A Step-by-Step-Guide on how to buy sBCH (SBCH)
Step 1 – Join Kraken You'll first need to buy units of the major coins. Exchanges normally accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Follow the Link below to register and to get Funds.
Step 2 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. sBCH (SBCH) is accessible on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Just follow this manual) Make sure you've chosen the correct coin you want to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. If you are dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our how-to).
Step 3 – Locate sBCH (SBCH) Once your deposit has been verified, you will instantly have access to your assets and you can start purchasing and trading. To purchase sBCH (SBCH) on Binance, you will want to hover over the ”Exchange” tab and after that mouse click on “Basic”. To find sBCH (SBCH), you will need to insert the shortname of the coin (SBCH) into the search box, which is marked in the graphic. Be certain of having choosen the correct pairing, we have marked this too. Click on “SBCH/BTC” to proceed.
Step 4 – Acquisition of sBCH (SBCH) After you've found sBCH (SBCH), you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). Next we're going to make our Limit Order. The ”Price” field will be filled with the up-to-date rate sBCH (SBCH) was traded for. This can be changed to your desired price. The field with the “Amount” tag is the amount of SBCH you wish to buy. The field with the “Total” tag is the whole price in BTC that you will settle for the complete amount of SBCH. When you're satisfied, click on “Buy SBCH”. Your order will be filled as soon as a Vendor trades their SBCH for the price you submitted.
Step 5 – Withdraw sBCH (SBCH) Unless you're regularly trading, best advise is not to keep crypto on an Cryptocurrency Exchange for an longer period of time. In order to withdraw your sBCH (SBCH), hover over the ”Funds” tab and mouse click on “Withdraw”. sBCH (SBCH) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate sBCH (SBCH) by using the given drop-down box. Drop in the quantity of sBCH (SBCH) you'd like to withdraw. Take into account the demonstrated minimus/fees. Also make sure you have filled your precise withdraw address. When you're satisfied, click on “Submit”. You could be asked for phone/email verification ahead of a withdrawal.