How to sell Bitcoin Cash (BCC or BCH)


I recently wrote two articles; one outlining the background to the scaling debate and recent near-forks, the other about Bitcoin Cash and how Luno will (and won’t) support it.

Update: you can now instantly sell your Bitcoin Cash on Luno, without the need to send it to another platform. Information further down.

In a nutshell: forking a digital currency is taking the rules of the current currency and saying from a certain point in time, that the original rules will still be applied to the original currency –the rules governing sending the currency, storing it, processing the transactions and so on– and that a new set of rules will be implemented for the new currency. So, if you have one coin of the original currency before the fork, you’d have one of those, but also one of the new ones. Bitcoin Cash came into existence on 1 August 2017 and most Bitcoin platforms are now starting to show their customers’ Bitcoin Cash (abbreviated as BCC or BCH, depending on the platform).

It’s not all that difficult to create or fork into existence a newer (or even better) digital currency. Anyone can do so. The “trick” is having groups of developers working over a decade on refining the open software, startups and companies create platforms compatible with wallets all over the world and creating an entire ecosystem that underpins a currency.

Bitcoin has the most mining power in the world, the most wallets, the most businesses that have it integrated and the most consumers that use it to transfer and store wealth, the most governments and banks that understand it, the most consumers with access to it, and the most use cases for using it as a store of wealth or a medium of exchange. For every Bitcoin, in theory, there may now one Bitcoin Cash, but the long term prospects and viability of the new currency seems rather pointless and dull.

Bitcoin Cash implemented larger block sizes, aimed at solving the problems the Bitcoin network congestion. But a there are already a tonne of small currencies that process  faster payments, but they don’t risk de-throning Bitcoin anytime soon. I believe Bitcoin Cash will just become (or remain) a low market-cap altcoin without significant miner support, without significant momentum and without significant use cases. Something that just piggybacked of some early news and distribution and will probably go down in value over time.

Price of Bitcoin Cash

After the first exchanges added the currency to their platforms, the price of Bitcoin Cash skyrocketed north of $700 USD. It has since been on a steady decline. The reason is probably pretty obvious: people probably don’t really believe in the long-term prospects of the project and are happy with the “free money”, where they can still sell their tokens for a few hundred buck a piece.


Other than the digital currency platforms that signaled support for Bitcoin Cash trading (between the BCH tokens and, say, Bitcoin or the US dollar), most Bitcoin platforms still haven’t enabled BCH withdrawals yet.

But, more and more people are logging into their Bitcoin platforms, seeing a notice that they now have Bitcoin Cash available and are asking:

So, how do I sell my Bitcoin Cash?

Step one: get a Bitcoin Cash receive address

Have a look at the Bitcoin Cash Markets page on CoinMarketCap. It shows the volume of Bitcoin Cash traded against other currencies (Bitcoin being the most popular one) and the estimated price it is trading at, in USD.

bitcoin cash markets

Step two: find out if they allow deposits yet

Despite many of the Bitcoin Cash platforms trading the currency, not all of those platforms allow you to deposit or withdraw BCH tokens yet.

Note that some platforms use BCC and others use BCH for Bitcoin Cash. They are the same thing. Most are going for BCH, since BCC was used by an earlier, dubious coin called Bitconnect

Since Bittrex has the highest volume, let’s go with them.

Step three: sign up for an account

Since we will be trading Bitcoin Cash for Bitcoin (and not a local or fiat currency like Chinese yuan or US dollar), most platforms won’t require lengthy ID-verification processes. In this case, we’ll just need an email address and a unique password (and two-factor authentication if we’re going to leave the Bitcoin on the new platform).

Step four: get your Bitcoin Cash receive address

This is super important: don’t send Bitcoin to a Bitcoin Cash wallet (nor vice versa). You risk losing your money that way. Bitcoin goes to a Bitcoin wallet and Bitcoin Cash to a Bitcoin Cash wallet.

On Bittrex, click on Wallets and search for “Bitcoin Cash” (or BCC). Press the plus button (since we want to add Bitcoin Cash to our Bittrex account)

bittrex bitcoin cash

You will be able to generate a new Bitcoin Cash wallet address. Copy it.


Step five: go send your Bitcoin Cash

On Luno (or whatever platform you’re using) navigate to your Bitcoin Cash wallet or notification area. You should see a “send” or “withdraw” button.

Luno’s Bitcoin Cash notification card

On the next screen, enter the amount you want to send and paste the Bitcoin Cash wallet address from the previous step:


Step six: wait

Many miners dropped support for Bitcoin Cash and, at times, over 12 hours have passed between the mining of blocks. Your receiving platform (Bittrex in this demo) may require three confirmations.

