A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH)
Step 1 – Join Coinbase and get 10$ for free You will first need to buy one of the major coins. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click the button below for registration and receive your first 10$.
Step 2 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. Bitcoin Cash (BCH) is obtainable on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Crypto Exchange? (Just follow these easy steps) Make sure you've chosen the exact coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. If you are dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our how-to).
Step 3 – Locate (BCH) Bitcoin Cash Once your deposit has been affirmed, you'll directly have access to your assets and you can commence invest and trading. To purchase (BCH) Bitcoin Cash on Binance, you'll want to go to the ”Exchange” tab and click on “Basic”. In order to locate (BCH) Bitcoin Cash, you'll need to insert the shortname of the coin (BCH) into the search box, which is highlighted in the picture. Be certain of having selected the correct pairing, we have highlighted this too. Click on “BCH/BTC” to advance.
Step 4 – Buying (BCH) Bitcoin Cash As soon as you have located (BCH) Bitcoin Cash, you'll be given a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the image). And now we're creating our Limit Order. The field with the “Price” tag will be automatically filled with the recent tariff (BCH) Bitcoin Cash was sold for. You can change this to your preferred price. The ”Amount” field is the amount of BCH you wish to buy. The ”Total” field is the whole price in BTC that you'll settle for the complete amount of BCH. If you are happy, click on “Buy BCH”. Your plan will be filled as soon as a Vender sells their BCH for the price you offered.
Step 5 – Withdraw (BCH) Bitcoin Cash Unless you are trading, you should never keepyour crypto on an Crypto Exchange for an extensive time frame. In order to take off your (BCH) Bitcoin Cash, go to the ”Funds” tab and mouse click on “Withdraw”. (BCH) Bitcoin Cash can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find (BCH) Bitcoin Cash by using the given drop-down box. Put into the quantity of (BCH) Bitcoin Cash you would like to take off. Don't forget the displayed fees/minimums. Also make sure you have filled your right withdraw address. If you are glad, click “Submit”. You could be asked for verfication via email/phone before a withdrawal.