Buy Bitcoin Cash (BCH) with Credit or Debit Card with Lowest Fees

Who Created Bitcoin Cash?

Bitcoin Cash was created in August 2017 as a result of a divergence in the Bitcoin community. Satoshi Nakamoto, the anonymous creator of Bitcoin, published the genuine whitepaper and released the first Bitcoin software in 2009. However, due to issues of increasing unreliability and high fees, the community faced challenges in reaching a consensus on increasing the network capacity.

During the period from 2016 to 2017, some developers disagreed with Satoshi's plan and preferred Bitcoin to become a settlement layer rather than a peer-to-peer electronic cash system. This disagreement led to a decrease in Bitcoin dominance from 95% to as low as 40%.

However, a significant portion of the Bitcoin community, including developers, investors, users, and businesses, still believed in the original vision of Bitcoin as a low-fee, peer-to-peer electronic cash system accessible to everyone.

To address the usability problems and maintain the original vision, Bitcoin Cash was created on August 1st, 2017, by increasing the maximum block size. This change allowed for larger blocks, enabling faster and cheaper transactions. As a result, anyone who held Bitcoin at that time became an owner of Bitcoin Cash.

Bitcoin Cash now supports up to 32MB blocks and continues to conduct research for future increases in block size to accommodate the growing demand. The creation of Bitcoin Cash aimed to provide a scalable and efficient cryptocurrency that remains true to the original principles set forth by Satoshi Nakamoto. The main proponent and leader of the Bitcoin Cash community is Roger Ver, who is often referred to as "Bitcoin Jesus."

How Is Bitcoin Cash's Market Price Determined

The market price of Bitcoin Cash is determined by various factors.

One key factor is supply and demand - when there are many people willing to buy Bitcoin Cash and limited supply available, the price tends to increase. Conversely, if there are too many people eager to sell Bitcoin Cash and lower demand, the Bitcoin Cash price, as well as its market cap, may sag.

Market sentiment and investor confidence also play a role in determining the price. News, events, and regulations related to cryptocurrencies, as well as general market trends, can impact the perceived value of Bitcoin Cash and influence its price.

Competition from other cryptocurrencies, advancements of the BCH protocol, and the general state of the global economy can also affect the current price of the virtual currency.

Why Buy Bitcoin Cash?

There are many reasons why people start buying BCH.

Global Transfers Almost for Free

Bitcoin Cash enables individuals to effortlessly transfer funds globally, without any geographical restrictions or time limitations. Similar to the uninterrupted nature of the Internet, the Bitcoin Cash network operates continuously, ensuring seamless transactions around the clock. Whether it's a substantial or minuscule amount, Bitcoin Cash accommodates all transaction sizes. Most importantly, no external authorization or consent is required to initiate transactions, empowering users with complete control over their financial dealings.

Full Control over Money

The incidents in Cyprus and nearly in Greece, where political leaders seized capital from account holders (commonly known as "bail-ins"), illustrated that bank deposits are subject to the decisions of political leaders and are not entirely secure. Even in favorable circumstances, banks can make errors, withhold funds, impose account freezes, and restrict access to your own money. Banks have the authority to block transactions, levy charges, or abruptly close accounts without prior notice. In contrast, Bitcoin Cash empowers you with complete and independent control over your funds, enabling you to access them from anywhere in the world.

A Scarce Digital Asset with a Fixed Supply

The Bitcoin Cash protocol establishes a maximum limit of 21 million coins, preventing any further increase in its supply. In contrast, governments have a tendency to continually print money, leading to inflation and the erosion of individuals' savings. Bitcoin Cash, with its fixed supply, serves as a reliable form of currency, embodying the concept of sound money.

Increased Financial Privacy

Bitcoin Cash (BCH) provides enhanced privacy and anonymity compared to conventional payment systems such as bank transfers and credit card payments due to the inherent difficulty in determining the controller of a Bitcoin address. The level of privacy offered by Bitcoin Cash can vary depending on its usage, thus it is crucial to acquire a comprehensive understanding before utilizing BCH for privacy-specific objectives.

Token Ecosystem

Utilizing a blockchain to store and manage tokens offers enhanced transparency and integrity compared to conventional methods of asset accounting and trading. Bitcoin Cash facilitates token protocols that enable a wide range of projects, and the process of creating your own token-backed endeavors is straightforward.

Best Ways to Purchase Bitcoin Cash Safely

When you are planning on buying Bitcoin Cash (BCH) safely, one of the best ways is through Bitcoin exchanges, like Changelly. Changelly offers a seamless and secure platform for purchasing Bitcoin Cash and other cryptocurrencies, with a variety of integrations with leading exchanges and fiat vendors. This allows users to easily convert their dollars and other fiat currencies into Bitcoin Cash with ease, convenience, and trust.

One of the paramount features of Changelly is its strong security measures, ensuring that all transactions are encrypted and user information is unexposed to cyber threats. The service is non-custodial, where you launch all transactions right from your wallet you have total control over.

