What is Bitcoin Cash (BCH)?
Bitcoin Cash (BCH) is a decentralised, peer-to-peer electronic cash system. Put simply, it is digital money built to let people send and receive value directly.
Its payment focus is the key thing to understand before you buy. BCH is designed for everyday digital payments, including person-to-person transfers.
How to buy Bitcoin Cash in Singapore
In the Crypto.com App, here is the basic flow:
- Sign up and verify your identity.
- Top up your account.
- Head to the trading screen, select Bitcoin Cash and complete the purchase.
The minimum amount depends on how you pay: from SGD 1 for direct purchases with Apple Pay or Google Pay, SGD 20 by card, or SGD 50 by FAST bank transfer. This means you can buy a fraction of Bitcoin Cash rather than a full coin.
What payment methods can you use for Bitcoin Cash?
To buy Bitcoin Cash in the App, you can fund your account with a FAST bank transfer in SGD, a Swift transfer in USD, a debit card, Apple Pay, Google Pay or crypto deposited from another wallet.
If you deposit crypto from another wallet, use the correct deposit details for the asset and network. Sending an unsupported token or using the wrong address can result in loss of tokens, and crypto transactions are irreversible.
What does buying BCH involve?
Buying BCH means acquiring Bitcoin Cash and managing it in the App. Some people buy and hold over a longer period; day trading is different, as it involves actively buying and selling over short timeframes to respond to market swings.
Holding BCH may need less ongoing attention than day trading, but it still carries market risk. The value of Bitcoin Cash can change, and a longer time horizon does not remove price volatility.