How to Buy Bitcoin Cash (BCH) in Monaco

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

Step 1 – Signup to Coinbase – Get Free $10

You'll first need to buy units of the top-tier currencies. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click below for registration and getting your first 10$.

Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Exchange

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. Bitcoin Cash (BCH) is obtainable on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Exchange? (Follow these easy steps)

Make sure you've selected the correct coin you would like to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etcetera. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our how-to).

Step 3 – Find (BCH) Bitcoin Cash

Once your deposit has been approved, you will now have access to your assets and you can launch invest and trading. To invest in (BCH) Bitcoin Cash on Binance, you will want to go to the “Exchange” tab and after that click on “Basic”.

In order to locate Bitcoin Cash (BCH), you will need to insert the short name of the asset (BCH) into the search-box, which is marked in the graphic. Be certain of having choosen the proper grouping, we have marked this too. Click on “BCH/BTC” to progress.

Step 4 – Purchasing Bitcoin Cash (BCH)

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

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

If you are happy, click on “Buy BCH”. Your plan will be filled when a Vendor trades their BCH for the price you gave.

Step 5 – Withdraw (BCH) Bitcoin Cash

Unless you're frequently trading, never keep your crypto coins on an Cryptocurrency Exchange for an extensive time period. In order to withdraw your (BCH) Bitcoin Cash, go to the tab called “Funds” and click on “Withdraw”. Bitcoin Cash (BCH) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find Bitcoin Cash (BCH) by using the provided drop-down box. Drop in the volumen of (BCH) Bitcoin Cash you'd wish to take off. Don't forget the demonstrated fees/minimums. Also make sure you have filled your right withdraw address.

If you are glad, make a mouse click on “Submit”. You could be requested for verfication via phone/email ahead of a withdrawal.

Kudos! You have successfully bought and stored Bitcoin Cash (BCH) in Monaco.

That's it!

Take offs from Cryptocurrency Exchange can take anywhere from 1 – 30 minutes (rely on network usage). Once you've proved your withdrawal using Ethplorer.io or Etherscan.io and the (BCH) Bitcoin Cash is safe in your wallet, you're finished.