A Step-by-Step-Guide on how to buy Ethereum Cash (ECASH)
Step 1 – Signup to Kraken You will first need to buy units of the top-tier coins. Exchanges commonly accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Click below to register and getting Bitcoin or Ethereum.
Step 2 – Send Your Ethereum or Bitcoin to an Crypto Exchange Your Bitcoin or Ethereum will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. Ethereum Cash (ECASH) is available on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Exchange? (Just follow this manual) Make sure you have chosen the correct coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our how-to).
Step 3 – Locate Ethereum Cash (ECASH) As soon as your deposit has been affirmed, you'll now have access to your assets and you can commence purchasing and trading. To invest in Ethereum Cash (ECASH) on Binance, you'll want to hover over the tab which is called “Exchange” and then mouse click on “Basic”. To discover Ethereum Cash (ECASH), you'll need to insert the shortname of the coin (ECASH) into the search-box, which is highlighted in the graphic. Make sure you have selected the right pairing, we have highlighted this too. Click on “ECASH/BTC” to progress.
Step 4 – Buy Ethereum Cash (ECASH) After you've located Ethereum Cash (ECASH), you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). For now we are going to create our Limit Order. The field with the “Price” tag will be automatically filled with the most recent price Ethereum Cash (ECASH) was traded for. This can be changed to your preferred rate. The ”Amount” field is the quantity of ECASH you like to purchase. The ”Total” field is the whole price in BTC that you'll pay for the complete quantity of ECASH. When you're satisfied, make a mouse click on “Buy ECASH”. Your plan will be filled as soon as a Seller sells their ECASH for the price you introduced.
Step 5 – Withdraw Ethereum Cash (ECASH) Unless you are frequently trading, best advise is not to keep crypto coins on an Cryptocurrency Exchange for an longer period of time. To take off your Ethereum Cash (ECASH), hover over the ”Funds” tab and click on “Withdraw”. Ethereum Cash (ECASH) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Ethereum Cash (ECASH) by using the given drop-down box. Enter the quantity of Ethereum Cash (ECASH) you'd like to take off. Take into account the demonstrated minimus/fees. Also make sure you have filled your precise withdraw address. When you are satisfied, make a mouse click on “Submit”. You could be asked for verfication via phone/email before a take off.