A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in Aruba
Step 1 – Signup to Coinbase and get 10$ for free In the beginning you'll need to purchase units of the top-tier currencies. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Click below to register and to get your first $10.
Step 2 – Send Your Ethereum or Bitcoin to an Crypto Trader Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Exchange now. All exchanges have a deposit form that is similar. Bitcoin Cash (BCH) is available on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Trader? (Just follow these easy steps) Make sure you've chosen the correct coin you would like to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so forth. If you are working with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our manual).
Step 3 – Locate Bitcoin Cash (BCH) As soon as your deposit has been confirmed, you'll instantly have access to your funds and you can begin purchasing and trading. To buy (BCH) Bitcoin Cash on Binance, you'll want to hover over the tab which is called “Exchange” and mouse click on “Basic”. To locate Bitcoin Cash (BCH), you'll 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 have marked this too. Click on “BCH/BTC” to go ahead.
Step 4 – Buying (BCH) Bitcoin Cash As soon as you have discovered Bitcoin Cash (BCH), you will be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). Next we're going to create our Limit Order. The field with the “Price” tag will be filled automatically with the most latest valuation Bitcoin Cash (BCH) was traded for. You can change this to your preferred price. The field with the “Amount” tag is the quantity of BCH you like to buy. The “Total” field is the whole price in BTC that you'll pay for the complete volumen of BCH. When you're happy, make a mouse click on “Buy BCH”. Your order will be filled as soon as a Vender sells their BCH for the price you gave.
Step 5 – Withdraw (BCH) Bitcoin Cash Unless you are trading, you should never keepyour crypto on an Exchange for an longer time frame. In order to take off your (BCH) Bitcoin Cash, hover over the tab called “Funds” and mouse click on “Withdraw”. Bitcoin Cash (BCH) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Bitcoin Cash (BCH) by using the provided drop-down box. Put into the volumen of (BCH) Bitcoin Cash you'd like to withdraw. Take into account the shown fees/minimums. Also make sure you have entered your precise withdraw address. When you're happy, click “Submit”. You could be requested for verfication via email/phone ahead of a take off.