Buy Bitcoin Cash – How To Buy Bitcoin Cash In The UK In Under 5 Minutes!

Fact Checked by Gary McFarlane

If you’re wondering how to buy Bitcoin Cash in the UK – the process can be completed from the comfort of your home in under 5 minutes. You simply need to register an account with a broker that supports Bitcoin Cash, deposit some funds with your debit/credit card or bank account – and choose how many BCH tokens you wish to purchase.

In this guide, we show you How To Buy Bitcoin Cash In The UK in a safe and low-cost way!

#1 Broker to Buy Bitcoin Cash – eToro

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  • Invest in a wide range of cryptocurrencies
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How To Buy Bitcoin Cash UK – Choose a Broker

The first step required when learning how to buy Bitcoin Cash in the UK is to choose a suitable broker. This will allow you to invest in BCH in a secure and low-cost environment.

Below you will find an overview of the best UK brokers that allow you to buy Bitcoin Cash online.

  • eToro – Overall Best Broker to Buy Bitcoin Cash UK
  • Coinbase – Best Broker to Buy Bitcoin Cash for Beginners
  • OKEx – Best Low-Cost Broker to Buy Bitcoin Cash UK via a Crypto Deposit
  • Binance – Best Broker to Buy Bitcoin Cash via a UK Bank Transfer

You will find a full and detailed review of each of the brokers above further down in this guide.

How to Buy Bitcoin Cash in the UK – A Quick Guide For 2021

If you’re looking to buy Bitcoin Cash in the UK right now without reading our comprehensive guide – below you will find a simple step-by-step walkthrough.

  • Step 1: Open an Account with eToroeToro – which is regulated by the FCA and used by over 20 million people, is the best broker to buy Bitcoin Cash in the UK. As such, open an account with the low-cost platform by entering your personal information and contact details.
  • Step 2: Upload Your ID – Quickly upload a copy of your passport or driver’s license to get your eToro account verified instantly.
  • Step 3: Deposit Funds – Choose your preferred deposit method – which includes a debit card, credit card, Paypal, bank transfer, and more.
  • Step 4: Buy Bitcoin Cash – Now that your account is funded – enter ‘Bitcoin Cash’ into the search box, click the ‘Trade’ button, and enter your investment stake ($25 minimum). Finally, click on the ‘Open Trade’ button to buy Bitcoin Cash on a spread-only basis!

You can now leave your newly purchased BCH tokens in your eToro wallet. When you want to cash out – simply hit the ‘Sell’ button from within your portfolio.

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

Where to Buy Bitcoin Cash in the UK

If you are investing in a cryptocurrency for the very first time – then it’s best to read our guide on how to buy Bitcoin Cash all of the way through. To begin, we are going to review the best UK platforms to invest in this popular digital currency – all of which offer a safe and secure way to complete your purchase.

1. eToro – Overall Best Broker to Buy Bitcoin Cash UK

etoro reviewIrrespective of whether you are a first-time investor or an experienced cryptocurrency trader – we found that eToro is the best broker to buy Bitcoin Cash in the UK. Crucially, not only is the broker simple to use and behind some of the lowest trading fees in the UK brokerage scene – but eToro is heavily regulated. This means that you can buy Bitcoin Cash in the UK in a safe and secure manner.

In fact, eToro is not only regulated by the UK and covered by the FSCS (non-crypto assets) – but it is also authorized and licensed by ASIC and CySEC. To use eToro for your cryptocurrency investment needs, you will first need to open an account by providing some personal information. After that, you can instantly deposit funds with your everyday debit card, credit card, or an e-wallet like Paypal. Bank transfers are also an option but the funds won’t be credited instantly.

etoro review

In having a funded account, you can then proceed to buy Bitcoin Cash in the UK on a spread-only basis. For those unaware of this term, this simply means that instead of being charged a trading commission – you will pay the mark-up between the buy and sell price. In this respect, the spread is very competitive at eToro across most of its crypto assets – including that of Bitcoin Cash. In addition to BCH tokens, eToro supports investments for heaps of other digital coins.

This includes everything from Litecoin, Bitcoin, Ethereum, XRP, and Dogecoin. The minimum stake per cryptocurrency investment is just $25 ((about £18) – which is ideal if you only want to get started with a small amount of money. You can also buy other assets at eToro – which includes thousands of commission-free shares and ETFs. This covers markets in the UK, US, Europe, Asia, and more. You can also trade indices, forex, and commodities.

etoro review

Other key features at eToro include a Copy Trading tool – which allows you to choose a successful investor and copy them like-for-like. There is also a CryptoPortfolio – which will get you access to a diversified basket of digital tokens. This portfolio service is managed by the team at eToro – so you can gain exposure to the wider crypto-asset marketplace in a passive way. Finally, eToro also offers a trading app that is free to download from Google Play and the App Store.

