How to Buy Bitcoin Cash – Complete Guide

By now, you’ll have heard of Bitcoin (BTC). However, what you probably didn’t know is that the original blockchain has been divided a number of times. Thanks to one of these splits, Bitcoin Cash (BCH) has become a rising star in the crypto world. Formed in 2017 after developers wanted to improve on BTC, Bitcoin Cash is now making a play to usurp its older brother. With that in mind, we’ve compiled a quick guide on how to buy BCH. Using our expertise, we’ve not only broken down the buying process, but highlighted the best places to buy Bitcoin Cash. So, if you’re ready to invest in BCH, let’s go…

5 Quick Steps to Decide Where to Buy BCH

  1. Read our reviews to find the best exchange or broker .
  2. Use our registration links.
  3. Register and verify your account.
  4. Make a deposit using a valid payment option.
  5. Buy Bitcoin Cash in a secure way.

Plus500
Key Features
CFDs on BTC, ETH, LTC, NEO, XRP, IOTA, EOS, BAB, ADA, TRX, XMR
No need to open a crypto exchange account or use a special wallet
Regulated Broker - FCA, ASIC, CySEC (license number 250/14)
Min Deposit
$100
Start Trading View key features
Key Features
CFDs on BTC, ETH, LTC, NEO, XRP, IOTA, EOS, BAB, ADA, TRX, XMR
No need to open a crypto exchange account or use a special wallet
Regulated Broker - FCA, ASIC, CySEC (license number 250/14)
Top Coins
  • ADA
  • AXS
  • BCHA
  • BTC
  • CRYPTO
Payment Methods
American Express, Apple Pay, Bank Transfer, Credit Card, Debit Card, Discover, Google Pay, Mastercard, PayPal, SEPA, Trustly, Visa, , skrill
Plus500 is a leading provider of Contracts for Difference (CFDs), delivering Leveraged trading on +2,000 financial instruments, including Forex, Commodities, Indices, Shares, Options and Cryptocurrencies. CySEC license number (#250/14)
eToro
Key Features
Up to $240 bonus!
Build a diversified portfolio with crypto, stocks, and ETFs — all in one place.
Trade on the world's leading social trading and investing platform
Min Deposit
$100
Start Trading View key features
Key Features
Up to $240 bonus!
Build a diversified portfolio with crypto, stocks, and ETFs — all in one place.
Trade on the world's leading social trading and investing platform
Top Coins
  • 1INCH
  • AAVE
  • AAVE
  • ABY
  • ADA
Payment Methods
Bank Transfer, Credit Card, Debit Card, PayPal, Wire Transfer
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Bitstamp
Key Features
Offers an intuitive and easy-to-navigate platform, making it accessible for both novice and experienced traders
Global audience, providing various deposit options and allowing users to cash out directly to their bank accounts
Cold storage for funds and two-factor authentication to ensure the safety of users’ assets
Min Deposit
$10
Start Trading View key features
Key Features
Offers an intuitive and easy-to-navigate platform, making it accessible for both novice and experienced traders
Global audience, providing various deposit options and allowing users to cash out directly to their bank accounts
Cold storage for funds and two-factor authentication to ensure the safety of users’ assets
Top Coins
  • AAVE
  • ADA
  • ALGO
  • ALPHA
  • AMP
Payment Methods
Apple Pay, Bank Transfer, Credit Card, Cryptocurrencies, Debit Card, Google Pay, SEPA
Bitstamp, established in 2011, is a pioneer in the cryptocurrency exchange world, offering a secure and straightforward platform for trading a variety of digital currencies. It’s known for its user-friendly design, robust security measures, and global reach, making it a preferred choice for crypto traders worldwide.

Why Buy Bitcoin Cash Now?

Why buy BCH right now? If you check out the price of Bitcoin Cash, you’ll see that it’s roughly 10x lower than Bitcoin. So, that could be a good reason. However, even at that level, a BCH coin is still around $500. Therefore, buying Bitcoin Cash is fairly expensive compared to a token like XRP or DASH.

The good thing, however, is that this currency has already done better than similar offshoots. For example, Ethereum Classic, which forked from Ethereum in 2016, is worth a lot less than BCH. The same could be said for Bitcoin Gold and Bitcoin Black. Basically, of all the projects that have emerged from an existing blockchain, Bitcoin Cash is the top performer.

OK, that’s great, but why buy Bitcoin Cash outside of this reason? Well, BCH is currently more efficient than Bitcoin. By increasing the block size to allow for more transactions per minute, Bitcoin Cash is more useful for mainstream consumers. This means it has a greater utility than Bitcoin which, in our opinion, gives it a true long-term value.

What is the Best Site to Buy BCH?