Additionally, most sending platforms (Luno, in this demo) don’t have systems to automatically send the tokens and may only do so in batches during business days.

Regardless, you’ll have to wait a bit.

Step seven: sell

Once your Bitcoin Cash arrives on Bittrex, you’ll be able to trade it. Do so by clicking:

  • the Bitcoin markets area at the top left,
  • searching for Bitcoin Cash, and
  • clicking the BCC link


Or, you can just go to this handy link:

Have a look at the order book to get an idea of what the market of buyers and sellers (of BCC tokens, on Bittrex) looks like in the bids and asks.


Using the data in the graph above, on the left, top line, we can see that there is a trader (or group of traders) that has a bid price of 0.05980070 Bitcoin (which, at time of writing is about $194.35 USD) on an order to buy 27 Bitcoin Cash tokens. This means, that if you wanted to sell up to 27 BCC right now, you will be able to do so and you will get ~0.059 BTC per BCC sold (minus some fees that the platform may charge). If you wanted to sell more, instantly, you’ll have to work your way down in the order book and get a progressively worse (lower) price for each Bitcoin Cash token thereafter.

On the right, top line, you can see the best ask: a trader wants to sell 0.01419440 Bitcoin Cash tokens at a price of 0.06047589 Bitcoin (or $196.50 USD) per BCC.

Now, you need to decide if you’re willing to sell your tokens at the best bid price or if you want to set a price a little higher (hoping that a buyer will come by and close your order). This is the maker-taker model: if you “take” an order from the market you’re guaranteed your price, but exchanges also charge a higher fee on those. Alternatively you can “make” an order at a slightly higher price, add liquidity to the market and be rewarded by a lower fee (and hopefully a higher amount of money in your pocket if your order closed).

Since I don’t really want to monitor the market, I’ll just sell at the best bid and get it over and done with.

Once all your trades have closed, you should have a balance of zero Bitcoin Cash and some Bitcoin.

Step eight: withdraw your Bitcoin

bitcoin withdrawal bittrex

  1. Click the Wallets section (top right) and search for Bitcoin
  2. Click on the minus/withdraw button
  3. Go to Luno > Wallets > Bitcoin wallet > Addresses
  4. Copy your Bitcoin receive address
  5. Paste the address in Bittrex and
  6. Enter the amount of Bitcoin you want to withdraw


Step nine: sell your Bitcoin (if you want to)

Since I believe in the long term prospects of Bitcoin, I’ll just keep it on Luno and sell it for South African rand if and when I need it.

Sell your bch on luno

Luno just added the ability, for verified account holders, to sell Bitcoin Cash for Bitcoin, right on the Luno platform. As mentioned before, do your homework and see which Bitcoin Cash markets offer the best exchange rate. That said, this “instant sell” feature in Luno is the easiest, by far.

Thanks for reading! Let me know if you have comments or if I missed anything.

About the author

Werner van Rooyen

Formerly Business Development and Marketing at Luno (where we went from eight nerds in a tiny office to hundreds of people spread over three continents) and before that Marketing at PayFast. Currently investing, paragliding, and doing research, mostly in Mexico.


  • Hi Werner,

    I have South African Luno account and it displays the Bitcoin cash as “BCH” in my BCH wallet.

    In step four you say:

    “On Bittrex, click on Wallets and search for “Bitcoin Cash” (or BCC). Press the plus button (since we want to add Bitcoin Cash to our Bittrex account)”

    If I have a Luno account that displays a BCH balance can I use Bittrex and get a Bittrex BCC (Bitcoin Cash wallet address) in order to exchange my BCH from Luno into BTC (Bitcoin)?

    Thanks Justin

    • Hey Majid, if you send 0.24 Bitcoin Cash from one wallet (like Luno) you will receive 0.24 Bitcoin Cash (not US dollar) in the other wallet (like Bittrex). You will still need to convert the 0.24 Bitcoin Cash into Bitcoin (or USD or any other supported currency).

      Note that Luno just added the feature where you can sell your BCH right in the platform for BTC:

        • Hey Majid,

          On Bittrex (or any exchange platform), you can create an order –say, to sell 0.24BCH for a certain amount of dollar or Bitcoin. That order will remain open (and you’ll be able to cancel it), unless another trader went and closed the order (gave the certain amount of dollar or Bitcoin to buy your 0.24 BCH).

          I’d encourage you to reach out to Bittrex Support if you have specific questions about your order and how to cancel it. Hope this helps.

  • Hi Werner, I want to buy an Ant Miner from Bitmain, but can only pay with BCH. I have enough BTC to pay for it, but no BCH. How do I exchange BTC for BCH on Luno?

