A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in India
Step 1 – Join Kraken You'll first need to buy units of the major coins. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Click below to register and to get your first Bitcoin or Ethereum.
Step 2 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an Exchange Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. Bitcoin Cash (BCH) is obtainable on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Just follow this how-to) Make sure you have selected the exact coin you want to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, et cetera. If you're using a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our manual).
Step 3 – Locate Bitcoin Cash (BCH) Once your deposit has been confirmed, you will directly have access to your finances and you can start purchasing and trading. To purchase Bitcoin Cash (BCH) on Binance, you will want to hover over the “Exchange” tab and after that mouse click on “Basic”. To find Bitcoin Cash (BCH), you'll need to put the shortname of the coin (BCH) into the search box, which is highlighted in the graphic. Be certain of having choosen the proper grouping, we've highlighted this also. Click on “BCH/BTC” to continue.
Step 4 – Acquisition of (BCH) Bitcoin Cash After you've located 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 automatically filled with the most recent price (BCH) Bitcoin Cash was traded for. This can be changed to your preferred rate. The “Amount” field is the volumen of BCH you want to purchase. The “Total” field is the whole price in Bitcoin that you will pay for the whole amount of BCH. When you are glad, make a mouse click on “Buy BCH”. Your order will be filled as soon as a Vendor sells their BCH for the price you offered.
Step 5 – Withdraw (BCH) Bitcoin Cash Unless you are trading, you should never keepyour crypto coins on an Exchange for an extended time frame. In order to take off your Bitcoin Cash (BCH), hover over the tab called “Funds” and mouse click on “Withdraw”. (BCH) Bitcoin Cash can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find (BCH) Bitcoin Cash by using the provided drop-down box. Put into the amount of Bitcoin Cash (BCH) you would like to take off. Take into account the presented minimus/fees. Also make sure you have filled your precise withdraw address. When you are satisfied, click on “Submit”. You may be asked for email/phone verification ahead of a withdrawal.