A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in Cambodia
Step 1 – Signup to Kraken You will first need to purchase units of the major currencies. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Follow the Link below for registration and getting your first ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Send Your Bitcoin or Ethereum to an Crypto Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. Bitcoin Cash (BCH) is available on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Trader? (Just follow this manual) Make sure you have chosen the precise coin you want to deposit. BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, et cetera. In the case you are working with a decentralized exchange, like Airswap or DDEX could be different (Just follow our manual).
Step 3 – Locate (BCH) Bitcoin Cash As soon as your deposit has been verified, you will directly have access to your finances and you can begin purchasing and trading. To purchase Bitcoin Cash (BCH) on Binance, you'll want to hover over the “Exchange” tab and after that mouse click on “Basic”. In order to find (BCH) Bitcoin Cash, you will need to put the cointype (BCH) into the search-box, which is highlighted in the picture. Be certain of having choosen the proper grouping, we've marked this too. Click on “BCH/BTC” to continue.
Step 4 – Buying Bitcoin Cash (BCH) Once you have spotted (BCH) Bitcoin Cash, you'll be presented with a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the image). For now we are creating our Limit Order. The field with the “Price” tag will be filled automatically with the most up-to-date tariff Bitcoin Cash (BCH) was traded for. This can be changed to your favoured rate. The “Amount” field is the amount of BCH you like to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you'll settle for the whole amount of BCH. When you're glad, make a mouse click on “Buy BCH”. Your order will be filled when a Vendor trades their BCH for the price you offered.
Step 5 – Withdraw (BCH) Bitcoin Cash Unless you're regularly trading, best advise is not to keep your crypto on an Crypto Trader for an longer period of time. To take off your (BCH) Bitcoin Cash, go to the tab called “Funds” and mouse click on “Withdraw”. Bitcoin Cash (BCH) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Bitcoin Cash (BCH) by using the provided drop-down box. Put into the quantity of (BCH) Bitcoin Cash you would wish to withdraw. Don't forget the displayed fees/minimums. Also make sure you have entered your right withdraw address. If you're satisfied, make a mouse click on “Submit”. You could be asked for verfication via phone/email ahead of a take off.