Bitcoin Cash (BCH) has rapidly emerged as a top cryptocurrency since its inception in August 2017. Currently ranking fourth in market capitalization and second in price after Bitcoin, BCH presents a lucrative opportunity for traders. This guide explores step-by-step methods to sell Bitcoin Cash securely and efficiently.
Key Methods to Sell Bitcoin Cash
1. Trading BCH for Other Cryptocurrencies
Supported Platforms:
- Poloniex and Bittrex (listed as 'BCC') allow BCH trades for Bitcoin (BTC), Ethereum (ETH), or Tether (USDT).
- Changelly and ShapeShift offer instant swaps without KYC verification.
👉 Compare exchange rates for BCH trading
Steps:
- Transfer BCH to your exchange wallet.
- Place a sell order (limit/market).
- Receive the exchanged cryptocurrency.
Tip: Use hardware wallets for large holdings to enhance security.
2. Selling BCH for Fiat Currencies
Top Exchanges:
| Exchange | Supported Fiat | Withdrawal Fees |
|----------|----------------|------------------|
| Coinbase | USD only | Variable |
| Kraken | USD, EUR | €0.09–€60 |
| Cex.io | USD, EUR, GBP | Card/bank fees |
Process:
- Verify identity (KYC).
- Link a bank account.
- Withdraw via SEPA, SWIFT, or card transfers (1–7 days processing).
👉 Explore fiat withdrawal options
3. Peer-to-Peer (P2P) Sales
Platforms:
- LocalBitcoinCash: Escrow-protected trades (face-to-face or online).
- Meetup.com: Find local BCH communities for offline deals.
Safety Tips:
- Use escrow services.
- Meet in public spaces.
- Verify transaction details before finalizing.
Safety and Best Practices
- Never store large amounts on exchanges (risk of hacks).
- Use strong, unique passwords for trading accounts.
- Double-check addresses—BCH transactions are irreversible.
FAQs
Q1: How long does it take to sell BCH on an exchange?
A1: Instant for crypto-to-crypto trades; 1–7 days for fiat withdrawals.
Q2: Are there fees for selling Bitcoin Cash?
A2: Yes, exchanges charge trading (0.1%–0.5%) and withdrawal fees (varies by method).
Q3: What’s the safest way to sell BCH?
A3: Use reputable exchanges with 2FA or P2P platforms with escrow.
Q4: Can I sell BCH without ID verification?
A4: Only for crypto-to-crypto trades (e.g., Changelly). Fiat sales require KYC.
Q5: Should I sell my Bitcoin Cash now?
A5: Assess market trends, project fundamentals, and personal financial goals.
Final Thoughts
Bitcoin Cash offers multiple selling avenues—each with unique pros and cons. Prioritize security, compare fees, and stay informed about market dynamics.
Ready to trade? 👉 Start with a trusted exchange