How to Buy Bitcoin Cash (BCH) in Lebanon

A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in Lebanon

Step 1 – Signup to Coinbase and recieve 10$ for free

You will first need to purchase one of the bigger coins. Exchanges usually accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Follow the Link below to register and receive your welcome 10 Dollar.

Step 2 – Transfer Your BTC (Bitcoin) or ETH (Ethereum) to an Cryptocurrency Exchange

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. Bitcoin Cash (BCH) is available on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this manual)

Make sure you have chosen the right coin you want to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so forth. In the case you're working with a decentralized exchange, like Airswap or DDEX could be opposed (Follow our manual).

Step 3 – Locate (BCH) Bitcoin Cash

As soon as your deposit has been approved, you'll directly have access to your funds and you can start invest and trading. To buy Bitcoin Cash (BCH) on Binance, you'll want to hover over the tab which is calledExchangeand after that mouse click onBasic”.

To discover Bitcoin Cash (BCH), you'll need to insert the cointype (BCH) into the search-box, which is highlighted in the image. Make sure you have choosen the right pairing, we have highlighted this too. Click onBCH/BTCto continue.

Step 4 – Purchase Bitcoin Cash (BCH)

As soon as you have discovered Bitcoin Cash (BCH), you'll be given a Price Chart (in the Center of the image) and a few Order Books (on the Left of the picture). Next we're creating our Limit Order.

The field with thePricetag will be filled with the up-to-date price Bitcoin Cash (BCH) was traded for. This can be changed to your desired rate. The field with theAmounttag is the quantity of BCH you wish to buy. The field with theTotaltag is the whole price in Bitcoin that you will pay for the complete quantity of BCH.

If you are satisfied, click onBuy BCH”. Your plan will be filled as soon as a Seller trades their BCH for the price you gave.

Step 5 – Withdraw (BCH) Bitcoin Cash

Unless you are frequently trading, best advise is not to keep your coins on an Cryptocurrency Exchange for an extended time period. To take off your Bitcoin Cash (BCH), hover over the tab calledFundsand mouse click onWithdraw”. (BCH) Bitcoin Cash can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find (BCH) Bitcoin Cash by using the provided drop-down box. Put into the quantity of Bitcoin Cash (BCH) you would wish to take off. Take into account the shown minimus/fees. Also make sure you have filled your correct withdraw address.

If you are happy, clickSubmit”. You may be asked for verfication via email/phone before a take off.

Congrats! You've successfully bought and stored Bitcoin Cash (BCH) in Lebanon.

That's it!

Withdrawals from Cryptocurrency Exchange can take anywhere from 1 – 30 minutes (depending on network usage). As soon as you have confirmed your take off with Ethplorer.io or Etherscan.io and the Bitcoin Cash (BCH) is safe in your wallet, you are finished.