How to buy & invest in Bitcoin Cash a step by step guide

Where to buy Bitcoin Cash

Below are the popular crypto exchanges based on user experience,security,fee structure and supported coin, that you can use to purchase Bitcoin Cash (BCH) in 2022.

Before moving forward i want to make it clear that the ranking of these exchanges are in no particular order. With that in mind - Let’s explore these crypto platforms one by one so that you can select the best cryptocurrency exchange to buying your Bitcoin Cash.

1. OKX

OKX is clearly one of the more prolific exchanges on the market. However, the platform's past conduct, particularly how it handled its own users, has been recognized, and it would be smart to anticipate better behavior in the future.

Aside from that, OKX provides a one-stop shop for cryptocurrency trading and investment. OKX costs are in accordance with industry norms, and the exchange claims that it has never been hacked, despite reports to the contrary circulating on multiple occasions.

At the end of the day, OKX is a top 30 exchange with plenty of liquidity - clearly, the exchange is doing something well since it is there.

Getting Started with OKX

Users must first create an account in order to utilize the exchange. The procedure is quite quick and straightforward. You can open an account with OKX by following the easy steps outlined below.

Step 1: Go to OKX official website and click the Sign up button.

Step 2: Enter your personal information and email with a secure password.

Step 3: Click the create account button after checking the box at the bottom of the form.

Step 4: Verify your supplied email address by clicking on the verification link that was delivered to your inbox.

Step 5: Enter the code that was delivered to your mobile device and click the Verify button. If you haven't received a code, select the Resend code option.

Step 6: When you first use the OKEx platform as a newly registered user, you will be able to select whether you are new or experienced in bitcoin trading.

How to buy Bitcoin Cash on OKX

Follow our step by step guide below to start buying Bitcoin Cash (BCH) on OkX Exchange:

1. Log in to your OKX Account.

2. Under the "Buy" tab, choose the fiat currency you wish to use and Bitcoin Cash from the dropdown menu. Then, enter the amount of fiat cash you wish to spend or Bitcoin Cash (BCH) you want to purchase.

3. Select your desired mode of payment (Credit Card, Bank Transfer or Crypto).

4. Your bought Bitcoin Cash will be instantly deposited to your OKX account after payment is completed.

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2. Binance

Binance is well-known for its cryptocurrency-to-cryptocurrency trading services. Binance came onto the scene during the 2017 crypto craze and has since risen to become the world's leading cryptocurrency exchange. 

By trading volume, Binance is the world's largest online cryptocurrency exchange. The exchange is also one of the most rapidly growing venues in the cryptocurrency market today. You can easily buy and sell Bitcoin Cash (BCH) using our step by step guide.

The exchange offers investors one of the most diverse selections of cryptos accessible on the market today. The currencies and tokens on sale range from the markets largest by market cap to some smaller and less well-known coins and tokens.

Getting Started with Binance

Users must first create an account in order to utilize the exchange. The procedure is quite quick and straightforward, and you do not need to verify your account for level 1, which has a daily withdrawal limit of 2BTC.

For level 2, which enables up to 100BTC every day, you must upload a picture ID and wait for approval. There are still greater restrictions, but you must contact them personally to arrange for them.

Follow the steps below to open a Binance account:

Step 1: Visit the Binance Website

Step 2: Click on the “Register” option in the upper right-hand corner and complete the relevant information. Binance will validate your account details throughout the registration process, which may take a few minutes.

Step 3: Enable 2-Factor Authentication.

Step 4: Select and Link you payment Methods.

Step 5: Deposit and Start trading.

Binance Pros

• Over 365 coins are available for trading on a global scale.
• A diverse range of trading options and order types are available.
• Low transaction costs.
• Payment options are supported in a variety of ways.

Binance Cons

• The platform is complicated and may be confusing for some people.
• U.S exchange is more limited than others.
• Binance has ran into regulatory issues in a number of nations.

How to buy Bitcoin Cash on Binance

Binance has a rich collection of tools and dashboards that might be overwhelming. Its Buy Crypto page makes it easy to cut through the confusion and conduct straightforward transactions. It has a simple interface where you can buy, sell, or convert cryptocurrency.

1. Login to your Binance account and on the homepage click on the “Buy Crypto “Button.

2. You can purchase Bitcoin Cash (BCH) using a variety of fiat currencies. Enter the amount of fiat money you wish to spend, and the system will calculate the amount of Bitcoin Cash you can acquire.

3. Select the payment method and fill the required information than Continue.

4. Please double-check the payment information and costs, and complete your purchase within 1 minute, otherwise the amount of Bitcoin Cash you may get will be adjusted depending on the current market price. 

