A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in Bahamas
Step 1 – Signup to Coinbase – Get Free $10 You will first need to purchase units of the bigger currencies. Exchanges normally accept either Ethereum or Bitcoin in exchange for alternative Coins. Click below to register and to get your welcome $10.
Step 2 – Transfer Your Ethereum or Bitcoin to an Crypto Trader Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. Bitcoin Cash (BCH) 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 Trader? (Just follow this manual) Make sure you've selected the correct coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etcetera. If you're working with a decentralized exchange, like Airswap or DDEX could be opposed (Follow our manual).
Step 3 – Locate (BCH) Bitcoin Cash Once your deposit has been affirmed, you'll instantly have access to your funds and you can begin buying and trading. To invest in (BCH) Bitcoin Cash on Binance, you'll want to hover over the “Exchange” tab and click on “Basic”. In order to locate Bitcoin Cash (BCH), you'll need to put the short name of the asset (BCH) into the search box, which is highlighted in the picture. Make sure you have choosen the correct pairing, we've marked this also. Click on “BCH/BTC” to advance.
Step 4 – Buying (BCH) Bitcoin Cash After you've discovered Bitcoin Cash (BCH), you'll be presented with a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). And now we are making our own Limit Order. The “Price” field will be filled with the latest valuation (BCH) Bitcoin Cash was sold for. You can change this to your favoured price. The “Amount” field is the volumen of BCH you like to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you'll pay for the complete amount of BCH. When you're satisfied, make a mouse click on “Buy BCH”. Your order will be filled as soon as a Vendor sells their BCH for the price you gave.
Step 5 – Withdraw (BCH) Bitcoin Cash Unless you are regularly trading, best advise is not to keep crypto coins on an Crypto Exchange for an extensive time frame. To take off your Bitcoin Cash (BCH), go to the tab called “Funds” and mouse click on “Withdraw”. Bitcoin Cash (BCH) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate (BCH) Bitcoin Cash by using the given drop-down box. Put into the volumen of Bitcoin Cash (BCH) you'd like to withdraw. Take into account the displayed minimus/fees. Also make sure you have entered your correct withdraw address. When you are glad, click on “Submit”. You could be requested for verfication via email/phone before a withdrawal.