A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in Iraq
Step 1 – Signup to Kraken In the beginning you'll need to purchase one of the major coins. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Follow the Link below for registration and to get your welcome BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Send Your Funds to an Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Exchange now. Every exchange has a deposit form that is alike. Bitcoin Cash (BCH) is accessible on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this guide) Make sure you've selected the correct coin you want to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, et cetera. In the case you're working with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our how-to).
Step 3 – Find (BCH) Bitcoin Cash Once your deposit has been verified, you'll instantly have access to your finances and you can begin buying and trading. To invest in (BCH) Bitcoin Cash on Binance, you'll want to go to the “Exchange” tab and mouse click on “Basic”. To discover Bitcoin Cash (BCH), you'll need to insert the cointype (BCH) into the search-box, which is highlighted in the graphic. Make sure you have selected the correct grouping, we've marked this too. Click on “BCH/BTC” to advance.
Step 4 – Buy Bitcoin Cash (BCH) Once you have found (BCH) Bitcoin Cash, you'll be given a Price Chart (in the Center of the picture) and some Order Books (Leftside of the image). Next we're creating our own Limit Order. The field with the “Price” tag will be filled with the most recent valuation (BCH) Bitcoin Cash was traded for. This can be changed to your favoured rate. The “Amount” field is the quantity of BCH you want to buy. The “Total” field is the aggregated price in Bitcoin that you will settle for the whole volumen of BCH. If you're satisfied, click on “Buy BCH”. Your order will be filled when a Vender trades their BCH for the price you gave.
Step 5 – Withdraw Bitcoin Cash (BCH) Unless you're frequently trading, never keep your crypto on an Crypto Trader for an extensive period of time. To take off your Bitcoin Cash (BCH), hover over the tab called “Funds” and mouse click on “Withdraw”. Bitcoin Cash (BCH) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Bitcoin Cash (BCH) by using the given drop-down box. Drop in the volumen of (BCH) Bitcoin Cash you would wish to take off. Take into account the presented minimus/fees. Also make sure you have entered your correct withdraw address. When you are happy, click “Submit”. You could be requested for phone/email verification ahead of a take off.