Looking for an easy way to buy Bitcoin Cash? Blockport enables you to convert your local currency to Bitcoin Cash in a fast and secure way. On this page, you’ll learn how to easily buy Bitcoin Cash using the Blockport platform.
The first step is to sign up for Blockport by creating a new account. You can use this account to buy, sell and store Bitcoin Cash and other cryptocurrencies.
By verifying your identity, your account will be activated and you can start building a portfolio.
After your account is verified, connect your bank or payment account in order to deposit euros or US dollars.
Buy Bitcoin Cash and other cryptocurrencies instantly and exchange them on our trading platform.
For both beginning and more experienced traders, Blockport is the best way to easily buy Bitcoin Cash. Following the four steps above will enable you to create a safe environment where you can store your newly obtained Bitcoin Cash and use it to exchange for other cryptocurrencies like Bitcoin, Ethereum, Litecoin and Ripple.
Bitcoin Cash (BCH) is a cryptocurrency that was created in August 2017, as the result of a hard fork with the main Bitcoin currency. Bitcoin Cash is virtually identical to Bitcoin, except for the fact that the blocks are significantly bigger in size. Bitcoin Cash aims to offer faster transaction speed and lower fee costs than Bitcoin.
Bitcoin Cash is in many aspects a copy of Bitcoin, besides the fact that it aims to process more transactions in less amount of time. This way, Bitcoin Cash aims to compete with prominent payment services such as Visa regarding transaction volume.
Where Bitcoin has limited block sizes of 1MB, blocks in the Bitcoin Cash chain are 8MB. The main benefit of an increase in block size is that a larger amount of transactions per second can be processed.
One result of the exponential growth of interest in Bitcoin in recent years is that a demand to process more transactions each second has caused some difficulties. With a block size limited to 1MB, every second only around seven transactions can be verified. As the number of transactions grows, the time it takes before a single transaction is processed also increases.
This means that for payments being made with Bitcoin, it can take over 30 minutes for a transaction to be processed. With block sizes of 8MB, Bitcoin Cash is able to process op to 61 transactions per second, thereby significantly increasing the speed of the process.
As stated above, the main goal of Bitcoin Cash is to reduce the amount of time it takes to process a single transaction through its network compared to Bitcoin. In addition to an upgrade in transaction speed, the transaction fees will also decrease with Bitcoin Cash.
Since Bitcoin allows users to raise the fee that the miners of a block receive, a common strategy to prioritize a transaction is to simply increase the fee in order to incentivize miners. The higher the fee is you are willing to pay, the more appealing it will be for the miners of a block to let your transaction come through first. With a higher demand, this leads to rising fees.
Bitcoin Cash aims to lower the transaction fees by providing faster processing capabilities.
As with any other cryptocurrency, it is possible to make a profit by trading BCH. With an active community behind the Bitcoin Cash project increasing its popularity, the price of the coin has increased significantly since its introduction in August 2017. However, Bitcoin Cash has shown to be volatile, which means that large profits could be followed by losses.
Bitcoin Cash is no exception to the uncertain future most cryptocurrencies have. It remains difficult to predict the exact path that BHC will follow in the future. This means trading with Bitcoin Cash always carries a degree of financial risk.
We aim to be a global exchange, offering our services to everyone. Currently, Blockport supports a wide range of countries in Europe and more will be added in the future.
Please see our full list of supported countries for more info.
We currently support payments by SEPA Bank Transfer, SOFORT Banking and iDeal. To learn which payment methods are supported in your country, check out our supported countries page
For European countries we offer a safe way to buy Bitcoin Cash with SEPA Bank Transfer. SEPA Bank Transfer is a secure way to send money online from one country inside Europe to another. SEPA Bank Transfer is a fast, safe and above all cheap way to transfer money online.
In order to buy BHC with SEPA Bank Transfer on Blockport you will have to follow these four simple steps.
1. Create a Blockport Account
The first step is to sign up for Blockport by creating a new account. You can use this account to buy, sell and store Bitcoin Cash.
2. Verify your Account
By verifying your identity, your account will be activated.
3. Connect a Bank Account
After your account is verified, connect your bank account in order to deposit euros or US dollars.
4. Buy Bitcoin Cash
Buy Bitcoin Cash instantly and exchange them on our trading platform.
Blockport works with industry leading partners to ensure the safety of our users and platform as a whole. Through many rigorous safety measures focused on prevention, detection and mitigation of security issues, Blockport ensures the safety of the exchange.
If you want to learn more about our safety measures, please see our dedicated safety page.