A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in South Africa
Step 1 – Join Coinbase – Get Free $10 You will first need to buy one of the top-tier coins. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Follow the Link below to register and getting your welcome $10.
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Trader Your Ethereum or Bitcoin will need to be sent over to an Exchange now. All exchanges have a deposit form that is alike. Bitcoin Cash (BCH) is accessible 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 manual) Make sure you've chosen the correct coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so on. In the case you are using a decentralized exchange, such as Airswap or DDEX could be different (Follow our guide).
Step 3 – Find Bitcoin Cash (BCH) Once your deposit has been verified, you will now have access to your finances and you can start buying and trading. To purchase (BCH) Bitcoin Cash on Binance, you'll want to hover over the tab which is called “Exchange” and then click on “Basic”. To locate Bitcoin Cash (BCH), you will need to insert the cointype (BCH) into the search-box, which is marked in the graphic. Be certain of having choosen the proper pairing, we have marked this also. Click on “BCH/BTC” to continue.
Step 4 – Purchasing Bitcoin Cash (BCH) Once you have located Bitcoin Cash (BCH), you will be presented with a Price Chart (in the Center of the image) and a few Order Books (on the Left of the picture). Next we're going to make our own Limit Order. The field with the “Price” tag will be filled automatically with the recent tariff (BCH) Bitcoin Cash was traded for. You can change this to your preferred rate. The “Amount” field is the volumen of BCH you wish to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you will settle for the complete quantity of BCH. When you are happy, click on “Buy BCH”. Your plan will be filled as soon as a Vender trades their BCH for the price you offered.
Step 5 – Withdraw (BCH) Bitcoin Cash Unless you are trading, best advise is not to keep your coins on an Cryptocurrency Exchange for an extended time period. To withdraw your (BCH) Bitcoin Cash, go to the “Funds” tab and click on “Withdraw”. Bitcoin Cash (BCH) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find (BCH) Bitcoin Cash by using the provided drop-down box. Put into the amount of (BCH) Bitcoin Cash you would like to take off. Take into account the presented minimus/fees. Also make sure you have filled your right withdraw address. When you're happy, click on “Submit”. You could be requested for verfication via phone/email before a withdrawal.