Pros

  • Invest in cryptocurrencies on a spread-only basis
  • Buy thousands of UK and international stocks at 0% commission
  • Minimum investment per trade from just $25
  • Supports debit/credit cards, e-wallets, and local bank transfers
  • Regulated by the FCA, CySEC, and ASIC
  • 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 Broker to Buy Bitcoin Cash for Beginners

coinbase reviewThe next broker that is worth considering in your search for Bitcoin Cash is Coinbase. This top-rated broker recently went public – with the firm opting for the NASDAQ exchange in the US. Launched in 2012 – Coinbase is now used by over 35 million people – so the platform offers a safe and trusted way to buy Bitcoin Cash in the UK.

You can invest in digital currencies at Coinbase in a number of different ways, albeit, the easiest is to use your debit card. All you need to do is open an account and upload your ID – and you can then buy Bitcoin Cash in the UK instantly. This will, however, set you back 3.99% in transaction fees. You can also deposit funds via a UK bank transfer for free. In doing so, you’ll need to pay a standard trading commission of 1.49% to then buy Bitcoin Cash.

coinbase review

When it comes to safety, Coinbase offers multiple security features. This includes keeping the vast bulk of client funds in cold storage, as well as IP/device whitelisting and two-factor authentication. You can also keep your Bitcoin Cash tokens in the Coinbase wallet – which is available to download via a mobile app. The broker offers dozens of other cryptocurrencies in addition to BCH – which includes both large-cap and small-cap tokens.

Pros

  • One of the most popular cryptocurrency exchanges
  • More than 35 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, UK’s #1 Broker

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. OKEx – Best Low-Cost Broker to Buy Bitcoin Cash UK via a Crypto Deposit

Although most investors in the UK will look to buy Bitcoin Cash with a debit/credit card or e-wallet, some prefer to complete the purchase with another cryptocurrency. That is to say, if you currently hold an alternative digital token like Dogecoin, Bitcoin, or Ethereum – then you can easily exchange it into Bitcoin Cash. Perhaps the best broker for the job in this respect is OKEx – which is used by over 20 million people.

In fact, if you are thinking about buying Bitcoin Cash in the UK with cryptocurrency – then you don’t even need to provide any personal information when opening an account. This also means that you can avoid having to upload documents and subsequently complete a KYC process. Instead, it’s just a case of registering by entering your email address, transferring your chosen digital asset into OKEx, and then instantly swapping the tokens into Bitcoin Cash.

okex review

In doing so, you will benefit from a transaction-free deposit and a trading commission of just 0.10%. There are direct BCH pairs that contain Bitcoin, Ethereum, Tether, and more. If cryptocurrency diversification is a strategy that interests you, OKEx is home to hundreds of other markets. This covers large projects, smaller ERC-20 tokens, and a good selection of Defi coins. If you do want to fund your OKEx account with a debit/credit card or bank transfer – this is also supported, but expect to pay higher fees.

Pros

  • Trusted crypto exchange with over 20 million users
  • More than 400+ digital currency pairs
  • Buy and sell cryptocurrencies with a debit/credit card or bank transfer
  • Low commissions that start from 0.1%
  • Fully-fledged mobile app on Android and iOS
  • Great reputation and highly secure

Cons

  • Debit/credit card fees could be more competitive
  • Derivative products too complex for beginners

at eToro, UK’s #1 Broker

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. Binance – Best Broker to Buy Bitcoin Cash via a UK Bank Transfer

Last – but certainly not least is Binance – the largest cryptocurrency exchange in terms of users and volume. In fact, not only is the exchange used by over 100 million people but daily trading volumes average tens of billions of pounds. This top-rated exchange accepts an assortment of payment methods, albeit, the best is arguably a UK bank account transfer.

This is because you can deposit funds for free – with the transaction taking just a few minutes to arrive. Debit and credit cards are also supported – which will attract an all-in purchase fee of 1.8%. If opting for the bank account option, you will only need to pay a standard trading commission of 0.10% to then manually buy Bitcoin Cash in the UK. Much like OKEx, you also have the option of funding your Bitcoin Cash investment with any cryptocurrency.

binance review

In addition to Bitcoin Cash, Binance offers a huge collection of alternative digital tokens. In particular, the exchange is strong when it comes to up-and-coming cryptocurrencies that are new to the industry. Binance offers a mobile trading app on iOS and Android – which allows you to buy and sell digital tokens on the move. There is also the Trust Wallet – which is backed by Binance. This is a mobile wallet that allows you to safely store your cryptocurrency investments – including BCH tokens.

