A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in Jersey
Step 1 – Signup to Kraken You'll first need to buy one of the bigger currencies. Exchanges commonly accept either Ethereum or Bitcoin in exchange for alternative Coins. Click the button below to register and receive your first ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transfer Your BTC (Bitcoin) or ETH (Ethereum) to an Cryptocurrency Exchange Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Exchange now. All exchanges have a deposit form that is alike. Bitcoin Cash (BCH) is available on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Exchange? (Just follow this how-to) Make sure you have selected the precise coin you want to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our how-to).
Step 3 – Locate Bitcoin Cash (BCH) As soon as your deposit has been verified, you will now have access to your finances and you can launch buying and trading. To invest in (BCH) Bitcoin Cash on Binance, you'll want to hover over the “Exchange” tab and click on “Basic”. In order to spot (BCH) Bitcoin Cash, you will need to put the shortname of the coin (BCH) into the search box, which is highlighted in the graphic. Be certain of having choosen the right pairing, we have highlighted this also. Click on “BCH/BTC” to progress.
Step 4 – Purchasing Bitcoin Cash (BCH) As soon as you've found Bitcoin Cash (BCH), you will be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the image). For now we're creating our own Limit Order. The field with the “Price” tag will be filled with the most recent tariff (BCH) Bitcoin Cash was traded for. This can be changed to your desired rate. The field with the “Amount” tag is the amount of BCH you wish to purchase. The “Total” field is the total price in BTC that you'll settle for the complete volumen of BCH. If you are happy, click on “Buy BCH”. Your order will be filled when a Vendor sells their BCH for the price you introduced.
Step 5 – Withdraw (BCH) Bitcoin Cash Unless you're trading, you should never keepyour crypto coins on an Crypto Exchange for an extensive period of time. To take off your (BCH) Bitcoin Cash, go to the tab called “Funds” and mouse click on “Withdraw”. (BCH) Bitcoin Cash can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate (BCH) Bitcoin Cash by using the provided drop-down box. Enter the amount of Bitcoin Cash (BCH) you'd like to take off. Don't forget the shown fees/minimums. Also make sure you have entered your precise withdraw address. If you are happy, click on “Submit”. You may be requested for email/phone verification before a withdrawal.