A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in Bahrain
Step 1 – Signup to CEX.io You'll first need to purchase one of the major currencies. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click below for registration and getting your welcome Ethereum or Bitcoin.
Step 2 – Send Your Bitcoin or Ethereum to an Crypto Trader Your Bitcoin or Ethereum has to be sent over to an Exchange now. Every exchange has a deposit form that is alike. Bitcoin Cash (BCH) is accessible on Binance, so we're going to use that as an illustration. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this how-to) Make sure you've chosen the exact coin you would like to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etc. In the case you are working with a decentralized exchange, like Airswap or DDEX could be unlike (Follow these easy steps).
Step 3 – Find (BCH) Bitcoin Cash Once your deposit has been affirmed, you will now have access to your funds and you can initiate purchasing and trading. To purchase (BCH) Bitcoin Cash on Binance, you will want to go to the “Exchange” tab and then mouse click on “Basic”. In order to locate (BCH) Bitcoin Cash, you will need to put the cointype (BCH) into the search-box, which is highlighted in the graphic. Be certain of having choosen the correct pairing, we have marked this too. Click on “BCH/BTC” to continue.
Step 4 – Purchasing Bitcoin Cash (BCH) As soon as you've discovered (BCH) Bitcoin Cash, you will be given a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). For now we are going to make our own Limit Order. The field with the “Price” tag will be filled automatically with the most up-to-date rate (BCH) Bitcoin Cash was traded for. You can change this to your preferred price. The field with the “Amount” tag is the volumen of BCH you like to buy. The field with the “Total” tag is the aggregated price in BTC that you'll pay for the complete volumen of BCH. When you're happy, click on “Buy BCH”. Your order will be filled when a Vender sells their BCH for the price you introduced.
Step 5 – Withdraw (BCH) Bitcoin Cash Unless you're frequently trading, you should never keepyour crypto on an Crypto Trader for an longer time period. In order to take off your Bitcoin Cash (BCH), go to the tab called “Funds” and mouse click on “Withdraw”. Bitcoin Cash (BCH) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find (BCH) Bitcoin Cash by using the provided drop-down box. Drop in the volumen of Bitcoin Cash (BCH) you'd like to withdraw. Don't forget the shown fees/minimums. Also make sure you have filled your precise withdraw address. When you are satisfied, make a mouse click on “Submit”. You may be requested for verfication via phone/email ahead of a withdrawal.