A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in Singapore
Step 1 – Signup to CEX.io You'll first need to buy one of the bigger currencies. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click the button below for registration and to get your first Ethereum or Bitcoin.
Step 2 – Transfer Your BTC (Bitcoin) or ETH (Ethereum) to an Cryptocurrency Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. Bitcoin Cash (BCH) is available on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Exchange? (Follow these easy steps) Make sure you've chosen the precise coin you want to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so on. If you're using a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our guide).
Step 3 – Find (BCH) Bitcoin Cash Once your deposit has been verified, you'll instantly have access to your assets and you can initiate purchasing and trading. To buy (BCH) Bitcoin Cash on Binance, you'll want to go to the “Exchange” tab and after that click on “Basic”. In order to locate (BCH) Bitcoin Cash, you'll need to put the shortname of the coin (BCH) into the search-box, which is marked in the image. Make sure you have choosen the correct grouping, we have marked this also. Click on “BCH/BTC” to go on.
Step 4 – Buy (BCH) Bitcoin Cash After you have found (BCH) Bitcoin Cash, you will be presented with a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). Next we are going to make our own Limit Order. The field with the “Price” tag will be filled with the most latest price Bitcoin Cash (BCH) was traded for. You can change this to your preferred price. The field with the “Amount” tag is the amount of BCH you wish to purchase. The field with the “Total” tag is the total price in BTC that you will pay for the whole quantity of BCH. If you are happy, click on “Buy BCH”. Your order will be filled when a Vender sells their BCH for the price you introduced.
Step 5 – Withdraw Bitcoin Cash (BCH) Unless you're trading, best advise is not to keep coins on an Cryptocurrency Exchange for an extensive time frame. In order to take off your (BCH) Bitcoin Cash, go to the “Funds” tab and click on “Withdraw”. Bitcoin Cash (BCH) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Bitcoin Cash (BCH) by using the provided drop-down box. Enter the amount of Bitcoin Cash (BCH) you'd wish to withdraw. Don't forget the shown minimus/fees. Also make sure you have filled your right withdraw address. If you're glad, make a mouse click on “Submit”. You could be asked for verfication via email/phone ahead of a take off.