5. You'll be taken to your bank's OTP Transaction Page. To validate the payment, follow the on-screen instructions. Following that, you will be able to see the acquired BCH in your Binance Spot Wallet immediately.

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3. Huobi Global

Huobi Pro is obviously and trades with lofty goals, as seen by its present aggressive worldwide expansion plan. As a trading platform, the exchange has few competitors in the cryptocurrency sector, and the breadth of digital currencies and tokens supported is a genuine strength. The alternative HADAX market will also earn many followers, and Huobi made a wise decision.

The registration procedure for traders who are not from China, Hong Kong, or Singapore is currently more difficult than ideal, but as local versions of the exchange come up in the United States and other Western countries, this should improve.

Huobi Global Pros

• A wide variety of supported cryptocurrencies.
• Simple to use interface.
• Low Fees for trading on the Exchange.
• Customer service chat is available 24 hours a day, seven days a week.
• Offer buying large amounts of cryptocurrencies on OTC Desk.
• There is an iOS and Android app available.

Huobi Global Cons

• It might not be suitable for novices.
• Hard to verify new accounts (KYC take some time).

Getting Started with Huobi Global

To create an account on Huobi Global Exchange follow these steps:

Step 1: Go to the official website and On the top right of the page, click "Sign up."

Step 2: Choose "Country," enter your mobile phone number in the "Phone" field, create a password, and then click "register."

Step 3: To complete registration, enter the verification code.

Step 4: To finish the KYC verification procedure and unlock larger withdrawal limits.

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4. Coinbase Exchange

Coinbase was established in 2012 as a platform for sending and receiving Bitcoin. The firm has expanded to accommodate dozens of distinct cryptocurrencies and now employs over 2,700 people globally. Coinbase is a decentralised organization with no central offices. You can easily buy and sell Bitcoin Cash (BCH) on Coinbase Exchange using our step by step guide.

The exchange has users in over 100 countries, and clients exchange over $327 billion every quarter. Coinbase oversees a thriving bitcoin ecosystem that serves 9,000 financial institutions.

It has two distinct trading platforms, as well as a separate bitcoin wallet service. You're likely to find all you need to create and manage a bitcoin portfolio or trading plan among the Coinbase offerings.

Coinbase Exchange Pros

• Cryptocurrency exchange that is safe and secure.
• Simple and user-friendly interface.
• Limits and liquidity are impressive.
• Accepted in more than 30 countries.
• Top rated best mobile app.
• Advanced trading platform provides free cryptocurrencies to let you learn about new digital tokens.
• Provides a Coinbase debit card that may be used to spend bitcoin anywhere.

Coinbase Exchange Cons

• To buy cryptocurrency with a debit card, you must pay a charge of 3.99 percent.
• The standard trading commission is 1.49 percent.
• Trading instruments are limited.
• There are no copy trading or social trading capabilities.
• Crypto exclusively - no other assets, like as stocks, are available for investment.

How to buy Bitcoin Cash on Coinbase Exchange

Follow our step by step guide below to start buying Bitcoin Cash (BCH) on Coinbase Exchange:

1. Log in to your Coinbase account.

2. On the upper right-hand side, click Buy / Sell.

3. Select Bitcoin Cash from the list of cryptocurrencies and click the Buy button.

4. Enter the amount you want to buy in BCH or your local money.

5. Choose a payment method (Credit card, Bank Transfer or Crypto).

6. To confirm your purchase, click Preview Buy (you can always click the back arrow to make a change).

7. If all of the information is accurate, click Buy to complete your transaction.

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5. Gate.io

Gate.io is a Cryptocurrency exchanges platform that allows you to trade Bitcoin, Litecoin, Eth, and other blockchain assets. Within a few years, the exchange acquired global traction and is today available in virtually every country on the planet. However, the platform is presently not active in China, and its registered office has been relocated to Virginia, USA.

This trading platform not only supports over 800 main cryptocurrencies with over 1,000 trading pairings, but it also offers spot trade and margin trade. It has also expanded its offerings to include ETFs, options, futures, and derivatives for investors. It is primarily a platform for professional traders. Beginners with minimal expertise, on the other hand, will benefit from this platform as well.

Gate.io Features

The following are some of the exchange's features:

1. The platform includes an easy-to-use design that is intended for both rookie and experienced traders.
2. Apart from crypto trading, it allows margin, options, or swaps trading (spot exchange) with leverage of up to 100x.
3. Provides traders with real-time market information and important charting tools for trading Altcoins, stablecoins, and DeFi tokens.
4. Demo version available.
5. Provides HODL profits through cryptocurrency investments.
6. Allows for the pledging of one cryptocurrency asset in order to borrow another cryptocurrency asset.
7. System with low trading fees, including no zero deposit charge and very minor withdrawal fees.
8. Customer help is provided 24 hours a day, as is a detailed FAQ section and other resources.

