What is Bitcoin Cash?
Bitcoin cash is a cryptocurrency that was created from a hard fork of the original Bitcoin and was created in August of 2017. The idea behind Bitcoin Cash is that it increases the size of blocks, which means more transactions can be processed, in turn meaning that this is a suggested improvement from the original Bitcoin. The goal of the project was to create a Bitcoin that could compete with the likes of Visa since the original Bitcoin is too slow and also too expensive when it comes to transaction fees. Bitcoin Cash has far more scalability than original Bitcoin and the bottom line is; virtually instant transactions and extremely low fees = usability.
How Can You Buy Bitcoin Cash?
Coinbase:
Get yourself an account at Coinbase and you will be able to buy Bitcoin Cash. If you have an account at Coinbase you will also have an account at GDAX since they are both owned by the same company. GDAX is slightly more complicated to understand than Coinbase but does have lower transaction fees. Coinbase and GDAX currently offer Bitcoin, Ethereum, Litecoin and Bitcoin Cash. Funding options vary from country to country and range from Credit Card, Debit Card, and Bank Transfer. If you buy or sell $100 worth of Bitcoin you will get a free $10 worth added to your account.
BitPanda:
BitPanda offers Dash and has plenty of familiar funding options. They currently allow you to fund your account with Credit Card, Debit Card, Bank Transfer, Neteller and Skrill. You will also have access to Bitcoin, Ethereum, Litecoin, Bitcoin Cash and Dash at one place. BitPanda is based in Austria and well trusted but they are not as big as Coinbase.
Cryptocurrency Trading
Since this is a trading education website I must assume that you are also interested in trading. Cryptocurrencies can be traded for cryptocurrencies or back into fiat currency via cryptocurrency exchanges. This is a style of trading with no leverage which makes it very easy to understand. You can trade with or without charts and therefore decide your own level of complexity. Most amateur traders diving into cryptocurrency are just looking to buy and hold certain cryptocurrencies because they believe in them. With or without charts, less or more involved, the options are both there.
Forex Traders: Bitcoin Cash Can be Traded on MT4
If you would like to trade Bitcoin Cash just as you would any fiat currency or commodity then there are several options. You can even trade on MT4 if that is the software you are used to using and a dedicated page for this has been created for this specific type of trading. Just click the button directly below and choose your Broker.
Binary Options Style Traders: Percentage Win/Loss 1-Click Trading
If you like the idea of 1-click buy or sell trading similar to Binary Options but much better, then there is a great option to do so with Bitcoin Cash. You can now just set the amount of money you wish to risk, at what percventage profit or loss you want out, and then click Buy. No need to own Bitcoin Cash, no need to risk any more than you want on each trade, no hassle and can be done from a mobile device, laptop or desktop.
