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, Bittrex offers a straightforward way to make your first purchase.

The process is simpler than you might think. Let me walk you through exactly how to buy Bitcoin Cash on this exchange, from locating the trading pair to setting up an automated profit-taking strategy.

Locating Bitcoin Cash in Your Bittrex Account

First things first: log into your Bittrex account and head to the Wallets section. You'll find Bitcoin Cash listed under its ticker symbol BCC. Click on it to access the trading interface.

Converting Bitcoin to Bitcoin Cash

Once you're on the Bitcoin Cash trading page, you'll see the buy interface where you can exchange your existing Bitcoin balance for BCC. In this example, we're converting 0.01895 BTC (roughly $53 at current rates) into 0.1963 BCC.

The platform shows you the real-time exchange rate and calculates exactly how much Bitcoin Cash you'll receive. When crypto trading feels overwhelming with all the options out there, having a reliable platform makes all the difference. 👉 Exchange Bitcoin for Bitcoin Cash instantly with competitive rates through services that prioritize fast transactions and transparent pricing.

Confirming Your Purchase

The confirmation screen displays the total amount you'll receive after deducting the trading fee. Review the details carefully, then click Confirm to execute the trade.

You can verify the transaction completed successfully by checking the Orders menu, where you'll see your Bitcoin Cash credited to your wallet.

Setting Up an Automated Take-Profit Order

Given Bitcoin Cash's high volatility, you probably don't want to watch the charts 24/7. Here's where automated orders come in handy.

Navigate back to the BCC trading page and find the Sell Bitcoin Cash section. Let's set up a take-profit order that automatically sells your entire position (0.1963 BCC) when the price hits 0.15 BTC – that's roughly 50% above our purchase price of 0.0963 BTC.

Enter your target price, specify the amount you want to sell, and click Sell Bitcoin Cash. A window pops up showing the trading commission. Confirm it, and your order sits in the queue, waiting for the price to reach your target.

Head back to Orders to verify your pending sell order is active at 0.15 BTC.

Managing Your Bitcoin Cash Position

With your purchase complete and a profit target in place, you've successfully navigated your first Bitcoin Cash trade on Bittrex. The automated order means you can step away from the screen while still having a strategy in place to lock in gains if the market moves in your favor.

Remember that cryptocurrency markets move fast. Whether you're holding for the long term or trading actively, understanding how to execute these basic operations gives you control over your investment decisions.