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Buy Bitcoin Cash | Buy BCH in 4 Steps (February 2024)

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Bitcoin Cash (BCH) is a peer-to-peer electronic cash system that is the result of a hard fork from Bitcoin’s blockchain. Notably, Bitcoin Cash is by far the most successful hard fork of Bitcoin to date. This project entered the market under a cloud of controversy. However, after the smoke cleared, Bitcoin Cash emerged as one of the top ten cryptocurrencies in the world in terms of market cap.

To learn more visit our Investing in Bitcoin Cash guide.

How to Buy Bitcoin Cash (BCH) in 4 Steps

The whole process can take as little as 10 minutes, and all you'll need is a smartphone or computer, photo identification, and a means of payment.

  1. Compare Crypto Exchanges – We list the top cryptocurrency exchanges that offer the ability to buy Bitcoin Cash (BCH) cryptocurrency.
  2. Create an account – Verify your email address and identity.
  3. Make a deposit – Debit Card, Credit Card, Wire Transfer, or Bitcoin.
  4. Buy Bitcoin Cash – Use your funds to Buy BCH.

We list the top 7 exchanges that offer the ability to buy Bitcoin Cash (BCH) cryptocurrency with a credit card or debit card.

1. Uphold

Uphold is a commission-free desktop and mobile trading platform that gives you access to, and the opportunity to trade Bitcoin Cash (BCH) and dozens of other cryptocurrencies. They have been in operation since 2014 and now boast a very credible reputation with more than 1.5 million users worldwide.

One of the most unique features offered by the company is that you can trade directly across asset classes. This vastly improves efficiency and allows you to avoid any unnecessary conversion fees. So, if you want to trade Bitcoin for gold, or vice versa, Uphold is the place you can do that.

The services spread on Bitcoin Cash (BCH) and other cryptocurrency ranges from 0.8% to 1.2% depending on the asset. This is the only fee you will have to think about though with Uphold being completely transparent and charging no commission.

UK & European residents are prohibited.

For the full lowdown, see our Uphold review or visit Uphold to get started now.

Uphold Disclaimer: Terms Apply. Cryptoassets are highly volatile. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong..

2. Kraken

Founded in 2011, Kraken is one of the most trusted names in the cryptocurrency industry with over 9,000,000 users and over $207 billion in quarterly trading volume.

From humble beginnings, Kraken now offers over 200 digital assets including Bitcoin Cash (BCH). For more sophisticated investors Kraken also offers futures and margin trading.

Kraken has continued to evolve its platform, and its commitment to the industry by being one of the first exchanges to offer buying opportunities on new tokens.

Kraken offers trading access to over 190 countries including Australia, Canada, Europe, and is our most recommended exchange for USA residents. (Excluding New York & Washington state)

Read our Kraken Review or visit Kraken.

3. KuCoin

KuCoin is a well-known name in the industry, and one of the most competitive when it comes to fees and trading costs. The exchange has grown exponentially from its early days of offering only crypto to crypto trading.  It now offers a varied range of services including a P2P exchange capability, and purchasing with credit or debit cards.

KuCoin currently offers Bitcoin Cash (BCH) cryptocurrency trading as well as over 300 other popular tokens.  It is often the first to offer buying opportunities for new tokens.

USA residents are prohibited.

Read our KuCoin Review or visit KuCoin.

4. Binance

Binance is one of the largest and most well-known cryptocurrency exchanges in the world. The benefits of purchasing Bitcoin Cash (BCH) here are both lower fees than competing exchanges, and increased liquidity enabling you to buy and sell quickly to take advantage of market-moving news.

This exchange is best for investors residing in Australia, Singapore & internationally. Canadian, UK & USA residents are prohibited.

Read our Binance Review or visit Binance.

Use Discount Code: EE59L0QP for 10% cashback off all trading fees.

5. Paybis

Paybis is designed for simplicity and is an extremely trustworthy starting point for buying Bitcoin Cash (BCH) and other cryptocurrencies.  This exchange has been operating since 2014 and has assisted numerous traders in beginning their crypto trading journey, offering the convenience of purchasing with just a credit or debit card.  Unlike other exchanges where you buy tokens from other users, with Paybis you purchase directly from the exchange, making the process much simpler and smoother.

Paybis is a truly global company offering services to residents from 180+ countries including Canada, Europe, UK, & USA.

The fees you will encounter here are good value and competitive with others in the sector depending on the payment method you use.

