Bitcoin Cash (BCH) is a cryptocurrency (altcoin) that appeared in August 2017 as a result of the division of the “Bitcoin” network into 2 parts, or as it is also called, a hard fork. Users who had BTC on their wallets received the same number of coins in the new BCH cryptocurrency (on the official website you can see a list of wallets and exchanges that supported this). The emission of coins is limited to 21 million. The cost of Bitcoin Cash as of November 15, 2017 is $ 1327.
Due to the sharp growth of the bitcoin cash cryptocurrency at the beginning of November (over 100%), its capitalization today is 22.3 billion US dollars, which made it possible to enter the third place in this indicator, behind bitcoin and ethereum.
How to buy Bitcoin Cash (BCH)
Where and how you can buy bitcoin cash for rubles, dollars, euros and other fiat:
- Buy Bitcoin Cash on cryptocurrency exchanges: Binance, EXMO, Currency.com, Cex.io, FTX, Huobi, OKEx and others.
- Through e-currency and cryptocurrency exchangers. When exchanging, you should indicate the currencies of the exchange, the address of the Bitcoin Cash wallet, the amount.
- Through some electronic payment systems (Advcash, Payeer)
- Through p2p platforms.
- Through telegram bots.
On November 15, 2017, the BCH / USD rate surpassed the $ 2,000 mark ($ 2,477 according to the coinmarketcap website), reaching second place in terms of capitalization (over $ 40 billion), after which it went into correction due to profit fixation.
If you do not already have a wallet for storing BCH cryptocurrency, then you need to create one. More details about this, as well as about the methods of purchase, will be discussed below.
Review: how to buy bitcoin for rubles.
How to create a bitcoin cash wallet
To create a bitcoin cash wallet, you need to go to the official website www.bitcoincash.org and select the Wallet section. Both programs for installation on a computer and online services will be presented. I will describe two methods in more detail.
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A new window will appear prompting you to download a backup copy of the wallet, which you need to do to continue registration. It is better to save the file in a safe place.
Then, after entering the BTC.com wallet, select “Bitcoin Cash” from the list.
To see the address of the BCH wallet, go to the “Receive” section, each time a new one will be created, but all those created earlier will work and you can send cryptocurrency to them.
To transfer bitcoin cash cryptocurrency to another wallet, click “Send”, enter the address, amount and set the commission.
- Another option is to download and install a program like ElectronCash. There is no need to download the blockchain, the synchronization takes place online with the servers. Let me remind you that all available wallets can be seen on the website www.bitcoincash.org
Choose Electron Cash on it and go to the developer’s website, where the latest version is available for download. The code of the program is available on the github site, which can be reviewed and checked for vulnerabilities.
Each operating system (Windows, OS, Linux) has its own version of the BitcoinCash wallet. The boot file for Windows takes about 30 MB of space on your computer.
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There shouldn’t be any difficulties during the installation process. It will be necessary to save the chain of words (seed), thereby creating a backup copy of the wallet. Be sure to copy the words and save them in a text editor. In the next window of the program, they will need to be repeated in order for the installation of the program to continue. You just need to copy, paste and click “Next”. Next, you will need to come up with a strong password and this will complete the installation.
You can find the folder with the wallet file in the following ways: in Windows, enter% appdata% in the search box, there will be a Roaming folder, go into it and find Electron Cash, open and see another Wallet folder, where the default_wallet wallet file is located. The full path is: \ Users \ YourUserName \ AppData \ Roaming \ Electron Cash \ wallets.
General view of the wallet for Bitcoin Cash:
In the “File” menu, you can save a copy of the wallet file through the “Save copy” item. To see the address for receiving bitcoin cash click “Receive”. The rest of the addresses (20 in total, but you can increase the number) are available by clicking “Addresses”.
If the coin needs to be sent to another address, go to “Send”, enter the recipient’s address (Pay to), if necessary, add a comment (description), the amount (amount) and indicate the amount of the commission (fee), the higher it is, the faster it will be confirmed online.
I hope it is clear how and where to store Bitcoin Cash, as well as how to receive and transfer to another address.
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How to buy bitcoin cash in the exchanger
Buying bitcoin cash quickly and without registering on exchanges is to use an online exchanger where you can exchange your existing currency for cryptocurrency. The exchange process itself is standard and consists of the following stages:
- Find a safe and trusted e-money exchanger.
- Fill out the exchange form.
- Follow the instructions, transfer money to the account of the exchanger, and in exchange for you – Bitcoin Cash to the address that you specified in the application.
Reliable cryptocurrency exchangers that I use myself: Xchange, Prostocash, 60cek.
For example, the round-the-clock exchanger Xchange has been operating on the market for more than 4 years, has large reserves of currencies, reviews on the monitoring of Kurs-expert are positive.
