A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in Cameroon
Step 1 – Join Coinbase – Get Free $10 You will first need to buy one of the major currencies. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click below to register and getting your first 10 Dollar.
Step 2 – Transfer Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Trader Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. Bitcoin Cash (BCH) is accessible on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow these easy steps) Make sure you've selected the precise coin you wish to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etc. If you're dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow these easy steps).
Step 3 – Find Bitcoin Cash (BCH) Once your deposit has been confirmed, you will immediately have access to your finances and you can commence invest and trading. To purchase (BCH) Bitcoin Cash on Binance, you'll want to hover over the tab which is called “Exchange” and then click on “Basic”. In order to discover (BCH) Bitcoin Cash, you will need to insert the short name of the asset (BCH) into the search box, which is marked in the image. Be certain of having choosen the correct pairing, we have highlighted this also. Click on “BCH/BTC” to advance.
Step 4 – Acquisition of Bitcoin Cash (BCH) Once you've discovered (BCH) Bitcoin Cash, 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 image). And now we're creating our Limit Order. The “Price” field will be filled with the latest price Bitcoin Cash (BCH) was sold for. You can change this to your desired price. The “Amount” field is the amount of BCH you like to buy. The “Total” field is the total price in Bitcoin that you will settle for the whole amount of BCH. If you're glad, click on “Buy BCH”. Your plan will be filled as soon as a Vendor sells their BCH for the price you offered.
Step 5 – Withdraw Bitcoin Cash (BCH) Unless you are trading, best advise is not to keep your coins on an Crypto Trader for an longer time period. In order to withdraw your Bitcoin Cash (BCH), hover over the tab called “Funds” and click on “Withdraw”. Bitcoin Cash (BCH) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Bitcoin Cash (BCH) by using the given drop-down box. Drop in the quantity of Bitcoin Cash (BCH) you'd wish to take off. Don't forget the shown fees/minimums. Also make sure you have filled your right withdraw address. When you're satisfied, click on “Submit”. You may be asked for verfication via phone/email before a withdrawal.