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How to buy Bitcoin CashBCH Bitcoin CashBCH Trading Tutorial

Date:2024-04-11 18:42:37 Channel:Exchange Read:
In today's digital currency craze, Bitcoin Cash (BCH) is one of the most watched cryptocurrencies, and its trading tutorials are highly sought after. If you want to buy BCH easily, it is crucial to master Bitcoin Cash trading skills. The following will introduce you in detail how to buy Bitcoin Cash and share some trading tips so that you can navigate the world of digital currency with ease.
First, to buy Bitcoin Cash, you need to choose a reliable digital currency trading platform. In the current market, there are many well-known exchanges such as Coinbase, Binance, etc., which provide convenient purchase channels, allowing you to buy Bitcoin Cash easily and quickly. When choosing a trading platform, be sure to pay attention to its security and reputation to avoid losses due to a bad platform.

The four most famous international exchanges:

Binance INTL
OKX INTL
Gate.io INTL
Huobi INTL
Binance International Line OKX International Line Gate.io International Line Huobi International Line
China Line APP DL China Line APP DL
China Line APP DL
China Line APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

Secondly, after registering and verifying your trading account, you can choose to recharge using credit card, debit card or bank transfer. These recharge methods are usually very convenient, and you can choose the payment method that suits you best based on your personal habits. After the recharge is completed, you can search for Bitcoin Cash on the trading platform and perform purchase operations. Remember to pay attention to the current market price when trading and choose the appropriate time to place an order to obtain a better trading experience.
In addition to purchasing Bitcoin Cash on exchanges, you may also consider using Bitcoin ATMs (BATMs) to make cash purchases. BATM is a convenient way to purchase, just head to a nearby Bitcoin ATM and buy Bitcoin Cash with cash. This purchase method is not only simple and fast, but also keeps your transactions anonymous, making it suitable for users who value privacy more.
In addition, for users who want to learn more about Bitcoin Cash trading, they can try trading on a decentralized exchange (DEX). DEX does not rely on third-party institutions, and users can conduct transactions directly on the blockchain, which is more secure and transparent. Although the trading experience of DEX may be relatively complicated, it is a good choice for users who pursue high security and privacy protection.
In addition to buying Bitcoin Cash, it is also important to know some trading tips. First of all, you must always pay attention to market dynamics and grasp price trends. You can judge market trends through technical analysis and fundamental analysis and formulate reasonable trading strategies. Secondly, we must pay attention to risk management, do not blindly follow the trend, set stop loss points and stop profit points, and reasonably control risks. Finally, stay calm, don’t be swayed by market sentiment, firm your beliefs, and trade rationally.

Bitcoin Cash is one of the mainstream currencies in the currency circle. As the prince of Bitcoin, Bitcoin Cash’s performance on December 27 can only be said to be barely passable. After all, there was a positive increase in Grayscale’s holdings before, with a unilateral increase of 25 US dollar, but still did not meet expectations. Two days ago, some people in the currency circle were ridiculing Bitcoin Cash as an unsupportable adou, a abolished East Palace. However, even so, investors still hope that Bitcoin Cash will be able to perform in the next market. Give me some strength, after all, the previous high was $4,125. After learning about Bitcoin Cash, let’s get back to the topic. Below, the editor of the currency circle has compiled a Bitcoin Cash/BCH trading tutorial for investors’ reference.

## How to buy Bitcoin Cash/BCH?

In fact, there are still many exchanges for buying Bitcoin Cash today, such as exchanges, exchanges, etc., and the process of buying Bitcoin Cash is actually the same as buying Bitcoin. The editor of the currency circle below will take it as an example:

1\. Open the official website of OKX Exchange, click the [ ] button on the upper right side of the page to enter the registration page, and enter your email address on the homepage.

2\. Slide the slider to the right, complete the puzzle for verification, and then enter the verification code received by email. The verification code is valid for 10 minutes.

3. Then enter your mobile phone number and click "Verify Now"

4. Enter the six-digit verification code received on your mobile phone, which is also valid for 10 minutes.

5. Select your country/region of residence and check the Terms of Service, "Risk and Compliance Disclosure" and Privacy Policy and Statement

6. Create a password that must be 8-32 characters in length, 1 lowercase letter, 1 uppercase letter, 1 number, and 1 symbol, such as:! @ # $ % and other conditions

7. After completing the account registration, verify your identity (KYC verification) before you can conduct transactions. Click [Personal Center] - [Identity Authentication] in the upper right corner of the page to enter the identity authentication page, and follow the page prompts to complete LV.1 basic authentication, LV .2 Advanced Certification and LV.3 Video Certification.

Precautions:

(1) The higher the certification level, the easier it is to match better merchants and more favorable prices when conducting legal currency transactions.

(2) The official website cannot perform LV.3 video certification. Please download the Ouyi APP to complete the certification.

8. After completing the identity authentication, you can conduct transactions, then click "Transaction" and "Basic Transaction" on the homepage to enter the transaction page.

9. Search for the abbreviation of Bitcoin Cash, BCH, and select the BCH/USDT trading pair to display the real-time BCH market price.

10. Fill in the quantity of Bitcoin Cash to buy and click Buy. If you want to sell Bitcoin Cash, fill in the quantity to sell and click Sell. Note: The minimum transaction volume for Bitcoin Cash is 0.001BCH

## Does Bitcoin Cash have great potential?

Bitcoin Cash is completely different from Bitcoin. Miners and developers have jointly implemented a new plan to split BCH from the Bitcoin community. They are also concerned about the future of the cryptocurrency and its ability to effectively expand. However, these people have reservations about adopting SegWit technology. They believe that SegWit2x does not fundamentally solve the problem of scalability and does not follow the roadmap originally outlined by Satoshi Nakamoto. In addition, the introduction of SegWit2x is not transparent, and some people worry that the introduction of SegWit2x will undermine the decentralization and democratization of Bitcoin.

In August 2017, a group of miners and developers implemented Plan ABC, effectively creating a new currency: Bitcoin Cash (BCH). BCH has its own blockchain and history, which includes one very important difference from Bitcoin. BCH implemented an increased 8MB block cap to speed up the verification process, and the difficulty is adjustable to ensure BCH’s transaction verification speed regardless of the number of miners supporting it.

As a result, BCH is able to process transactions faster than the BTC network, which means wait times are shorter and transaction processing fees tend to be lower. However, due to Bitcoin’s first-mover advantage and scale effect, Bitcoin is still the most popular cryptocurrency in the world and the largest cryptocurrency by market capitalization, so users of BCH may find that its liquidity and actual availability are lower than Bitcoin.

Debates over scalability, transaction processing, and blocks continued until leading to another Bitcoin Cash split. For example, in November 2018, the Bitcoin Cash network went through its own rough patch, leading to the creation of yet another Bitcoin derivative, BSV. The creation of BSV was more based on the belief in the mythical Dr. CSW, although he could not provide real evidence that he was Satoshi Nakamoto.

Finally, the editor of the currency circle would like to remind investors that the digital currency market is a high-risk and high-yield market. Please control the funds you invest within the range that you can bear the loss, and then keep a normal mind when investing in digital currencies. If your mentality cannot Control, the currency circle editor recommends investors not to enter the currency circle.

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