How to Buy Bitcoin Cash (BCH)
Purchasing Bitcoin Cash for the first time may seem like a daunting task. There are, however, surefire ways to increase that BCH balance and participate in the peaceful protest against the money-printing criminals in control of fiat currency. Once you find the best wallet for yourself, the next decision you need to make is whether to buy Bitcoin Cash without KYC or give in to the bureaucrats.
If you don’t mind giving up your anonymity in exchange for convenience, centralized cryptocurrency exchanges are the way to go. Most fiat exchanges require KYC (Know Your Customer) and AML (Anti-Money Laundering) information. What this really means is that they require a name, address, and government-issued photo ID in order for you to utilize their services. Some of the most popular fiat exchanges are Coinbase, Kraken, Bitstamp, Cezex, and Gemini. If you’re willing to give them your personal information, purchasing BCH is simple. All you need to do is link your bank account or input your credit card, click the buy Bitcoin Cash at the price it’s trading for, and voilà. You now have borderless, censorship-resistant electronic cash!
KYC and AML regulations may seem fine for those who have the required documentation; however, what if you prefer keeping your private information, well, private?
The free market has an answer: peer-to-peer applications. Instead of trusting a third-party centralized corporation such as Coinbase, you can purchase BCH directly from a seller through peer-to-peer platforms. One such platform is local.bitcoin.com. Aside from the ability to sidestep the KYC and AML regulations, the biggest selling point for local.bitcoin.com is their 1% platform fee. In other words, you can pseudonymously buy Bitcoin Cash from anywhere in the world and transfer to anywhere in the world for a 1% premium—BCH PLZ! Local.bitcoin.com hosts multiple payment methods including AliPay, bank transfers, PayPal, Venmo, gift cards, and even in-person cash. In order to buy Bitcoin Cash with local.bitcoin.com, you just need to enter a username, password, and email address to get started. Another fantastic decentralized exchange you can use is localcoinswap. If you want to learn more about decentralized p2p exchanges (and even how to profit from them), the leading experts in cryptocurrencies will be speaking on the Cryptopulco Stage at Anarchapulco. Nothing beats the face-to-face interaction with the very people who build cryptocurrencies and applications.
If you happen to find yourself in the unfortunate circumstance of not having access to financial services, Bitcoin was created to help you! Bitcoin ATM’s give those without access to banking the privilege of exchanging dirty fiat cash in for Bitcoin Cash. Here are a couple of websites dedicated to showing the locations of Bitcoin ATM’s:
Once you’ve located the closet Bitcoin ATM, the rest is easy. Select BCH on the touchscreen, insert cash and then receive BCH in your wallet.
Finally, both the easiest and best way to buy Bitcoin Cash is with your friends. You don’t know any BCH holders? Come meet us at Anarchapulco this February! Not only can you buy Bitcoin Cash, but you receive the added benefit of becoming part of a larger community with like-minded individuals who—bias alert—are the most generous and helpful friends in the world. Find someone with a BCH shirt and say, “Hey, I’m new to crypto. May I exchange this government-issued toilet paper for Bitcoin Cash?” Click here to buy your tickets for Anarchapulco before they’re sold out!