Bitcoin Cash (BCH) is one of the youngest and most dynamic digital currencies. The BCH rate has increased many times faster than the rate of Bitcoin since it was launched. I'll tell you how to benefit from Bitcoin Cash development!
BUY BITCOIN CASH - THE MOST IMPORTANT IN BRIEF
Bitcoin Cash is one of the most important cryptocurrencies in the world.
Bitcoin Cash is considered a little bitcoin brother, but is technically more advanced than the best-known digital money.
If you want to buy Bitcoin Cash, you can do it in different ways.
For the physical purchase of Bitcoin Cash you need a so-called wallet, for example for your smartphone or PC. A hardware wallet is particularly secure.
BITCOIN CASH - ONE OF THE MOST IMPORTANT CRYPTO CURRENCIES
Bitcoin Cash is a huge success story. Bitcoin Cash's stock exchange price (BCH for short) climbed more than 300 percent in the first six months after its launch. This means that Bitcoin Cash increased in value much faster than the best-known and most important cryptocurrency Bitcoin. While its big brother Bitcoin has existed since 2009, Bitcoin Cash only saw the light of day on August 1, 2017.
Bitcoin Cash was initiated by a so-called hard fork, i.e. by a spin-off from Bitcoin. From a technical point of view, Bitcoin Cash is therefore much more developed than many other online currencies. Bitcoin Cash was one of the most important crypto currencies in a very short space of time. Several years after the birth of Bitcoin Cash, the European Central Bank (ECB) counts the Bitcoin spin-off alongside Bitcoin, Ether and Ripple as one of the most important cryptocurrencies on the market - in terms of usage and market capitalization, among other things.
For many investors, the interest remains high in benefiting from the development of the little bitcoin brother. As an investor, you have several options for investing in Bitcoin Cash.
THE EASY WAY: BITCOIN CASH CFD
Do you want to participate in the performance of Bitcoin Cash? Then you can buy and sell Bitcoin Cash relatively easily through a CFD broker. As with a security, with a Bitcoin Cash CFD you participate directly in the development of the BCH price. If the rate of the internet currency increases, so does the value of your Bitcoin Cash CFD.
With a Bitcoin Cash CFD, you do not physically own the cryptocurrency, so you do not own any digital coins or files. You can do this by leveraging your Bitcoin Cash CFD. For example, if you use a leverage factor of 30, your Bitcoin Cash CFD will rise or fall 30 times as much as the "normal" rate of the cryptocurrency. Participation in a ratio of 1:1 is of course also possible.
Important: Always only trade with the money that you can bear to lose - CFDs are a speculative instrument just like Bitcoin Cash.
Tip: If you want to buy or sell Bitcoin Cash as a CFD, you can do so at Plus500, for example. Plus500 offers payment by credit card and PayPal as well as a very fast account opening without PostIdent.
You can of course also use any other CFD broker of your choice.
THE BITCOIN CASH CERTIFICATE
In addition to buying CFDs, there is another - also very simple - way to buy Bitcoin Cash: a Bitcoin Cash certificate. With a certificate bought on the stock exchange, you can benefit particularly comfortably from the development of Bitcoin Cash. For example, Vontobel offers a Bitcoin Cash certificate on Bitcoin Cash. The performance of the Open End Participation Certificate on Bitcoin Cash is based on the performance of the underlying.
Similar to conventional securities trading, you need a securities account to trade Bitcoin Cash certificates.
WHERE CAN I BUY REAL BITCOIN CASH?
If you not only want to participate in the BCH price development, but also want to physically own the digital money, then you can also buy "real" Bitcoin Cash. For this you have to get a so-called wallet. This electronic wallet is similar to a checking account and is a basic requirement for owning real digital currencies. With the wallet you can make transfers and, for example, receive and send Bittcoin Cash.
The transfer of digital currencies is basically no different from a bank transfer, but instead of an account number, a receiving address is used. Because the digital currency works without an intermediary and the coins are sent directly from person to person, the fees incurred are lower than with banks.
If you buy Bitcoin Cash on multiple portals, you can combine them in a single Bitcoin wallet. However, if you buy different digital currencies, you will usually need different wallets. A Bitcoin Cash wallet for the smartphone is particularly convenient for everyday use. You can also set up a wallet for online payments only on your PC or tablet.
Important: After downloading and installing the wallet, you should assign a strong password, a so-called passphrase. You will then have to enter this access code before each transaction in the future, so you need to remember it very carefully. If you write down the passphrase somewhere, then make sure that the code does not fall into the wrong hands.
Tip: If you want to find out more about wallet, blockchain & Co., i recommend crypto lexicon.
BITCOIN CASH MARKETPLACE
If you want to buy Bitcoin Cash, you can also do so on what is known as a marketplace. The most famous German marketplace for cryptocurrencies is called bitcoin.de. Here users can trade online currencies directly with one another and with one another. A price is then formed through supply and demand.
The best-known digital currency Bitcoin and its little brother Bitcoin Cash have long been tradable on bitcoin.de. More crypto currencies are to follow, trading in Ethereum was recently added - but still in a closed beta test, so trading is not yet accessible to every user of the platform. In order to be able to trade via bitcoin.de, investors should have an account with the Fidor Bank. So you should include the time required to open an account including the video identification process.
BITCOIN CASH EXCHANGES
There is another way you can trade cryptocurrencies: crypto exchanges. The best-known trading exchanges include CEX.IO, Kraken and Bitstamp. When trading on exchanges for digital currencies, you should note that the rates for Bitcoin, Bitcoin Cash, Ethereum, Monero and Co. on different trading platforms differ significantly from each other.
But how does stock exchange trading in Internet currencies actually work? You exchange conventional currencies such as US dollars or euros for Bitcoin, Bitcoin Cash or other digital currencies on the aforementioned or other crypto exchanges. You specify how many "coins" you want to buy or sell at which rate.
If the exchange on which you are trading finds a suitable offer, the order will be executed - there is hardly any difference to trading on international stock exchanges. The orders or coins will then be credited to you. Processing is particularly easy on CEX.IO, where investors can also pay with credit cards such as VISA and MasterCard. In contrast to the marketplaces described above, trading on crypto exchanges is automated.
BUY BITCOIN CASH OFFLINE
You can also get Bitcoin, Bitcoin Cash, Ethereum, Monero & Co. offline for cash. There are platforms on the Internet that mediate meetings between private individuals, potential buyers, and dealers, potential sellers in the area. For example, investors of digital currencies can come together on Bitcoin-Treff.de. However, you should note that trading between crypto investors is anonymous and unregulated.
Fans of cryptocurrencies also have the chance to exchange information about current developments and investment opportunities offline. Regular meetings take place throughout the German-speaking area, which often give opportunities to trade Bitcoin, Bitcoin Cash or other Internet currencies.
START TRADING BITCOIN CASH NOW
TRADING BITCOIN CASH - YOU SHOULD KNOW AND DO THIS
1. If you want to buy Bitcoin Cash, you should first decide whether you want to own physical coins or whether you simply want to participate in the price development.
2. Experienced investors can participate in the performance of cryptocurrencies with a CFD purchase, for example via the CFD broker Plus500. It is also particularly convenient to participate in the Bitcoin Cash course via a certificate.
3. The purchase of "real" coins via a marketplace or a crypto exchange is somewhat more time-consuming and complicated.
4. Remember: to buy cryptos, you need a wallet with a strong password.
There are no ne physical cryptos. Cryptos are digital.
You need a wallet with a seed. Read here how does Bitcoin Cash wallet work:
https://read.cash/@Telesfor/how-does-bitcoin-cash-wallet-work-27adaff4