A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in Chile
Step 1 – Join Kraken In the beginning you'll need to purchase units of the bigger coins. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click below for registration and to get your first ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transfer Your Ethereum or Bitcoin to an Cryptocurrency Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Exchange 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. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this manual) Make sure you have selected the exact coin you want to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so on. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow these easy steps).
Step 3 – Find (BCH) Bitcoin Cash As soon as your deposit has been confirmed, you'll instantly have access to your finances and you can begin buying and trading. To purchase Bitcoin Cash (BCH) on Binance, you will want to go to the “Exchange” tab and then mouse click on “Basic”. In order to spot (BCH) Bitcoin Cash, you'll need to put the cointype (BCH) into the search-box, which is highlighted in the image. Be certain of having choosen the right grouping, we have highlighted this also. Click on “BCH/BTC” to continue.
Step 4 – Buy Bitcoin Cash (BCH) Once you have found (BCH) Bitcoin Cash, you'll be given a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the picture). For now we're creating our own Limit Order. The field with the “Price” tag will be filled with the most latest valuation (BCH) Bitcoin Cash was traded for. You can change this to your preferred price. The “Amount” field is the volumen of BCH you like to purchase. The “Total” field is the whole price in Bitcoin that you will pay for the whole quantity of BCH. When you're glad, make a mouse click on “Buy BCH”. Your order will be filled when a Seller trades their BCH for the price you offered.
Step 5 – Withdraw Bitcoin Cash (BCH) Unless you're regularly trading, you should never keepyour coins on an Cryptocurrency Exchange for an extended time frame. 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 securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Bitcoin Cash (BCH) by using the provided drop-down box. Drop in the amount of Bitcoin Cash (BCH) you would wish to withdraw. Take into account the presented minimus/fees. Also make sure you have entered your right withdraw address. When you're satisfied, click on “Submit”. You may be requested for phone/email verification ahead of a withdrawal.