Invest In Bitcoin Cash – How To Invest In Bitcoin Cash For Beginners

Kane Pepi

Last Updated: 20, September 2021

Fact Checked by Gary McFarlane

Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only.

Bitcoin Cash (BCH) is considered the most successful hard fork of the original Bitcoin blockchain. Although this cryptocurrency has not performed as well as its parent asset, it has still gained some popularity with market speculators – emerging as a feasible way to facilitate global transactions.

In this guide, we cover everything you need to know about how to invest in Bitcoin Cash to capitalize on this digital asset. We will also introduce you to some of the best Bitcoin Cash brokers that are worth considering when making your investment.

#1 Broker to Invest in Bitcoin Cash – eToro

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Min Deposit$50

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• Invest in a wide range of cryptocurrencies
• Ability to copy more experienced investors and their decisions
• eToro crypto wallet included which makes it beginner-friendly

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Don't invest unless you're prepared to lose all the money you invest. Crypto asset investing is unregulated in most EU countries and the UK. No consumer protection. Your capital is at risk. CFD crypto trading is unavailable for clients residing in the UK and US.

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How To Invest in Bitcoin Cash – Choose a Broker

Over the last decade, the cryptocurrency industry has added hundreds of investment platforms to its realm. These are some of the best brokers in the current market that allow you to invest in Bitcoin Cash:

• eToro – Overall Best Broker to Invest in Bitcoin Cash
• Coinbase – Best Broker for Beginners to Invest in Bitcoin Cash
• Binance – Best Crypto Broker for Asset Diversification
• OKEx – Best Broker to Invest in Bitcoin Cash via a Crypto Deposit
• Webull – Invest in Bitcoin Cash From Just $1 (US Only)

To help you make the right choice, we will explore each of these Bitcoin Cash brokers in detail further down this guide.

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

For those who are interested in learning how to invest In Bitcoin Cash, you might want to gain a quick glimpse of the process first. Throughout this guide, we will use the regulated broker eToro to show you how easy it is for you to purchase this digital asset with a minimum investment of just $25.

• Step 1: Open an Account with eToro – Create your investment account on eToro, by choosing a username and password. You will also need to fill in your full name, date of birth, and contact information.
• Step 2: Upload Your ID – You will need to complete the KYC process by providing a picture of your government-issued photo ID and proof of address.
• Step 3: Deposit Funds – Add funds to your brokerage account by making a bank transfer, using a debit card, or via an e-wallet like PayPal.
• Step 4: Invest in Bitcoin Cash – To make your investment in Bitcoin Cash, search for the digital token on eToro, and click on the ‘Trade’ button. Finally, enter your stake amount, and click on ‘Open Trade’ to complete your Bitcoin Cash purchase.

As you can see, you need less than 10 minutes to make your first Bitcoin Cash investment on eToro, even if you are an absolute beginner. Moreover, this broker will securely store your BCH tokens for free until you are ready to sell them.

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

Where to Buy Bitcoin Cash – Full Broker Reviews

Out of the countless crypto brokers available online, each platform comes with a specific set of strengths and weaknesses. For the untrained eye of a beginner investor, it can be an overwhelming task to find a Bitcoin Cash investment site that best fits your needs.

To save you from spending countless hours scouring the internet, we have done the legwork to find out the best brokerage platforms for investing in Bitcoin Cash.

1. eToro – Overall Best Broker to Invest in Bitcoin Cash

With over a decade of experience in the investment sector, eToro has evolved to become one of the best crypto brokers on the internet. This platform caters to more than 20 million users across the world, including traders and investors of different experience levels. In fact, eToro is one of the few platforms that is intuitive enough to adapt to the needs of newbies. Even if you are a complete beginner, you can get started with your Bitcoin Cash investment in under 10 minutes, right from setting up your account to making your first purchase.

