Bitcoin Cash (BCH) remains one of the most recognized cryptocurrencies in the digital asset space. Often referred to as the "crown prince" of Bitcoin, BCH emerged from a hard fork of the original Bitcoin blockchain in August 2017. Despite mixed market performance—such as a modest $25 price rise following Grayscale’s增持 (accumulation) news—many investors still believe in its long-term potential. With a historical high near $4,125, BCH continues to attract attention from traders and crypto enthusiasts alike.
This comprehensive guide walks you through everything you need to know about buying and selling Bitcoin Cash, including step-by-step instructions, platform recommendations, and insights into BCH’s market potential—all while ensuring clarity, security, and ease of use.
What Is Bitcoin Cash (BCH)?
Bitcoin Cash was created to address Bitcoin’s scalability issues. As Bitcoin gained popularity, its network became congested, leading to slower transaction times and higher fees. In response, a group of developers and miners proposed increasing the block size limit—a change that wasn’t accepted by the core Bitcoin community. This disagreement led to a hard fork on August 1, 2017, resulting in the creation of Bitcoin Cash.
The key difference? Bitcoin Cash increased the block size from 1MB to 8MB, allowing more transactions per block. This results in faster confirmation times and lower fees compared to Bitcoin (BTC). Additionally, BCH adjusts mining difficulty more frequently, ensuring consistent block production even with fluctuating miner participation.
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How to Buy Bitcoin Cash (BCH): Step-by-Step Guide
Purchasing Bitcoin Cash is straightforward, especially on major cryptocurrency exchanges like OKX, Binance, and Huobi. Below is a detailed walkthrough using OKX as an example—one of the world’s top three crypto exchanges by trading volume.
Option 1: Quick Buy (Instant Purchase)
This method allows you to buy BCH instantly using fiat currency (like USD, EUR, or CNY).
- Log in to your OKX account and navigate to the [Buy Crypto] section.
- Select Bitcoin Cash (BCH) as the cryptocurrency you want to purchase.
- Enter the amount you wish to buy and choose your preferred payment method (credit/debit card, bank transfer, etc.).
- Complete the payment process.
- After payment confirmation, click “I have transferred the funds, proceed” and wait for the system to credit BCH to your wallet.
This method is ideal for beginners due to its simplicity and speed.
Option 2: Peer-to-Peer (P2P) Trading
For greater control over pricing and payment methods, consider using the P2P marketplace.
- Go to the [Trade] tab and select [P2P Trading].
- Choose BCH as the cryptocurrency and set your desired fiat currency.
- Browse available offers and select a seller with favorable rates and high ratings.
- Enter the amount you want to buy and initiate the trade.
- Transfer funds directly to the seller’s designated account (bank, PayPal, etc.).
- Once the seller confirms receipt, BCH will be released to your wallet.
💡 Tip: Always verify seller ratings and transaction history before sending money.
For large-volume trades (over $10,000), OKX also supports OTC (Over-the-Counter) trading, which provides better pricing and liquidity without affecting market rates.
How to Sell Bitcoin Cash (BCH)
Selling BCH follows a similar process, whether you're converting back to fiat or swapping for another cryptocurrency.
Step-by-Step: Selling BCH for Fiat via P2P
- Transfer BCH from your spot wallet to your Fiat & Spot Account.
- Go to [P2P Trading] and click [Sell BCH].
Set up your payment methods:
- Click [Payment Settings] > [Add Payment Method].
- Link a verified bank account under your name (must match your KYC identity).
List your offer:
- Choose between "One-Click Sell" or manually create a sell order.
- Specify the amount of BCH and your asking price.
When a buyer pays you:
- Confirm the payment has been received in your bank account.
- Click [Confirm Receipt] to release BCH to the buyer.
This method ensures secure transactions with dispute resolution support if needed.
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Is Bitcoin Cash (BCH) Worth Investing In?
While Bitcoin dominates the market due to first-mover advantage and widespread adoption, Bitcoin Cash presents a compelling alternative focused on on-chain scalability and low-cost transactions.
Key Advantages of BCH:
- Faster Transactions: Larger blocks mean quicker processing times.
- Lower Fees: Average transaction cost is often under $0.01.
- Active Development: Ongoing upgrades improve functionality and security.
- Merchant Adoption: Some online retailers accept BCH for payments due to low fees.
However, challenges remain:
- Lower Liquidity: Compared to BTC or ETH, BCH has less trading volume.
- Market Perception: After the 2018 split that created BSV (Bitcoin SV), some questioned its long-term direction.
- Competition: Other Layer 1 blockchains (e.g., Solana, Litecoin) also offer fast and cheap transactions.
Despite these factors, BCH maintains a strong position in the top 20 cryptocurrencies by market cap and continues to be supported by notable figures in the crypto space.
Frequently Asked Questions (FAQs)
Q1: Can I buy Bitcoin Cash with a credit card?
Yes. Most major exchanges—including OKX—allow users to purchase BCH instantly using Visa, Mastercard, or other credit/debit cards. The process is fast and requires only basic KYC verification.
Q2: Is Bitcoin Cash safe to hold long-term?
Like all cryptocurrencies, BCH carries market risk. However, its robust blockchain, active development team, and growing utility make it a viable long-term holding for those who believe in on-chain scaling solutions.
Q3: How do I store Bitcoin Cash securely?
Use a hardware wallet (like Ledger or Trezor) for maximum security. Alternatively, reputable software wallets such as Electron Cash or Trust Wallet also support BCH.
Q4: Why did Bitcoin Cash split from Bitcoin?
The split occurred due to disagreements over scalability. Bitcoin Cash advocates wanted larger blocks to keep fees low and transactions fast, while Bitcoin developers favored off-chain solutions like the Lightning Network.
Q5: Can I mine Bitcoin Cash?
Yes. BCH uses Proof-of-Work (PoW) mining similar to early Bitcoin. You can mine it using ASIC hardware connected to a mining pool. Mining difficulty adjusts every 2016 blocks to maintain consistent block times.
Q6: What’s the difference between BCH and BSV?
Bitcoin SV (BSV) split from BCH in November 2018 due to ideological differences. BSV proponents, led by Craig Wright (who claims to be Satoshi Nakamoto), pushed for even larger blocks and a return to what they view as “original Bitcoin” protocols—though this claim lacks consensus in the broader crypto community.
Final Thoughts: Should You Buy BCH?
Bitcoin Cash offers real-world utility through fast, low-cost transactions—an essential feature for everyday digital payments. While it may not surpass Bitcoin in value or dominance, it fills a unique niche in the crypto ecosystem.
Whether you're looking to diversify your portfolio or explore scalable blockchain use cases, BCH deserves consideration. As always, conduct thorough research and only invest what you can afford to lose.
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