Bitcoin Cash Exchange
Exchanges Affect Bitcoin Cash’s Success
Popular Bitcoin exchanges can make or break a cryptocurrency. Since Bitcoin Cash is supported by prominent exchanges like Bittrex, Korbit, and Bithumb, the altcoin has been making noise on the market. OKEx, one of the reliable digital asset trading platforms worldwide, was the first to create a Bitcoin Cash market, giving the altcoin more buzz. The emergence of more exchanges for Bitcoin Cash followed suit as demand for the virtual currency grew.
Knowing the roles now played by every Bitcoin Cash exchange as the coin joins the cryptocurrency revolution, you have to keep abreast with the changes. Find out the easy steps to buy BCH and the recommended exchanges that you can go to.
3 Easy Steps to Buy Bitcoin Cash
- Choose your Bitcoin Cash wallet.
If there are plenty of exchanges that accept BCH, there are also numerous wallets that you can choose from. The most commonly used wallets such as KeepKey, Copay, and Bitpay are just some of your options. You will have an easier time looking for a wallet because the digital currency is widely accepted.
Unfortunately, because there are many wallet choices, you might have a hard time choosing the best one. You can do this by researching about the good features of the wallet, taking a closer look at tight security and user-friendly interface. You may also consider asking your friends about the level of satisfaction with the BCH wallets they use.
- Register with a reliable exchange that accepts Bitcoin Cash.
Kraken, Tidex, and CEX.io are a few of the big-time exchanges that allow you to buy BCH. The increasing popularity of BCH on crypto exchanges is good because you will not have problems when buying BCH.
After deciding which wallet to use, register with an exchange that accepts BCH. Another option would be to buy another cryptocurrency first like Bitcoin or Ethereum, then convert it to BCH. This strategy takes time, that is why it is recommended that you choose the exchange that caters to the users not only of Bitcoin Cash but also of other cryptocurrencies.
- Transfer BCH to your wallet.
Your chosen exchange will move your BCH to your wallet after buying and trading your coins. Lucky for you, BCH has a Bitcoin Cash block explorer wherein you can check the status of your transaction. There will be three confirmations before the process is completed.
Where to Buy, Trade, and Sell BCH
- Hitbtc. This is an exchange, based in Europe, popular for its crypto trading pairs. It also promotes its decent liquidity and narrow bid.
- Poloniex. This exchange offers technical analysis charts and live chat. Trading fees on this exchange are flat at 0.25%.
- Bitfinex. This is one of the largest Bitcoin exchange platforms that allow margin trading exchange. It also has a cold wallet setup to protect the BCH accounts.
Bitcoin Cash exchanges are the gateways that will help you acquire and manage your own BCH. These are also where you can check the current price of the altcoin. If more exchanges support BCH, there is a possibility for the virtual currency to gain more users. Seeing the bright future ahead of Bitcoin Cash, you will find that this could be the best opportunity to choose an exchange and invest in BCH.