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 accepts 15 deposit currencies, including of course USD.
- 🔎 Step 4: Search for Bitcoin Cash – Search direct 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 – 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.
eToro has been in business for over 15 years. Since the broker launched in 2006, 23 million investors have been drawn to its site. If you want to invest in Bitcoin Cash, eToro offers the key advantage over crypto exchanges that you can balance your crypto investment by buying conventional stocks, Exchange-Traded Funds (ETFs), and commodities.
Another standout feature of eToro is the extent of its regulation by financial authorities. A crypto provider that is heavily regulated is one that we, as investors, can trust to do things by the book (although regulation will not stop the markets from going the wrong way from time to time!).
eToro is regulated by FINRA and SIPC in the US as well as being registered with FinCEN as a Money Services Business. The FCA regulates eToro in the UK. ASIC is the regulator in Australia, and CySEC in Cyprus.
There is a strong argument that eToro is the best place to buy Bitcoin Cash for beginners. That is because eToro champions what is known as ‘social trading’. This means supporting the individual trader by giving them access to the expertise of more experienced traders, and generally ensuring that no investor feels isolated with difficult trading decisions.
eToro’s CopyTrader facility allows you to choose from 600+ fellow crypto enthusiasts and use your own money to copy their trades. That means you get to learn some new trading strategies, as well as gain materially from greater experience. The risk ratings and performance of these traders are there to browse; you just pick one, allocate some funds, and CopyTrader will trade for you, matching their trades in real-time. You can stop CopyTrading at any point.
eToro also offers social trading in the form of its 8 crypto Smart Portfolios. These are crypto portfolios that you can buy into. Each one takes a different strategic angle on the crypto sector. Instead of figuring out a strategy yourself, why not allow eToro boffins to do it for you?
The DeFi portfolio, for example, invests in a spread of 10 or so key DeFi coins with an emphasis on ‘HODLing’ (ie. Holding on for Dear Life: long-term buy and hold). This DeFi portfolio has gained 56% in the last year.
The Napoleon X portfolio, on the other hand, uses AI algorithms to trade pairs of 5 major crypto over the short-term. This has put on 96% in the last 12 months. (Note that you will have to pay trading fees every time a trade is carried out as part of a portfolio’s operation.)
As you consider how to invest in Bitcoin Cash, remember that the best investments are diversified investments. Diversifying your crypto portfolio minimises the risk of serious losses. So check out eToro’s growing selection of 55+ crypto, and build your own 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 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+ cryptoassets
- Smart Portfolios and CopyTrader
Cons
- $5 flat withdrawal fee (suits larger investments)
- Ticket help service but no telephone help service
Crypto assets are a highly volatile unregulated investment product.
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 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 own 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 spend your crypto in the real world and earn up to 8% back on purchases. We have just missed on 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 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 are clearer about fees generally
Crypto assets are a highly volatile unregulated investment product.
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 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 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 which 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
Crypto assets are a highly volatile unregulated investment product.
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 crypto 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 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 other 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! But, however 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
Crypto assets are a highly volatile unregulated investment product.
What is Bitcoin Cash?
Bitcoin Cash is a ‘store of value’ crypto. Its purpose is to act as a means for people to pay each other. The crypto was formed out of a ‘fork’ of Bitcoin in 2017 to offer faster and cheaper transactions than Bitcoin itself. The total market capitalisation of Bitcoin Cash is over $7bn, and almost $5bn of BCH is traded every day.
Is Bitcoin Cash a Good Investment?
Is the Crypto Winter Over?
The crypto market has been in the doldrums since last year. First, fears over inflation meant that big institutions started putting their money into assets with more sedate risk/reward profiles than crypto. This deflated crypto prices. Then fears over the Ukraine crisis took over. It may be too early to say it, but it does seem like crypto prices are beginning to rise again. If so, the best time to buy Bitcoin Cash is right now before its value increases.
Real-world Utility
Investors are better off investing in crypto that offer real-world benefits. So how does Bitcoin Cash offer value? BCH allows users to send money to other people far cheaper than it costs to use Bitcoin. Bitcoin transaction fees are roughly $1.00 per transaction; Bitcoin Cash fees are roughly $0.01 per transaction. So that makes Bitcoin Cash one hundred times cheaper than Bitcoin.
Bitcoin Cash – Dual Benefit for the Owner
If you hold Bitcoin Cash, you can use it in two ways:
- You can hold onto it as an investor in the hope that its value rises; then you can sell it at a profit. If you follow the investor route, you do not need to get a crypto wallet.
- You can use Bitcoin Cash to pay for services on the internet. With its low transaction fees, BCH is suitable for transactions of relatively-low value. You will need a crypto wallet to store your Bitcoin Cash in this case.
Good Tokenomics
The supply of Bitcoin Cash is limited to 21 million coins. This means that the price is protected from the inflationary pressures of unlimited coins being minted. Currently there are 17 million coins in circulation.
