A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in South Sudan
Step 1 – Signup to Kraken You will first need to purchase one of the bigger coins. Exchanges normally 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 (ETH) or Bitcoin (BTC).
Step 2 – Transmit Your Funds to an Crypto Exchange Your Bitcoin or Ethereum 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 will use that as an sample. Not sure on how to send Coinbase funds to an Exchange? (Follow this guide) Make sure you've selected the correct coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. If you are working with a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our guide).
Step 3 – Find Bitcoin Cash (BCH) Once your deposit has been affirmed, you will directly have access to your funds and you can initiate invest and trading. To buy Bitcoin Cash (BCH) on Binance, you'll want to go to the “Exchange” tab and after that mouse click on “Basic”. In order to spot Bitcoin Cash (BCH), you will need to put the shortname of the coin (BCH) into the search box, which is marked in the picture. Make sure you have choosen the proper pairing, we've marked this too. Click on “BCH/BTC” to continue.
Step 4 – Purchasing (BCH) Bitcoin Cash Once you've discovered (BCH) Bitcoin Cash, you will be given a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). And now we are making our own Limit Order. The “Price” field will be filled with the up-to-date rate Bitcoin Cash (BCH) was traded for. This can be changed to your desired rate. The “Amount” field is the quantity of BCH you wish to buy. The field with the “Total” tag is the total price in BTC that you will pay for the whole volumen of BCH. When you are satisfied, make a mouse click on “Buy BCH”. Your plan will be filled as soon as a Vendor sells their BCH for the price you introduced.
Step 5 – Withdraw Bitcoin Cash (BCH) Unless you're frequently trading, best advise is not to keep your coins on an Crypto Exchange for an longer time frame. In order to withdraw your Bitcoin Cash (BCH), go to the tab called “Funds” and mouse click on “Withdraw”. (BCH) Bitcoin Cash can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Bitcoin Cash (BCH) by using the provided drop-down box. Put into the quantity of (BCH) Bitcoin Cash you'd wish to withdraw. Take into account the shown minimus/fees. Also make sure you have filled your correct withdraw address. When you are glad, make a mouse click on “Submit”. You may be requested for verfication via email/phone ahead of a withdrawal.