A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in Benin
Step 1 – Join CEX.io You will first need to buy one of the top-tier currencies. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Click below for registration and getting your welcome Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transfer Your Funds to an Exchange Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Cryptocurrency 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 sample. Unsure on how to send Coinbase funds to an Crypto Trader? (Follow this how-to) Make sure you have selected the right coin you wish to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etcetera. If you are using a decentralized exchange, like Airswap or DDEX could be different (Follow our how-to).
Step 3 – Locate (BCH) Bitcoin Cash Once your deposit has been approved, you'll immediately have access to your funds and you can launch purchasing and trading. To invest in Bitcoin Cash (BCH) on Binance, you will want to go to the tab which is called “Exchange” and then mouse click on “Basic”. In order to locate (BCH) Bitcoin Cash, you'll need to insert the shortname of the coin (BCH) into the search box, which is marked in the picture. Make sure you have selected the right pairing, we have highlighted this also. Click on “BCH/BTC” to continue.
Step 4 – Buying (BCH) Bitcoin Cash Once 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 (on the Left of the picture). For now we're making our Limit Order. The field with the “Price” tag will be automatically filled with the recent rate (BCH) Bitcoin Cash was sold for. This can be changed to your preferred rate. The “Amount” field is the quantity of BCH you want to purchase. The “Total” field is the whole price in Bitcoin that you will settle for the whole volumen of BCH. If you're satisfied, make a mouse click on “Buy BCH”. Your order will be filled as soon as a Seller trades their BCH for the price you gave.
Step 5 – Withdraw (BCH) Bitcoin Cash Unless you're trading, best advise is not to keep your crypto coins on an Crypto Trader for an extensive period of time. In order to take off your (BCH) Bitcoin Cash, hover over the “Funds” tab and click on “Withdraw”. (BCH) Bitcoin Cash can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find (BCH) Bitcoin Cash by using the given drop-down box. Put into the amount of (BCH) Bitcoin Cash you'd wish to take off. Don't forget the shown fees/minimums. Also make sure you have filled your correct withdraw address. If you're happy, click on “Submit”. You could be requested for verfication via phone/email ahead of a withdrawal.