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How & where to buy Bitcoin Cash (BCH) online

Use our step-by-step guide to learn how and where to buy Bitcoin Cash on the top 5+ crypto exchanges.

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Updated: May 11, 2023

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Bitcoin Cash tokens are available on a cryptocurrency exchange, which functions similar to a stock trading platform. It takes just a few minutes to buy Bitcoin Cash this way. Follow our quick step guide below.

How to buy Bitcoin Cash instantly in 3 simple steps

To buy Bitcoin Cash you need a smartphone or a computer and an internet connection. It takes 10-15 minutes the first time and you should have some photo ID to hand. Here’s how to do it.

Step 1. Sign up to eToro

eToro is the simplest crypto exchange to get started with. Create an account and supply a copy of your photo ID for verification.

Step 2. Make a deposit

Add funds via a card payment, bank transfer or an alternative payment method. You can start with as little as £10.

Step 3. Buy Bitcoin Cash token

Type BCH into the search box then click ‘trade’. Enter how much money you want to spend and hit ‘trade now’.

Now you own Bitcoin Cash tokens! It’s as simple as that.

Where to buy BCH easily

The overall best exchange to buy Bitcoin Cash token for beginners is eToro . Bitcoin Cash is also available on lots of other cryptocurrency exchanges.

Here are the top three places to buy Bitcoin Cash, ranked according to their simplicity for beginners, fees, customer reviews, and safety ratings.

Best exchanges to buy Bitcoin Cash (BCH), reviewed

1. eToro. Best for beginners, copy-trading & demo-account

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1500

No. assets

$10

Minimum deposit

Crypto

Platform type

Pros & Cons

Great for beginners, simple to set up and get started Zero commission stock trading Popular ‘CopyTrader’ function lets you follow top traders Excellent customer service, with live chat support provided Over 2,000 CFDs available to trade

Comparatively high fees for withdrawals and account inactivity Does not integrate with the MetaTrader platform High spreads on some assets

Overview

We love eToro because it makes it simple to trade crypto at home or on the go. If you’ve never bought cryptocurrency before, then eToro makes it simple to buy 75+ of the leading coins, including the likes of Bitcoin, Ethereum, and Dogecoin. Every crypto trade comes with a flat 1% fee, which makes it one of the cheapest crypto brokers on the market to boot.

As well as being a broker that offers lots of investor protection, eToro offers a very social trading experience. You can easily see what’s trending on the crypto market every day, browse the latest technical analysis about every one of those tokens, and copy other people’s trade suggestions from your desktop or the eToro app.

The fees: You will be charged a 1% fee every time you buy or sell crypto. The charge is included in the market price that’s displayed on eToro. CFD trades may be charged an overnight or weekend fee if you leave the position open.

Visit eToro eToro Review

77% of retail CFD accounts lose money.

2. Public. Best for sharing beginner trading ideas

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...

No. assets

...

Minimum deposit

Crypto

Platform type

Pros & Cons

Commission free stock and ETF investing Share and compare your portfolio on a social trading platform Trade crypto, fractional shares, and alternative investments

You can't trade on margin or use leverage No forex, options, funds, metals, or bonds

Overview

We love Public because it’s a social platform where you can share trading tips and get ideas from other people. Public offers 9,000+ financial instruments, including cryptocurrencies and stocks from around the world.

Alongside a community of other investors all sharing their ideas, Public offers real time news and information so that you can see the full picture before you invest. And the assets don’t just include your run-of-the-mill assets; you can make alternative investments in things like handbags and comic books as well.

The fees: Cryptocurrency trades are charged a 2.5% fee per transaction.

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3. Uphold. Best for building long term wealth

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...

No. assets

Minimum deposit

Crypto

Platform type

Pros & Cons

Wide range of cryptocurrencies available Zero deposit and withdrawal fees Crypto wallets to store your coins Low minimum deposits and fast account set up

Spreads can be high for some cryptocurrencies Services vary depending on region Customer support is limited

Overview

We love Uphold because it’s a regulated and transparent digital asset platform. There are 160+ cryptocurrencies available to hold and trade, along with three fiat currencies; GBP, EUR, and USD.

