A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in Papua New Guinea
Step 1 – Signup to CEX.io You'll first need to buy units of the major currencies. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Follow the Link below for registration and receive your first Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. Bitcoin Cash (BCH) is obtainable on Binance, so we're going to use that as an illustration. Unsure on how to send Coinbase funds to an Crypto Exchange? (Follow this manual) Make sure you have chosen the right coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, et cetera. If you are dealing with a decentralized exchange, like Airswap or DDEX could be different (Follow our guide).
Step 3 – Find Bitcoin Cash (BCH) As soon as your deposit has been approved, you will immediately have access to your finances and you can launch buying and trading. To buy (BCH) Bitcoin Cash on Binance, you'll want to go to the tab which is called “Exchange” and click on “Basic”. To discover (BCH) Bitcoin Cash, you will need to insert the short name of the asset (BCH) into the search-box, which is marked in the graphic. Make sure you have choosen the right pairing, we've marked this also. Click on “BCH/BTC” to continue.
Step 4 – Purchase Bitcoin Cash (BCH) After you've spotted (BCH) Bitcoin Cash, you'll be presented with a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the picture). Next we're making our own Limit Order. The “Price” field will be filled automatically with the most latest price Bitcoin Cash (BCH) was traded for. This can be changed to your preferred price. The field with the “Amount” tag is the quantity of BCH you wish to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you will settle for the whole volumen of BCH. When you're glad, click on “Buy BCH”. Your order will be filled as soon as a Vender sells their BCH for the price you submitted.
Step 5 – Withdraw Bitcoin Cash (BCH) Unless you're regularly trading, best advise is not to keep coins on an Cryptocurrency Exchange for an extensive time period. In order to withdraw your (BCH) Bitcoin Cash, go to the “Funds” tab and click on “Withdraw”. Bitcoin Cash (BCH) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Bitcoin Cash (BCH) by using the given drop-down box. Put into the amount of Bitcoin Cash (BCH) you would wish to take off. Take into account the displayed minimus/fees. Also make sure you have filled your right withdraw address. If you're happy, make a mouse click on “Submit”. You may be requested for phone/email verification ahead of a take off.