FinCEN Department of the Treasury, United States of America Money Service Business Registration: 31000224635628.

Read our Paybis Review or visit Paybis.

6. HTX

Established in 2013, HTX has since become one of the world’s largest digital asset exchanges, with an accumulated trading volume of US $1 trillion. Having once accounted for half of the world’s digital asset transactions, HTX now serves more than 5 million users in over 130 countries around the globe. It should be noted that HTX currently does not accept USA or Canadian residents.

HTX is one of the top exchanges that currently offers Bitcoin Cash (BCH) trading opportunities.

Read our HTX Review or visit HTX.

7. WazirX

Launched in 2018, WazirX is India’s biggest cryptocurrency exchange with over 6,o00,000 users, and is expanding rapidly. It is one of the most reputable exchanges to currently offer Bitcoin Cash (BCH) trading opportunities and currently accept clients from all over the world. This exchange is part of the Binance Group, which ensures a high standard of quality.

USA residents are prohibited.

Read our WazirX review or visit WazirX

What is Bitcoin Cash (BCH)?

Bitcoin Cash is an open-source, decentralized, cryptocurrency.  It was created in August of 2017, when a ‘hard fork’ of the Bitcoin (BTC) blockchain occurred.

What does it do?

Bitcoin Cash functions, primarily, as a digital currency.  The network leverages blockchain technology to facilitate and track transactions through use of a digital ledger.

When used appropriately, BCH allows for cheap (<1cent transaction fees avg.) and quick transfers of value to occur.  These transactions can take place between any network participants, regardless of geographical location.

How does Bitcoin Cash (BCH) work?

Bitcoin Cash is a cryptocurrency built on blockchain technology.  It utilizes a proof-of-work protocol in the same manner as BTC.  When comparing the two, the most notable difference is the approach to scalability.  While the BTC community has decided in favour of smaller block sizes, and developing second layer technologies, like the lightning network, the BCH community has decided that larger block sizes is the way forward.

Currently, average blocksizes on the BCH network are roughly 8mb, while they are roughly 1mb on BTC.

Projected Developments?

Moving forward, Bitcoin Cash has an extensive roadmap laid out.  Each pit stop on this roadmap is centered around the overarching goal of creating a globally used currency.

The following is an excerpt from bitcoincash.org, elaborating on how they will achieve this goal.

  • Enable Bitcoin Cash to scale from ~100 Tx/s to over 5,000,000 Tx/s. Protocol improvements must be made so that mass-parallelization can enable this level of transaction processing.
  • Improving the payment experience to ensure that it is instant and reliable. Transactions should be secure within three seconds.
  • Make Bitcoin Cash extensible. An extensible protocol makes future improvements less disruptive, and provides a solid base for businesses and developers to build on.

Underlying Ideology?

Those that believe in BCH often tout the blockchain as being closer to Satoshi Nakamoto’s original whitepaper than BTC itself.  As such, it would reason that the underlying ideology behind BCH is one and the same as BTC.  This means the goals of BCH would be as follows,

  • Inclusive
  • Stable
  • Free of government/banking manipulation

Acceptance and Controversies?

Leading up to August 2017, there was only Bitcoin (BTC).  At this time, a controversial change to Bitcoin’s source code was implemented – SegWit.  This change was meant to be an upgrade, allowing for faster and safer transactions to take place.  Not everyone agreed on this path moving forward though.  Others felt as though bigger data blocks, and faster block times, were the best way to achieve the same goal.

This divide between network participants resulted in a ‘hard fork’.  This, essentially, saw the creation of a new blockchain (BCH).  While both BCH and BTC share the same ledger up until that point in time, they are unique from that point forward.

This move was, and continues to be, viewed as quite divisive.  This is partly because many viewed the creation of BCH as simply being a way to ‘create money from nothing’, as the coins were distributed among BTC holders at the time.

While BCH has shown to have staying power, years later, there still remain many strongly for/against the coin.  Today, detractors primarily view BCH as trying to unjustly supplant BTC as the ‘go-to’ cryptocurrency, as BCH often touts itself as the original.

Regulation?

While few regulators have discussed BCH specifically, it is widely viewed as not being a security.  As no token sale took place, and the currency operates in a decentralized fashion, most categorize BCH in the same vein as BTC – a digital currency.

Daniel is a big proponent of how blockchain will eventually disrupt big finance. He breathes technology and lives to try new gadgets.