A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in Liberia
Step 1 – Signup to CEX.io In the beginning you'll need to purchase units of the bigger coins. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Follow the Link below to register and getting your welcome BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Trader Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Exchange now. All exchanges have a deposit form that is identical. Bitcoin Cash (BCH) is available on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this manual) Make sure you've chosen the exact coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etc. If you are working with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow these easy steps).
Step 3 – Find (BCH) Bitcoin Cash As soon as your deposit has been verified, you will now have access to your assets and you can launch purchasing and trading. To purchase Bitcoin Cash (BCH) on Binance, you'll want to go to the “Exchange” tab and after that click on “Basic”. In order to locate (BCH) Bitcoin Cash, you will need to put the short name of the asset (BCH) into the search box, which is highlighted in the graphic. Make sure you have choosen the proper grouping, we've highlighted this too. Click on “BCH/BTC” to continue.
Step 4 – Purchase (BCH) Bitcoin Cash After you've discovered (BCH) Bitcoin Cash, you'll be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the image). Next we are making our Limit Order. The field with the “Price” tag will be filled with the most latest tariff (BCH) Bitcoin Cash was sold for. You can change this to your preferred price. The “Amount” field is the quantity of BCH you like to buy. The field with the “Total” tag is the total price in BTC that you'll pay for the whole volumen of BCH. When you are satisfied, click on “Buy BCH”. Your plan will be filled when a Seller sells their BCH for the price you submitted.
Step 5 – Withdraw Bitcoin Cash (BCH) Unless you are regularly trading, best advise is not to keep coins on an Cryptocurrency Exchange for an extensive time period. To take off your (BCH) Bitcoin Cash, go to the tab called “Funds” and click on “Withdraw”. Bitcoin Cash (BCH) 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 volumen of Bitcoin Cash (BCH) you'd wish to withdraw. Don't forget the displayed fees/minimums. Also make sure you have entered your right withdraw address. If you're satisfied, click “Submit”. You could be asked for verfication via email/phone ahead of a withdrawal.