A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in Syria
Step 1 – Join CEX.io You will first need to purchase units of the major coins. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click below for registration and receive your welcome BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transfer Your Ethereum or Bitcoin to an Crypto Exchange Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Exchange now. All exchanges have a deposit form that is similar. Bitcoin Cash (BCH) is obtainable on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Exchange? (Follow this how-to) Make sure you have chosen the right coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. If you're using a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our guide).
Step 3 – Locate Bitcoin Cash (BCH) Once your deposit has been approved, you will immediately have access to your funds and you can start purchasing and trading. To invest in (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 discover (BCH) Bitcoin Cash, you'll need to insert the cointype (BCH) into the search-box, which is highlighted in the graphic. Make sure you have selected the right pairing, we have highlighted this also. Click on “BCH/BTC” to progress.
Step 4 – Acquisition of Bitcoin Cash (BCH) As soon as you have located Bitcoin Cash (BCH), you'll be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). For now we are making our Limit Order. The field with the “Price” tag will be automatically filled with the latest valuation Bitcoin Cash (BCH) was sold for. This can be changed to your preferred rate. The field with the “Amount” tag is the quantity of BCH you want to buy. The “Total” field is the whole price in BTC that you will pay for the complete amount of BCH. If you are happy, click on “Buy BCH”. Your order will be filled when a Seller trades their BCH for the price you gave.
Step 5 – Withdraw (BCH) Bitcoin Cash Unless you're frequently trading, best advise is not to keep your crypto coins on an Crypto Exchange for an extended time frame. To withdraw your (BCH) Bitcoin Cash, go to the tab called “Funds” and mouse click on “Withdraw”. (BCH) Bitcoin Cash 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 volumen of Bitcoin Cash (BCH) you would wish to take off. Take into account the demonstrated fees/minimums. Also make sure you have entered your right withdraw address. If you are satisfied, make a mouse click on “Submit”. You could be requested for verfication via phone/email ahead of a withdrawal.