Quite a number of people have chosen to be involved in the cryptocurrency space since last year. However, there are things you need to do first before you can start investing. First things first, you need to ensure you have a digital wallet for holding your digital currency. After getting a digital wallet, you need to select a cryptocurrency exchange.
Cryptocurrency exchanges have different coins that they list with a fee difference. In time, new cryptocurrencies are added based on their performance. For example, many have opted to invest in Bitcoin Cash (BCH). Luckily, BCH is now a popular currency, so many exchanges list it. Though sometimes it becomes quite a task to choose which of the exchanges to ride with. In this article, we are going to take a deep look at two of the best exchanges when it comes to purchasing BCH.
About BCH
Before diving into deep explanations of some of the best exchanges for buying BCH, let’s learn a little bit about the coin. Bitcoin Cash is a hard-fork of the globally famous Bitcoin (BTC), from whence it all started. The split took place last year when a group of developers decided to increase the Bitcoin block size limit. At the moment, Bitcoin Cash has a market cap of $10B USD, making it the fourth largest cryptocurrency in the world.
CEX.IO
Established back in 2013 in London, CEX.IO has been working as a cryptocurrency exchange for over five years. It easily lets people from different countries trade fiat currency for different types of cryptocurrencies. Apart from being very consistent, they hardly have a downtime, which is quite convenient. Moreover, it doesn’t really matter whether you are or not experienced in the art of trading cryptocurrencies, as you will always find prompt assistance. CEX.IO itself is also very safe and enjoys a great reputation. Among dozens of exchanges, CEX.IO might just be the right one in case you are looking for a simple exchange and a reliable way to buy BCH fast.
Coinbase
Based in San Francisco and founded in 2012, Coinbase is one of the oldest exchanges in the industry. It currently serves over 30 various countries and offers quite a number of cryptocurrencies that can either be bought or sold. Its biggest selling point, making it amongst the most popular platforms out there, is that its perfect for beginners thanks to its simplicity. Additionally, with about 20,000,000 people using Coinbase, you can rest assured that you are dealing with robust and secure systems. When buying on this exchange, you are purchasing directly from the exchange. However, they also feature a trading platform (Coinbase Pro), in which you can trade with other users.
Despite being perfect for purchasing popular coins, you should keep in mind that they have fewer altcoin offerings.
Risk Disclosure
This article should not be taken as, and is not intended to provide, investment advice. Users are ultimately responsible for the investment decisions he/she/it makes based on this information. It is your responsibility to review, analyze and verify any content/information before relying on them. Trading is a highly risky activity. Do consult your financial adviser before making any decision. Please conduct your thorough research before investing in any cryptocurrency and read our full disclaimer.
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