Getting Started with Gate.io

Creating an account on Gate.io is pretty simple and straightforward, just follow these simple steps below.

Step 1: Go to the official Gate.io website and click Sign Up.

Step 2: On the next screen, enter your email address, and create a password.

Step 3: Next: You must generate a fund password (This password adds an extra layer to your security as without this key no one can withdraw funds from your account).

Step 4: You will be prompted to confirm your email address.

Step 5: Once you've verified your email, you can simply Login to the site and begin trading!

Note: Due to changing regulations, You might need to go through a KYC process to verify your identity.

How to buy Bitcoin Cash on Gate.io

Follow our step by step guide to buy Bitcoin Cash (BCH) on gate.io:

1. Log in to your Account on Gate.io.

2. Click Buy Crypto fro main menu located at top bar. Here you will find three ways to buy BCH coin (Credit card, Bank Transfer, P2P Trade).

3. Enter the purchase amount in USD. Now select/search Bitcoin Cash from dropdown menu.

4. Incase of Credit card, gate.io offer multiple processing partners, select the one that offer services in your country.

5. Accept the terms and conditions and click Purchase.

Now you are Proud investor in Bitcoin Cash (BCH).

If you want to buy Bitcoin Cash with another cryptocurrency. First, Transfer that currency into the Gate.io exchange using Deposit method after that go to the market page, search for BCH and buy it using your deposit cryptocurrency.

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Other Exchanges to buy Bitcoin Cash

Aside from using above popular platforms, there are variety of smaller cryptocurrency exchanges where you can buy BCH.

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Buy Bitcoin Cash on Decentralized Exchanges.

Below, you will find comprehensive and detailed review about top rated decentralized exchanges using which you can buy Bitcoin Cash (BCH) easily.

1. PancakeSwap (v2)

PancakeSwap is the most popular and widely used AMM for staking and yield farming. The exchange's trade volume exceeds $650 million. PancakeSwap is now the largest project running on BSC, and this momentum is anticipated to continue even if DeFi gains traction.

Still, adding PancakeSwap to a BSC is a significant step in the right way since it lets customers to engage in DeFi without worrying about expensive transaction fees or sluggish transaction speeds. While the market remains unpredictable and dynamic, the PancakeSwap team is working hard to provide an open and transparent platform that provides a number of ways to profit from crypto assets. There is also an emphasis on enhancing user experience in order to enhance platform usage, even among new users.

PancakeSwap (v2) Features

PancakeSwap features that describe what more users may accomplish in the exchange. For example, take a look at the PancakeSwap farms, where users may invest their LP tokens to make extra cryptocurrency. 

Meanwhile, PancakeSwap provides a quick and secure way to exchange tokens from BNB or any other BSC supported token to the cryptocurrency of your choosing on the BSC network. Best of all, customers of the exchange may profit from the BSC blockchain's minimal gas prices. As a result, traders and investors may optimize their profits by exchanging crypto with a high degree of security. PancakeSwap is intended to do a variety of features, including:

1. BEP20 tokens are traded.
2. Users can provide liquidity to exchanges in exchange for benefits.
3. CAKE token holders may put their money on the line.
4. Users may use their liquidity power tokens to get access to further incentives.
5. CAKE tokens may be compounded to obtain even more CAKE tokens.
6. To optimize overall yields, use a variety of staking platforms.

How to buy Bitcoin Cash on PancakeSwap (v2)

In this section, we'll go through below steps on how to make your first Bitcoin Cash purchase on Pancakeswap.

Step 1: Go to Pancakeswap.finance, click Connect Wallet and select Metamask or Trust Wallet. After connecting your wallet to Pancakeswap, you can now begin trading tokens on the Pancake official site.

Step 2: Click Trade > Swap from the main menu. Select the token you want to trade for, and the token you want in the top section (in our case Bitcoin Cash), You can also search Bitcoin Cash (BCH) in Coinmarketcap and copy/paste the BCH contract in Pancakeswap.

Step 3: You are now ready to place your order. You can put a number in the top area to specify how much you want to spend, or a number in the bottom field to specify how much you want to purchase.

 

Step 4: Before you finalize the conversion, go through the details and double-check that everything is in order. When you're finished, simply press "Swap" and then "Confirm Swap." That’s all.

As soon as the trade is verified, Bitcoin Cash will appear in your wallet.

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Conclusion

Choosing the best cryptocurrency platform for Bitcoin Cash (BCH) might be a difficult task, there are various factors that one should consider before selecting a crypto exchange. These include the fees structure, security, exchange features, and whether it is based on fiat or crypto.
Remember, once you have shortlisted some exchanges, do your research on each of them to identify the most appropriate for you.

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