Bitcoin Cash, also known as BCH, is a hard fork of Bitcoin. This means that the source code for Bitcoin Cash has changed a lot. So much so that the old software would regard the new method as invalid. 

The fork took place in August 2017 due to the divided opinions on the Bitcoin Improvement Proposal. Bitcoin Cash differs from Bitcoin because it uses larger blocks to store transaction information. This article discusses how to get Bitcoin Cash, so read on to learn more.

1

What to Consider When Buying Bitcoin Cash?

If you are interested in purchasing Bitcoin Cash, there are various things that you must take into consideration. Don’t make rash decisions based on the current BCH prices or peer pressure. Instead, take a close look at the following things before you buy Bitcoin Cash:

The cost of buying BCH

Bitcoin Cash is a cryptocurrency. Cryptocurrencies are naturally volatile, so their prices fluctuate wildly. Before you buy BCH, its cost is one of the most critical factors you need to consider. Consult your financial statements too. There is no need to exceed your budget to buy Bitcoin Cash.

Finding a reputable exchange 

It would be best if you gave serious thought to where you want to buy your Bitcoin Cash. You check your fiat currency for damage or counterfeits, right?

The same applies to cryptocurrency. It is easy to scam people over the internet, so look for a reputable cryptocurrency exchange.

Bonuses at crypto platforms

Who doesn’t like bonuses? Many platforms offer bonuses on selected cryptocurrencies to encourage people to conduct crypto transactions. For example, a platform might offer to knock off $15 on your total amount if you use Bitcoin Cash to pay.

Keep a lookout for such offers. Also, see whether BCH users can avail bonuses at crypto platforms.

Is the platform user-friendly?

People avoid complicated things. If you have to dedicate hours to decipher how the platform works, it is not worth it. Instead, check if Bitcoin Cash is user-friendly.

Since it has been adapted from Bitcoin, BCH might be slightly difficult to decipher. Bitcoin was one of the earliest cryptocurrencies to hit the market, so the technology it is based on is not as developed as the others.

Compared to other cryptocurrencies, BCH might seem a bit complicated at first, but it is easy once you get used to it.

2

Where to Get Bitcoin Cash?

One of the most critical questions people usually ask is where they can get Bitcoin Cash. Being a cryptocurrency, the sources to avail of Bitcoin Cash are different from fiat currency. Check out these sources if you want to get your hands on Bitcoin Cash:

Cryptocurrency exchanges

Crypto exchanges enable you to exchange your commodities for cryptocurrencies and vice versa. You can use anything to get Bitcoin Cash in exchange, from traditional to digital money. This allows you to use any payment option to avail of BCH.

Trading apps

Trading apps allow you to trade cryptocurrencies for other cryptocurrencies. Unlike exchange platforms, you cannot use all assets to get Bitcoin Cash. You can only use other cryptocurrencies and sell them for Bitcoin Cash.

Nowadays, cryptocurrency exchanges and trading apps are merged into one. Popular platforms like Binance, Kraken, Gemini and WeBull offer BCH, so you should check them out.

Bitcoin cash ATMs

There are a lot of cryptocurrency ATMs across the world that offer Bitcoin Cash. You can use Coin ATM Radar to find the list of ATMs near you that offer BCH.

These ATMs function like regular ATMs. They are kiosks that allow you to buy and sell cryptocurrencies for cash. You deposit cash in the kiosk to buy BCH or sell BCH to receive cash from the machine.

Brokerages

Brokerages are third-party firms or individuals that mediate a cryptocurrency exchange. The buyers and sellers don’t have to get into the details of the process. Instead, the broker does it for them and, in return, charges brokerage fees.

Since brokerages are professionally involved in the cryptocurrency market, they understand how it works. You can visit famous brokerage firms like Robinhood and Interactive Brokers LLC, which offer Bitcoin Cash.

3

The Steps of Acquiring Bitcoin Cash

Now that you know where you can get Bitcoin Cash, it is time that you learn HOW you can get it from those sources. Follow these steps if you wish to acquire BCH:

  1. Choose a platform to buy Bitcoin Cash from

We have listed the various platforms where you can avail of Bitcoin Cash. Decide which platform best caters to your needs and proceed to that platform for the next step.

  1. Decide on a payment option to pay for BCH

Once you have headed to the platform of your liking, it is time to make the payment. There is usually a long list of payment options offered by crypto platforms. You can check multiple platforms to see which platform gives you the payment option you are most comfortable with.

  1. Place your order

Finally, after making the payment, place the order for Bitcoin Cash. Select the number of tokens you wish to buy, and complete the order.

  1. Receive and safely store your BCH

Once your order is processed, you will receive the BCH in your cryptocurrency wallet. So make sure you have created an account in a cryptocurrency wallet beforehand. Then, once you accept the BCH, store them safely in your crypto wallet.

FAQ

Is Bitcoin Cash the same as Bitcoin?

Although the initial source code is the same for both platforms, Bitcoin is different from Bitcoin Cash. It is a hard fork of BTC.

When was Bitcoin Cash launched?

Bitcoin Cash was created in 2017 after divided opinions on the Bitcoin Improvement Proposal. 

Where do I get Bitcoin Cash?

There is a long list of platforms that offer Bitcoin Cash. For example, cryptocurrency exchanges, trading apps, brokerages and BCH ATMs.

How do I store Bitcoin Cash?

There are many BCH wallets available in the market. Depending on what kind of wallet you want, you can store BCH in digital wallets, offline wallets or paper wallets.

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