A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in Guyana
Step 1 – Join CEX.io You'll first need to buy one of the bigger coins. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click below for registration and receive your welcome ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transfer Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Trader Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Exchange now. All exchanges have a deposit form that is identical. Bitcoin Cash (BCH) is accessible on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Crypto Trader? (Just follow this guide) Make sure you've chosen the precise coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, et cetera. If you are dealing with a decentralized exchange, like Airswap or DDEX could be different (Follow our manual).
Step 3 – Locate Bitcoin Cash (BCH) As soon as your deposit has been verified, you will immediately have access to your assets and you can launch buying and trading. To purchase (BCH) Bitcoin Cash on Binance, you'll want to hover over the tab which is called “Exchange” and click on “Basic”. In order to find (BCH) Bitcoin Cash, you'll need to insert the short name of the asset (BCH) into the search-box, which is highlighted in the image. Be certain of having choosen the proper pairing, we have marked this too. Click on “BCH/BTC” to go on.
Step 4 – Buy Bitcoin Cash (BCH) After you have located (BCH) Bitcoin Cash, you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the picture). Next we are going to create our own Limit Order. The field with the “Price” tag will be filled with the most up-to-date rate Bitcoin Cash (BCH) was sold for. You can change this to your favoured price. The field with the “Amount” tag is the quantity of BCH you wish to buy. The “Total” field is the aggregated price in Bitcoin that you will pay for the whole volumen of BCH. When you're happy, click on “Buy BCH”. Your order will be filled when a Vender sells their BCH for the price you introduced.
Step 5 – Withdraw (BCH) Bitcoin Cash Unless you are regularly trading, you should never keepyour coins on an Exchange for an extensive period of time. In order to withdraw your Bitcoin Cash (BCH), hover over the “Funds” tab and mouse click on “Withdraw”. Bitcoin Cash (BCH) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Bitcoin Cash (BCH) by using the provided drop-down box. Put into the quantity of (BCH) Bitcoin Cash you would like to withdraw. Don't forget the presented minimus/fees. Also make sure you have entered your correct withdraw address. If you're glad, make a mouse click on “Submit”. You could be asked for phone/email verification before a withdrawal.