Bitcoin Cash (BCH) ranks as the 15th-largest cryptocurrency by market capitalization, currently valued at $10.16 billion**. Known for its volatility, BCH has experienced significant price swings, such as its current trading price of **$511.39 (down from $522.16 the previous day). Over the past year, Bitcoin Cash’s price has surged by 34%.
Before investing, understand the unique risks associated with BCH, including its legal and tax implications in the US. Ready to proceed? Follow this guide to buy Bitcoin Cash securely.
How to Buy Bitcoin Cash in 5 Simple Steps
The process takes under 15 minutes and requires:
- A smartphone or computer
- An internet connection
- Photo ID
- A payment method (bank/card/crypto)
1. Compare Crypto Exchanges
Choose a reputable exchange based on fees, ease of use, and security. Popular options include Coinbase, Binance, and Kraken.
2. Create an Account
Verify your email and identity using a photo ID and phone number.
3. Deposit Funds
Fund your account via:
- Bank transfer (low fees)
- Credit/debit card (instant but higher fees)
- Cryptocurrency transfer
👉 Compare top exchanges for BCH trading
4. Buy Bitcoin Cash
Navigate to the BCH/USD trading pair, enter your amount, and click Buy.
5. Secure Your BCH
Withdraw to a private wallet (e.g., Ledger, Trezor) for enhanced security against exchange risks.
Where to Buy Bitcoin Cash
| Exchange | Fees | Fiat Deposits | Rating |
|----------|------|--------------|--------|
| Coinbase | 1.49% | Yes ★★★★☆ |
| Binance | 0.10% | Yes ★★★★★ |
| Kraken | 0.26% | Yes ★★★★☆ |
What Is Bitcoin Cash?
Bitcoin Cash (BCH) is a fork of Bitcoin (BTC), created in 2017 to address scalability issues. Key differences:
- Block size: BCH uses 32MB blocks (vs. BTC’s 1MB), enabling faster/cheaper transactions.
- Adoption: BCH is accepted by major retailers like Bitpay and Coinbase Commerce.
FAQs
1. Is Bitcoin Cash a Good Investment?
BCH is high-risk due to volatility and competition with BTC. Research market trends and adoption rates before buying.
2. What’s the Easiest Way to Buy BCH?
Use an exchange’s instant buy feature (e.g., Coinbase) for fixed-price purchases.
3. How Do I Store Bitcoin Cash Safely?
Opt for a hardware wallet (e.g., Ledger Nano X) or a non-custodial software wallet (e.g., Trust Wallet).
👉 Best wallets for BCH storage
Today’s Bitcoin Cash Price vs. All-Time High (ATH)
- Current Price: $511.39
- ATH: $3,785.82 (Dec 20, 2017)
- % of ATH: ~13.5%
How to Sell or Trade BCH
- Log in to your exchange.
- Select Sell/Convert and enter your BCH amount.
- Confirm the transaction and transfer funds to your wallet.
Disclaimer: Cryptocurrencies are speculative and volatile. Past performance ≠ future results. Consult a financial advisor before investing.