A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in Honduras
Step 1 – Signup to Kraken You'll first need to purchase one of the top-tier coins. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click below to register and receive your first Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transmit Your Funds to an Cryptocurrency Exchange Your Ethereum or Bitcoin has to be sent over to an Crypto Exchange 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 illustration. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Just follow this manual) Make sure you've selected the correct coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, etcetera. In the case you're using a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our how-to).
Step 3 – Locate Bitcoin Cash (BCH) As soon as your deposit has been verified, you'll now have access to your finances and you can begin invest and trading. To invest in Bitcoin Cash (BCH) on Binance, you will want to hover over the tab which is called “Exchange” and mouse click on “Basic”. In order to locate Bitcoin Cash (BCH), you'll need to put the short name of the asset (BCH) into the search box, which is highlighted in the picture. Make sure you have choosen the right grouping, we've highlighted this too. Click on “BCH/BTC” to continue.
Step 4 – Buy Bitcoin Cash (BCH) As soon as you've found Bitcoin Cash (BCH), you'll be given a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). Next we're making our own Limit Order. The field with the “Price” tag will be filled with the up-to-date valuation (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 wish to buy. The “Total” field is the aggregated price in Bitcoin that you'll pay for the whole volumen of BCH. If you're happy, make a mouse click on “Buy BCH”. Your plan will be filled as soon as a Vender trades their BCH for the price you gave.
Step 5 – Withdraw Bitcoin Cash (BCH) Unless you're trading, best advise is not to keep crypto on an Crypto Exchange for an extensive period of time. In order to take off your (BCH) Bitcoin Cash, go to the “Funds” tab and click on “Withdraw”. Bitcoin Cash (BCH) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate (BCH) Bitcoin Cash by using the given drop-down box. Drop in the quantity of (BCH) Bitcoin Cash you would like to take off. Don't forget the shown fees/minimums. Also make sure you have filled your right withdraw address. When you're happy, click on “Submit”. You could be asked for phone/email verification before a withdrawal.