One aspect that sets apart eToro from its competitors is that the broker is regulated by not one, but four of the most reputable financial authorities in the world. The platform comes under the umbrella of the FCA in the UK, ASIC in Australia, CySEC in Cyprus, and the SEC in the US. In other words, you will receive a high standard of investor protection when making purchases of Bitcoin Cash. eToro also makes it possible for you to create a basket of diversified crypto investments – as this platform supports not only Bitcoin Cash but also 30+ other digital assets.

Moreover, this broker permits you to buy and sell BCH coins on a spread-only basis. In order to fund your Bitcoin Cash investments, eToro gives you access to multiple, convenient payment types – including debit/credit cards, and e-wallets like PayPal and Skrill. Investors can also make transfers via a bank wire, however, you might have to wait a couple of days for your money to arrive. Processing deposits will cost you just 0.5% in exchange fee at eToro. If you are a US customer, this deposit fee is waivered.

We particularly like eToro for investing in Bitcoin Cash because the broker allows you to buy this digital asset from a minimum stake of $25. Moreover, you will also have access to stocks, commodities, forex, indices, and ETFs to complete your investment portfolio. To make things even easier, eToro also provides in-house custodial storage for your BCH coins. In other words, you will not have to move your crypto tokens to a private wallet for safekeeping, and can easily sell them from your eToro account at the click of a button.

Another aspect to note about eToro is that it makes it incredibly easy for beginners to invest in Bitcoin Cash with the help of passive trading tools. For example, one of its top features allows you to mirror the moves of another eToro trader – meaning, all their investments will be replicated in your account. You can also have the eToro team manage your crypto portfolio. These options give you the opportunity to tap into the crypto market even if you are a complete novice.

Pros

Cons

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 Invest in Bitcoin Cash for Beginners

Among cryptocurrency exchanges, Coinbase comes out ahead as one of the beginner-friendly options for first-time investors. The platform has a simple interface that caters to easy Bitcoin Cash investments without compromising on the necessary aspects of safety. You can get started on this site by completing the KYC process, which will require you to provide a copy of your ID. In order to complete the account setup, you can make a deposit via your bank account without having to pay any additional fees.

When it comes to commissions, Coinbase is a bit more expensive in comparison to the rest of the market. Investing in Bitcoin Cash via this exchange will cost you a standard commission of 1.49% – once while making the purchase, and again when cashing out. In addition, if you choose to pay for your BCH tokens via a debit/credit card, this will incur a commission of 3.99%. Albeit, Coinbase still has a large client base on a global scale, owing to its high standards for your account and asset security.

Coinbase allows you to add more layers of security by initializing two-factor authentication for your account, along with device whitelisting. The platform also stores 98% of its clients’ digital assets in secure cold wallets. This popular crypto exchange is also regulated in the US and has built a reputation by serving over 68 million clients. In addition, the company has grown to become a publicly-listed firm on the NASDAQ exchange.

Pros

Cons

at eToro, #1 Broker in the Crypto Space

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 Invest in Bitcoin Cash for Asset Diversity

Binance is another cryptocurrency exchange that supports a wide range of digital assets, including Bitcoin Cash. The platform is beginner-friendly and offers top-notch security for your investments. However, which coins you will have access to and the fees associated with the process can vary widely based on your location. For instance, those residing in the US will be able to invest in BCH using a debit/credit card at a 0.5% fee. However, if you are based elsewhere, the same transaction can cost you as much as 4%.

That being said, Binance continues to be one of the preferred platforms for cryptocurrency investing because the site makes it convenient for you to store your Bitcoin Cash. You can always choose to leave your BCH tokens on the exchange, which will allow you to benefit from its secure storage facility, protected by two-factor authentication and IP/device whitelisting. Furthermore, the vast bulk of your digital coins will be held in cold wallets. If required, you will also have the option to withdraw your assets to external private storage.

