A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in Tanzania
Step 1 – Signup to CEX.io You will first need to purchase one of the bigger coins. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Click the button below to register and to get your first Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Cryptocurrency Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is identical. Bitcoin Cash (BCH) is available on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this manual) Make sure you've selected the precise coin you want to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so forth. If you're using a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our manual).
Step 3 – Find Bitcoin Cash (BCH) Once your deposit has been approved, you'll now have access to your funds and you can launch buying and trading. To invest in Bitcoin Cash (BCH) on Binance, you will want to hover over the “Exchange” tab and then mouse click on “Basic”. To locate Bitcoin Cash (BCH), you'll need to put the shortname of the coin (BCH) into the search box, which is highlighted in the picture. Be certain of having selected the correct grouping, we have marked this too. Click on “BCH/BTC” to continue.
Step 4 – Acquisition of (BCH) Bitcoin Cash After you've found Bitcoin Cash (BCH), you'll be given a Price Chart (in the Center of the image) and some Order Books (Leftside of the picture). Next we are making our Limit Order. The field with the “Price” tag will be filled with the most up-to-date valuation Bitcoin Cash (BCH) was sold for. This can be changed to your preferred rate. The “Amount” field is the quantity of BCH you want to purchase. The “Total” field is the aggregated price in BTC that you'll pay for the whole amount of BCH. If you are satisfied, click on “Buy BCH”. Your plan will be filled as soon as a Vendor sells their BCH for the price you submitted.
Step 5 – Withdraw Bitcoin Cash (BCH) Unless you are regularly trading, you should never keepyour coins on an Crypto Trader for an longer time period. To take off your (BCH) Bitcoin Cash, hover over the “Funds” tab and mouse 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. Put into the amount of Bitcoin Cash (BCH) you'd like to withdraw. Don't forget the shown fees/minimums. Also make sure you have entered your correct withdraw address. If you're happy, make a mouse click on “Submit”. You may be asked for email/phone verification ahead of a withdrawal.