A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in Malawi
Step 1 – Join Coinbase and recieve 10$ for free You'll first need to purchase units of the major coins. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click below for registration and to get your first 10 Dollar.
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Exchange Your Ethereum or Bitcoin has to be sent over to an Cryptocurrency Exchange now. All exchanges have 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 Crypto Trader? (Follow this guide) Make sure you have chosen the correct coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so on. If you are working with a decentralized exchange, such as Airswap or DDEX could be different (Follow these easy steps).
Step 3 – Locate Bitcoin Cash (BCH) As soon as your deposit has been approved, you'll immediately have access to your assets and you can begin purchasing and trading. To buy (BCH) Bitcoin Cash on Binance, you'll want to hover over the tab which is called “Exchange” and then click on “Basic”. To discover Bitcoin Cash (BCH), you will need to insert the short name of the asset (BCH) into the search box, which is marked in the image. Make sure you have selected the right grouping, we have marked this too. Click on “BCH/BTC” to advance.
Step 4 – Purchasing (BCH) Bitcoin Cash Once you have discovered (BCH) Bitcoin Cash, you'll be given a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the picture). And now we are creating our Limit Order. The field with the “Price” tag will be filled with the up-to-date tariff Bitcoin Cash (BCH) was sold for. You can change this to your favoured price. The “Amount” field is the volumen of BCH you like to purchase. The “Total” field is the whole price in Bitcoin that you will settle for the whole amount of BCH. When you are satisfied, make a mouse click on “Buy BCH”. Your plan will be filled when a Vender sells their BCH for the price you gave.
Step 5 – Withdraw Bitcoin Cash (BCH) Unless you're frequently trading, best advise is not to keep crypto coins on an Cryptocurrency Exchange for an extensive time period. To withdraw your (BCH) Bitcoin Cash, hover over the tab called “Funds” and mouse click on “Withdraw”. (BCH) Bitcoin Cash can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Bitcoin Cash (BCH) by using the given drop-down box. Drop in the amount of Bitcoin Cash (BCH) you'd wish to withdraw. Take into account the presented minimus/fees. Also make sure you have filled your correct withdraw address. When you're happy, make a mouse click on “Submit”. You may be asked for email/phone verification before a take off.