Uphold’s key features include the ability to schedule transactions to avoid trying to time the market. With a focus on long term wealth building, Uphold also offers the ability to earn rewards of up to 25% on staked crypto, as well as 4% cashback paid in XRP for purchases made with the Uphold card.

The fees: Crypto spreads start from 0.9% and are usually lower than 1.3% for BTC and ETH. Other cryptocurrency spreads are higher. Average spreads on fiat currency are 0.2%. There is a $0.99 fee for transactions under $100 made with the Uphold card.

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4. OKX. Best for futures and margin trading

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...

No. assets

$50

Minimum deposit

Crypto

Platform type

Pros & Cons

Stake ETH to freely mint FIFA WORLD CUP 2022 NFTs & big prizes 350+ cryptocurrencies & NFTs available across 650+ trading pairs Crypto spot & derivative markets available Pay using hundreds of local payment methods

Not available in the US Lack of fiat withdrawal options

Overview

We love OKX because it’s an adaptable and flexible exchange, with an app that’s available in three different versions depending on how you trade. Choose from the beginner-friendly Lite version, Web3 option for NFT traders, or the Pro version for a plethora of trading tools.

From an app or desktop you can trade 350+ crypto coins on one of the world’s top crypto exchanges. You can fund your account easily, through a variety of simple payment methods, and a sliding scale of fees that means you can access discounts by holding the OKB token or trading high volumes.

The fees: Regular users pay a 0.1% fee on spot crypto trades. OKB crypto holders are entitled to a discount, up to 0.02% off for holding more than 2,000 coins. High volume traders are also entitled to a discount, with the cheapest fees available for traders with a 30 day trading volume above $10,000,000,000.

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5. Nexo. Best for earning interest & rewards

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...

No. assets

...

Minimum deposit

Crypto

Platform type

Pros & Cons

Offers excellent rates of interest on crypto and fiat savings Nexo debit card makes it easy to access and spend your funds Access crypto loans and collateral Equipped with top quality security infrastructure and insured

No anonymous option, your identity must be verified to place buy and sell orders Margins calls if the value of your collateral drops between a certain level

Overview

We love Nexo because you earn rewards every time you make a purchase. You can trade 60+ cryptocurrencies and earn rewards of up to 0.5% on every transaction, then store your coins on Nexo to build your wealth through passive interest payments.

You can trade on the go from a mobile app and Nexo is designed for simplicity. Every trade is locked in at the rate you see on your screen, so you won’t suffer from price slippage, and it has the added bonus that any crypto held in your account automatically starts to earn interest.

The fees: Nexo charges a 2% spread on buy and sell transactions. There are no fees for storing coins in your Nexo account. Depending on your loyalty tier, you receive a fixed number of free withdrawals, and any additional withdrawals will be charged a network fee.

Visit Nexo Nexo Review

How to trade BCH

You can trade Bitcoin Cash on a cryptocurrency exchange using a few simple steps. Here’s a quick example that clearly lays out how BCH crypto trading works:

Monitor the price: Let’s say the price of BCH/USDT is $1. You read the price charts and decide that now is a good time to start purchasing BCH.
Open a trade: You trade one USDT for one BCH ($1 for 1 BCH).
Continue to monitor the price: The next day, one BCH token is now worth $2, a 100% increase.
Close your trade: You trade your BCH token back to USDT for $2.

In this example, you buy and sell Bitcoin Cash, doubling your money (trading). While the steps are simple, executing them in a profitable way is not so easy. You need to spend many hours learning to trade, reading charts, patterns, and understanding markets and margin trading; which you can do right here on Invezz.com.

What is the best way to pay for Bitcoin Cash (BCH)?

The simplest way to buy Bitcoin Cash cryptocurrency is with your bank card. However, there are plenty of other options as well. Here are some of the top ways to pay for BCH.

Buy Bitcoin Cash with a credit card or debit card. Card payments are convenient and instantaneous but you may have to pay a higher fee to make a deposit this way. Binance charges 1.8% for a card deposit and some platforms charge as much as 4%.

Buy Bitcoin Cash with bank transfer. A bank transfer is usually the cheapest way to buy crypto. Crypto platforms like Crypto.com and Coinbase do not charge for bank transfer deposits, while Binance only charges a £1 fee, and these transactions are more or less instant as they run through the Faster Payments System (FPS).