OK, we’ve answered the question “why buy Bitcoin Cash,” so the next question to address is: “where can I buy Bitcoin Cash?”. Our list of recommended crypto exchanges features a host of high-quality crypto brokers and exchanges. However, there is always a hierarchy and we’ve reviewed each one to find the best of the best.

If there’s one breakdown worth reading, it’s our eToro review. Unlike traditional cryptocurrency exchanges, eToro doesn’t allow you to buy the underlying asset. Instead, you can buy contracts for difference (CFDs). These virtual contracts allow you to say: “I’m buying BCH at this price and I’m going to sell it at a different price.” The “difference” is the thing that determines how much you make or lose. The benefit of buying Bitcoin Cash CFDs is that you speculate on the price of the asset increasing or decreasing. In other words, it’s the price shift that matters.

This type of flexibility is only available at eToro and another broker site, ForexTB. If you read our overview of ForexTB, you’ll see that it also offers CFD trading and, like eToro, is regulated by regulated financial authorities.

Of course, if that doesn’t suit and you’d prefer to own BCH coins, you can use a crypto exchange. The best exchange to buy BCH is Binance. As per our Binance review, this site was founded in 2017 and now offers secure trading on dozens of cryptos.

Site eToro ForexTB Binance
Coins Offered BCH, BTC, ETH, XRP, ADA BCH, BTC, ETH, XRP, LTC, DASH BCH, ETH, BTC, LTC and many more
Advantages
  • Regulated by CySEC and FSA.
  • Make money when prices rise or fall.
  • Follow experts.
  • Trade multiple assets.
  • Fully regulated.
  • Easy to use.
  • Funded by crypto.
  • Great liquidity.
  • Dozens of cryptos.
Disadvantages
  • Unavailable in US and CAN.
  • Minimum deposit is high.
  • Withdrawals cost $25.
  • Not available in the US.
  • Minimum deposit is £250.
  • Not a crypto exchange.
  • Fees can be high.
  • Need a wallet.
  • Only deposit using cryptos.

How to Use the Top Bitcoin Cash Brokers

We’ve covered the why and where to buy Bitcoin Cash. To break it down even further, here’s a quick overview of the how…

eToro: By using our secure eToro sign-up link, you can create an account at eToro and make your first deposit (must be at least $1,000). After crediting your account, it’s time to make a trade. For more on how to trade BCH, use our step-by-step eToro buying guide.

Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro. Your capital is at risk.

ForexTB: After singing up to ForexTB, you’ll need to verify your identity before you can make a deposit (at least £2500 using Visa, MasterCard, Skrill or bank transfer. With funds in your account, follow the steps listed in our ForexTB buying guide to execute a trade.

Binance: Being an exchange, buying Bitcoin Cash at Binance is easy. After creating an account, you’ll need to make a deposit. Because Binance doesn’t accept fiat deposits, you’ll need to transfer a crypto such as Bitcoin to your account from another source such as Coinbase. Once you’ve done that, choose BCH from the list of cryptos, input how many coins you want to buy and complete the trade. For more on how to buy BCH via Binance, check out our step-by-step breakdown.

Our Expert Opinion: Invest in BCH Using eToro

If you’re still unsure why we’ve picked the eToro platform as the best place to buy Bitcoin Cash, here are a few more reasons:

  • Regulated by CySEC and FCA.
  • Buy CFDs and speculate on the price of BCH going up or down.
  • Make deposits using Visa, MasterCard and PayPal.
  • Used by six million people.
  • User-friendly interface.
  • Trades executed instantly.

Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro. Your capital is at risk.

Buying BCH: Payment Methods

As we’ve said, Binance is a crypto-only exchange. This means you’ll have to trade a crypto for another crypto. If you’re a novice, this can be complicated at first. To make things easier, you can buy Bitcoin Cash via eToro using your own currency:

Credit/Debit Card

  1. Join eToro and select the deposit now option.
  2. Choose “credit/debit card” and input your card details.
  3. Make a fee-free deposit at least $1,000.
  4. Search for BCH and execute a trade.

Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro. Your capital is at risk.

PayPal

  1. Follow steps 1 and 2 above.
  2. Deposit at least $1,000.
  3. Login to PayPal.
  4. Use your available funds or draw money from your bank.
  5. Confirm the transaction and wait for the software to take you back to eToro.

How to Buy Bitcoin Cash in Your Country

It’s not always possible to buy Bitcoin Cash. Due to international laws, you may find that buying BCH or any other cryptocurrency is illegal. For example, in the UK and US, digital currencies are accepted by the respective governments. In contrast, Egypt, Morocco and Colombia have outlawed cryptos. As an investor, it’s important to understand the rules that apply to your country because buying Bitcoin Cash.

