How to buy Bitcoin Cash
Do you experience difficulties placing an order? SATOS stands ready to assist! Our support team is available seven days per week to answer all your questions. We work every day from 10 AM to 9 PM. After all, buying and selling Bitcoin Cash involves real money, which also necessitates excellent service. You can access our live chat at the bottom of this page.
Get the best Bitcoin Cash price using SATOS
Step 1 – Create a Bitcoin Cash wallet
One of our priorities is to make buying and selling cryptocurrencies as straightforward as possible. This thought also informed our decision not to require you to register on our website. It quickens the process and is in line with the fundamental purpose of cryptocurrencies. The only thing you need to do to purchase Bitcoin Cash through us is to create a Bitcoin Cash wallet. You will need a wallet to receive the Bitcoin Cash that you ordered. Consider it some type of digital bank account, with the caveat that you are in complete control of it.
Step 2 – Place a Bitcoin Cash order
After you have obtained a Bitcoin Cash wallet, placing an order through SATOS becomes a piece of cake. On the first screen, you only need to fill in the amount of Bitcoin Cash that you like to purchase. We will then provide you with a real-time exchange rate applicable to your order. Do you agree with the proposed rate? Then click on ‘Place order’ to proceed to the next step. During the next step, we will ask you for your email address and your Bitcoin Cash recipient address. You can find the latter in the Bitcoin Cash wallet you created during step 1 (in case you did not have a wallet already).
Step 3 – Paying for your Bitcoin Cash
Next up is paying for the reserved Bitcoin Cash. SATOS allows payments through iDEAL, Bancontact, or SEPA. We do advise the use of iDEAL if possible, as it is the fastest payment method. Once you have paid for your order, we will safely reserve your coins and prepare them for depositing. You can now specify the wallet address you want to send your coins to.
Step 4 – Verification
Alas, even SATOS is obligated to follow up on verification procedures as after you have placed your order, we will ask you to briefly verify yourself. We will thoroughly explain our verification procedures on your personal transaction page as well as indicating which procedures apply to you. Do not fret, it is not rocket science and if you are curious about what our verification procedures are you can always check our current verification methods. Once you have handed in the specified verifications, our compliance team will do their best to quickly assess and verify your documents, after which they will process your order as soon as possible.
Up-to-date with our verifications? Then we will process orders to known addresses almost instantly!
Do you need help buying Bitcoin Cash? No problem, we stand ready to assist! Every day, SATOS strives to make buying and selling cryptocurrencies as simple as possible. After all, trading concerns your money, which is why it is vital that you are well informed and act safely. You can reach our team through the live chat, located at the bottom of this page.
Why do see value in Bitcoin Cash?
- People purchase Bitcoin Cash because the project offers a possible solution to the blockchain scalability problem.
- The relatively high number of transactions per second the blockchain can handle makes Bitcoin Cash a popular investment option.
- It's also an attractive investment because the exchange rate fluctuates tremendously every day. There's much profit to be had, but it's just as easy to lose money.
- People also invest in Bitcoin Cash because of the involvement of Roger Ver in the project.
- Buying Bitcoin Cash is attractive because it may become the future's primary means of payment.
- People also buy Bitcoin Cash because it is one of the most significant projects in terms of net market value.
Remain in charge of your own Bitcoin Cash wallet
The crypto revolution started on the premise that people should be in charge of their own money. A Bitcoin Cash wallet allows you to manage your assets autonomously, without any interference from intermediaries. We find it essential that people understand the value of retaining complete control over their fortunes. Creating a Bitcoin Cash wallet only takes a few minutes, but the advantages are momentous. On our Bitcoin Cash wallet page, we describe step-by-step how you can obtain your own wallet.
What are some of the differences between Bitcoin Cash and Bitcoin?
- The main difference between the two is the block size. Bitcoin Cash blocks are currently 32 MB in size, whereas Bitcoin blocks only amount to 1 MB.
- Bitcoin Cash is currently able to process approximately 120 transactions per second. The Bitcoin blockchain only processes seven transactions each second.
- The Bitcoin Cash blockchain is now 167 GB in size, which is quite a bit smaller than the Bitcoin blockchain, which currently weighs 253 GB.
- Bitcoin Cash currently also has fewer active users. There are about 32,000 active Bitcoin Cash addresses, whereas there are nearly 690,000 regular Bitcoin addresses.
Why do people use SATOS to buy Bitcoin Cash?
- Speed: your order will appear in your wallet within fifteen minutes.
- Reliable: SATOS has been the #1 cryptocurrency broker of the Netherlands for more than five years now.
- Support: the SATOS support team is available seven days per week to support our customers.
- Secure: you always remain in charge of your own assets at SATOS.
- Straightforward: SATOS allows convenient payment, through iDEAL, Bancontact and SEPA.
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What should I keep in mind when buying Bitcoin Cash?
Like with every investment, it's vital that you first do your research before you allocate your hard-earned money to a project. This holds even more for cryptocurrencies, due to the considerable daily rate fluctuations in the Bitcoin Cash price. So, before you purchase Bitcoin Cash, it's crucial that you get up to speed on this project.
Bitcoin Cash is a Bitcoin split-off that amended the Bitcoin protocol in some crucial ways. The main difference between the two is the block size of the respective blockchains. The Bitcoin Cash blocks are much larger, which means that they can store more transactions. However, the main issue here is that this blockchain will expand much faster than the Bitcoin blockchain when the blocks are used at full capacity. There are both pros and cons to increasing the block size. Time will tell which solution to the scalability problem will come out on top. Still, results achieved in the past offer no guarantees for the future.
But right now, Bitcoin Cash is one of the largest cryptocurrencies available in terms of net market value. Whether this trend will continue is dependent on a variety of factors, which makes it difficult to predict. We advise you to read up on the solution Bitcoin Cash offers to the blockchain scalability problem and to compare this method with other solutions, as this will help you form your own opinion. There's a slight chance that Bitcoin Cash will dethrone Bitcoin at some point, but this is not the case yet.
Can I also sell Bitcoin Cash at SATOS?
SATOS also offers cryptocurrency selling services. So indeed, it's certainly possible to sell Bitcoin Cash to us. The only thing we need from you is your bank account and the Bitcoin Cash that you would like to sell. We will take care of the rest!
Wondering what other cryptocurrencies you can buy and sell at SATOS? Take a look at these pages: