A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in Belgium
Step 1 – Join Kraken In the beginning you'll need to purchase one of the bigger coins. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Click the button below to register and getting your welcome Ethereum or Bitcoin.
Step 2 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Trader Your Bitcoin or Ethereum will need to be sent over to an Crypto 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 funds from Coinbase to an Exchange? (Just follow this how-to) Make sure you've selected the right coin you want to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etc. In the case you're using a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our guide).
Step 3 – Locate (BCH) Bitcoin Cash Once your deposit has been affirmed, you will now have access to your finances and you can commence buying and trading. To buy (BCH) Bitcoin Cash on Binance, you will want to go to the “Exchange” tab and mouse click on “Basic”. To locate (BCH) Bitcoin Cash, you will need to put the cointype (BCH) into the search-box, which is marked in the picture. Make sure you have choosen the proper pairing, we've marked this also. Click on “BCH/BTC” to progress.
Step 4 – Buy Bitcoin Cash (BCH) As soon as you have found (BCH) Bitcoin Cash, you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). And now we're making our Limit Order. The “Price” field will be filled with the up-to-date valuation Bitcoin Cash (BCH) was sold for. You can change this to your desired price. The “Amount” field is the volumen of BCH you want to purchase. The “Total” field is the aggregated price in Bitcoin that you will pay for the whole quantity of BCH. If you are glad, make a mouse click on “Buy BCH”. Your plan will be filled as soon as a Seller sells their BCH for the price you gave.
Step 5 – Withdraw Bitcoin Cash (BCH) Unless you're frequently trading, best advise is not to keep your crypto coins on an Crypto Exchange for an extended period of time. To take off your Bitcoin Cash (BCH), hover over the tab called “Funds” and click on “Withdraw”. (BCH) Bitcoin Cash can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Bitcoin Cash (BCH) by using the provided drop-down box. Put into the amount of (BCH) Bitcoin Cash you'd wish to take off. Don't forget the demonstrated minimus/fees. Also make sure you have entered your precise withdraw address. When you're glad, click “Submit”. You could be asked for verfication via email/phone before a withdrawal.