Bitcoin Cash offers a block size of 8 megabytes in comparison to 1mb blocks of Bitcoin Core. As a result, more transactions can be processed, and the blockchain can work more efficiently. However, this new block size complicates network proliferation and processing. Will this be enough to surpass Bitcoin?
Buy Bitcoin Cash: Which platform to buy from?
How do you trade Bitcoin Cash? Unlike the “normal” stock market, where stocks, funds or bonds are traded, buying Bitcoin Cash is not that obvious. Generally you get direct support from your bank when trading stocks, funds, etc., or you have friends and acquaintances who have been with you for some time and can help you. For Bitcoin Cash, this is usually a bit more difficult.
Banks do not offer cryptocurrency trading. So you are usually on your own. In the following section we would like to give you recommendations based on our experience on how to buy Bitcoin Cash:
Step 1: Find a Trustworthy Exchange
From our experience, Coinbase is a reliable, reputable and established Bitcoin Cash exchange. Coinbase offers the possibility to buy Bitcoin Cash in a fast and uncomplicated way. You can start right away with the purchase of the digital currency.
Step 2: registration
Visit coinbase.com and click on the “Sign up” button. With this you get to the following overview:
After entering your full name (first and last name), e-mail address, password and country, just click the “Create account” button. Coinbase will be send a confirmation link to your email address. After clicking the link in the e-mail sent by Coinbase, you can start buying Ethereum.
But before, you will have to enter your phone number and provide additional information about yourself like employment situation, anual income etc.
Step 3: Buy Bitcoin Cash
After logging in, you will see the current Bitcoin Cash Price, together with an overview over the last hour, day, week, month or year. You can also choose Bitcoin, Ethereum or Litecoin in the overview section.
Under the menu item “Buy/Sell” you select Bitcoin Cash and enter how much Bitcoin Cash you want to buy. You can choose between the following Payment Methods:
- Banc Account Link (US Users)
- Debit Card (US + European + Australian Users)
- Wire Transfer (US + European Users)
Bitcoin Cash Wallet
Coinbase offers a wallet for all the currencies you can buy and sell on coinbase.com. Once you bought Bitcoin Cash on Coinbase, you will see the corresponding units automatically in your Bitcoin Cash (BCH) wallet.
If you want to sell Bitcoin Cash, you just have to generate your Bitcoin Cash address and send your funds from your Desktop wallet, hardware wallet like Ledger or another Exchange to you the Coinbase address and you will see your funds in the overview.
If you have any questions about the process let us know and we’ll do the best to help you.