How to Buy Bitcoin Cash

Bitcoin Cash (BCH) cryptocurrency ranks at 18 place by capitalization. It’s 13 June 2024 on $8,822,256,999 year. Circulating supply: 19,718,869. Maximum supply – 21,000,000. The price of BCH for today – $447.40 with trading volume of $273,926,716 for 24 hours. The maximum price of Bitcoin Cash was registered on 20 December 2017 year and was – $3,785.82. The lowest price of BCH, $76.93, was registered on 16 December 2018.
Bitcoin Cash (BCH)
$447.40 -2.22% ↓
24h price change
-9.98 $
Capitalization
$8,822,256,999
24h trading volume
$273,926,716
on the official website

How to Buy Bitcoin Cash Price in USD: Convert to US Dollar

BCH
Bitcoin CashBCHBitcoin Cash
BitcoinBTCBitcoin
EthereumETHEthereum
TetherUSDTTether
BNBBNBBNB
SolanaSOLSolana
Lido Staked EtherSTETHLido Staked Ether
USDCUSDCUSDC
XRPXRPXRP
DogecoinDOGEDogecoin
ToncoinTONToncoin
CardanoADACardano
Shiba InuSHIBShiba Inu
AvalancheAVAXAvalanche
Wrapped BitcoinWBTCWrapped Bitcoin
TRONTRXTRON
ChainlinkLINKChainlink
PolkadotDOTPolkadot
UniswapUNIUniswap
NEAR ProtocolNEARNEAR Protocol
US Dollar
USD
US DollarUSDUS Dollar
/wp-content/themes/tgd/assets/images/content/flag_eu.svgEUREuro
/wp-content/themes/tgd/assets/images/content/flag_ru.svgRUBRussian Ruble
/wp-content/themes/tgd/assets/images/content/flag_ua.svgUAHUkrainian hryvnia
/wp-content/themes/tgd/assets/images/content/flag_pl.svgPLNPolish zloty
/wp-content/themes/tgd/assets/images/content/flag_gb.svgGBPPound sterling
/wp-content/themes/tgd/assets/images/content/flag_jp.svgJPYJapanese yen
/wp-content/themes/tgd/assets/images/content/flag_ch.svgCHFSwiss Franc
/wp-content/themes/tgd/assets/images/content/flag_cn.svgCNYChinese Yuan
/wp-content/themes/tgd/assets/images/content/flag_tr.svgTRYTurkish Lira
on the official website
Data updated 6/12/2024

    Although Bitcoin (BTC) remains the most popular cryptocurrency, it has two significant drawbacks: low transaction speed and high commissions. The developers of Bitcoin Cash (BCH) tried to solve these problems in their project.

    Next, we will consider what Bitcoin Cash cryptocurrency is, its distinctive characteristics and the main ways of buying.

    How to buy Bitcoin Cash
    Bitcoin Cash logo

    What is Bitcoin Cash

    The Bitcoin Cash coin was created in 2017 and is a fork of the Bitcoin blockchain.

    Forks are updates to the blockchain software protocol. A fork is a way to reach consensus on new changes in the community. If part of the community accepts the update and another part does not, the project may split into two. One part of the participants will work according to the new rules, the other according to the old ones, making certain changes.

    The hard fork of the Bitcoin blockchain was occured due to disagreements in the community about network scaling. Some participants in this dispute wanted to increase the block size, while others opposed such changes. Subsequently, those who wanted to increase the block size followed the Bitcoin Cash fork, while the opponents of the change remained on the main Bitcoin network.

    The BTC network limits the block size to 1 megabyte (MB), processing up to 7 transactions per second. In Bitcoin Cash, the block size was first increased to 8 MB and then to 32 MB. This affected the speed of transaction processing: it can reach up to 100 per second, which is much higher than in Satoshi Nakamoto’s original blockchain.

    Bitcoin home page Cash
    Bitcoin Cash homepage

    Bitcoin Cash has the same Proof of Work consensus mechanism as the original Bitcoin network. Both have a block completion time target of 10 minutes and a maximum coin supply of 21 million.

    Where is the best place to buy Bitcoin Cash

    There are many ways to buy Bitcoin Cash. You can buy it through:

    Despite the many ways to buy Bitcoin Cash, it is most profitable to buy a coin on cryptocurrency exchanges. This is because exchanges provide the following conditions: the best exchange rate, high liquidity, many payment methods, the possibility to buy cryptocurrency from a card.

