After a quick registration process, which doesn’t take more than a few minutes, you will be able to buy Bitcoin Cash (BCH) with a credit & debit card instantly in several different fiat currencies, including USD, EUR, and GBP.
How it works?
What is Bitcoin Cash (BCH)?
Bitcoin Cash is a cryptocurrency that was created as a consequence of a Bitcoin hard fork in August 2017.
Bitcoin (BTC) was invented as a peer-to-peer cryptocurrency for daily transactions. As the Bitcoin network grew over the years, it became a store of value, instead of a currency.
The main issue standing in the way of bitcoin becoming an easy-to-use cryptocurrency was its very small block size of 1MB. While the popularity of the Bitcoin network was on the rise, it could not handle the increased number of transactions.Pending transactions queued up as time passed because the increased number of transactions could not fit into the 1MB blocks as quickly as they used to. Due to this limitation, Bitcoin could not become a widely adopted currency for regular, daily use.
The Bitcoin Cash (BCH) hard fork was introduced to solve the scalability problem of Bitcoin so that it could become a widely-adopted payment cryptocurrency. It has a significantly increased block size of 8MB and 32MB. While the average number of transactions per BTC block was between 1,000 and 1,500 back when Bitcoin Cash was introduced, the number of transactions on the BCH blockchain was over 25,000 per block.
Bitcoin Cash uses the same proof of work consensus mechanism as the original Bitcoin network. At the time of the Bitcoin Cash hard fork in 2017, any wallet holding Bitcoin received an equal amount of Bitcoin Cash, which makes the total supply of Bitcoin Cash equal to that of Bitcoin at 21 million.
Bitcoin Cash is also known as Bitcoin Cash ABC to distinguish it from its successor hard fork called Bitcoin Cash SV.
How to buy Bitcoin Cash with a credit card?
If you have a CEX.IO account and a credit card under your name, you can buy Bitcoin Cash instantly.
If you do not have a CEX.IO account yet, you can register one here.
Once your account is created and verified, you need to link your credit card to your CEX.IO account by clicking on the Cards button at the top of your CEX.IO account homepage.
On the next page, you enter the number, the expiration date, and the CVV code on your card. Once you click on the Proceed button down below, your credit card will be linked to your account. CEX.IO accepts Visa and Mastercard credit cards.
To buy Bitcoin Cash with your credit card, you just need to follow the simple steps below:
1. Click on the Spot Trading button on the top left corner of your homepage, next to the CEX.IO logo. In the dropdown menu that pops out, you need to click on the Instant Buy button under the For Everyone list.
2. Once you click on the Instant Buy button, the below page will open. The default choice is buying Bitcoin (BTC) with a credit card, but there is a dropdown menu for buying other cryptocurrencies like Bitcoin Cash (BCH).
3. Once you select BCH from the dropdown menu on the left, you will have the option to buy this cryptocurrency in three available fiat currencies, USD, EUR, and GBP, which are listed on the right dropdown menu.
4. The Instant Buy feature at CEX.IO allows you to quickly buy BCH from several predefined amounts that you can see in the screenshot below. If there is a different amount of BCH that you would like to purchase, you can click on the box titled Your Amount. Here you can either enter the amount of BCH you want to buy, or you can enter how much you want to buy in fiat currency.
5. Once you click on the Buy button, the below page will appear, which gives you the details about your purchase, along with the credit card fee you need to pay (2.99%). Your purchase will finalize after you click the Buy Now button.
Buying cryptocurrency via the Instant Buy function typically takes less than two minutes when you have a registered credit card in your CEX.IO account. With your credit card, you can also buy binance coin, buy Dogecoin, or sell Bitcoin.
How to buy Bitcoin Cash with a debit card?
If you do not have a credit card, you can alternatively buy BCH with your debit card, which is as easy as buying with a credit card. The majority of banks and other payment service companies support automatic funds conversion, so you can link a debit card issued in any fiat currency.
Please note that banks and payment service companies usually charge additional fees for instant currency conversion with your debit card.
Linking a debit card to your CEX.IO account requires the same steps as linking a credit card. Once you have linked your debit card to your CEX.IO account, you can go to Instant Buy and Buy crypto with a debit card instantly.
Where to get Bitcoin Cash crypto in the U.S.?
Although many popular cryptocurrency exchanges offer Bitcoin Cash for their U.S. customers, you should note that not all exchanges are regulated in the USA. CEX.IO is a regulated crypto trading platform registered with FinCEN in 48 states as Money Services Businesses (MSB). Considering that, CEX.IO is likely the best place to buy BCH online in the USA.
The best way to buy Bitcoin Cash
Today there are a myriad of different platforms to buy and sell cryptocurrency. You can buy and sell on cryptocurrency exchanges, you can buy peer-to-peer directly from other cryptocurrency users on the web, or you can also buy crypto from an ATM that offers crypto payments.
