A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in Senegal
Step 1 – Join CEX.io In the beginning you'll need to purchase one of the top-tier coins. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click below to register and receive your first Bitcoin or Ethereum.
Step 2 – Transmit Your Funds to an Crypto Exchange Your Ethereum (ETH) or Bitcoin (BTC) 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 illustration. Not sure on how to send Coinbase funds to an Crypto Exchange? (Just follow this guide) Make sure you have selected 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 on. If you are using a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our manual).
Step 3 – Locate (BCH) Bitcoin Cash Once your deposit has been verified, you will immediately have access to your funds and you can start invest and trading. To purchase Bitcoin Cash (BCH) on Binance, you'll want to hover over the “Exchange” tab and mouse click on “Basic”. In order to find Bitcoin Cash (BCH), you'll need to put the cointype (BCH) into the search-box, which is highlighted in the picture. Be certain of having choosen the right grouping, we have marked this too. Click on “BCH/BTC” to go on.
Step 4 – Buy (BCH) Bitcoin Cash Once you've discovered Bitcoin Cash (BCH), you will be given a Price Chart (in the Center of the picture) and some Order Books (Leftside of the image). And now we're making our Limit Order. The “Price” field will be filled automatically with the most up-to-date rate (BCH) Bitcoin Cash was traded for. You can change this to your favoured rate. The field with the “Amount” tag is the amount of BCH you wish to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you'll settle for the whole volumen of BCH. When you're glad, make a mouse click on “Buy BCH”. Your order will be filled as soon as a Vender trades their BCH for the price you submitted.
Step 5 – Withdraw Bitcoin Cash (BCH) Unless you are trading, best advise is not to keep your crypto coins on an Crypto Trader for an longer period of time. In order to take off your (BCH) Bitcoin Cash, go to the “Funds” tab and mouse click on “Withdraw”. (BCH) Bitcoin Cash can be securely 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 Bitcoin Cash (BCH) you'd like to withdraw. Don't forget the shown fees/minimums. Also make sure you have filled your correct withdraw address. If you're happy, click “Submit”. You could be requested for email/phone verification before a take off.