Pros

  • Facilitates billions of dollars in daily trading volume
  • Supports hundreds of digital asset pairs
  • Near-instant deposits via debit/credit cards and local bank transfers
  • 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, UK’s #1 Broker

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 in the UK – Detailed & Explained in Full

We have now reviewed the very best brokers that allow you to buy Bitcoin Cash in the UK. In the next section of our guide, we are going to walk you through the investment process step-by-step. This will show you how to open an account with FCA-regulated broker eToro, deposit funds, and finally – complete your BCH purchase.

Step 1: Open a Crypto Broker Account

To get started with eToro – visit the provider’s homepage and open an account. You’ll be asked to provide a range of personal information – such as your name, address, email, telephone number, and national insurance number.

how to join etoro

You will also need to choose a username and strong password – which will be required when you attempt to log into 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: Verify Your Identity

Much like you would when using a traditional stockbroker – eToro, is legally required to verify your identity. This should only take you a couple of minutes – as it’s just a case of uploading a clear copy of your:

  • Passport or driver’s license
  • Utility bill or bank account statement

Your proof of address document must have been issued within the past three months. Once you upload the documents, eToro can usually verify them instantly. If, however, you do not have the required KYC documents to hand in, you can do this at a later date. This needs to be done before you can deposit more than $2,250 or make a withdrawal, though. As such, if possible, it’s best to do it now.

Step 3: Deposit Funds

The next step is to make a deposit into your eToro account. As we briefly covered earlier, the broker offers a vast range of convenient payment methods to choose from. This is inclusive of:

  • Debit card
  • Credit card
  • Paypal
  • Neteller
  • Skrill
  • Bank Transfers

Apart from the bank account option, all other supported payment methods at eToro are instant. This means that by opting for a debit/credit card or e-wallet, you can buy Bitcoin Cash in the UK instantly.

Although the minimum BCH investment is $25, you will need to deposit at least $200 if this is your first time using eToro. After that, you can make a minimum deposit of just $50. Furthermore, there is a 0.5% deposit fee applied to all payment methods. This is actually super-competitive, as Coinbase and Binance charge 3.99% and 1.8% on debit/credit deposits, respectively.

Step 4: Search for Bitcoin Cash

You are now ready to buy Bitcoin Cash in the UK! To go to the relevant investment page, enter ‘Bitcoin Cash’ into the search box and click on the ‘Trade’ button.

buy bitcoin cash etoro

Step 5: Buy Bitcoin Cash UK

The final step is to place a buy order on Bitcoin Cash. As you will see in the image below, you need to enter your stake in the ‘Amount’ box. When you do, the number of Bitcoin Cash tokens that you receive will automatically update.

In our example, we are buying $25 worth – which is the minimum. At current BCH price, this means that we will get 0.05 BCH tokens. To confirm your buy order – click on the ‘Open Trade’ button. eToro will then execute your order instantly and your newly purchased Bitcoin Cash tokens will appear in your portfolio!

Buy Bitcoin Cash – Best Place to Buy Bitcoin Cash in the UK

In choosing the best way to buy Bitcoin Cash in the UK – you will need to think carefully about the provider you opt for. In most cases, this will be a choice between a cryptocurrency broker or an exchange.

Below we explain how each option works so that you can buy Bitcoin Cash in the UK in the best way for you.

Online Cryptocurrency Broker

There are several online brokers in the UK that allow you to buy Bitcoin Cash in a safe and simple way. This is because the broker will allow you to buy BCH tokens directly – which in turn, means that it must have the required regulatory remit to do so. In the case of eToro, for example, the broker is regulated by the FCA, ASIC, and CySEC.

In turn, this means that the platform can sell your Bitcoin Cash tokens at the current market rate. It also means that you will have access to a fiat currency facility – so you can easily deposit and withdraw funds via debit/credit cards, bank transfers, or e-wallets. You can also sell your Bitcoin Cash tokens back to your chosen online broker – when the time to cash out eventually comes.

Cryptocurrency Exchange

The vast majority of online platforms giving you access to Bitcoin Cash come in the form of a cryptocurrency exchange. These are platforms that match you with other market participants. In other words, you will be buying Bitcoin Cash from somebody that wishes to sell. On the one hand, the best cryptocurrency exchanges in the market offer super-low fees and huge levels of liquidity and volume.

bitcoin cash exchanges

You will also have access to a much broader selection of cryptocurrencies when using an exchange. However, as most cryptocurrency exchanges do not support fiat currency, this allows them to operate without a regulatory license. As a result, buy using an exchange to buy Bitcoin Cash in the UK – you can never be 100% sure that your money is safe.

