How To Buy Bitcoin Cash – Buy Bitcoin Cash In Under 5 Minutes

Bitcoin Cash (BCH) was launched in 2017 as a direct fork of the original Bitcoin blockchain. Since then, the cryptocurrency has grown to become a multi-billion dollar digital asset.

If you’re wondering how to buy Bitcoin Cash in the US – this guide is for you. Within it, we show you how to buy Bitcoin Cash in a low-cost and safe manner – and discuss the best brokers for the job.

#1 Broker to Buy Bitcoin Cash – eToro

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How To Buy Bitcoin Cash – Choose a Broker

If you’re based in the US and wish to buy Bitcoin Cash – the process could not be easier. You do, however, need to ensure that you choose a safe and secure cryptocurrency brokerage that offers competitive fees. Below you will find an overview of the best brokers that allow you to buy Bitcoin Cash in the US.

  • eToro – Overall Best Place to Buy Bitcoin Cash
  • Coinbase – Great Way to Buy Bitcoin Cash for Beginners
  • Binance – Best Place to Buy Bitcoin Cash for Asset Diversity
  • Coinmama – Buy Bitcoin Cash With a Debit or Credit Card
  • Webull – Buy Bitcoin Cash From Just $1

You can find a full review of the above Bitcoin Cash platforms further down in this beginner’s guide.

How to Invest in Bitcoin Cash – A Quick Guide For 2021

If you’re looking for a quick overview of how to buy Bitcoin Cash in the US – the steps below will show you how to complete the process with eToro. This top-rated broker is regulated by the SEC and offers some of the lowest fees in the cryptocurrency industry.

  • Step 1: Open an Account with eToroThe first step is to visit eToro online or via your cell phone and elect to open an account. You will need to choose a username and password, and enter some basic personal information.
  • Step 2: Upload Your ID – You will now be asked to upload your ID. eToro will verify your document in under two minutes.
  • Step 3: Deposit Funds – US clients can deposit from just $50 at eToro. There are no deposit fees and you can fund your account via a debit/credit card, online banking, or ACH.
  • Step 4: Search for BCH – In the search box at the top of the page – enter ‘BCH’. When you see Bitcoin Cash appears, click on the ‘Trade’ button.
  • Step 5: Buy Bitcoin Cash – You will now see an order box. Enter the amount of money you wish to invest in Bitcoin Cash (minimum $25) and click on the ‘Open Trade’ button to complete your purchase.

And that’s it – in just five simple steps you have learned how to buy Bitcoin Cash!

Cryptoassets are highly volatile unregulated investment products. Proceed at your own risk.

Where to Buy Bitcoin Cash – Full Broker Reviews

There are many metrics that you need to assess when choosing the best place to buy Bitcoin Cash in the US. To start, you need to check whether your chosen broker is regulated and by whom. You then need to check what fees and commissions will be applicable when buying Bitcoin Cash and what payment methods are supported. 

Below we help clear the mist by reviewing the best platforms to buy Bitcoin Cash in a safe and low-cost way.

1. eToro – Overall Best Place to Buy Bitcoin Cash

bitcoin today

eToro is a regulated online broker that now serves over 20 million clients. The platform is authorized and licensed by the SEC, and registered with FINRA. eToro is also regulated by licensing bodies based in the UK, Cyprus, and Australia. As such, this top-rated brokerage allows you to buy Bitcoin Cash in the US in a safe and secure manner. Getting started with eToro should not take you more than five minutes from start to finish. Once you have opened an account – you can deposit funds with a debit/credit card, online banking, or ACH.

Unlike other Bitcoin Cash brokers we came across during the research process, eToro does not charge any deposit fees to US clients. Furthermore, the minimum deposit amount is just $50 – which is great if you are planning to start with small stakes. In fact, when you buy Bitcoin Cash at eToro, the minimum trade value is just $25. We were also pleased to see that eToro offers some of the lowest trading fees in the cryptocurrency brokerage scene.

etoro crypto

As opposed to charging a variable commission, eToro only requires you to cover the spread. This amounts to the difference between the buy and sell Bitcoin Cash price. We found this starts at 0.75% when trading digital currencies – which is tight. Once you have completed your Bitcoin Cash purchase, there is no requirement to withdraw the tokens to a private wallet. On the contrary, the tokens will remain in your eToro portfolio until you are ready to cash out.