Changelly offers fast procurement, allowing users to purchase Bitcoin Cash within seconds. Users can buy Bitcoin Cash instantly without the hassle of extensive verification procedures or lengthy waiting times.

Changelly guarantees the best rate, ensuring that users get the most favorable exchange rate for their Bitcoin Cash purchases. With the support of over 550 crypto assets to get with fiat money, Changelly is one of a few cryptocurrency exchanges that are truly beginner-friendly.

How to Buy Bitcoin Cash with a Credit and Debit Card

If you want to buy Bitcoin Cash (BCH) with a credit or debit card, the procedure is fairly simple. Here is a comprehensive guide to doing so.

To get started, you need to find a reputable cryptocurrency exchange that supports Bitcoin Cash and accepts credit or debit card payments, such as Changelly.

Once you've picked a company, you'll need to create an account and complete the necessary verification process if so is required. The ID check is done once, and if completed successfully, future purchases will be processed momentarily.

Then, you can navigate to the trading section of the platform and select Bitcoin Cash as the digital currency you want to invest in. Enter the desired amount of crypto, specify the fiat currency (e.g. US dollars or Euro), and enter your card details.

Next, you should carefully review the transaction order, paying attention to any fees involved. If you are happy with the terms, you can confirm the purchase. The crypto asset will then be credited to your Bitcoin Cash wallet.

Note, if you are using Changelly or another non-custodial exchange service that does not hold funds of users, you will also have to provide your wallet address – the delivery destination for your just-acquired BCH savings. If you do not have any crypto wallet yet, Changelly can easily help you get one when you buy crypto through our platform.

How to Buy Bitcoin Cash with Bank Transfer

If you are interested in purchasing Bitcoin Cash (BCH) using a bank transfer, the procedure is fairly similar to using a debit or credit card, with a few slight variations. Instead of inputting your card information, you will only need to provide your bank account details.

Although wire transfers may take slightly longer to settle compared to card payments, they often entail a lower transaction fee. Once you have inputted your bank account information, you will be able to effortlessly purchase BCH and begin your venture into the world of cryptocurrencies.

How to Buy Bitcoin Cash with Apple Pay or Google Pay

To invest in Bitcoin Cash (BCH) with the utmost ease, you can use Apple Pay or Google Pay. These cashless payment systems are well-known for their security and convenience to facilitate both online and in-store purchases.

To begin, download the mobile application of the crypto exchange platform you prefer. Changelly has mobile apps for iOS and Android mobile devices to buy and sell crypto on the go. This lets you link your Apple Pay or Google Pay wallet, allowing you to easily purchase BCH and other crypto coins with just a few taps.

Once you have the app, log in to your account. New customers may need to complete a registration process with an identity check, depending on the amount of BCH they desire to get.

Once logged in to your profile, you should go to the “Buy Cryptocurrency” page and select Bitcoin Cash as your coveted crypto assets. After entering the amounts to buy and spend, choose “Apple Pay or Google Pay” as your payment option and press the “Buy” button.

By using Touch ID, Face ID, or a password (depending on your Apple Pay or Google Pay settings), you can instantly purchase Bitcoin Cash (BCH) just with a swipe on your smart telephone.

How to Buy Bitcoin Cash with PayPal

PayPal allows customers to trade cryptocurrencies through its mobile app. For example, you can buy, sell, trade, send, and store Bitcoin Cash, Bitcoin, Ethereum, and Litecoin from PayPal’s specialty app. However, PayPal’s cryptocurrency trading is currently available to USA users only.

Alternatively, buying Bitcoin Cash with PayPal funds may be possible through certain peer-to-peer marketplaces, crypto trading platforms, cryptocurrency broker websites, and centralized cryptocurrency exchanges.

Please be aware that PayPal transactions can be reversed. Both buyers and sellers have the ability to request chargebacks if they believe a transaction was unauthorized. This can be risky for individuals, as it can result in the loss of assets after the transaction has occurred. To minimize this risk, it is important to only engage in trades with reliable and carefully evaluated parties.

Buying Bitcoin Cash from ATM

According to the website Coin ATM Radar, there are over 36 thousand crypto automated teller machines in the world, and the majority of them let you buy and sell BCH with cash.

This is how it generally works with most such kiosks.

1. Create a digital wallet. To use a Bitcoin ATM to purchase BCH tokens, you will need a wallet, so the machine knows where to send your assets after a purchase.

2. Enter your personal details. At the ATM, you should select the amount of crypto you wish to purchase. Some machines may request you to enter your phone number, name, and email address.

3. Check the payment details. You will get a verification code sent to your phone. Enter the code at the machine.

4. Choose the asset you’d like to purchase. The terminal will ask you to provide your crypto wallet address. Your wallet address can generally be accessed by pressing the “Receive” button or the QR code in your wallet app.

5. Insert cash into the Machine. Once the transaction is complete, choose to print your receipt or send it via email. Your coins will get to your wallet very quickly.

