How to Buy Bitcoin Cash
Netcoins is the easiest, most trusted way to Buy Bitcoin Cash in Canada.
“Bitcoin Cash is essentially the little brother of bitcoin.”
Bitcoin Cash (BCH) exists because a group of developers decided to deviate from the original bitcoin project and officially forked the network on August 1, 2017. They did this in order increase the block size of the BCH network. Although it was a group of developers who put Bitcoin Cash forward, it’s Roger Ver who is most connected to BCH because he was an early adopter and investor of the currency.
Bitcoin Cash allows individuals to transact in a cheaper and faster way than the original bitcoin could offer in 2017. Because BCH can hold more information (8 times more than bitcoin), it can also verify transactions much more quickly and therefore has cheaper fees. BCH has become one of the largest cryptocurrencies by market cap.
Buy Bitcoin Cash in 3 steps
Create an Account
Provide some personal details and get verified in minutes through our automated KYC process.
Fund (No Fees)
Fund your account with a cryptocurrency deposit, Interac e-Transfer, online bill payment or bank wire transfer.
Buy and sell as little as $10, or up to $10 million with no slippage due to our deep liquidity.
Rapid Transaction Times
0% Funding Fees
Free Cash Withdrawals
Fund and withdraw quickly. Buy and sell instantly. Get your money or crypto in and out easily.
Get verified at lightning speed with our automated KYC process. Get help from our support agents if needed.
Top Rated Support
Our support team is available over email, phone, and live chat to answer all your questions clearly and quickly.
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How much Bitcoin Cash can I buy?
You don’t need to buy 1 entire Bitcoin Cash to get started!
You can buy fractions of Bitcoin Cash. Similar to bitcoin, the smallest possible unit of BCH is also called a satoshi (sats for short) and is equivalent to 0.00000001 BCH (8 decimal places). Many beginners start their Bitcoin Cash journey by stacking sats.
You can start as small as $10, or invest up to $10 million with Netcoins.
Why buy Bitcoin Cash?
Like bitcoin, Bitcoin Cash was created as a digital currency that gives control back to the people (instead of authoritative powers that control the money supply).
Many investors view Bitcoin Cash as an altcoin (short for alternative coin) project that has way more upside than most competitors.
To this point, the return on investment with Bitcoin Cash over the last three years is actually significantly lower than bitcoin, but that’s exactly why many believe that the fundamentals of Bitcoin Cash dictate potentially exponential growth in the not-too-distant future.
Bitcoin Cash Wallets:
While there are many altcoins, Bitcoin Cash carries with it the cache of bitcoin’s brand name and much of its original implementation along with the upside of an altcoin.
Bitcoin Cash can be bought in fractions, the smallest unit being called a satoshi. That is one hundred millionth of a bitcoin cash (0.00000001). This allows for micro-transactions and allow investors to start small.
Bigger block size
Bitcoin Cash block sizes are 8MB (compared to bitcoin’s 1MB). Put simply, the BCH network can fit more transactions in each block which makes confirming transactions more efficient.
The bitcoin network can process approximately seven transactions per second, while the Bitcoin Cash network can process 116 transactions per second. That’s a huge gap! And why investors invest in BCH.
Frequently Asked Questions
Why buy bitcoin Cash?
Bitcoin Cash is a great way for investors to diversify their portfolio by having non-traditional assets mixed in with traditional assets.
People invest in Bitcoin Cash for three main reasons:
- It’s one of the most successful forks from bitcoin
- They believe it has more upside than bitcoin
- It’s one of the largest cryptocurrencies by market cap
While Bitcoin Cash aims to be an electronic cash payments system, it differs from bitcoin because it processes more transactions, at faster speed and with lower fees.
Are there any risks involved if i buy bitcoin cash?
All forms of investments carry with them an inherent level of risk so you should never invest more than you’re willing or ready to lose.
Cryptocurrencies like Bitcoin Cash are known to be volatile and the price fluctuates quite a bit on a day to day basis. What’s important to understand as well is to zoom out and look at the bigger picture.
If you do buy Bitcoin Cash, also remember to properly secure your account with Two Factor Authentication and follow security best practices!
How much bitcoin cash should i buy?
A common misconception is that you have to buy 1 entire Bitcoin Cash, but you can actually buy fractions of Bitcoin Cash. You can start off with as little as $10, or invest a certain % of your wealth.
Many beginners start off by dollar cost averaging in, which is the practice of putting in a set amount of money towards Bitcoin Cash in regular intervals (for example $100 every month).
Why is KYC (Verification) required?
KYC is a process that allows us to verify the identity of our customers, as per Canadian regulations.
What do I need to provide for your verification process?
You will have to provide your email address, phone number and personal information including your first name, last name, address, date of birth and a piece of identification (like a driver’s license). Most users are verified at this point through our automated process.
If you don’t pass the automated KYC process, you will have to go through an additional document verification stage. This is important and required as we are a regulated money service business in Canada.
How can I fund my account?
Your Netcoins account can be funded with a cryptocurrency deposit, Interac e-Transfer, online bill payment, or a bank wire transfer. There are no funding fees imposed by us.
Once you have funds in your Netcoins account, you’ll find that it’s super easy to buy Bitcoin Cash in Canada.
Can I send my crypto to an external wallet?
Yes, you can either keep a crypto balance within your Netcoins account or withdraw it into your own external wallet. While FIAT withdrawals are free, there is a small withdrawal fee associated with crypto withdrawals.