A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in China
Step 1 – Signup to Kraken You will first need to purchase units of the major coins. Exchanges commonly accept either Bitcoin or Ethereum in exchange for Altcoins. Click the button below to register and receive your first Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transfer Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Exchange Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. Bitcoin Cash (BCH) is available on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow these easy steps) Make sure you've chosen the exact coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etcetera. In the case you are working with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our manual).
Step 3 – Find (BCH) Bitcoin Cash As soon as your deposit has been confirmed, you will now have access to your finances and you can commence invest and trading. To buy (BCH) Bitcoin Cash on Binance, you will want to hover over the “Exchange” tab and click on “Basic”. To find (BCH) Bitcoin Cash, you will need to put the short name of the asset (BCH) into the search-box, which is highlighted in the image. Be certain of having selected the correct pairing, we've marked this too. Click on “BCH/BTC” to continue.
Step 4 – Buying Bitcoin Cash (BCH) Once 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 (Leftside of the image). For now we are making our Limit Order. The field with the “Price” tag will be filled automatically with the up-to-date price (BCH) Bitcoin Cash was sold for. You can change this to your favoured rate. The “Amount” field is the volumen of BCH you like to buy. The “Total” field is the total price in BTC that you will pay for the whole amount of BCH. When you're happy, click on “Buy BCH”. Your plan will be filled as soon as a Seller trades their BCH for the price you offered.
Step 5 – Withdraw (BCH) Bitcoin Cash Unless you're regularly trading, never keep your crypto coins on an Exchange for an extensive time frame. To withdraw your (BCH) Bitcoin Cash, hover over the tab called “Funds” and click on “Withdraw”. (BCH) Bitcoin Cash can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Bitcoin Cash (BCH) by using the provided drop-down box. Put into the quantity of Bitcoin Cash (BCH) you'd like to take off. Take into account the demonstrated fees/minimums. Also make sure you have filled your right withdraw address. When you are happy, make a mouse click on “Submit”. You could be asked for email/phone verification ahead of a withdrawal.