A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH)
Step 1 – Signup to Coinbase and recieve 10$ for free In the beginning you'll need to buy units of the bigger currencies. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Follow the Link below to register and getting your welcome $10.
Step 2 – Send Your Bitcoin or Ethereum to an Crypto Trader Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. Bitcoin Cash (BCH) is available on Binance, so we're going to use that as an illustration. Unsure on how to send Coinbase funds to an Exchange? (Follow these easy steps) Make sure you've selected the precise coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. In the case you're using a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our how-to).
Step 3 – Find Bitcoin Cash (BCH) Once your deposit has been confirmed, you'll instantly have access to your funds and you can begin invest and trading. To invest in (BCH) Bitcoin Cash on Binance, you will want to go to the tab which is called “Exchange” and after that click on “Basic”. To find Bitcoin Cash (BCH), you'll need to put the short name of the asset (BCH) into the search-box, which is highlighted in the image. Make sure you have selected the correct grouping, we've marked this too. Click on “BCH/BTC” to progress.
Step 4 – Purchasing Bitcoin Cash (BCH) As soon as you've discovered (BCH) Bitcoin Cash, you'll be given a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the picture). For now we're going to make our own Limit Order. The field with the “Price” tag will be automatically filled with the most latest rate Bitcoin Cash (BCH) was traded for. You can change this to your favoured price. The field with the “Amount” tag is the volumen of BCH you wish to purchase. The field with the “Total” tag is the aggregated price in BTC that you will pay for the whole volumen of BCH. If you're glad, click on “Buy BCH”. Your plan will be filled as soon as a Vender trades their BCH for the price you introduced.
Step 5 – Withdraw Bitcoin Cash (BCH) Unless you're regularly trading, never keep your coins on an Crypto Exchange for an extended period of time. To withdraw your (BCH) Bitcoin Cash, go to the tab called “Funds” and mouse click on “Withdraw”. Bitcoin Cash (BCH) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate (BCH) Bitcoin Cash by using the given drop-down box. Put into the quantity of (BCH) Bitcoin Cash you'd wish to withdraw. Take into account the displayed minimus/fees. Also make sure you have filled your correct withdraw address. When you are satisfied, click “Submit”. You could be requested for email/phone verification before a withdrawal.