A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH)
Step 1 – Signup to CEX.io You'll first need to buy units of the bigger coins. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Follow the Link below to register and receive your ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Send Your Ethereum (ETH) or Bitcoin (BTC) to an Cryptocurrency Exchange Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. Bitcoin Cash (BCH) is obtainable on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this manual) Make sure you have selected the correct coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so on. In the case you're working with a decentralized exchange, like Airswap or DDEX could be opposed (Follow our how-to).
Step 3 – Find Bitcoin Cash (BCH) Once your deposit has been verified, you will immediately have access to your assets and you can start buying and trading. To invest in Bitcoin Cash (BCH) on Binance, you will want to go to the tab which is called “Exchange” and mouse click on “Basic”. To discover Bitcoin Cash (BCH), you will need to insert the cointype (BCH) into the search box, which is highlighted in the image. Make sure you have choosen the correct pairing, we've highlighted this also. Click on “BCH/BTC” to go on.
Step 4 – Buy Bitcoin Cash (BCH) After you've discovered Bitcoin Cash (BCH), you will be presented with a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). And now we are making our own Limit Order. The ”Price” field will be filled with the recent rate Bitcoin Cash (BCH) was traded for. This can be changed to your desired rate. The field with the “Amount” tag is the quantity of BCH you wish to buy. The field with the “Total” tag is the whole price in Bitcoin that you'll pay for the complete quantity of BCH. If you're glad, click on “Buy BCH”. Your plan will be filled as soon as a Vendor sells their BCH for the price you introduced.
Step 5 – Withdraw Bitcoin Cash (BCH) Unless you're trading, you should never keepyour coins on an Crypto Trader for an extended period of time. To take off your Bitcoin Cash (BCH), go to the ”Funds” tab and click on “Withdraw”. Bitcoin Cash (BCH) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Bitcoin Cash (BCH) by using the given drop-down box. Put into the volumen of Bitcoin Cash (BCH) you'd wish to take off. Don't forget the shown fees/minimums. Also make sure you have filled your precise withdraw address. When you're glad, make a mouse click on “Submit”. You may be requested for phone/email verification before a withdrawal.