For what you can buy Bitcoin Cash: for rubles of Russian banks Sberbank, AlfaBank, Raiffeisenbank, Gazprombank, VTB24, Tinkoff, Russian Standard, as well as from any Visa / Mastercard RUB; for electronic money Yandex, Qiwi, Payeer, Advcash, PerfectMoney; for cryptocurrency bitcoin, ethereum, litecoin, etc.
The application form is as follows (choose directions, amount, wallet to receive BCC and card number if you buy from it). For example, buy bitcoin cash for Sberbank rubles (the minimum exchange amount is 2000 rubles):
After transferring money, the cryptocurrency will be transferred to the wallet address specified in the application.
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Buying Bitcoin Cash on the Exmo exchange
You can buy and trade Bitcoin Cash through the Exmo cryptocurrency exchange, which is the most popular platform in the CIS and is in the top 10 in Europe. The site has been translated into Russian. The most famous cryptocurrencies are available for trading and exchange: bitcoin, monero, zcash, dash, ethereum, litecoin and others.
Official website of the exchange: exmo.me.
To register, just fill out the form by entering your email address; password. Read and agree to the Service Agreement. You will receive a link to confirm registration by e-mail, be sure to follow it to complete the registration. Mandatory verification for transactions with cryptocurrencies is not required. You need to verify your account if you use bank cards and transfers for replenishment or withdrawal, as well as some payment systems (Neteller).
The next step is to top up your balance. Accounts in dollars, euros, rubles and hryvnia are available on the exchange. Wallets for each cryptocurrency are created after registration. The purchased coin will be stored on them and available for transfer to your other local or online wallets for storage.
The exchange uses the internal currency – these are Exmo codes. Using them, you can quickly deposit and withdraw money, while there is no commission from the exchange. Codes can be bought or exchanged in partner exchangers: Xchange, 60cek.
The advantage of Exmo-code is that a large number of payment systems are available in exchangers: bank cards Visa, Mastercard; electronic money: Qiwi, Yandex, Advcash, Payeer and other popular exchange directions.
Further, the Exmo code must be downloaded on the website in the “Wallet” section – “Ex-code”:
To buy bitcoin cash and other cryptocurrencies, you can go to the “Exchange” tab and make an instant conversion at the market rate:
To buy, exchange and trade cryptocurrencies, you can go to the “Trades” tab. Select the desired currency pair and create a buy or sell order.
There are two types of EXMO orders:
- “By market” – executed instantly at the current rate;
- “Limit” – you set the cost yourself, if the price reaches it, the order will be executed.
After purchase, the cryptocurrency can be transferred to other wallets (select “Wallet” – “BCH” – “Withdraw”).
Buy Bitcoin Cash through payment systems
Another way to buy Bitcion Cash is by using some payment systems. For example, Advcash is one of the most popular for online settlements.
The purchase algorithm is as follows:
- You need to create a wallet on advcash.com.
- You do not have to go through verification, but it is advisable to do this to increase the limits and the ability to replenish the account from any bank card.
- Top up your account (only 5 accounts – dollar, euro, ruble, hryvnia, tenge and reais) by any available means: from a card, bank transfer, electronic money or using exchangers (for example, Prostocash)
- After crediting money, buy bitcoin cash. To do this, go to the “Transfer of funds” – “To e-currency” section.
And choose “Bitcoin Cash” from the list. Indicate the amount of the transfer, the address of the wallet to receive:
Further, carefully follow the instructions, the translation is carried out at the rate of the system instantly.
As you can see, this is an easy way to purchase BCH cryptocurrency.
Get BCH on the exchange
For example, on the Livecoin exchange, trading in BCH / USD, BCH / ETH, BCH / RUB and others is available.
After registering an account, you need to top up your account balance. Fiat currencies (USD, EUR, RUB accounts) and cryptocurrencies are available for input. A convenient way is to buy a Livecoin voucher from partner exchanges such as Prostocash or Xchange.
To buy Bitcoin Cash on the Livecoin exchange, go to the “Trade” section, select a trading pair, for example
And place a limit buy order at the desired price. For example, buy bitcoin cash at 1200 USD for 1 BCH:
At the moment, the exchange rate on the exchange is $ 1272, as soon as it drops to the desired level, the order will be triggered.
You can buy BCH instantly, at the market rate. To do this, in the form, select “Go to market order” and indicate only the amount:
After the purchase, the cryptocurrency is available for withdrawal to any other wallet for storage.
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As you can see, it is not difficult to buy bitcoin cash. You just need to spend some time studying this issue and decide where it is better to buy: in an exchanger, on an exchange or through payment systems.