Although the process is very straightforward and it allows you to buy Bitcoin Cash instantly, do not expect to pay a low fee when using a crypto ATM. Such machines are notoriously known for their excessive service costs, while the price they sell BCH at is not always close to the market price.

How to buy Bitcoin Cash with Cash

If you're looking to buy BCH with cash, there are several methods, apart from crypto ATMs, which can make your journey into the crypto world a seamless one.

You can visit online crypto exchanges that offer Bitcoin Cash (BCH) and support various payment options, including direct cash deposits, wire transfers, e-wallets or other popular schemes to pay with.

Another path to take is peer-to-peer (p2p) platforms that facilitate the exchange of cash for cryptocurrencies. These platforms connect you with individuals who are eager to sell BCH coins for cold hard cash.

You can buy Bitcoin Cash in person by finding individuals or businesses willing to sell Bitcoin Cash for paper banknotes. Many social media platforms, forums, and cryptocurrency meetups have communities where individuals are open to in-person cash transactions.

A nifty option to consider when buying BCH with cash is also crypto vouchers. These vouchers function similarly to gift cards, enabling you to purchase a specific amount of cryptocurrency, including BCH, and redeem it later on a participating crypto platform. These vouchers are available at select retail stores or websites like Crypto Voucher io, providing a convenient way to begin using Bitcoin Cash by utilizing traditional fiat currency.

How to Buy Bitcoin Cash with a Prepaid Card

Prepaid cards are preferred by customers who wish to protect their personal information while purchasing BCH. These cards are independent of your bank card, ensuring a level of privacy when investing in cryptocurrency.

All you need is to load funds onto your prepaid card to facilitate the purchase of BCH. Then, locate a trustworthy cryptocurrency exchange that accepts prepaid cards as valid payments, and purchase Cash (BCH) similarly to how you would do with a normal credit card or a debit card.

What Can You Buy With Bitcoin Cash?

There are tons of opportunities to spend Bitcoin Cash. Big-name e-commerce platforms, such as Overstock, Newegg, and Shopify, provide customers with the option to use Bitcoin Cash for their online purchases.

The travel industry has seen a growing number of companies, including CheapAir and Travala, enabling travelers to book flights, hotels, and other travel-related services using BCH as a payment method.

Not limited to just online purchases, physical retailers are also joining the revolution, with companies like Burger King and AT&T now accepting Bitcoin Cash as a means of payment.

The gaming industry has embraced BCH, with platforms like Twitch allowing users to support their favorite streamers using this cryptocurrency.

Bitcoin Cash Wallet: Where to Store Your Bitcoin Cash Coins?

To save your precious BCH holdings, you should use a reliable crypto wallet. However, these storage solutions do differ in terms of features and security measures, leaving it up to you to decide which product suits your needs and goals better.

Hardware Wallets

• Ledger. Ledger is a popular hardware wallet that offers secure storage for cryptocurrencies like BCH.

• Trezor. Trezor is another well-known hardware wallet brand that holds funds offline and provides enhanced security features.

Software Wallets

• Exodus. Exodus is a software wallet and cash app that allows users to store and manage multiple cryptocurrencies, including BCH, in a user-friendly interface.

• Cypher. Cypher is a software wallet specifically designed for BCH, offering features like easy mobile and desktop access to funds.

• Flowee Pay. Flowee Pay is a software BCH wallet that supports BCH and provides a simple and intuitive user experience.

Paper Wallets

Satochip. Satochip is a paper wallet generator that allows users to securely store BCH offline by generating a BCH wallet address and private key on a physical medium.

Web Wallets

Keep Key. Keep Key is a web wallet that supports multiple cryptocurrencies, including BCH, and offers secure storage and easy accessibility through a web browser.

How to Cash Out Bitcoin Cash?

Selling BCH for cash is possible through the same avenues used for buying cryptocurrency. These include cryptocurrency exchanges with fiat-to-crypto functionalities (like Changelly) and peer-to-peer marketplaces to trade Bitcoin Cash for fiat with other individuals.

You can also sell BCH coins for local money through a crypto ATM. Such crypto vending machines are scattered throughout the world, and they support fiat withdrawals as well.

A convenient option is the crypto debit card, which enables individuals to use their cryptocurrencies, like BCH, for purchases at any merchant that accepts standard Mastercard or VISA cards. This card serves as a link between traditional fiat currencies and digital assets by allowing users to convert their cryptocurrencies into fiat currency at the time of the transaction. Notable providers of this service include Wirex, Crypto.com, and Coinbase.

It is possible to convert Bitcoin Cash (BCH) into traditional fiat currency by utilizing a gift card. A crypto gift card is a form of card, either digital or physical, that holds a specific amount of cryptocurrency. This enables the recipient to utilize it for paying for goods or services from retailers that accept cryptocurrency as payment, or use such a card at regular ATMs. This method offers a convenient way to turn BCH or other cryptocurrencies into traditional fiat currency. Many companies, such as Bitrefill, Gyft, and eGifter, offer services for crypto gift cards.