The BCH/USDT trading pair has been surprisingly bullish over the past year, even as the majority of other leading altcoins have crashed. Bitcoin Cash is a major fork of Bitcoin, meaning it shares several technical features with Bitcoin while introducing key differences that arguably make it more useful for payments.
BCH has delivered returns of over 30% in the past year, while Bitcoin has fallen roughly 22% during the same period. As Bitcoin Cash continues to outperform the original Bitcoin, it is a good time to examine both its fundamentals and how to trade it against USDT.
This guide breaks down the core fundamentals behind Bitcoin Cash, including its origin, technical structure, and role in the payments market. It also explains why BCH remains a relevant trading asset despite wider market volatility. Finally, it provides a clear step-by-step explanation of how to trade the BCH/USDT pair on Bitunix, covering order types and execution strategies.
What Is Bitcoin Cash?
Bitcoin Cash went live in 2017 as a fork of the Bitcoin network. A fork occurs when part of a blockchain community disagrees on technical direction and creates a new version of the protocol with modified rules. In the case of Bitcoin Cash, the split centered around block size limits and how Bitcoin should scale to handle higher transaction volumes.
Bitcoin Cash was created to increase block sizes significantly, allowing more transactions per block and reducing congestion. The objective was to position BCH as a fast, low-fee peer-to-peer payment system suitable for everyday transactions. Larger blocks, lower fees, and quicker confirmations remain its core technical features.
Although BCH never managed to pose a real threat to Bitcoin in terms of adoption or capitalization, it has performed well. It continues to be actively traded against USDT and maintains a market capitalization just under $9 billion, keeping it among the leading cryptocurrencies by market value.
In the past year, it has returned over 30%, leaving it trading just above $440. However, it is worth noting that BCH has never gotten anywhere near its all-time high of $3,200, which it hit shortly after the fork went live back in 2017.
How To Use Bitunix To Trade BCH and USDT
Bitunix provides a secure platform for buying BCH using USDT, which is one of the most liquid and reliable markets for BCH traders. The most typical way to trade BCH against USDT is through spot trading using a market order, which executes instantly at the best available price. Below is the process for executing a BCH/USDT spot trade on Bitunix:
- Create and log in to a Bitunix account
Complete registration, then access the platform via desktop or the Bitunix app. - Deposit USDT or fiat into your wallet
Go to Wallet, select Deposit, then deposit USDT or use a fiat option such as EUR SEPA, which is fee-free for deposits. - Open Spot trading and select BCH/USDT
Navigate to the Spot section, use the search bar, and open the BCH/USDT trading page. - Select Buy and choose Market
In the order panel, switch to Buy, then select Market for instant execution. - Enter the amount and confirm the trade
Input the USDT amount to spend or select a percentage, confirm the order, then check your Wallet to verify your BCH balance.
BCH transactions are usually settled within seconds, and the BCH will be available in the Bitunix wallet.
Timing The Market With a BCH Limit Order
Another way to buy BCH is to use a limit order instead of a market order. This allows a trader to set specific conditions for when a trade should execute. For example, if technical analysis suggests BCH could pull back from $440 to $435, a limit order can be placed to buy only if the price reaches that target. To place a limit order, follow these steps:
- Create and log in to a Bitunix account
- Deposit USDT or fiat into the Wallet using Deposit
- Go to Spot trading and open the BCH/USDT pair
- Select Buy in the order panel
- Switch the order type from Market to Limit using the order selector
- Enter the target price and the amount to buy, then submit the order
- The order will fill when the price target is reached.
Final Thoughts
Bitcoin Cash has outperformed the broader altcoin market over the past year. The Bitcoin fork has remained in demand among traders looking to hedge their exposure with a token that operates on a tried-and-tested consensus mechanism and maintains a limited supply. BCH continues to attract liquidity against USDT, making it accessible for both short-term traders and longer-term holders. Anyone can add BCH to a portfolio using Bitunix by following the steps outlined in this article for both market and limit order trades.
