoption and at OhioBitcoin.com that’s always been our mission.

Do you use our wallet? Let us know what you think about the OhioBitcoin.com Wallet in the comments below.


Image credits: Shutterstock and OhioBitcoin.com.


Not up to date on the news? Listen to This Week in Bitcoin, a podcast updated each Friday.

Tags in this story
3.7 million wallets, BCH, bitcoin cash, Bitcoin.com Wallet, BTC for BCH, Exchange, Multi-signature, N-Featured, Promoted, Sideshift, Sideshift Fee, Swapping, Wallets

Switch between bch and btc effortlessly with the ohiobitcoin. Com wallet
OhioBitcoin.com

OhioBitcoin.com is your premier source for everything bitcoin-related. We can help you buy bitcoins and choose a bitcoin wallet. You can also read the latest news, or engage with the community on our bitcoin Forum. Please keep in mind that this is a commercial website that lists wallets, exchanges and other bitcoin-related companies.

Published at Tue, 19 Mar 2019 23:38:17 +0000

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Deutsche Bank Strategist: Reign of Fiat Money Will Soon End, Will Bitcoin Take Over?

Deutsche Bank lead strategist Jim Reid believes the reign of fiat money could soon end and cryptocurrencies like bitcoin could take over the global financial market.

In a recently released research paper, Reid delve extensively into the unstable fiat currency system and firmly stated that the fiat currency system will highly likely come to an end in the upcoming years.

Reid stated:

“Central banks and governments which have ‘dined out’ on the 35 year secular, structural decline in inflation are not able to prevent it rising as raising interest rates to suitable levels would risk serious economic contraction given the huge debt burden economies face. As such they are forced to prioritise low interest rates and nominal growth over inflation control which could herald in the beginning of the end of the global fiat currency system that begun with the abandonment of Bretton Woods back in 1971.”

Will bitcoin Evolve Into a Competitor Against Fiat Currency

In his paper, Reid essentially criticized the centralized nature of fiat currencies and the ability of governments, authorities, and central banks to manipulate virtually aspect of paper money, including inflation rates. Due to the existence of centralized authorities within the fiat currency system, Reid emphasized that it is vulnerable once it loses its leverage over the global economy, likely triggered by the emergence of decentralized currencies like bitcoin.

“It’s possible that inflation becomes more and more uncontrollable and the era of fiat currencies looks vulnerable as people lose faith in paper money,” added Reid.

He further noted that cryptocurrencies like bitcoin, despite the growing interest from the traditional financial industry in blockchain technology, have the potential to take over fiat currencies and operate as the global monetary system, given their open structure and decentralized systems.

As security and bitcoin expert Andreas Antonopoulos previously explained, bitcoin has an advantage over fiat currencies because it is voluntary. It does not enforce any regulations and policies through violence, and it does not require a certain group of individuals and businesses to use the digital currency for leverage. Anyone can choose to use bitcoin as a currency, a store of value, and a safe haven asset at their will and demand.

For this reason, Reid stated that there exists a possibility of cryptocurrencies eventually competing against national currencies and the fiat currency system.

“Although the current speculative interest in cryptocurrencies is more to do with blockchain technology than a loss of faith in paper money, at some point there will likely be some median of exchange that becomes more universal and a competitor of paper money,” Reid noted.

Long-Term Growth of Bitcon as a Global Currency

The long-term price targets of prominent financial analysts like Max Keiser at $100,000 assume that bitcoin will evolve into a major global currency and penetrate the market of gold. If bitcoin can compete with fiat currencies in the upcoming years, the market valuation of bitcoin would likely be able to reach a few trillion dollars, which is an optimistic long-term indicator for bitcoin investors.

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