Want to jump straight to the answer? According to our experts, Bitcoin Cash (BCH) is a good investment with an investment grade rating of 3.6/5 based on the user behavior, developer activity and market maturity factors that trying to assess the overall health, applicability and probability of growth of the project.
You can Buy Bitcoin Cash with Credit Card or Debit Card in 3 easy steps:
In the following sections, we will explain the process to buy Bitcoin Cash (BCH) with credit card or debit card in greater detail.
Please note that Cryptocurrency investments are high-risk investments. Any investment decision is under the responsibility of the individual.
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|24 hour % change||-8.06|
|7 days % change||-6.53|
|30 days % change||-27.87|
|60 days % change||-45.36|
|90 days % change||-1.41|
Launched in 2016, Bitcoin Cash is a digital currency, which as revealed by its name, is an offspring of Bitcoin itself. In fact, the emergence of Bitcoin Cash came from members of the Bitcoin developers’ community, since at the time there were disagreements in its ranks as to the changes that had to be made to Bitcoin’s code. This disagreement meant that Bitcoin was then forked, i.e. split into two cryptocurrencies, with Bitcoin as the parent currency retaining its original features, and Bitcoin Cash as its offspring undergoing several technological improvements. The aim of the creation of Bitcoin Cash was to resolve some of the disadvantages and problems faced by Bitcoin, mostly with regards to scalability and the height of transaction fees.
|Similar computational structure to Bitcoin and therefore easily co-adopted||Perceived negativity surrounding its leadership, marketing, and community|
|Addresses the scalability issue of Bitcoin specifically||Direct competitor of Bitcoin which has a large market advantage|
|Smaller fees than the majority of its direct competitors||Variably poor throughput of transactions compared to Bitcoin despite larger block size|
The increase in block size from Bitcoin’s 1MB to 8MB for Bitcoin Cash means that Bitcoin Cash transactions are much faster from Bitcoin transactions.
Bitcoin Cash also comes with considerably lower fees of $0.067, especially when compared to the average Bitcoin transaction fees, which are currently around $1.8.
The mining of Bitcoin Cash is not popular among miners because though as much expensive at the mining of actual Bitcoins, it results in much lower returns.
Another con is the fact that Bitcoin Cash is not as yet as readily and easily available on cryptocurrency exchanges, especially when compared to other top 10 cryptos and definitely not when compared to Bitcoin which is available on all exchanges.
The rise of Bitcoin Cash to the top 10 of cryptocurrencies has been remarkably fast, since it made it to the top in just a few months. From about $500 in July 2017 it quickly climbed to about $4,000 in December 2017, recording a return of around 10,000% in less than 6 months. This upsurge was followed by a steady downfall, while more recent signs show a recovery. In any case, the performance of BCH experiences the same fluctuations as those of other cryptos and since it is still a relatively young coin, its future is still uncertain.
* The prediction figures outline some of the Potential high and low of Bitcoin Cash (BCH) price prediction forecasts for the years 2021, 2022, and 2025 based on the data collected from various sources meant strictly for educational purposes only and not taken as investment advice.
By the end of the year 2021, using forecast and algorithmic analysis, our price prediction forecasts suggest that one Bitcoin Cash will reach an average price of $623, which will be an impressive 117% growth from it's current market price.
By the end of the year 2022, our price prediction forecasts suggest that one Bitcoin Cash will reach an average price of $441.5, which will be an impressive 83% growth from it's current market price.
By the end of the year 2025, our price prediction forecast suggests that one Bitcoin Cash will reach an average price of $339.5, which will be an impressive 64% growth from it's current market price.
There are several online sites and platforms where people from across the globe can buy Bitcoin Cash at good exchange rates and with low or no transaction fees. To aid your quest we have comprised a list of some of the most popular methods and platforms to buy Bitcoin Cash from and your strongly advised to consult this list before making your first purchase of or investment in Bitcoin Cash.
It only takes a few easy steps to buy Bitcoin Cash with credit card instantly. Speed matters - get instant confirmation, minimal registration & KYC verification!
Bitcoin Cash, as result of a controversial crypto fork, split from its parent crypto in order to try and change direction and achieve wider adoption by the masses, something which is considered crucial if cryptos are eventually destined to succeed. Many thought that the development route followed by BTC was not leading to faster and cheaper transactions and this where BCH emerged to offer a much better alternative in achieving these two aims.
BCH had many doubters who thought it would quickly wither away, but its positioning among the top ten cryptocurrencies has quickly proved them wrong. Testament to its success are its daily trading volumes which are in the hundreds of millions and this also proves that it is both popular and relevant and thus an interesting alternative investment vehicle with further room for growth.
The speed at which BCH was adopted by the cryptos market tends to prove that its creators were right to follow their own vision as regards the evolution of BTC and ways to address the scalability issues it was facing. Being based on completely new technology is an inherent risk that comes with investing in Bitcoin Cash. The ultimate test for BCH as for other cryptos as well, is standing the test of time and consolidating their position, to enable them to spearhead the cryptos race to mass adoption. Such mass adoption will only come for those cryptos who tech can enable daily usage and bring it about in a fast and easy manner. BCH proponents believe that Bitcoin Cash has indeed found the best way to make this happen and time will only tell if they are right.
There is no guarantee that you will make a profit when you invest in Bitcoin Cash. However, to give yourself the best chance possible we have hand-picked the three most valuable such strategies, which you can find below:
In this guide, the aim wasn’t only to answer simple questions like “how to buy Bitcoin Cash?” or “where to buy Bitcoin Cash?”. Instead, the goal was to equip you with the relevant knowledge and insight to be able to see and understand the bigger picture as well as make your Bitcoin Cash investment journey as successful and as profitable as possible!
However, Binance isn’t exactly a beginner friendly way to buy Bitcoin Cash (BCH). Let's just get straight to the point:
|Provider||Payment Method||Fees (Approx.)|
|Kraken||UK Bank Transfer||< 1%|
|Wirex||Debit Card Fees||2.5%|
|Crypto.com||Debit Card Fees||2.99%|
|Coinbase||Debit Card Fees||4%|
|Cryptopay||Debit Card Fees||4%|
More information on legal and regulatory status of crypto assets in the UK can be found on our latest publication on How to buy Bitcoin in the United Kingdom
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