A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in Lithuania
Step 1 – Signup to Coinbase and recieve 10$ for free You'll first need to buy units of the bigger coins. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Follow the Link below to register and to get your welcome 10 Dollar.
Step 2 – Transfer Your Funds to an Crypto Trader Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. Bitcoin Cash (BCH) is available on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this how-to) Make sure you've selected the correct coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so forth. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our how-to).
Step 3 – Locate Bitcoin Cash (BCH) As soon as your deposit has been affirmed, you will now have access to your finances and you can start invest and trading. To purchase Bitcoin Cash (BCH) on Binance, you will want to go to the “Exchange” tab and after that click on “Basic”. In order to find Bitcoin Cash (BCH), you will need to insert the short name of the asset (BCH) into the search box, which is marked in the picture. Make sure you have choosen the correct grouping, we've highlighted this also. Click on “BCH/BTC” to progress.
Step 4 – Buying (BCH) Bitcoin Cash After you have discovered Bitcoin Cash (BCH), you'll be presented with a Price Chart (in the Center of the image) and some Order Books (Leftside of the picture). Next we are going to create our Limit Order. The “Price” field will be filled with the up-to-date tariff (BCH) Bitcoin Cash was sold for. You can change this to your preferred price. The “Amount” field is the quantity of BCH you wish to buy. The field with the “Total” tag is the aggregated price in BTC that you will settle for the whole volumen of BCH. When you are satisfied, make a mouse click on “Buy BCH”. Your plan will be filled as soon as a Vendor sells their BCH for the price you submitted.
Step 5 – Withdraw (BCH) Bitcoin Cash Unless you are frequently trading, you should never keepyour coins on an Crypto Exchange for an extended time frame. To take off your (BCH) Bitcoin Cash, go to the tab called “Funds” and mouse click on “Withdraw”. (BCH) Bitcoin Cash can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Bitcoin Cash (BCH) by using the provided drop-down box. Enter the quantity of Bitcoin Cash (BCH) you would wish to withdraw. Take into account the presented minimus/fees. Also make sure you have entered your right withdraw address. If you're satisfied, click on “Submit”. You may be requested for email/phone verification ahead of a take off.