A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in Malaysia
Step 1 – Signup to CEX.io You will first need to buy units of the bigger coins. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click the button below to register and to get your welcome BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Trader Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. Bitcoin Cash (BCH) is available on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this manual) Make sure you've selected the exact coin you want to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, and so on. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be different (Just follow these easy steps).
Step 3 – Find (BCH) Bitcoin Cash Once your deposit has been confirmed, you will directly have access to your funds and you can commence buying and trading. To invest in Bitcoin Cash (BCH) on Binance, you'll want to go to the “Exchange” tab and then mouse click on “Basic”. To spot Bitcoin Cash (BCH), you'll need to insert the short name of the asset (BCH) into the search box, which is marked in the picture. Be certain of having selected the right pairing, we have highlighted this also. Click on “BCH/BTC” to go on.
Step 4 – Acquisition of (BCH) Bitcoin Cash Once you've found Bitcoin Cash (BCH), you'll be given a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). Next we are going to make our own Limit Order. The “Price” field will be automatically filled with the most up-to-date tariff Bitcoin Cash (BCH) was traded for. You can change this to your desired price. The field with the “Amount” tag is the quantity of BCH you want to buy. The field with the “Total” tag is the whole price in BTC that you will pay for the whole amount of BCH. If you are glad, click on “Buy BCH”. Your order will be filled as soon as a Vendor trades their BCH for the price you introduced.
Step 5 – Withdraw Bitcoin Cash (BCH) Unless you're frequently trading, best advise is not to keep your coins on an Exchange for an extensive time frame. To take off your (BCH) Bitcoin Cash, hover over the “Funds” tab and mouse click on “Withdraw”. (BCH) Bitcoin Cash can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Bitcoin Cash (BCH) by using the provided drop-down box. Drop in the amount of (BCH) Bitcoin Cash you'd wish to withdraw. Take into account the presented fees/minimums. Also make sure you have filled your correct withdraw address. If you're happy, make a mouse click on “Submit”. You may be requested for email/phone verification before a take off.