Binance also gives you the unique choice of moving your cryptocurrencies into the Binance Savings Account. On Bitcoin Cash, you will be able to receive an APY of 0.82% per year, which is relatively low when compared to the interest offered on other digital assets. However, this can be another reason to consider building a diversified investment portfolio. When trading digital tokens via Binance, there will be a commission rate of just 0.10% per purchase. If crypto derivatives are permitted in your country, then Binance also allows you to benefit from leveraged markets.

Pros

Cons

at eToro, #1 Broker in the Crypto Space

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. OKEx – Invest in Bitcoin Cash via a Crypto Deposit

If you didn’t know this already, investing in Bitcoin Cash does not always require you to pay for the purchase using fiat currencies. Instead, if you already possess other cryptocurrencies, you can easily swap them in exchange for BCH tokens. This can get you relatively lower fees, and sometimes even allows you to completely bypass the KYC process. For those who favor this method – OKEx is a perfectly viable option.

This platform makes it possible for you to invest in Bitcoin Cash at a 0.10% commission per slide.  You will be able to exchange this digital asset for Bitcoin, or for stablecoins such as USDC, USDT, and USDK. Although there are only a handful of markets for Bitcoin Cash, you can deposit virtually any supported cryptocurrency, use it to purchase Bitcoin first, and then swap your BTC for BCH.

In addition, OKEx also has crypto derivatives such as futures, and leveraged products at your disposal. OKEx has held its position in the cryptocurrency market since 2014 and now caters to more than 20 million clients internationally. In terms of storage, the platform has in-house custodial wallets and a mobile app that allows you to easily access your Bitcoin Cash from within the exchange. Similar to Binance, OKEx has designed other products such as crypto savings account and loans.

Pros

Cons

at eToro, #1 Broker in the Crypto Space

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

5. Webull – Invest in Bitcoin Cash From Just $1 (US Only)

Webull caught our eye by providing an extremely low minimum deposit requirement for US clients. In fact, this trading site allows you to invest in Bitcoin Cash with just $1, making it possible for you to buy a small fraction of the digital asset, and still gain exposure to the market. This is not only the case for BCH tokens, but also for all the other cryptocurrencies supported on the platform – which includes Bitcoin, Ethereum, Stellar, Cardano, Dash, and more.

As a 0%-commission exchange, Webull charges you no direct fees when investing in Bitcoin Cash. However, that doesn’t mean that Webull is absolutely free to use. The platform makes its money from charging you a spread, which is the difference between the buy and sell price of this digital asset. Unfortunately, this starts at a hefty 1% – which is on the higher end of the scale for cryptocurrencies.

However, investors will find that Webull requires no minimum deposit from your end, making it an even more attractive option for those on a tight budget. But you might want to stick to ACH transfers on this platform, as a bank wire transaction will cost you $8 in fees. Lastly, Webull also facilitates Bitcoin Cash investments via its website and native mobile app, adding convenience to the process. The Webull app itself can be downloaded free of charge from Google Play and App Store.

Pros

Cons

at eToro, #1 Broker in the Crypto Space

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 Invest in Bitcoin Cash – Detailed & Explained in Full

Our How to Invest in Bitcoin Cash Guide started with a quickfire walkthrough on the process. However, we believe that many of you might want a more detailed and comprehensive explanation of each of the steps involved.

As before, we will continue to use eToro to provide you with the breakdown of each step. 

Step 1: Open a Bitcoin Cash Investment Account

When it comes to making cryptocurrency purchases online, the credibility and security of your investment platform should be one of your main concerns. Regulated broker eToro is arguably the best provider to offer easy access to both Bitcoin Cash for beginners and experienced investors alike.

The process of signing up on eToro starts with you visiting its website. The ‘Join Now’ button on the home page will take you to the registration form, wherein, you can get started by providing your email address, full name, contact details, and by setting a password for your account.

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

Being a regulated broker, completing the KYC process is also mandatory for eToro users. This will require you to submit a couple of documents that can cater to the verification of your identity as well as your residential address.

