A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in Montserrat
Step 1 – Join CEX.io You'll first need to purchase one of the major coins. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Click below for registration and receive your welcome ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Send Your Bitcoin or Ethereum to an Exchange Your Ethereum or Bitcoin will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. Bitcoin Cash (BCH) is accessible on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Trader? (Follow this manual) Make sure you have selected the exact coin you wish to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. In the case you are using a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our guide).
Step 3 – Locate (BCH) Bitcoin Cash As soon as your deposit has been confirmed, you will immediately have access to your finances and you can commence purchasing and trading. To purchase Bitcoin Cash (BCH) on Binance, you will want to go to the tab which is called “Exchange” and after that mouse 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 marked in the image. Make sure you have choosen the correct grouping, we have highlighted this too. Click on “BCH/BTC” to continue.
Step 4 – Buying (BCH) Bitcoin Cash After you've spotted Bitcoin Cash (BCH), you will be given a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). Next we are making our own Limit Order. The “Price” field will be filled automatically with the most latest price Bitcoin Cash (BCH) was sold for. This can be changed to your favoured price. The field with the “Amount” tag is the quantity of BCH you like to buy. The “Total” field is the whole price in Bitcoin that you'll settle for the whole quantity of BCH. If you are happy, make a mouse click on “Buy BCH”. Your order will be filled as soon as a Vendor trades their BCH for the price you introduced.
Step 5 – Withdraw Bitcoin Cash (BCH) Unless you are trading, you should never keepyour coins on an Crypto Exchange for an extensive time frame. To withdraw your Bitcoin Cash (BCH), go to the tab called “Funds” and mouse click on “Withdraw”. (BCH) Bitcoin Cash can be stored safely using a Wallet, for instance 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. Don't forget the presented fees/minimums. Also make sure you have entered your right withdraw address. If you are happy, click “Submit”. You could be asked for email/phone verification ahead of a withdrawal.