A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in Armenia
Step 1 – Join CEX.io You'll first need to purchase units of the top-tier currencies. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Click the button below for registration and getting your welcome BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transmit Your Bitcoin or Ethereum to an Crypto 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 identical. Bitcoin Cash (BCH) is accessible on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Exchange? (Just follow this how-to) Make sure you have chosen the exact coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, etc. If you are using a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our manual).
Step 3 – Locate Bitcoin Cash (BCH) Once your deposit has been approved, you'll instantly have access to your funds and you can commence buying and trading. To purchase (BCH) Bitcoin Cash on Binance, you'll want to hover over the “Exchange” tab and then mouse click on “Basic”. In order to discover (BCH) Bitcoin Cash, you will need to insert 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 advance.
Step 4 – Buy Bitcoin Cash (BCH) As soon as you've found (BCH) Bitcoin Cash, you will be presented with a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). For now we are making our Limit Order. The “Price” field will be automatically filled with the most recent price Bitcoin Cash (BCH) was sold for. You can change this to your desired price. The “Amount” field is the volumen of BCH you wish to purchase. The field with the “Total” tag is the total price in Bitcoin that you will settle for the whole amount of BCH. If you are happy, make a mouse click on “Buy BCH”. Your order will be filled as soon as a Vendor sells their BCH for the price you offered.
Step 5 – Withdraw (BCH) Bitcoin Cash Unless you are trading, best advise is not to keep your crypto on an Cryptocurrency Exchange for an extended time period. In order to withdraw your (BCH) Bitcoin Cash, hover over the tab called “Funds” and click on “Withdraw”. Bitcoin Cash (BCH) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find (BCH) Bitcoin Cash by using the given drop-down box. Drop in the quantity of Bitcoin Cash (BCH) you would wish to withdraw. Take into account the displayed minimus/fees. Also make sure you have entered your correct withdraw address. If you're glad, click “Submit”. You may be requested for email/phone verification before a withdrawal.