Although this might sound complicated, it only means that you need to provide your driver’s license/passport, along with a utility bill or bank statement to get verified. On eToro, the process is entirely automated and you will be able to get verified in less than two minutes.

Step 3: Deposit Funds

eToro accepts a multitude of payment methods on the platform. However, you will not be able to invest in Bitcoin Cash directly with an Instant Buy Feature.

So, you will first need to make a deposit into your brokerage account and then make your Bitcoin Cash investment. You will be able to process instant payments by using the following methods:

• Debit and credit cards (Visa, MasterCard, Maestro)
• PayPal
• Neteller
• Skrill

For investors who prefer traditional transfers, eToro also supports bank wires. But you should expect a waiting period of two to seven days for the payment to process before you can invest in Bitcoin Cash.

If you are in the US, the minimum deposit requirement is only $50. If you are residing elsewhere, you will have to make an initial transfer of $200.

Step 4: Search for Bitcoin Cash

Finding this cryptocurrency on eToro is perhaps the easiest of all. You will find a search bar on top of the eToro website, and all you need to do is look up ‘Bitcoin Cash’ or ‘BCH’.

In an instant, eToro will display all the relevant markets available for Bitcoin Cash.

Step 5: Invest in Bitcoin Cash

Upon choosing your market, eToro will redirect you to the next page. Here you can find some information on Bitcoin Cash, such as its pricing chart, and recent updates from other BCH investors.

To start with your Bitcoin Cash investment, click on the ‘Trade’ button.

On the next page, you can place your order by entering the amount you want to invest in Bitcoin Cash. For cryptocurrencies, the minimum is set at $25 on eToro.

To complete your order, you can verify everything you have entered, and then click on the ‘Open Trade’ button. eToro will immediately complete your purchase of Bitcoin Cash and the tokens will be reflected in your account portfolio.

How to Sell Bitcoin Cash

As a Bitcoin Cash investor, you are most likely chasing a profit. So, when thinking about investing in Bitcoin Cash, you should also consider how you are going to sell your digital tokens.

In order to profit from your Bitcoin Cash investment, you should wait until the value of the cryptocurrency increases to meet your profit target. If and when it does, you can choose to sell your BCH tokens for fiat money. On eToro, you will be able to both buy and sell your Bitcoin Cash investment any time of the day.

Here’s how:

• Sign in to your eToro account, and find Bitcoin Cash in your portfolio. You will then see a ‘Sell’ button next to it.
• Click on the button, and choose a market order – which will allow you to sell your Bitcoin Cash instantly at the next available price.
• eToro will execute your order, and the proceeds will be updated in your eToro account balance right away.

You can then place a withdrawal request to transfer the cash to a personal bank account, debit/credit card, or e-wallet – based on the original payment method you used to make your Bitcoin Cash investment.

Ways to Invest in Bitcoin Cash

At the beginning of our guide, we discussed the top platforms for you to invest in Bitcoin Cash. As many of you might have noticed, those options can be categorized into two types – cryptocurrency brokers and exchanges.

Although both these options might give you easy access to Bitcoin Cash, they are fundamentally different, and the one you choose will depend on your personal preferences.

Bitcoin Cash Broker

If you are using a broker for your Bitcoin Cash investments, you will need to check whether your chosen platform is regulated – to ensure that your funds are in good hands.

For example:

• eToro is a fully licensed broker in the US, Europe, and Australia by multiple governing bodies.
• Coinbase and Binance US are also appropriately regulated, but only for US residents.
• Using a regulated broker makes it easy for you to invest in Bitcoin Cash by paying directly with fiat money.
• Crypto providers like eToro also support a number of payment methods, such as PayPal, Neteller, Skrill, debit/credit cards, and bank wire transfers.
• Moreover, those who wish to buy Bitcoin Cash from a regulated broker might also have the ease of storing their BCH tokens within the platform itself.

