How to Buy Bitcoin Cash 2022? Our guide to safe & cheap BCH purchase!

John James
October 12, 2021
How to Buy Bitcoin Cash 2021? Do I want to hold or day trade Bitcoin Cash for the long term? How does a Bitcoin Cash wallet work?
How to Buy Bitcoin Cash 2021 Our guide to safe & cheap BCH purchase!
How to Buy Bitcoin Cash 2021?

Bitcoin Cash (BCH) is a spin-off from the Bitcoin blockchain that arose due to a so-called hard fork on August 1, 2017. The cryptocurrency achieved widespread use immediately after the hard fork.

Because: Every Bitcoin owner was instantly entitled to as much Bitcoin Cash as he owned Bitcoin. The background to the split was a dispute in the Bitcoin community over the size of the blocks. Bitcoin had gotten old. Investors wanted returns.

Buy Bitcoin Cash: What should you look out for to buy Bitcoin Cash cheaply & safely?

You should pay attention to this if you want to buy Bitcoin Cash so that nothing goes wrong:

  • Where is the best place to buy Bitcoin Cash? 
  • Do I want to hold or day trade Bitcoin Cash for the long term? That depends on your strategy.
  • How does a Bitcoin Cash wallet work? 
  • Is it worth investing in Bitcoin Cash? Bitcoin Cash is very interesting and has good prospects.

Table of Contents

Where to buy cheap Bitcoin Cash? Our broker and exchange comparison – buy Bitcoin Cash with the lowest fees:

Bitcoin Cash is available for purchase on various crypto exchanges. It is possible to buy Bitcoin Cash with a credit card or SEPA transfer. In the following sections, we will introduce you to various ways to get your very own BCH.

Below are the best options. Whether BCH can be bought directly or indirectly depends on the platform in question. Click on one of the providers if you want to receive more information about the platform.

How to buy Bitcoin Cash with Euro in South Africa? Buy Bitcoin Cash Guide for Beginners with ROinvesting:

Buy Bitcoin Cash: Numerous exchanges offer trading and shopping options for the cryptocurrency Bitcoin Cash. So that you can find a suitable broker or exchange, we will show you below where you can purchase Bitcoin Cash easily and on favourable terms.

Do you want to buy Bitcoin Cash with PayPal or Bank Transfer? Or do you want to buy Bitcoin Cash with a credit card? Almost all deposit methods are possible with our test winner ROinvesting. We’ll walk you through the process step by step.

ROinvesting

First step: Registration with a broker or a crypto exchange

First, you register with a broker or crypto exchange of your choice.

For our example, we have chosen ROinvesting because we can buy real Bitcoin Cash to hold and Bitcoin Cash CFDs to speculate here. 

First, click on the link to register for ROinvesting:

We fill out the registration form, accept the terms and conditions and click on ” Trade now “, then you will receive the activation link by email.

With a click on the link, you activate your ROinvesting account. The broker is now here for you.

Second step: top up your account

After successfully activating your profile, you have to make your deposit to buy Bitcoin Cash. To do this, click on the “Deposit money” button on ROinvesting:

Then you select the amount and the method of payment with which you want to deposit, and then click on the “Send” button. Now you can start trading!

Buy Bitcoin Cash with PayPal and more

In our example, we show the purchase with a credit card. ROinvesting also offers other deposit options :

Payment optionPossible?
Buy Bitcoin Cash with a credit card✔️
Buy Bitcoin Cash with PayPal✔️
Buy Bitcoin Cash with Rapid Transfer✔️
Buy Bitcoin Cash with Skrill✔️
Buy Bitcoin Cash with bank transfer✔️
Buy Bitcoin Cash with Neteller✔️
Buy Bitcoin Cash with UnionPay✔️

Third step: Buy Bitcoin Cash online with euros

Now we can buy Bitcoin Cash. To do this, click on the search above and enter “Bitcoin Cash” there.

