A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in Cyprus
Step 1 – Signup to CEX.io You'll first need to purchase one of the top-tier coins. Exchanges normally accept either Ethereum or Bitcoin in exchange for Altcoins. Follow the Link below for registration and getting your welcome Ethereum or Bitcoin.
Step 2 – Transfer Your BTC (Bitcoin) or ETH (Ethereum) to an Exchange Your Ethereum or Bitcoin will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. Bitcoin Cash (BCH) is obtainable on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Crypto Trader? (Follow this how-to) Make sure you have selected the precise coin you wish to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our guide).
Step 3 – Locate Bitcoin Cash (BCH) As soon as your deposit has been affirmed, you'll immediately have access to your assets and you can start invest and trading. To buy Bitcoin Cash (BCH) on Binance, you will want to hover over the “Exchange” tab and click on “Basic”. To discover (BCH) Bitcoin Cash, 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've marked this also. Click on “BCH/BTC” to progress.
Step 4 – Acquisition of Bitcoin Cash (BCH) After you have located Bitcoin Cash (BCH), you'll be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). For now we're going to make our Limit Order. The field with the “Price” tag will be filled with the recent valuation (BCH) Bitcoin Cash was traded for. You can change this to your favoured price. The “Amount” field is the quantity of BCH you want to purchase. The field with the “Total” tag is the total price in BTC that you will pay for the complete quantity of BCH. When you're glad, click on “Buy BCH”. Your plan will be filled when a Vender sells their BCH for the price you gave.
Step 5 – Withdraw Bitcoin Cash (BCH) Unless you are frequently trading, you should never keepyour coins on an Cryptocurrency Exchange for an longer time frame. To withdraw 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 instance MyEtherWallet. (MyEtherWallet Setup Guide) Find (BCH) Bitcoin Cash by using the given drop-down box. Drop in the volumen of Bitcoin Cash (BCH) you would like to withdraw. Take into account the displayed fees/minimums. Also make sure you have entered your precise withdraw address. When you are satisfied, click on “Submit”. You could be asked for verfication via email/phone before a withdrawal.