How to Buy Bitcoin Cash 2021? Our Guide to Buying BCH Safely & Cheaply!

Bitcoin Cash (BCH) is a fork from the Bitcoin blockchain that was created as a result of a so-called hard fork on 1 August 2017. The cryptocurrency achieved widespread use immediately after the hard fork. This was because every Bitcoin owner was instantly entitled to as much Bitcoin Cash as they owned Bitcoin. The background to the split was a dispute in the Bitcoin community concerning the size of the blocks. Bitcoin had become 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? We advise eToro, our test-winning broker.
  • Do I want to hold Bitcoin Cash for the long term or daytrade? That depends on your own strategy.
  • How does a Bitcoin Cash Wallet work? Very simple via eToro’s crypto wallet
  • Is it worth investing in Bitcoin Cash? Bitcoin Cash is very interesting and has good prospects.

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 options for getting your first BCH.

The best options are listed below. Whether BCH can be bought directly or indirectly depends on the platform. Click on one of the providers if you want more information about the platform.

How to buy Bitcoin Cash with Euros in Germany? Buy Bitcoin Cash Guide for Beginners with eToro:

Buy Bitcoin Cash: Numerous exchanges offer trading and purchasing options for the cryptocurrency Bitcoin Cash. To help you find a suitable broker or exchange, we will show you below where you can buy Bitcoin Cash easily and at favourable conditions.

Do you want to buy Bitcoin Cash with Paypal or Sofortüberweisung? Or do you want to buy Bitcoin Cash with a credit card? Almost all deposit methods are possible with our test winner eToro. We will guide you through the process step by step.

  1. Registering with a broker or crypto exchange

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

    For our example, we chose eToro because here we can buy both real Bitcoin Cash to hold and Bitcoin Cash CFDs to speculate.

    First, click on the link to register with eToro

    We fill out the registration form, accept the T&Cs and click on “Trade now”, then you will receive the activation link by e-mail.

    Click on the link to activate your Etoro account. It is now available to you.

  2. Top up the account

    After successfully activating your profile, you need to make a deposit in order to buy Bitcoin Cash. To do this, click on the “Deposit money” button at eToro.

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

  3. Buy Bitcoin Cash online with euros

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

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

    1. Buy or sell: In our case, we have to set it to “buy”.
    2. Trade or order: Here we can choose whether we want to execute the trade immediately (trade) or delayed (order).
    3. Amount: How much Bitcoin Cash we want to buy
    4. Stop Loss and Take Profit: At which loss or profit our position should be sold automatically.
    5. Leverage: With which leverage 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.

    Subsequently, we have the Bitcoin Cash in our portfolio, the purchase is completed!

Buy Bitcoin Cash with PayPal, Sofortüberweisung and more

In our example we show the purchase with credit card. eToro also offers other ways to deposit:

Option de paiementpossible ?
Buy Bitcoin Cash with credit card 
Buy Bitcoin Cash with PayPal 
Buy Bitcoin Cash with SOFORT Bank Transfer 
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 

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

Before you invest in an altcoin, you should inform yourself well. Experienced investors pay attention to a variety of indicators: How reliable is the white paper of a coin? How convincing is the business model? Is it an inflationary or deflationary currency?

Do the developers have enough experience to run a business? What partners does a currency have and how relevant are these partners from the point of view of the stated 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 latest news and hard forks are particularly significant. The spin-off of Bitcoin SV and Bitcoin ABC may have done lasting damage to Bitcoin Cash. Because the hard fork happened only a relatively short time ago at the time of writing, it is still too early to make a final assessment.

History of Bitcoin Cash

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

It already runs out of steam at 15 transactions per second; many more are requested all the time. And so the result is congestion. Transactions are executed more slowly and at higher costs.

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

That’s why transactions with Bitcoin Cash are not only much faster than with bitcoin, they also earn the miners much more: because miners are rewarded for every transaction.

In the past, parts of the Bitcoin community had already attempted to split the Bitcoin blockchain via a hard fork, but without success. Bitcoin Cash succeeded where they had failed.

But there is also disagreement in the Bitcoin Cash community. In their wake, there are more hardforks. In the last one, in November 2018, the altcoins Bitcoin SV (BCHSV) and Bitcoin ABC (BCHABC) emerged. Bitcoin Cash subsequently lost volume.

Use as a means of payment

Bitcoin Cash, like Bitcoin, is a pure means of payment and as such must prove itself in the long term against a number of strong competitors, especially Bitcoin. But not least against Bitcoin SV and Bitcoin ABC.

The fact that Bitcoin Cash has a higher scalability than Bitcoin benefits the valuation of the cryptocurrency. However, Bitcoin has only recently established a transaction method with the Lightening Network that largely eliminates the scalability problem.

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

First, however, we have to see what impact the hard fork and the resulting competing currencies Bitcoin SV and Bitcoin ABC have on investor confidence and thus on Bitcoin Cash prices. Immediately after the hard fork, Bitcoin Cash prices plummeted.

Bitcoin Cash is a very risky investment at this point and we would therefore advise against it. However, CFD trading with eToro can be worthwhile if you successfully bet on the right price trend.

