A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in Gabon
Step 1 – Signup to Kraken In the beginning you'll need to buy one of the major coins. Exchanges usually accept either Ethereum or Bitcoin in exchange for Altcoins. Click below to register and to get your first Ethereum or Bitcoin.
Step 2 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Trader Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Trader now. Every exchange has 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 Coinbase funds to an Crypto Exchange? (Follow these easy steps) Make sure you've chosen the precise coin you want to deposit. BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etc. In the case you are using a decentralized exchange, such as Airswap or DDEX could be different (Follow our how-to).
Step 3 – Locate Bitcoin Cash (BCH) Once your deposit has been confirmed, you will immediately have access to your funds and you can initiate buying and trading. To invest in (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 short name of the asset (BCH) into the search box, which is marked in the picture. Be certain of having selected the right pairing, we've marked this too. Click on “BCH/BTC” to proceed.
Step 4 – Buy Bitcoin Cash (BCH) Once you've discovered (BCH) Bitcoin Cash, you will be presented with 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 automatically filled with the latest valuation (BCH) Bitcoin Cash was sold for. You can change this to your preferred rate. The “Amount” field is the volumen of BCH you want to purchase. The field with the “Total” tag is the total price in BTC that you will settle for the whole volumen of BCH. When you are happy, click on “Buy BCH”. Your order will be filled when a Vender sells their BCH for the price you offered.
Step 5 – Withdraw Bitcoin Cash (BCH) Unless you're frequently trading, never keep your crypto on an Crypto Trader for an extended period of time. In order to withdraw your Bitcoin Cash (BCH), go to the “Funds” tab and mouse click on “Withdraw”. Bitcoin Cash (BCH) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find (BCH) Bitcoin Cash by using the given drop-down box. Drop in the volumen of Bitcoin Cash (BCH) you'd wish to withdraw. Don't forget the shown minimus/fees. Also make sure you have filled your precise withdraw address. When you're satisfied, make a mouse click on “Submit”. You may be requested for verfication via phone/email ahead of a take off.