Then we click on the “Trade” button :

The purchase window then opens. Here you have the following options:

  1. Buy or sell: In our case, we have to select “Buy.”
  2. Trade or orders: Here, we can choose whether we want to execute the trade immediately (trade) or with a delay (order).
  3. Amount: How much Bitcoin Cash do we want to buy?
  4. Stop Loss and Take Profit: At what loss or profit our position should automatically be sold?
  5. Leverage: With what leverage do we want to buy Bitcoin Cash? With leverage X1, we buy real Bitcoin Cash. With leverage X2, we buy leveraged Bitcoin Cash CFDs.

After configuring all options, click on the ” Open Trade ” button to complete the purchase.

Then we have Bitcoin Cash in our portfolio. The purchase is complete!

How to Buy Bitcoin Cash

Should you buy Bitcoin Cash or not? Our reasons for buying!

Before you invest in an altcoin, you should do your research well. Experienced investors pay attention to a variety of indicators: How resilient is the whitepaper of a coin? How convincing is the business model? Is it an inflationary or a deflationary currency?

Do the developers have enough experience to run a company? Which partner has a currency, and how relevant are these partners from the point of view of the declared business model? Is the currency often in the news, and if so, in what context?

These are all questions that can help you determine whether an investment is worthwhile or not.

With regard to Bitcoin Cash, the current reports and hard forks are of particular importance. The spin-off of Bitcoin SV and Bitcoin ABC may have permanently damaged Bitcoin Cash. Because the hard fork was extant only a relatively short time ago when our instructions were created, it is still too early to make a final assessment here.

History of Bitcoin Cash

Since the Bitcoin blocks are only 1 megabyte in size, Bitcoin has a scaling problem. No wonder: Bitcoin is a proud 10-year-old.

It runs out of breath at 15 transactions per second, and inquiries pour in non-stop. And so it comes to a traffic jam. As a result, transactions run much more slowly and at a higher cost.

Bitcoin Cash was created at the urging of investors such as Roger Keith Ver: BCH first changed the block size to 8 megabytes, and then even 32.

That is why transactions with Bitcoin Cash are not only much faster than with Bitcoin. They also bring in a lot more for the miners: because miners are rewarded for every transaction.

In the past, parts of the Bitcoin community had tried to split the Bitcoin blockchain using a hard fork, but without success. Bitcoin Cash succeeded where it failed.

But there is also disagreement in the Bitcoin Cash community. As a result, there are more hard forks. In November 2018, the Altcoins Bitcoin SV (BCHSV) and Bitcoin ABC (BCHABC) were created in the last one. Bitcoin Cash then lost volume.

Used as a means of payment

Bitcoin Cash, like Bitcoin, is a pure means of payment and as such has to prove itself over the long term against several strong competitors, especially against Bitcoin. Last but not least, also against Bitcoin SV and Bitcoin ABC.

The fact that Bitcoin Cash is more scalable than Bitcoin benefits the valuation of the cryptocurrency. However, Bitcoin only recently established a transaction method that largely eliminates the scalability problem with the lightning Network.

In the short term, an investment in Bitcoin Cash can be worthwhile if the market as a whole stabilises and gains momentum again. BCH would probably benefit from this.

First, however, it has to be shown what effects the hard fork and the resulting competing currencies Bitcoin SV and Bitcoin ABC have on investor confidence and thus the prices of Bitcoin Cash.

Bitcoin Cash is a risky investment at this point in time, which we would therefore advise against. On the other hand, CFD trading with ROinvesting can be worthwhile if you successfully bet on the right course.

