A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in Pakistan
Step 1 – Signup to Kraken You'll first need to purchase one of the major coins. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click below for registration and getting your welcome Bitcoin or Ethereum.
Step 2 – Send Your Ethereum (ETH) or Bitcoin (BTC) to an Exchange Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. Bitcoin Cash (BCH) is available on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Crypto Trader? (Just follow these easy steps) Make sure you have chosen the precise coin you wish to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our how-to).
Step 3 – Locate Bitcoin Cash (BCH) As soon as your deposit has been approved, you'll now have access to your finances and you can initiate buying and trading. To invest in (BCH) Bitcoin Cash on Binance, you'll want to hover over the “Exchange” tab and then mouse click on “Basic”. In order to discover (BCH) Bitcoin Cash, you will need to put the cointype (BCH) into the search-box, which is marked in the image. Make sure you have selected the proper pairing, we've marked this too. Click on “BCH/BTC” to continue.
Step 4 – Buy Bitcoin Cash (BCH) Once you have discovered Bitcoin Cash (BCH), you'll be presented with a Chart with Prices (in the Center of the picture) 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 valuation Bitcoin Cash (BCH) was sold for. You can change this to your preferred rate. The “Amount” field is the amount of BCH you wish to purchase. The field with the “Total” tag is the whole price in Bitcoin that you'll pay for the whole amount of BCH. If you are happy, click on “Buy BCH”. Your plan will be filled when a Vender trades their BCH for the price you offered.
Step 5 – Withdraw Bitcoin Cash (BCH) Unless you're regularly trading, you should never keepyour crypto coins on an Crypto Trader for an longer period of time. In order to withdraw your Bitcoin Cash (BCH), hover over the tab called “Funds” and mouse click on “Withdraw”. Bitcoin Cash (BCH) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Bitcoin Cash (BCH) by using the given drop-down box. Put into the quantity of (BCH) Bitcoin Cash you would wish to withdraw. Take into account the presented minimus/fees. Also make sure you have filled your precise withdraw address. If you are happy, click “Submit”. You could be asked for verfication via phone/email before a withdrawal.