How to Buy Bitcoin Cash

From payment methods to platforms/venues used, where your bitcoins go and more - this is your complete guide to buying bitcoin cash.

• How to Buy Bitcoin Cash

Get your first bitcoin cash in minutes!

1. Download the Bitcoin.com wallet.

2. Click the Buy button.

3. Set up your payment method Apple Pay, Debit Card, (Credit/etc.) and verify your identity.

• Index
  Key points to consider

  Not your keys, not your bitcoins!

  Why do I need to verify my identity to buy Bitcoin Cash?

  What are the fees for buying Bitcoin Cash?

  How to Buy Bitcoin Cash

  Key points to consider

  There are three main things to consider when buying Bitcoin Cash:

  Method of Payment or Payment

  Platform/space used

• Where does your Bitcoin Cash go?

  Payment methods range from credit cards to bank transfers to payment apps (PayPal, Apple Pay, Google Pay, Samsung Pay, etc.), cash and even face-to-face. Each payment method comes with trade-offs in terms of convenience, privacy, and associated fees.

  Platforms/venues for buying Bitcoin Cash include digital wallet providers, centralized instant exchanges, OTC counters ("over-the-counter" private exchange services primarily used by high net worth individuals), peer-to-peer marketplaces, and even payment applications. Like PayPal and Venmo.

  Of course, it is also possible to buy bitcoin face-to-face. For example, you can give cash to your friend in exchange for receiving an agreed amount of Bitcoin Cash.

  Where does Bitcoin Cash go after purchase, the options are:

  In a Bitcoin Cash wallet that you control (for example, a "no hold" wallet like the Bitcoin.com wallet)

  In a Bitcoin Cash wallet that someone else controls (for example, centralized cryptocurrency exchange or a payment app like PayPal).

Not your keys, not your bitcoins!

When Bitcoin Cash is in a wallet you control (known as a "non-wallet" wallet), you never need to ask permission to use it. This means that you can receive your Bitcoin Cash without waiting for a third party, such as a central exchange, to approve the transaction. This means that you can send your Bitcoin Cash wherever you want, whenever you want, and you'll always pay the same low price (usually less than a penny).

In contrast, many Bitcoin Cash custodians place strict restrictions on what you can do with your Bitcoin Cash. First, in most cases, only people living in certain countries can use the warranty service. You may have to register an address before you can send Bitcoin Cash, you may have to wait several days before you are allowed to withdraw, and withdrawals always incur high fees. In some cases, no withdrawal is allowed. It is also not uncommon for your account to be completely frozen. If you are considered a security or fraud risk, for example, you may be banned from accessing your account without taking action.

Perhaps most importantly, non-custodial wallets are more secure. As long as you maintain password management best practices, you won't have to worry about getting hacked and you won't face the risk of an adversary hacking a central exchange or going out of business.

Get Bitcoin.com Wallet, the non-wallet Bitcoin Cash trusted by millions.

Also, read the Difference between wallet and non-wallet bitcoins.
Why do I need to verify my identity to buy Bitcoin Cash?

When you purchase Bitcoin Cash with an official currency, such as dollars or euros, through an exchange service, you are dealing with an organized business. These companies must comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) rules regarding money transfers. These regulations require the collection and storage of customer information, including identification documents and sometimes proof of address.

• What are the fees for buying Bitcoin Cash?

  For example, if you are directly from a friend and settling for cash, then you only need to consider "network fees" for sending Bitcoin Cash from your friend., you only need to consider the "network fee" for sending Bitcoin Cash from your friend's digital wallet to you. The network fee for sending Bitcoin Cash is usually less than a penny, so in most cases, you can ignore it entirely.