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How to buy Bitcoin Cash

Do you experience difficulties placing an order? SATOS stands ready to assist! Our support team is available seven days per week to answer all your questions. We work every day from 10 AM to 9 PM. After all, buying and selling Bitcoin Cash involves real money, which also necessitates excellent service. You can access our live chat at the bottom of this page.

Get the best Bitcoin Cash price using SATOS

Step 1 – Create a Bitcoin Cash wallet

One of our priorities is to make buying and selling cryptocurrencies as straightforward as possible. This thought also informed our decision not to require you to register on our website. It quickens the process and is in line with the fundamental purpose of cryptocurrencies. The only thing you need to do to purchase Bitcoin Cash through us is to create a Bitcoin Cash wallet. You will need a wallet to receive the Bitcoin Cash that you ordered. Consider it some type of digital bank account, with the caveat that you are in complete control of it.

Step 2 – Place a Bitcoin Cash order

After you have obtained a Bitcoin Cash wallet, placing an order through SATOS becomes a piece of cake. On the first screen, you only need to fill in the amount of Bitcoin Cash that you like to purchase. We will then provide you with a real-time exchange rate applicable to your order. Do you agree with the proposed rate? Then click on ‘Place order’ to proceed to the next step. During the next step, we will ask you for your email address and your Bitcoin Cash recipient address. You can find the latter in the Bitcoin Cash wallet you created during step 1 (in case you did not have a wallet already).

Step 3 – Paying for your Bitcoin Cash

Next up is paying for the reserved Bitcoin Cash. SATOS allows payments through iDEAL, Bancontact, or SEPA. We do advise the use of iDEAL if possible, as it is the fastest payment method. Once you have paid for your order, we will safely reserve your coins and prepare them for depositing. You can now specify the wallet address you want to send your coins to.

Step 4 – Verification

Alas, even SATOS is obligated to follow up on verification procedures as after you have placed your order, we will ask you to briefly verify yourself. We will thoroughly explain our verification procedures on your personal transaction page as well as indicating which procedures apply to you. Do not fret, it is not rocket science and if you are curious about what our verification procedures are you can always check our current verification methods. Once you have handed in the specified verifications, our compliance team will do their best to quickly assess and verify your documents, after which they will process your order as soon as possible.

Up-to-date with our verifications? Then we will process orders to known addresses almost instantly!

Do you need help buying Bitcoin Cash? No problem, we stand ready to assist! Every day, SATOS strives to make buying and selling cryptocurrencies as simple as possible. After all, trading concerns your money, which is why it is vital that you are well informed and act safely. You can reach our team through the live chat, located at the bottom of this page.

Why do see value in Bitcoin Cash?

  • People purchase Bitcoin Cash because the project offers a possible solution to the blockchain scalability problem.
  • The relatively high number of transactions per second the blockchain can handle makes Bitcoin Cash a popular investment option.
  • It’s also an attractive investment because the exchange rate fluctuates tremendously every day. There’s much profit to be had, but it’s just as easy to lose money.
  • People also invest in Bitcoin Cash because of the involvement of Roger Ver in the project.
  • Buying Bitcoin Cash is attractive because it may become the future’s primary means of payment.
  • People also buy Bitcoin Cash because it is one of the most significant projects in terms of net market value.

Remain in charge of your own Bitcoin Cash wallet

The crypto revolution started on the premise that people should be in charge of their own money. A Bitcoin Cash wallet allows you to manage your assets autonomously, without any interference from intermediaries. We find it essential that people understand the value of retaining complete control over their fortunes. Creating a Bitcoin Cash wallet only takes a few minutes, but the advantages are momentous. On our Bitcoin Cash wallet page, we describe step-by-step how you can obtain your own wallet.

What are some of the differences between Bitcoin Cash and Bitcoin?

  • The main difference between the two is the block size. Bitcoin Cash blocks are currently 32 MB in size, whereas Bitcoin blocks only amount to 1 MB.
  • Bitcoin Cash is currently able to process approximately 120 transactions per second. The Bitcoin blockchain only processes seven transactions each second.
  • The Bitcoin Cash blockchain is now 167 GB in size, which is quite a bit smaller than the Bitcoin blockchain, which currently weighs 253 GB.
  • Bitcoin Cash currently also has fewer active users. There are about 32,000 active Bitcoin Cash addresses, whereas there are nearly 690,000 regular Bitcoin addresses.

Why do people use SATOS to buy Bitcoin Cash?

  • Speed: your order will appear in your wallet within fifteen minutes.
  • Reliable: SATOS has been the #1 cryptocurrency broker of the Netherlands for more than five years now.
  • Support: the SATOS support team is available seven days per week to support our customers.
  • Secure: you always remain in charge of your own assets at SATOS.
  • Straightforward: SATOS allows convenient payment, through iDEAL, Bancontact and SEPA.