Buy or Sell Bitcoin Cash? Our pros & cons analysis:

  • Higher scalability than Bitcoin
  • Deflationary currency
  • Many very strong competitors
  • Problems in the community
  • Not yet stabilised again after the last hard fork

Compare fees when buying Bitcoin Cash:

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

  • We buy €1,000 worth of Bitcoin Cash
  • We would like to hold Bitcoin Cash for a month and then sell it again
  • We assume that the rate does not change in the 30 days

This is how the fees are at the largest crypto exchanges and brokers:

PrestataireetorocoinbasePlus500
Dépôtgratuit3,99%gratuit
Frais d’achat1,9%1,49%3,08%*
Frais de participationgratuitgratuit0,05%*
Frais de vente1,9%1,49%3,08%*
Payout5 USD0.15 USD1,9%
Total of the frais42,20€68,24€92,32€

Plus500’s fees are based on the current market situation in terms of volatility and liquidity. Thus, the fees can be significantly lower or even higher. The selected value corresponds to the value at the time the chart was created and may not correspond to the current values. The current fees can be viewed directly at Plus500. The important values here are “Spread” (buy/sell fees) and “Overnight financing – sale” (holding fees).

Bitcoin Cash Price: Important Moments in the Bitcoin Cash Price History

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

  1. 2017: Bitcoin Cash has its hard fork and is traded for the first time on an exchange for €379, after which the price has risen to €612 after a small correction.
  2. December 2017: On 21.12.2017 Bitcoin Cash reaches its all-time high of €3,297 during the crypto bull run.
  3. May 2018: Bitcoin Cash tries to recover from a price collapse when the bubble burst and briefly rises by 200%, but immediately falls 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 immediately falls again.
  6. February 2020: During the Corona epidemic, Bitcoin Cash hit 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?

As a general rule, a wallet is always the safest place to keep your investments. If your coins and tokens are stored on an exchange instead, you may lose access to them – for example, if the exchange unexpectedly goes bankrupt.

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

Those who are fearless can also simply hold their BCH on the account of one of their crypto exchanges, provided that the exchange supports this. This is possible with Coinbase, for example.

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 a good addition to increase your security. Click here to compare the best Bitcoin Cash wallets

Buying BCH: The conclusion

Bitcoin Cash is the result of a dispute in the Bitcoin community. Bitcoin Cash was created in a hard fork in 2017 by splitting off from the Bitcoin network. Since then, the Bitcoin Cash community has not been able to rest.

Only recently, there was another hardfork, as a result of which Bitcoin Cash lost considerable value and the cryptocurrencies Bitcoin SV and Bitcoin ABC emerged. Bitcoin Cash has to hold its own against a large number of strong competitors. An investment in Bitcoin Cash is undoubtedly worth considering for investors who are willing to take risks.

Buy Bitcoin Cash: FAQs

  1. How can you invest in Bitcoin Cash?

    Basically, one can distinguish 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 at 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 at CEX, or buy Bitcoin Cash with a credit card at LiteBit.eu.

    Unfortunately, buying Bitcoin Cash with PayPal is rarely possible.

  2. Can you buy Bitcoin Cash with a credit card?

    You can buy Bitcoin Cash and other altcoins with a credit card on CEX and Coinbase. If you only want to trade indirectly, you can also use your credit card to get started with our test winner.

  3. Is Bitcoin Cash trading possible with Paypal?

    As a rule, crypto exchanges do not offer the payment option Paypal. One exception is the CFD broker eToro. Bitcoin Cash trading with eToro is possible. We are not aware of any crypto exchange that accepts Paypal as a means of payment for Bitcoin Cash.

  4. What is the best way to invest in Bitcoin Cash?

    Goldreward.io recommends the current test winner for Bitcoin Cash purchases, as Bitcoin Cash trading is particularly easy and secure.

  5. What is the difference between a broker and an exchange?

    Options brokers only use cryptocurrencies as assets, while exchanges allow direct trading of the assets.
    So anyone who actually wants to buy altcoins will have to go via a crypto exchange.

  6. Will Bitcoin Cash continue to increase in value?

    We don't know: Can Bitcoin Cash hold its own against its strong competitors? What long-term effects will the big dispute in the Bitcoin Cash community have on the currency? The latter question in particular needs to be clarified before we can say what the future holds for Bitcoin Cash on the exchanges. We recommend that you keep yourself regularly informed about this if you want to buy Bitcoin Cash.

    Up-to-date chart analyses on Bitcoin Cash come here on Goldreward.io at regular intervals.

  7. Do I need a Bitcoin Cash Wallet?

    Not necessarily. If you buy Bitcoin Cash on Coinbase, for example, you can also hold it there. However, we recommend using a wallet for your security, preferably a hardware wallet from Ledger or Trezor, for example. No wallet is necessary for indirect trading.

  8. Can I use my Ether Wallet?

    Bitcoin Cash is not built on ERC-20 and therefore cannot be held in your Ether wallet.
    Every trade is risky. No guarantee of profit . All content on our website is for information purposes only and does not constitute a recommendation to buy or sell. This applies to assets, products, services or other investments. The opinions communicated on this site do not constitute investment advice and independent financial advice should always be sought where possible. This website is available to you free of charge, but we may receive commissions from the companies we feature on this website.

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