BHC is a small but exciting cryptocurrency project running on the Binance Smart Chain (BSC). If you’re interested in BHC, this easy step-by-step guide will show you exactly how you can buy and store BHC in no time.
What is BHC?
BillionHappiness (BHC) is a community-based blockchain project and cryptocurrency focused on Defi and yield farming. Defi stands for decentralized finance and is a revolutionary new financial infrastructure providing permissionless access to millions of unbanked citizens across the world via the blockchain. Yield farming, meanwhile, is a way for Defi users to increase their returns (yields) by lending out their tokens for a set period of time.
BHC is a BEP20 (Binance Smart Chain) token that has been audited by Certik, a leader in the cryptocurrency auditing space. While smaller projects like BHC do come with a higher risk, they can also provide the possibility for higher gains under the right circumstances, should the project gain traction.
Read on to learn more about how you can buy and hold BHC in no time.
Step 1: Register on Fiat-to-Crypto Exchange
Before buying cryptocurrencies like BHC you will need to register on a fiat-to-crypto exchange that allows you to trade your fiat money for crypto. Once you have purchased a cryptocurrency of your choice on this type of exchange it will be much easier to move throughout the crypto ecosystem without permission and trade for cryptocurrencies like BHC.
We recommend using CryptoWallet as your go-to fiat-to-crypto exchange. The CryptoWallet app is easy to use and available for download on both Apple and Android devices. On top of this CryptoWallet provides a guided registration process and offers a wide array of unique features including protection by BitGo, an industry-leading custodian, and a crypto debit card that allows you to spend your crypto like regular money anywhere you can make debit payments.
After downloading the CryptoWallet app and completing registration you are ready to move on to the second step below.
Step 2: Buy BTC with Fiat Money
Once you have finished registering on CryptoWallet it is time for you to buy your first cryptocurrency. CryptoWallet offers five of the largest and most well-known cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), and Tether (USDT). Best of all CryptoWallet allows you to buy any of these cryptocurrencies using your debit or credit card for a fast and easy process.
After purchasing one of these large-cap cryptos with your debit or credit card you will be able to trade this crypto for BHC in the next step.
For now, we recommend purchasing BTC, to begin with, since it is the most widely accepted cryptocurrency which will make the process of finding an altcoin exchange to trade for BHC in the next step that much easier.
Now that you have your BTC you are ready to learn how to trade it for BHC in the next step.
Step 3: Transfer BTC to an Altcoin Exchange
BHC is currently supported by several altcoin exchanges including MEXC and ProBit. You should do your own research to find which is offering the best exchange rate for trading BTC to BHC at the time you are reading this.
Once you have selected which altcoin exchange you will use, you will need to sign up for that exchange. Since fiat money is not involved and you will only be trading crypto-to-crypto from here on out, the sign-up process should be noncomplicated, fast, and easy.
After you finish signing up you can send your BTC for the trade by finding your BTC receive address on the new exchange and copying that address to then paste into the ‘Send To’ field on the CryptoWallet app.
It will likely take 15-45 minutes for your BTC to arrive on the altcoin exchange, after which you can search for the BTC/BHC trading pair and execute your trade. Congratulations, you now officially own BHC.
Step 4: Store BHC Securely
Even small amounts of cryptocurrency have the potential to significantly rise in value so it is important that you consider secure options to store your BHC.
There are generally two options for storing cryptocurrencies: software (online) wallets and hardware (offline) wallets, each coming with its own tradeoffs. Software wallets are free to use, easy, and convenient. A software wallet is usually the best choice if you are storing small to medium amounts of crypto and want easy access to it. Hardware wallets, on the other hand, are the most secure option since they keep your keys offline. However, hardware wallets can be expensive and more difficult to use, particularly if you require regular access.
CryptoWallet is an example of a software wallet that prioritizes security as well as convenience. All funds stored in CryptoWallet are protected by BitGo, a leader in the digital asset security space. CryptoWallet also has a wide array of features including its crypto debit card which makes spending your crypto as easy as using a debit card anywhere that accepts debit payments. Unfortunately, CryptoWallet is focused on major large-cap cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), and Tether (USDT), and not smaller niche currencies such as BHC.
For a hardware wallet, you may want to consider a Ledger or a Trezor. Both of which are reputable, widely available, and offer options that support BSC tokens such as BHC.
Other Useful Tools for Trading BHC
Other useful tools for trading BHC include price-feed tools like CoinGecko.com and CoinMarketCap.com which provide you with a real-time price chart and statistics such as current market cap and trading volume. In addition to this, CoinGecko and CoinMarketCap will provide you with a list of exchanges currently trading BHC as well as the trading pairs they support (for example BTC to BHC or USDT to BHC, etc).
If you prefer, you can also trade for BHC on a Binance Smart Chain decentralized exchange (DEX) such as PancakeSwap. Decentralized exchanges allow you to execute trades directly from your chosen wallet without needing to rely on and give up custody to an exchange.
Can I buy BHC with cash?
Unfortunately, you cannot buy niche cryptocurrencies like BHC directly with cash. However, a cash-like way to purchase BHC is to use your debit or credit card to purchase BTC on CryptoWallet and then trade that BTC for BHC on an altcoin exchange.
Are there any quick ways to buy BHC in Europe?
The quickest way for you to buy BHC in Europe is to use the CryptoWallet app which will allow you to buy Bitcoin (BTC) directly with your debit or credit card. Once you have completed this purchase you can easily swap your BTC for BHC on an altcoin exchange.
Are there any alternative platforms to buy BHC or Bitcoin with credit cards?
While the combination of CryptoWallet and an altcoin exchange that supports BHC is likely the easiest and best option to purchase BTC with a credit card and then swap that BTC for BHC, other options may exist. You should do your own research as to which option is best for you and what the potential trade-offs are for your chosen platform.