    • Hey Piet, I’ve had this question before. You can use a service like Changelly. You will need to ask Bitmain for their BCH wallet address and the BCH amount you need to send them. Then, on Changelly, you’ll go through the steps: how much Bitcoin cash (they call it BCC other places call it BCH) do you want to buy / how much Bitcoin (BTC) do you want to send. Give them Bitmain’s wallet address and confirm.

      Alternatively, you can download a Bitcoin Cash wallet (I can’t make any recommendations) and use Changelly to buy the Bitcoin Cash (with your Luno-bought Bitcoin).

      Important: don’t send Bitcoin to a Bitcoin Cash wallet address (or vice versa), your funds will be lost.


    • Hey Marthie! Right now, you will only be able to use Bitcoin cash (BCH) on Luno if you had Bitcoin (BTC) before the BCH fork. If you did, you would have received an equal amount of BCH as BTC you held before the fork (and then you can sell or send the BCH).

      Luno doesn’t currently support buying or receiving BCH. This might change in future, but in the meanwhile, you will need to use a platform that supports Bitcoin Cash. You could try So, you’ll need to go into your CEX account, select Finance > Deposit Bitcoin. Then, from your Luno wallet, you can send your BTC (very important: only send BTC from Luno to a BTC address on CEX and vice versa). Once your BTC is on CEX, you can use it to buy BCH (or other supported currencies). You will see the BCH/BTC pair under “Trade” on CEX.

      Luno will keep monitoring Bitcoin Cash and send an update if receiving and buying will get added to the platform!

  • Hi Werner

    Thanks for the awesome Blog.

    Quick question, My BCC was sold on Bittrex and looks like it was converted into USDT.
    Is there any way to convert that into BTC so that i can send it to my South African Luno Account?


      • Thanks Werner.

        Another question: I have exchanged my tether (USDT) for Bitcoin (BTC), but now i cant do any verification on my account which means i cant transfer my bitcoins to Luno.

        I have noticed that thousands of people have this problem and there is no response from the Bittrex Support team. Do you perhaps know a quick way to resolve this?

        Thanks for the help

        • Hey Jayson,

          Most Bitcoin platforms are seeing an incredible amount of interest (which translates to an incredible amount of customer signups and verification requests). Sadly, there’s not much you can do but wait until you get verified. Hopefully, the price of Bitcoin will be higher by the time you get to sell your BTC!

  • Hi Werner

    Extremely useful post.

    I would like more info about Luno and BCH, specifically…

    1. Can Luno be used to make BCH payments to bitmain?
    2. Does Luno have a feature which allows you to trade BTC for BCH ?

    I look forward to your response


    • Hey Imraan, thanks a lot! Quick answers:

      1. No. You will need to buy BCH (with Changelly or some other platform) with your Luno-bought Bitcoin. You will need to send the BCH to Bitmain (don’t send it to a BTC address on Luno, the funds will be lost, the two blockchains are incompatible).
      2. If you had BTC before the fork, you would have received an equal amount of BCH. There isn’t currently a way to trade BTC for BCH on Luno.

      Hope this helps!

  • His

    I am new to bitcoin and would like to buy some bitcoin cash…how do I go about it… I am currently using Luno in South Africa

  • I’m one of those idiots that sent my BCH to my BTC wallet. I have had emails back and forth with Luno and still no clear answer other than toughies….your mistake….your loss. All I want to know is what happens to that money. Will I ever get it back or is its gone? I want to know why Luno can’t reject the transaction and send it back to blockchain? Every other wallet offers some sort of solution for these error. Instead all I get is scripted answers and loads of frustration.

    • Sadly, you won’t be able to recover your funds :-( Your BCH will remain locked up (Luno won’t send or spend it). Although it is technically possible to recover the funds, it will take Luno a lot of resources (engineering, audit/finance, support staff, operational securing and transfer of funds to send out) to do so. It’s almost like sending someone a package, but you sent it to the wrong address, in another country, and they’re the only ones with the key. So, they can recover it, it just comes at an unrealistically high cost. It’s not that they don’t want to help, it’s just that all resources are needed elsewhere. Maybe, in future, if there are enough people in your (unfortunate) position, they will spend the two weeks to build a secure recovery mechanism. In the meanwhile, it’ll remain locked up.

      Really sorry about that!

    • You can make deposits from any South African bank to Luno and make withdrawals from Luno to any South African bank.

About me

Werner van Rooyen

Formerly Business Development and Marketing at Luno (where we went from eight nerds in a tiny office to hundreds of people spread over three continents) and before that Marketing at PayFast. Currently investing, paragliding, and doing research, mostly in Mexico.