A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in India
Step 1 – Signup to Coinbase – Get Free $10 You'll first need to purchase one of the bigger currencies. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Click the button below for registration and getting your first 10 Dollar.
Step 2 – Transfer Your Ethereum or Bitcoin to an Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Trader now. All exchanges have 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 Coinbase funds to an Crypto Exchange? (Just follow this how-to) Make sure you've chosen the precise coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etc. If you are working with a decentralized exchange, like Airswap or DDEX could be opposed (Follow our manual).
Step 3 – Find Bitcoin Cash (BCH) Once your deposit has been verified, you will now have access to your funds and you can launch purchasing and trading. To purchase Bitcoin Cash (BCH) on Binance, you will want to go to the tab which is called “Exchange” and after that click on “Basic”. In order to spot (BCH) Bitcoin Cash, you will need to put the cointype (BCH) into the search box, which is marked in the picture. Be certain of having selected the proper grouping, we have marked this also. Click on “BCH/BTC” to continue.
Step 4 – Purchase (BCH) Bitcoin Cash After you have located Bitcoin Cash (BCH), you'll be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the image). Next we're going to make our Limit Order. The field with the “Price” tag will be filled automatically with the latest tariff Bitcoin Cash (BCH) was sold for. You can change this to your preferred rate. The “Amount” field is the volumen of BCH you wish to buy. The “Total” field is the whole price in BTC that you will pay for the whole quantity of BCH. When you are happy, make a mouse click on “Buy BCH”. Your order will be filled as soon as a Vender trades their BCH for the price you introduced.
Step 5 – Withdraw Bitcoin Cash (BCH) Unless you're trading, best advise is not to keep your crypto coins on an Crypto Exchange for an longer time frame. To take off your (BCH) Bitcoin Cash, hover over the “Funds” tab and mouse click on “Withdraw”. (BCH) Bitcoin Cash can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find (BCH) Bitcoin Cash by using the provided drop-down box. Enter the volumen of Bitcoin Cash (BCH) you would wish to take off. Don't forget the displayed fees/minimums. Also make sure you have filled your right withdraw address. If you are happy, make a mouse click on “Submit”. You could be asked for email/phone verification before a withdrawal.