Nowadays most of the people know about Bitcoin. Most of them want to invest in it. Those who cannot afford Buying Bitcoin are searching and investing in the alternative of Bitcoin. They are known as Altcoins.
Surprisingly if you don’t know yet then I would like to inform you that there is another Bitcoin. Yes, you heard it correct. If you are Bitcoin lover and wants to invest in as exact same alternative in Bitcoin family only then you can invest in Bitcoin Cash.
In this post, we will see the best ways to Buy Bitcoin cash.
But before that for those who don’t know about Bitcoin cash yet, let us know first that
What is Bitcoin Cash ?
Bitcoin cash is originally a fork of Bitcoin. Bitcoin cash is originally a cryptocurrency. It was founded in August 2017. Bitcoin block size is more than Bitcoin.
As its origin Bitcoin cash has also gained a higher profit growth rate. On 23rd July 2017 the price per Bitcoin cash was $555.88 USD and in the month of December, it has reached the price of $3773.73 USD. Bitcoin cash has shown the world that they are also able to give profit to the traders like its origin “Bitcoin”.
Bitcoin cash is a peer-to-peer electronic cash system for the Internet. Therefor Bitcoin cash is fully decentralized. They are not regulated by any central banks or third party. The Blocksize of Bitcoin cash is 8 MB which is greater than Bitcoin. It won’t represents Segwit. You can adjust proof-of-work quicker than the old 2016 Block.
Why should I Buy Bitcoin cash ?
Bitcoin cash can be used for fast peer-to-peer transactions.
Worldwide payment system.
Low processing fees.
Transactions are quick.
One of the easiest ways to get Bitcoins.
Converting your cash to Bitcoin can get you Bitcoins within hours.
How to Buy Bitcoin cash (BCH) ?
The main important step is Get a Bitcoin cash wallet to store your Bitcoin cash safely. Don’t leave your Bitcoin cash in the exchange platforms wallet where you bought it.
Nowadays many famous wallet creator companies are supporting Bitcoin cash including Ledger Nano S and Trezor. These are the hardware wallet. If you wanna go for software wallet than you can try Exodus wallet.
After you create your wallet for storing Bitcoin cash find a Bitcoin cash exchange platform. Compare the trading fees between your choices of platforms. Check whether it supports your location or not.
Now do the exchange procedure for Bitcoin cash. In next steps, we will take some exchange platforms example to understand the procedure thoroughly.
When the transaction is complete transfer your Bitcoin cash to your wallet.
How can I buy Bitcoin cash using different platforms?
Let’s take the example of Coinswitch exchange platforms.
Now next step is to exchange this coin with Bitcoin cash. You can use any exchange platform like shapeshift, changelly, Kraken, bittrex or binance.
I will recommend you to go with changelly as buying process will not take more than 5 minutes.
you can use widget for exchange. for more any help you can read our post on changelly review.
What is the Best Wallet for Bitcoin Cash ?
Ledger Nano S: it is a hardware wallet. Ledger Nano S is the Most trustworthy wallet and currently storing worlds leading cryptocurrencies such as BTC, BCH, ETH, LTC, etc.
Trezor: Trezor is also a Hardware wallet. It keeps your cryptocurrency safe from hackers and Malware. Supports BTC, BCH, DOGE, DASH, etc.
KeepKey: Keepkey is a malware-proof hardware wallet and it supports BTC, BCH, NMR, ETH, LTC, etc.
So this is some simple way of buying bitcoin cash. I personally prefer to buy bitcoin cash from koinex. But nowadays there are some negative things are going on about koinex. So I am not recommending you to use koinex.
Exchange platform is best. But they the process are lengthy. You can also use coinswith. Binance is best option as buying bitcoins cash directly with USD ios possible. For that, you have to check our post on binanace.
If you like this post then share this on any social media and let other knows about this.
If you know any other method then let me know in comment section.
This is Mahesh Chaube, computer Engineer by Education and Crypto Blogger by Profession From Mumbai. Here at coinraja i write about money making and Reviews on Cryptocurrency Related Thing. I hope you are enjoying My post.