Buy Bitcoin Cash (BCH) with Credit or Debit Card | Bitcoin.com

Question 1

What makes Bitcoin Cash unique?

Accepted Answer

Bitcoin Cash is a peer-to-peer electronic cash system that aims to become sound global money with fast payments, micro fees, privacy, and high transaction capacity (big blocks). In the same way that physical money, such as a dollar bill, is handed directly to the person being paid, Bitcoin Cash payments are sent directly from one person to another.

Question 2

What's the difference between Bitcoin (BTC) and Bitcoin Cash (BCH)?

Accepted Answer

As a permissionless, decentralized cryptocurrency, Bitcoin Cash requires no trusted third parties and no central bank. Unlike traditional fiat money, Bitcoin Cash does not depend on monetary middlemen such as banks and payment processors. Transactions cannot be censored by governments or other centralized corporations. Similarly, funds cannot be seized or frozen — because financial third parties have no control over the Bitcoin Cash network.

Question 3

What is the minimum amount to buy BCH?

Accepted Answer

Bitcoin Cash (BCH) originated as a 'fork' of Bitcoin on August 1, 2017, due to disagreements within the Bitcoin community about scaling the cryptocurrency. The main dispute revolved around 'block size,' affecting the volume of transactions processed per second and cost. The original Bitcoin protocol limited each block to 1MB, leading to higher fees and longer settlement times as the number of users grew, reducing its utility for small-value purchases. While one side of the community wanted to maintain the 1MB block sizes and scale Bitcoin 'off chain,' the other side advocated for increasing the block size to enable faster, more reliable transactions with low fees. Since an agreement could not be reached, the result was a 'hard fork,' where two versions of Bitcoin diverged. The version with the block size upgrade was named Bitcoin Cash (BCH), while the unchanged version retained the name Bitcoin (BTC).

Question 4

What’s the difference between Bitcoin (BTC) and Bitcoin Cash (BCH)?

Accepted Answer

The difference between Bitcoin (BTC) and Bitcoin Cash (BCH) lies in several key areas since forking in 2017. Bitcoin Cash has a larger maximum block size (32MB) compared to Bitcoin's 1MB, enabling more transactions per second and lower costs, although this makes the Bitcoin Cash blockchain 'heavier,' possibly impacting decentralization. Unlike Bitcoin, Bitcoin Cash lacks 'replace-by-fee,' making transactions more secure and enabling near-instant transactions of small amounts, though technically double spending is still possible under certain conditions. Bitcoin Cash also employs Schnorr signatures, a digital signature scheme that can improve privacy and reduce transaction space. Finally, Bitcoin Cash uses a unique difficulty adjustment algorithm called aserti3-2d to ensure stable block generation even with high price volatility and hash power elasticity. These innovations collectively aim to improve Bitcoin Cash's usability as a peer-to-peer electronic cash system that supports economic freedom.

Question 5

How to buy Bitcoin Cash

Accepted Answer

You can buy Bitcoin Cash in the Bitcoin.com Wallet app in a few taps. Pay with credit card, bank transfer, or payment app and receive Bitcoin Cash directly in your self-custody wallet. Bitcoin can also be purchased directly on this page and sent to the Bitcoin wallet of your choice.

Question 6

How to use the Bitcoin Cash blockchain?

Accepted Answer

You can buy, sell, send, receive, spend, and hold Bitcoin Cash in the Bitcoin.com Wallet app.

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What is Bitcoin Cash (BCH)?

Bitcoin Cash (BCH) is a digital currency designed for the future.

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