What is Bitcoin Cash (BCH)?
Bitcoin Cash (BCH) is a decentralized, peer-to-peer electronic cash system. In simple terms, it’s digital money designed so people can send and receive value directly.
Its payment focus is the key distinction to understand before buying. BCH is designed for everyday digital payments, including person-to-person transfers.
How to buy Bitcoin Cash in the US
In the Crypto.com App, the basic flow is:
- Sign up and verify your identity.
- Top up your account.
- Go to the trading screen, select Bitcoin Cash and complete the purchase.
You can start with as little as US$1, which means you can buy a fraction of Bitcoin Cash rather than a full coin.
What payment methods can you use for Bitcoin Cash?
For a Bitcoin Cash purchase in the App, you can fund your account with a bank transfer, debit card, credit card, Apple Pay, Google Pay, PayPal 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 because it involves actively buying and selling over short timeframes to respond to market swings.
Holding BCH may require less ongoing attention than day trading, but it still carries market risk. The value of Bitcoin Cash can change, and a longer time horizon doesn’t remove price volatility.