A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in Nicaragua
Step 1 – Join CEX.io In the beginning you'll need to purchase one of the bigger currencies. Exchanges commonly accept either Ethereum or Bitcoin in exchange for alternative Coins. Click below to register and receive your welcome Bitcoin or Ethereum.
Step 2 – Send Your Ethereum (ETH) or Bitcoin (BTC) to an Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Exchange now. All exchanges have a deposit form that is alike. Bitcoin Cash (BCH) is available on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Exchange? (Just follow this manual) Make sure you have selected the right coin you would like to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, and so on. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be unlike (Follow these easy steps).
Step 3 – Locate Bitcoin Cash (BCH) Once your deposit has been affirmed, you will directly have access to your assets and you can launch purchasing and trading. To invest in Bitcoin Cash (BCH) on Binance, you will want to hover over the “Exchange” tab and then click on “Basic”. In order to spot (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 grouping, we've highlighted this too. Click on “BCH/BTC” to advance.
Step 4 – Buying (BCH) Bitcoin Cash Once you have located Bitcoin Cash (BCH), you will be given a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the image). And now we are making our own Limit Order. The “Price” field will be filled automatically with the up-to-date price Bitcoin Cash (BCH) was sold for. You can change this to your desired rate. The field with the “Amount” tag is the volumen of BCH you wish to buy. The field with the “Total” tag is the total price in BTC that you'll settle for the complete amount of BCH. When you are satisfied, make a mouse click on “Buy BCH”. Your order will be filled as soon as a Seller sells their BCH for the price you gave.
Step 5 – Withdraw (BCH) Bitcoin Cash Unless you are regularly trading, best advise is not to keep your crypto coins on an Crypto Trader for an extended time frame. To take off your Bitcoin Cash (BCH), hover over the tab called “Funds” and mouse click on “Withdraw”. (BCH) Bitcoin Cash can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find (BCH) Bitcoin Cash by using the provided drop-down box. Put into the quantity of Bitcoin Cash (BCH) you'd like to take off. Don't forget the displayed fees/minimums. Also make sure you have filled your correct withdraw address. When you're satisfied, click “Submit”. You could be asked for verfication via phone/email ahead of a withdrawal.