A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in Cayman Islands
Step 1 – Signup to Kraken In the beginning you'll need to purchase units of the bigger currencies. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Click below to register and to get your first Ethereum or Bitcoin.
Step 2 – Transfer Your Ethereum or Bitcoin to an Cryptocurrency Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. Bitcoin Cash (BCH) is obtainable on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Crypto Trader? (Follow this how-to) Make sure you have selected the precise coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, et cetera. If you're working with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our guide).
Step 3 – Locate Bitcoin Cash (BCH) Once your deposit has been approved, you'll now have access to your assets and you can initiate invest and trading. To invest in Bitcoin Cash (BCH) on Binance, you will want to hover over the tab which is called “Exchange” and mouse click on “Basic”. In order to discover Bitcoin Cash (BCH), you will need to put the short name of the asset (BCH) into the search-box, which is highlighted in the graphic. Make sure you have choosen the proper pairing, we have highlighted this too. Click on “BCH/BTC” to continue.
Step 4 – Buying Bitcoin Cash (BCH) As soon as you've located Bitcoin Cash (BCH), you'll be presented with a Price Chart (in the Center of the image) and a few Order Books (on the Left of the picture). Next we are going to make our own Limit Order. The field with the “Price” tag will be filled automatically with the most recent price (BCH) Bitcoin Cash was sold for. This can be changed to your desired price. The field with the “Amount” tag is the amount of BCH you wish to purchase. The field with the “Total” tag is the whole price in Bitcoin that you will settle for the complete quantity of BCH. When you are satisfied, click on “Buy BCH”. Your plan will be filled as soon as a Vendor trades their BCH for the price you gave.
Step 5 – Withdraw Bitcoin Cash (BCH) Unless you're trading, you should never keepyour crypto on an Cryptocurrency Exchange for an extensive period of time. To take off your Bitcoin Cash (BCH), hover over the “Funds” tab and mouse 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 provided drop-down box. Drop in the volumen of (BCH) Bitcoin Cash you would wish to take off. Take into account the presented minimus/fees. Also make sure you have entered your right withdraw address. When you're satisfied, click “Submit”. You may be requested for email/phone verification ahead of a withdrawal.