A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in Jamaica
Step 1 – Signup to Kraken You'll first need to buy units of the bigger currencies. Exchanges commonly accept either Ethereum or Bitcoin in exchange for Altcoins. Follow the Link below to register and getting your first Bitcoin or Ethereum.
Step 2 – Transfer Your Bitcoin or Ethereum to an Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is alike. Bitcoin Cash (BCH) is obtainable on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Trader? (Just follow this manual) Make sure you have chosen the exact coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be different (Follow our guide).
Step 3 – Locate (BCH) Bitcoin Cash Once your deposit has been verified, you'll now have access to your finances and you can begin purchasing and trading. To invest in Bitcoin Cash (BCH) on Binance, you will want to go to the “Exchange” tab and then click on “Basic”. In order to discover Bitcoin Cash (BCH), you will need to insert the cointype (BCH) into the search-box, which is marked in the image. Make sure you have choosen the proper pairing, we have highlighted this too. Click on “BCH/BTC” to go ahead.
Step 4 – Acquisition of Bitcoin Cash (BCH) After you've spotted 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). And now we are making our Limit Order. The field with the “Price” tag will be automatically filled with the most latest price (BCH) Bitcoin Cash was traded for. You can change this to your favoured price. The “Amount” field is the amount of BCH you wish to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you'll pay for the complete amount of BCH. When you're satisfied, click on “Buy BCH”. Your order will be filled when a Vendor sells their BCH for the price you offered.
Step 5 – Withdraw (BCH) Bitcoin Cash Unless you are frequently trading, you should never keepyour coins on an Cryptocurrency Exchange for an longer time period. To withdraw your Bitcoin Cash (BCH), hover over the “Funds” tab and mouse click on “Withdraw”. Bitcoin Cash (BCH) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Bitcoin Cash (BCH) by using the given drop-down box. Enter the volumen of (BCH) Bitcoin Cash you would wish to take off. Don't forget the shown minimus/fees. Also make sure you have filled your correct withdraw address. If you're glad, click “Submit”. You may be asked for verfication via email/phone ahead of a withdrawal.