common-close-0
BYDFi
Trade wherever you are!

What is the process for buying Bitcoin Cash with a bank account?

avatarSpufiDec 30, 2021 · 3 years ago3 answers

Can you explain the step-by-step process for purchasing Bitcoin Cash using a bank account? I am interested in buying Bitcoin Cash and would like to know how I can do so using my bank account.

What is the process for buying Bitcoin Cash with a bank account?

3 answers

  • avatarDec 30, 2021 · 3 years ago
    To buy Bitcoin Cash with a bank account, you can follow these steps: 1. Choose a reputable cryptocurrency exchange that supports Bitcoin Cash and allows bank transfers. 2. Create an account on the exchange and complete the necessary verification process. 3. Link your bank account to your exchange account by providing the required information. 4. Once your bank account is linked, initiate a bank transfer to deposit funds into your exchange account. 5. Wait for the funds to be credited to your exchange account, which may take a few business days. 6. Once the funds are available in your exchange account, navigate to the trading section and search for Bitcoin Cash. 7. Select the trading pair that matches Bitcoin Cash with your desired fiat currency, such as BTC/BCH or USD/BCH. 8. Enter the amount of Bitcoin Cash you want to buy and review the transaction details. 9. Confirm the purchase and wait for the order to be executed. 10. Once the order is filled, you will see the Bitcoin Cash balance in your exchange account. Please note that the exact process may vary slightly depending on the exchange you choose, but these steps should give you a general idea of how to buy Bitcoin Cash with a bank account.
  • avatarDec 30, 2021 · 3 years ago
    Buying Bitcoin Cash with a bank account is a straightforward process. First, you need to find a reputable cryptocurrency exchange that supports Bitcoin Cash and allows bank transfers. Once you have chosen an exchange, create an account and complete the necessary verification process. Then, link your bank account to your exchange account by providing the required information. After your bank account is linked, initiate a bank transfer to deposit funds into your exchange account. Wait for the funds to be credited to your account, which may take a few business days. Once the funds are available, navigate to the trading section and search for Bitcoin Cash. Select the trading pair that matches Bitcoin Cash with your desired fiat currency. Enter the amount of Bitcoin Cash you want to buy and review the transaction details. Confirm the purchase and wait for the order to be executed. Once the order is filled, you will see the Bitcoin Cash balance in your exchange account.
  • avatarDec 30, 2021 · 3 years ago
    At BYDFi, the process for buying Bitcoin Cash with a bank account is simple. First, you need to create an account on our platform and complete the necessary verification process. Once your account is verified, navigate to the 'Deposit' section and select the option to deposit funds via bank transfer. Follow the instructions provided to link your bank account to your BYDFi account. After your bank account is linked, initiate a bank transfer to deposit funds into your BYDFi account. Wait for the funds to be credited to your account, which usually takes a few business days. Once the funds are available, you can easily buy Bitcoin Cash by navigating to the 'Trade' section and selecting the Bitcoin Cash trading pair. Enter the amount of Bitcoin Cash you want to buy, review the transaction details, and confirm the purchase. Your order will be executed, and you will see the Bitcoin Cash balance in your BYDFi account.