How to Buy Bitcoin Cash (BCH) in Micronesia

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

Step 1 – Join Kraken

You'll first need to buy units of the bigger currencies. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click the button below for registration and getting your first ETH (Ethereum) or BTC (Bitcoin).

Step 2 – Send Your Ethereum or Bitcoin to an Crypto Trader

Your Bitcoin or Ethereum has to be sent over to an Cryptocurrency Exchange 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. Not sure on how to send funds from Coinbase to an Exchange? (Follow these easy steps)

Make sure you have chosen the correct coin you would like to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etc. In the case you're using a decentralized exchange, like Airswap or DDEX could be unlike (Follow our manual).

Step 3 – Find Bitcoin Cash (BCH)

As soon as your deposit has been confirmed, you'll directly have access to your funds and you can begin purchasing and trading. To buy (BCH) Bitcoin Cash on Binance, you'll want to hover over the “Exchange” tab and click on “Basic”.

In order to find Bitcoin Cash (BCH), you'll need to insert the shortname of the coin (BCH) into the search-box, which is highlighted in the image. Be certain of having selected the proper pairing, we've highlighted this also. Click on “BCH/BTC” to advance.

Step 4 – Buying Bitcoin Cash (BCH)

Once you've located (BCH) Bitcoin Cash, you will be presented with a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). And now we're creating our Limit Order.

The “Price” field will be filled with the most up-to-date valuation (BCH) Bitcoin Cash was sold for. This can be changed to your desired price. The field with the “Amount” tag is the quantity of BCH you want to buy. The “Total” field is the aggregated price in Bitcoin that you'll settle for the whole volumen of BCH.

When you're happy, click on “Buy BCH”. Your order will be filled as soon as a Seller trades their BCH for the price you offered.

Step 5 – Withdraw (BCH) Bitcoin Cash

Unless you're frequently trading, never keep your crypto on an Crypto Trader for an extended time frame. In order to take off your Bitcoin Cash (BCH), hover over 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)

Find Bitcoin Cash (BCH) by using the provided drop-down box. Enter the quantity of Bitcoin Cash (BCH) you would like to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have entered your correct withdraw address.

If you're glad, click “Submit”. You may be asked for verfication via email/phone ahead of a withdrawal.

Congrats! You've successfully purchased and safed Bitcoin Cash (BCH) in Micronesia.

That's it!

Withdrawals from Cryptocurrency Exchange can durate between 1 – 30 minutes (rely on network usage). Once you've proved your withdrawal using Ethplorer.io or Etherscan.io and the Bitcoin Cash (BCH) is stored inside your wallet, you are finished.