Where and how to buy Bitcoin Cash
Step-by-step guide
Step 1: Create a Bitget account.
Step 2: Complete Bitget's identity verification.
Step 3: Place a Bitcoin Cash order through any of the various payment options provided.
Credit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget website
Add a new card to complete your payment on the Bitget app
Enter your bank card details to complete your payment on the Bitget website
Step 4:Monitor Bitcoin Cash in your Bitget spot account
Alternative methods to obtain Bitcoin Cash
Convert crypto to Bitcoin Cash with Bitget Convert
Swap on-chain assets to Bitcoin Cash with Bitget Swap
Methods to obtain Bitcoin Cash for free
Buy other cryptos
Buy Bitcoin Cash in a different country
How to buy Bitcoin Cash in other countries?
What can you do with Bitcoin Cash?
Store/Hold Bitcoin Cash
Many users hold on to their Bitcoin Cash with the expectation of it increasing in value. You can store your BCH safely on your Bitget account or on our crypto wallet app BG Wallet, the most user-friendly and secure mobile wallet.
Trade Bitcoin Cash
You can trade Bitcoin Cash for 150+ cryptocurrencies on Bitget’s industry-leading, fast, and secure trading platform. Bitget offers many trading pairs for Bitcoin Cash trading to meet your needs.
Send Bitcoin Cash
Yes, Bitget allows you to easily transfer value around the world, fast. You can buy Bitcoin Cash online and send to anyone and anywhere with their Bitcoin Cash address.
Spend Bitcoin Cash
You can also buy goods and services with your Bitcoin Cash. More and more vendors and retailers accept Bitcoin Cash every day.
Donate Bitcoin Cash
Bitget Charity accepts Bitcoin Cash donations for global projects that aim to improve the lives of people in the bottom billion. You can donate Bitcoin Cash so no one misses out on the growth made possible by blockchain.
Learn More About Bitcoin Cash
You can read more in-depth articles on Bitcoin Cash from Bitget Research and study how cryptocurrencies like Bitcoin Cash work on Bitget Academy
Market stats to assist in determining optimal times for purchasing Bitcoin Cash
What Is Bitcoin Cash (BCH)?
Bitcoin, despite being the first and most widely-adopted cryptocurrency in the world, has serious limitations regarding speed, transaction fee, and scalability. People have come up with many creative ways to remedy the disadvantages of Bitcoin, one of which is changing the rules of the Bitcoin blockchain to allow for better processing speed.
Bitcoin Cash was created based on that idea in 2017. Originally, the proposal to increase Bitcoin's block size to improve on the network's performance was put forward. However, the majority of nodes voted against that change, so a hard fork was born as a result and Bitcoin Cash came to be as a separate ledger from Bitcoin at block number 478,558 on August 1, 2017 - two chains, same origin.
Since Bitcoin Cash is a hard fork of Bitcoin, when it was born, Bitcoin holders received the same amount of Bitcoin Cash to their wallets. Though Bitcoin Cash aims to replace the dominance of Bitcoin completely, it fails miserably, largely due to the transaction speed and low fee that it boasts. Nonetheless, since its inception, Bitcoin Cash has maintained its position as one of the most popular cryptocurrencies.
How Bitcoin Cash (BCH) Works
Bitcoin Cash, being Bitcoin's hard fork, technically works in the same way as its predecessor. It is a public decentralized digital ledger that implements the Proof-of-Work consensus mechanism, uses nodes to validate transactions, and has a total supply of 21 million tokens. Miners of Bitcoin Cash also receive the native tokens as reward for solving cryptographic questions and adding transactions to the blockchain. BCH, the token of Bitcoin Cash, is listed on many exchanges and can be freely traded just like Bitcoin.
On the other hand, while Bitcoin has 1MB in each block and can only process about seven transactions per second, Bitcoin Cash boasts 32MB per block and enables more than a hundred transactions to go through in one second. Bigger block size and faster transaction speed leads to another advantage of Bitcoin Cash, that is lower fee. In fact, a transaction on Bitcoin Cash mostly takes less than a penny in fee, drastically contrasting the sky-high USD 60 fee of the Bitcoin network.
Faster and cheaper are synonymous to better accessibility in the world of crypto.
Despite the aforementioned advantages, Bitcoin Cash does have its own shortcomings. The main one is the doubt against the security of the network. Critics of Bitcoin Cash say that the reason why it takes less time and fee for transactions to complete on Bitcoin Cash is because the network requires less mining, and thus it is considered less secure than Bitcoin.
How Many BCH Tokens Are There In Circulation/Supply?
Other than the bigger block size, Bitcoin Cash BCH shares the same properties and characters with Bitcoin. BCH has a total supply of 21 million tokens, is used to reward miners for their computing power, and has its periodical halving events.
Total Supply: 21,000,000 BCH
Max Supply: 21,000,000 BCH
Circulating Supply: 19,177,812.50 BCH
How to Buy Bitcoin Cash (BCH)
Consider investing in Bitcoin Cash (BCH)? It only takes 2 minutes to create an account on Bitget and start trading BCH.
Check out the available BCH trading pairs on Bitget!
Futures market
Spot market
Bitcoin Cash Resources
How to safely store your Bitcoin Cash
- Sign up and transfer BCH to your Bitget account.
- Alternatively, use Bitget Wallet as a self-custody solution for your BCH.
How to withdraw Bitcoin Cash with Bitget's hassle-free withdrawal process
BCH to local currency
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