Bitcoin Cash (BCH)
All prices are in USD.
How to buy Bitcoin Cash
BCH
Bitcoin Cash is a version of the original Bitcoin network configured to be easily used for everyday transactions. Although the Bitcoin Cash blockchain is based on the original Bitcoin blockchain, it has some notable differences. A major one is its increased maximum block size of 32MB, compared to just 1MB on Bitcoin. This allows Bitcoin Cash to process transactions faster than Bitcoin, with lower fees and an increased per-second transaction capacity. You can buy and sell BCH for any major cryptocurrency, like BTC, ETH, and XRP or traditional currency such as Canadian Dollar, US Dollar, and Euro. Trading cryptocurrencies is like foreign exchange of traditional currencies – you trade BCH for BTC the same way you trade CAD for USD. You can also trade BCH to CAD based on the BCH price. To learn how to buy Bitcoin Cash / BCH, scroll down to see how to buy Bitcoin Cash.
Here’s how to buy Bitcoin Cash on Coinsquare
Buying Bitcoin Cash is just like foreign exchange of traditional currencies like the Canadian Dollar, US Dollar, or Euro. You trade coins that you have – either a cryptocurrency or a dollar – for Bitcoin Cash, which trades as BCH. Based on when you think you can get a good BCH price, you should be able to trade BCH to CAD.
To buy Bitcoin Cash, simply follow these steps:
Sign up for a Coinsquare account and verify your identity
This is the first step to buying BCH. Verifying your identity helps us to properly connect your funds to your account.
Fund your account with Canadian Dollars
Funding is like putting gas into a car – it helps you get where you want to go.
After funding, select BCH from the list on the trade section
Coinsquare lets you trade BCH without leaving the app. You can also check the Bitcoin Cash stock price and convert BCH to CAD on the platform.
Select a currency you’ve funded and use it to check the BCH price
In the Coinsquare app, all currencies available to trade can be found in the drop down list.
Buy BCH
Congratulations! You’re now the proud owner of BCH. You can either HODL or use it to exchange BCH to CAD. To the moon!
Bitcoin cash is a cryptocurrency created in August 2017, from a fork of Bitcoin. It was created to accommodate a larger block size compared to Bitcoin, allowing more transactions into a single block. However, one fundamental difference between the Bitcoin to Bitcoin Cash fork and other cryptocurrency forks is that Bitcoin Cash carried out the fork to move away from Bitcoin and not enhance the original cryptocurrency.
You may want to consider buying BCH if you would like to:
Diversify your portfolio by introducing a variety of cryptocurrency assets
Enjoy lower transaction costs owing to its large block size
Exchange it for cryptocurrencies such as Bitcoin to buy and sell goods online
Where do I keep my BCH?
Ready to add BCH to your portfolio?
Prices and percentage changes are for information purposes only and in no way reflect Coinsquare Ltd.’s speculation of market direction. Past performance is not an indicator of future performance. Please find our Risk Disclosure statement here.