A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in Russia
Step 1 – Join Kraken You'll first need to buy one of the bigger currencies. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Click the button below to register and to get your first Bitcoin or Ethereum.
Step 2 – Send Your Ethereum or Bitcoin to an Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. Bitcoin Cash (BCH) is obtainable on Binance, so we're going to use that as an sample. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this manual) Make sure you've chosen the right coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so forth. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our guide).
Step 3 – Locate Bitcoin Cash (BCH) Once your deposit has been affirmed, you'll instantly have access to your funds and you can initiate buying and trading. To invest in Bitcoin Cash (BCH) on Binance, you will want to go to the “Exchange” tab and 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 image. Be certain of having selected the correct pairing, we have marked this too. Click on “BCH/BTC” to progress.
Step 4 – Buy Bitcoin Cash (BCH) After you have located Bitcoin Cash (BCH), you will be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). For now we are creating our Limit Order. The field with the “Price” tag will be filled automatically with the most up-to-date price Bitcoin Cash (BCH) was traded for. This can be changed to your desired price. The “Amount” field is the amount of BCH you want to buy. The “Total” field is the whole price in Bitcoin that you will settle for the complete quantity of BCH. If you're satisfied, click on “Buy BCH”. Your order will be filled as soon as a Vender trades their BCH for the price you gave.
Step 5 – Withdraw Bitcoin Cash (BCH) Unless you're trading, best advise is not to keep crypto coins on an Exchange for an extended time frame. In order to take off your (BCH) Bitcoin Cash, go to the “Funds” tab and mouse click on “Withdraw”. (BCH) Bitcoin Cash can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate (BCH) Bitcoin Cash by using the provided drop-down box. Enter the volumen of (BCH) Bitcoin Cash you'd wish to withdraw. Don't forget the displayed fees/minimums. Also make sure you have filled your precise withdraw address. If you're glad, click “Submit”. You could be asked for verfication via phone/email ahead of a take off.