A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in Guatemala
Step 1 – Signup to Kraken You'll first need to purchase units of the bigger currencies. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Click the button below to register and getting your first Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transmit Your Funds to an Exchange Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is identical. Bitcoin Cash (BCH) is available on Binance, so we're going to use that as an sample. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Follow this how-to) Make sure you have selected the exact coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. If you are working with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our how-to).
Step 3 – Find Bitcoin Cash (BCH) Once your deposit has been approved, you'll directly have access to your finances and you can initiate invest and trading. To purchase Bitcoin Cash (BCH) on Binance, you'll want to go to the tab which is called “Exchange” and click on “Basic”. In order to locate (BCH) Bitcoin Cash, you will need to put the short name of the asset (BCH) into the search-box, which is marked in the picture. Make sure you have choosen the proper grouping, we have marked this also. Click on “BCH/BTC” to go ahead.
Step 4 – Acquisition of (BCH) Bitcoin Cash As soon as you have discovered (BCH) Bitcoin Cash, you will be presented with a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the image). And now we are creating our Limit Order. The field with the “Price” tag will be automatically filled with the latest tariff (BCH) Bitcoin Cash was sold for. You can change this to your desired price. The “Amount” field is the volumen of BCH you want to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you will pay for the complete volumen of BCH. If you're glad, click on “Buy BCH”. Your order will be filled as soon as a Seller trades their BCH for the price you submitted.
Step 5 – Withdraw Bitcoin Cash (BCH) Unless you're frequently trading, best advise is not to keep your crypto on an Crypto Exchange for an extended period of time. In order to take off your Bitcoin Cash (BCH), hover over the tab called “Funds” and click on “Withdraw”. (BCH) Bitcoin Cash can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Bitcoin Cash (BCH) by using the given drop-down box. Put into the quantity of (BCH) Bitcoin Cash you'd wish to take off. Take into account the presented fees/minimums. Also make sure you have entered your right withdraw address. If you are satisfied, click “Submit”. You may be requested for phone/email verification before a withdrawal.