A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in Sao Tome And Principe
Step 1 – Signup to CEX.io You will first need to purchase one of the bigger currencies. Exchanges commonly accept either Bitcoin or Ethereum in exchange for Altcoins. Follow the Link below for registration and to get your welcome Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transfer Your Ethereum or Bitcoin to an Exchange Your Bitcoin or Ethereum has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. Bitcoin Cash (BCH) is available on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Trader? (Just follow this how-to) Make sure you have chosen the precise coin you want to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. In the case you're using a decentralized exchange, like Airswap or DDEX could be divergent (Follow our how-to).
Step 3 – Find (BCH) Bitcoin Cash As soon as your deposit has been verified, you'll directly have access to your assets and you can commence buying and trading. To invest in Bitcoin Cash (BCH) on Binance, you'll want to hover over the “Exchange” tab and then mouse click on “Basic”. In order to locate (BCH) Bitcoin Cash, you'll need to put the short name of the asset (BCH) into the search box, which is highlighted in the image. Make sure you have selected the proper pairing, we've highlighted this too. Click on “BCH/BTC” to progress.
Step 4 – Acquisition of (BCH) Bitcoin Cash As soon as you've found Bitcoin Cash (BCH), you'll be given a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the image). Next we are going to create our own Limit Order. The field with the “Price” tag will be automatically filled with the most latest tariff Bitcoin Cash (BCH) was sold for. You can change this to your preferred rate. The “Amount” field is the quantity of BCH you like to purchase. The “Total” field is the aggregated price in Bitcoin that you'll settle for the complete quantity of BCH. If you are glad, 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 Bitcoin Cash (BCH) Unless you're frequently trading, you should never keepyour coins on an Exchange for an extended time period. To take off your Bitcoin Cash (BCH), go to the tab called “Funds” and click on “Withdraw”. (BCH) Bitcoin Cash can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find (BCH) Bitcoin Cash by using the provided drop-down box. Drop in the quantity of (BCH) Bitcoin Cash you would like to take off. Take into account the presented fees/minimums. Also make sure you have entered your correct withdraw address. When you're satisfied, click “Submit”. You may be asked for phone/email verification ahead of a take off.