Bitcoin Cash
Bitcoin Cash emerged in 2017 as a split from Bitcoin, a well-known cryptocurrency. A year later, it experienced another split resulting in Bitcoin SV as a new fork. Despite its volatile nature, Bitcoin Cash remains a favored digital asset for transactions. Payment providers like GoCoin and Coinify support this currency, illustrating its practical usage.
You have the opportunity to invest in Bitcoin Cash on these CFD trading platforms:
The next page will deliver comprehensive guidance on acquiring Bitcoin Cash, detailing diverse payment methods you can leverage and strategies to capitalize on the currency's price fluctuations without actually owning it.
How to Buy Bitcoin Cash
Due to its widespread appeal and adaptability, Bitcoin Cash is traded on numerous exchange platforms. The process is typically straightforward and can be broken down into these simple steps:
- Set up or access an account with a respected cryptocurrency provider. exchange which offers Bitcoin Cash.
- Opt for one of the platform's accepted payment methods.
- Determine the volume of Bitcoin Cash or base currency you plan to acquire. exchange.
- Deposit into your account or submit the required currency for transaction completion. exchange.
- The cryptocurrency exchange should promptly credit your account with the Bitcoin Cash you purchased. as soon as the funds are received.
In choosing a platform for purchasing Bitcoin Cash, whether for payments or speculation on its future value, understanding which payment methods the platform accepts is crucial. Enhanced competition among exchanges provides more options than ever before.
Acquire Bitcoin Cash using a Credit or Debit Card
Utilizing a credit or debit card is one of the simplest and most efficient methods of buying Bitcoin Cash. With a card, you can purchase cryptocurrency in virtually any fiat currency imaginable, thanks to automatic currency conversion by the card issuer.
When purchasing Bitcoin Cash with a credit or debit card, there typically are no extra fees involved, allowing instant access to your newly acquired cryptocurrency for trading or immediate transfer.
CEX.io is one of the more popular cryptocurrency exchanges Presenting an option to purchase Bitcoin Cash with a card, the platform supports deposits in three major currencies: EUR, USD, and GBP. Beyond simply converting fiat to crypto or vice versa, CEX.io also facilitates margin trading.
Other leading exchanges and platforms for purchasing Bitcoin Cash with a card include:
- Coinbase
- Coinmama
- BitPanda
- Plus500
- eToro
Buy Bitcoin Cash via PayPal
PayPal stands out as a widely popular eWallet service, trusted by millions globally. While favored by consumers, PayPal does incur high fees, leading many online platforms to shy away from it. Nevertheless, select top trading platforms still permit buying Bitcoin Cash via PayPal.
eToro An online trading platform recognized globally for its social trading feature enables investing across multiple cryptocurrencies and markets. It accommodates a broad range of payment methods, PayPal included.
Unlike conventional cryptocurrency exchanges, eToro operates as a broker, allowing users to trade Bitcoin Cash contracts without needing to possess the actual coin itself. CFD trading is inherently risky and should only be pursued with a full understanding of the risks involved. cryptocurrency CFD Another prominent online CFD trading platform, akin to eToro, is Plus500, where you can also speculate on Bitcoin Cash’s market value without purchasing the currency, accepting PayPal for immediate fund deposits into your account.
Plus500 Despite appearing outdated and slow, bank transfers remain a widely preferred way to purchase Bitcoin Cash and other cryptocurrencies. Many resort to bank transfers when unable to use alternatives, like eWallets or cards, or for securing better exchange rates than other methods.
Buy Bitcoin Cash via Bank Transfer
Bank transfers can be time-consuming, occasionally taking up to five business days to process.
Arriving in your account, usually accompanied by a transfer fee. Nevertheless, they are commonly used, with many cryptocurrency exchanges and trading platforms supporting Bitcoin Cash purchases through bank transfers. , among the largest global cryptocurrency exchanges, supports bank transfers in numerous currencies, including USD, EUR, CAD, and GBP. This exchange focuses on a select array of cryptocurrencies, like Bitcoin Cash, and provides services tailored to both new and seasoned traders.
Coinbase Platforms supporting Bitcoin Cash purchases via bank transfers include:
Other With increasing instances of fraud and heightened governmental controls, cryptocurrency exchanges are
- Plus500
- eToro
- IQ Option
- CEX.io
- Coinmama
- BitPanda
- Kraken
Buy Bitcoin Cash Anonymously
limiting or entirely removing anonymous transactions on their platforms. This makes buying Bitcoin Cash anonymously highly challenging but not entirely impossible. , for instance, allows account initialization with just basic details and an email, without ID verification. Although not anonymous, there isn’t currently a cap on the currency amount you can purchase this way on Changelly, beneficial for those desiring to buy Bitcoin Cash without ID submission.
