A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in American Samoa
Step 1 – Join Kraken You will first need to purchase units of the top-tier coins. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Follow the Link below for registration and receive your welcome Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transmit Your Ethereum or Bitcoin to an Cryptocurrency Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. Bitcoin Cash (BCH) is obtainable on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this guide) Make sure you've chosen the exact coin you wish to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etcetera. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow these easy steps).
Step 3 – Find Bitcoin Cash (BCH) As soon as your deposit has been affirmed, you'll instantly have access to your finances and you can start buying and trading. To buy Bitcoin Cash (BCH) on Binance, you will want to hover over the “Exchange” tab and then click on “Basic”. To discover Bitcoin Cash (BCH), you will need to insert 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 – Buy Bitcoin Cash (BCH) After you've spotted (BCH) Bitcoin Cash, you'll be given a Price Chart (in the Center of the image) and a few Order Books (Leftside of the picture). Next we're making our own Limit Order. The field with the “Price” tag will be automatically filled with the latest tariff Bitcoin Cash (BCH) was sold for. This can be changed to your desired rate. The field with the “Amount” tag is the volumen of BCH you want to buy. The “Total” field is the total price in BTC that you'll settle for the whole quantity of BCH. When you are happy, click on “Buy BCH”. Your plan will be filled as soon as a Seller sells their BCH for the price you submitted.
Step 5 – Withdraw Bitcoin Cash (BCH) Unless you're trading, never keep your coins on an Exchange for an longer time period. To withdraw your (BCH) Bitcoin Cash, hover over the tab called “Funds” and mouse click on “Withdraw”. Bitcoin Cash (BCH) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Bitcoin Cash (BCH) by using the given drop-down box. Put into the quantity of Bitcoin Cash (BCH) you would wish to withdraw. Take into account the shown minimus/fees. Also make sure you have filled your right withdraw address. When you're satisfied, click on “Submit”. You may be asked for email/phone verification before a withdrawal.