    Instructions for buying Bitcoin Cash

    Step-by-step instructions for buying Bitcoin Cash include several steps, presented below.

    Decide on the level of risk

    Investing in cryptocurrency is always a risk: you can not only make a profit, but also lose all the money invested. This is due to the high volatility of the crypto market. Therefore, you need to adhere to the rule of not buying cryptocurrency with the last money and not investing funds that you cannot afford to lose.

    Choose a crypto exchange

    The next step is to choose a cryptocurrency exchange. To decide on a trading platform, you should study the working conditions: balance replenishment methods, commissions and limits on deposit and withdrawal, user reviews and other parameters.

    The Editors’ Choice for buying Bitcoin Cash is Binance exchange. This choice is provided by:

    • Speed: Binance can process up to 1,400,000 orders per second;
    • Convenience: Trading crypto assets with Binance is quite simple. It only takes a few steps to buy Bitcoin Cash instantly;
    • Security and reliability: the exchange is trusted by millions of users around the world;
    • Liquidity: the highest liquidity and largest volumes for many trading pairs.

    You can also buy BCH on other exchanges. Reliable options can be found in the table:

    Exchange
    Website
    BTC trading volume, 24h
    1Binance
    Binance
    BTC trading volume, 24h
    365.66
    2WhiteBIT
    WhiteBIT
    BTC trading volume, 24h
    344.19
    3HTX
    HTX
    BTC trading volume, 24h
    308.75
    4OKX
    OKX
    BTC trading volume, 24h
    155.89
    5Gate.io
    Gate.io
    BTC trading volume, 24h
    124.39

    Register an account

    To buy Bitcoin Cash, we chose Binance exchange although you can choose any trading platform. Creating an account on Binance consists of the following steps:

    1. Open Binance official site;
    2. Click on Register in the top right corner;
      Begin registration on Binance
      Starting of registration on Binance
    3. Select a country of residence and click Create Personal Account;
      Create a personal account
      Creating a personal account
    4. Enter email address, create strong password, click Next;
      Account Details
      Account details
    5. Verify email and phone number. To do this, enter the activation code which will be sent to e-mail, and then the code received on the phone.

    After that, an account on Binance will be created, and you can start working with the exchange.

    Detailed instructions on registration process can be found in the article: Binance exchange review.

    Top up your account

    Account replenishment methods may vary depending on the exchange. So it is important to check in which pairs the coin is traded. On Binance, BCH is traded in tandem with EUR, so we will transfer this currency on the exchange. The replenishment procedure consists of several steps:

    1. Click Wallet in the upper right corner of your personal account → select Fiat and Spot;
    2. Specify EUR as deposit currency and select Deposit;
      Start top up deposit at fiat currency
      Depositing in fiat currency
    3. Specify payment method, for example, bank card → click Continue;
      EUR top-up
      EUR deposit
    4. Enter amount and card details → make a transfer;
    5. Check up your account on money presence.

    Buy Bitcoin Cash (BCH)

    We will buy Bitcoin Cash for euros on the spot market. For this:

    1. Activate the tab Trade → Spot;
      Spot market trading Binance
      Trading on the Binance spot market
    2. Select the trading pair BCH/EUR;
      Select trading pair
      Selecting a trading pair
    3. Specify the order type, for example, Market;
    4. Enter the amount for EUR to buy BCH with;
    5. Click Buy BCH.
    Buying BCH
    Buying BCH

    How to sell Bitcoin Cash

    Selling BCH looks the same way as buying, except that we fill out the forms above the red Sell BCH button.

    Selling BCH
    Selling BCH

    Where to store BCH

    BCH is supported by a variety of wallets, including software, hardware, mobile, and exchange-provided wallets.

    If the user plans to actively trade and needs quick access to funds, it is better to choose the “hot” type of crypto wallet. However, you need to remember that such vaults are constantly connected to the network and, in order to secure your funds, you should not forget about security measures (two-factor authentication, complex password, etc.). Reliable “hot” wallets:

    Trust Wallet — mobile, multicurrency, the official wallet of the Binance crypto exchange;
    Atomic Wallet — desktop, mobile wallet with atomic swap functionality;
    Exodus is a versatile desktop and mobile multicurrency wallet.

