A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in Germany
Step 1 – Join CEX.io You will first need to purchase units of the major coins. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Click the button below to register and receive your first Ethereum or Bitcoin.
Step 2 – Transfer Your Bitcoin or Ethereum to an Exchange Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is alike. Bitcoin Cash (BCH) is obtainable on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Crypto Exchange? (Follow this how-to) Make sure you have chosen the precise coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, and so on. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be different (Just follow our guide).
Step 3 – Locate Bitcoin Cash (BCH) As soon as your deposit has been affirmed, you will now have access to your assets and you can begin invest and trading. To buy (BCH) Bitcoin Cash on Binance, you'll want to go to the tab which is called “Exchange” and after that click on “Basic”. To locate Bitcoin Cash (BCH), you will need to put the short name of the asset (BCH) into the search-box, which is marked in the picture. Be certain of having choosen the proper pairing, we've marked this also. Click on “BCH/BTC” to go on.
Step 4 – Buying Bitcoin Cash (BCH) As soon as you have found Bitcoin Cash (BCH), you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the image). For now we are going to create our own Limit Order. The “Price” field will be filled automatically with the recent price (BCH) Bitcoin Cash was sold for. You can change this to your preferred rate. The “Amount” field is the amount of BCH you wish to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you will settle for the complete volumen of BCH. If you are satisfied, make a mouse click on “Buy BCH”. Your order will be filled when a Vender sells their BCH for the price you gave.
Step 5 – Withdraw Bitcoin Cash (BCH) Unless you're frequently trading, best advise is not to keep coins on an Crypto Trader for an extended period of time. To take off your Bitcoin Cash (BCH), hover over the tab called “Funds” and click on “Withdraw”. Bitcoin Cash (BCH) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate (BCH) Bitcoin Cash by using the given drop-down box. Enter the quantity of Bitcoin Cash (BCH) you would wish to take off. Take into account the demonstrated fees/minimums. Also make sure you have filled your right withdraw address. If you're happy, click on “Submit”. You could be asked for verfication via email/phone ahead of a withdrawal.