How to buy Bitcoin Cash with a debit/credit card
If you've ever tried to buy Bitcoin with a debit or credit card, you'll know that it isn't always easy. You just want to buy cryptocurrency with a standard bank card, but the transaction often takes a lot of time and can have high fees attached to it. That's why Bitcoin Cash (BCH) was created as a way to realise Bitcoin's original vision of peer-to-peer electronic money.
Bitcoin Cash was created in 2017 as a hard fork of the Bitcoin blockchain, with block sizes increased to 8 MB from 1 MB.
This allows for more transactions per block, making buying and selling Bitcoin Cash easier and cheaper. Bitcoin Cash blocks now have up to 32 MB, so it's never been easier to buy cryptocurrency with your credit card.
What is Bitcoin Cash?
Bitcoin Cash (BCH) is a cryptocurrency that was created as a solution to Bitcoin's scalability issues. While Bitcoin's blockchain prioritises security and stability, it sacrifices scalability. As a result, Bitcoin transactions are slow compared to credit card transactions through Visa, which can process thousands of transactions per second. In contrast, Bitcoin can only process a few transactions per second, with each batch taking up to 10 minutes to process.
A group of Bitcoin miners and developers created Bitcoin Cash to address these concerns. Unlike most BTC miners, this group disagreed with the SegWit2x update and instead chose to increase the size of each block in the blockchain. As a result, Bitcoin Cash officially became a separate cryptocurrency in August 2017 through a process known as a hard fork from the Bitcoin blockchain.
Bitcoin Cash operates similarly to Bitcoin, as their code is very similar. Users can operate Bitcoin Cash in the same way as they would operate Bitcoin. The main difference between the two is their approach to scaling. While Bitcoin adopts technologies to scale without increasing the block size, Bitcoin Cash increases the block size and disregards scaling efforts through new technology integration. Additionally, both Bitcoin and Bitcoin Cash use the Secure Hash Algorithm (SHA) as their proof-of-work consensus mechanism.
BCH/USDT price chart
How to instantly buy Bitcoin Cash with a debit card
Bitcoin Cash is designed to be easy to buy using a credit card or debit card like you would anything else. In contrast to standard Bitcoin (BTC), Bitcoin Cash enables merchants and users to trade with low fees and faster confirmations. It's the most reliable cryptocurrency to buy using a credit card. To buy Bitcoin Cash with a credit or debit card, just follow the simple steps below.
A step-by-step guide
In this guide, we'll show you how to instantly buy Bitcoin Cash with a debit or credit card. We'll be doing this on StormGain, the most user-friendly platform for buying, trading and selling Bitcoin Cash.
- Get StormGain: StormGain is the best platform to buy Bitcoin Cash and other cryptocurrencies online. Before you can buy Bitcoin Cash, you'll need a Bitcoin Cash wallet to store it in, which StormGain provides. Using StormGain, you can buy Bitcoin Cash with a credit card instantly and securely from your app or web browser.
- Register your account: With StormGain, it only takes a few seconds to get verified and buy Bitcoin Cash with your debit or credit card.
- Buy Bitcoin Cash with a credit card: Once you log into StormGain, you'll see a button at the top that says 'Buy crypto with credit card'. Click that to get started.
- Select the cryptocurrency you want to buy: StormGain allows you to buy, sell and trade 6 different cryptocurrencies, including Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Tether and Ripple. In this guide, we want Bitcoin Cash, so select it and input the number of coins you wish to purchase.
- Enter your card details and pay: Enter your credit or debit card details just like you would for any other transaction. StormGain is 100% secure, and you can save your card details for later purchases.
- Start trading: Congratulations, you've purchased Bitcoin Cash! Now, it's time to turn that into even more money. With StormGain, you can trade the most popular cryptocurrency instruments with leverage of up to 100x for more profit. The platform even provides in-app trading with advice for new users on how to win on the market.