    Hot” crypto wallets
    Hot crypto wallets

    If you do not plan to make daily transactions, and the wallet will be used for long-term storage, then we advise you to give preference to a hardware cold wallet.

    “Cold” wallets provide more secure to funds because they do not have constant access to the Internet and store the user’s private keys offline. Popular hardware crypto wallets: Leger and Trezor. They support a large number of blockchains and have built-in security features. But keep in mind that all hardware wallets are paid.

    Hardware wallets
    Hardware wallets

    How to withdraw Bitcoin Cash to my wallet?

    Let’s see how to withdraw BCH coins from the Binance exchange to Exodus wallet:

    1. Open your Binance account;
    2. Select Wallet → Fiat and Spot;
      Begin withdrawal from exchange
      Starting of withdrawal from exchange
    3. Select BCH and click Withdraw;
      Select coin
      Coin selection
    4. Specify the transaction network, for example, BSC;
      Network selection
      Network selection
    5. Get wallet address to transfer coins: to do this, open a crypto wallet where coins will be withdrawn, for example, Exodus;
    6. Select BCH in wallet;
      BCH coin in Exodus
      BCH coin in Exodus
    7. Click the Receive tab, then the system will display address and QR-code;
      Exodus BCH address
      Exodus BCH address
    8. Copy this address and paste it in the Address line in the withdrawal form on the exchange → confirm the transaction;
      Output Details
      Output details
    9. Check for cryptocurrencies in the wallet after the transaction is completed.

    FAQ

    How to buy Bitcoin Cash?
    The best to buy BCH is on an exchange. For this:

    1. Pass registration and verification (if required);
    2. Top up your account;
    3. Open spot terminal;
    4. Specify a trading pair, for example, BCH/EUR;
    5. Select order type, e.g. Market;
    6. Enter amount to buy;
    7. Click Buy BCH.

    Where can I buy Bitcoin Cash?
    Bitcoin Cash cryptocurrency can be bought in different ways: on crypto exchange, through electronic payment systems, etc. Despite the variety of services for buying, it is best to buy cryptocurrency on the stock exchange: there is always a better exchange rate, high liquidity, different payment methods, an option to buy crypto from a card for fiat, etc. You can use well-established marketplaces: Binance, OKX, ByBit.
    What is the difference between Bitcoin (BTC) and Bitcoin Cash (BCH)?
    Because Bitcoin Cash was originally created to solve the BTC scaling problem, the main difference is the increased block size. As a result, we have higher transaction confirmation speed and lower fees. Other differences between the coins are presented in the table.

    Ticker BTC BCH
    Start launch 2009 2017
    Founder Satoshi Nakamoto Bitcoin Unlimited
    Block size 1MB 32MB
    Scalability solution SegWit, Lightning Network Increased block size

    When is the best time to buy Bitcoin Cash (BCH)?
    The best time to buy will allow you to determine technical and fundamental analysis, but this requires certain skills. For a beginner, this can be complex. Therefore, the easiest way to go is to get acquainted with the project technical document, the opinions of leading traders and analysts regarding the best time to enter the market.
    Was this article helpful?
    Thanks for your opinion!
    Your opinion is important for us
    Voted: 103
    98% Yes
    No 2%
    Agatha Redich
    Agatha Redich
    Articles author, editor
    Articles author and website editor. Works with texts for over 12 years. Among Agatha’s clients: Rossman, Zara, Bosch, ING Bank, Lexus and others. Crypto journalist since 2018. She wrote more than a hundred articles about cryptocurrencies and the crypto market. Agatha's professional credo is to reveal complex topics in an accessible and simple way.
    Read more
    Emil Rabin
    Emil Rabin
    Site expert
    Cryptocurrency expert and financial analyst. Emil has working experience in Bain and KPMG, collaborated with PayPal and Revolut, organized more than 30 educational events about blockchain and cryptocurrencies in Eastern Europe. An expert of the TGDRatings.com portal since 2022.
    Read more

    Comments (0)

    Add a comment to the article

    Other users will see your name. Your email won’t be shown.
    Clicking the button “Leave a comment” I give my consent to the processing of personal data and agreed with privacy policy.
    Your comment sent successfully!
    Now it’s on moderation and will be published after checking by our specialists.