We appreciate our customers’ feedbacks! Here’s what some of our customers say about our work Trustpilot.

What should I keep in mind when buying Bitcoin Cash?

Like with every investment, it’s vital that you first do your research before you allocate your hard-earned money to a project. This holds even more for cryptocurrencies, due to the considerable daily rate fluctuations in the Bitcoin Cash price. So, before you purchase Bitcoin Cash, it’s crucial that you get up to speed on this project.

Bitcoin Cash is a Bitcoin split-off that amended the Bitcoin protocol in some crucial ways. The main difference between the two is the block size of the respective blockchains. The Bitcoin Cash blocks are much larger, which means that they can store more transactions. However, the main issue here is that this blockchain will expand much faster than the Bitcoin blockchain when the blocks are used at full capacity. There are both pros and cons to increasing the block size. Time will tell which solution to the scalability problem will come out on top. Still, results achieved in the past offer no guarantees for the future.

But right now, Bitcoin Cash is one of the largest cryptocurrencies available in terms of net market value. Whether this trend will continue is dependent on a variety of factors, which makes it difficult to predict. We advise you to read up on the solution Bitcoin Cash offers to the blockchain scalability problem and to compare this method with other solutions, as this will help you form your own opinion. There’s a slight chance that Bitcoin Cash will dethrone Bitcoin at some point, but this is not the case yet.

Can I also sell Bitcoin Cash at SATOS?

SATOS also offers cryptocurrency selling services. So indeed, it’s certainly possible to sell Bitcoin Cash to us. The only thing we need from you is your bank account and the Bitcoin Cash that you would like to sell. We will take care of the rest!

Wondering what other cryptocurrencies you can buy and sell at SATOS? Take a look at these pages:

Veelgestelde vragen

Select a customary miner fee

Are you planning to make a Bitcoin Cash transaction? Then always check in advance what the current customary miners fee is for your transaction. It would be unfortunate if you had to wait for your transaction to process, or, even worse, for it to never be picked up by miners.

Pay taxes on your crypto assets

You are also obliged to pay taxes on your cryptocurrency assets. Therefore, always timely report the amount of crypto you have in your possession to the relevant tax authorities. This way, you avoid a situation in which you are stuck with heaps of illicit funds that you cannot transfer anywhere. Our tax page contains information about the proper treatment of crypto concerning taxes. At the time of writing, there are no countries that accept Bitcoin Cash or any other cryptocurrencies as an official currency. Nevertheless, you will have to pay taxes on the Bitcoin Cash you own. Consider, for instance, the income tax, corporate tax, asset tax and turnover tax. If something carries value and is considered capital, it needs to be reported to the tax authorities. It is your responsibility to get acquainted with the dutch bitcoin tax legislation and to comply with it.

Can I also sell Bitcoin Cash at SATOS?

SATOS also offers cryptocurrency selling services. So indeed, it’s certainly possible to sell Bitcoin Cash to us. The only thing we need from you is your bank account and the Bitcoin Cash that you would like to sell. We will take care of the rest!

Wondering what other cryptocurrencies you can buy and sell at SATOS? Take a look at these pages:

Bitcoin Cash is not anonymous

Media like to report that cryptocurrencies like Bitcoin Cash are anonymous, which renders them ideal currencies for criminal activities. However, this is definitely not the case! All transactions are stored on a public blockchain, which makes them accessible to everyone. It also allows all network users to track the transaction history of your wallets precisely. If someone manages to link your wallet to you, he/she will know exactly how much Bitcoin Cash you have in possession and will also be able to trace its origins. You are always responsible for your own privacy. Hence, think twice before you share your details with others.

Bitcoin Cash transactions are irreversible

Another unusual aspect of cryptocurrencies is that completed transactions cannot be undone. When you erroneously transfer money to a wrong bank account number, you can simply call the bank and request for the transaction to be cancelled. They will make sure that the funds reappear on your account eventually. Bitcoin Cash wallets do not work this way. There are no organisations you can call to revert erroneous transactions. The responsibility for managing your crypto assets lies entirely with you. Fortunately, more and more wallets appear on the market with additional features that make sending and receiving Bitcoin Cash extremely straightforward. Anyhow, when making a transaction, always take some time to check the recipient address. Copy the address instead of manually retyping it: it will help you avoid mistakes.