Irrespective of how long you decide to hold your BCH tokens, eToro doesn’t charge any storage fees. If you’re keen to invest in some alternative cryptocurrencies in addition to Bitcoin Cash – eToro has you covered. On top of popular coins like Ethereum, Bitcoin, XRP, and Dogecoin – you will also find smaller-capped projects such as AAVE, Decentraland, and Enjin. Additionally, eToro also offers a CryptoPortfolio tool. This allows you to invest in cryptocurrencies passively, as the portfolio will contain a wide range of digital assets.

etoro copy trading

On a regular basis, the eToro team will rebalance the CryptoPortfolio to ensure it continues to perform well. You will also have access to the eToro Copy Trading tool, which is another way to passively invest in digital assets. In a nutshell, you will be copying the trades of a successful eToro investor like-for-like. In other words, any buy or sell positions that the trader places will be reflected in your own eToro portfolio. Finally, if you want to buy, sell, or trade Bitcoin Cash from the palm of your hand – eToro offers a native mobile app.

Pros

  • Invest in cryptocurrencies on a spread-only basis
  • Minimum investment per trade from just $25
  • Supports debit/credit cards, e-wallets, and local bank transfers
  • Registered with FINRA/SEC and regulated by the FCA, CySEC, and ASIC
  • Minimum deposit of $50 and no transaction fees for US citizens
  • Used by over 20 million people
  • Perfect for beginners
  • Social and copy trading tools

Cons

  • Perhaps too basic for technical traders
  • No support for MT4 or MT5

Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.

2. Coinbase – Best Way to Buy Bitcoin Cash for Beginners

Buy MANA at Coinbase

Coinbase is a household name in the cryptocurrency arena – with the exchange now supporting more than 68 million client accounts. The platform is authorized and regulated to operate in the US – so safety should be of no concern. Launched in 2012 – this makes Coinbase one of the oldest and most trusted cryptocurrency exchanges in this space. The main appeal with Coinbase is that – although expensive, the platform is very easy to use.

That is to say, if you have never purchased digital currencies previously, Coinbase offers a smooth and seamless entry into this market. In terms of buying Bitcoin Cash, the most convenient way of doing this at Coinbase is to use your debit card. This will, however, result in a commission of 3.99% – which is huge. Alternatively, some investors in the US will instead deposit funds via ACH – which attracts no transaction fee. Once the money is credited to your Coinbase account, you can then buy Bitcoin Cash at a commission of 1.49%.

coinbase review

Naturally, this is still expensive, as eToro offers the same service on a spread-only basis. If you’re happy to pay a higher fee to access the Coinbase platform, you will benefit from a diverse range of alternative markets. This covers dozens of digital currencies of all shapes and sizes – so diversification is relatively simple at Coinbase. Plus, Coinbase offers lots in the way of security features – including mandatory two-factor authentication. There is also a Coinbase app – which allows you to buy, sell, trade, and store Bitcoin Cash tokens on the move.

Pros

  • One of the most popular cryptocurrency exchanges
  • More than 68 million users
  • Supports instant debit card purchases
  • Dozens of digital currencies to choose from
  • Institutional-grade security practices

Cons

  • Debit card deposits are expensive at 3.99%
  • You will pay a standard trading commission of 1.49%

at eToro, #1 Broker in the US

Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.

3. Binance – Best Place to Buy Bitcoin Cash for Asset Diversity

Binance is a global cryptocurrency exchange that facilitates billions of dollars in trading volume each and every day. In fact, the platform saw more than $140 billion dollars worth of digital assets change hands in the 24 hours prior to writing this review. This shows you just how big Binance has become since it was launched in 2017. With that said, Binance recently entered the US marketplace with a platform that is dedicated exclusively to Americans.

This means that US clients can safely buy Bitcoin Cash in a secure environment. Perhaps the easiest way to complete your BCH investment is to use a debit or credit card. Not only will this allow you to buy Bitcoin Cash instantly, but you will only be charged a deposit fee of 0.5%. This is significantly lower than the 3.99% charged by Coinbase, albeit, at eToro – there are no fees at all on Visa and Mastercard deposits. Nevertheless, Binance also gives you access to over 50 alternative cryptocurrencies.

binance review

This includes everything from Dogecoin, Algorand, and Harmony to Ethereum, Solana, and Tezos. Most cryptocurrencies can be traded against the US dollar, while some are also paired with Bitcoin. By trading cryptocurrencies on the US exchange, you will only be charged a commission of 0.10% per slide. For example, if you traded $1,000 worth of Bitcoin Cash for Dogecoin, your commission would amount to just $1. Much like eToro and Coinbase, Binance also offers a native mobile app for iOS and Android.

