Buying Bitcoin Cash: why and how you should do it with Coinhouse?

First things first: to buy and trade cryptocurrency, you will need to go through an intermediary. This is either a broker or a trading platform. This is the most suitable option for newcomers. The other option is to go right to the source and buy currencies on crypto exchanges, which can be very complicated for novices.

Coinhouse is one of the simplest and most intuitive platforms where you can buy Bitcoin Cash or any other digital currency. It was also the first French platform to be registered with the French Financial Markets Regulator, the body assigned to protect investors.

How does buying Bitcoin Cash work?

First, you need to create your account which takes only a matter of minutes. We will then verify your identity to protect against fraud and hacking.

Once your account has been validated, you are free to buy Bitcoin Cash using the payment options offered by Coinhouse:

• Buy Bitcoin Cash with a credit or debit card.
• Buy Bitcoin Cash using a bank transfer (from €20).

These options let you purchase digital currencies in a few simple clicks and without any obligation, unlike other providers that work on a subscription-based model and require you to pay every month to access their services. However, there is a delay in receiving the purchased coins, which can take several days.

What can you do with your Bitcoin Cash?

• Hold your Bitcoin Cash. If you chose to buy Bitcoin Cash as an investment, your best option to get the most out of it is to hold your cryptocurrency in your Coinhouse account or your own external wallet and then wait. The price of Bitcoin Cash will fluctuate over time, as like any other currency or stock. Remember, the price can go up or down; so, it is up to you to manage your portfolio how you want.
• Trade your Bitcoin Cash. If you are considering trading cryptocurrencies, you can buy Bitcoin Cash and start to trade it against other virtual coins. Beware: trading is highly risky and you need to develop a proper trading strategy that will help you deal with the volatile prices of the various digital coins and tokens.
• Sell your Bitcoin Cash. Once you have achieved your goals or you simply need cash, you can sell your cryptocurrencies on the platform when you want and have the money delivered to your bank account. If the price has risen and your crypto portfolio is in the green, you can take profits from your investment.
• Send your Bitcoin Cash. You can also transfer all or part of your portfolio to anyone you want. You just need to have their wallet address. It is simple and often cheaper than the traditional transfer options out there.

What can be bought with Bitcoin Cash?

• property;
• cars;
• insurance;
• hotel stays;
• luxury items;
• online services (software, Cloud hosting, etc.);
• and many others.

You can easily find online a list of vendors and brands that accept cryptocurrency.

Why buy using Bitcoin Cash?

What is Bitcoin Cash?

Buying with Bitcoin Cash still remains very secure. Like Bitcoin, it works thanks to the blockchain that ensures no unauthorised manipulation of the chain can be made.

What are the main reasons for buying with Bitcoin Cash?

• Buying Bitcoin Cash is cheaper than buying Bitcoin whose price is extremely high.
• Its transactions are recorded on the blockchain.
• Sellers who accept Bitcoin also take Bitcoin Cash.
• Bitcoin Cash can accommodate more transactions, meaning that more people can buy, sell or trade at the same time without affecting the network’s security and workload.

In this way, purchases with Bitcoin Cash present numerous advantages over purchases using Bitcoin.