Bitcoin Cash Purchases Now Available Through Bitcoin.com Wallet For UK And Europe

Bitcoin Cash Purchases Now Available Through Bitcoin.com Wallet For UK And Europe

More than 3.8 million Bitcoin.com wallets have been created in the nearly two years since the open source light client. This platform constantly works to bring in more features for customers, though a new development on April 15^th is getting the most attention lately.

Now, clients based in both Europe and the UK have the opportunity to purchase their Bitcoin Cash without going outside of their wallet.

Announced on the news side of Bitcoin.com, the wallet's security allows consumers to store, send, and receive digital assets with a user-friendly interface for all crypto experience levels. Most recently, the wallet had added an option to use the Sideshift platform as a means for swapping between BCH and BTC. Now, users have this new purchasing opportunity to get excited about, due to the use of the Moonpay integration.

The purchases can be made with a debit or credit card, and users only need to verify their identity if their purchase exceeds €150. With identity verification, users can buy up to €5,000 worth of BCH a day and up to €20,000 of BCH a month.

Roger Ver, who is known as the CEO of Bitcoin.com and one of the earliest cryptocurrency investors, explained that having resources like this wallet feature helps to make digital currency available to a wider audience. Ver commented that they hope the available feature will “make it easy for everyone to buy Bitcoin Cash.”

The wallet from Bitcoin.com is considered noncustodial, and users do not need to perform their deposits on a centralized exchange. In that way, Bitcoin.com points out that it is a safer opportunity for consumers to purchase crypto assets. Purchased BCH goes directly from the official seller to the noncustodial light client, and doesn’t need to be left on an exchange for a long period of time to trade.

With crypto exchanges, their custodial nature means that the user finds are in control of the exchange, rather than the investor.

There have been quite a few notable exchange hacks through the last few years to show why leaving crypto assets with an exchange is not as safe as some investors hope to believe. QuadrigaCX, for example, lost over $145 million in crypto recently that investigators have yet to uncover. Bithumb had a similar fate, as hackers stole $19 million worth of cryptocurrency from the exchange.

In regard to the losses, Ver said that the reported theft have been “a big eye-opener for many people.” Even though leaving crypto assets in an exchange during transactions is nothing more than temporary, that doesn’t make it secure. However, Ver added that the new feature with the Bitcoin.com wallet will ensure that “your Bitcoin Cash is under your control from the moment you buy it.”

Wallet services with Bitcoin.com are planned to be expanded to other countries soon, but neither the countries or the date have been announced.