A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in Ethiopia
Step 1 – Signup to Kraken You'll first need to purchase units of the bigger currencies. Exchanges normally accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click below for registration and to get your welcome Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Exchange Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is identical. 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 Crypto Trader? (Just follow this manual) Make sure you have chosen the exact coin you want to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our manual).
Step 3 – Find Bitcoin Cash (BCH) As soon as your deposit has been verified, you'll instantly have access to your funds and you can initiate purchasing and trading. To purchase (BCH) Bitcoin Cash on Binance, you will want to hover over the “Exchange” tab and after that click on “Basic”. In order to spot Bitcoin Cash (BCH), you'll need to put the shortname of the coin (BCH) into the search-box, which is highlighted in the image. Be certain of having choosen the right grouping, we have highlighted this too. Click on “BCH/BTC” to proceed.
Step 4 – Acquisition of (BCH) Bitcoin Cash As soon as you have found (BCH) Bitcoin Cash, you'll be given a Price Chart (in the Center of the image) and some Order Books (on the Left of the picture). Next we are creating our own Limit Order. The “Price” field will be filled with the up-to-date price (BCH) Bitcoin Cash was sold for. This can be changed to your favoured price. The “Amount” field is the amount of BCH you want to buy. The “Total” field is the total price in BTC that you will pay for the whole quantity of BCH. If you're satisfied, make a mouse click on “Buy BCH”. Your plan will be filled when a Vender sells their BCH for the price you introduced.
Step 5 – Withdraw (BCH) Bitcoin Cash Unless you're regularly trading, best advise is not to keep your coins on an Cryptocurrency Exchange for an extensive time period. In order to withdraw your Bitcoin Cash (BCH), hover over the “Funds” tab and mouse 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 quantity of (BCH) Bitcoin Cash you'd like to take off. Don't forget the shown minimus/fees. Also make sure you have filled your precise withdraw address. If you're satisfied, make a mouse click on “Submit”. You could be asked for phone/email verification before a withdrawal.