A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in Eritrea
Step 1 – Join CEX.io You will first need to buy units of the major currencies. Exchanges usually accept either Bitcoin or Ethereum in exchange for Altcoins. Click the button below to register and to get your first Bitcoin or Ethereum.
Step 2 – Transmit Your Bitcoin or Ethereum to an Exchange Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. Bitcoin Cash (BCH) is accessible on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Exchange? (Just follow this how-to) Make sure you have selected the precise coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so forth. In the case you are working with a decentralized exchange, like Airswap or DDEX could be different (Just follow these easy steps).
Step 3 – Locate (BCH) Bitcoin Cash As soon as your deposit has been verified, you'll directly have access to your assets and you can begin buying and trading. To invest in (BCH) Bitcoin Cash on Binance, you will want to go to the “Exchange” tab and after that click on “Basic”. To discover (BCH) Bitcoin Cash, you'll need to insert the short name of the asset (BCH) into the search box, which is marked in the graphic. Be certain of having choosen the proper grouping, we have marked this too. Click on “BCH/BTC” to proceed.
Step 4 – Buy Bitcoin Cash (BCH) After you have 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 picture). Next we are going to create our Limit Order. The “Price” field will be filled with the up-to-date tariff Bitcoin Cash (BCH) was sold for. This can be changed to your preferred rate. The field with the “Amount” tag is the volumen of BCH you wish to purchase. The “Total” field is the whole price in Bitcoin that you'll pay for the whole quantity of BCH. If you are happy, click on “Buy BCH”. Your order will be filled when a Vendor sells their BCH for the price you offered.
Step 5 – Withdraw Bitcoin Cash (BCH) Unless you are regularly trading, best advise is not to keep your crypto coins on an Exchange for an longer time frame. To take off your Bitcoin Cash (BCH), go to the “Funds” tab and click on “Withdraw”. (BCH) Bitcoin Cash can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate (BCH) Bitcoin Cash by using the provided drop-down box. Drop in the amount of Bitcoin Cash (BCH) you would like to take off. Take into account the shown minimus/fees. Also make sure you have filled your right withdraw address. When you are satisfied, make a mouse click on “Submit”. You could be requested for verfication via phone/email ahead of a withdrawal.