Bitcoin Cash (BCH) was formed on August 1, 2017 as the first hard fork from Bitcoin Blockchain. The biggest difference between Bitcoin Cash (BCH) and Bitcoin (BTC) is the increased block size within your own block chain. The block size was directly increased to 8MB when Bitcoin Cash was created (on August 1, 2017), while Bitcoin, the forefather of Bitcoin Cash, activated Segregated Witness (SegWit) to meet the demand for significantly more transaction volume per block.
Compared to Bitcoin, Bitcoin Cash offers significantly faster processing times with significantly lower transaction fees.
Why Bitcoin Cash?
Bitcoin Cash (BCH) is much younger than Bitcoin, but it is also the first “direct” hard fork on the Bitcoin block chain. Both were therefore based on the identical code until the division described above. But Bitcoin Cash (BTC) offers through the aforementioned advantages a very good perspective to establish itself further in the markets and above all for the use. BCH has only been around for almost exactly half a year. These 26 weeks were already very interesting for the Bitcoin Cash owners of the first hour to look at. The highs were just before Christmas, shortly before $4,000 per BCH, but then also moved downwards again in the wake of the turn of the year.
Buy Bitcoin Cash
Bitpanda.com* is a Bitcoin Broker based in Austria and offers various payment options for easy purchase of the most established crypto currencies. Bitpanda currently offers BTC, ETH, DASH, LTC, BCH and XRP at constantly updated prices. However, it should be noted that the fees are always included in the price of the purchase. BitPanda, like some of the reputable brokers, offers several forms of user verification, which are summarized in the following table:
Verify at Bitpanda
Limits for verification at Bitpanda | Image via bitpanda.com, status 01/2018
Bitpanda is based in Austria under this Company and has been established in the crypto trade since 2014. Compared to the very large global crypto brokers, Bitpanda must also be credited for carefully checking and analyzing new forks or the inclusion of new currencies such as Ripple in trading (More information on Bitpanda).
Become a panda | Register with Bitpanda
So if you are considering registering with Bitpanda* to purchase crypto currencies, you should be an EU citizen, have an email address, and have a smartphone with Google Authenticator available for two-factor authentication, depending on your plans. If you want to reach the Gold status, you also need a valid photo ID, which you simply photograph with your webcam and send to the company based in Austria.
The menu navigation is very simple and purposefully designed and tailored to the international trade with crypto currencies. Furthermore, Bitpanda is constantly expanding the currencies on offer, placing apparent value on solid currencies that are established in the markets.
Step 1: Register and set password
Registration with valid email address (and strong password of the email account):
Register with Bitpanda: email
Afterwards you will receive an email for verification to the given email address. This means that you finally open the link contained in it and can then also define your personal password for the Bitpanda login yourself. Please choose a password which you do not have in use with any other web service.
Step 2: Buy Bitcoin Cash
After you have set a solid password, you should first generate the wallets of the crypto currencies you wish to purchase from Bitpanda.
To create a Bitcoin Cash Wallet navigate to the corresponding tab after logging in and click the button “Create deposit address” as shown in the screenshot below.
Afterwards you can easily secure the desired share of Bitcoin Cash via the “Buy Dialog” of the website. If you decide to purchase, please have the details of the payment method you wish to use ready. The purchase should be completed within ten minutes. Otherwise the transaction will not be concluded.
Below the “Buy Dialog” with the payment methods as Panda Starter:
Once the transaction has been completed or the voucher has been redeemed, the transaction is complete and you should see the desired amount of Bitcoin Cash in your personal wallet. In addition, you will receive an email about the entire process, which you should ideally also print out as a PDF and send to us for the purpose of sp