A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in Martinique
Step 1 – Signup to Kraken You will first need to buy units of the major coins. Exchanges commonly accept either Ethereum or Bitcoin in exchange for Altcoins. Click the button below to register and getting your first BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Trader Your Ethereum or Bitcoin has to be sent over to an Exchange now. Every exchange has a deposit form that is alike. Bitcoin Cash (BCH) is available on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Just follow this how-to) Make sure you've selected the correct coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etc. If you are using a decentralized exchange, such as Airswap or DDEX could be different (Just follow these easy steps).
Step 3 – Locate (BCH) Bitcoin Cash Once your deposit has been affirmed, you'll instantly have access to your funds and you can launch buying and trading. To buy (BCH) Bitcoin Cash on Binance, you will want to hover over the “Exchange” tab and mouse click on “Basic”. To locate Bitcoin Cash (BCH), you will need to put the short name of the asset (BCH) into the search-box, which is marked in the image. Make sure you have selected the correct grouping, we've highlighted this also. Click on “BCH/BTC” to go ahead.
Step 4 – Purchasing Bitcoin Cash (BCH) Once you have spotted Bitcoin Cash (BCH), you will be given a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the image). For now we are making our own Limit Order. The field with the “Price” tag will be automatically filled with the most recent price (BCH) Bitcoin Cash was traded for. This can be changed to your preferred rate. The “Amount” field is the amount of BCH you want to buy. The field with the “Total” tag is the total price in BTC that you'll settle for the complete volumen of BCH. When you're glad, click on “Buy BCH”. Your order will be filled when a Vendor sells their BCH for the price you gave.
Step 5 – Withdraw (BCH) Bitcoin Cash Unless you're regularly trading, best advise is not to keep crypto on an Exchange for an extensive period of time. In order to take off your (BCH) Bitcoin Cash, go to the tab called “Funds” and mouse click on “Withdraw”. (BCH) Bitcoin Cash can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate (BCH) Bitcoin Cash by using the given drop-down box. Put into the amount of Bitcoin Cash (BCH) you'd like to take off. Take into account the shown fees/minimums. Also make sure you have entered your precise withdraw address. When you're satisfied, click “Submit”. You could be asked for phone/email verification ahead of a withdrawal.