A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in United Arab Emirates
Step 1 – Signup to CEX.io In the beginning you'll need to buy units of the major currencies. Exchanges commonly accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click below to register and to get your welcome ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. Bitcoin Cash (BCH) is obtainable on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this manual) Make sure you have selected the right coin you would like to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so forth. In the case you're using a decentralized exchange, like Airswap or DDEX could be different (Follow our how-to).
Step 3 – Find (BCH) Bitcoin Cash As soon as your deposit has been verified, you'll directly have access to your finances and you can initiate invest and trading. To purchase Bitcoin Cash (BCH) on Binance, you will want to hover over the tab which is called “Exchange” and then click on “Basic”. In order to find Bitcoin Cash (BCH), you will need to insert the short name of the asset (BCH) into the search box, which is highlighted in the graphic. Make sure you have selected the correct grouping, we have marked this also. Click on “BCH/BTC” to go on.
Step 4 – Buying Bitcoin Cash (BCH) As soon as you have discovered Bitcoin Cash (BCH), you will be presented with a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the image). For now we are creating our Limit Order. The “Price” field will be automatically filled with the up-to-date tariff (BCH) Bitcoin Cash was traded for. This can be changed to your favoured price. The field with the “Amount” tag is the quantity of BCH you want to buy. The “Total” field is the total price in BTC that you will pay for the complete amount of BCH. If you are glad, click on “Buy BCH”. Your plan will be filled as soon as a Vender trades their BCH for the price you gave.
Step 5 – Withdraw (BCH) Bitcoin Cash Unless you're regularly trading, you should never keepyour coins on an Cryptocurrency Exchange for an extended time frame. In order to take off your Bitcoin Cash (BCH), hover over the “Funds” tab and mouse click on “Withdraw”. (BCH) Bitcoin Cash can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate (BCH) Bitcoin Cash by using the provided drop-down box. Drop in the quantity of (BCH) Bitcoin Cash you would wish to withdraw. Take into account the displayed minimus/fees. Also make sure you have entered your right withdraw address. If you're glad, make a mouse click on “Submit”. You may be asked for verfication via phone/email before a withdrawal.