A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in El Salvador
Step 1 – Join CEX.io You'll first need to purchase units of the major coins. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click the button below to register and to get your welcome Ethereum or Bitcoin.
Step 2 – Send Your Funds to an Crypto Trader Your Bitcoin or Ethereum has 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 will use that as an example. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Follow this guide) Make sure you've selected the correct coin you would like to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, et cetera. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our guide).
Step 3 – Locate Bitcoin Cash (BCH) As soon as your deposit has been verified, you will instantly have access to your funds and you can begin invest and trading. To invest in (BCH) Bitcoin Cash on Binance, you will want to go to the “Exchange” tab and mouse click on “Basic”. In order to discover (BCH) Bitcoin Cash, you'll need to insert the short name of the asset (BCH) into the search box, which is highlighted in the picture. Be certain of having choosen the correct grouping, we have marked this also. Click on “BCH/BTC” to progress.
Step 4 – Buy (BCH) Bitcoin Cash As soon as you've located Bitcoin Cash (BCH), you will be presented with a Price Chart (in the Center of the picture) and some Order Books (on the Left of the image). For now we are going to make our Limit Order. The “Price” field will be filled automatically with the latest rate (BCH) Bitcoin Cash was traded 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 “Total” field is the total price in BTC that you will settle for the complete quantity of BCH. If you're satisfied, click on “Buy BCH”. Your plan will be filled when a Seller trades their BCH for the price you submitted.
Step 5 – Withdraw Bitcoin Cash (BCH) Unless you're regularly trading, never keep your coins on an Cryptocurrency Exchange for an longer time frame. In order to withdraw your (BCH) Bitcoin Cash, go to the tab called “Funds” and click on “Withdraw”. Bitcoin Cash (BCH) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find (BCH) Bitcoin Cash by using the given drop-down box. Drop in the quantity of Bitcoin Cash (BCH) you would wish to take off. Take into account the displayed fees/minimums. Also make sure you have entered your precise withdraw address. If you're glad, click on “Submit”. You may be requested for email/phone verification before a take off.