Bitcoin Diamond (BCD) is a Bitcoin hard fork focused on increasing transaction capacity. Since the launch of the leading cryptocurrency Bitcoin, there have been numerous hard forks based on its network, and Bitcoin Diamond is one of them. The hard fork, executed at block 495,866, led to the creation of Bitcoin Diamond Coin.
The aim of the team behind Bitcoin Diamond is known to be overcoming the transaction per second limitation of the Bitcoin network.
What is Bitcoin Diamond (BCD)?
The Bitcoin Diamond team emphasizes that the main shortcomings of the leading cryptocurrency are its low transaction speed and capacity. This fork, carried out by Team EYEY and Team 007, initially garnered significant interest but, as expected, remained behind BTC. The supply of Bitcoin Diamond Coin is known to be 189,492,898 million, distinguishing it from Bitcoin.
As of the writing of this article, BCD ranks as the 100th largest cryptocurrency. It has a total market value of 98 million dollars, and at the time of its initial fork, it reached a unit price of 100 dollars. Currently, its value is around 0.53 dollars, experiencing a loss of more than 99%.
BCD Coin can be purchased on Binance against BTC parity.
Where to Buy Bitcoin Diamond?
How exactly can one acquire BCD Coin? Binance emerges as the most popular platform in this regard, offering liquidity and security that influence investors’ decisions.
- To buy BCD Coin, first, you need to deposit USD balance into the exchange or buy a cryptocurrency that can be used instead. For this, go to the Binance homepage, click on the “Buy Crypto” option at the top left, and then select the “Credit/Bank Card” tab.
- In the opened tab, choose how much USD you want to transact with, and in the Coin section, select Bitcoin, i.e., BTC.
- After purchasing BTC, preview the “Buy-Sell” option at the top left again and click on the “Classic” tab.
- In the section that opens, select the BTC tab from the top right, type BCD in the search button, and select the BCD/BTC pair that appears below.
- Then go to the middle “BUY BCD” tab, enter the amount you want to buy.
- Enter the amount you want and complete the BCD Coin purchase process by confirming the transaction.
