A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in Reunion
Step 1 – Signup to Kraken You'll first need to buy units of the bigger currencies. Exchanges commonly accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Click the button below to register and to get your welcome Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transmit Your Bitcoin or Ethereum to an Cryptocurrency Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. 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 Cryptocurrency Exchange? (Just follow this manual) Make sure you've selected the correct coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, et cetera. If you are working with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our guide).
Step 3 – Locate (BCH) Bitcoin Cash As soon as your deposit has been verified, you'll immediately have access to your finances and you can launch buying and trading. To buy (BCH) Bitcoin Cash on Binance, you'll want to hover over the “Exchange” tab and after that click on “Basic”. To find (BCH) Bitcoin Cash, you will need to put the shortname of the coin (BCH) into the search-box, which is highlighted in the graphic. Make sure you have choosen the correct pairing, we've highlighted this too. Click on “BCH/BTC” to advance.
Step 4 – Purchasing Bitcoin Cash (BCH) Once you have spotted (BCH) Bitcoin Cash, you will be presented with a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the picture). For now we're creating our Limit Order. The “Price” field will be filled automatically with the most recent rate Bitcoin Cash (BCH) was traded for. You can change this to your favoured rate. The field with the “Amount” tag is the quantity of BCH you like to purchase. The field with the “Total” tag is the total price in Bitcoin that you will settle for the whole quantity of BCH. If you're satisfied, make a mouse click on “Buy BCH”. Your plan will be filled when a Vendor trades their BCH for the price you introduced.
Step 5 – Withdraw (BCH) Bitcoin Cash Unless you're frequently trading, best advise is not to keep your coins on an Crypto Trader for an extensive time period. In order to take off your Bitcoin Cash (BCH), go to the tab called “Funds” and mouse click on “Withdraw”. (BCH) Bitcoin Cash can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate (BCH) Bitcoin Cash by using the given drop-down box. Enter the quantity of Bitcoin Cash (BCH) you'd like to take off. Don't forget the presented minimus/fees. Also make sure you have filled your right withdraw address. When you're glad, click on “Submit”. You could be requested for verfication via phone/email before a take off.