Ways to Buy Bitcoin Cash UK

You also need to think about the many ways to buy Bitcoin Cash in the UK – in terms of payment methods

Your options include the following:

Buy Bitcoin Cash With Debit Card

You can buy Bitcoin Cash with a debit card from all of the brokers that we discussed in our reviews earlier. This is inclusive of eToro, Coinbase, OKEx, and Binance. The process will initially require you to upload a copy of your driver’s license or passport – as per KYC regulations.

buy bitcoin cash with debit card

Then, you will need to enter your debit card details and the amount of BCH you wish to buy. In confirming the transaction, your chosen broker will instantly execute your order and the Bitcoin Cash tokens will be added to your portfolio.

Buy Bitcoin Cash via Debit Card with 0% Commission Now >

Buy Bitcoin Cash With Credit Card

Some brokers – including eToro, also support credit cards. If you do want to buy Bitcoin Cash with a credit card – just be wary of fees. This is because your issuer might charge a credit card cash advance fee – which can be as much as 5%.

Buy Bitcoin Cash With Paypal

We found that the only trusted broker in the UK allowing you to buy Bitcoin Cash with Paypal is eToro. All you need to do is log in to your Paypal account when prompted, confirm the deposit amount, and then the transaction will be processed instantly.

Buy Bitcoin Cash With Bitcoin

If you want to buy Bitcoin Cash in the UK without providing any personal details or KYC documents, then you will need to pay for your purchase with a cryptocurrency like Bitcoin. All you need to do is find an exchange that offers a crypto market on Bitcoin Cash – such as Binance.

The platform also offers BCH pairs with Ethereum and Tether. You will pay a small commission of 0.10% when buying Bitcoin Cash with crypto – which is super cheap.

Why Buy Bitcoin Cash UK?

If this is your first time buying Bitcoin Cash in the UK – we would suggest doing some independent research before taking the plunge. This means exploring fundamental and technical factors surrounding the digital token to ensure it is suitable for your financial goals and tolerance for risk.

The most important factors to consider when thinking of how to buy Bitcoin Cash in the UK are as follows:

Past Performance

Although Bitcoin Cash does have potential in terms of becoming the go-to blockchain for globalized payments, it should be noted that the project is nowhere near achieving this goal. Instead, the vast majority of people that decide to buy Bitcoin Cash in the UK do so because they hope to make money.

This goal is possible if the value of BCH increases above the price you originally paid. Although past performance is no sure-fire way of predicting the future, this at the very least allows us to assess what sort of returns might be possible. So, back in 2017 – which is when Bitcoin Cash was first launched, you would have paid $440 per token.

bitcoin cash price

Just a few months later, Bitcoin Cash high highs of over $3,700. This means that those buying the digital currency when it was first launched would have been in profit by over 740%. On the other hand, Bitcoin Cash – at the time of writing in July 2021, is trading at $483 per token. This is only slightly above its initial listing price of $440 – so do bear this in mind.

Many Argue That Bitcoin Cash is a Better Payments System Than Bitcoin

When Bitcoin was first created and subsequently launched in 2009 – it was dubbed as an electronic payments system that could revolutionize the traditional financial system.

  • However, more than 12 years since it was brought to the public domain, Bitcoin is still too sluggish to be seriously considered as a global medium of exchange.
  • On the contrary, the digital currency now acts more like a store of value.
  • In comparison, some market commentators argue that Bitcoin Cash is actually more suitable as a payments network.

Crucially, this is because the network has a maximum block size of 32 MB, while Bitcoin stands at just 1 MB. In Layman’s Terms, this means that Bitcoin Cash can handle more transactions than its Bitcoin counterpart.

After all, while Bitcoin can process 7 transactions per second, it is estimated that Bitcoin Cash can handle up to 116. Bitcoin Cash transactions are also cheaper, which again, potentially makes the network more conducive for facilitating global payments.

Buy the dip

We mentioned above that Bitcoin Cash is now trading at a price that is just a smidgen above its original listing value. With that said, many argue that BCH is simply in a prolonged period of stagnation – much like the wider cryptocurrency industry. This is because in the first few months of 2021 – Bitcoin Cash increased in value by a considerate amount.

bitcoin cash market cap

For example, in early January 2021, you would have paid just $342 per token. Then, in May 2021, the same digital currency was trading at $1,589. This means that in just five months, the value of Bitcoin Cash increased by 360%. Ultimately, if you believe that Bitcoin Cash will eventually resume its prior upward trajectory – it’s best to enter the market now while the tokens are undervalued.

