Want to buy Bitcoin Cash (BCH)? You are not alone. Almost $5bn of BCH crypto is traded every day on global crypto exchanges. Bitcoin Cash is popular with users as a ‘store of value’ crypto — as a way of sending money around the world faster, and with lower fees than its big brother, Bitcoin.
Investors can position themselves to potentially cash in on user interest in BCH. Below we review a top broker and three crypto exchanges so you can decide how to invest in Bitcoin Cash in a way that suits you. Plus we look at how this crypto works and what factors influence the Bitcoin Cash price.
How to Buy Bitcoin Cash – Quick Guide
Thinking about buying cryptocurrency in 2022? Here’s how to buy Bitcoin Cash with low fees in less than five minutes:
Step 1: Open an account with eToro – Get started by entering a few personal details.
Step 2: Verify – Have your passport handy to verify your ID, as well as papers to prove your address.
Step 3: Deposit – eToro supports a wide range of payment methods, meaning you can deposit a minimum of $10 with ease.
Step 4: Search for Bitcoin Cash – Search directly by entering ‘BCH’ in the top eToro toolbar.
Step 5: Buy – You can invest in Bitcoin Cash with as little as $10.
Where to Buy Bitcoin Cash
As the crypto sector matures, it is getting easier for beginners to get involved. The broker and exchanges we review below are all set up for crypto newbies. The best crypto exchanges in particular offer options for the more adventurous. We recommend complete beginners try out broker eToro first and learn the ropes with its pioneering social trading options.
1. eToro
2. Crypto.com
3. Coinbase
4. Binance
1. eToro – Best Broker to Buy Bitcoin Cash with Low Fees
You can buy as little as $10 of Bitcoin Cash using top broker eToro. This broker is up-front about trading fees, which is a breath of fresh air in the crypto sector: you will get charged a commission of 1% when you buy and a commission of 1% when you sell.
You can get a crypto wallet like the eToro Money crypto wallet if you want, but this is not necessary to buy and sell BCH with eToro — the broker will look after your BCH for you. Over 2.7m investors follow Bitcoin Cash with eToro.
As you consider how to invest in Bitcoin Cash, remember that the best investments are diversified investments. Diversifying your crypto portfolio minimizes the risk of serious losses. So check out eToro’s growing selection of 55+ crypto, and build your portfolio. eToro also supports crypto staking with some of the best rewards on the market.
As well as Bitcoin Cash, you can get your hands on all the major blockchains, including Bitcoin, Ethereum, Solana, Ripple, and Cardano. You have access to key DeFi coins like Aave, Algorand, and Synthetix as well as metaverse coins like Axie Infinity Shards, Enjin, and Decentraland.
Top meme coins, like Dogecoin and Shiba Inu, are up for grabs. You can even get in on a hot new NFT coin, ApeCoin.
For trading crypto on the move, eToro provides a free crypto app. And, if you do opt for a crypto wallet, try out the eToro Money crypto wallet. Registered with the Gibraltar Financial Services Commission, this allows you to receive, send and exchange major crypto.
Pros
Buy Bitcoin Cash and eToro will hold it for you Free eToro Money crypto wallet and smartphone app 23m verified users Comprehensive regulation 55+ crypto assets Smart Portfolios and CopyTrader
Cons
$5 flat withdrawal fee (suits larger investments) Ticket help service but no telephone help service
2. Crypto.com – Reputable Crypto Exchange with Beginner-Friendly Mobile App
Crypto.com is currently the ninth-biggest crypto exchange in the world with a daily trading volume approaching $4bn (data from CoinMarketCap). This exchange is in the public eye right after advertising on TV during the Superbowl Final with actor Matt Damon.
Unlike broker eToro, Crypto.com offers crypto but no conventional stocks and shares. That is the difference between a broker and an exchange. When it comes to choice, though, Crypto.com is no slouch. You can buy Bitcoin Cash with a credit card or with fiat currency direct, as well as browse 250+ other crypto. As with eToro, Crypto.com will hold your BCH for you until you want to sell — or you can use the free Crypto.com wallet to store your Bitcoin Cash and send it around the web.
Crypto.com is particularly strong in the area of crypto financing. Using just the crypto you own, you can borrow more crypto or earn interest. This is a fast-growing market. And, as it matures, crypto financing is right now becoming accessible to complete crypto beginners. Why put money in a conventional savings account and earn 1% interest p.a. when you can stake crypto and earn ten times that? Crypto.com offers up to 14.5% APY (Annual Percentage Yield) on some crypto stakes. You can secure a crypto loan too using your crypto as collateral and be charged only 8% interest p.a.
