Bitcoin Cash (BCH) is a popular cryptocurrency that offers fast transactions and low fees. Whether you're a beginner or an experienced trader, this guide will walk you through the best methods to buy, trade, and securely store Bitcoin Cash.
Why Invest in Bitcoin Cash (BCH)?
Bitcoin Cash (BCH) is a decentralized digital currency designed for peer-to-peer transactions. It maintains Bitcoin's original vision while improving scalability. Investors choose BCH for:
- Fast transactions – Lower block times compared to Bitcoin (BTC).
- Low fees – Ideal for microtransactions and everyday payments.
- Strong community support – Backed by developers and merchants worldwide.
👉 Discover the best platforms to buy Bitcoin Cash
Best Ways to Buy Bitcoin Cash (BCH)
There are multiple ways to purchase Bitcoin Cash, each with its own advantages:
1. Centralized Exchanges (CEXs)
CEXs like MEXC offer a secure and beginner-friendly way to buy BCH.
Steps to Buy BCH on a CEX:
- Create an account – Sign up and complete KYC verification.
- Deposit funds – Use fiat (USD, EUR) or crypto (USDT, BTC).
- Search for BCH – Navigate to the trading section.
- Place an order – Choose market or limit orders.
Pros: High liquidity, ease of use, and advanced trading tools.
2. Decentralized Exchanges (DEXs)
DEXs allow non-custodial trading via smart contracts.
Steps to Buy BCH on a DEX:
- Connect a wallet (e.g., MetaMask, Trust Wallet).
- Swap tokens – Trade ETH or stablecoins for BCH.
- Pay gas fees – Required for Ethereum-based DEXs.
Pros: No middlemen, full asset control.
Cons: Higher complexity and slippage risks.
3. Peer-to-Peer (P2P) Trading
P2P platforms facilitate direct trades between buyers and sellers.
Steps for P2P Trading:
- Find a trusted seller – Check ratings and escrow options.
- Agree on payment method – Bank transfer, PayPal, etc.
- Complete the trade – Funds release upon confirmation.
Pros: Flexible payments, competitive rates.
Cons: Requires trust in counterparties.
👉 Explore P2P trading opportunities
Step-by-Step Guide to Buying Bitcoin Cash
Option 1: Spot Trading
- Sign up on a CEX (e.g., MEXC).
- Deposit USDT or fiat.
- Navigate to Spot Trading.
- Search for BCH/USDT pair.
- Buy at market or set a limit order.
Option 2: Credit/Debit Card Purchase
- Select "Buy Crypto" on the exchange.
- Enter card details.
- Choose BCH and amount.
- Confirm transaction.
Tip: Compare fees before purchasing.
Option 3: Bank Transfer
- Link your bank account.
- Transfer funds securely.
- Convert to BCH instantly.
Storing Your Bitcoin Cash (BCH)
After purchasing BCH, store it securely:
- Exchange Wallet – Convenient for trading (less secure).
- Hardware Wallet (Ledger, Trezor) – Best for long-term holding.
- Mobile Wallets (Trust Wallet, Exodus) – Easy access.
Trading Bitcoin Cash: Spot vs. Futures
- Spot Trading – Buy/sell BCH at current prices.
- Futures Trading – Speculate on price movements with leverage.
Risks: Futures carry higher volatility and liquidation risks.
Frequently Asked Questions (FAQs)
1. Is Bitcoin Cash (BCH) a good investment?
BCH suits those seeking fast, low-cost transactions. It’s widely accepted but faces competition from other altcoins.
2. What’s the minimum BCH purchase amount?
Depends on the exchange—some allow fractional purchases (e.g., 0.001 BCH).
3. Can I sell BCH for fiat?
Yes, via P2P or exchange withdrawals to linked bank accounts.
4. How do I secure my BCH?
Use hardware wallets and enable 2FA on exchanges.
5. Are there taxes on BCH transactions?
Tax regulations vary by country—consult a tax professional.
6. What’s the difference between BTC and BCH?
BCH has larger blocks (faster transactions), while BTC prioritizes security.
Final Thoughts
Buying Bitcoin Cash is simple with the right platform. Whether via CEXs, DEXs, or P2P, always prioritize security and research fees before trading.
👉 Start your Bitcoin Cash journey today