How to Buy Bitcoin Cash (BCH)
Bitcoin Cash was created when users elected to run an alternative version of the software with features that were no longer compatible with Bitcoin. This effectively split Bitcoin into two seperate blockchains (Bitcoin and Bitcoin Cash) and two separate assets (BTC and BCH).
At the time of the fork, everyone who owned BTC was awarded Bitcoin BCH.
So, if you missed out on the launch (or are simply seeking to diversify your portfolio), you’ve come to the right place. We’ve put together this guide to quickly (and easily!) walk you through how to buy bitcoin cash for the very first time.
Ready to dive in?
If you’re a more advanced trader and are ready to make a purchase, then skip this article and buy BCH
Why buy BCH?
Proponents of Bitcoin Cash believe that by lowering transaction costs, the cryptocurrency can gain market share in a wider variety of consumer finance and payments use cases.
Users of BCH may find their transactions are approved more quickly, with lower fees. However, users should note the costs of operating a node and storing the full version of the Bitcoin Cash transaction history may be higher.
Other reasons you may want to buy BCH
- Pay for goods and services
- Build a long-term crypto trading strategy
- Send money to friends and family
- Time the market to go after short-term profits
Where can you buy BCH?
- 加密货币 ATM 机
您可以尝试在您附近查找一个提供 BCH 的加密货币 ATM 机。然而，ATM机的利率可能会过高，而且也无法保证您能找到一个对应方进行交易。
购买比特币现金最简单的方法是通过数字资产交易所，例如 Kraken。您可以用其他加密货币如比特币和以太坊來換取 BCH，或也可以使用当地的法定货币 來购买 BCH。
How much BCH can I buy?
Looking to buy BCH on a budget? Don’t worry, Kraken offers a minimum order size of 0.02 BCH to help you gain exposure to a variety of assets.
Of course, you can also execute larger BCH buy orders as well. It wouldn’t be out of the ordinary for larger traders to purchase or trade 300 BCH or more on Kraken.
Buy bitcoin cash safely and easily with the following steps:
With “Starter” verification, you can purchase bitcoin cash with other cryptocurrencies. All you need to do is provide your name, date of birth, country and phone number. If you’d like to use fiat currencies, like USD or EUR, you’ll need to further provide some supporting documents confirming your identity. Click this link to learn more about our verification levels.
Fund your account with crypto or fiat
Depositing crypto to Kraken is as simple as sending it to a friend. Just generate a new deposit address in your Kraken account to receive funds from your crypto wallet. Funding your account with fiat currencies for trading can be done in a number of ways, including SWIFT, SEPA and domestic wire transfers. The option you select will be based on your location and preference.
Once your account is funded, you’re ready to buy your first BCH. Simply open the New Order page, fill out the order form and click BUY. All Kraken accounts of any tier level have access to our custom charting tools and 24-hour client support.
24/7/365 Customer Support
Trading is really pretty simple! If you have any questions about buying bitcoin cash, let us know. Our support staff is online all day, every day, ready to help.
You can reach us anytime on LiveChat or by email.
Where to keep your BCH
Once you’re done buying BCH, you should look for a way to secure it. The best way to do this is with a wallet. A wallet is a device or software application that stores your crypto but also allows you to spend it.
Mobile and web-based wallets make frequent transactions easy. Hardware wallets are best suited for secure, long-term storage. When you’re choosing a crypto wallet, think of what you plan to do with your tokens. What you choose is up to you, and it will depend on your individual preferences regarding security vs. ease of use.
Kraken is not a wallet service
Start buying BCH