How to Buy Bitcoin Cash

Buy or Sell Bitcoin Cash? Our advantages and disadvantages analysis:
  • Higher scalability than Bitcoin
  • Deflationary Currency
  • Lots of very strong competitors
  • Problems in the community
  • Not stabilised again after the last hard fork

Fees comparison when buying Bitcoin Cash:

To compare the fees when buying Bitcoin Cash, let’s take this example:

  • We buy Bitcoin Cash worth € 1,000
  • We want to hold Bitcoin Cash for a month and then sell it again
  • We assume that the course will not change in the 30 days

These are the fees at the largest crypto exchanges and brokers:

providersROinvestingcoinbasePlus500
DepositFree3.99%for free
Purchase feesFree1.49%3.08% *
Holding feesFreefor free0.05% *
Sales chargesSpreads1.49%3.08% *
Total feesReasonable€ 68.24€ 92.32

Bitcoin Cash course: Important moments in the Bitcoin Cash course

We show the most important moments in the past of the Bitcoin Cash Coin:

  1. 2017: Bitcoin Cash has its hard fork. It trades on an exchange for € 379 for the first time. After that, the price rises to € 612.
  2. December 2017: On December 21, 2017, Bitcoin Cash reached its all-time high of € 3,297 during the crypto bull run.
  3. May 2018: Bitcoin Cash tries to recover from a price slump when the bubble bursts and rises briefly by 200% to fall again. 
  4. December 2018: Bitcoin Cash hits its all-time low of € 70 during the crypto “winter”.
  5. June 2019: Bitcoin Cash rises to € 422 per coin in summer 2019 but drops again immediately.
  6. February 2020: During the Corona epidemic, Bitcoin Cash reaches a new low (€ 155 per coin) after the coin rose to € 437 in February.
  7. August 2020: In the current Bull Run, Bitcoin Cash stands at € 248 per coin.

Trade Bitcoin Cash with or without a wallet?

How to Buy Bitcoin Cash

In general, a wallet is always the safest place to keep your investments. If your coins and tokens are instead on an exchange, you can lose access to them – for example, if the exchange has to file for bankruptcy unexpectedly.

Using a wallet is not necessarily more complicated than using the common stock exchange platforms. A wallet is therefore recommended in any case. However, the use of a wallet is not mandatory for trading with Bitcoin Cash.

If you are free of fear, you can simply keep your BCH on account of one of your crypto exchanges, provided that the exchange supports this. At Coinbase, for example, this is possible.

Most wallets are not only available for Windows but also for Android and iOS. The particularly secure hardware wallets from TREZOR and Ledger can be an excellent addition to increase your security. Click here to compare the best Bitcoin Cash wallets. 

Buy BCH: the bottom line

Bitcoin Cash is the result of a dispute in the Bitcoin community. By splitting off from the Bitcoin network, Bitcoin Cash was created in a hard fork in 2017. Since then, the Bitcoin Cash community has been continually innovative.

Only recently, there was another hard fork. As a result, Bitcoin Cash lost considerable value. The cryptocurrencies Bitcoin SV, Bitcoin SV’s cryptocurrencies, and Bitcoin ABC emerged. Bitcoin Cash has to hold its own against a multitude of robust competitors. Investing in Bitcoin Cash is undoubtedly worth considering, especially for risk-averse investors.

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FAQs

You can basically differentiate between two forms of investment in Altcoins: speculating on prices via CFD brokers or buying a coin directly via a crypto exchange such as Coinbase. CFD trading is available for Bitcoin Cash with the brokers mentioned in the article. You can also buy Bitcoin Cash with a credit card or SEPA transfer on Coinbase, buy Bitcoin Cash with a credit card from CEX, or buy Bitcoin Cash with a credit card from LiteBit.eu.

Bitcoin Cash itself is secure, but bitcoin are only as secure as the wallet storing them. Like in any other investment, securing your Bitcoin Cash must be a priority. Your Bitcoin Cash are as secure as the wallet storing them.
At the current rate, you can purchase 1 Bitcoin Cash for around $650. Cryptocurrency exchange: Many exchanges will allow you to trade Bitcoin for Bitcoin Cash. You can also find peer-to-peer exchange platforms like LocalBitcoinCash.org to exchange different cryptocurrencies.
Another reason why is Bitcoin Cash so low is because of the poor working conditions of its miners. The economic throughput in the Bitcoin Cash network is at an all-time low. … Now, it can only handle less than 56,000 transactions, leading to lower revenues for its miners.

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