A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in Maldives
Step 1 – Join Coinbase and recieve 10$ for free You will first need to buy one of the top-tier coins. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Click below for registration and receive your welcome 10 Dollar.
Step 2 – Transfer Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Exchange Your Ethereum or Bitcoin has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. Bitcoin Cash (BCH) is accessible on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Exchange? (Follow this manual) Make sure you've chosen the correct coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, etcetera. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our manual).
Step 3 – Locate (BCH) Bitcoin Cash Once your deposit has been affirmed, you will immediately have access to your finances and you can initiate invest and trading. To purchase Bitcoin Cash (BCH) on Binance, you'll want to hover over the “Exchange” tab and then click on “Basic”. To locate (BCH) Bitcoin Cash, you will need to put the shortname of the coin (BCH) into the search box, which is highlighted in the picture. Be certain of having choosen the right pairing, we have highlighted this also. Click on “BCH/BTC” to go on.
Step 4 – Purchase Bitcoin Cash (BCH) After you have located (BCH) Bitcoin Cash, you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). And now we're making our Limit Order. The field with the “Price” tag will be filled with the recent valuation Bitcoin Cash (BCH) was sold for. You can change this to your preferred rate. The “Amount” field is the volumen of BCH you want to buy. The field with the “Total” tag is the total price in BTC that you will pay for the complete amount of BCH. If you are glad, make a mouse click on “Buy BCH”. Your order will be filled when a Vender 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 your coins on an Exchange for an extensive time frame. In order to take off your Bitcoin Cash (BCH), go to the tab called “Funds” and mouse click on “Withdraw”. Bitcoin Cash (BCH) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Bitcoin Cash (BCH) by using the given drop-down box. Put into the amount of (BCH) Bitcoin Cash you'd wish to withdraw. Take into account the presented fees/minimums. Also make sure you have entered your right withdraw address. If you are satisfied, make a mouse click on “Submit”. You may be requested for verfication via email/phone before a take off.