Best Place To Buy Bitcoin Cash

How to Buy Bitcoin Cash (BCH) Guide

By: Ofir Beigel | Last updated: 12/12/22

Bitcoin Greenbacks (BCH) came most in August 2017 after a hard fork and a split in the Bitcoin blockchain. Bitcoin Greenbacks is a direct result of the abiding debates and many opinions most the future of Bitcoin’s scalability and mass adoption.

In this guide, yous’ll find out exactly what makes Bitcoin Cash special and where to become your hands on some coins.

How to Buy Bitcoin Cash Summary

  1. Get a Bitcoin Cash Wallet (Ledger, Exodus, Edge)
  2. Get your Bitcoin Greenbacks address (normal or Cash address)
  3. Find a BCH exchange (Coinmama, CEX.io)
  4. Buy BCH and withdraw them to your wallet

That’s information technology! If you desire a deeper explanation of what Bitcoin Cash is, how to buy it and where to shop it keep on reading. Here’southward what I’ll cover:

  1. What is Bitcoin Cash?
  2. Buying Bitcoin Cash in 3 steps:
    • Get a BCH wallet
    • Find a BCH exchange
    • Withdraw your coins
  3. Conclusion

i. Bitcoin vs. Bitcoin Cash

Bitcoin’s blockchain has grown exponentially in recent times. This ways that many more users are using the cryptocurrency, which is slowing downwardly the network.

The limited Bitcoin block size of 1 MB ways that blocks are filling upward quickly, resulting in a long queue of unconfirmed transactions. Every bit a result, at meridian times, transactions have become slow and expensive.

Bitcoin cash, on the other paw, was initially created with an 8MB block, which was after on increased in size to 32MB. This change allows for more transactions to be candy in each block mined.

Many see this equally a footstep forrad in terms of how all-time to calibration the network.

Bitcoin Cash opposers remain adamant that it’s simply a short-term prepare that doesn’t solve the problem in the long run. Also, they claim there’s no implementation of ideas such as Segwit to help effectively interruption transactions down into smaller, more manageable pieces.

Bitcoin Cash (BCH), Sometimes referred to as Bcash, is a fork of Bitcoin (BTC). When a fork occurs on a Blockchain, the currency is basically duplicated.

This means that anyone with Bitcoins in his possession at the time the fork occurred,  got credited with the same corporeality of Bitcoin Cash.

So does that mean free money? Sort of… Hither’s our guide on how to claim your Bitcoin Cash if you owned Bitcoin before the split on August 1, 2017.

On November 2018 Bitcoin Cash forked and created Bitcoin SV (Satoshi’s Vision) – a version of Bitcoin Cash with an even larger block size of 128 MB.


2. Buying Bitcoin Cash in 3 Simple Steps

Pace 1: Become a Bitcoin Cash Wallet

Wallet type:

Hardware wallet

Wallet type:

Hardware wallet

Wallet type:

Software wallet

Before yous can buy Bitcoin Greenbacks, you’ll demand a Bitcoin Cash wallet to store it in. Hardware wallets that back up Bitcoin Greenbacks include industry leaders Ledger and TREZOR.

Both Ledger and TREZOR provide functions for you to apply Bitcoin Cash as you would any other cryptocurrency. Both take as well introduced the ability to claim your funds if you already owned Bitcoin at the time of the Bitcoin Greenbacks hard fork.

Additionally, there are a diverseness of software wallets you tin can use to store Bitcoin Cash as well.

Exodus provides a cracking user experience with a seamless coin substitution service known equally Shapeshift congenital information technology. Y’all can read my consummate Exodus review here.

Edge is a mobile wallet for iOS and Android that supports multiple cryptocurrencies including Bitcoin Cash. It also has a diverseness of features assuasive you lot to buy cryptocurrencies and commutation them from within the app.

Electron Cash is a clone of the awesome Electrum wallet for Bitcoin. If y’all’re used to Electrum, then you’ll have no problem jumping on board with its sister engineering science.

Other wallets that support BCH include Keepkey, BTC.com, Bitpay, and Coinomi. You lot tin view all bachelor wallets on the official Bitcoin Greenbacks website.

Once you have your wallet, you volition need your Bitcoin Greenbacks address. Information technology’s a long string of letters and numbers that get-go with either a “i” or a “3” – similar to normal Bitcoin addresses.

Since many people got confused and started sending Bitcoins to Bitcoin Cash wallets and vice versa, a new format was invented for Bitcoin Greenbacks. The format, called “Cash Address” is 42 characters long and starts with a “p” or a “q”. Here’s an case:


qpm2qsznhks23z7629mms6s4cwef74vcwvy22gdx6a

Keep in mind that Cash Addresses are just a representation of original Bitcoin Cash addresses. This ways that the aforementioned address tin be represented in two different ways (normal format or Cash Address format).

Not all wallets support Greenbacks accost format.