The Cost of Buying Bitcoin Cash

One of the main considerations that you need to make when thinking about how to buy Bitcoin Cash is the costs involved. This is because your chosen cryptocurrency broker will charge you a fee in return for giving you access to the digital asset markets.

The main Bitcoin Cash fees that you need to check before proceeding are as follows:

Deposit Fees

You might need to pay a deposit fee when buying Bitcoin Cash in the UK. This does, however, depend on the payment method that you decide to use.

  • For example, if you are happy to deposit funds into the broker via bank transfer, then this is usually the cheapest option.
  • For instance, both Coinbase and Binance offer fee-free bank transfers in the UK.
  • If you want to buy Bitcoin Cash in the UK with a debit/credit card – then expect higher fees.

Although eToro is really competitive at just 0.5%, platforms like Coinbase charge 3.99%.

Trading Commission

Depending on your chosen payment method – you might also need to pay a trading commission to buy Bitcoin Cash in the UK.

  • For example, if you benefited from a low-cost bank transfer, you will then need to manually buy BCH tokens by placing a trade.
  • At platforms like Coinbase, this will cost you 1.49%.
  • Binance and OKEx are much cheaper at just 0.10%.

If, however, you elect to buy Bitcoin Cash instantly with a debit or credit card – the commission is usually included in the transaction fee. For instance, at Binance, you will pay 1.8% to buy BCH tokens with Visa or MasterCard – which is the all-in cost.

Risks of Buying Bitcoin in the UK

Instead of focusing entirely on your profit potential, you also need to consider the risks of buying Bitcoin Cash. We found that the risks listed below are the most prevalent – so bear these factors in mind before you proceed.

Overall Performance has Been Poor

We mentioned earlier that while Bitcoin Cash initially hit public cryptocurrency exchanges at $440 – as of July 2021, the digital token is trading at just $480.

  • In simple terms, this means that in almost four years of trading, Bitcoin Cash has returned just 9%.
  • Crucially, this is significantly less than other major cryptocurrencies in the UK.
  • For example, on the same date that Bitcoin Cash was launched, Bitcoin was trading at $2,754.
  • And in terms of its price at the time of writing – this stands at just over $32,000.

This means that during the same period, Bitcoin has returned over 1,000% – compared to Bitcoin Cash’s 9%.

Bitcoin is King

Although there are arguments to be made about Bitcoin Cash’s suitability as a global payments network – Bitcoin always had, and likely always will be – the de-facto cryptocurrency of choice. Not only in terms of its price and market capitalization – but newbie investors are simply more comfortable investing in BItcoin over other digital tokens.

Bitcoin Cash is a Carbon Copy of Bitcoin

bitcoin cash logoAnother important thing to remember is that Bitcoin Cash is simply a carbon copy of Bitcoin. Sure, the BCH project has since made improvements to the underlying blockchain.

But, when Bitcoin Cash was first launched in 2017 – this was in the form of a hard fork. In simple terms, this means that Bitcoin Cash copied the same blockchain code as used by its Bitcoin counterpart.

In fact, when you look at the Bitcoin Cash logo – you will notice that is extremely similar to that of Bitcoin. Under normal circumstances, this would be a clear case of copyright infringement.

Selling Bitcoin Cash: A Quick Overview

If you’re wondering how to sell Bitcoin Cash in the UK – you can usually do this through your chosen online broker. At eToro, for instance, your purchased BCH tokens will be kept in your online portfolio. This means that you have the option of cashing out at any given time by hitting the ‘Sell’ button.

If you are storing your Bitcoin Cash tokens in a private wallet, then you will first need to transfer them into an exchange or broker. Then, you can proceed to cash out your Bitcoin Cash tokens by placing an appropriate sell order.

How to Buy Bitcoin Cash UK – Conclusion

This guide has walked you through the process of how to buy Bitcoin Cash in the UK with a trusted and low-cost broker – eToro. This top-rated trading platform is authorized and regulated by the FCA and you can instantly fund your brokerage account via debit/credit card or e-wallet payment.

You only need to meet a minimum investment stake of $25 and you can sell your BItcoin Cash investment at any given time – 24 hours per day. Finally, when you buy BItcoin Cash in the UK at eToro – you only need to cover the spread.

eToro – Best FCA Broker to Buy Bitcoin Cash UK

1
$50Exclusive promotion
Our score10
  • 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
0% Commissionstart TradingOur score 10

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.