A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in Cook Islands
Step 1 – Signup to CEX.io In the beginning you'll need to buy one of the major currencies. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click the button below for registration and to get your first Bitcoin or Ethereum.
Step 2 – Send Your Ethereum or Bitcoin to an Crypto Trader Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Exchange now. Every exchange has a deposit form that is similar. Bitcoin Cash (BCH) is accessible on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this guide) Make sure you've selected the correct coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so forth. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be different (Just follow these easy steps).
Step 3 – Locate Bitcoin Cash (BCH) Once your deposit has been affirmed, you'll immediately have access to your assets and you can commence purchasing and trading. To buy (BCH) Bitcoin Cash on Binance, you will want to go to the “Exchange” tab and then click on “Basic”. To discover (BCH) Bitcoin Cash, you'll need to insert the cointype (BCH) into the search-box, which is highlighted in the picture. Be certain of having selected the right grouping, we've highlighted this also. Click on “BCH/BTC” to continue.
Step 4 – Buying Bitcoin Cash (BCH) After you have spotted (BCH) Bitcoin Cash, you'll be presented with a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the image). For now we are going to create our own Limit Order. The “Price” field will be filled automatically with the most recent rate (BCH) Bitcoin Cash was sold for. This can be changed to your preferred price. The field with the “Amount” tag is the volumen of BCH you wish to purchase. The field with the “Total” tag is the total price in BTC that you will settle for the whole quantity of BCH. When you're satisfied, make a mouse click on “Buy BCH”. Your plan will be filled as soon as a Seller trades their BCH for the price you submitted.
Step 5 – Withdraw Bitcoin Cash (BCH) Unless you are regularly trading, you should never keepyour crypto coins on an Crypto Trader for an extensive time frame. To take off your Bitcoin Cash (BCH), hover over the “Funds” tab and mouse click on “Withdraw”. Bitcoin Cash (BCH) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Bitcoin Cash (BCH) by using the given drop-down box. Put into the amount of (BCH) Bitcoin Cash you'd wish to take off. Don't forget the displayed fees/minimums. Also make sure you have filled your right withdraw address. If you are satisfied, click “Submit”. You could be asked for verfication via email/phone ahead of a take off.