A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in Georgia
Step 1 – Join Coinbase and get 10$ for free In the beginning you'll need to buy one of the major currencies. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Click the button below for registration and receive your first 10 Dollar.
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Cryptocurrency Exchange Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. Bitcoin Cash (BCH) is accessible on Binance, so we're going to use that as an sample. Unsure on how to send Coinbase funds to an Crypto Trader? (Just follow this manual) Make sure you have selected the precise coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etc. If you're using a decentralized exchange, like Airswap or DDEX could be opposed (Just follow these easy steps).
Step 3 – Locate Bitcoin Cash (BCH) Once your deposit has been affirmed, you'll instantly have access to your finances and you can launch purchasing and trading. To buy Bitcoin Cash (BCH) on Binance, you'll want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”. To spot Bitcoin Cash (BCH), you will need to put the cointype (BCH) into the search box, which is marked in the picture. Make sure you have choosen the correct pairing, we have highlighted this too. Click on “BCH/BTC” to continue.
Step 4 – Buying Bitcoin Cash (BCH) Once you have spotted Bitcoin Cash (BCH), you'll be presented with a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). For now we're creating our own Limit Order. The field with the “Price” tag will be automatically filled with the recent tariff (BCH) Bitcoin Cash was traded for. This can be changed to your favoured price. The field with the “Amount” tag is the volumen of BCH you want to buy. The field with the “Total” tag is the aggregated price in BTC that you will settle for the whole amount of BCH. If you're glad, click on “Buy BCH”. Your plan will be filled when a Vendor trades their BCH for the price you introduced.
Step 5 – Withdraw Bitcoin Cash (BCH) Unless you are trading, never keep your crypto on an Exchange for an extended time period. In order to withdraw your (BCH) Bitcoin Cash, go to the tab called “Funds” and mouse click on “Withdraw”. (BCH) Bitcoin Cash can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Bitcoin Cash (BCH) by using the given drop-down box. Enter the volumen of Bitcoin Cash (BCH) you'd wish to take off. Take into account the displayed fees/minimums. Also make sure you have filled your correct withdraw address. When you are happy, make a mouse click on “Submit”. You may be asked for phone/email verification ahead of a take off.