A Step-by-Step-Guide on how to buy sBCH (SBCH)
Step 1 – Join CEX.io In the beginning you'll need to buy units of the top-tier currencies. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Click the button below for registration and getting 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. Every exchange has a deposit form that is similar. sBCH (SBCH) is available on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this guide) Make sure you've selected the correct coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our guide).
Step 3 – Locate sBCH (SBCH) As soon as your deposit has been verified, you will instantly have access to your funds and you can initiate purchasing and trading. To buy sBCH (SBCH) on Binance, you will want to hover over the tab which is called “Exchange” and mouse click on “Basic”. To discover sBCH (SBCH), you will need to insert the cointype (SBCH) into the search box, which is marked in the image. Make sure you have selected the right grouping, we've marked this also. Click on “SBCH/BTC” to progress.
Step 4 – Purchase sBCH (SBCH) As soon as you have discovered sBCH (SBCH), you will be given a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). For now we are going to create our Limit Order. The field with the “Price” tag will be filled with the most latest tariff sBCH (SBCH) was sold for. You can change this to your desired price. The field with the “Amount” tag is the amount of SBCH you want to buy. The field with the “Total” tag is the whole price in Bitcoin that you'll settle for the complete amount of SBCH. If you are happy, make a mouse click on “Buy SBCH”. Your plan will be filled when a Vendor trades their SBCH for the price you offered.
Step 5 – Withdraw sBCH (SBCH) Unless you are trading, never keep your crypto on an Crypto Exchange for an extended period of time. To take off your sBCH (SBCH), go to the ”Funds” tab and click on “Withdraw”. sBCH (SBCH) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find sBCH (SBCH) by using the provided drop-down box. Enter the volumen of sBCH (SBCH) you'd wish to take off. Take into account the displayed fees/minimums. Also make sure you have filled your right withdraw address. When you are glad, click on “Submit”. You could be asked for phone/email verification ahead of a withdrawal.