The premier trading app Oobit has added another top performing cryptocurrency to their repertoire. Users can now instantly buy and sell Bitcoin Cash (BCH) with their debit or credit card, and store it either in the platform’s military-grade wallet or send it directly to an already established wallet. As Oobit adds Bitcoin Cash (BCH) to its platform, we uncover why and how users can now access the cryptocurrency.
What Is Bitcoin Cash?
Bitcoin Cash is a hard fork of the original Bitcoin blockchain that the founders established in order to improve some of its functionalities. Designed to be more user friendly and accessible in the everyday world, the newer cryptocurrency offers faster transaction times at less of the cost. Created in 2017 following an internal dispute in the Bitcoin community, BCH was created to be more of a transactional currency than a digital investment. By increasing the block size from 1MB to 8MB, Bitcoin Cash’s network is able to process more transactions per second.
How Can I Buy Bitcoin Cash?
Users looking to purchase this top 5 cryptocurrency can do so easily with Oobit. All you’ll need is a valid ID and bank card.
Go to https://buy.oobit.com/start and enter your email address.
Select Bitcoin Cash (BCH) from the dropdown menu and enter the amount that you would like to buy. You have two options, either enter the amount you’d like to spend (in USD) or enter the amount of BCH you’d like to buy. Toggle between the two options above the Amount box.
The summary will give you both figures in their respective currencies.
Next you’ll need to enter your Bitcoin Cash wallet address. Once you’ve entered your BCH wallet address, click Buy Now.
For security purposes and to comply with laws and regulations, you’ll need to enter personal information to comply with the KYC standards. You’ll need to fill in information like your first and last name, as well as your date of birth and address. You will then be asked to verify this information with a government issued ID (step 6).
As mentioned in the previous step, the KYC procedure requires users to verify their identity with a document of their choice. Please select either passport, ID, or residence permit. For each option there will be various tips on how to photograph your ID.
Lastly, you’ll need to verify these documents with a picture of yourself. The platform has integrated leading technology to ensure that the process is as smooth and efficient as possible. Simply position your face in the two oval circles and you’re done.
Now that your KYC is approved, you can enter your credit card details and proceed with your purchase. Enter your banking card information in the boxes provided.
The bank will then verify that the details on your card are correct and the transaction will be completed. Once the transaction has taken place, the BCH will be transferred directly to your wallet.
Fast Access To Bitcoin Cash
As Oobit adds Bitcoin Cash (BCH) to its platform users can now take full advantage and make use of this simple and easy gateway. By simply using a credit or debit card, users can use crypto with the same ease as traditional currencies.