A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH)
Step 1 – Signup to Coinbase and get 10$ for free You will first need to buy one of the major currencies. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click below for registration and receive your welcome $10.
Step 2 – Transmit Your Ethereum (ETH) or Bitcoin (BTC) to an Exchange Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Exchange now. All exchanges have a deposit form that is alike. Bitcoin Cash (BCH) is available on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Exchange? (Just follow this manual) Make sure you have selected the precise coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. If you are working with a decentralized exchange, like Airswap or DDEX could be different (Just follow these easy steps).
Step 3 – Locate Bitcoin Cash (BCH) As soon as your deposit has been confirmed, you will directly have access to your finances and you can initiate buying and trading. To purchase Bitcoin Cash (BCH) on Binance, you will want to go to the ”Exchange” tab and after that click on “Basic”. To spot Bitcoin Cash (BCH), you will need to insert the cointype (BCH) into the search-box, which is marked in the graphic. Be certain of having selected the right pairing, we've marked this too. Click on “BCH/BTC” to continue.
Step 4 – Purchase Bitcoin Cash (BCH) Once you've discovered Bitcoin Cash (BCH), you'll be presented with a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the image). And now we're going to make our Limit Order. The field with the “Price” tag will be filled automatically with the most recent rate Bitcoin Cash (BCH) was traded for. You can change this to your favoured price. The field with the “Amount” tag is the volumen of BCH you wish to purchase. The ”Total” field is the whole price in BTC that you'll settle for the whole volumen of BCH. If you are happy, make a mouse click on “Buy BCH”. Your order will be filled as soon as a Vender trades their BCH for the price you introduced.
Step 5 – Withdraw (BCH) Bitcoin Cash Unless you're frequently trading, best advise is not to keep crypto on an Exchange for an extended time period. In order to take off your (BCH) Bitcoin Cash, hover over the tab called “Funds” and click on “Withdraw”. (BCH) Bitcoin Cash can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate (BCH) Bitcoin Cash by using the provided drop-down box. Put into the quantity of (BCH) Bitcoin Cash you would wish to take off. Take into account the presented fees/minimums. Also make sure you have filled your precise withdraw address. When you're glad, click on “Submit”. You may be asked for email/phone verification before a withdrawal.