How to Buy Bitcoin Cash

(BCH)

What is Bitcoin Cash (BCH)?

Bitcoin Cash came about during the great "block-size" debate of 2017. Bitcoin had some serious scalability issues and a segment of the community believed that the solution was to increase the individual block size of the Bitcoin blockchain. This segment forked off from the main Bitcoin blockchain on August 1, 2017, to create Bitcoin Cash with an 8 Mb block size as opposed to BTC's 1 Mb.

Quite like Bitcoin, Bitcoin Cash uses a proof-of-work (PoW) consensus mechanism, has a 10 min block time, and a max supply of 21 million. During the 2017 hard fork, every wallet holding BTC received an equal amount of BCH. Recently, the Bitcoin Cash protocol was split into Bitcoin SV (Bitcoin Satoshi Vision) and Bitcoin Cash with a 32 Mb block size.

What can you do with Bitcoin Cash?

Send Bitcoin Cash

Bitcoin Cash was strategically named to convey its main use case – conduct online transactions. The main use case of BCH is to allow users to conduct a simple transfer of value. Two parties can directly transact without having to go through an intermediary, provided they have compatible wallets

Hold Bitcoin Cash

Many people buy Bitcoin Cash for the profit expectations and benefit from the long-term gains. If you do have a "buy-and-hold" strategy, then we recommend transferring your coins to a cold hardware wallet like Ledger Nano. Having said that, CoinSmart has taken several security measures to ensure user fund protection. These include – mandatory 2FA, withdrawal confirmation emails, cold storage & BitGo user funds insurance.

Buy/Sell/Trade Bitcoin Cash

Buy and Sell Bitcoin Cash with ease using CoinSmart's highly liquid platform. Otherwise, use SmartTrade to instantly buy other cryptos with BCH

Buy With Bitcoin Cash

Bitcoin Cash is accepted by merchants and vendors around the world. BCH is also one of the cryptos accepted by PayPal as a payment method.

Donate Bitcoin Cash

People from around the world can easily donate to a cause they believe in by paying via BCH. The transparency of the blockchain allows you to trace your funds closely and hold the organization accountable in case of misuse.

Earn Bitcoin Cash

Participate in Bitcoin Cash proof-of-work (PoW) mining pools and earn BCH block rewards.

GetSmart About Bitcoin Cash

Use CoinSmart's GetSmart Hub to check out more in-depth articles and guides on Bitcoin Cash and other cryptocurrencies.

Steps to Buying Bitcoin Cash

Purchase Bitcoin Cash with Credit Card

With CoinSmart you can instantly fund your account with your credit card (up to 6% fees) and make your trades.

Purchase Bitcoin Cash with Bank Transfer

Use bank wire transfer, bank draft, and Interac e transfer to instantly fund your account on the very same day and buy BCH.

Purchase Bitcoin Cash with Other Cryptos

Use SmartTrade to convert one of your other cryptos to BCH in one step. SmartTrade allows you to instantly buy and sell Bitcoin Cash and other cryptocurrencies.

Why Buy BCH
on Coinsmart?

Trade safely with our powerful security

CoinSmart utilizes world-class cybersecurity practices to ensure that your funds are always safe. Our funds are insured by BitGo, to guarantee protection in the unlikely event of a hack. User accounts and withdrawals are further kept secure via Google 2FA and Email Withdrawal Confirmations.

Jargon-free,
Complication-Free

CoinSmart is the perfect starting point if you are new to crypto, thanks to its 24X7 client service and jargon-free approach. Everything in our interface is straightforward. Extra care has been taken to ensure simplicity in each and every step.

Bitcoin Cash Trading Now In Your Pocket

CoinSmart gives you on-the-go access to BCH and other popular cryptocurrencies. The intuitive mobile app simplifies the digital asset buying, selling, and trading process. The app is available on both Android and IOS.

Made with <3 in Canada

CoinSmart is proudly Canadian. We want to create the ideal crypto platform for our users in Canada, Europe, and beyond. To provide a safe environment for our users, CoinSmart has worked closely with the Ontario Securities Commission (OSC) to obtain the license as a restricted dealer. In simple terms, we are legally obliged to operate transparently and ethically.

About Coinsmart

Regulation First

CoinSmart is working closely with regulators, being a publicly-traded company. Currently, we are obtaining licenses for jurisdictions around the world to work hand-in-hand with regulators. Regulated, centralized exchanges with a fiat on-ramp are necessary for the future growth of the ecosystem.

Commitment to Transparency

CoinSmart is required by law to adhere to strict principles of fund transparency. CoinSmart’s financial reports are regularly published on both our website and SEDAR. Users can easily keep track of any and all operational expenses.

A Powerhouse Team

CoinSmart is led by a fantastic group of individuals and a board of directors. The three co-founders have previous experience in successfully founding and running startups. The board includes a “Top 40 Under 40” recipient, a founding member of the “Women General Counsel Canada” (WGCC), and the SVP of a multi-billion dollar company.

CoinSmart
Reviews &
Testimonials

“The Coinsmart staff has been very helpful and assisted me when I had any issues. They answered all my questions and resolved any problems that I encountered! This has been a great support as a newbie in this space.”

– Al Torjdamn

“Very impressed that I got live customer support at 2 AM! They were very helpful and even told me about some new features coming to CoinSmart. I will recommend CoinSmart to all my friends. Keep up the great work!”

– Hayley

“I use CoinSmart as my primary exchange. It’s got a nice layout, it’s easy to navigate, the verification process was quick and easy and I was able to fund my count without issues afterward. I had a couple of questions and they were very informative in answering them. The customer support even reminded me of their referral options which have ended making me a little extra cash to play with.”

– Brandyn Funk