Discover how to buy Bitcoin Cash (BCH) on an exchange you can trust
Getting started with crypto can feel overwhelming, but learning where and how to buy crypto is simpler than you might think.
Bitcoin Cash (BCH) is currently at
$595.20
$7.1000 (+1.19%)
Last updated on --.
How can I buy Bitcoin Cash on OKX?
Whether you're new to crypto or an experienced trader, you can buy Bitcoin Cash using the OKX Wallet or Exchange.
Step one
Get OKX
Download the app and sign up in a matter of minutes.
Step two
Fund your account
Deposit funds via bank transfer, credit card, or Apple Pay.
Step three
Choose Bitcoin Cash
Select Bitcoin Cash and buy using your chosen method.
Step four
Receive your Bitcoin Cash
Confirm your purchase and store your Bitcoin Cash in your portfolio.
What's Bitcoin Cash?
Bitcoin Cash is a type of digital money, like an online version of cash. It was created to make sending money to others faster and cheaper. Imagine you want to give a friend a dollar, but instead of handing them a paper bill, you send it through the internet. Bitcoin Cash helps people do this quickly and with low fees, solving the problem of slow and expensive transactions in the digital world.
How can I buy Bitcoin Cash?
1) Visit OKX and create an account by providing your email and setting a password. 2) Verify your identity with a government-issued ID to comply with U.S. regulations. 3) Fund your account using a bank transfer, credit card, or other local payment methods. 4) Once your account is funded, navigate to the 'Buy Crypto' section. 5) Select Bitcoin Cash, enter the amount you wish to purchase, and confirm the transaction.
Why do people buy Bitcoin Cash?
People buy Bitcoin Cash because it allows for fast and low-cost transactions, making it useful for everyday payments. It's widely accepted in various online and physical stores, enhancing its utility. Bitcoin Cash also supports peer-to-peer transactions without needing a bank, offering financial freedom. However, it's important to note that its value can fluctuate, and it's not universally accepted everywhere yet.
Things to know before buying Bitcoin Cash in the United States
In the United States, cryptocurrencies like Bitcoin Cash are legal but regulated. You must complete KYC/AML verification when buying or selling. The IRS considers cryptocurrency as property, so you may need to report gains or losses on your taxes. If you earn Bitcoin Cash through work or rewards, it might be considered income. Always consult a tax professional for detailed advice.
What are other ways to own Bitcoin Cash?
You can obtain Bitcoin Cash without buying it by participating in airdrops, where free tokens are distributed to users. Some platforms offer Learn-and-Earn programs, rewarding you with Bitcoin Cash for completing educational tasks. You might also earn it by providing liquidity in certain financial services or through referral programs. These methods require effort and understanding of potential risks.
How can I store my Bitcoin Cash?
To keep your Bitcoin Cash safe, you can use a custodial wallet, where a service holds it for you, or a non-custodial wallet, where you control it. Hot wallets are online and convenient but less secure, while cold wallets are offline and more secure. Always back up your wallet and keep recovery phrases safe. Use strong passwords and enable two-factor authentication to protect your assets.
Why should I buy Bitcoin Cash on OKX?
Learn more about the security measures keeping your Bitcoin Cash safe and readily available.
Proof of Reserves
Our 1:1 reserve ensures your funds will always be available to you.
High liquidity
Our high trading volumes mean deeper liquidity and smoother execution for you.
Transparency
We ensure historical market data is available to you at all times.
Security
We adhere to the strictest global security and compliance standards.
Learn more about how to buy Bitcoin Cash (BCH)
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How to get Bitcoin Cash for free
Invite friends, earn rewards
See how you can get free Bitcoin Cash when you invite friends to trade with you.
Earn APY on your crypto
Earn interest down to every dollar and watch your Bitcoin Cash grow, for free. Put your crypto to work, 24/7.
Join airdrop campaigns
You can get free Bitcoin Cash airdropped to you when you join campaigns.
See what you can do with your crypto
Now that you’ve mastered the art of buying crypto, check out its potential.
Trade Bitcoin Cash
Take advantage of price fluctuations and trade your Bitcoin Cash for other cryptocurrencies.
Send Bitcoin Cash
Send your Bitcoin Cash anywhere, anytime with fast, low-cost transfers.
Spend Bitcoin Cash
Use your Bitcoin Cash to pay for goods, services, and experiences seamlessly.
Hold Bitcoin Cash
If you think your Bitcoin Cash will increase in value, you can hold onto it.
Sell Bitcoin Cash
Convert your Bitcoin Cash to cash quickly and securely.
How to buy Bitcoin Cash (BCH) FAQ
Depending on where you’re located, you can use bank transfer, credit/debit card, or Peer-to-Peer. Read our guide on how to use these different payment methods to buy Bitcoin Cash BCH safely on a trusted exchange like OKX.
Choose the best exchange to buy Bitcoin Cash (BCH) depending on your individual needs. Factors to consider when picking the best place to buy Bitcoin Cash (BCH) include: security measures, platform transparency, fees, and efficient transaction processes. First-time beginners can consider trusted exchanges such as OKX.
Countries and regions differ on how digital assets transactions and holdings are taxed and how they view digital assets in general (money, property, commodity). In general, it is expected that you will pay capital gains tax when selling or swapping Bitcoin Cash. Refer here for a more detailed guide.
There are exchanges that offer users privacy and do not require verification to complete transactions. However, it is important to exercise caution as such exchanges might be more prone to fraud.
Use a trusted, centralized exchange such as OKX, which offers the ability to buy and sell Bitcoin Cash (BCH), as well as fiat withdrawal options.
This depends on the method you use to convert Bitcoin Cash (BCH) to cash. Withdrawals to a bank can take one to three working days to process, while withdrawals to a debit card can be almost instantaneous.
Disclaimer
This is provided for informational purposes only. It is not intended to provide (i) investment advice or an investment recommendation, (ii) an offer, solicitation, or inducement to buy, sell or hold digital assets, or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, are subject to market volatility, involve a high degree of risk, and can lose value. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. Please consult your legal/tax/investment professional for questions about your specific circumstances. Not all products are offered in all regions. For more details, please refer to the OKX Terms of Use and Risk Warning. OKX Web3 Wallet and its ancillary services are subject to separate Terms of Service.
You are viewing content that has been summarized by AI. Please be aware that the information provided may not be accurate, complete, or up-to-date. This information is not (i) investment advice or an investment recommendation, (ii) an offer, solicitation, or inducement to buy, sell or hold digital assets, or (iii) financial, accounting, legal or tax advice. Digital assets are subject to market volatility, involve a high degree of risk, and can lose value. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. Please consult your legal/tax/investment professional for questions about your specific circumstances.
You are viewing content that has been summarized by AI. Please be aware that the information provided may not be accurate, complete, or up-to-date. This information is not (i) investment advice or an investment recommendation, (ii) an offer, solicitation, or inducement to buy, sell or hold digital assets, or (iii) financial, accounting, legal or tax advice. Digital assets are subject to market volatility, involve a high degree of risk, and can lose value. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. Please consult your legal/tax/investment professional for questions about your specific circumstances.