Pros

  • Facilitates billions of dollars in daily trading volume
  • Supports hundreds of digital asset pairs
  • Near-instant deposits via debit/credit card
  • Trading commission starts at just 0.1% per slide
  • Offers crypto savings accounts
  • Ideal for both beginners and experienced traders alike

Cons

  • Not all supported cryptocurrencies can be purchased with a debit/credit card
  • No e-wallet deposits or withdrawals

at eToro, #1 Broker in the US

Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.

4. Coinmama – Easily Buy Bitcoin Cash With a Debit or Credit Card

Coinmama offers a similar service to Coinbase, insofar that the platform makes it super easy to buy Bitcoin Cash in the US. The reason for this is that the exchange is simple to use and it allows you to deposit funds with a debit or credit card. Before you can use US dollars to buy Bitcoin Cash, you will need to open an account and go through a quick KYC process. The latter will requires a copy of your government-issued ID and a selfie.

Once your account has been verified, you can then use your debit or credit card to buy Bitcoin Cash. We must stress that during the purchase process, you will be asked to enter your Bitcoin Cash wallet address. This is because as soon as the transaction is complete, Coinmama will automatically forward the BCH tokens to your private wallet. Although this is suitable for those with experience in the cryptocurrency space, this might be a daunting process for newbies.

coinmama review

After all, brokers like eToro allow you to safely store your Bitcoin Cash tokens within its in-built wallet until you are ready to sell. An additional drawback with Coinmama is that it is even more expensive than Coinbase. For example, Coinmama charges a buy commission of 3.81% per trade. This goes down to a minimum of 2.86%, albeit, this would require you to trade larger volumes. Then you have the 5% debit/credit card commission, which again, is huge.

Pros

  • Easy to use platform
  • Buy crypto directly with a debit or credit card
  • KYC process is fairly simple
  • Plenty of supported digital tokens
  • Good reputation

Cons

  • Super expensive fees
  • Forced to withdraw crypto to a private wallet

at eToro, #1 Broker in the US

Cryptoassets are highly volatile unregulated investment products. Proceed at your own risk.

5. Webull – Buy Bitcoin Cash From Just $1

webull review

Another platform to consider in your quest to buy Bitcoin Cash in the US is Webull. In addition to stocks, ETFs, and options markets – Webull also offers a modest selection of cryptocurrencies. This includes everything from Bitcoin, Ethereum, and Zcash to Shiba Inu, Stellar, and Bitcoin Cash. Irrespective of the cryptocurrency being purchased, Webull requires a minimum investment of just $1 per trade. This is good news for those looking to invest small amounts.

This is especially the case when you consider that a single BCH token will set you back a few hundred dollars. For example, at the time of writing, you will pay in the region of $350 per Bitcoin Cash token. This means that by meeting the Webull minimum of $1, you would own 0.28% of one BCH. When it comes to user-friendliness, Webull is perfectly suited to beginners. Whether you decide to invest online or via the Webull app, you will find the end-to-end purchase process simple and burden-free.

webull review

In order to get started with Webull, you will need to provide some personal information and link your bank account to the platform. There is no minimum deposit requirement and ACH transfers are free. Domestic bank wires are charged at $8 and $25 for deposits and withdrawals, respectively. When you buy Bitcoin Cash at Webull, you won’t pay any trading commissions. You will, however, need to factor in the spread. Webull notes that this starts at 1% – but expect this to be higher on Bitcoin Cash in comparison to larger projects like Bitcoin or Ethereum.

Pros

  • User-friendly trading app for both iOS and Android devices
  • 0% commission policy across all assets
  • No minimum deposit
  • ACH deposits and withdrawals are fee-free
  • Regulated in the US
  • Invest from just $1

Cons

  • Crypto spreads start at 1%
  • Too basic for experienced traders
  • No support for e-wallets or debit/credit cards

at eToro, #1 Broker in the US

Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.

How to Buy Bitcoin Cash – Detailed & Explained in Full

If this is your first time buying a digital currency like Bitcoin Cash, this section will walk you through the process every step of the way. We will show you how to open an account and deposit funds with SEC-regulated broker eToro – before explaining how to complete your Bitcoin Cash purchase. 

Step 1: Open a Crypto Broker Account

You can open an account at eToro by heading over to the broker’s homepage and clicking on the ‘Join Now’ button. You will then be asked to enter some personal information – such as your name, telephone number, home address, and date of birth.

how to join etoro

You will also need to choose a suitable username and password. From start to finish, the account opening process at eToro should not take you more than a couple of minutes to complete.

Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.

Step 2: Upload ID

As an SEC-regulated entity, eToro is required to meet and comply with anti-money laundering laws. In simple terms, this means that all new customers are required to upload a copy of their ID and proof of address. Once you have uploaded the required documents, eToro will verify them in under two minutes.

