A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in Djibouti
Step 1 – Signup to CEX.io You will first need to purchase units of the top-tier coins. Exchanges usually accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Click the button below for registration and to get your first Ethereum or Bitcoin.
Step 2 – Transfer Your Bitcoin (BTC) or Ethereum (ETH) to an Exchange Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. Bitcoin Cash (BCH) is obtainable 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 manual) Make sure you have chosen the precise coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etc. In the case you are working with a decentralized exchange, like Airswap or DDEX could be different (Follow our guide).
Step 3 – Find Bitcoin Cash (BCH) As soon as your deposit has been affirmed, you will immediately have access to your assets and you can begin buying and trading. To invest in Bitcoin Cash (BCH) on Binance, you will want to hover over the tab which is called “Exchange” and mouse click on “Basic”. In order to discover (BCH) Bitcoin Cash, you'll need to put the cointype (BCH) into the search box, which is marked in the graphic. Make sure you have selected the proper pairing, we have marked this also. Click on “BCH/BTC” to go on.
Step 4 – Purchase (BCH) Bitcoin Cash After you have found Bitcoin Cash (BCH), you will be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the image). Next we are making our own Limit Order. The “Price” field will be filled with the recent valuation Bitcoin Cash (BCH) was traded for. You can change this to your preferred price. The “Amount” field is the amount of BCH you want to purchase. The “Total” field is the total price in BTC that you'll pay for the complete quantity of BCH. If you're happy, click on “Buy BCH”. Your order will be filled as soon as a Seller sells their BCH for the price you introduced.
Step 5 – Withdraw Bitcoin Cash (BCH) Unless you are regularly trading, best advise is not to keep crypto on an Cryptocurrency Exchange for an extensive time frame. In order to take off your Bitcoin Cash (BCH), hover over the tab called “Funds” and click on “Withdraw”. (BCH) Bitcoin Cash can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate (BCH) Bitcoin Cash by using the given drop-down box. Put into the quantity of Bitcoin Cash (BCH) you would wish to take off. Don't forget the displayed fees/minimums. Also make sure you have filled your right withdraw address. When you are satisfied, click on “Submit”. You could be asked for verfication via phone/email ahead of a withdrawal.