A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in Azerbaijan
Step 1 – Signup to CEX.io You will first need to buy units of the bigger coins. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Follow the Link below for registration and getting your first Bitcoin or Ethereum.
Step 2 – Send Your Bitcoin or Ethereum to an Crypto Trader Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Exchange now. Every exchange has a deposit form that is identical. Bitcoin Cash (BCH) is available on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Crypto Exchange? (Follow this manual) Make sure you have chosen the right coin you would like to deposit. BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, and so forth. If you are using a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our guide).
Step 3 – Find Bitcoin Cash (BCH) Once your deposit has been approved, you'll directly have access to your finances and you can initiate buying and trading. To invest in Bitcoin Cash (BCH) on Binance, you will want to go to the tab which is called “Exchange” and after that click on “Basic”. To find Bitcoin Cash (BCH), you'll need to put the cointype (BCH) into the search-box, which is highlighted in the image. Be certain of having selected the proper pairing, we have highlighted this also. Click on “BCH/BTC” to continue.
Step 4 – Acquisition of (BCH) Bitcoin Cash After you have located (BCH) Bitcoin Cash, you will be given a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the image). For now we're going to create our Limit Order. The field with the “Price” tag will be filled automatically with the most latest price (BCH) Bitcoin Cash was sold for. This can be changed to your preferred rate. The “Amount” field is the volumen of BCH you want to purchase. The field with the “Total” tag is the total price in Bitcoin that you'll settle for the complete volumen of BCH. If you are happy, make a mouse click on “Buy BCH”. Your plan will be filled as soon as a Seller trades their BCH for the price you submitted.
Step 5 – Withdraw Bitcoin Cash (BCH) Unless you are frequently trading, best advise is not to keep crypto on an Crypto Trader for an longer period of time. In order to withdraw your Bitcoin Cash (BCH), go to the “Funds” tab and mouse click on “Withdraw”. (BCH) Bitcoin Cash can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Bitcoin Cash (BCH) by using the provided drop-down box. Drop in the quantity of Bitcoin Cash (BCH) you would like to withdraw. Take into account the shown fees/minimums. Also make sure you have filled your correct withdraw address. If you're glad, click on “Submit”. You could be requested for verfication via phone/email ahead of a take off.