The Bitcoin Cash exchange rate is volatile

The pricing of Bitcoin Cash and other cryptocurrencies is extremely volatile. Nerves of steel are by no means a luxury when investing in Bitcoin Cash. Be aware of this. The crypto market still finds itself in an early stage of development, which will take some getting used to. Hence, it is not advisable to use this type of market to — for instance — invest all your savings in. Be cautious, reflect on your investments, and never invest more in Bitcoin Cash than you can afford. Do you want to know more about Bitcoin Cash pricing and the dynamics behind it? Then have a look at our Bitcoin Cash price analysis!

Should I use my own bank account to buy Bitcoin Cash?

This is the most efficient option, indeed. If you opt to use someone else’s bank account, we do require written approval in advance before we can accept the payment. In this case, in this case, contact us in advance.

Can you transfer my Bitcoin Cash order directly to a cryptocurrency exchange?

As can be read in our terms of use, we can unfortunately not guarantee that your cryptocurrency will arrive if you send it directly to an exchange. We therefore recommend that you always use your own wallet. If you decide to use a wallet address from an exchange, keep in mind that it can sometimes take a little longer before your order is on the exchange in your wallet. Exchanges generally wait for a number of confirmations from the network before they adjust your balance.

Can I buy Bitcoin Cash anonymously through SATOS?

No, legislation obliges us to request some of your details when placing an order. Read our KYC / AML policy for more information.

What are the costs of buying Bitcoin Cash through SATOS?

The costs are on average 1-2% of the purchase amount. These are the costs that we charge for our services. These costs depend on supply and demand and differ per crypto currency. As a rule of thumb, the larger the amount, the more favorable the exchange rate!

Can I purchase Bitcoin Cash with my credit card?

No, we do not offer this option yet. We do plan to implement this in the future.

Is there a limit to the amount of Bitcoin Cash that I can buy?

No, but SATOS does have a transaction limit of EUR 10,000. The number of transactions you can complete is unlimited, however.

Is there a minimum amount of Bitcoin Cash that I have to buy?

You can place your order from EUR 50 and up. Above this amount, the delivery charges no longer significantly influence the rate we offer for your purchase order.

How long does it take before I receive my Bitcoin Cash order?

Usually, your SATOS order will appear in your wallet within fifteen minutes. When processing your request, however, we are still dependent on banks and the traffic on the Bitcoin Cash blockchain. Are you a first-time customer at SATOS? Then we will first have to verify your bank account. This only takes a couple of minutes.

Be prepared and do your research

There are a couple of things that you need to know when you are entering the Bitcoin business. One of these is that this form of digital currency allows for a type of money exchange that is different from the one that’s used by traditional banks. Therefore, it is essential that you inform yourself about the features of Bitcoin and the workings of this cryptocurrency. Always do such research before initiating significant Bitcoin transactions. In short: treat your Bitcoins in the same careful manner as you would handle the cash in your wallet. Sometimes, you even need to be more cautious! Also have a look at our cryptocurrency knowledge base. Here we have collected a number of articles for beginning cryptocurrency users.

Consider your inheritance

Cryptocurrencies may form a significant part of your fortune. Therefore, always entrust someone within your close circle of friends with access to your Bitcoin assets. You could even share only half of the private key (your unique wallet access code) or half of your password with someone you trust, and inform a notary of the other half.

Make a backup of your wallet

When you use your Bitcoin wallet, always first make a backup. Most wallets offer a simple tool to arrange this in just a couple of steps. Is this not entirely clear to you? You can find more information about Bitcoin wallets on our dedicated wallet page. To make it easy for you, we have described a number of tips that can help you safely store bitcoin and other cryptocurrencies.

Install a good virus scanner

What’s particular about Bitcoin is that you act as your own bank. You can make transactions from person A to person B without the interference of third parties. You bear responsibility for managing your cryptocurrencies, but this also entails responsibility for securing them. That’s why you should always have a decent virus scanner installed. Prevent criminals and scammers from stealing your hard-earned cryptocurrency by reading more about known forms of bitcoin fraud.

I need assistance; what is the most convenient way to reach you?

We are available seven days per week from 10 AM to 9 PM. You can reach us through the live chat, by email, or by using social media. For frequently asked questions, please first check our support-page.

I would like to pay for my order with a business account. Is this possible?

Yes, this is not an issue, but be aware of the applicable tax legislation governing business investments. This concerns the profits of your company. For more tax information, please take a look at our tax page.

What does SATOS use my personal data for?

We understand that privacy is a key concern for you. Therefore, we drafted an entire page covering just this subject. Please have a look at our privacy policy page.

Which payment methods does SATOS accept?

Besides iDEAL, we also offer Bancontact and Belfius payment services. Do you prefer to pay using wire transfer? Then choose the ‘SEPA’ payment method.