A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in Grenada
Step 1 – Join CEX.io In the beginning you'll need to buy one of the major currencies. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click the button below for registration and getting your first Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transmit Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Trader Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Exchange now. Every exchange has a deposit form that is alike. Bitcoin Cash (BCH) is available on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this how-to) Make sure you've chosen the correct coin you would like to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. If you're using a decentralized exchange, like Airswap or DDEX could be different (Just follow our guide).
Step 3 – Find Bitcoin Cash (BCH) As soon as your deposit has been verified, you'll instantly have access to your finances and you can launch purchasing and trading. To purchase (BCH) Bitcoin Cash on Binance, you'll want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”. In order to discover Bitcoin Cash (BCH), you'll need to put the cointype (BCH) into the search-box, which is highlighted in the graphic. Be certain of having choosen the correct grouping, we've marked this also. Click on “BCH/BTC” to go on.
Step 4 – Buying Bitcoin Cash (BCH) Once you have found Bitcoin Cash (BCH), you will be given a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the picture). Next we're going to make our Limit Order. The “Price” field will be filled with the latest tariff Bitcoin Cash (BCH) was traded for. You can change this to your preferred rate. The “Amount” field is the volumen of BCH you like to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you will pay for the complete quantity of BCH. If you're satisfied, click on “Buy BCH”. Your order will be filled as soon as a Vendor trades their BCH for the price you gave.
Step 5 – Withdraw (BCH) Bitcoin Cash Unless you're trading, never keep your coins on an Cryptocurrency Exchange for an extensive period of time. In order 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, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Bitcoin Cash (BCH) by using the provided drop-down box. Enter the amount of (BCH) Bitcoin Cash you would wish to take off. Don't forget the displayed fees/minimums. Also make sure you have filled your precise withdraw address. If you're satisfied, click “Submit”. You may be requested for verfication via phone/email ahead of a withdrawal.