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).
Step 2 – Send Your Bitcoin or Ethereum to an Crypto Trader Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. Bitcoin Cash (BCH) is obtainable on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Crypto Trader? (Just follow this manual) Make sure you've chosen the right coin you would like to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so forth. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our guide).
Step 3 – Find Bitcoin Cash (BCH) Once your deposit has been confirmed, you'll immediately have access to your finances and you can begin invest and trading. To invest in Bitcoin Cash (BCH) on Binance, you'll want to hover over the ”Exchange” tab and after that click on “Basic”. To discover Bitcoin Cash (BCH), you'll need to put the shortname of the coin (BCH) into the search-box, which is marked in the image. Be certain of having selected the right grouping, we have marked this also. Click on “BCH/BTC” to continue.
Step 4 – Purchase Bitcoin Cash (BCH) Once you've located Bitcoin Cash (BCH), you'll be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). Next we are going to create our own Limit Order. The ”Price” field will be filled with the up-to-date tariff Bitcoin Cash (BCH) was traded for. You can change this to your desired rate. The ”Amount” field is the amount of BCH you like to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you will settle for the whole amount of BCH. If you are happy, click on “Buy BCH”. Your plan will be filled as soon as a Seller sells their BCH for the price you offered.
Step 5 – Withdraw Bitcoin Cash (BCH) Unless you're regularly trading, you should never keepyour crypto coins on an Crypto Exchange for an extensive period of time. To take off your Bitcoin Cash (BCH), go to the ”Funds” tab and click on “Withdraw”. Bitcoin Cash (BCH) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Bitcoin Cash (BCH) by using the given drop-down box. Enter the volumen of Bitcoin Cash (BCH) you'd wish to take off. Don't forget the shown fees/minimums. Also make sure you have entered your correct withdraw address. When you're happy, click “Submit”. You could be asked for verfication via email/phone before a take off.