How to buy Bitcoin Cash with Sofort at bitFlyer
Looking for a reliable exchange that puts the power to buy, sell and trade digital currency in your hands? Look no further, we’ve got you covered. Here is a brief look at how to buy Bitcoin Cash and other cryptos with Sofort on our platform. We will also take a brief look at other possibilities available on our platform.
What is Bitcoin Cash?
People often confuse Bitcoin Cash (BCH) with Bitcoin (BTC). Even though Bitcoin Cash nodes were once a part of the Bitcoin blockchain, Bitcoin Cash is now a completely separate blockchain. Bitcoin Cash was “hard forked” from Bitcoin which means that it is now a fully independent cryptocurrency. In the process of growing away from its parent coin, Bitcoin Cash has made a number of important improvements. For instance, cheaper transfer fees (around $0.20 per transaction), faster transfer times, and the ability to handle more transactions per second. You already love BCH, right?
What is Sofort?
Now for Sofort. As you might already know, Sofort banking is a payment solution based on the principle of a bank transfer, but with a few differences. For example, there’s no necessity to actually register an account at Sofort. You only need an online banking account connected to Sofort and that’s it, you’re good to go. Now, let’s discuss some more details about Sofort and why you might want to buy BCH using this system.
Advantages of buying Bitcoin Cash (BCH) with Sofort
- Sofort is a highly secure payment option since it does not store personal and financial details. It also uses two advanced security measures to protect your transactions, PIN-codes and TAN-codes. These security measures help eliminate the possibility of human error.
- Transactions are authorized immediately.
- With Sofort, it’s fast and simple to pay. Remember that there’s no necessity to actually register an account, all you have to do is activate Sofort on your online banking account.
- Low fees. The transaction costs are 0.9% of the transaction amount + a fixed charge of €0.25 per transaction.
Now that you’ve seen all the benefits of using Sofort, let’s look at why bitFlyer is the best place to buy Bitcoin Cash. Here are some top reasons to use bitFlyer:
- The user-friendly interface
- A-level security (SSL, multi-sig, 2FA)
- It’s fully licensed, unlike many other exchanges that operate in a regulatory grey area
- Our platform keeps 80% of its funds in an offline digital wallet backed up by physical locks and a 24-hour surveillance system
- Friendly and professional customer service
- Low fees (when compared to other similar services)
Now let’s go through the process of buying crypto, in particular Bitcoin Cash, using Sofort on our crypto exchange.
Steps to buy Bitcoin Cash (BCH) with Sofort on bitFlyer
- Sign up for a bitFlyer account or log in if you already have one.
- Verify your account and your identity. (We require identity verification to enhance the security of our service and to comply with international laws concerning money laundering and online exchanges.)
- Check the current Bitcoin Cash price, decide how much you want to buy and figure out the corresponding amount of Euros.
- Go to Instant Buy then Bitcoin Cash and enter the amount in Euros that you would like to buy.
- Choose Sofort and click on buy.
- On SofortPay’s secure redirect page, specify your bank and log in with your account number and online banking PIN, and then confirm your payment with the TAN.
- Receive your BCH in your bitFlyer wallet. That’s it! Easy, right?
Important notice: Once you’ve got your crypto in your bitFlyer wallet, you can use it in any way you want, it’s all yours. You can keep it on our platform or send it to a physical Bitcoin Cash wallet. Needless to say, you can also use your bitFlyer wallet to pay, anywhere that accepts Bitcoin Cash.
Other Methods for Buying Bitcoin Cash (BCH) on bitFlyer
You have a few different options to buy Bitcoin Cash with our service. You can use a credit/debit card, bank transfer, as well as two other popular payment systems, GiroPay and iDeal. No matter which payment solution you choose, we promise you low fees, A-level security, and great customer support.