A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in Cabo Verde
Step 1 – Join CEX.io In the beginning you'll need to buy units of the top-tier currencies. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Click below for registration and to get your first Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transfer Your Ethereum or Bitcoin to an Cryptocurrency Exchange Your Bitcoin or Ethereum will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. Bitcoin Cash (BCH) is available on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Exchange? (Just follow this guide) Make sure you have chosen the correct coin you want to deposit. BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, et cetera. If you are working with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow these easy steps).
Step 3 – Locate (BCH) Bitcoin Cash As soon as your deposit has been confirmed, you'll immediately have access to your assets and you can launch buying and trading. To buy (BCH) Bitcoin Cash on Binance, you will want to hover over the tab which is called “Exchange” and then mouse click on “Basic”. In order to discover Bitcoin Cash (BCH), you will need to put the cointype (BCH) into the search box, which is marked in the image. Make sure you have selected the correct grouping, we've marked this also. Click on “BCH/BTC” to advance.
Step 4 – Buying Bitcoin Cash (BCH) After you've found (BCH) Bitcoin Cash, you'll be presented with a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). And now we are making our own Limit Order. The field with the “Price” tag will be automatically filled with the latest price Bitcoin Cash (BCH) was traded for. You can change this to your favoured price. The field with the “Amount” tag is the volumen of BCH you want to purchase. The field with the “Total” tag is the total price in BTC that you'll settle for the complete volumen of BCH. When you are happy, click on “Buy BCH”. Your order will be filled as soon as a Vender trades their BCH for the price you submitted.
Step 5 – Withdraw Bitcoin Cash (BCH) Unless you are trading, never keep your coins on an Crypto Trader for an extended time period. In order to withdraw your Bitcoin Cash (BCH), go to the tab called “Funds” and mouse click on “Withdraw”. Bitcoin Cash (BCH) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Bitcoin Cash (BCH) by using the provided drop-down box. Enter the amount of (BCH) Bitcoin Cash you'd wish to take off. Take into account the displayed minimus/fees. Also make sure you have filled your precise withdraw address. When you are satisfied, click “Submit”. You may be asked for email/phone verification ahead of a withdrawal.