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 to 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 it 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 quicker and therefore has cheaper fees. For this reason, BCH has become one of the largest cryptocurrencies by market cap. Wondering how to buy Bitcoin Cash (BCH) in the US? Netcoins is a publicly owned, fully regulated crypto trading platform. Simply create an account with Netcoins, fund it and head to the trade page to buy or sell BCH. Netcoins offers 0% funding fees and free cash withdrawals with e-Transfers, along with live customer support service seven days a week.
1. Create an Account
Visit the Netcoins website and click on the sign-up button. Or download the Netcoins app from the app store for mobile. Enter your email address, create a strong password, and agree to the terms and conditions. You will receive a confirmation email, click on the link to verify your email address.
2. Fund It
Choose your preferred funding method: bank wire transfer, interac e transfer, crypto deposit, or cash deposit. Follow the prompts to transfer funds into your Netcoins account. The process is quick and incurs no fees.
3. Start Trading
Difference between Bitcoin Cash and Bitcoin.
While Bitcoin (BTC) and Bitcoin Cash (BCH) share many similarities (other than their name), they are quite different from one another. For starters, bitcoin is often referred to as “digital gold” while Bitcoin Cash is referred to as “digital cash.”
How Much BCH Can I Buy?
You don’t need to buy a lot of BCH to get started! Our minimum purchase amount is .016 BCH. Enabling anyone to gain exposure no matter how many dollars they have to invest.
Why Buy BCH?
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.
Things to Consider Before Investing in Bitcoin Cash
Bitcoin Cash wants to be a digital currency that people can use to buy goods and services. Like bitcoin, Bitcoin Cash is decentralized (not backed by a bank or a government) and is limited in supply (to 21 million coins). Scarcity plays a key role in protecting Bitcoin Cash’s value. Much like scarcity helped bitcoin maintain its value over the last few years, the scarcity seen in BCH should also help it maintain its value in the long-term.
Bitcoin Cash (BCH) & The Future
When thinking about investing in Bitcoin Cash, it’s important to think about your personal financial goals and how crypto can help you achieve those goals. One of the advantages of buying Bitcoin Cash is that you can do so at much more affordable prices than you can with bitcoin.
If you want to learn more about blockchains, bitcoin or crypto staking, follow our educational blog!
FAQs
Why is KYC (Verification) required?
Netcoins Inc. is a licensed money service business under FINTRAC, and a registrant under the Provincial Securities Commissions, and adheres to the strict guidelines set by them for Money Transmitter Businesses and Securities Registrants. We are required to have a Know-Your-Client (KYC) process and compliance program in place. KYC is a process that allows us to verify the identity of our customers.
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.
How can I fund my account?
Your Netcoins account can be funded with a crypto deposit, Interac e-Transfer, or a bank wire transfer. Once you have funds in your Netcoins account, you’ll find that it’s super easy to buy BCH in Canada.