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How to buy Bitcoin Cash with Google Pay
Why investors buy Bitcoin Cash with Google Pay
Google Pay was developed by Google as an online payment platform in order to make it simple for users to pay for goods and services. It was initially introduced in 2015 under the name Android Pay, but in 2018 it changed its name to Google Pay. Using your phone, tablet, or watch to make payments is possible with Google Pay. You can send money to friends and family members using Google Pay. A convenient method of payment, Google Pay is accepted by millions of physical and online retailers. Since Google protects your information with multiple security measures, Google Pay is also considered to be extremely secure. Also, users’ financial details are kept private when they use Google Pay to make a purchase. As of this day, more than 50 countries offer Google Pay service as a payment method. Some of Google Pay's features are:
- If you select debit or pay with an existing balance, Google Pay won't charge you any extra fees.
- The minimum transaction amount on Google Pay is $1, the weekly maximum is $20,000 and the overall maximum balance limit is $25,000.
- Up to $20,000 can be deposited each week using Google Pay into a bank account or debit card.
- It is fast, secure, and accessible worldwide
Is BCH a good investment?
Bitcoin Cash crypto (known as BCH) was released in 2017 with an initial price of $440. At the very beginning, BCH surprised everyone with its price rise to $621 in only a few months. Surprisingly, BCH set a record for the all-time highest price of $2,940 in December of the same year. It was shocking for BCH owners because, in less than a year, their investment had delivered almost 6 times the profit. However, 2018 wasn’t that good for people who decided to invest in BCH at the end of 2017, because every month the price dropped until it reached $81 per token in December of 2018. The next year wasn’t so fluctuating for BCH and almost passed with a stable price between $300 to $400. The same happened in 2020. In 2021, the BCH price again climbed and reached $1,454 per coin, and became a highly profitable investment for its owners.
BCH had ups and downs, like any other cryptocurrency. It had shown many times that it could be a profitable investment. However, no one knows what may happen to its future. Therefore, when you want to purchase this coin, you may wonder if it will be a good investment. To answer this question, you need to check several things to understand if BCH might be on growth or may fall. One of them is BCH price predictions. Crypto analysts and experts analyze the performance of crypto and other factors to forecast its future. Most analysts believe BCH's price might reach $2000 by 2030, which means it may be a good long-term investment.
Who can buy Bitcoin Cash with Google Pay
Whether a novice or an expert, anyone who uses our exchange can profit from the Google Pay payment method. The useability of our exchange is further improved, and our exchange users have access to a wider range of payment options thanks to the incorporation of Google Pay.
What is Bitcoin Cash ?
Bitcoin Cash was released in 2017 as a hard fork of Bitcoin, which means it was split from the original protocol to solve the problems regarding scalability, low speed, and high fees that Bitcoin had. Bitcoin Cash is technically and structurally similar to Bitcoin, but it can pack 4 to 8 times larger data into each block. It can also process 116 transactions per second, which means blocks are bigger, and yet the speed is higher compared to Bitcoin. Furthermore, due to its fees, Bitcoin wasn’t suitable for everyday purchases anymore. Thus, Bitcoin Cash was created as an alternative to Bitcoin for everyday use.
What is BCH
BCH is the native coin on the Bitcoin Cash blockchain. It was released alongside its network in 2017. Since it has lower fees, BCH acts like cash in everyday purchases and is known as electronic cash. Many stores and online markets accept this coin in their transactions. Although Bitcoin is still more popular than Bitcoin Cash, more and more people use BCH every day, and it seems that this coin is finding its way to the market. BCH is mineable like BTC, and the process is the same as its origin. Nonetheless, it has a maximum supply of 21 million coins. There is still a small percentage of this coin out there, which is almost equal to 5% of its max supply.
How to buy BCH with Google Pay instantly?
Using Google Pay, users can instantly buy any cryptocurrency they want through our exchange, and the money is then sent to their wallet. Furthermore, our exchange's wallet and mobile app are Google Pay compatible. This provides our users with full access to all the fast and secure tools they need to trade digital currencies on our exchange instantly.
Where can I buy BCH online with a Google Pay?
In order to help users trade Bitcoin and other forms of cryptocurrencies in a more convenient and secure way, our exchange offers Google Pay as a form of digital payment. To use this payment method, you must first log in to your account on the Blocktrade.com website. Then, choose the digital coin you want to purchase from the list of available currencies, type the amount of cryptocurrency you need to purchase in the field, and then increase your account balance with a fiat currency. At last, choose Google Pay as your payment method and add to your balance before finalizing the purchase.
Is BCH Reliable?
Since it is a fork of Bitcoin, it uses the same protocols. Therefore, the network is as reliable as Bitcoin. Bitcoin Cash uses a Proof-of-Work security mechanism, which protects this platform from attackers. However, you should keep your private information safe to prevent any problems regarding hacks or other cyber-attacks on your account. Use a safe exchange like Blocktrade and hold your coins in a secure wallet. If you want to buy BCH and keep it as a long-term investment, we recommend you choose a hardware wallet.
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FAQ
Frequently asked questions
Most investors still prefer BTC over BCH because Bitcoin is more popular and known by people. Furthermore, for people who want to spend their coins, more markets are accepting BTC. Therefore, most people might think that buying Bitcoin is better than Bitcoin Cash. However, if you want to keep your coins as an investment, it is better to compare the price and news about both to find out which one to invest in.
One of the ideal ways to easily invest in cryptocurrencies is through Google Pay. Users can quickly deposit funds from their Google Pay accounts into our licensed exchange using its safe and practical platform, which enables them to buy and sell various cryptocurrencies.
You can use Bitcoin Cash as payment for purchasing goods, even buying coffee. You can trade it with other coins or use it to create smart contracts.
There are no additional charges imposed by Google Pay over and above those assessed by your credit card company. Be aware that there are no trading fees on our exchange as well.
Many exchanges support Bitcoin Cash and let you purchase via debit or master card. One of them is BlockTrade, an exchange regulated in the EU that accepts many coins. You can do trading without any fee on this exchange. Thus, it will be the cheapest exchange you can find to buy BCH.
No. There are no products available through Google Pay that let you buy cryptocurrencies directly through Google Pay services. As a result, you must make a deposit into our legally authorized exchange, which accepts Google Pay, in order to invest in Bitcoin, Ethereum, and other crypto tokens of your choice.
