Bitcoin Cash (BCH) offers faster transactions and lower fees compared to Bitcoin, making it a popular alternative for crypto enthusiasts. If you're in Canada and looking to invest in BCH, here’s a detailed guide covering exchanges, wallets, and key considerations.
Best Methods To Buy Bitcoin Cash in Canada
You can purchase BCH through:
- Cryptocurrency Exchanges: Platforms like CoinSmart, NDAX, Binance, and Bitbuy allow trading BCH with funding options such as bank transfers, credit cards, or crypto deposits.
- Cryptocurrency Brokers: Beginner-friendly options like Wealthsimple Crypto, Newton, and Netcoins offer quick trades but may have higher fees.
- Crypto ATMs: Select ATMs in Canada support BCH purchases.
- Mining: Requires technical expertise and equipment to earn BCH by verifying transactions.
Top Platforms To Buy Bitcoin Cash
1. Bitbuy
Founded in 2016, Bitbuy is a trusted exchange supporting BCH, Ethereum, Bitcoin, and 50+ other coins.
Key Features:
- Funding: Interac e-Transfer, bank wire, crypto deposits.
- Fees: Up to 2% trading fee.
- Promotion: [$50 bonus](https://www.okx.com/join/BLOCKSTAR) on deposits over $250.
👉 Explore Bitbuy’s full review here
2. Wealthsimple Crypto
A regulated platform offering BCH and 50+ cryptocurrencies.
Key Features:
- Funding: Electronic Fund Transfer (no crypto deposits).
- Fees: 1.5–2% price spread per transaction.
- Promotion: [$25 bonus](https://www.okx.com/join/BLOCKSTAR) for deposits ≥$200.
3. Newton
A low-fee brokerage supporting BCH and 44 other cryptos.
Key Features:
- Funding: Interac e-Transfer, EFT, bank wire, crypto.
- Fees: 0.50%–2.20% trading fee.
Selling Bitcoin Cash
To sell BCH, place a sell order on your exchange and withdraw proceeds to your bank account or retain them for future trades.
What Is Bitcoin Cash?
BCH emerged from a 2017 Bitcoin hard fork, addressing scalability with a 32MB block size (vs. Bitcoin’s 1MB). While faster and cheaper, it hasn’t matched Bitcoin’s market dominance.
Storing Bitcoin Cash
- Hot Wallets: Online wallets (convenient but less secure).
- Cold Wallets: Hardware devices like Ledger or Trezor (safer for long-term storage).
- Paper Wallets: Printed private/public keys (offline storage).
Is Bitcoin Cash a Good Investment?
BCH remains speculative. Invest only what you can afford to lose, and diversify your crypto portfolio.
FAQs
Is Bitcoin or Bitcoin Cash better?
Bitcoin is more established, but BCH offers lower fees. Both can diversify a portfolio.
What’s the cheapest way to buy BCH in Canada?
CoinSmart offers competitive fees, but compare platforms for the best rates.
Disclaimer
Cryptocurrency investments are volatile. Conduct thorough research before investing.
👉 Compare top crypto exchanges for BCH trading
This guide equips you with the essentials to start your Bitcoin Cash journey in Canada. For deeper insights, explore our recommended platforms and wallets.
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