Buy The Dip
The price of Bitcoin was this cheap in January this year (2022). But, before that, you have to go back another year to January 2021 to pick it up under the $400 mark. Since January 2022 the price has stabilised and found support around the $300 mark; a platform for future growth, perhaps.
Bitcoin Cash Price
The Bitcoin Cash is currently $372.15.
Bitcoin Cash Price Prediction
Since the end of January, the price of Bitcoin Cash has found some support around the $300 level. The last few weeks have seen a modest upwards movement in line with the rest of the crypto sector. If you look at the graph above, you will see that BCH reached an all-time-high price of almost $1,500 last May. The Bitcoin Cash price is unlikely to reach these heights again anytime soon. But even a modest target price of $500 for 2022 would see an investment of $1000 in BCH right now make you over $200 by year’s end.
Ways of Buying Bitcoin Cash
Buying Bitcoin Cash with PayPal
The best way to buy Bitcoin Cash with PayPal is to use Coinbase. PayPal has fallen out of favour with other vendors since it began to offer crypto purchases itself from inside the PayPal app. With Coinbase, you can use PayPal to buy crypto, as well as deposit and withdraw from your Coinbase account.
Buy Bitcoin Cash with Credit Card or Debit Card
You can fund your eToro account with credit card with no card fee charged. You can then buy Bitcoin Cash using your account funds. This is a simple way of buying Bitcoin Cash with credit card. Otherwise you can use Binance to buy Bitcoin cash with credit card direct.
When it comes to credit cards, watch out generally – financial regulators are making it harder to use credit cards to buy crypto because of the risk of fraud, and exchanges tend to charge higher fees on credit card transactions.
You can buy Bitcoin Cash with debit card with Binance too, provided they accept your card. Otherwise, fund your account with eToro with your debit card and buy using the funds in your account.
Best Bitcoin Cash Wallet
Remember: if you just want to invest in Bitcoin Cash as an investment asset, you do not need a crypto wallet. You need a crypto wallet if you want to use Bitcoin Cash to pay for goods and services on the internet, or send to friends. Many wallets are compatible with Bitcoin Cash, including the eToro Money crypto wallet.
Linked to your eToro account, this free wallet allows you to move around crypto from the major blockchains (Bitcoin Cash, Bitcoin, Ethereum, Tron, Litecoin, XRP, and Stellar) as well as buy crypto on eToro and store it yourself. You can send and receive crypto as you see fit, as well as exchange crypto using eToro’s pro-level crypto exchange. It comes with an unlosable private key, as well as welcome regulation from the Gibraltar Financial Services Commission.
You can have as many crypto wallets as you want. It is actually a good idea to hold several wallets. This minimises your risk in the event of something going wrong with a particular wallet.
How to Buy Bitcoin Cash – Tutorial
1. Choose a Broker or Exchange
To keep things simple, choose a broker like newbie-friendly eToro.
2. Sign up with eToro
Head to eToro.com. Fill in a few personal details. Or sign up with Google or Facebook.
3. Verify your ID with eToro
Have your valid passport handy to prove who you are. You will also need to prove where you live.
All regulated crypto providers must, by law, verify the identity of investors. This KYC (Know Your Customer) process can be a pain. But stick with it. KYC keeps everybody safe from fraudsters. And eToro has 23 million other investors who made it through!
4. Deposit Funds with eToro
You can deposit funds in up to 15 different currencies with eToro, including the major ones: USD, GBP and EUR. A currency conversion fee applies to all deposits that are not in USD. No deposit fee is charged otherwise (in marked contrast to many crypto exchanges).
5. Buy Bitcoin Cash with eToro in Seconds
First, find Bitcoin Cash on eToro. Enter ‘Bitcoin Cash’ in eToro’s top toolbar.
Press on the BCH logo to access the BCH homepage; here you can review stats, research and get into some powerful charting options. Press the blue ‘Trade’ button when you are ready to trade.
Simply enter how much you want to spend and press ‘Open Trade’. The money will be taken from your eToro account and your brand new BCH added to your eToro portfolio. If you have an eToro Money crypto wallet, you can move it there. Or eToro will hold it for you until you want to sell.
Cryptoassets are a highly volatile unregulated investment product.
How to Sell Bitcoin Cash
Broker eToro and the 3 exchanges we have reviewed (Crypto.com, Coinbase and Binance) will look after your crypto until you want to sell. Then these vendors will buy your crypto from you; beginners will be glad to know you do not need to go looking for a buyer!
Conclusion
In reviewing four crypto providers, we have looked into where to buy Bitcoin Cash. Your priority is to decide on how to buy BCH in a way that suits you. The big exchanges are increasingly set up for newcomers. But the options on offer can be overwhelming.
We recommend eToro for beginners and more advanced traders alike. This broker may not have the range of crypto that the big exchanges do, but it makes up for it with a wonderfully-simple way of doing business. There’s a real sense that you can’t go wrong on eToro, which newbies will find reassuring. eToro’s social trading options work well for beginners and advanced traders alike. Best of all, eToro is so stringently regulated that there can be no doubt that you are dealing with a reputable business.
Cryptoassets are a highly volatile unregulated investment product.