How to buy Bitcoin Cash (BCH) with iDEAL
If you’re just getting started with cryptocurrencies, you’ve no doubt heard of Bitcoin, but you might still be wondering, “What is Bitcoin Cash?”
To put it simply, Bitcoin Cash is an offshoot of the original cryptocurrency, Bitcoin. The coins are not interchangeable, and although the blockchains that they are based on share a common history, they are now completely separate.
In the years leading up to 2017 when Bitcoin Cash split off from Bitcoin, some members of the Bitcoin community became dissatisfied with certain aspects of the technology, arguing that the blockchain was focused too much on being a store of value without giving due attention to its ability to be used as a medium of exchange. This disagreement led to some developers modifying the Bitcoin code in order to spin off their own blockchain with the aim of making a payment-focused cryptocurrency. Thus, Bitcoin Cash was born.
Today, Bitcoin Cash is a strong cryptocurrency with its own devoted development team and user base and a market capitalization in the top 5 cryptocurrencies. What better way to buy a cryptocurrency designed to be used as easily as cash, than with a payment system easier than any other? With iDEAL, you can have Bitcoin Cash in your virtual wallet in mere minutes.
Advantages of Buying Bitcoin Cash (BCH) With iDEAL
iDEAL payment system is an easy way to buy Bitcoin Cash (BCH). We’ve partnered with iDEAL to help meet our goal of making cryptocurrency transactions simple and accessible to everyone. That’s also why we keep bitFlyer’s interface straightforward and user-friendly. The process is easy to manage, even if you don’t have experience with cryptocurrencies or trading.
Here are the advantages of buying Bitcoin Cash (BCH) with iDEAL on bitFlyer:
- Using iDEAL is simple, it only takes a few clicks.
- iDEAL payments are visible immediately in your bank balance, no pending transactions.
- Payment is made instantly. You don’t have to wait while money is being transferred. This is important for the cryptocurrency market, as exchange rates are constantly changing.
- You don’t have to make an account with iDEAL. They simply facilitate the transfer of money from your bank account to the seller (in this case, us). When you go to make a payment, iDEAL will take you directly to your bank’s website or mobile app for authorization.
- Safety and security are guaranteed.
Steps to buy Bitcoin Cash (BCH) with iDEAL on bitFlyer
The process of buying Bitcoin Cash with iDEAL on bitFlyer is very simple. Here’s how it’s done:
- Start by registering your personal account on bitFlyer. You will be asked to verify your email address and provide some personal details.
- Log in and go to Instant Buy.
- Select Bitcoin Cash (BCH).
- Enter the amount of Bitcoin Cash (BCH) you are planning to buy, or select a predefined amount based on our users’ popular choices.
- Select iDEAL payment.
- iDEAL will take you to your bank’s application to confirm that you are trying to make a purchase.
- After confirmation, your tokens can be found in your virtual wallet.
Six simple steps and you have BCH in your virtual wallet. Now you know how to buy Bitcoin Cash!
Other Payment Methods to Buy Bitcoin Cash (BCH)
If your bank doesn’t support iDEAL transactions, we also accept Giropay and Sofort payments, for similar instant transfers. Or, you can always buy Bitcoin Cash or any other supported cryptocurrency on our exchange with your credit or debit card.
There’s one more option for bitFlyer users, which is SEPA bank transfers. With a SEPA transfer, you can send a sum of money to your virtual wallet which you can use to buy any cryptocurrency at any time.