Our step-by-step guide on how to buy Bitcoin Cash (BCH)
Bitcoin Cash (BCH) is a decentralized cryptocurrency launched in 2017 as a result of a Bitcoin hard fork. Its aim is to provide faster and cheaper transactions compared to Bitcoin while adhering to the principles of the Satoshi Whitepaper. With no central authority, anyone can use Bitcoin Cash without permission, and transactions are pseudonymous and transparent, recorded on a global public ledger. Moreover, it enables reliable, fast, and affordable transactions of any value, regardless of location. Join the growing community and learn how to buy Bitcoin Cash today and experience the benefits of this innovative cryptocurrency
How to buy Bitcoin Cash in six easy steps?
There are different ways to buy Bitcoin Cash (BCH), but one of the easiest and most common methods is through a digital asset exchange, like Coinbase, Binance, or Kraken. Here we have a brief on how to buy Bitcoin Cash on Coinbase as it provides a very user-friendly platform to traders with a minimal trading fee:
Step 1 – Create a Coinbase account
Step 2 – Add a payment method
Step 3 – Start a Trade
Step 4 – Select Bitcoin Cash from the list of assets
Step 5 – Enter the amount you want to buy
Step 6 – Finalize your purchase of Bitcoin Cash
Step 1 - Create a Coinbase account
The first step to buying Bitcoin Cash is to sign up for a Coinbase account. You can do this by going to the Coinbase website or downloading the Coinbase app. Once you’re on the site or app, click on the “Sign Up” button and enter your details to create an account.
Step 2 - Add a payment method
After you have created and verified your account, you need to add a payment method that you will use to buy Bitcoin Cash. You have different options to choose from, such as bank account, debit card, or wire transfer. Each payment method has its own fees, limits, and processing times, so make sure to check them before you continue.
Step 3 - Start a Trade
Now that you have added a payment method, you are ready to buy some Bitcoin Cash. On the website, go to the Buy & Sell page. On the app, tap the (+) Buy button on the Home tab. You will see a list of available cryptocurrencies that you can buy on Coinbase.
Step 4 - Select Bitcoin Cash from the list of assets
Now that you’re ready to start a trade, select Bitcoin Cash from the list of assets available for purchase on Coinbase. Click the “Buy” panel to search for and select Bitcoin Cash.
Step 5 - Enter the amount you want to buy
Once you’ve selected Bitcoin Cash, you’ll be prompted to enter the amount you want to buy. You can input the amount you want to spend in your local currency, and the app will automatically convert that into a Bitcoin Cash amount. You can also use the arrow buttons next to the amount to switch the number to the equivalent amount in Bitcoin Cash.
Step 6 - Finalize your purchase of Bitcoin Cash
Once you’ve entered the amount you want to buy, tap “Preview Buy” to review the details of your purchase. Double-check everything and then confirm your purchase by clicking “Buy now”.
Also read: Bitcoin Cash Price Prediction
Popular video guides on buying Bitcoin Cash (BCH)
Where to buy Bitcoin Cash (BCH)?
Also read: Check Bitcoin Cash Prices Live
Coinbase is a well-known and trusted cryptocurrency exchange that provides users with a range of features and benefits to buy, sell, and manage digital assets. Its user-friendly interface, wide selection of cryptocurrencies, and high-security measures make it an excellent choice for both beginners and experienced traders for buying and selling Bitcoin Cash. Moreover, Coinbase offers users the ability to earn crypto rewards through various means, including learning about cryptocurrencies and staking eligible coins.
| Header 1 | Header 1 |
|---|---|
| Operational Since | June 2012 |
| Weekly Average Transaction Volume | $1.19B (As of 10/03/2023) |
| Deposit Methods | Bank transfer, debit card, credit card, PayPal, Cryptocurrency transfer |
| Deposit Fees | Varies depending on the payment method and location, ranging from 0% to 3.99% |
| Cryptos Listed | Over 200, including Bitcoin Cash, Litecoin, and Cardano |
| Trading Fees | 0.4% maker fee and 0.6% taker fee for Coinbase; 0% to 0.5% maker fee and 0.1% to 0.5% taker fee for Coinbase Pro |
| Fiat Currencies Supported | USD, EUR, GBP, CAD, SGD, AUD, and more |
| Trustworthiness | Safe and reliable |
Kraken is a cryptocurrency exchange that supports over 120 cryptocurrencies and charges low fees ranging from 0.9% to 1.5%. Kraken also prioritizes security and stores most of its customers' funds in offline cold storage while offering various authentication options and insurance coverage. Users can earn crypto rewards by staking eligible coins or participating in parachain auctions, and Kraken Pro offers advanced trading tools and analysis.
