A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in Chad
Step 1 – Join CEX.io In the beginning you'll need to purchase one of the bigger coins. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Click below for registration and to get your first Ethereum or Bitcoin.
Step 2 – Send Your Funds to an Exchange Your Bitcoin (BTC) or Ethereum (ETH) has 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 sample. Unsure on how to send Coinbase funds to an Exchange? (Just follow these easy steps) Make sure you've selected the exact coin you would like to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so forth. If you are working with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our guide).
Step 3 – Find (BCH) Bitcoin Cash As soon as your deposit has been approved, you'll directly have access to your assets and you can start buying and trading. To invest in Bitcoin Cash (BCH) on Binance, you'll want to go to the tab which is called “Exchange” and click on “Basic”. In order to find Bitcoin Cash (BCH), you will need to insert the short name of the asset (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 advance.
Step 4 – Buying (BCH) Bitcoin Cash As soon as you've found (BCH) Bitcoin Cash, you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the image). Next we're going to make our Limit Order. The “Price” field will be filled with the most recent rate (BCH) Bitcoin Cash was sold for. You can change this to your favoured rate. The field with the “Amount” tag is the quantity of BCH you want to buy. The field with the “Total” tag is the total price in Bitcoin that you will settle for the complete amount of BCH. When you are glad, make a mouse click on “Buy BCH”. Your plan will be filled as soon as a Vender sells their BCH for the price you offered.
Step 5 – Withdraw (BCH) Bitcoin Cash Unless you are trading, you should never keepyour crypto coins on an Exchange for an extended time period. In order to take off your (BCH) Bitcoin Cash, go to the “Funds” tab and click on “Withdraw”. Bitcoin Cash (BCH) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate (BCH) Bitcoin Cash by using the provided drop-down box. Put into the quantity of Bitcoin Cash (BCH) you'd like to take off. Don't forget the demonstrated fees/minimums. Also make sure you have filled your right withdraw address. When you're satisfied, make a mouse click on “Submit”. You may be requested for email/phone verification ahead of a withdrawal.