A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in Mozambique
Step 1 – Signup to Kraken You'll first need to buy one of the top-tier coins. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Click the button below for registration and to get your first Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Trader Your Ethereum or Bitcoin has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. Bitcoin Cash (BCH) is available on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Exchange? (Just follow this manual) Make sure you've selected the correct coin you want to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, and so forth. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be different (Follow our manual).
Step 3 – Find Bitcoin Cash (BCH) Once your deposit has been confirmed, you will now have access to your funds and you can launch buying and trading. To invest in Bitcoin Cash (BCH) on Binance, you will want to go to the tab which is called “Exchange” and after that click on “Basic”. To find Bitcoin Cash (BCH), you will need to put the shortname of the coin (BCH) into the search box, which is marked in the graphic. Make sure you have choosen the proper pairing, we have highlighted this also. Click on “BCH/BTC” to proceed.
Step 4 – Buy (BCH) Bitcoin Cash As soon as you have located Bitcoin Cash (BCH), you will be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the image). For now we're going to make our own Limit Order. The “Price” field will be filled with the most latest tariff Bitcoin Cash (BCH) was sold for. You can change this to your preferred rate. The “Amount” field is the volumen of BCH you want to purchase. The “Total” field is the total price in BTC that you'll pay for the complete quantity of BCH. When you are glad, make a mouse click on “Buy BCH”. Your order will be filled when a Seller trades their BCH for the price you submitted.
Step 5 – Withdraw (BCH) Bitcoin Cash Unless you are regularly trading, you should never keepyour coins on an Cryptocurrency Exchange for an extensive time period. To take off your Bitcoin Cash (BCH), 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 Bitcoin Cash (BCH) by using the provided drop-down box. Enter the quantity of Bitcoin Cash (BCH) you'd wish to withdraw. Don't forget the shown minimus/fees. Also make sure you have filled your right withdraw address. When you are glad, make a mouse click on “Submit”. You may be asked for verfication via email/phone before a withdrawal.