A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in Kenya
Step 1 – Signup to Kraken You'll first need to purchase one of the bigger currencies. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click the button below for registration and getting your welcome BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Send Your Ethereum or Bitcoin to an Crypto Trader Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is identical. Bitcoin Cash (BCH) is accessible on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow these easy steps) Make sure you have selected the exact coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. If you are working with a decentralized exchange, like Airswap or DDEX could be different (Just follow our how-to).
Step 3 – Find Bitcoin Cash (BCH) As soon as your deposit has been verified, you will now have access to your funds and you can commence invest and trading. To purchase (BCH) Bitcoin Cash on Binance, you will want to hover over the tab which is called “Exchange” and mouse click on “Basic”. In order to locate (BCH) Bitcoin Cash, you'll need to insert the cointype (BCH) into the search box, which is highlighted in the image. Be certain of having choosen the proper pairing, we have highlighted this also. Click on “BCH/BTC” to advance.
Step 4 – Acquisition of (BCH) Bitcoin Cash As soon as you have discovered (BCH) Bitcoin Cash, you will be presented with a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). Next we are creating our own Limit Order. The “Price” field will be filled automatically with the most recent price Bitcoin Cash (BCH) was traded for. This can be changed to your favoured rate. The “Amount” field is the quantity of BCH you like to purchase. The field with the “Total” tag is the total price in BTC that you'll pay for the complete volumen of BCH. If you are happy, make a mouse click on “Buy BCH”. Your plan will be filled as soon as a Seller trades their BCH for the price you gave.
Step 5 – Withdraw Bitcoin Cash (BCH) Unless you're frequently trading, you should never keepyour coins on an Exchange for an longer period of time. To take off your Bitcoin Cash (BCH), go to the “Funds” tab and click on “Withdraw”. (BCH) Bitcoin Cash can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Bitcoin Cash (BCH) by using the provided drop-down box. Enter the volumen of (BCH) Bitcoin Cash you'd wish to take off. Don't forget the presented minimus/fees. Also make sure you have entered your precise withdraw address. If you are happy, make a mouse click on “Submit”. You may be asked for verfication via phone/email before a withdrawal.