Buy Bitcoin Cash with PayPal. Some crypto brokers accept deposits via PayPal. eToro is the best option because it doesn’t charge a fee for PayPal deposits, whereas the charge can be as high as 5% or more with other platforms.

Alternative payment methods. Crypto brokers often let you pay with other providers or money transfer services, like Neteller, Venmo, or Payoneer. The options vary by broker, though, so check what’s accepted before you sign up.

How do I store Bitcoin Cash (BCH)?

Most people keep their crypto on the exchange they used to buy it. If you only plan to hold onto it for a little while then that’s a perfectly acceptable option. If you want to hold it for years or you own a lot of Bitcoin Cash then you should move it to a crypto wallet.

A crypto exchange is similar to a bank account, in that it means trusting a company to protect your funds for you. A wallet is like your personal wallet, or a safe, where you take responsibility for it yourself. Two of the best Bitcoin Cash wallets to use are MetaMask and the Ledger Nano S.

Is Bitcoin Cash (BCH) a good investment?

Whether it’s good for you depends on your goals and the fundamentals of the project. Here are some key features of Bitcoin Cash and its token to help you decide whether to invest in BCH.

It solves some scalability issues faced by Bitcoin. Bitcoin Cash is a cryptocurrency that was created as a result of a hard fork of the Bitcoin blockchain in 2017. It aims to solve some of the scalability issues that Bitcoin faces by increasing the block size limit from 1MB to 8MB.
BCH is faster than Bitcoin. The increased block size limit allows for more transactions to be processed faster, resulting in increased efficiencies, reduced fees, and quicker transaction times. This makes it a more useful unit of exchange for everyday transactions.
Bitcoin Cash is not yet considered in the same league as Bitcoin. While Bitcoin Cash is considered to be a more advanced version of Bitcoin, it has not yet reached the same level of market value and acceptance as Bitcoin.
It still has not convinced some of the crypto community. It remains to be seen whether more investors will be willing to make the transition from standard Bitcoin to Bitcoin Cash. Some may consider the increased block size limit as a drawback as it could lead to more centralisation of mining power.
BCH is very similar to BTC. The project needs to market itself successfully and differentiate itself from Bitcoin to emphasise its technical superiority and its potential to be used in everyday transactions.

Use this quick summary of pros and cons to compare Bitcoin Cash with other, similar projects.

Pros

Addresses Bitcoin’s scalability problem
Should have more transactional potential than its predecessor
More lucrative for miners than BTC
Link to BTC gives BCH a big market boost

Cons

Direct competition with BTC, which remains a dominant force, could prove challenging
Critics claim that BCH invites mining centralisation, which is fundamentally problematic for a cryptocurrency

Ultimately, many different factors play into the answer. Cryptocurrency is inherently volatile but you can reduce the risks by investing in quality projects that provide value to the community.

How has Bitcoin Cash (BCH) performed this year?

The current Bitcoin Cash price today is $122.09, which is 92.62% below its all time high of $1644.04, which it reached on 12 May, 2021. BCH is up 26.67% this year, with a 52 week high of $394.54 and a 52 week low of $88.29.

Is now a good time to buy Bitcoin Cash?

The answer depends on the current price and your own investment goals. Put simply, buying Bitcoin Cash, selling Bitcoin Cash, and trading BCH are all the exact same process. It’s really just your personal investing intentions that defines whether now is a good time to invest or not.

If you’re a trader: as a cryptocurrency trader, your goal is to make money trading regularly. What do we mean by regularly? Hourly, daily, weekly. Traders buy and sell a coin quickly to secure their profit (or to avoid a loss). They don’t #hodl that coin long term in the hopes of larger profits. In this sense, any time is a good time to buy Bitcoin Cash.
As a long-term investor: a long term investor is not concerned if the price is up or down 10% on any given day. Rather, they care that the price of the native token is overall up months or years later, when they’re ready to sell that investment. So if you’re a firm believer in the foundations of Bitcoin Cash and its decentralised aggregator platform, then a good time to purchase Bitcoin Cash is on any major dip.

In our experience, most newcomers to the crypto market sit between the two. You don’t want to wait several years for a return, but buying Bitcoin Cash and selling it the next day probably isn’t why you’re here either.

Regardless, closely following BCH price news & analysis will help you decide when to pull the trigger:

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