A Step-by-Step-Guide on where to buy Bitcoin Cash (BCH)
Step 1 – Join CEX.io In the beginning you'll need to purchase one of the bigger coins. Exchanges normally accept either Bitcoin or Ethereum in exchange for Altcoins. Click below for registration and getting your Ethereum or Bitcoin.
Step 2 – Transfer Your Bitcoin or Ethereum to an Crypto Trader Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. Bitcoin Cash (BCH) is accessible on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this how-to) Make sure you've chosen the right coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, et cetera. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our how-to).
Step 3 – Locate Bitcoin Cash (BCH) As soon as your deposit has been approved, you'll directly have access to your finances and you can launch buying and trading. To purchase Bitcoin Cash (BCH) on Binance, you will want to hover over the tab which is called “Exchange” and mouse click on “Basic”. In order to find Bitcoin Cash (BCH), you'll need to insert the cointype (BCH) into the search box, which is marked in the image. Make sure you have choosen the right grouping, we've marked this too. Click on “BCH/BTC” to continue.
Step 4 – Purchase Bitcoin Cash (BCH) As soon as you've found Bitcoin Cash (BCH), you'll be presented with a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). Next we're creating our Limit Order. The ”Price” field will be automatically filled with the most up-to-date valuation Bitcoin Cash (BCH) was traded for. This can be changed to your desired price. The field with the “Amount” tag is the quantity of BCH you wish to purchase. The field with the “Total” tag is the total price in BTC that you'll settle for the complete quantity of BCH. When you are satisfied, click on “Buy BCH”. Your order will be filled when a Vender sells their BCH for the price you introduced.
Step 5 – Withdraw Bitcoin Cash (BCH) Unless you're trading, best advise is not to keep coins on an Cryptocurrency Exchange for an longer period of time. To take off your Bitcoin Cash (BCH), hover over the ”Funds” tab and mouse click on “Withdraw”. Bitcoin Cash (BCH) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Bitcoin Cash (BCH) by using the given drop-down box. Put into the volumen of Bitcoin Cash (BCH) you'd wish to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have filled your right withdraw address. When you're satisfied, click “Submit”. You may be requested for verfication via email/phone ahead of a take off.