Step 3: Deposit Funds

Now that you have a verified account, you can make a deposit. eToro requires a minimum deposit of just $50 and you can choose from a debit/credit card or online banking for an instant transaction.

Deposit Funds

ACH is also supported – but this might take slightly longer to process. All payment methods supported by eToro are fee-free.

Step 4: Search for Bitcoin Cash

You can now use the search box at the top of the page by entering ‘Bitcoin Cash’.

invest in bitcoin cash etoro

Once the correct result loads from the search box, click on the ‘Trade’ button to populate an order form.

Step 5: Buy Bitcoin Cash

When you see an order box populate – like in the image below, you will need to enter your stake. This refers to the amount of capital that you wish to invest in BCH – and the minimum requirement at eToro is just $25.

invest in bitcoin cash etoro

Once you are ready to place your order, click on the ‘Open Trade’ button. eToro will then debit your cash balance and add your newly purchased Bitcoin Cash tokens to your portfolio.

Buy Bitcoin Cash – Best Place to Buy Bitcoin Cash

If you are still looking for the best place to buy Bitcoin Cash, it’s typically a toss-up between a cryptocurrency broker or exchange. We discuss the difference between the two platform types below so that you can make an informed decision.   

Online Cryptocurrency Broker

Cryptocurrency brokers will usually have a large stash of digital currencies held in a secure wallet – meaning that you can buy Bitcoin Cash directly from the provider.

  • This makes the end-to-end investment process a lot easier, as you won’t need to trade with other market participants. 
  • Furthermore, and perhaps most importantly, cryptocurrency brokers serving US clients must be regulated by the appropriate financial bodies.
  • For instance, if you go through eToro to buy Bitcoin Cash in the US, you will be using a brokerage firm that is regulated by the SEC, ASIC, and the FCA – and approved by FINRA. 

A direct result of this heavy regulation is that you will be able to buy and sell Bitcoin Cash in exchange for US dollars.

Cryptocurrency Exchange

Cryptocurrency exchanges are third-party platforms that match buyers and sellers. In terms of the positives, exchanges typically offer industry-leading fees, with commissions often starting at 0.10% per slide. Large exchanges in this industry benefit from significant levels of liquidity and will often host hundreds of cryptocurrency markets in addition to Bitcoin Cash.

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Additionally, if you are depositing and withdrawing funds in crypto, these cryptocurrencies will typically allow you to do this without going through a KYC process. Unfortunately, this comes at the expense of safety, insofar that most cryptocurrency exchanges are unregulated. This means that your funds are at risk – as you can never be 100% sure that the provider is legitimate. 

Ways to Buy Bitcoin Cash

You should also spend some time assessing the best ways to buy Bitcoin Cash – as each payment method comes with its own benefits and drawbacks. 

Buy Bitcoin Cash With Debit Card

One of the best ways to buy Bitcoin Cash is to use a debit card. This is both convenient and fast – as the likes of eToro allow you to deposit funds with a debit card instantly. Plus, unlike Coinbase and Coinmama – which charge 3.99% and 5% respectively, debit card deposits at eToro are fee-free for US clients.

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Buy Bitcoin Cash With Credit Card

eToro also allows you to buy Bitcoin Cash with a credit card. This top-rated broker does not charge any deposit fees, but your credit card issuer might. As such, be sure to check this before proceeding with a BCH purchase. 

Buy Bitcoin Cash With Credit Card Now

Buy Bitcoin Cash With Paypal

The best way to buy Bitcoin Cash with Paypal is to use an SEC-regulated broker like eToro. You won’t be charged any deposit fees when using Paypal and the minimum requirement is just $50.  

Buy Bitcoin Cash With Paypal

Buy Bitcoin Cash With Bitcoin

You can also buy Bitcoin Cash with alternative digital currencies like Bitcoin, Ethereum, and Tether. The best way to do this is through a cryptocurrency exchange that charges low fees. If buying Bitcoin Cash with Bitcoin specifically, then make sure your chosen exchange supports the pair BTC/BCH.  

Buy Bitcoin Cash Now

Why Buy Bitcoin Cash?

If you’re wondering whether or not you should buy Bitcoin Cash – this section is for you. Within it, we discuss some of the main reasons why Bitcoin Cash remains attractive for market speculators and long-term investors.

Bitcoin Cash is Cheaper and Faster Than Bitcoin

When Bitcoin Cash was first launched in 2017, the overarching reason for its existence was to compete with Bitcoin.

