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How to buy Bitcoin CashBCH Bitcoin CashBCH trading tutorial

Date:2024-04-27 18:22:59 Channel:Trade Read:
As a high-profile member of the cryptocurrency market, Bitcoin Cash/BCH has always been in the spotlight. Want to know how to buy BCH cash? Or want to learn more about BCH trading tutorials? This article will reveal to you various methods and techniques for purchasing Bitcoin Cash and take you on the journey of BCH trading.
First of all, for novices who want to buy Bitcoin Cash, the easiest way is to purchase it through well-known cryptocurrency trading platforms such as Coinbase, Binance, etc. These platforms provide easy-to-understand interfaces and processes that allow users to quickly register an account and purchase Bitcoin Cash using fiat currency. In addition, these platforms usually also provide real-time price charts of BCH, allowing users to understand market dynamics at any time and make informed trading decisions.
In addition to traditional trading platforms, another way to purchase BCH is through P2P trading. P2P trading is a decentralized trading method that allows users to buy and sell directly with others, avoiding the interference of middlemen. In P2P transactions, users can freely choose transaction objects, prices and payment methods, which greatly improves the flexibility and privacy of transactions. However, it is important to be vigilant when conducting P2P transactions to ensure transaction security and reliability.
Alternatively, for some more experienced investors, they may choose to use a Bitcoin ATM to purchase Bitcoin Cash. Bitcoin ATM is a convenient way to purchase. Users only need to operate at a nearby ATM machine to complete the purchase. It is very suitable for users who want to buy Bitcoin Cash quickly. However, it should be noted that Bitcoin ATMs usually charge higher fees, so be aware of the relevant fees when purchasing.
As the cryptocurrency market continues to evolve, so do the ways to buy Bitcoin Cash. In recent years, a method called OTC trading has gradually become popular. OTC trading is an over-the-counter trading method in which bulk transactions are conducted through brokers or trading platforms, avoiding the impact on market prices. For some institutional investors or large traders, OTC trading is a more efficient and low-risk trading method.
In addition to buying Bitcoin Cash, understanding BCH trading tutorials is also an integral part of investors. When conducting BCH transactions, investors need to understand the exchange's handling fees, transaction limits, trading pairs and other information. In addition, you also need to master technical analysis and market trends to make accurate trading decisions. For investors who want to hold BCH for a long time, they also need to know how to store BCH safely. They can choose cold wallets or hardware wallets to store them to ensure the safety of their assets.
In general, buying Bitcoin Cash/BCH is not difficult. The key is to choose the appropriate purchase method and trading platform, while paying attention to market risks and personal asset security. I hope the content of this article can help you better understand Bitcoin Cash and BCH trading, so as to gain more profits in the cryptocurrency market.
In this era of information explosion, it is crucial to master the tips and tricks of cryptocurrency investing. As the market continues to fluctuate and develop, the way to buy Bitcoin Cash/BCH is also constantly evolving. As an investor, you must maintain a keen sense of the market and constantly learn and improve your investment capabilities in order to remain invincible in the fierce market competition. May you overcome obstacles and gain generous returns on your Bitcoin Cash investment journey!

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.

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 it 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. 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 scale. 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 executed 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. The funds invested must be controlled 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 editor of the currency circle recommends investors not to enter the currency circle.

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