A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in Algeria
Step 1 – Join Coinbase and get 10$ for free You will first need to purchase units of the major currencies. Exchanges commonly accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Click below to register and receive your first $10.
Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Trader Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. Bitcoin Cash (BCH) is available on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Trader? (Follow these easy steps) Make sure you've chosen the exact coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etc. In the case you're working with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our how-to).
Step 3 – Find Bitcoin Cash (BCH) As soon as your deposit has been confirmed, you will now have access to your funds and you can start purchasing and trading. To purchase (BCH) Bitcoin Cash on Binance, you will want to go to the tab which is called “Exchange” and after that click on “Basic”. To spot (BCH) Bitcoin Cash, you will need to put the short name of the asset (BCH) into the search box, which is marked in the picture. Be certain of having choosen the correct pairing, we have highlighted this too. Click on “BCH/BTC” to advance.
Step 4 – Purchase Bitcoin Cash (BCH) After you've located (BCH) Bitcoin Cash, you will be given a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the image). For now we're creating our own Limit Order. The “Price” field will be automatically filled with the up-to-date rate Bitcoin Cash (BCH) was traded for. This can be changed to your desired price. The field with the “Amount” tag is the quantity of BCH you like to purchase. The “Total” field is the aggregated price in BTC that you'll pay for the whole amount of BCH. When you're happy, make a mouse click on “Buy BCH”. Your order will be filled as soon as a Seller sells their BCH for the price you offered.
Step 5 – Withdraw (BCH) Bitcoin Cash Unless you are regularly trading, you should never keepyour coins on an Exchange for an longer period of time. In order to withdraw your (BCH) Bitcoin Cash, go to the “Funds” tab and click on “Withdraw”. (BCH) Bitcoin Cash can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate (BCH) Bitcoin Cash by using the provided drop-down box. Put into the volumen of (BCH) Bitcoin Cash you'd wish to withdraw. Don't forget the shown fees/minimums. Also make sure you have filled your correct withdraw address. If you are satisfied, make a mouse click on “Submit”. You may be requested for verfication via email/phone before a take off.