A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in Tonga
Step 1 – Signup to Kraken In the beginning you'll need to buy units of the major coins. Exchanges normally accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Click the button below for registration and to get your first Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Send Your Funds to an Exchange 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 will use that as an sample. Not sure on how to send funds from Coinbase to an Exchange? (Follow this guide) Make sure you have chosen the correct coin you wish to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etcetera. In the case you're using a decentralized exchange, such as Airswap or DDEX could be different (Follow our how-to).
Step 3 – Find (BCH) Bitcoin Cash Once your deposit has been affirmed, you'll directly have access to your finances and you can commence buying and trading. To buy (BCH) Bitcoin Cash on Binance, you'll want to go to the tab which is called “Exchange” and after that click on “Basic”. To find (BCH) Bitcoin Cash, you will need to insert the cointype (BCH) into the search-box, which is highlighted in the graphic. Be certain of having choosen the right grouping, we've marked this also. Click on “BCH/BTC” to continue.
Step 4 – Buy (BCH) Bitcoin Cash After you've spotted Bitcoin Cash (BCH), you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). Next we're going to create our own Limit Order. The “Price” field will be automatically filled with the most recent price (BCH) Bitcoin Cash was sold for. You can change this to your desired price. The field with the “Amount” tag is the quantity of BCH you wish to buy. The “Total” field is the aggregated price in Bitcoin that you'll settle for the complete amount of BCH. When you are satisfied, make a mouse click on “Buy BCH”. Your order will be filled when a Seller sells their BCH for the price you gave.
Step 5 – Withdraw Bitcoin Cash (BCH) Unless you're frequently trading, never keep your coins on an Crypto Trader for an extended period of time. In order to take off your Bitcoin Cash (BCH), hover over the “Funds” tab and click on “Withdraw”. (BCH) Bitcoin Cash can be securely 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 would wish to withdraw. Take into account the shown minimus/fees. Also make sure you have entered your correct withdraw address. When you're happy, click on “Submit”. You may be requested for email/phone verification ahead of a take off.