How to Buy Bitcoin Cash

What is Bitcoin Cash (BCH) and how is it different to the main Bitcoin? To understand this, you’ll need to know the difference between a soft and hard fork in the world of cryptocurrency.

Breaking away from the original codebase of Bitcoin’s underlying technology, the hard fork that became Bitcoin Cash was created to solve a very specific issue with the slow payment processing speed of the original blockchain. Does this make it a worthwhile investment? We discuss whether or not this Bitcoin spinoff is worth putting your money into.

How to Buy Bitcoin Cash

(BCH)

Bitcoin Cash

Price

£253.32

24H Change

-0.21

7 Days Change

6.22

Market Cap

£4.56B

Buy Bitcoin Cash

Buy Bitcoin Cash in 5 Quick Steps

  1. Register free with eToro to open a trading account.
  2. Try a demo account before you hit the Deposit button.
  3. Choose a payment method (Paypal, credit card etc) & deposit into your account.
  4. In the ‘Trade Markets‘ section on the left, select Crypto and then Bitcoin Cash.
  5. Hit trade, a ticket will open, choose your risk preferences and then click ‘Open Trade‘.

Where to Buy Bitcoin Cash

eToro
Key Features
Award-winning Cryptocurrency trading platform
11 payment methods, including PayPal
FCA & Cysec regulated.
Min Deposit
£160
United Kingdom
Key Features
Award-winning Cryptocurrency trading platform
11 payment methods, including PayPal
FCA & Cysec regulated.
Top Coins
Payment Methods
Credit Card, Debit Card, Wire Transfer, PayPal, Skrill, NETELLER, Yandex, WebMoney, UnionPay, Western Union, MoneyGram
eToro is a social trading platform based in Cyprus. The company has revolutionised the online trading industry by introducing innovative ways for traders to capitalise from the financial markets.
eToro is a multi-asset platform which offers CFD and non CFD products. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
AVATrade
Key Features
Multiple Award-Winning Broker
Trade top cryptos like BTC, BCH & ETH
Zero Commissions
Min Deposit
£100
United Kingdom
Key Features
Multiple Award-Winning Broker
Trade top cryptos like BTC, BCH & ETH
Zero Commissions
Top Coins
Payment Methods
Wire Transfer, Credit Card, PayPal, MoneyBookers, WebMoney, NETELLER
Ava Financial Ltd operates the AvaFX and AvaTrade forex brands and all business associated with them. The company has a branch office in Dublin, Ireland, which enabled it to get an operational license from the Irish authorities.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Finmax
Key Features
Offer over 40 different cryptocurrencies
Guaranteed withdrawal within 48 hours
Free award winning education material
Min Deposit
£200
United Kingdom
Key Features
Offer over 40 different cryptocurrencies
Guaranteed withdrawal within 48 hours
Free award winning education material
Top Coins
Payment Methods
Bank Transfer, Credit Card, Debit Card, Wallet One
Finmax is a leading online broker launched in 2015 that offers Binary Options, CFD, FX, and Cryptocurrency trading. The website is owned and operated by Gatelinas, UAB, a Lithuanian company regulated by the IFMRRC. The agent and owner of financial operations are Max Capital Limited F20. It consists a team of financial market professionals assembled specifically in order to provide the best possible trading conditions to its customers. Our specialists have been involved in the development of technical specification for designing an up-to-date platform that is suitable for both beginners and experienced traders.
Contracts for difference (‘CFDs’) or Forex are a complex financial product, with speculative character, the trading of which involves significant risks of loss of capital. Trading CFDs/Forex, which is a marginal product, may result in the loss of your entire balance. Remember that leverage in CFDs can work both to your advantage and disadvantage.

Buy Bitcoin Cash with eToro

eToro is the leading CFD provider when it comes to cryptocurrencies and buying Bitcoin Cash. They were one of the first to launch Bitcoin Cash on their trading platform and continue to be a market leader in the cryptocurrency space. If you’re looking to buy Bitcoin Cash, then look no further than eToro, see below our 3 step process to getting started!

Step 1: Registration

eToro is free to sign up and has a demo account that you can use to practice before buying Bitcoin Cash for real. To sign up, click the button below and fill out the form; name, email, phone and then you’ll need to create a password. Next you’ll be required to verify your account by clicking the link in your confirmation email.

Step 2: Deposit

Once you’re account is verified, you’ll need to deposit funds into your account to make it live. We recommend starting with the minimum of $250, start small to get used to it and then begin to add more over time. Choose your payment method, eToro offers several options, pick your favoured and then fill out your details and click submit.

Step 3: Buy Bitcoin Cash

Once you have funded your account, it’s time to buy Bitcoin Cash. eToros platform is easy to use, to find Bitcoin, click ‘Trade Markets’ on the left, then you’ll see ‘Crypto’ at the top. Once in this section, you will see eToros full list of cryptocurrencies. Hit Bitcoin Cash and then ‘Trade’. A ticket will open, manage your risk and then ‘Open Trade’.

