A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in Andorra
Step 1 – Signup to Coinbase and get 10$ for free You'll first need to purchase units of the bigger currencies. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Click the button below for registration and getting your welcome $10.
Step 2 – Transfer Your ETH (Ethereum) or BTC (Bitcoin) to an Exchange Your Ethereum or Bitcoin has to be sent over to an Exchange now. All exchanges have a deposit form that is identical. Bitcoin Cash (BCH) is accessible on Binance, so we will 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 have selected the precise coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, etc. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be unlike (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 funds and you can launch invest and trading. To purchase (BCH) Bitcoin Cash on Binance, you'll want to go to the tab which is called “Exchange” and click on “Basic”. In order to discover (BCH) Bitcoin Cash, you'll 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 proper pairing, we have marked this also. Click on “BCH/BTC” to progress.
Step 4 – Buy (BCH) Bitcoin Cash Once you have found (BCH) Bitcoin Cash, you will be presented with a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). And now we're making our own Limit Order. The field with the “Price” tag will be filled with the up-to-date price Bitcoin Cash (BCH) was sold for. You can change this to your favoured rate. The field with the “Amount” tag is the volumen of BCH you like to buy. The “Total” field is the aggregated price in BTC that you will settle for the whole volumen of BCH. When you're glad, click on “Buy BCH”. Your plan will be filled as soon as a Seller sells their BCH for the price you introduced.
Step 5 – Withdraw (BCH) Bitcoin Cash Unless you are regularly trading, best advise is not to keep crypto coins on an Exchange for an extended time period. To withdraw your (BCH) Bitcoin Cash, hover over the tab called “Funds” and mouse click on “Withdraw”. (BCH) Bitcoin Cash can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Bitcoin Cash (BCH) by using the given drop-down box. Drop in the volumen of Bitcoin Cash (BCH) you'd wish to withdraw. Take into account the demonstrated minimus/fees. Also make sure you have entered your correct withdraw address. When you're satisfied, make a mouse click on “Submit”. You could be asked for verfication via phone/email ahead of a withdrawal.