Bitcoin Cash (BCH) is a decentralised currency that was created in the year 2017 as a way of improving the Bitcoin system and speeding up slow transactions by increasing the size of blocks. By increasing the size of these blocks, drastically increased the number of transactions that could be processed on each.
Check out Swyftx Learn to find out more about Bitcoin Cash.
To buy Bitcoin Cash, sign up for a trading account with Swyftx; Australian Cryptocurrency Exchange. Simply verify your account, upload AUD, select the amount of BCH you wish to purchase. Click ‘Buy BCH’ and the Bitcoin Cash will become immediately available in your wallet.
As a decentralised, permissionless cryptocurrency, Bitcoin Cash requires no intermediaries or third parties to authorise transactions. Unlike fiat currencies such as AUD and USD, Bitcoin Cash does not rely on a monetary middleman such as a central bank to process transactions. Transactions are fast and fees are lower than that of Bitcoin. In addition to being used for peer-to-peer payments between participants, Bitcoin Cash can be used to pay for goods and services in-store and online. Essentially anyone can accept bitcoin cash payments if they have a computer or smartphone. Alternatively, people in Australia can buy Bitcoin Cash using the Swyftx cryptocurrency exchange.
The best place to buy Bitcoin Cash is right here at Swyftx! Swyftx offers a fast, secure, and user-friendly platform that allows traders to easily deposit Australian dollars to trade Bitcoin and other cryptocurrencies instantly. We offer competitive fees and excellent customer support and we are proud to be Australia's highest-rated crypto exchange as per our Trust Pilot Reviews.
Yes, Swyftx is a safe and secure platform to buy and sell Bitcoin Cash (BCH). Swyftx employs a range of advanced security measures to protect user funds and personal information and has been awarded ISO27001 certification for information security.
Swyftx is a AUSTRAC registered exchange that conducts regular security audits and maintains strict compliance with Australian Anti-Money Laundering and Counter-Terrorism Financing Laws.
You can find more information on our security practices here.
The price of BCH is determined by the forces of supply and demand in the market. Similar to other assets, the price of Bitcoin is determined by the number of buyers and sellers in the market at any given time.
Some significant factors that can influence the demand for Bitcoin are adoption rates, Macro economic factors, News events, upgrades and advancements in its tech and investor sentiment.
You can deposit Australian dollars (AUD) into Swyftx via a number of methods including:
Swyftx also allows you to deposit cryptocurrency from another wallet into your account.
Swyftx does not allow you to directly buy Bitcoin Cash with credit card, however, we do support credit and debit card deposits. Once your deposit has arrived in your account, you can then buy BCH instantly.
Swyftx has a trading fee of 0.6% for all buy and sell orders. In addition to the trading fee, Swyftx applies a spread to each cryptocurrency trade.
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