A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in Sweden
Step 1 – Join Kraken In the beginning you'll need to purchase one of the top-tier coins. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Click below for registration and receive your welcome ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) 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 similar. Bitcoin Cash (BCH) is available on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Trader? (Just follow these easy steps) Make sure you have selected the correct coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, and so on. If you're working with a decentralized exchange, such as Airswap or DDEX could be different (Follow our how-to).
Step 3 – Find Bitcoin Cash (BCH) Once your deposit has been approved, you will directly have access to your finances and you can begin invest and trading. To buy (BCH) Bitcoin Cash on Binance, you will want to hover over the tab which is called “Exchange” and then mouse click on “Basic”. In order to locate Bitcoin Cash (BCH), you'll need to insert the shortname of the coin (BCH) into the search-box, which is marked in the picture. Be certain of having choosen the proper grouping, we have highlighted this also. Click on “BCH/BTC” to go ahead.
Step 4 – Purchasing (BCH) Bitcoin Cash As soon as you have located Bitcoin Cash (BCH), you'll be given a Price Chart (in the Center of the picture) and some Order Books (on the Left of the image). For now we are making our own Limit Order. The “Price” field will be filled automatically with the most up-to-date rate (BCH) Bitcoin Cash was traded for. This can be changed to your preferred rate. The field with the “Amount” tag is the quantity of BCH you like to buy. The “Total” field is the total price in Bitcoin that you'll settle for the whole amount of BCH. When you're happy, click on “Buy BCH”. Your order will be filled when a Vendor sells their BCH for the price you submitted.
Step 5 – Withdraw Bitcoin Cash (BCH) Unless you are trading, best advise is not to keep crypto coins on an Crypto Trader for an extended time frame. To take off your Bitcoin Cash (BCH), go to the “Funds” tab and mouse click on “Withdraw”. (BCH) Bitcoin Cash can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Bitcoin Cash (BCH) by using the given drop-down box. Put into the volumen of Bitcoin Cash (BCH) you would wish to take off. Don't forget the displayed minimus/fees. Also make sure you have filled your precise withdraw address. If you're happy, click on “Submit”. You may be requested for email/phone verification ahead of a take off.