Bitcoin Cash is a derivation from original Bitcoin, appeared in 2017. The developers changed the initial code, and the coin split into two currencies. For now, this digital cash has a large impact on the market. Its price is changing a lot, however, it is relatively high. Recently it stabilized on $1,310.73 for one token. The current capitalization is over 22 billion USD.
Thus, it is one of the largest and most valuable cryptos among the altcoins. The notable difference is that Bcash system rewards miners with an increased block size, which enables more transactions per block and thereby, it prolongs the transfer speed decreasing perspective. The supply is limited, and the amount to be mined is 21 million BCH. There are no easy ways to buy this cash in Ireland. Instead, we would like to present the alternative ways.
Buy Bitcoin Cash with Credit Card
Firstly, to operate the currency, you need to get the wallet. Choose between the hardware, software and online storages. Users consider the hardware devices to be the most sustainable. The private keys stand offline most of the times (except moments when you actually use the purse, linking it to the Internet).
The only place to obtain Bcash with credit cards directly is the official Bitcoin website. There is a form to fill in the amount of BCH you need. Enter it there. You also need to provide the payment option details. Then press “buy”. It will take around an hour (approximately) for the transfer to come up to your balance.
Acquire BCH with Bank Account
Purchasing BCH in Ireland is available on numerous crypto exchanges on the Internet. The websites offer the wide range of cryptocurrencies which you can swap for fiat money as well as for altcoins if you have some. However, to get BCH you need to purchase the original Bitcoin at first.
Thus, you should create an account on the website. Then, choose your bank account as a payment method. Then choose BTC as your purchase. After you got the currency, change it for BCC.
By the way, you will save more cash due to the small fees and higher buying limits. It is possible to obtain huge amounts up to $500,000 of the coin worth at once. Also, you can go to the peer-to-peer platform and buy the digital cash there.
Cash Purchasing of BCC
Obtaining crypto with paper money may be available via ATM. However, unfortunately, not all of them support BCH. The only one in Dublin is for original Bitcoin only. The nearest machines are situated in the United Kingdom. Still, you can purchase BTC in Dublin and then swap it for BCC on the exchange.
Getting with E-wallets
There is also a possibility to use electronic wallets for purchasing BCC. The most popular brands are PayPal, Neteller, Skrill, and iDeal. If you have some of them, then you can go to the exchange, P2P platform or broker. You need to do the same things as we mentioned previously – buy BTC and swap it for Bitcoin Cash. Actually, you can previously obtain other altcoins – Ethereum or Litecoin, for example. Be aware of small buying limits and relatively high fees.
Trade Bitcoin Cash with BTC
To speculate on BCC you need to make the following steps:
- Create an account on the exchange or another related platform. It may include a verification process. Usually, you will need to present some info like the phone number and passport;
- Fund the balance with cryptocurrency, for example, Bitcoin;
- Find trading pair “BTC/BCH”;
- Make an order. There are many types. However, the best one is a limit order. It means you set up the max price you are ready to pay for Bcash. Such an order will start working after the coin rate matches your proposition;
- In a while, you’ll see your cash on the balance!
- Remember about fees. The websites charge the high commission for deposits with fiat money. They are 3-5% on an average. The trade charge is small (0.38% max) for both buyers and sellers. It becomes even lower if you operate with large amounts. The withdrawals would cost around 13 cents per transaction.
You may withdraw the coins or stay on the website. Remember that the crypto course is highly flexible. You can gain significant profits if you continue trading.