A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in Kuwait
Step 1 – Signup to Kraken You will first need to purchase one of the top-tier currencies. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Click the button below for registration and receive your first ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transmit 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 similar. Bitcoin Cash (BCH) is accessible on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Crypto Exchange? (Just follow these easy steps) Make sure you've chosen the exact coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, etcetera. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our how-to).
Step 3 – Find Bitcoin Cash (BCH) Once your deposit has been affirmed, you'll instantly have access to your assets and you can start purchasing and trading. To buy Bitcoin Cash (BCH) on Binance, you will want to go to the “Exchange” tab and then click on “Basic”. To locate (BCH) Bitcoin Cash, you will need to put the shortname of the coin (BCH) into the search-box, which is marked in the image. Make sure you have choosen the correct pairing, we've highlighted this also. Click on “BCH/BTC” to progress.
Step 4 – Acquisition of Bitcoin Cash (BCH) As soon as you have spotted (BCH) Bitcoin Cash, you'll be presented with a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the image). And now we're creating our Limit Order. The field with the “Price” tag will be filled automatically with the latest rate (BCH) Bitcoin Cash was traded for. You can change this to your preferred rate. The “Amount” field is the quantity of BCH you wish to purchase. The field with the “Total” tag is the total price in BTC that you will settle for the complete quantity of BCH. If you're glad, click on “Buy BCH”. Your order will be filled as soon as a Vender trades their BCH for the price you introduced.
Step 5 – Withdraw (BCH) Bitcoin Cash Unless you are regularly trading, best advise is not to keep your crypto coins on an Exchange for an extensive time frame. In order to withdraw your (BCH) Bitcoin Cash, hover over the tab called “Funds” and mouse click on “Withdraw”. Bitcoin Cash (BCH) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find (BCH) Bitcoin Cash by using the provided drop-down box. Put into the volumen of (BCH) Bitcoin Cash you would like to take off. Don't forget the displayed minimus/fees. Also make sure you have filled your right withdraw address. When you're satisfied, make a mouse click on “Submit”. You could be asked for email/phone verification ahead of a withdrawal.