How to Buy Bitcoin Cash on Bittrex: A Step-by-Step Guide

Bitcoin Cash emerged on August 1st as a fork from the original Bitcoin blockchain, quickly becoming one of the most talked-about cryptocurrencies in the market. If you're looking to add this digital asset to your portfolio through Bittrex, here's exactly how to do it.

Getting Started with Your Purchase

The process is more straightforward than you might think. You'll be using your existing Bitcoin balance to acquire Bitcoin Cash, which is a common trading pair on the platform.

First, log into your Bittrex account and navigate to the Wallets section. Scroll through your available cryptocurrencies until you find Bitcoin Cash, listed under the ticker symbol BCC. Click on it to proceed.

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Making the Exchange

Now you're at the trading interface. This is where you'll convert your Bitcoin into Bitcoin Cash. Let's walk through a real example: say you want to exchange 0.01895 BTC (roughly $53 at current rates) for approximately 0.1963 BCC.

Look for the buy section on the trading page. You'll need to:

• Enter the amount of Bitcoin you want to spend

• Review the exchange rate being offered

• Calculate how much Bitcoin Cash you'll receive

The platform automatically shows you the conversion in real-time, so you can see exactly what you're getting before committing.

Confirming Your Transaction

Before finalizing anything, Bittrex displays a confirmation screen. This shows your total expected Bitcoin Cash amount after trading fees are deducted. Take a moment to review these details—the fees are usually minimal but worth noting.

Click Confirm when you're satisfied with the numbers. The transaction processes almost instantly in most cases.

To verify everything went through, head over to the Orders menu. You should see your completed transaction listed there, and your Bitcoin Cash balance should now be visible in your wallet.

Setting Up Automatic Profit-Taking

Bitcoin Cash is known for its volatility, which can work in your favor or against you. Rather than constantly monitoring prices, you can set up an automatic sell order.

Navigate back to the Bitcoin Cash trading page, but this time focus on the Sell section. Here's where you can program a take-profit order. For instance, if you bought at 0.0963 and want to secure a 50% gain, you'd set your sell price at 0.15.

Enter the full amount of BCC you want to sell (in our example, that's 0.1963 BCC) and your target price. Click Sell Bitcoin Cash and confirm the trading fee in the popup window.

Check your Orders section again—you'll now see a pending sell order at your specified price. The exchange will automatically execute this when the market reaches your target.

This approach lets you capitalize on Bitcoin Cash's price swings without being glued to your screen. Your profits lock in automatically when conditions are right.