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cryptopuppy
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How would I start purchasing BCH in small amounts if I want to hold my own keys?

Sat Dec 02, 2017 4:35 am

After the continuing craziness that is Coinbase Bank, I'm wondering how I would go about purchasing BCH in small volume while at the same time being able to control my keys?

Thanks!

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Decoded
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Re: How would I start purchasing BCH in small amounts if I want to hold my own keys?

Sat Dec 02, 2017 5:06 am

Good to see you being aware about the security of your money.

Coinbase is a reputable company (in my eyes), as they are registered as a financial institution, and are insured. I would certainly keep my money with them if I wasnt using a hardware or multisig wallet, over an unregistered exchange.

Not sure if there's a multisig BCH wallet (I think Bitcoin.com's wallet supports multisig on the BCH network so try that). I would definitely recommend investing in something like a Ledger HW.1 or W Goochain Citadelle (I think the latter bought the design of the former quote recently, that's why they look the same). They're $20 and are basically the go-to for security. Wallets like a Trezor or a Nano S look better and add optional functionality. The core security concept is the same.

Once youve got the storage done right, you can easily go onto an exchange and buy BTC, then use Shapeshift.io to convert that to BCH. Depending on your location also, you could deposit to a site that exchanges your local currency to BCH directly too. Whatever works the best. Then, all you have to do is transfer it to the address of your BCH wallet. All done!
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