How to Buy Bitcoin Cash (BCH)

A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH)

Step 1 – Join Kraken

You will first need to buy units of the bigger coins. Exchanges usually accept either Bitcoin or Ethereum in exchange for alternative Coins. Click the button below to register and receive ETH (Ethereum) or BTC (Bitcoin).

Binance Signup
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Trader

Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Exchange now. Every exchange has a deposit form that is identical. Bitcoin Cash (BCH) is obtainable on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Trader? (Follow this manual)

Make sure you've selected the correct coin you want to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow these easy steps).

Step 3 – Find Bitcoin Cash (BCH)

As soon as your deposit has been verified, you'll immediately have access to your assets and you can begin invest and trading. To purchase Bitcoin Cash (BCH) on Binance, you will want to hover over the ”Exchange” tab and after that mouse click on “Basic”.

To find Bitcoin Cash (BCH), you'll need to insert the cointype (BCH) into the search-box, which is marked in the image. Be certain of having choosen the correct grouping, we've highlighted this too. Click on “BCH/BTC” to progress.

Binance Hot To Buy Bitcoin Cash (BCH)
Binance How to Buy (BCH) Bitcoin Cash
Step 4 – Purchase Bitcoin Cash (BCH)

Once you've discovered Bitcoin Cash (BCH), you will be presented with a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the image). Next we are creating our own Limit Order.

The ”Price” field will be filled automatically with the most recent valuation Bitcoin Cash (BCH) was traded for. This can be changed to your favoured rate. The ”Amount” field is the volumen of BCH you want to buy. The field with the “Total” tag is the whole price in Bitcoin that you'll settle for the complete volumen of BCH.

When you are satisfied, make a mouse click on “Buy BCH”. Your order will be filled when a Vender sells their BCH for the price you submitted.

Step 5 – Withdraw Bitcoin Cash (BCH)

Unless you're frequently trading, never keep your crypto on an Crypto Exchange for an extensive time period. To withdraw your Bitcoin Cash (BCH), go to the ”Funds” tab and click on “Withdraw”. Bitcoin Cash (BCH) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find Bitcoin Cash (BCH) by using the provided drop-down box. Drop in the quantity of Bitcoin Cash (BCH) you would wish to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have entered your precise withdraw address.

When you're glad, click on “Submit”. You may be requested for email/phone verification ahead of a take off.

Binance Withdraw

Congratulations! You have successfully purchased and safed Bitcoin Cash (BCH).

That's it!

Take offs from Exchange can take anywhere from 1 – 30 minutes (rely on network usage). Once you've confirmed your withdrawal with Ethplorer.io or Etherscan.io and the (BCH) Bitcoin Cash is stored inside your wallet, you're all done.

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