Buy Bitcoin Cash by professional Forex trading experts the “ForexSQ” FX trading team, Finding out everything you need to know about how to Buy Bitcoin Cash.
How To Buy Bitcoin Cash?
Bitcoin Cash is the coin that resulted in the first hard fork of the Bitcoin blockchain in August 2017. This created a new blockchain. Since then, there was another Bitcoin hard fork, in October, which spawned Bitcoin Gold.
The idea of the Bitcoin Cash hard fork was to increase the number and of transactions on the ledger by reducing the size of the block. Initially trading in the new coin was not widely supported, but eventually an increasing number of exchanges – big and small – started offering it.
How to buy Bitcoin Cash?
1. Buy Bitcoin Cash with fiat currency. There are some exchanges who offer the option to buy Bitcoin Cash directly with fiat currency. Probably the most obvious choice is the exchange Coinbase.
It is a major and well-established platform that offers its services in over 30 countries across the world and has a New York bit license. Perhaps the largest advantage of Coinbase are the convenient fiat payment methods. You can buy directly with your credit or debit card (3D secured), with a commission for payments with cards of 4%. Convenience comes at a price. You fund your account in another way, like through a bank account, the commission is 1.5% In some countries Coinbase also offers the option to pay through PayPal.
After you undergo a verification process, you can start trading. Initially there are some weekly limits, for safety reasons, but eventually they are lifted.
There are some other exchanges who also offer the option to buy Bitcoin Cash with fiat currencies: at YoBit you can buy Bitcoin Cash for USD, as well as on Kraken, BitBay, Bitfinex, Bitstamp, Quoine, Livecoin, Exmo, etc. BTC Markets, Idependent Reserve and ACX offer the option to get it for AUD. On Bittylicious, Coinfloor and Cryptomate – for GBP and on Kraken, Bitstamp, Wex, CexIo and Bistane – for EUR. The major South Korean exchanges like Bithumb, Coinone, Korbit and Coinnest offer Bitcoin Cash for KRW.
If you want to trade another cryptocurrency like Bitcoin or Ether for Bitcoin Cash, there are even more cryptocurrency exchanges that offer the option, in addition to the ones we already mentined.
In case you are not interested in owning Bitcoin Cash, but only speculating on its price, you can seek the services of some properly regulated forex brokers like HYCM, eToro, Admiral Markets, Plus500 and AvaTrade who are offering CFDs on the coin. This has its advantages: besides the regulation, which means that the brokers are under tight supervision and abide by strict rules and requirements of the respective financial regulators and customer funds are protected, the brokers have nice trading platforms with a lot of charts, analysis tools and other options.
To buy the coin you need to sign up with a cryptocurrency broker, you can use Plus500, XM, eToro, Fxpro or AvaTrade crypto currency brokers.
How to buy Buy Bitcoin Cash Conclusion
For more information about currency trading brokers visit TopForexBrokers.com forex brokers comparison website, Tip ForexSQ.com foreign exchange trading experts please by share this article about how to Buy Bitcoin Cash.