A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in Italy
Step 1 – Join Kraken You will first need to purchase units of the major coins. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click below for registration and to get your first Bitcoin or Ethereum.
Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Trader Your Ethereum or Bitcoin will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. Bitcoin Cash (BCH) is accessible on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Crypto Trader? (Follow this how-to) Make sure you've chosen the precise coin you wish to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so forth. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our how-to).
Step 3 – Locate Bitcoin Cash (BCH) Once your deposit has been affirmed, you will now have access to your assets and you can launch buying and trading. To invest in Bitcoin Cash (BCH) on Binance, you will want to go to the “Exchange” tab and click on “Basic”. To locate (BCH) Bitcoin Cash, you will need to put the cointype (BCH) into the search-box, which is marked in the image. Make sure you have selected the correct pairing, we've marked this also. Click on “BCH/BTC” to progress.
Step 4 – Purchase Bitcoin Cash (BCH) Once you have located (BCH) Bitcoin Cash, you will 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 create our own Limit Order. The field with the “Price” tag will be automatically filled with the most latest rate Bitcoin Cash (BCH) was sold for. You can change this to your preferred rate. The field with the “Amount” tag is the amount of BCH you like to purchase. The “Total” field is the whole price in Bitcoin that you will pay for the whole quantity of BCH. When you're glad, make a mouse click on “Buy BCH”. Your order will be filled as soon as a Vendor trades their BCH for the price you gave.
Step 5 – Withdraw (BCH) Bitcoin Cash Unless you're frequently trading, you should never keepyour crypto on an Exchange for an extended time frame. To withdraw your (BCH) Bitcoin Cash, hover over the tab called “Funds” and click on “Withdraw”. Bitcoin Cash (BCH) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate (BCH) Bitcoin Cash by using the given drop-down box. Enter the volumen of Bitcoin Cash (BCH) you would like to take off. Don't forget the demonstrated fees/minimums. Also make sure you have entered your right withdraw address. When you are satisfied, click on “Submit”. You may be asked for phone/email verification ahead of a withdrawal.