A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in Palau
Step 1 – Join CEX.io In the beginning you'll need to buy units of the major currencies. Exchanges normally accept either Ethereum or Bitcoin in exchange for Altcoins. Click below for registration and receive your first Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Send Your Funds to an Crypto Exchange Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is identical. Bitcoin Cash (BCH) is obtainable on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Just follow this guide) Make sure you have chosen the precise coin you wish to deposit. BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etc. If you are working with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our how-to).
Step 3 – Locate Bitcoin Cash (BCH) Once your deposit has been verified, you'll directly have access to your funds and you can launch invest and trading. To invest in (BCH) Bitcoin Cash on Binance, you will want to go to the “Exchange” tab and click on “Basic”. To spot Bitcoin Cash (BCH), you'll need to put the cointype (BCH) into the search box, which is highlighted in the image. Be certain of having choosen the correct grouping, we have highlighted this also. Click on “BCH/BTC” to continue.
Step 4 – Buy (BCH) Bitcoin Cash Once you have discovered Bitcoin Cash (BCH), you'll be given a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the image). And now we're going to make our Limit Order. The “Price” field will be automatically filled with the up-to-date rate Bitcoin Cash (BCH) was sold for. This can be changed to your preferred rate. The field with the “Amount” tag is the volumen of BCH you like to buy. The “Total” field is the aggregated price in Bitcoin that you will settle for the complete quantity of BCH. If you're happy, click on “Buy BCH”. Your order will be filled when a Vender trades their BCH for the price you introduced.
Step 5 – Withdraw (BCH) Bitcoin Cash Unless you're frequently trading, never keep your crypto on an Crypto Trader for an longer time frame. In order to withdraw your (BCH) Bitcoin Cash, hover over the “Funds” tab and click on “Withdraw”. Bitcoin Cash (BCH) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate (BCH) Bitcoin Cash by using the provided drop-down box. Put into the quantity of (BCH) Bitcoin Cash you would like to take off. Don't forget the presented fees/minimums. Also make sure you have filled your correct withdraw address. When you are satisfied, click “Submit”. You may be requested for verfication via email/phone before a take off.