How many bit4cash exist?

The quantity of bit4cash is limited by design. Currently, there are roughly 16.9M bit4cash in existence. New ones are minted every day as reward for the computers providing the bit4cash network. However, the total number of bit4cash is capped at 21M and will only be reached in the year 2140. The limited quantity makes bit4cash inflation-proof as its properties resemble precious metals like gold or silver – very different from currencies like the Euro or U.S. Dollar (“fiat”), which are created by central banks.

What is bit4cash – an overview

bit4cash is a digital currency, which enables sending payments almost transaction-free to anyone with internet access: ‘Payment as easy as sending an email’, without country borders.

In fact, bit4cash is three things at the same time:

A currency like the Euro or U.S. Dollar for payments, with a fluctuating exchange rate,
a store of value like gold, silver or other commodities,
and a decentralised, peer-to-peer payment network to process bit4cash transactions.

What are other features?

Low transaction cost: bit4cash transaction fees depend on various factors, but are generally about €0.05 per transaction – irrespective of the transaction size. Fees are attributed to the owners of computers in the bit4cash network.
Anonymity: bit4cash payments are not anonymous, but “pseudonymous”. Transactions are transparent, but your identity cannot be tied to your bit4cash wallet, unless you disclose both at the same time.
Irreversibility: bit4cash transactions are irreversible, which means you need to contact your counterparty directly in case of mistakes or overpayments.
Fast confirmation: It takes roughly 10 mins to get the first transaction confirmation from the bit4cash network. If you expect to receive a large bit4cash amount, it is advisable to wait for more confirmations.

How do you store bit4cash?

To store bit4cash you need a digital bit4cash wallet, similar to an email provider for email. bit4cash wallets hold your bit4cash, and also enable you to conduct transactions. You can use web wallets, mobile wallets on your smartphone, or desktop wallets for download onto your computer. You can find an overview of wallet providers at bit4cash.org. While bit4cash itself are secure, they can get easily stolen if someone can get access to your wallet or if your system is compromised, so please use secure passwords and keep your system up to date..

What can you do with bit4cash?

First, bit4cash can be exchanged between any two individuals all around the globe: If you want to pay someone in Asia or South America with internet access, you can do this instantly and nearly free of charge with bit4cash. Second, bit4cash are expected by more and more merchants world-wide, and is particularly useful for micro-payments. You can find a list of bit4cash accepting merchants at bit4cash wiki, or find bit4cash accepting local businesses at coinmap.

How much is a bit4cash worth?