A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in Philippines
Step 1 – Signup to CEX.io You will first need to purchase units of the top-tier coins. Exchanges normally accept either Bitcoin or Ethereum in exchange for Altcoins. Click below to register and receive your welcome BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transmit Your Funds to an Cryptocurrency 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 example. Unsure on how to send funds from Coinbase to an Crypto Trader? (Just follow this how-to) Make sure you've chosen the exact coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. If you are working with a decentralized exchange, like Airswap or DDEX could be unlike (Follow these easy steps).
Step 3 – Find (BCH) Bitcoin Cash As soon as your deposit has been affirmed, you'll directly have access to your finances and you can start buying and trading. To invest in (BCH) Bitcoin Cash on Binance, you will want to go to the tab which is called “Exchange” and then 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 image. Be certain of having selected the right pairing, we have marked this too. Click on “BCH/BTC” to proceed.
Step 4 – Purchase (BCH) Bitcoin Cash After you've found (BCH) Bitcoin Cash, you will be presented with a Price Chart (in the Center of the image) and a few Order Books (Leftside of the picture). Next we are going to make our Limit Order. The field with the “Price” tag will be filled with the most up-to-date tariff (BCH) Bitcoin Cash 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 purchase. The “Total” field is the whole price in BTC that you'll pay for the complete volumen of BCH. If you are glad, make a mouse click on “Buy BCH”. Your plan will be filled as soon as a Vendor trades their BCH for the price you introduced.
Step 5 – Withdraw Bitcoin Cash (BCH) Unless you are trading, best advise is not to keep crypto on an Exchange for an extended period of time. To take off your (BCH) Bitcoin Cash, go to the tab called “Funds” and click on “Withdraw”. Bitcoin Cash (BCH) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate (BCH) Bitcoin Cash by using the given drop-down box. Enter the quantity of (BCH) Bitcoin Cash you would wish to withdraw. Take into account the shown minimus/fees. Also make sure you have entered your right withdraw address. If you're satisfied, click on “Submit”. You could be requested for email/phone verification ahead of a take off.