A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in Bahamas
Step 1 – Join CEX.io You'll first need to purchase units of the top-tier currencies. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Follow the Link below for registration and receive your welcome BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transmit Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Exchange Your Bitcoin or Ethereum has to be sent over to an Exchange now. Every exchange has 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 Exchange? (Just follow this guide) Make sure you have selected the exact coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so on. If you're using a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our guide).
Step 3 – Locate (BCH) Bitcoin Cash As soon as your deposit has been approved, you will directly have access to your funds and you can begin buying and trading. To invest in (BCH) Bitcoin Cash on Binance, you'll want to hover over the “Exchange” tab and then click on “Basic”. In order to find (BCH) Bitcoin Cash, you will need to insert the shortname of the coin (BCH) into the search box, which is marked in the graphic. Be certain of having choosen the correct grouping, we have marked this too. Click on “BCH/BTC” to continue.
Step 4 – Purchasing (BCH) Bitcoin Cash As soon as you've spotted Bitcoin Cash (BCH), you'll be given a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the picture). For now we are going to make our Limit Order. The “Price” field will be automatically filled with the recent valuation Bitcoin Cash (BCH) was sold for. This can be changed to your desired rate. The “Amount” field is the quantity of BCH you wish to purchase. The field with the “Total” tag is the whole price in Bitcoin that you will pay for the whole volumen of BCH. If you are satisfied, click on “Buy BCH”. Your order will be filled when a Vendor sells their BCH for the price you submitted.
Step 5 – Withdraw Bitcoin Cash (BCH) Unless you're frequently trading, never keep your crypto coins on an Cryptocurrency Exchange for an extensive time period. In order to take off your (BCH) Bitcoin Cash, go to the tab called “Funds” and click on “Withdraw”. (BCH) Bitcoin Cash can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Bitcoin Cash (BCH) by using the provided drop-down box. Enter the amount of (BCH) Bitcoin Cash you would wish to take off. Don't forget the shown fees/minimums. Also make sure you have entered your right withdraw address. If you are satisfied, click on “Submit”. You may be requested for phone/email verification ahead of a withdrawal.