Bitcoin is the most recognized cryptocurrency in the world, yet it has faced persistent challenges—especially around scalability. By mid-2017, growing network congestion led to slow transaction speeds and skyrocketing fees, with users paying up to $30 per transaction. In response, a group of developers initiated a hard fork from the original Bitcoin blockchain, giving rise to Bitcoin Cash (BCH) in August 2017. The primary goal? To create a more scalable digital currency by increasing block sizes, enabling faster and cheaper transactions.
Since its launch, Bitcoin Cash has consistently ranked among the top cryptocurrencies by market capitalization. Whether you're looking to invest, trade, or use BCH for payments, understanding how to buy Bitcoin Cash securely and efficiently is essential. This guide walks you through everything—from setting up a wallet to choosing the best exchange platforms.
Setting Up a Bitcoin Cash Wallet
Before purchasing BCH, you'll need a secure place to store it. There are two main types of wallets: hardware wallets and software wallets.
Hardware Wallets
Hardware wallets like Ledger and Trezor offer the highest level of security by storing your private keys offline. They’re ideal for long-term holders who prioritize safety over convenience.
Software Wallets
For everyday use, software wallets provide easy access and user-friendly interfaces:
- Exodus: Known for its sleek design and built-in exchange feature powered by ShapeShift, Exodus supports multiple cryptocurrencies including BCH.
- Edge: Available on iOS and Android, Edge combines security with functionality, allowing users to buy, exchange, and manage BCH directly from their mobile devices.
- Electron Cash: A lightweight desktop wallet specifically designed for Bitcoin Cash, inspired by Electrum but tailored for the BCH network.
👉 Discover secure ways to store and manage your digital assets today.
Always download wallets from official sources to avoid phishing scams. Once your wallet is set up, you're ready to proceed with purchasing BCH.
Where to Buy Bitcoin Cash (BCH)
Several reputable cryptocurrency exchanges support BCH trading. Below are some of the most trusted platforms:
Coinmama
As one of the earliest crypto exchanges, Coinmama allows users worldwide to buy Bitcoin Cash using credit or debit cards, as well as via SEPA bank transfers. The process involves account registration, completing KYC verification, and depositing funds. While convenient, Coinmama’s fees tend to be higher than average.
CEX.IO
Established in 2013, CEX.IO is a well-regarded exchange offering both brokerage services and a full trading platform. The brokerage option simplifies buying with fixed prices (ideal for beginners), while the trading platform offers lower fees for experienced traders. Payment methods include cards, bank transfers, and SEPA.
Coinbase
One of the most popular crypto platforms globally, Coinbase supports Bitcoin Cash with additional features like a built-in wallet, advanced trading on Coinbase Pro, and even a debit card that lets you spend your BCH holdings directly.
Bitstamp
Based in Europe, Bitstamp enables direct purchases of BCH in USD or EUR. It also supports cash buys at a premium. Known for its strong regulatory compliance and liquidity, Bitstamp is a solid choice for European investors.
eToro
While eToro allows users to buy BCH using various payment methods, it operates differently: you don’t own the actual coins. Instead, you trade contracts based on BCH’s price. This means you can’t withdraw or send BCH to external wallets—only buy and sell within the platform.
If you're using eToro, you won't need a separate BCH wallet since the platform holds the asset on your behalf.
How to Sell Bitcoin Cash (BCH)
Selling Bitcoin Cash is just as important as buying it—especially when you want to realize profits or convert into fiat currency. However, not all exchanges support direct fiat withdrawals for BCH.
Top Exchanges for Selling BCH
Currently, the three major platforms that allow direct selling of BCH for fiat are:
- Coinbase: Supports USD withdrawals.
- Kraken: Offers EUR and USD options.
- CEX.IO: Allows withdrawals in USD, EUR, and GBP.
Most exchanges require linking your bank account and completing identity verification (KYC). Withdrawal methods typically include:
- Bank wire transfer
- SEPA (for EUR)
- SWIFT (international transfers)
Notably, CEX.IO also enables direct withdrawals to VISA or MasterCard in select currencies—a convenient option for quick access to funds.
Keep in mind that exchanges often impose daily and monthly withdrawal limits. Fully verified individual accounts or corporate profiles may qualify for higher limits.
Instant Bitcoin Cash Exchange Options
Prefer speed over traditional exchange processes? Consider instant crypto-to-crypto conversion platforms like Changelly or ShapeShift. These services let you swap BCH for other digital assets such as Bitcoin or Ethereum within minutes—no lengthy sign-up required.
While fast and convenient, these platforms usually charge slightly higher fees and may offer less favorable exchange rates compared to major exchanges.
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Trading Bitcoin Cash for Other Cryptocurrencies
You can also exchange BCH for other digital assets on global trading platforms like:
- Poloniex
- Bittrex
These exchanges offer deep liquidity and support trading pairs such as BCH/USD, BCH/BTC, and BCH/USDT. This flexibility makes them ideal for active traders looking to diversify their portfolios.
Peer-to-Peer (P2P) Selling: Direct Transactions
To avoid exchange fees and regulations altogether, some users opt to sell Bitcoin Cash directly to others through peer-to-peer marketplaces. One such platform is LocalBitcoinCash, which connects buyers and sellers for direct trades—online or in person.
On P2P platforms, you can publish your own offer or respond to existing ones. While this method offers privacy and flexibility in payment methods (cash, gift cards, etc.), it comes with risks:
- No buyer/seller protection
- Potential scams
- Limited reputation tracking
Exercise caution and only engage in transactions with verified users.
Frequently Asked Questions (FAQs)
Q: Is Bitcoin Cash the same as Bitcoin?
A: No. While both share a common origin, Bitcoin Cash was created to solve Bitcoin’s scalability issues by increasing block size from 1MB to 32MB, resulting in faster and cheaper transactions.
Q: Do I need a wallet before buying BCH?
A: Yes. If you want full control over your coins, store them in a personal wallet. However, if you're using platforms like eToro or Coinbase (custodial services), the exchange holds your BCH for you.
Q: Can I convert BCH to cash?
A: Absolutely. You can sell BCH on exchanges like Coinbase, Kraken, or CEX.IO and withdraw the proceeds to your bank account in supported fiat currencies.
Q: Are there fees involved in buying or selling BCH?
A: Yes. All platforms charge fees—ranging from transaction fees to withdrawal and exchange fees. Always review fee structures before trading.
Q: Is it safe to buy Bitcoin Cash?
A: Buying BCH through regulated exchanges is generally safe. Use strong passwords, enable two-factor authentication (2FA), and avoid sharing private keys.
Q: Can I use a credit card to buy BCH instantly?
A: Yes. Platforms like Coinmama, CEX.IO, and Coinbase support instant purchases using credit or debit cards.
Final Thoughts
Bitcoin Cash remains a compelling option for those seeking faster, lower-cost transactions compared to traditional Bitcoin. Whether you're new to crypto or expanding your portfolio, knowing how to buy, sell, and securely store BCH is crucial.
Always conduct thorough research before investing. Cryptocurrency markets are volatile and largely unregulated in many jurisdictions—suitable for risk-tolerant investors only.
👉 Start your journey with Bitcoin Cash on a trusted global platform.