  • This is because the founders behind Bitcoin Cash found that the original Bitcoin no longer served its purpose as a global payments system.
  • The reason for this is that Bitcoin transactions are both slow and expensive when the network is busy.
  • In the case of Bitcoin Cash, the underlying technology is able to support larger block sizes.
  • In layman’s terms, this allows the blockchain to process transactions in a more competitively priced manner.

It also allows the Bitcoin Cash to process over 100+ transactions per second, which is much more than 7 facilitated by its Bitcoin counterpart.

2021 Price Growth

Like many cryptocurrencies, Bitcoin Cash has been on somewhat of a rollercoaster ride since the turn of 2021. On January 1st, 2021, Bitcoin Cash was trading at $342 per token. Just over five months later on May 12th, 2021, the same digital currency was trading at $1,565. This translates into a growth of over 357%. It is financial gains like this that make Bitcoin Cash a popular choice for market speculators.

Buy the Dip

We noted in the section above that Bitcoin Cash was trading at over $1,565 in May 2021. However, fully in line with the wider digital asset industry, Bitcoin Cash has since entered a bearish market. At the time of writing in mid-September 2021, BCH tokens are trading at $538.

bitcoin cash price today

On the one hand, this means that the digital currency is still looking at year-to-date gains of 57% – which is huge. However, in comparison to its prior 52-week high of $1,565, this means that Bitcoin Cash is trading at a discount of 65%. As a result, if you are keen on the long-term outlook of Bitcoin Cash, you can now purchase the digital tokens at a highly favorable price.

The Cost of Buying Bitcoin Cash

When learning how to buy Bitcoin Cash in the best way possible – you need to think about fees. This is because your chosen broker will charge an assortment of fees that can and will vary from platform to platform.

Below we discuss the main costs to consider when buying Bitcoin Cash from the comfort of your home.

Deposit Fees

Some brokers require you to deposit funds into your account before you can place a buy order on Bitcoin Cash. The specific deposit fee will depend on the payment method being used. At eToro, however, you can deposit funds into your account with a debit/credit card, online banking, or ACH on a fee-free basis. Binance, on the other hand, charges 0.5% on Visa and MasterCard payments.

Instant Buy

Brokers like Coinbase and Coinmama offer an Instant Buy feature. This simply means that you can buy Bitcoin Cash instantly by using your debit or credit card. The fees charged by both of the aforementioned brokers are sky-high in comparison to eToro.

how to buy bitcoin cash

For example, the Instant Buy tool at Coinbase will cost you 3.99% of the transaction amount. At Coinmama, this will cost you 5% – which is in addition to its standard buy commission of up to 3.81%!

Commissions

You also need to look at what commissions your chosen Bitcoin Cash broker charges. This is usually calculated against the size of your investment amount.

  • For example, if you elect to manually deposit funds at Coinbase – as opposed to using the Instant Buy feature, the commission payable is 1.49%.
  • As noted above, this is even higher at Coinmama – with the broker charging 3.81% on its buy commission.

At eToro, however, you will pay the ‘spread’ as opposed to a commission. This starts at 0.75% when trading cryptocurrencies, which is competitive.

How to Sell Bitcoin Cash

If you get to the point where your Bitcoin Cash investment has yielded a sufficient level of profit, you will then need to sell your tokens to realize your financial gains. The process is very straightforward when using eToro, as you sell your Bitcoin Cash tokens directly from within your account.

By placing a market order on your sale, eToro will execute this instantly. This means that your Bitcoin Cash tokens will be sold back to US dollars at the next best available price. Then, you can elect to withdraw the funds back to your preferred payment method. At eToro, this is usually processed within 24 hours of making the withdrawal request.

How to Buy Bitcoin Cash – Conclusion

In conclusion, buying Bitcoin Cash in the US is as simple as opening a cryptocurrency brokerage account, making a deposit, and choosing how many tokens you wish to purchase. The main challenge is knowing which platform to use for this purpose – as there are many brokers and exchanges offering BCH.

If you want to buy Bitcoin Cash in the fastest, safest, and most cost-effective way possible – consider eToro. This broker is regulated by the SEC and requires a minimum investment of just $25. You can deposit funds via ACH, a debit/credit card, or online banking for free – and you only need to pay the spread when buying and selling Bitcoin Cash.   

eToro – Best Broker Buy Bitcoin Cash

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Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.

FAQ

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About Kane Pepi PRO INVESTOR

Kane Pepi writes for several high profile publications such as InsideBitcoins, the Motely Fool, and Learnbonds. Based in Malta, Kane is extremely skilled at complex subjects related to financial matters - including a Bachelor’s Degree in Finance, a Master’s Degree in Financial Crime, and actively engaged in Doctorate Degree research, for the money laundering threats of the blockchain economy.