When you opt to buy cryptocurrency like Bitcoin Cash from a cryptocurrency exchange, there are several factors you need to consider:
A cryptocurrency exchange with a simple user interface can save new cryptocurrency traders a mountain of future headaches down the road, in addition to numerous hidden fees in their trades.
CEX.IO offers a very simple-to-use interface with all necessary menus and buttons being visible at a glance. Moreover, detailed guides and educational blog articles can help you master crypto like a pro.
Due to CEX.IO’s simplicity, you will quickly figure out how to purchase Bitcoin Cash with USD when you register for a CEX.IO account in the U.S.
Supported fiat and cryptocurrencies
A rich list of available currency pairs allows cryptocurrency traders to optimize their trading and investing activities. CEX.IO supports over 100 cryptocurrencies, including BTC to USD. Check our live cryptocurrency prices!
Should I buy BCH coin?
Although BCH was targeted to take over Bitcoin as the global payment cryptocurrency, so far it has significantly failed to do so. Bitcoin Cash has been accepted as payment in only a very limited number of sale outlets throughout the world, while other major cryptocurrencies like Bitcoin, Ethereum, and even Dogecoin have managed to accomplish the same, which does not make it an individual success for Bitcoin Cash.
Regardless of its past, if your research suggests you that Bitcoin Cash can still become a globally-adopted payment cryptocurrency in the future, you can start buying BCH today. We are still at the very early days of cryptocurrency, so any major cryptocurrency like Bitcoin Cash has a chance to receive global adoption in the coming years.
On the bright side, Bitcoin Cash is a highly scarce cryptocurrency with a total supply of only 21 million BCH coins. Astronomical levels of money printing for all major fiat currencies during the recent years and the surging inflation rates may trigger similarly astronomical increases in the value of cryptocurrencies like Bitcoin Cash. BCH could be viewed as a hedge against fiat currency, considering its limited and fixed supply. Scarce assets almost always appreciate in the long term against assets with unlimited supply, as such assets can be replicated in infinite quantities.
After making its all-time high at $4,650 per coin on December 17, 2017, Bitcoin Cash has not realized a new all-time high price. It made a lower high at $1,600 during the May 2021 market top. However, the price of BCH has retraced 80% from those levels since then, so at approximately $320 per coin as of February 28, Bitcoin Cash can be considered as heavily discounted. Considering that, buying BCH could at least give you a nice trading opportunity in the shorter term.
How to invest in Bitcoin Cash?
You can invest in Bitcoin Cash by buying it on CEX.IO. You can buy BCH on CEX.IO either by giving a limit or a market order.
A limit order is an order to buy an asset below the current market price or sell it above the market price. You give a limit buy order when you think the price of a cryptocurrency is too high right now and you think it will be cheaper in the future, so you want to take advantage of buying it cheaper later.
Here is how you can give a limit buy order for BCH at CEX.IO:
Click on the Spot Trading button on the top left corner of the homepage.
In the dropdown menu that appears, click on Spot Trading again, which takes you to the spot exchange page.
On the spot exchange page, click on the Search field on the left and type BCH.
In the search results, you will find the available quote currencies with which you can exchange BCH. BCH exchange pairs include BCH to USD, BCH to EUR, BCH to GBP, BCH to USDT, and BCH to BTC. Click on the currency pair that you would like to give your limit order to buy BCH.
Below the price chart on the center of the Spot Trading page, there are three available tabs: Limit, Market, and Margin Trading. Click on the Limit tab, enter the amount of BCH you would like to buy, and then enter your target price to buy BCH.
Once you enter the amount and the bid price for your limit order, click on Place order and finalize your order.
Your limit order will fulfill if and when the market price of BCH hits your bid price.
If you do not like to wait for buying BCH at lower prices but you would like to buy it at the immediately available market price, you can give a market order on CEX.IO. The Instant Buy function that we discussed above allows you to buy BCH on a market order using your credit or debit card. Instant Buy service is the quickest way that you can buy BCH at the available market price.
Where to keep BCH?
When you buy cryptocurrency on any exchange, your coins sit in your wallet on your exchange account, and you may choose to leave them there like a bank account or traditional investing account. However, storing your cryptocurrency assets in your exchange account leaves you vulnerable to possible exchange hacks.
The benefits of storing your BCH on CEX.IO
Despite that risk, reputable cryptocurrency exchanges that have passed the test of time such as CEX.IO offer their investors highly advanced safety measures.
For example, CEX.IO stores its customer funds in offline cold storage, which consists of offline digital vaults that are never connected to the internet. Due to that, outside hackers or other malignant parties are never able to access those funds.
You can also trade your crypto assets whenever you want, wherever you are in the world if you leave your BCH coins in your CEX.IO account.
You can alternatively store your BCH coins in a non-custodial wallet. A non-custodial wallet is a type of either physical or software cryptocurrency wallet, which can only be accessed by its owner. In that sense, a non-custodial wallet can never be under the custody of CEX.IO. There is no intermediary that has the capability to access a non-custodial wallet on your behalf.