What is the Safest Way to Purchase Bitcoin Cash? - Top 3 BCH Platforms Reviewed

Bitcoin Cash was the result of a split in the blockchain. It arrived in August 2017 as a way to increase Bitcoin’s block size to process more transactions, thus improving upon Bitcoin’s issue of scalability. Those who had Bitcoin at the time of the split could claim an equal amount of Bitcoin Cash as well. You can still do this today if you have not claimed your Bitcoin Cash yet, although you will need to follow a few steps to do so. 

 


 However, most people who want Bitcoin Cash at this point will choose to buy it. Today, Bitcoin Cash is available on several exchange services, although not as many as some of the major cryptocurrencies can enjoy. The following three exchanges all make it easy to buy Bitcoin Cash

CEX.IO

Once, it was the very first and the largest cloud mining provider to offer its services. Since then, CEX.IO has turned into a multifunctional exchange widely regarded as one of the best. You can buy Bitcoin Cash or other altcoins via its website or mobile app. There’s a support team that is ready to answer all your questions 24/7 and solve the issues arising when you use a platform. 

When paying with a fiat currency, you can choose to deposit via a bank transfer or services like Visa and Mastercard. There is no fee for a bank transfer, but paying by card can lead to a fee of up to 3.5 percent. Also, there is no fee to make a deposit in BTC before buying Bitcoin Cash. Trading fees for BCH are based on the maker-taker model, with makers paying between 0.16 and 0 percent, depending on their monthly trading volume, and takers paying between 0.25 and 0.1 percent. 

If you eventually decide on buying Bitcoin Cash via CEX.IO, you can make use of the charts and graphs presented on the website. The main page shows a candlestick chart with adjustable time intervals, so you can discover trends and make predictions before making an investment. There’s also a market depth graph to give an idea of how much BCH you can buy or sell. Moreover, you can view the BCH trade history on the platform and thus check the liquidity. 

Kraken

The most used BTC/EUR exchange platform at the moment, it was launched as early as in 2011. There are also JPY, GBP, CAD, and USD among supported currencies. This was the very first platform offering crypto services that had its prices and volume of trade shown on the Bloomberg Terminal.

As with CEX.IO, Kraken follows the alike taker-maker model when charging trading fees. Makers pay fees of between 0 and 0.16 percent, and takers pay fees from 0.1 to 0.26 percent, depending on their trading volume. All fiat deposits and withdrawals on Kraken require a bank wire, except for EEA countries, which can use SEPA deposits of EUR and JPY. There are also small fees for deposits of fiat currency. 

Unsurprisingly, you can view Kraken’s charts without logging in or creating an account, although you must have an account to buy BCH or any other crypto. The page for each specific trading pair shows recent trades on the right side of the screen, with the order book displayed below it. Kraken does not operate as an instant exchange, instead, the platform matches those who want to buy and sell. For that reason, it does not have a chart tracking the BCH price. Charts on the website show the spread between bids and asks, the market depth, and the market volume.
 
Bitfinex

Bitfinex has been on the market since 2012, among the first professional platforms for cryptocurrency trading. Although you cannot view the charts and graphs on Bitfinex without having an account, this platform is the ideal place for experienced traders to buy Bitcoin Cash. 

The only way to buy Bitcoin Cash from Bitfinex with fiat currency is via USD, but you could first buy Bitcoin or Ethereum with EUR, GBP, or JPY on the exchange and then use that crypto to buy BCH. 

Your homepage on Bitfinex shows the list of all supported pairs, divided into tabs based on whether they include USD, EUR, GBP, JPY, BTC, ETH, or EOS. Use the search bar or scroll through the relevant tab to find the Bitcoin Cash pair you want to use. You will then see the last price, the 24-hour change, and the 24-hour volume for that pair. Once logged in, visit the charts to get a visual representation of the crypto pair, where you will also find advanced chart tools.
 
If you do plan on active trading, you can use Bitfinex to take advantage of multiple order types, margin funding, and margin trading, as well as the cryptocurrency exchange features.

Conclusion

Those who want to invest in Bitcoin Cash will find themselves with many exchange services to choose from. Depending on the one you select, you may be able to buy Bitcoin Cash with fiat currency, like USD, or you may need to first convert your fiat to crypto, typically either Bitcoin or Ethereum. The process should always be relatively straightforward, and the best exchanges provide help centers with detailed instructions.
 
 
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