In other words, it will be more convenient for you to cash out your BCH investment later, as you can complete the entire process within your brokerage account portfolio.

Bitcoin Cash Exchange

Exchanges have emerged to be one of the most popular and common platforms used by cryptocurrency investors across the world. These days, you will not have to look hard to find such sites allowing you to purchase Bitcoin Cash via debit/credit cards or bank transfers. One such example we had listed here is the Seychelles-based platform OKEx.

While the OKEx platform is reputable, it still lacks the security that comes with regulated brokers that have licenses issued from the likes of the FCA or the SEC. And consequently, this only adds to the risk of your cryptocurrency investments. All in all, when thinking about the best place to invest in Bitcoin Cash, the safest and most convenient option is to stick with a regulated broker like eToro.

Should I Invest in Bitcoin Cash?

Being an inexperienced trader is no excuse for not educating yourself about the market risks. In fact, it is all the more reason for you to understand the advantages and drawbacks of investing in a highly volatile cryptocurrency like Bitcoin Cash.

As such, we urge you to do your own research before investing. Nevertheless, we have listed a few crucial points in the following sections that will give an overview of why this digital asset might be worth considering for your portfolio.

Forked From Bitcoin Network

As noted earlier, Bitcoin Cash is a hard fork of the original Bitcoin network. This means that this ecosystem relies on the resources used by its parent coin, including many of its original developers. Such close association to the most popular cryptocurrency in the world comes with its merits.

Moreover, these developers have also succeeded in convincing the world that Bitcoin Cash is a better version of its predecessor. This has been proved by its improved transaction speed and utilities. Furthermore, many investors consider Bitcoin Cash as a potential investment solely due to the fact that it is a consequence of the original Bitcoin network.

Bitcoin Cash Price Action

As with many other cryptocurrencies, Bitcoin Cash has experienced noticeable success since the turn of 2021. The digital asset was priced at $348 per token at the start of the year. Just five months later, the value of BCH coins had increased to $1,565 – translating to a gain of almost 350%

That said, the price of Bitcoin Cash has since dropped to $638, owing to its volatile nature. However, it still represents an increase of 80% over the course of the year. 

Practical Use Cases

Bitcoin Cash was created as a means to address the problematic areas of the original Bitcoin network. This has led to changes in the blockchain that resulted in the development of some impressive utilities.

• For instance, one of the main issues with Bitcoin was its limited block size of 1MB.
• Bitcoin Cash has expanded on this, by increasing the maximum block size to between 8MB and 32MB.
• Consequently, this facilitates a higher number of transactions at a better speed.

The BCH network now has the capacity to process over 25,000 transactions per block, which is a notable update compared to what was possible on Bitcoin. This feature enables Bitcoin Cash to add more use cases that involve processing more than just coins.

Bitcoin Cash is Used by Retailers

Bitcoin Cash is also supported by several online retailers as a payment method for goods and services. Given its increased transactional speed, it is likely that more platforms will be adding this digital coin as an option for its customers. Although there are several cryptocurrencies that are widely accepted as a payment method, they still lack features to facilitate easy transactions.

On the other hand, Bitcoin Cash has been developed to address these drawbacks and has hence gained wide acceptance among retailers and customers. Overall, Bitcoin Cash provides better transaction times, and scalability at low fees

What are the Risks of Investing in Bitcoin Cash?

As with any financial investment, you should also be aware of the risks before putting your hard-earned money into Bitcoin Cash.

Competition with Bitcoin

The close association of Bitcoin Cash with Bitcoin is both its boon and bane. In many ways, this cryptocurrency is in direct competition with its parent coin.

As such, an update that leads to improvements in the Bitcoin network might have positive or negative ramifications for your BCH investment. There is also the chance that similar cryptocurrencies could arise from another hard fork of Bitcoin, which will again add to the competition.

