What are Bitcoin Cash and BCH?
Bitcoin Cash (BCH) is a cryptocurrency designed for peer-to-peer electronic cash. In practice, you can use it to send value directly to another person or merchant.
Bitcoin Cash came about in 2017 following a split from the Bitcoin blockchain. Its design is built around low-cost payments, and BCH has a fixed maximum supply of 21 million coins.
How to buy Bitcoin Cash in Singapore
In the Crypto.com App, here is the basic flow:
- Create your account and confirm your email.
- Complete identity verification.
- Fund your account.
- Tap 'Buy' and search for Bitcoin Cash.
- Enter the amount you want to spend in Singapore dollars (SGD).
- Check the details and tap 'Confirm.'
What payment methods can you use for Bitcoin Cash?
In Singapore, you can buy Bitcoin Cash with SGD or USD. Funding options include bank transfer, debit card, Apple Pay, Google Pay or a crypto transfer.
To fund in SGD, you can use a FAST bank transfer, which is free on Crypto.com. To fund in USD, you can use a Swift transfer. Funding in SGD can help you avoid foreign exchange (FX) fees when buying Bitcoin Cash in Singapore dollars.
If you fund with a crypto transfer, use the deposit details shown in the App. Trying to deposit a non-supported token may result in the loss of tokens, and crypto transactions are irreversible.
Can you buy less than one Bitcoin Cash?
Yes. You don't need to buy a whole coin, as cryptocurrencies are divisible.
In Singapore, you can buy fractional amounts of Bitcoin Cash from as little as SGD 1 for direct purchases with Apple Pay or Google Pay, SGD 20 by card, or SGD 50 by FAST bank transfer. Before confirming, do check that the amount, payment method and asset are the ones you want.
