A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH)
Step 1 – Signup to CEX.io You'll first need to buy one of the major currencies. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Follow the Link below to register and getting your Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Send Your Bitcoin or Ethereum to an Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Exchange now. Every exchange has a deposit form that is similar. Bitcoin Cash (BCH) is available on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Exchange? (Just follow this manual) Make sure you have chosen the precise coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. In the case you're using a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our guide).
Step 3 – Locate (BCH) Bitcoin Cash Once your deposit has been confirmed, you will now have access to your finances and you can launch buying and trading. To purchase (BCH) Bitcoin Cash on Binance, you will want to hover over the tab which is called “Exchange” and click on “Basic”. To find (BCH) Bitcoin Cash, you will need to insert the cointype (BCH) into the search box, which is highlighted in the graphic. Make sure you have choosen the right grouping, we have highlighted this too. Click on “BCH/BTC” to go ahead.
Step 4 – Purchase (BCH) Bitcoin Cash Once you've spotted (BCH) Bitcoin Cash, you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). And now we are creating our own Limit Order. The ”Price” field will be automatically filled with the up-to-date tariff (BCH) Bitcoin Cash was traded for. You can change this to your favoured rate. The ”Amount” field is the amount of BCH you want to purchase. The ”Total” field is the whole price in Bitcoin that you'll pay for the complete amount of BCH. If you're satisfied, make a mouse click on “Buy BCH”. Your order will be filled as soon as a Vendor trades their BCH for the price you gave.
Step 5 – Withdraw Bitcoin Cash (BCH) Unless you're frequently trading, you should never keepyour crypto coins on an Crypto Trader for an extensive time frame. To take off your Bitcoin Cash (BCH), go to the tab called “Funds” and click on “Withdraw”. Bitcoin Cash (BCH) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Bitcoin Cash (BCH) by using the given drop-down box. Enter the amount of Bitcoin Cash (BCH) you would like to take off. Take into account the shown minimus/fees. Also make sure you have filled your precise withdraw address. When you're satisfied, click on “Submit”. You may be asked for verfication via email/phone ahead of a take off.