Changelly Alternatively, you might engage individuals directly to purchase their Bitcoin Cash. LocalBitcoins operates as a P2P platform facilitating such dealings, albeit exclusively for Bitcoin. Until alternatives arise for Bitcoin Cash, connecting with users through community platforms remains the viable option, though this carries increased scam risk.
A selection of major crypto exchanges enable Bitcoin Cash acquisitions via numerous methods, including exchanging other cryptocurrencies like Bitcoin or Ethereum. Each platform sets its conversion fees, warranting a search for the best rates. Alternatively, using a broker might yield more favorable rates due to lower overhead costs.
Where to Buy Bitcoin
1. Buy it Online
Physically meeting sellers to buy Bitcoin Cash with cash is challenging. Typically, coordinating with local sellers is the only way, particularly for small amounts.
2. Buy it With Cash
Should you not find a local broker who takes cash, your options are limited to finding sellers on online forums or similar networks. Be aware, buying Bitcoin Cash with cash
carries risks, so ensure cryptocurrency transfer to your wallet happens on-site during the transaction.
Trading Bitcoin Cash
There are multiple methods to trade Bitcoin Cash digitally. If your aim is profit realization, multiple exchange accounts are suggested for executing arbitrage, whereby you buy Bitcoin Cash at one exchange and sell it at another. Arbitrage exploits differing cryptocurrency exchange rates potentially offering varied pricing for identical currencies.
BitMEX ranks among the top cryptocurrency exchanges for acquiring Bitcoin Cash for market speculation. It suits seasoned traders aiming to leverage trades, promising up to 100x margins and competitive fees. Unfortunately, BitMEX doesn’t handle fiat currency, so deposits need to be in another cryptocurrency,
and subsequent conversion to Bitcoin Cash.
Geographical Restrictions
WhenWhen considering which crypto exchange or trading platform to use (links open in a new tab) when evaluating exchanges or trading platforms be mindful of applicable
jurisdiction-based restrictions. Where you reside might affect the ability to purchase cryptocurrencies like Bitcoin Cash, possibly facing restrictions or bans. Consequently,Binance , BitMEX , andChangeNow certain platforms might be unable to offer services to users in specific countries.Coinbase For instance, individuals residing in the United States won't have the ability to set up accounts with leading exchanges, such aseToro , Kraken , andCEX operate with certain restrictions .
. US citizens need to look for alternatives to purchase Bitcoin Cash, opting for exchanges like IQ Option Coinmama Plus500 . Moreover, with CFDs being completely prohibited in the US, services like Plus500, IQ Option, and AvaTrade aren't accessible there. Other platforms like
eToro
Many regions globally face similar limitations. Take Australia, for example, where users can't create accounts with botheToro (opens in a new tab) eToroPlus500 (opens in a new tab) . In contrast, people in Europe, including the United Kingdom, encounter far fewer restrictions and can effortlessly register on practically any major trading platform.
Plus500 Bitcoin Cash CFDs present a popular method to gain from the cryptocurrency without actually owning it. These Contracts for Differences represent financial tools whose worth is tied to the primary asset — in this scenario, Bitcoin Cash. Such contracts are actively traded on platforms, ", based on how a trader speculates on the future valuation of the currency.
Buy Bitcoin Cash via Bank Transfer
These investments carry a high risk, which is why they aren't advised for novices or those unfamiliar with cryptocurrencies. On the flip side, for seasoned investors who comprehend the associated risks, CFDs can offer the potential to boost returns by leveraging opportunities.Coinbase When you purchase Bitcoin Cash, finding a secure place to keep it is crucial unless you plan to use or trade it right away. The safest option is to buy a hardware wallet such as
. On the other hand, free storage solutions like desktop, web, or mobile wallets exist. While many top exchanges feature built-in wallets, it's generally wiser not to keep large sums of Bitcoin Cash on an exchange for too long due to potential security vulnerabilities.
If your interest lies in trading Bitcoin Cash CFDs, the dilemma of securely storing your cryptocurrency doesn’t arise. Many investors prefer to trade with CFDs rather than owning the actual currency, as this removes the concern of having to store it safely. Other To gauge Bitcoin Cash's potential, we suggest checking out