A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in Qatar
Step 1 – Signup to CEX.io You'll first need to buy units of the major coins. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Follow the Link below for registration and receive your welcome ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Cryptocurrency Exchange Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Exchange now. All exchanges have a deposit form that is similar. Bitcoin Cash (BCH) is available on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Crypto Trader? (Follow this guide) Make sure you have chosen the right coin you wish to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etc. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our manual).
Step 3 – Find (BCH) Bitcoin Cash As soon as your deposit has been confirmed, you'll now have access to your funds and you can launch purchasing and trading. To buy (BCH) Bitcoin Cash on Binance, you will want to go to the “Exchange” tab and then click on “Basic”. To find (BCH) Bitcoin Cash, you'll need to insert the short name of the asset (BCH) into the search-box, which is marked in the image. Make sure you have choosen the right pairing, we've highlighted this too. Click on “BCH/BTC” to go on.
Step 4 – Purchase Bitcoin Cash (BCH) Once you've located (BCH) Bitcoin Cash, you will be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the image). Next we're creating our Limit Order. The “Price” field will be automatically filled with the most up-to-date valuation (BCH) Bitcoin Cash was sold for. You can change this to your favoured price. The field with the “Amount” tag is the amount of BCH you want to purchase. The “Total” field is the whole price in BTC that you'll settle for the complete quantity of BCH. When you are glad, click on “Buy BCH”. Your plan will be filled when a Vender trades their BCH for the price you gave.
Step 5 – Withdraw Bitcoin Cash (BCH) Unless you are frequently trading, best advise is not to keep crypto on an Exchange for an extended time frame. To withdraw your (BCH) Bitcoin Cash, go to the tab called “Funds” and mouse click on “Withdraw”. (BCH) Bitcoin Cash can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Bitcoin Cash (BCH) by using the provided drop-down box. Put into the amount of (BCH) Bitcoin Cash you would wish to withdraw. Take into account the displayed minimus/fees. Also make sure you have filled your correct withdraw address. When you're satisfied, click on “Submit”. You may be requested for verfication via email/phone before a withdrawal.