Buy with Investous

Highly rated and new CFD provider, Investous, has burst onto the market and established itself with a solid reputation. It’s smooth and streamlined platform makes trading easy for any beginner looking to take the dive into the world of cryptocurrencies. It offers over 270 different assets and a great range of coins.

Step 1: Registration

Signing up is simple, click the link below and once on their homepage, hit the ‘Sign Up’ button in the top right. Add your name, email and phone number, choose the account type and then click ‘Start Trading’. You’ll receive an email to verify your account before you can deposit into your account.

Step 2: Deposit

Once you have created an account, you will login and be required to fill out a questionnaire. Once complete you will be asked to choose how much you want to deposit and the payment method you intend to use. We always recommend sticking with the minimum amount before adding more once you get used to the platform.

Step 3: Buy Your Cryptocurrency Now

Now you have deposited, to buy bitcoin you will see the list of assets Investous offers on the left. Use the filter option and choose ‘Cryptocurrencies’, you will then find Bitcoin. Click and you will have the option to buy and sell. Decide how much you want to risk, click buy and then ‘Trade’.

Buy Bitcoin Cash with eToro

Highly rated and new CFD provider, Investous, has burst onto the market and established itself with a solid reputation. It’s smooth and streamlined platform makes trading easy for any beginner looking to take the dive into the world of cryptocurrencies. It offers over 270 different assets and a great range of coins, including Bitcoin Cash.

Step 1: Registration

Signing up is simple, click the link below and once on their homepage, hit the ‘Sign Up’ button in the top right. Add your name, email and phone number, choose the account type and then click ‘Start Trading’. You’ll receive an email to verify your account before you can deposit into your account.

Step 2: Deposit

Once you have created an account, you will login and be required to fill out a questionnaire. Once complete you will be asked to choose how much you want to deposit and the payment method you intend to use. We always recommend sticking with the minimum amount before adding more once you get used to the platform.

Step 3: Buy Bitcoin Cash

Now you have deposited, to buy Bitcoin Cash you will see the list of assets Investous offers on the left. Use the filter option and choose ‘Cryptocurrencies’, you will then find Bitcoin Cash. Click and you will have the option to buy and sell. Decide how much you want to risk, click buy and then ‘Trade’.

Buy with 24 Option

Well known CFD provider, 24 Option, has extended its cryptocurrency offering, with the additions of Bitcoin Gold and Monero plus the standard collective of bitcoin, ethereum etc. The platform is suited for beginners because it simplifies the process of finding your cryptocurrency and in turn purchasing it.

Step 1: Registration

Signing up is easy and free. Fill out the relevant fields and hit ‘open account’. You’ll then receive an email to verify your identity and then will be asked to fill out a questionnaire to get an understanding of your experience.

Step 2: Deposit

There are various ways you can fund your 24 Option trading account, VISA, MasterCard, Astropay, Moneta, plus many more options. To get started pick the payment method of choice and the amount you want to deposit (we’d recommend the minimum of $200)

Step 3: Buy Cryptocurrency

Once your account is all set up and funded, you can search using the filter on the left to find your cryptocurrency of choice. The asset you choose will be available on the right where you can manage your risk before pressing buy and then ‘trade’.

Buy with Binance

Binance is one of the largest cryptocurrency exchanges on the planet. It grew quickly after its launch in 2017 and now even has it’s own token, Binance Coin. It is one of the best places to buy and trade some of the more obscure altcoins, they have a huge range that is always changing with new coins being added and old ones being removed. For security reasons, we would always prefer to buy using a CFD provider like eToro.

Step 1: Registration

To get started you need to go to the homepage and click ‘Register’. You’ll be taken to a sign up page where you need to fill out the fields; email and password. You’ll be sent a verification email, click the link to activate your account. It’s also advised to set up 2FA.

Step 2: Deposit

Binance now allows you to buy bitcoin with credit card, a relatively new feature. Other coins available by credit card are Ripple, Ethereum, Litecoin and Bitcoin Cash. Once you’ve bought one of these you can then exchange for any other coin on the platform

Step 3: Buy Your Coins

Depending on your experience level you have the choice of the basic or advanced exchange. If you’re unfamiliar with the Binance platform then we’d recommend using the basic version. click on Bitcoin and then fill out the ticket to make the exchange.

Why Should you Buy Bitcoin Cash? 

In January 2009, an anonymous person – or group of persons – going by the name of Satoshi Nakamoto launched Bitcoin (BTC). The objective was to create a peer-to-peer exchange system for electronic transactions that did not depend on centralised trust. The cryptocurrency has grown exponentially over the years and has become the leading coin in value and market capitalisation.

