Buy Bitcoin Cash (BCH)

Bitcoin Cash (BCH) is a cryptocurrency that emerged as a result of a hard fork from the original Bitcoin network in August 2017. It was created to address some of the scalability issues and high transaction fees associated with Bitcoin. Bitcoin Cash aims to provide a peer-to-peer electronic cash system that allows for fast, low-cost transactions. Bitcoin Cash operates on a decentralized blockchain, similar to Bitcoin. However, it has made some significant changes to the original Bitcoin protocol. The most notable difference is the increase in block size from 1MB to 8MB (and later to 32MB) in order to accommodate more transactions in each block. This larger block size allows for more transactions to be processed at a time, resulting in faster confirmation times and lower fees.

Bitcoin Cash works by utilizing a consensus mechanism called proof-of-work (PoW), where miners compete to solve complex mathematical puzzles to validate transactions and add them to the blockchain. Miners are rewarded with newly minted BCH coins and transaction fees for their efforts. The increased block size and faster block generation times enable Bitcoin Cash to handle a greater number of transactions per second compared to Bitcoin. Bitcoin Cash also emphasizes its focus on maintaining the original vision of Bitcoin as a decentralized and censorship-resistant digital currency. It aims to be a viable alternative to traditional fiat currencies for everyday transactions. Users can store, send, and receive BCH using digital wallets and participate in the network by mining or purchasing coins on cryptocurrency exchanges. Bitcoin Cash has gained a significant following and acceptance among merchants, making it relatively easy to use for various goods and services.

Follow the steps below to easily and securely buy Bitcoin Cash.

1. Sign up

   Create an account with a reputable crypto platform like Finst.

2. Deposit EUR

   Deposit Euros using payment methods like iDEAL, Bancontact, or SEPA.

3. Start investing

   Buy Bitcoin Cash and securely store it on our platform.

You can securely store your Bitcoin Cash in your Finst wallet. Some cryptocurrencies also support external wallets, allowing you to send your crypto to your own wallet if desired. We use state-of-the-art security measures to keep you and your crypto safe.

We work with Fireblocks, one of the most trusted crypto security infrastructure providers, to safely store your Bitcoin Cash. They make use of Multi-Party Computation (MPC) technology which is an advanced cryptographic technology used to protect your digital assets.

Additionally, Finst is the first and only Dutch crypto platform that has successfully conducted an extensive Proof of Reserves (PoR) audit. With Finst, your assets are segregated and held on a 1:1 basis, plus reserves.

Yes, at Finst, you can easily buy Bitcoin Cash with iDEAL. We also support popular payment methods like SEPA and Bancontact.

At Finst, you can start investing in Bitcoin Cash with as little as €1. For many coins, it is not necessary to buy a whole coin.

Yes, it is safe to buy Bitcoin Cash through Finst. We are registered as a Crypto Service Provider (no. R189158) with the Dutch Central Bank (DNB), and we are the first and only Dutch crypto platform that successfully obtained a Proof of Reserves (PoR) from an independent and reputable audit firm (Audit Now). At Finst, your assets are segregated and held on a 1:1 basis, plus reserves.

Yes, buying Bitcoin Cash is legal in Europe. However, we advise you to do your own research before making a purchase.

Investing in cryptocurrencies like Bitcoin Cash involves risks of losses. You can lose (part of) your deposit. Before you decide to buy Bitcoin Cash, it is important to understand the risks.

Volatility: The price of Bitcoin Cash can fluctuate significantly. This means that its value can rise and fall quickly.

No guaranteed profit: Previous price increases do not guarantee future returns. Therefore, only invest money that you can afford to lose.

External factors: The price of Bitcoin Cash is influenced by external factors, such as economic conditions and the actions of influential individuals, governments, and institutions. These factors can have a positive or negative impact on the price.

When you buy Bitcoin Cash through Finst, you benefit from the most competitive trading fees of 0,15% per transaction.

Any fees you may encounter when trading crypto are clearly shown for every transaction on our platform.

It's important to note that network fees are outside of our control, as they are determined by the blockchain networks themselves.

This means that while network fees may vary depending on the blockchain and current demand, our trading fee remains consistent, helping you better manage your transaction costs.

No, due to laws and regulations, it is not possible to buy Bitcoin Cash or other cryptocurrencies anonymously on a regulated crypto platform in Europe.