Why Was Bitcoin Cash Created?

Bitcoin Cash emerged from a split within the Bitcoin community over how best to scale the network. One group supported scaling through Layer 2 solutions like the Lightning Network, while others advocated for increasing the block size to improve the number of on-chain transactions the network could handle. The latter group initiated a hard fork in 2017, resulting in the creation of Bitcoin Cash. With larger block sizes, BCH can process significantly more transactions per second, making it faster and more cost-effective for daily financial use.

What is Bitcoin Cash used for?

Bitcoin Cash is primarily used as digital money. Its low transaction fees and fast confirmation times make it ideal for peer-to-peer payments, online purchases, cross-border remittances, and microtransactions. It is accepted by a growing number of merchants and is designed to be a practical alternative to traditional currencies and even Bitcoin itself.

How is Bitcoin Cash different from Bitcoin?

While Bitcoin (BTC) and Bitcoin Cash (BCH) share a common origin, they have diverged in purpose and design. BCH supports larger block sizes, enabling it to process more transactions per second and keep fees extremely low. Bitcoin, in contrast, has smaller blocks and is increasingly viewed as a store of value. BCH focuses on being fast, cheap, and usable for everyday transactions.

Can I mine Bitcoin Cash?

Yes, Bitcoin Cash can be mined using the same SHA-256 algorithm as Bitcoin. Miners validate transactions and secure the network in exchange for block rewards and transaction fees. BCH has a similar block time (~10 minutes) and undergoes reward halvings every four years, just like Bitcoin.

Is Bitcoin Cash safe to use?

Bitcoin Cash is secured by a Proof-of-Work consensus mechanism and has a robust network of miners. It benefits from many of the same security principles as Bitcoin. However, as with all cryptocurrencies, users should take precautions such as using secure wallets, safeguarding private keys, and avoiding phishing scams.

Where can I buy and store Bitcoin Cash?

You can buy BCH directly on Phemex, and we’ll securely hold it on your behalf as a custodial exchange. You can also use other cryptocurrency like USDT to trade BCH on the Phemex spot market. After acquiring BCH, it will be held in your Phemex spot wallet which boasts meticulous security mechanisms.

How to Buy Bitcoin Cash (BCH) Guide

How to Buy Bitcoin Cash (BCH) on Phemex

Buy Bitcoin Cash (BCH) effortlessly on Phemex, the most efficient crypto exchange trusted by millions. Enjoy secure, instant purchases with flexible payment methods, including credit cards, bank transfers, third-party providers and P2P trading, accessible worldwide. Phemex’s intuitive platform and robust security make buying BCH seamless. Kickstart your cryptocurrency journey today—buy Bitcoin Cash securely and confidently on Phemex.

Price of Bitcoin Cash

$579.85 -3.09%

Where can I Buy Bitcoin Cash (BCH)?

Discover where to buy Bitcoin Cash (BCH) on Phemex, a secure cryptocurrency exchange trusted worldwide. These three easy steps let you buy BCH with low fees using credit cards, debit cards, bank transfers, or third-party providers—no minimums, no hassle. With two-factor authentication (2FA), proof-of-reserves audits, and anti-phishing protection, Phemex is the safest place to buy Bitcoin and the best place to buy Bitcoin online.

Step 1. Set Up a Secure Account

Sign up on Phemex in moments with your email to start trading Bitcoin Cash (BCH) globally. Complete quick identity verification to unlock instant purchases. Phemex’s secure registration, backed by 2FA and proof-of-reserves audits, keeps your account safe from the start, making it a trusted cryptocurrency exchange.

Step 2. Choose a payment method

Choose payment options like credit cards, debit cards, bank transfers, or third-party providers for instant processing. Select your fiat currency and (BCH), and enter the amount to spend. Click “Buy” to proceed with ultra low fees. Phemex’s secure platform, backed by 2FA, ensures the fastest way to buy Bitcoin Cash with peace of mind.

Credit/Debit Card

Support:

Currencies 30+

Lowest Fee 0.8%

Arrival Instant

Best For First purchase/Small Amounts

Buy with Credit/Debit Card

Step 3. Buy and Store Bitcoin Cash (BCH) Safely

Confirm your order details and complete payment to buy Bitcoin Cash BCH instantly. Your (BCH) will be credited to Phemex’s high-security wallet, protected by advanced encryption, within 1 hour or after third-party processing. Buy BCH safely and start trading or holding your BCH today with the best place to buy BCH online.