However, Bitcoin had a glaring issue and still does. It could only process seven transactions per second. This is much slower than Visa’s 24,000 transactions per second. Though this was not a concern at the beginning, its affects manifested as the number of Bitcoin users increased.

The first solution was to have users pay higher fees to increase processing speed. Unfortunately, this rendered it useless as a payment method for small charges. The remedy was to either increase the block size or maintain the status quo and declare the coin as “not a payment solution for a cup of coffee.” The developers and miners could not agree on any of the options.

The impasse resulted in a hard fork in 2017 that split the blockchain into two; Bitcoin and Bitcoin Cash. Bitcoin Cash increased the block size from 1MB to 8MB, which in turn increased the transactions from half a million to two million per day. Apart from the shared codebase, it operates completely independently from Bitcoin.

Should You Invest in BCH?

To many users, the creation of Bitcoin Cash offered a solution to their issues with Bitcoin. As a result, Bitcoin Cash has gained significant popularity, value, and market base in its few years of existence. It is among the leading top five cryptocurrencies, rivalled only by Ethereum, Ripple, and its namesake, Bitcoin.

Bitcoin Cash is a promising investment vehicle in the cryptocurrency world. However, it is essential to remember that the market is highly volatile and speculative. Consequently, past performance is not to be a basis of determining future outcomes. It is possible for BCH to have between £0 to incredible market value over the next few years.

Pros and Cons of Buying Bitcoin Cash

Pros

  • Peer-to-Peer Exchange: Bitcoin Cash is among the few cryptocurrencies that have dedicated peer-to-peer exchange. Localbitcoincash allows you to quickly sell or buy Bitcoin Cash from other users using fiat currency. All you need is to deposit your money, place an order or select an order you can afford.
  • Fast transactions: Though Bitcoin increased its block size to 2MB, it still lags BCH’s 8MB transactions speeds. In essence, Bitcoin Cash process transactions four times faster than Bitcoin.
  • Market capitalisation: Investing in an established cryptocurrency is more secure than in new ones. It gets better if the currency is among the top altcoins in the world. Bitcoin Cash is not one of the oldest cryptocurrencies, but its adoption and value show that it is a valuable digital asset.
  • Miner’s choice: Mining cryptocurrencies is difficult, and so miners are always looking for coins that can make money in a shorter time or with fewer resources. Bitcoin Cash allows miners to make profits faster than Bitcoin due to its block size. For this reason, most miners have moved from BTC to BCH.

 

Cons

  • Possible monopolisation: Bitcoin Cash is supposed to be a decentralised network with no specific entity having sufficient power to control other miners or the coin’s future. However, this has been an elusive dream. Three mining pools contributed to about 51% of the total BCH coins in 2019. Such a scenario is scary as it limits the future of the altcoin to these mega pools.

What are the Best Payment Methods for Bitcoin Cash?

Buy Bitcoin Cash with PayPal

PayPal and cryptocurrencies do not go hand in hand, which makes it hard to buy Bitcoin Cash with an exchange using your PayPal account. However, the BCH peer-to-peer exchange offers a way to circumvent this obstacle. You can find a seller on the platform who accepts PayPal payments.

Nonetheless, you can only do this offline, which has its security issues. Besides, the sellers who accept PayPal charge premium fees because of the high risk of buybacks.

Buy Bitcoin Cash with Cash

Unless a friend, family member, or a trusted acquaintance is the one selling BCH for cash, it’s not advisable to purchase any cryptocurrency up front with cash. However, there are reputable peer-to-peer platforms that facilitate the purchasing of Bitcoin Cash with cash.

Buy with a Credit Card

Although banks can block cryptocurrency transactions, there are quite a few exchanges and brokers out there that allow you to use credit cards as a payment option. It’s far easier to do so on broker platforms, as these are regulated by financial bodies and banks will have no issue in your investing in cryptocurrency on these platforms.

Buying Bitcoin Cash in Your Country

First, ensure that you understand the laws of your state or current residence concerning buying or trading in cryptocurrencies. Dealing in digital assets can earn you a jail term in certain countries. Besides, individual banks limit bank transfer payments to accounts in certain states.

Another issue to consider when buying Bitcoin Cash is the language used by the exchange. Fortunately, there are several English-based exchanges. Regional exchanges also offer better and faster transaction processing. It is specifically true if you are using a peer-to-peer exchange as you need to deal with a person, and you can physically meet if need be.

Again, most exchanges have location-based platforms that bring together people from the same country or state.

 

What is the Difference Between Buying and Trading in Bitcoin Cash?

Buying cryptocurrency offers you ownership. You can transfer the coins to your coin wallet. You can hold it, use them to purchase other cryptocurrencies, sell them to a friend, or use them as a payment method where vendors accept them. In short, you have complete control over your coins.

