Bitcoin Cash (BCH) remains one of the most widely recognized cryptocurrencies following its emergence as a hard fork of the original Bitcoin blockchain. Designed to enhance scalability and transaction speed, BCH has carved out a unique space in the digital currency landscape. If you're wondering how much 1 Bitcoin Cash is worth in Chinese Yuan (RMB) today, this guide provides up-to-date insights, historical context, key differences from Bitcoin, and where to trade BCH securely.
What Is Bitcoin Cash (BCH)?
Bitcoin Cash (BCH) is a peer-to-peer cryptocurrency that originated from a hard fork of the Bitcoin blockchain on August 1, 2017. A hard fork occurs when a blockchain splits due to fundamental disagreements among developers, miners, and users—typically over protocol upgrades.
The primary motivation behind the creation of Bitcoin Cash was to increase block size from Bitcoin’s 1MB to 8MB, allowing more transactions per block. This change aimed to address long-standing concerns about Bitcoin’s slow transaction speeds and high fees during peak usage.
In November 2018, BCH underwent another hard fork, splitting into two competing chains: Bitcoin SV (Satoshi’s Vision) and Bitcoin ABC. The latter retained the BCH ticker due to stronger support from miners and node operators.
👉 Discover how Bitcoin Cash continues to evolve in the fast-moving crypto market.
Bitcoin Cash vs. Bitcoin: Key Differences
While both Bitcoin (BTC) and Bitcoin Cash share the same origin, several critical distinctions set them apart:
| Feature | Bitcoin (BTC) | Bitcoin Cash (BCH) |
|---|---|---|
| Block Size | 1MB | Up to 32MB (originally 8MB) |
| Transaction Speed | Slower during congestion | Faster due to larger blocks |
| Transaction Fees | Higher during peak times | Generally lower |
| Primary Use Case | Value storage ("digital gold") | Peer-to-peer electronic cash |
| Scalability Approach | Relies on Layer-2 solutions like Lightning Network | On-chain scaling via larger blocks |
Bitcoin Cash proponents argue that increasing block size maintains the original vision of decentralized, low-cost digital cash, enabling everyday use for payments. In contrast, Bitcoin has increasingly become a store of value, with scalability handled off-chain.
When Did Bitcoin Cash Last Halve?
Like Bitcoin, Bitcoin Cash follows a fixed issuance schedule with periodic halving events that reduce miner rewards by 50%. The most recent halving occurred on April 8, 2020, when block rewards dropped from 12.5 BCH to 6.25 BCH per block.
These halvings occur approximately every four years (or every 210,000 blocks), helping control inflation and maintain long-term value accrual. The next expected halving is projected for 2024, which could influence price dynamics as supply pressure decreases.
Where Can You Buy Bitcoin Cash?
Several reputable cryptocurrency exchanges support BCH trading pairs with RMB (CNY) or USDT. While many platforms exist globally, here are some of the most trusted options:
1. OKX Exchange
One of the world’s leading digital asset platforms, OKX offers high liquidity for BCH trading. Known for its advanced contract offerings and user-friendly interface, OKX supports spot, futures, and margin trading with competitive fees and robust security measures.
2. Huobi (Now HTX)
A veteran exchange founded in 2013, Huobi has long been popular among retail investors in Asia. It provides deep order books for BCH/CNY and BCH/USDT pairs and emphasizes ease of use for beginners.
3. Gate.io
Originally launched as BitSquare, Gate.io is a Hong Kong-based exchange offering C2C RMB deposits and a wide range of trading tools, including lending, staking, and up to 100x leverage contracts.
4. Coinbase
As one of the most regulated exchanges in the U.S., Coinbase offers a secure environment for buying BCH with fiat currencies. Though it doesn’t directly support RMB trading, users can access it via international bank transfers or stablecoins.
5. Binance
Among the largest global exchanges by volume, Binance lists BCH against multiple pairs, including USDT and BUSD. It also offers earning opportunities through staking and savings products.
👉 Start trading Bitcoin Cash on a secure, high-liquidity platform today.
Why Did the Bitcoin Cash Fork Happen?
The split wasn't merely technical—it reflected deeper philosophical divides within the crypto community.
In 2017, a proposal called SegWit2x sought to implement Segregated Witness (SegWit) and later increase block size to 2MB. However, a faction led by figures like Roger Ver opposed it, arguing that:
- It would make the network more centralized.
- It lacked a clear implementation roadmap.
- It deviated from Satoshi Nakamoto’s original vision of peer-to-peer electronic cash.
Mining giant Bitmain supported the fork as a “backup plan” if consensus couldn’t be reached. Ultimately, the failure to agree led to the August 2017 split—and the birth of Bitcoin Cash.
Current Price of Bitcoin Cash in RMB
As of early 2025, 1 Bitcoin Cash (BCH) trades around 3,500 to 4,200 Chinese Yuan (RMB), depending on market conditions and exchange rates. Prices may vary slightly across platforms due to liquidity differences and regional demand.
To get real-time pricing:
- Check live charts on major exchanges like OKX or Huobi.
- Use crypto tracking sites like CoinGecko or CoinMarketCap.
- Monitor trading volume and order book depth for accurate valuation.
Prices are influenced by macroeconomic factors, regulatory news, adoption trends, and broader market sentiment in the crypto space.
Frequently Asked Questions (FAQs)
Q: Is Bitcoin Cash the same as Bitcoin?
No. While both share a common origin, Bitcoin Cash has larger blocks and lower fees, making it more suitable for daily transactions. Bitcoin focuses more on being a decentralized store of value.
Q: Can I use RMB to buy Bitcoin Cash directly?
Yes—on exchanges like Huobi and Gate.io that offer C2C RMB deposit options. You can link your bank account or use third-party payment methods to purchase BCH directly with RMB.
Q: Is Bitcoin Cash a good investment?
It depends on your goals. BCH offers faster transactions and lower fees than BTC but has less market dominance. Some see it as undervalued; others believe its utility is limited compared to newer smart contract platforms.
Q: How do I store Bitcoin Cash safely?
Use hardware wallets like Ledger or Trezor for maximum security. Software wallets like Electron Cash are also specifically designed for BCH storage.
Q: Does Bitcoin Cash support smart contracts?
Not natively like Ethereum, but recent upgrades have introduced limited smart contract functionality through protocols like CashScript.
Q: What affects the price of BCH in RMB?
Key factors include Chinese regulatory policies, global crypto trends, USD/CNY exchange rates, trading volume on local exchanges, and macroeconomic indicators.
Final Thoughts
Bitcoin Cash continues to play a vital role in the evolution of blockchain technology—offering a scalable alternative to traditional Bitcoin with faster confirmations and cheaper fees. Whether you're interested in using it as digital cash or investing for potential growth, understanding its history, technical foundation, and market position is essential.
With strong community support and ongoing development efforts, BCH remains relevant in an increasingly competitive cryptocurrency ecosystem.
👉 Learn how to securely buy and manage Bitcoin Cash with real-time tools and insights.