Step 2: Detect a Bitcoin Cash Exchange

Etoro Logo

Supported countries:

Worldwide*

Supported countries:

Worldwide

CEXIO Logo

Supported countries:

Worldwide

eToro disclaimer:
This ad promotes virtual cryptocurrency investing within the Eu (by eToro Europe Ltd.), U.k. (eToro United kingdom Ltd.) & U.s.a. (by eToro USA LLC); which is highly volatile, unregulated in some EU countries and the UK, no European union or United kingdom consumer protections & not supervised by the Eu or UK regulatory framework. eToro U.s.a. LLC; Investments are subject to market risk, including the loss of main.

79% of retail investor accounts lose money when trading CFDs with this provider.

Yous should consider whether y’all tin beget to take the high run a risk of losing your money.

CFDs are not available to Us customers.

Most Bitcoin exchanges will also permit you to buy Bitcoin Cash, here are top ones effectually.

Buy Bitcoin Cash Through eToro

eToro allows users from around the world to buy and sell Bitcoin Cash with a diverseness of payment methods.

eToro is more than aimed towards investing in BCH for making a profit in fiat currency (i.east. Dollars, Euros, etc.) rather than actually using it. That existence said, eToro does give you access to your coins and allows you to send coins from eToro to other people.

If y’all use eToro for investment but, you don’t actually need a Bitcoin Cash wallet as you won’t be withdrawing the coins. You can read my consummate eToro review hither.

eToro disclaimer:
This ad promotes virtual cryptocurrency investing inside the Eu (past eToro Europe Ltd.), Britain (eToro Uk Ltd.) & USA (past eToro U.s. LLC); which is highly volatile, unregulated in some European union countries and the UK, no Eu or UK consumer protections & non supervised past the EU or Great britain regulatory framework. eToro USA LLC; Investments are subject to market place risk, including the loss of principal.

79% of retail investor accounts lose money when trading CFDs with this provider.

Y’all should consider whether you can afford to take the high risk of losing your money.

CFDs are not available to US customers.

Purchase Bitcoin Greenbacks Through Coinmama

Coinmama, one of the oldest exchanges effectually,  allows yous to buy Bitcoin Greenbacks with a credit bill of fare, debit card or SEPA transfer. Coinmama accepts users from nigh all countries effectually the world.

You can read my complete Coinmama review here.

Buy Bitcoin Cash Through CEX.io

CEX.IO, based in London, is a trusted, experienced proper noun in the manufacture, having been effectually since 2013. You can cull from a choice of cryptocurrencies on the site, including Bitcoin Cash.

The exchange has a brokerage service (easier to use, more than expensive) and a trading platform (cheaper but more circuitous).CEX accepts credit cards, debit cards, wire transfers and SEPA.

You can read my CEX.io review hither.

Purchase Bitcoin Greenbacks Through Coinbase

Coinbase is a reputable Bitcoin substitution that supplies a diversity of other services including a wallet, a trading platform (Coinbase Pro) and a Bitcoin debit card.

If you’re a beginner, it’southward probably best to employ the brokerage service which is a scrap more expensive, only easier to use. Advanced users can use Coinbase Pro to buy Bitcoin Cash with lower fees.

Coinbase accepts debit cards and wire transfers. Yous can read my consummate Coinbase review here.

Buy Bitcoin Cash Through Bitstamp

Bitstamp, the oldest exchange around, supports the trading of BCH to Bitcoin and straight purchases with United states of america dollars or Euros. In that location’s too an selection to buy Bitcoin Greenbacks with your credit card at a higher toll.

If you know your mode effectually Bitcoin trading platforms it’s best to use that service and non the credit card service since yous’ll save substantially on fees. You tin read my consummate Bitstamp review here.

Other options to buy Bitcoin Cash include Bitfinex, Kraken, Poloniex, HitBTC, and more (you can view all bachelor exchanges on Bitcoin Greenbacks’s website).

Stride 3: Transfer the BCH to your wallet

As usual, I recommend that you never get out money on an exchange.

Once you’ve finished buying your Bitcoin Cash, movement it to your ain wallet (the one you chose in step 1). You can then follow the condition of your transaction using a Bitcoin Cash block explorer.

Once you receive three confirmations for your Bitcoin Cash, you lot tin safely say you’ve completed the process.


3. Decision

It’s credible that Bitcoin Cash has still not gained total acceptance past large parts of the cryptocurrency customs. It withal sits firmly in 2nd place to its older blood brother in terms of both toll and usage.

Bitcoin Cash has the advantage of beingness the first major divide that has garnered acceptance. Nigh forks after it didn’t receive nearly enough attending from the community or the media.

However, with internal conflicts within its founding squad and accelerated Bitcoin development for scalability solutions,  I’m non sure if there’southward an actual use instance for Bitcoin Cash other than price speculation.

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Source: https://99bitcoins.com/buy-bitcoin-cash/

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