Buy Bitcoin Cash with a Credit Card
You can buy BCH for USD and other fiat currencies here at SwapSpace! We provide an easy way to do that via one of our partners, such as Mercuryo, Guardarian, or Simplex, with a few simple steps right on this page. You can also look at Bitcoin Cash price dynamics and history, get some answers to your questions, and find some useful links to read more about what is BCH.
Bitcoin Cash Live Price Chart
BCH price can be volatile. You can see the history of price changes in the cryptocurrency price chart below to help you make the best decision while considering buying crypto.
Bitcoin Cash is a fork of Bitcoin that seeks to add more transaction capacity to the network in order to be useful for everyday transactions. The fork happened in 2017 after the division of the opinions on the future of the protocol. Part of the Bitcoin community had a different view on the future development of the project and decided to keep the features not supported by the original Bitcoin network anymore.
Bitcoin Cash was created as a result of disagreements between developers about how best to scale Bitcoin's transaction capacity, with one side arguing for a block size increase, and another side arguing for SegWit. The split occurred when a group of miners, developers, and companies threatened to take their business off-chain if they didn't receive sufficient support for their preferred block size increase proposal. Every holder of Bitcoin at the time of the split was rewarded with Bitcoin Cash.
Bitcoin itself isn’t very useful as a currency for everyday transactions because of its fees, while Bitcoin Cash offers lower fees and faster transaction processing. The main difference between Bitcoin Cash and Bitcoin is that BCH has larger block sizes, which makes it more suitable for large-value transactions. Another difference is that BCH uses a faster block generation algorithm than BTC, called Equihash (Ethereum's hashing algorithm). This means that even though both chains have a 1 MB block size, BCH generates blocks much faster than BTC does.
Unlike Bitcoin, which can only process around seven transactions per second and has a fixed block size limit, Bitcoin Cash allows up to 32MB blocks. Bitcoin Cash was created by two developers, Amaury Sechet and Jeff Garzik. After hard forking from the original Bitcoin network, Bitcoin Cash became a completely separate blockchain but retained some of the core functions of Bitcoin.
The reason why most of the developers rejected the proposal was in the key trade-off. As a larger blockchain, Bitcoin Cash is harder to validate and store as it requires thousands of computers across the world.
Bitcoin Cash can be used to pay for purchases, for example, via Coinbase Commerce as it enables many merchants to accept crypto payments. If you are looking for a way to buy BCH, it is available on most of the common exchanges and supported by most of the crypto wallets, including Binance, Coinbase, Exodus, Ledger, MetaMask, Trust Wallet, Kraken, etc.
Bitcoin Cash uses BCHSV (Bitcoin Cash Standard V1) as its Proof-of-Work algorithm since May 2018, which allows for larger blocks than what was previously possible with SHA256. The difficulty re-target time is every block and this prevents large networks from dominating the network, as well as making it more difficult for an attacker to dominate the network.
The block size limit for Bitcoin Cash transactions is set by the community at 32 MB. This means that it will take up to 4 minutes for someone to create a new block in the blockchain and add it to the ledger. The rate at which blocks are created depends on how much computational power is available in the network and how much storage space is left in each block. The maximum block size can be increased if there is enough demand for larger blocks from miners and users, or if there are improvements with regard to the efficiency of mining operations and storage space usage by miners.
The average fees on Bitcoin Cash Network are much lower than Bitcoin. The fee for a transaction is 0.0001 BTC. The network is able to process more than 5 transactions per second which makes it more scalable than the original bitcoin network. The average fee in the bitcoin network is 0.0005 BTC while it is 0.0001 BTC on the Bitcoin Cash network.
BCH is a native utility token for the Bitcoin Cash network. Just like BTC, it has a total supply of 21 million coins.
How to Buy BCH on SwapSpace
On this page, we put USD in the “You send” and BCH in the “You get” sections in the widget. USD is the default, but you can choose your preferred fiat currency. Put in the amount of fiat you want to spend. Next, press the ”View offers” button and choose a provider.
Fill in the “Enter the recipient address” field with the destination Bitcoin Cash address. Check the information carefully and click the “Next” button. After reading the special terms and conditions in the next window, click “Next” again.
At this point, you will either see our partner’s widget or be redirected to another page, depending on the chosen provider. You will be asked to verify your identity, as this is standard practice for the services that work with fiat money. Follow the provider’s instructions on the screen.
After completing the KYC procedure, fill in your credit card information. At this point, everything is in place and your transaction will start.
Wait for the transaction to process. You’ll see a message when it’s completed. A window with your transaction details will also appear; from there, you can also create another crypto-fiat exchange.
Convert Fiat to Crypto Now
If you’re still just considering buying crypto with a credit or debit card, you can use the widget to play around with our cryptocurrency converter: just put in the amount of USD, EUR, or other fiat currency you're willing to spend and see how much BCH you can buy with it.