How to Buy Bitcoin Cash (BCH) in Australia

1. Choose a crypto exchange

First things first, you need an exchange that both has Bitcoin Cash, and is trustworthy!

You can find our top 3 exchanges for buying Bitcoin Cash here, alternatively you can also check our comparison of the best Australian cryptocurrency exchanges if you’re generally interested in seeing which exchanges work for Australians.

2. Sign up with the crypto exchange

Once you’ve chosen your crypto exchange, it’s just a matter of signing up and getting your account verified. Most exchanges have streamlined this process very well so it shouldn’t take long.

3. Fund your account

The next step is to transfer AUD or another cryptocurrency into your account. Most top crypto exchanges offer various payment methods. From bank transfer to PayID, POLi pay and credit cards, it’s very straightforward.

4. Buy Bitcoin Cash

And of course, the final step is to find Bitcoin Cash on the exchange and buy it. A lot of exchanges offer different ways of buying cryptocurrencies, like market orders and limit orders.

Where to Buy Bitcoin Cash (BCH)

ExchangeRatingAvailable CryptocurrenciesFeesVisit Site
Swyftx Logo5/5350+0.6%VISIT SITE
Binance Logo4.5/5300+0.1%VISIT SITE
Digital Surge Logo4/5200+VariesVISIT SITE

How to Sell Bitcoin Cash

  1. Sign into the exchange
  2. Find where you stored your Bitcoin Cash, either on a hardware wallet or on the exchange.
  3. Transfer your Bitcoin Cash to the right place on the exchange, it could just be the same wallet or a dedicated trading account.
  4. Sell Bitcoin Cash.
Businessman looking at crypto trend

Considerations when looking to buy Bitcoin Cash.

Bitcoin Cash is a combination of gold-like scarcity and the spendable nature cash. Bitcoin Cash has a finite total supply of 21,000,000 coins and can be spent just like physical cash. Transactions are quick and transaction fees are usually less than one tenth of cent. Anyone can accept Bitcoin Cash payments using a smartphone or computer.

There are many uses for Bitcoin Cash. Bitcoin Cash can also be used to make peer-to-peer transactions between individuals. It can also be used to purchase goods and services from participating merchants in-store or online. New micro-transactions are possible with very low fees. For example, you can tip content creators or reward app users for a few cents. Bitcoin Cash reduces fees and settlement times for cross-border trade and remittances. Tokens, simplified smart contract, and private payments using tools like CashShuffle or CashFusion are just a few of the other uses for Bitcoin Cash.

Bitcoin Cash is a decentralized network that allows users to influence the development of the protocol. The code contains one key feature: the maximum supply for Bitcoin Cash is limited to 21 million coins. This is likely to stay so.

The following are the main features of Bitcoin Cash:

  1. The blockchain records transactions and the ledger is regularly updated. This allows users to quickly track ownership history and detect fraud threats.
  2. Bitcoin Cash is an open-source network that anyone can use for free and without restriction. Transactions are anonymous.
  3. The longevity of stored data is ensured by nodes that adhere to a set protocol (also known as protocols). Although the protocol can be improved with the help ecosystem participants, it requires high levels of consensus between them.
  4. All transactions recorded on the blockchain have remained untouched.
  5. Network security is enhanced by the Proof-of-Work (PoW).
  6. Bitcoin Cash is a hard currency with a maximum supply of 21,000,000 $BCH.
  7. Bitcoin Cash is a fast, inexpensive, and reliable alternative to existing payment networks.