A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in Monaco
Step 1 – Join CEX.io In the beginning you'll need to purchase units of the bigger currencies. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Follow the Link below to register and to get your first Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transfer Your Ethereum or Bitcoin to an Crypto Exchange Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Exchange now. All exchanges have a deposit form that is alike. Bitcoin Cash (BCH) is obtainable on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Trader? (Just follow this guide) Make sure you have chosen the right coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so forth. If you are using a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our manual).
Step 3 – Locate (BCH) Bitcoin Cash As soon as your deposit has been confirmed, you will immediately have access to your funds and you can launch invest and trading. To buy (BCH) Bitcoin Cash on Binance, you'll want to hover over the tab which is called “Exchange” and mouse click on “Basic”. To discover (BCH) Bitcoin Cash, you will need to insert the shortname of the coin (BCH) into the search-box, which is highlighted in the graphic. Be certain of having choosen the correct pairing, we've highlighted this also. Click on “BCH/BTC” to go on.
Step 4 – Buying (BCH) Bitcoin Cash Once you've discovered 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 going to make our Limit Order. The field with the “Price” tag will be filled automatically with the most latest price Bitcoin Cash (BCH) was sold for. This can be changed to your favoured rate. The field with the “Amount” tag is the amount of BCH you want to purchase. The “Total” field is the whole price in Bitcoin that you will pay for the whole volumen of BCH. If you're glad, click on “Buy BCH”. Your order will be filled as soon as a Seller trades their BCH for the price you gave.
Step 5 – Withdraw (BCH) Bitcoin Cash Unless you're regularly trading, best advise is not to keep coins on an Crypto Trader for an extended time period. In order to take off your (BCH) Bitcoin Cash, hover over the “Funds” tab and mouse click on “Withdraw”. (BCH) Bitcoin Cash can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Bitcoin Cash (BCH) by using the given drop-down box. Put into the amount of Bitcoin Cash (BCH) you'd like to withdraw. Take into account the demonstrated minimus/fees. Also make sure you have entered your precise withdraw address. When you're satisfied, make a mouse click on “Submit”. You may be requested for email/phone verification before a take off.