A further standout financing option offered here is the Crypto.com Visa card. This allows you to spend your crypto in the real world and earn up to 8% back on purchases. We have just missed this one, but Crypto.com has also just run a half-price sale of Bitcoin Cash as part of their Syndicate operation. If you buy the in-house crypto CRO, you can access all sorts of offers like this as well as improve the rates of any crypto financing you get into.
Like eToro, Crypto.com offers state-of-the-art security as well as a crypto wallet and free smartphone app (rated 4.3/5 on the App Store and 3.7/5 on Google Play).
Pros
Buy BCH with a credit card instantly 100% of client crypto held in ‘cold’ storage ie. offline Trade over 250 crypto Powerful crypto financing options Margin trading and futures (experts only!) Sign-up/referral bonus – check it out
Cons
2.99% card fee (but watch out for discounts) eToro is clearer about fees generally
3. Coinbase – Popular Cryptocurrency Exchange with Huge Asset Portfolio
Coinbase is a comfortable choice for US investors in particular. That is because Coinbase is based out of San Francisco, California, and has made a solid name for itself. With over 73m users and $4bn+ of crypto business done every day, this exchange is regulated in all US states where it operates. Coinbase was the first crypto exchange to get listed on a stock exchange, with a NASDAQ IPO in 2021. (With broker eToro, you can trade Coinbase stock using the ticker COIN.)
Coinbase’s strong reputation stands on its wide selection of crypto (169 in all) as well as its no-nonsense approach to security. Coinbase was one of the first exchanges to go for ‘cold’ storage. 98% of client funds are held offline using a combination of hard wallets and safes. This makes it far more difficult for hackers to get to any secured crypto.
You can buy Bitcoin Cash with Coinbase as you would with eToro’s simple process: open an account, deposit funds using a bank transfer or debit card, purchase BCH, and Coinbase will hold it for you. With Coinbase, you can buy as little as $25 of BCH. Using Apple Pay and Google Pay, you can buy crypto, but not add funds to your account. Using PayPal, you can buy crypto as well as deposit/withdraw funds from your Coinbase account.
Note that, until very recently, Coinbase accepted direct purchase of crypto with a credit card — but this is no longer the case. If you want to use a credit card to buy Bitcoin Cash, we have a solution. Sign up with eToro, and fund your account with your credit card for no card fee (although a currency conversion fee may apply). Then you can go ahead and buy Bitcoin Cash.
Some crypto financing options are available with Coinbase, including a credit card you can use to spend your crypto as well as crypto staking. For the crypto beginner, Coinbase offers learning modules that you can complete for crypto rewards. Coinbase’s smartphone app gets a great average review score of 4.7/5 on the App Store, and 4.2/5 on Google Play.
Pros
Joining bonus/referral Upgrade to Coinbase Pro for cheaper fees Well-reviewed smartphone app Free Coinbase crypto wallet Range of 159+ crypto to trade Use PayPal to buy Bitcoin Cash Free crypto incentives
Cons
Fee structure can be a little opaque Recently withdrawn credit card service
4. Binance – Giant Exchange to Buy Bitcoin Cash
With almost $24bn of crypto traded every day, Binance is the biggest exchange there is. Size is everything with Binance. The exchange has 90m+ users and over 600 cryptos on offer. If you are a crypto newcomer, then you might want to buy Bitcoin Cash with broker eToro for simplicity. But, if you are feeling more adventurous, Binance is the place to visit. To keep things simple, select the ‘classic’ option in the desktop version and ‘Binance Lite’ in the smartphone app.
You can buy Bitcoin Cash with a credit card direct with Binance. A fee of 3% nominally stands, but usually, just 1% is charged as part of an ongoing promotion. You can also buy BCH by depositing funds into your account by bank transfer or credit/debit card. You can also trade for Bitcoin Cash on the main exchange using another crypto you have bought onsite or transferred in. Given the array of purchasing options available, how to buy Binance Cash is quite a dilemma with Binance! However, if you decide to invest, Binance will hold your BCH for you.
Just like fellow exchange Crypto.com, Binance pulls out all the stops when it comes to crypto financing. There are numerous ways to invest your crypto, including staking, liquidity pools (not for newbies), and a simple crypto interest account. A Binance credit card is also available, and small business owners can even use Binance Pay to arrange for customers to pay you in crypto.
Binance’s smartphone app receives a very creditable 4.7/5 on the App Store and 4.1/5 on Google Play.
Pros
Sign-up/referral bonus Just 0.1% fees on exchange trading (and less if you own in-house crypto BNB) Numerous ways to buy Bitcoin Cash Free Binance Trust crypto wallet 24/7 customer service Crypto derivatives available in some countries
Cons
Unregulated by financial authorities Complete beginners might prefer the simplicity of eToro