A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in Japan
Step 1 – Signup to Kraken In the beginning you'll need to buy units of the bigger coins. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Follow the Link below to register and to get your welcome ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Trader Your Ethereum or Bitcoin has to be sent over to an Exchange now. Every exchange has a deposit form that is similar. Bitcoin Cash (BCH) is accessible on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Exchange? (Just follow this manual) Make sure you have selected the right coin you wish to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etcetera. In the case you are using a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our how-to).
Step 3 – Find Bitcoin Cash (BCH) As soon as your deposit has been affirmed, you will now have access to your funds and you can launch buying and trading. To buy (BCH) Bitcoin Cash on Binance, you'll want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”. In order to locate Bitcoin Cash (BCH), you will need to put the cointype (BCH) into the search-box, which is highlighted in the graphic. Make sure you have selected the correct grouping, we have highlighted this too. Click on “BCH/BTC” to proceed.
Step 4 – Acquisition of Bitcoin Cash (BCH) Once you've discovered Bitcoin Cash (BCH), you'll be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the image). And now we're going to create our own Limit Order. The “Price” field will be filled automatically with the latest tariff (BCH) Bitcoin Cash was traded for. This can be changed to your favoured rate. The “Amount” field is the amount of BCH you want to buy. The field with the “Total” tag is the whole price in BTC that you'll pay for the whole volumen of BCH. When you're satisfied, make a mouse click on “Buy BCH”. Your order will be filled as soon as a Vendor trades their BCH for the price you offered.
Step 5 – Withdraw Bitcoin Cash (BCH) Unless you're frequently trading, you should never keepyour coins on an Crypto Exchange for an longer time frame. In order to take off your (BCH) Bitcoin Cash, hover over the tab called “Funds” and mouse click on “Withdraw”. (BCH) Bitcoin Cash can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Bitcoin Cash (BCH) by using the provided drop-down box. Put into the quantity of Bitcoin Cash (BCH) you'd wish to withdraw. Don't forget the displayed fees/minimums. Also make sure you have filled your right withdraw address. When you are happy, click “Submit”. You could be requested for verfication via phone/email before a withdrawal.