How to Buy Bitcoin Cash (BCH) in Marshall Islands

A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in Marshall Islands

Step 1 – Join Kraken

You will first need to purchase units of the top-tier coins. Exchanges usually accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Follow the Link below to register and receive your first Ethereum (ETH) or Bitcoin (BTC).

Step 2 – Transmit Your Bitcoin or Ethereum to an Cryptocurrency Exchange

Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Cryptocurrency Exchange now. All exchanges have 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 funds from Coinbase to an Crypto Trader? (Just follow these easy steps)

Make sure you have chosen the exact coin you want to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so on. In the case you are working with a decentralized exchange, like Airswap or DDEX could be different (Just follow our manual).

Step 3 – Locate Bitcoin Cash (BCH)

As soon as your deposit has been confirmed, you will now have access to your finances and you can begin purchasing and trading. To purchase Bitcoin Cash (BCH) on Binance, you will want to hover over the “Exchange” tab and mouse click on “Basic”.

In order to find (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 selected the proper pairing, we have marked this too. Click on “BCH/BTC” to progress.

Step 4 – Acquisition of (BCH) Bitcoin Cash

After you have discovered (BCH) Bitcoin Cash, you will be given a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the image). And now we are going to create our Limit Order.

The “Price” field will be filled automatically with the recent valuation Bitcoin Cash (BCH) was traded for. You can change this to your favoured rate. The field with the “Amount” tag is the amount of BCH you wish to buy. The field with the “Total” tag is the total price in BTC that you will pay for the complete quantity of BCH.

When you are happy, make a mouse click on “Buy BCH”. Your plan will be filled as soon as a Seller sells their BCH for the price you gave.

Step 5 – Withdraw Bitcoin Cash (BCH)

Unless you are trading, best advise is not to keep crypto on an 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 stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (BCH) Bitcoin Cash by using the provided drop-down box. Drop in the amount of Bitcoin Cash (BCH) you'd like to take off. Don't forget the displayed minimus/fees. Also make sure you have filled your precise withdraw address.

When you're satisfied, click “Submit”. You may be asked for email/phone verification ahead of a take off.

Congrats! You have successfully bought and stored Bitcoin Cash (BCH) in Marshall Islands.

That's it!

Take offs from Exchange can take between 1 – 30 minutes (rely on network usage). As soon as you have confirmed your take off with Ethplorer.io or Etherscan.io and the (BCH) Bitcoin Cash is stored within your wallet, you're done.