A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH)
Step 1 – Signup to CEX.io You'll first need to purchase one of the bigger currencies. Exchanges commonly accept either Ethereum or Bitcoin in exchange for Altcoins. Follow the Link below to register and receive Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Trader Your Ethereum or Bitcoin will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. Bitcoin Cash (BCH) is accessible on Binance, so we're going to use that as an sample. Unsure on how to send funds from Coinbase to an Crypto Trader? (Follow this how-to) Make sure you have chosen the right coin you wish to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you are using a decentralized exchange, like Airswap or DDEX could be different (Follow our manual).
Step 3 – Locate Bitcoin Cash (BCH) As soon as your deposit has been approved, you'll now have access to your funds and you can start invest and trading. To invest in Bitcoin Cash (BCH) on Binance, you'll want to go to the tab which is called “Exchange” and after that mouse click on “Basic”. In order to locate Bitcoin Cash (BCH), you'll need to put the shortname of the coin (BCH) into the search box, which is marked in the graphic. Make sure you have choosen the correct grouping, we've marked this also. Click on “BCH/BTC” to go on.
Step 4 – Buying (BCH) Bitcoin Cash Once you have discovered (BCH) Bitcoin Cash, you'll be presented with a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). For now we are going to create our own Limit Order. The ”Price” field will be filled automatically with the most up-to-date tariff (BCH) Bitcoin Cash was traded for. This can be changed to your desired rate. The field with the “Amount” tag is the quantity of BCH you like to buy. The field with the “Total” tag is the whole price in Bitcoin that you will pay for the whole quantity of BCH. If you're happy, click on “Buy BCH”. Your plan will be filled as soon as a Vendor trades their BCH for the price you gave.
Step 5 – Withdraw (BCH) Bitcoin Cash Unless you're regularly trading, never keep your crypto coins on an Crypto Exchange for an extended period of time. To take off your (BCH) Bitcoin Cash, hover over the tab called “Funds” and mouse click on “Withdraw”. (BCH) Bitcoin Cash can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find (BCH) Bitcoin Cash by using the given drop-down box. Drop in the quantity of (BCH) Bitcoin Cash you'd like to take off. Take into account the displayed minimus/fees. Also make sure you have entered your correct withdraw address. When you're satisfied, click on “Submit”. You could be requested for verfication via phone/email before a take off.