A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in Cameroon
Step 1 – Join CEX.io You'll first need to purchase one of the major coins. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click below to register and receive your welcome Ethereum or Bitcoin.
Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Exchange Your Bitcoin or Ethereum will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is identical. Bitcoin Cash (BCH) is available on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Exchange? (Follow this guide) Make sure you have selected the right coin you would like to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so forth. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our manual).
Step 3 – Find Bitcoin Cash (BCH) Once your deposit has been approved, you'll directly have access to your finances and you can commence purchasing and trading. To buy Bitcoin Cash (BCH) on Binance, you'll want to hover over the tab which is called “Exchange” and click on “Basic”. In order to spot Bitcoin Cash (BCH), you'll need to put the cointype (BCH) into the search box, which is highlighted in the picture. Be certain of having choosen the right pairing, we've highlighted this also. Click on “BCH/BTC” to progress.
Step 4 – Buy Bitcoin Cash (BCH) As soon as you have located Bitcoin Cash (BCH), you'll be given a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). For now we're creating our own Limit Order. The “Price” field will be filled automatically with the most up-to-date valuation Bitcoin Cash (BCH) was traded for. You can change this to your preferred price. The field with the “Amount” tag is the amount of BCH you like to purchase. The “Total” field is the total price in BTC that you will pay for the complete volumen of BCH. When you are satisfied, make a mouse click on “Buy BCH”. Your order will be filled when a Vender sells their BCH for the price you submitted.
Step 5 – Withdraw (BCH) Bitcoin Cash Unless you're frequently trading, best advise is not to keep your crypto on an Exchange for an longer time period. In order to take off your (BCH) Bitcoin Cash, go to the tab called “Funds” and mouse click on “Withdraw”. Bitcoin Cash (BCH) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Bitcoin Cash (BCH) by using the given drop-down box. Put into the volumen of (BCH) Bitcoin Cash you would wish to withdraw. Take into account the shown minimus/fees. Also make sure you have filled your right withdraw address. If you're glad, click “Submit”. You could be asked for email/phone verification ahead of a withdrawal.