The BCH price has steadily declined since its peak

How to Store Your BCH in a Wallet

When it comes to storing your BCH coins, you have two options. If you use eToro, you don’t own any coins. Therefore, you don’t need a separate storage place. However, if you use an exchange to buy Bitcoin Cash (i.e. Binance), you’ll need a wallet. The reason you need a wallet is that it’s not a good idea to hold large sums of money inside an exchange. For more on this, check out our guide to storing digital coins. As a general guide, BCH can be stored in online and offline crypto wallets such as Airbitz, Exodus, Ledger Nano S and Trezor.

Other Ways to Get BCH

To get Bitcoin cash for free, you can mine it. However, as you’ll see inside our crypto mining guide, this is only something you should tackle if you’re well-versed in cryptocurrencies. Assuming that’s you, you’ll need the following…

Mining

  1. An ASIC miner. This is a special computer built specifically for mining.
  2. A Bitcoin Cash wallet.
  3. Bitcoin mining software such as CGminer or BFGminer.
  4. Access to a mining pool. Unless you have a powerful computer, you’ll need to join forces with an active group of miners. Popular pools include BTC.com, ViaBTC and AntPool.

 

Plus500
Key Features
CFDs on BTC, ETH, LTC, NEO, XRP, IOTA, EOS, BAB, ADA, TRX, XMR
No need to open a crypto exchange account or use a special wallet
Regulated Broker - FCA, ASIC, CySEC (license number 250/14)
Min Deposit
$100
Start Trading View key features
Key Features
CFDs on BTC, ETH, LTC, NEO, XRP, IOTA, EOS, BAB, ADA, TRX, XMR
No need to open a crypto exchange account or use a special wallet
Regulated Broker - FCA, ASIC, CySEC (license number 250/14)
Top Coins
  • ADA
  • AXS
  • BCHA
  • BTC
  • CRYPTO
Payment Methods
American Express, Apple Pay, Bank Transfer, Credit Card, Debit Card, Discover, Google Pay, Mastercard, PayPal, SEPA, Trustly, Visa, , skrill
Plus500 is a leading provider of Contracts for Difference (CFDs), delivering Leveraged trading on +2,000 financial instruments, including Forex, Commodities, Indices, Shares, Options and Cryptocurrencies. CySEC license number (#250/14)
eToro
Key Features
Up to $240 bonus!
Build a diversified portfolio with crypto, stocks, and ETFs — all in one place.
Trade on the world's leading social trading and investing platform
Min Deposit
$100
Start Trading View key features
Key Features
Up to $240 bonus!
Build a diversified portfolio with crypto, stocks, and ETFs — all in one place.
Trade on the world's leading social trading and investing platform
Top Coins
  • 1INCH
  • AAVE
  • AAVE
  • ABY
  • ADA
Payment Methods
Bank Transfer, Credit Card, Debit Card, PayPal, Wire Transfer
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Bitstamp
Key Features
Offers an intuitive and easy-to-navigate platform, making it accessible for both novice and experienced traders
Global audience, providing various deposit options and allowing users to cash out directly to their bank accounts
Cold storage for funds and two-factor authentication to ensure the safety of users’ assets
Min Deposit
$10
Start Trading View key features
Key Features
Offers an intuitive and easy-to-navigate platform, making it accessible for both novice and experienced traders
Global audience, providing various deposit options and allowing users to cash out directly to their bank accounts
Cold storage for funds and two-factor authentication to ensure the safety of users’ assets
Top Coins
  • AAVE
  • ADA
  • ALGO
  • ALPHA
  • AMP
Payment Methods
Apple Pay, Bank Transfer, Credit Card, Cryptocurrencies, Debit Card, Google Pay, SEPA
Bitstamp, established in 2011, is a pioneer in the cryptocurrency exchange world, offering a secure and straightforward platform for trading a variety of digital currencies. It’s known for its user-friendly design, robust security measures, and global reach, making it a preferred choice for crypto traders worldwide.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro. eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs. Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. Past performance is not an indication of future results. Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.

 

Bitcoin Cash FAQs

What is Bitcoin Cash?
Bitcoin Cash is an offshoot of Bitcoin. Although it’s formed from the original blockchain, BCH has larger blocks which, in simple terms, means it can process more transactions than Bitcoin.
Is Bitcoin Cash Safe?
Yes. Despite previous issues, the blockchain has been improved and is now secure.
Will I make money if I buy BCH?
Maybe, maybe not. Crypto trading is all about making sensible, informed investments at the right time.
Will Bitcoin Cash overtake Bitcoin?
Possibly. Although Bitcoin is the strongest crypto at present, Bitcoin Cash does address many of its fundamental weaknesses.
Can I buy BCH using fiat?
Yes. If you use eToro or ForexTB, you can buy BCH using USD