A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in Kiribati
Step 1 – Signup to Kraken You'll first need to buy one of the bigger coins. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Follow the Link below to register and receive your welcome Bitcoin or Ethereum.
Step 2 – Send Your Ethereum (ETH) or Bitcoin (BTC) to an Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Exchange now. Every exchange has a deposit form that is identical. Bitcoin Cash (BCH) is obtainable on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Exchange? (Follow this manual) Make sure you have chosen the exact coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so forth. If you're using a decentralized exchange, like Airswap or DDEX could be divergent (Follow our how-to).
Step 3 – Find (BCH) Bitcoin Cash As soon as your deposit has been confirmed, you will immediately have access to your funds and you can commence invest and trading. To invest in (BCH) Bitcoin Cash on Binance, you'll want to go to the tab which is called “Exchange” and click on “Basic”. In order to locate (BCH) Bitcoin Cash, you will need to insert the cointype (BCH) into the search box, which is highlighted in the image. Make sure you have choosen the right pairing, we have highlighted this too. Click on “BCH/BTC” to continue.
Step 4 – Purchase Bitcoin Cash (BCH) After you have located (BCH) Bitcoin Cash, you'll be given a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the picture). Next we are creating our own Limit Order. The field with the “Price” tag will be automatically filled with the up-to-date price (BCH) Bitcoin Cash was sold for. This can be changed to your preferred rate. The “Amount” field is the quantity of BCH you like to buy. The field with the “Total” tag is the whole price in BTC that you'll settle for the whole volumen of BCH. When you're happy, click on “Buy BCH”. Your plan will be filled when a Seller sells their BCH for the price you offered.
Step 5 – Withdraw Bitcoin Cash (BCH) Unless you are trading, best advise is not to keep crypto coins on an Crypto Trader for an extensive time period. To withdraw your Bitcoin Cash (BCH), go to the tab called “Funds” 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. Drop in the amount of Bitcoin Cash (BCH) you'd wish to take off. Don't forget the demonstrated fees/minimums. Also make sure you have entered your right withdraw address. If you are happy, click “Submit”. You could be asked for email/phone verification ahead of a take off.