A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in Kuwait
Step 1 – Signup to Coinbase and get 10$ for free You'll first need to purchase units of the bigger coins. Exchanges normally accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Follow the Link below to register and getting your welcome 10 Dollar.
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Exchange Your Bitcoin (BTC) or Ethereum (ETH) 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're going to use that as an illustration. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this how-to) Make sure you've chosen the exact coin you want to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Follow our guide).
Step 3 – Locate Bitcoin Cash (BCH) As soon as your deposit has been affirmed, you'll directly have access to your assets and you can start buying and trading. To purchase Bitcoin Cash (BCH) on Binance, you'll want to hover over the “Exchange” tab and mouse click on “Basic”. To find Bitcoin Cash (BCH), you will need to put the cointype (BCH) into the search box, which is marked in the graphic. Make sure you have choosen the right grouping, we've marked this too. Click on “BCH/BTC” to proceed.
Step 4 – Acquisition of Bitcoin Cash (BCH) After you've located 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). For now we are going to create our own Limit Order. The field with the “Price” tag will be filled automatically with the recent price (BCH) Bitcoin Cash was traded for. This can be changed to your desired rate. The “Amount” field is the volumen of BCH you wish to buy. The “Total” field is the aggregated price in BTC that you will pay for the whole amount of BCH. When you're satisfied, click on “Buy BCH”. Your plan will be filled as soon as a Vendor trades their BCH for the price you gave.
Step 5 – Withdraw (BCH) Bitcoin Cash Unless you're regularly trading, best advise is not to keep coins on an Exchange for an extended period of time. To withdraw your Bitcoin Cash (BCH), hover over the tab called “Funds” and mouse click on “Withdraw”. Bitcoin Cash (BCH) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Bitcoin Cash (BCH) by using the given drop-down box. Put into the volumen of (BCH) Bitcoin Cash you would like to take off. Don't forget the presented minimus/fees. Also make sure you have filled your precise withdraw address. If you are glad, click on “Submit”. You could be requested for phone/email verification ahead of a withdrawal.