A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in Sierra Leone
Step 1 – Join CEX.io In the beginning you'll need to purchase units of the bigger currencies. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click below for registration and to get your first Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transmit Your Funds to an Exchange Your Bitcoin or Ethereum has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. Bitcoin Cash (BCH) is available on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Exchange? (Just follow these easy steps) Make sure you have chosen the right coin you would like to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so forth. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be different (Follow these easy steps).
Step 3 – Locate (BCH) Bitcoin Cash Once your deposit has been verified, you'll now have access to your funds and you can initiate invest and trading. To invest in (BCH) Bitcoin Cash on Binance, you will want to go to the “Exchange” tab and then mouse click on “Basic”. In order to locate (BCH) Bitcoin Cash, you will need to put the cointype (BCH) into the search-box, which is highlighted in the graphic. Be certain of having selected the proper pairing, we have marked this too. Click on “BCH/BTC” to advance.
Step 4 – Acquisition of (BCH) Bitcoin Cash After you have found Bitcoin Cash (BCH), you will be given a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the image). For now we are creating our own Limit Order. The “Price” field will be filled automatically with the latest rate Bitcoin Cash (BCH) was traded for. You can change this to your desired rate. The “Amount” field is the amount of BCH you want to purchase. The field with the “Total” tag is the total price in Bitcoin that you'll settle for the whole amount of BCH. When you're happy, make a mouse click on “Buy BCH”. Your plan will be filled when a Seller sells their BCH for the price you introduced.
Step 5 – Withdraw Bitcoin Cash (BCH) Unless you're regularly trading, best advise is not to keep coins on an Exchange for an extensive time frame. In order to withdraw your (BCH) Bitcoin Cash, hover over the “Funds” tab and click on “Withdraw”. Bitcoin Cash (BCH) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Bitcoin Cash (BCH) by using the given drop-down box. Enter the volumen of Bitcoin Cash (BCH) you would wish to withdraw. Take into account the displayed fees/minimums. Also make sure you have entered your right withdraw address. If you're satisfied, click on “Submit”. You could be requested for phone/email verification before a withdrawal.