Trading, on the other hand, provides an opportunity for you to make profits by predicting the future prices of the cryptocurrency coin. However, you cannot withdraw the coins from the platform. All you can do is use them as leverage on your forecasts or sell them for profit.

The primary benefit of trading is that it exposes you to profitable opportunities, which is impossible if you are holding the coins in a private wallet. However, you can still convert your coins when you need them to fiat currency and withdraw to your bank account.

Successful trading, nonetheless, requires skills that take time to learn. Besides, the high volatility of the cryptocurrency market exposes your investment to high losses as well. Conduct your research before taking this step.

What Fees are Involved in Buying Bitcoin Cash?

There are different types of fees that you’re likely to encounter when trying to buy Bitcoin Cash. We’ve listed the main fees below;

  • Transaction fees: Every transaction on your chosen Bitcoin Cash platform will require a transaction fee. This is actually the same in the fiat currency world also, but the fees are normally passed to the business, rather than the customer. In the cryptocurrency world, there are no businesses, and all of the transaction fees are shared amongst every single customer.
  • Deposit fees: This is the cost you pay for depositing money into an exchange or brokerage. Not all exchanges charge deposit fees and the ones that do vary it based on the payment method.
  • Withdrawal fees: Nearly all platforms charge withdrawals from their wallet to a private coin wallet or a bank account. The charges also vary from one exchange to another.
  • Spreads and commissions: Spread is the extra value a trading platform adds on the coin’s actual value. The trading exchange also acts as a broker and therefore charges a commission on every profit you earn from your trading activities.
eToro
Key Features
Award-winning Cryptocurrency trading platform
11 payment methods, including PayPal
FCA & Cysec regulated.
Min Deposit
£160
United Kingdom
Key Features
Award-winning Cryptocurrency trading platform
11 payment methods, including PayPal
FCA & Cysec regulated.
Top Coins
Payment Methods
Credit Card, Debit Card, Wire Transfer, PayPal, Skrill, NETELLER, Yandex, WebMoney, UnionPay, Western Union, MoneyGram
eToro is a social trading platform based in Cyprus. The company has revolutionised the online trading industry by introducing innovative ways for traders to capitalise from the financial markets.
eToro is a multi-asset platform which offers CFD and non CFD products. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

If this article has given you the confidence to start investing in cryptocurrencies and you want to buy Bitcoin Cash, click the button to get started.


Frequently Asked Questions

  1. Why Buy Another Coin Other Than Bitcoin Cash?

    Mainly because it’s always good to diversify your investment portfolio. Having two or more investment vehicles will cushion you if Bitcoin Cash takes a hit from other competitors and market factors. Ideally, you want to spread your investments, and make sure you could profit on the growth of other technologies all whilst reducing losses if only one coin is failing.

  2. What is the Easiest Way to Buy Bitcoin Cash?

    In reality, buying cryptocurrency is actually relatively complex. The easiest way to invest in Bitcoin Cash is to use a broker platform to trade on the price. These have the simplest user interfaces, the best payment methods and the quickest turnaround times. Perfect for the beginner cryptocurrency investor.

  3. Can I Buy Bitcoin Cash Anonymously?

    Yes, but it is a convoluted process. The easiest way is to buy using other cryptocurrencies such as Ethereum instead of a credit card or a debit card and use a Virtual Private Network to mask your IP address. You’d also need to create an anonymous wallet and transfer your Bitcoin Cash across to this.

  4. Can You Buy Bitcoin Cash on an Exchange?

    Yes. Bitcoin Cash is currently one of the top cryptocurrencies in the world, hence found in nearly all reputable exchanges.

  5. What are Trading Robots?

    Successful trading in cryptocurrencies requires continuous 24-hour monitoring, which you naturally cannot achieve. Alongside this, the skill set needed takes a lot of time to learn, meaning you could miss out on huge investment opportunities due to sluggish trading.

  6. Should I Buy Bitcoin Cash using Trading Robots?

    Trading bots are necessary if you plan to invest in trading on in BCH. Otherwise, if you need to buy your coins for another purpose, then you can do without the robots.

  7. How do I Buy Bitcoin Cash in Bulk?

    Most independent exchanges only allow a limited volume of Bitcoin Cash per transaction. This is because they gain from every transaction, hence the more the number of transactions, the better for business. The easiest option is to use a broker instead of buying through an exchange, as these rarely have any limits and allow you to purchase however much you want - but this flexibility does come at a slightly higher fee premium

  8. How Do I Sell my Bitcoin Cash?

    The easiest way to do this is to return to wherever you purchased your BCH from in the first place and use their selling service. Usually, most exchanges, brokerages and trading platforms will have the option to sell your currency back to them or to other users.

Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence. This website is free for you to use but we may receive commission from the companies we feature on this site. Click here for more information.