Competition With Other Cryptocurrencies

Bitcoin Cash might be a better version of Bitcoin in many ways. However, there are several other cryptocurrencies currently circulating the market that has improved tremendously on the drawbacks of Bitcoin. Ultimately, this means that Bitcoin Cash has to come up with innovative ways to cater to the evolving needs of the crypto industry. 

Volatility and Speculation

Lastly, and perhaps, most importantly, cryptocurrencies like Bitcoin Cash are known for their notorious volatility. This means the value of your investment may take a drastic turn in a matter of seconds, in your favor or against you. This adds to the inherent risk associated with this asset class. You might find yourself making double-digit percentage gains or losses within a 24-hour period based on the market economy.

How Much Does it Cost to Invest in Bitcoin Cash?

No matter which cryptocurrency platform you choose when learning how to invest in Bitcoin Cash, you will be required to pay certain fees to the provider. This will depend on the broker of your choosing.

For instance,

• Your broker might allow you to make a bank wire transfer for free – however, you will have to compromise on processing times.
• Debit and credit cards are a better choice for instant transactions – but these might cost you a higher fee.

Fortunately, not every broker charges you hefty fees. For example, eToro does not charge you fees for debit/credit card transfers if you are paying in US dollars. In fact, even if you are a non-US client, you will only have to pay a fee of 0.5% when adding funds to your account.

In summary, you should always make it a point to check the fee structure of your chosen Bitcoin Cash broker before you open an account with the platform.

How to Invest in Bitcoin Cash – Conclusion

Bitcoin Cash has shown good prospects for becoming a mainstream currency, especially if it continues its current stride. The process of investing in this cryptocurrency can be an easy and hassle-free process if you choose a regulated broker like eToro.

This top-rated platform gives you the option to start buying BCH tokens from $25. Moreover, you will only need to pay the spread when buying and selling Bitcoin Cash on eToro. Most importantly, eToro is regulated by the SEC and several other reputable financial bodies – so you can invest in a secure manner.

1

Min Deposit$50

Mobile AppYes

• Invest in a wide range of cryptocurrencies
• Ability to copy more experienced investors and their decisions
• eToro crypto wallet included which makes it beginner-friendly

Visit WebsiteOur score 10

More InfoClose More Info

Don't invest unless you're prepared to lose all the money you invest. Crypto asset investing is unregulated in most EU countries and the UK. No consumer protection. Your capital is at risk. CFD crypto trading is unavailable for clients residing in the UK and US.

Offer Terms

CySEC Regulatedno

IFSC Regulatedno

FCA Regulatedno

FAQs

How to invest in Bitcoin Cash?

It is common for investors to buy Bitcoin Cash from a cryptocurrency exchange, however, these tend to be largely unregulated. Therefore, the safest option you have is to choose a licensed brokerage platform like eToro. This will allow you to make secure investments easily by paying for your BCH tokens using a debit/credit card, bank transfer, or an e-wallet.  

Where to invest in Bitcoin Cash?

The most practical way to invest in Bitcoin Cash is to find a licensed brokerage firm that supports this digital asset. Our guide found that eToro is one of the best platforms to use, as it is not only heavily regulated, but also offers free in-house custodial storage for your BCH tokens. 

Should I buy Bitcoin Cash?

It is virtually impossible to predict whether your Bitcoin Cash investment will yield you any returns. As with all tradable assets, the market value of BCH tokens fluctuates every day based on supply and demand.  For this reason, you will want to do sufficient research to know the risks involved with this specific digital coin. You can also consider creating a diversified portfolio of different cryptocurrencies to limit your exposure.

How can I safely invest in Bitcoin Cash?

The safest way to invest in Bitcoin Cash is by using a regulated broker like eToro.

How can I cash out my Bitcoin Cash investment?

When it is time to sell your Bitcoin Cash investment, you can sign in to your brokerage account and sell your BCH tokens directly from there. On eToro, you will be able to find your digital assets in your portfolio and directly process the sale from within the platform.

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.

View all posts by Kane Pepi