A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in Dominica
Step 1 – Join Coinbase and recieve 10$ for free You'll first need to buy one of the top-tier coins. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Click the button below for registration and to get your welcome $10.
Step 2 – Transfer Your ETH (Ethereum) or BTC (Bitcoin) to an Cryptocurrency Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto 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 example. Not sure on how to send Coinbase funds to an Crypto Trader? (Follow these easy steps) Make sure you've chosen the exact coin you want to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. If you are using a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our manual).
Step 3 – Find (BCH) Bitcoin Cash As soon as your deposit has been affirmed, you'll now have access to your funds and you can initiate buying and trading. To purchase Bitcoin Cash (BCH) on Binance, you will want to hover over the “Exchange” tab and after that click on “Basic”. To discover (BCH) Bitcoin Cash, you will need to insert the cointype (BCH) into the search-box, which is marked in the graphic. Be certain of having choosen the correct pairing, we've marked this also. Click on “BCH/BTC” to continue.
Step 4 – Buying Bitcoin Cash (BCH) After you've discovered (BCH) Bitcoin Cash, you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). For now we're making our Limit Order. The “Price” field will be filled with the most latest rate Bitcoin Cash (BCH) was sold for. This can be changed to your desired rate. The field with the “Amount” tag is the volumen of BCH you wish to purchase. The field with the “Total” tag is the aggregated price in BTC that you'll settle for the complete amount of BCH. When you are glad, click on “Buy BCH”. Your order will be filled when a Seller sells their BCH for the price you submitted.
Step 5 – Withdraw (BCH) Bitcoin Cash Unless you are frequently trading, best advise is not to keep crypto coins on an Crypto Trader for an extended period of time. In order to withdraw your (BCH) Bitcoin Cash, hover over the “Funds” tab and click on “Withdraw”. (BCH) Bitcoin Cash can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate (BCH) Bitcoin Cash by using the provided drop-down box. Put into the amount of (BCH) Bitcoin Cash you would like to take off. Take into account the shown minimus/fees. Also make sure you have filled your correct withdraw address. When you're satisfied, click on “Submit”. You may be asked for email/phone verification before a withdrawal.