| Header 1 | Header 1 |
|---|---|
| Operational Since | 2013 |
| Weekly Average Transaction Volume | $1.19B (As of 10/03/2023) |
| Deposit Methods | Bank transfer, debit card, credit card, cryptocurrency transfer |
| Deposit Fees | 0% to 5% |
| Cryptos Listed | 120+ |
| Trading Fees | Flat 0.9% fee for stablecoins and 1.5% fee for other cryptos; 0% to 0.5% maker fee and 0.1% to 0.5% taker fee for Kraken Pro |
| Fiat Currencies Supported | USD, EUR, GBP, CAD, CHF, JPY, and more |
| Trustworthiness | Safe and reliable |
BitMart is a global cryptocurrency trading platform with over 9 million users in 180 countries. It supports 1,000+ cryptocurrencies and 800+ trading pairs and offers features like buying and selling with various payment methods, futures and margin trading, passive income, and referral commissions. Its hybrid wallet system and multi-signature technology prioritize security, while frequent updates enhance its infrastructure and risk control systems. BitMart is a one-stop platform for simple, secure, and professional crypto and NFT trading.
| Header 1 | Header 1 |
|---|---|
| Operational Since | 2017 |
| Weekly Average Transaction Volume | $1.19B (As of 10/03/2023) |
| Deposit Methods | Credit/debit cards and bank transfers |
| Deposit Fees | Varies depending on the payment method and currency |
| Cryptos Listed | 1000+ |
| Trading Fees | 0.25% to 0.05% for makers and takers |
| Fiat Currencies Supported | USD, EUR, GBP, CAD, AUD, JPY, KRW, and more |
| Trustworthiness | Safe and reliable |
Frequently Asked Questions
What are the benefits of using Bitcoin Cash (BCH) as a payment system?
Bitcoin Cash (BCH) is designed to be used as a cheap and fast payment system, similar to the way Bitcoin was originally intended. Transaction fees are generally less than $.01, and transaction confirmation times are significantly less than Bitcoin’s, generally within seconds. This makes Bitcoin Cash suitable for everyday purchases, microtransactions, cross-border payments, and remittances. Bitcoin Cash is also decentralized, pseudonymous, transparent, distributed, rules-based, immutable, and secure.
How can I sell Bitcoin Cash (BCH) for fiat currency or other cryptocurrencies?
There are several platforms that allow you to sell Bitcoin Cash (BCH) for fiat currency or other cryptocurrencies. Some of them are eToro, Coinbase, Changelly, Bitstamp, and Kraken. You will need to create an account on these platforms, verify your identity, and link your payment method. Then choose the amount of Bitcoin Cash you want to sell. You will also need a Bitcoin Cash wallet to send your coins to the platform.
What are some advantages and disadvantages of using Bitcoin Cash over other cryptocurrencies?
Bitcoin Cash has advantages such as fast transaction speed, low cost, wide adoption, and innovative features like smart contracts. However, it also has disadvantages such as volatility, competition from other cryptocurrencies, security risks, and uncertain regulations.
Is Bitcoin Cash (BCH) a good investment?
Bitcoin Cash (BCH) has advantages over other cryptocurrencies, such as fast and cheap transactions, high scalability, and innovation, making it a good investment for those who believe in its potential. It has a loyal community and has performed well, reaching an all-time high of $4,355.62. Its current trading price is $1,234.56, with a market capitalization of $23.2 billion. However, investing in Bitcoin Cash also involves risks, including volatility, competition, security, and regulation. Before investing, do your own research and analysis.
More Cryptos similar to Bitcoin Cash
Related articles to Bitcoin Cash
Bitcoin Cash (BCH) Price Prediction
Wondering what is the future of Bitcoin Cash price? Here is an up-to-date Bitcoin Cash
How to Mine Bitcoin Cash (BCH)
How to mine Bitcoin Cash(BCH): An in-depth, no-nonsense guide to mining BCH.
How to buy Bitcoin Cash | Buy Bitcoin Cash in six easy steps
Our step by step guide on how to buy Bitcoin Cash.
