A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in Anguilla
Step 1 – Signup to CEX.io You'll first need to buy units of the major currencies. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click below to register and receive your first BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Send Your Ethereum or Bitcoin to an Crypto Exchange Your Ethereum or Bitcoin will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is alike. Bitcoin Cash (BCH) is available on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this how-to) Make sure you have selected the right coin you wish to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so forth. If you are working with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow these easy steps).
Step 3 – Find (BCH) Bitcoin Cash As soon as your deposit has been confirmed, you'll now have access to your assets and you can initiate buying and trading. To invest in Bitcoin Cash (BCH) on Binance, you will want to hover over the “Exchange” tab and then click on “Basic”. To spot Bitcoin Cash (BCH), you will need to put the shortname of the coin (BCH) into the search box, which is highlighted in the picture. Make sure you have selected the correct pairing, we have highlighted this also. Click on “BCH/BTC” to advance.
Step 4 – Buy Bitcoin Cash (BCH) After you've discovered (BCH) Bitcoin Cash, you will be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). For now we're going to create our own Limit Order. The field with the “Price” tag will be automatically filled with the most recent valuation (BCH) Bitcoin Cash was traded for. This can be changed to your preferred price. The field with the “Amount” tag is the quantity of BCH you want to buy. The “Total” field is the total price in Bitcoin that you'll settle for the whole amount of BCH. If you're happy, make a mouse click on “Buy BCH”. Your plan will be filled when a Vendor sells their BCH for the price you gave.
Step 5 – Withdraw (BCH) Bitcoin Cash Unless you're regularly trading, never keep your crypto coins on an Crypto Exchange for an extended period of time. In order to take off your Bitcoin Cash (BCH), go to the “Funds” tab and click on “Withdraw”. (BCH) Bitcoin Cash can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Bitcoin Cash (BCH) by using the provided drop-down box. Enter the volumen of (BCH) Bitcoin Cash you would like to take off. Don't forget the demonstrated minimus/fees. Also make sure you have entered your precise withdraw address. If you're happy, click on “Submit”. You could be requested for email/phone verification ahead of a take off.