I have been asked this question numerous times today and I'm here to make a quick post about it.
Right now, your best bet to quickly sell/dump your Bitcoin Cash is via HitBTC, as they are one of the few exchanges which provide deposits and withdrawals of BCC(BCH).
A couple of things to note:
- Deposits take a long time to complete. (For me, it took 2~3 hours)
- HitBTC's BCC/BTC rate is considerably low. (Approx. 0.13 BTC per BCC)
- On Bittrex and other major exchanges', Bitcoin Cash is overvalued due to their restriction of the supply into the market.
Why you should sell now:
- Not many people know how to sell their Bitcoin Cash right now.
- FOMO has already kicked in Bitcoin Cash and the price is holding relatively high at 0.17.
- Huge supply of Bitcoin Cash are locked up in people's wallet.
- Kraken has been offline for a good while. The amount of Bitcoin Cash supply in Kraken is enormous because they were one of the few exchanges that supported and credited Bitcoin Cash. Imagine what would happen when these coins are released.
Why you should not sell now
- There is a chance that the market may FOMO again.