We recommend trading Bitcoin Cash on the exchange because it has to be said that, despite the intentions of its founders, it's not so easy to buy goods and services directly with this particular cryptocurrency. However, there are brick-and-mortar establishments that do accept Bitcoin Cash. You can use this online map to find their locations and see if there is one near you.
How to Buy Bitcoin Cash with a Credit Card
Cryptocurrencies have existed for 10 years, but it's still annoying to buy them with credit cards. Why is that? Just because banks don't believe in this type of money and don't want to allow simple transactions with cryptocurrency. That's why many people still Google 'how to buy Bitcoin Cash with a credit card' (or any other cryptocurrency).
Today, there are three ways to solve this problem:
- Go to an exchange platform
- Use an online exchange
- Find a direct buyer.
The first way is the most popular among crypto users. In this scenario, you have to create and verify an account on an exchange platform, go to settings and then choose the payment method. Some exchanges don't allow you to do this in the settings. In that case, you have to go to the 'Wallets' section, find BCH and click 'Deposit'.
In the next window, you have to choose the payment method (specifically, 'Visa/MasterCard') and enter the number of coins you want to buy (or the sum of money you're willing to spend).
After that, enter the required credit card data and confirm it. After you do that, the card will be added to the exchange, and you can then buy BCH.
Table 1. Advantages and disadvantages of buying BCH via an exchange platform
You can buy BCH at a price that is lower than the market price.
The purchase is secure.
You don't need to create a separate wallet because you can store coins on the exchange.
The most convenient method is using an exchange. You will spend about a minute buying Bitcoin Cash with a credit card. You just have to visit an exchange and choose BCH to buy and dollars (or whichever other currency is available) to sell. Enter the number of coins you want to purchase and a Bitcoin Cash wallet address, and press 'Pay'. Enter your credit card information, confirm the transaction and wait for the BCH blockchain to process the transaction.
Table 2. Advantages and disadvantages of buying BCH via an exchange
Registration is not required.
The cryptocurrency reserve on an exchange is limited.
Fast and convenient way to buy BCH.
Sometimes, the exchange rate is much less advantageous than the market price.
The last method is a direct purchase. Go to Bitcointalk, Reddit or other crypto forums to find topics connected with BCH selling and choose a user to make a deal with. When you do, you only have to say that you'll pay with a credit card.
Table 3. Advantages and disadvantages of buying BCH directly
You don't have to use intermediary services.
Very risky because any user can be a fraud.
Where to buy Bitcoin Cash with a credit card
There are many different services where you can buy Bitcoin Cash with credit cards. If you choose the first method (an exchange platform), you have plenty of options to choose from, such as Coinbase, CEX, Bitpanda and more. The list of options is almost endless.
There are also many exchanges, like CoinSwitch or Coinmama, where you can instantly buy Bitcoin Cash with a credit card.
Choose what's most convenient for you, and don't worry about the service.
What is the safest platform to buy cryptocurrency Bitcoin Cash?
StormGain is the safest platform for purchasing Bitcoin Cash. It offers a user-friendly experience for buying, trading, and selling this cryptocurrency.
How to buy the Bitcoin Cash cryptocurrency with a card
Buying Bitcoin Cash with a credit card can be difficult due to banks' reluctance to support cryptocurrency transactions. However, there are three ways to solve this problem. The first way is to go to an exchange platform, create and verify an account, choose a payment method, and enter your credit card data to buy Bitcoin Cash.
The second method is to use an online exchange, where you select Bitcoin Cash to buy, enter the desired number of coins, provide a Bitcoin Cash wallet address, and complete the transaction using your credit card. The third method involves finding a direct buyer on platforms like BitcoinTalk or Reddit and negotiating a deal, specifying that you'll pay with a credit card.
What is the easiest way to buy Bitcoin Cash?
StormGain is the recommended platform for purchasing Bitcoin Cash and other cryptocurrencies online. You will require a Bitcoin Cash wallet, which StormGain offers to buy Bitcoin Cash. With StormGain, you can conveniently and securely purchase Bitcoin Cash using your app or web browser instantly and with a credit card.