A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in Mali
Step 1 – Signup to CEX.io In the beginning you'll need to purchase one of the major currencies. Exchanges normally accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Follow the Link below to register and to get your first BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transmit Your Funds to an Crypto Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. Bitcoin Cash (BCH) is accessible on Binance, so we're going to use that as an illustration. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this how-to) Make sure you have selected the precise coin you wish to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etc. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our guide).
Step 3 – Locate (BCH) Bitcoin Cash Once your deposit has been verified, you'll instantly have access to your assets and you can begin purchasing and trading. To buy Bitcoin Cash (BCH) on Binance, you'll want to go to the “Exchange” tab and click on “Basic”. In order to locate Bitcoin Cash (BCH), you'll need to put the short name of the asset (BCH) into the search box, which is highlighted in the picture. Make sure you have selected the correct grouping, we have highlighted this also. Click on “BCH/BTC” to proceed.
Step 4 – Buy Bitcoin Cash (BCH) Once you have discovered Bitcoin Cash (BCH), you will be given a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the image). Next we're making our own Limit Order. The field with the “Price” tag will be filled automatically with the most latest valuation Bitcoin Cash (BCH) was sold for. This can be changed to your desired price. The “Amount” field is the volumen of BCH you want to buy. The field with the “Total” tag is the whole price in BTC that you will settle for the whole quantity of BCH. When you're glad, make a mouse 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 (BCH) Bitcoin Cash Unless you're regularly trading, best advise is not to keep your coins on an Crypto Exchange for an extended time frame. To withdraw your (BCH) Bitcoin Cash, go to the “Funds” tab and mouse click on “Withdraw”. (BCH) Bitcoin Cash can be safely 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 take off. Take into account the shown minimus/fees. Also make sure you have filled your right withdraw address. When you're glad, click on “Submit”. You could be asked for phone/email verification ahead of a withdrawal.