Bitcoin Cash (BCH) is a spin-off from the Bitcoin blockchain that arose as a result of a so-called hard fork on August 1, 2017. The cryptocurrency achieved widespread use right after the hard fork. Why it’s important to trade Bitcoin Cash? Why should you actually invest in BCH?
Well, there are many reasons to invest in BCH or any other cryptocurrency. That’s why it’s important that you know the reason for investment. That way you can choose the right strategy.
- You can invest in BCH or other cryptocurrencies for passive income that may not be enough to sustain your primary income.
- You can keep your capital on a decentralized blockchain that isn’t under the control of any regulations.
- You can opt for short or long term investments depending on your situation and preferences.
- Perhaps you would like to support the Bitcoin Cash Initiative and can hold BCH tokens.
How to trade Bitcoin Cash? What are the key aspects to know? Today, Switchere will help you find out. Let’s get started!
Where to Trade Bitcoin Cash: Best Trading Platforms
Where to trade Bitcoin Cash? As one of the most popular cryptocurrencies, BCH is available on a wide variety of exchanges and trading platforms. However, there are a number of factors to consider before choosing a particular platform.
For example, you should look for a reputable service provider with reasonable transaction fees, 24/7 customer support, an easy-to-use interface, and support for multiple payment methods. So, where to trade Bitcoin Cash? Some of our top picks are listed below.
As one of the leading trading platforms, eToro is your best choice to trade Bitcoin Cash. It offers a wide variety of cryptocurrency CFDs, a simple user interface, reasonable transaction fees, and expert cryptocurrency advice. It will be difficult to find a better solution.
With years of experience in cryptocurrency trading, Plus500 is another great option for new traders. It offers the right combination of affordability, variety, reliability, and convenience to ensure a great trading experience.
If you are looking for something a little different where you can get a user-friendly UI with a serious experience, FXTB is one of the platforms to consider.
The Best Exchange to Trade Bitcoin Cash: Where Can I Buy BCH?
What is the best exchange to trade Bitcoin Cash? If you want to buy BCH, it’s best to open an account on one of the various payment service providers. After paying in a certain sum of money (for example by transfer or credit card), Bitcoin Cash coins can now be purchased. The corresponding account balance is then saved in the network and an owner can trade a digital currency at any time.
Still, what is the best exchange to trade Bitcoin Cash and buy BCH? If you’re interested in buying the crypto safely, you should definitely think about doing this at Switchere. On our platform, you have an opportunity to buy and sell BCH in the fastest and most convenient way. Moreover, we offer some surprising bonuses! Users of our platform enjoy a 0% service fee for the first order.
Who Will Trade Bitcoin Cash: Key Ways to Trade BCH
How to trade Bitcoin Cash? Should you trade Bitcoin Cash with or without a wallet? Let’s find out!
In general, a wallet is always the safest place to store your investments. If your coins and tokens are stored on an exchange, you can lose access to them — for example, if an exchange will declare bankruptcy unexpectedly.
Using a wallet isn’t necessarily more complicated than using the common exchange platforms. A wallet is therefore recommended in any case. However, the use of a wallet isn’t mandatory for Bitcoin Cash trading.
If you are fearless, you can simply keep your BCH on the account of one of the crypto exchanges, provided that an exchange supports this. At Coinbase this is possible, for example.
What other key tips to trade BCH do you know? Feel free to share your tricks in the comments. Become the one who will trade Bitcoin Cash easily with Switchere!