How to Buy Bitcoin Cash (BCH) in United Kingdom

A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in United Kingdom

Step 1 – Join Kraken

You'll first need to buy units of the bigger coins. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click the button below to register and getting your first ETH (Ethereum) or BTC (Bitcoin).

Step 2 – Transfer Your Bitcoin or Ethereum to an Exchange

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is identical. Bitcoin Cash (BCH) is obtainable on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Exchange? (Just follow these easy steps)

Make sure you've chosen the right coin you want to deposit.

Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, and so forth. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our how-to).

Step 3 – Find (BCH) Bitcoin Cash

As soon as your deposit has been approved, you will instantly have access to your finances and you can initiate buying and trading. To purchase (BCH) Bitcoin Cash on Binance, you will want to hover over the tab which is called “Exchange” and mouse click on “Basic”.

In order to find Bitcoin Cash (BCH), you will need to insert the shortname of the coin (BCH) into the search-box, which is highlighted in the picture. Be certain of having choosen the correct grouping, we have marked this too. Click on “BCH/BTC” to continue.

Step 4 – Buy Bitcoin Cash (BCH)

Once you have located (BCH) Bitcoin Cash, you'll be given a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the image). And now we're creating our Limit Order.

The “Price” field will be filled with the latest valuation (BCH) Bitcoin Cash was traded for. You can change this to your preferred price. The “Amount” field is the quantity of BCH you like to buy. The “Total” field is the aggregated price in BTC that you will pay for the complete volumen of BCH.

If you are glad, click on “Buy BCH”. Your plan will be filled when a Vendor trades their BCH for the price you offered.

Step 5 – Withdraw (BCH) Bitcoin Cash

Unless you are trading, best advise is not to keep your coins on an Exchange for an extended period of time. To take off your Bitcoin Cash (BCH), go to the tab called “Funds” and click on “Withdraw”. Bitcoin Cash (BCH) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (BCH) Bitcoin Cash by using the provided drop-down box. Drop in the amount of (BCH) Bitcoin Cash you would like to take off. Take into account the displayed fees/minimums. Also make sure you have filled your precise withdraw address.

When you are satisfied, click “Submit”. You may be asked for phone/email verification before a take off.

Congratulations! You have successfully bought and safed (BCH) Bitcoin Cash in United Kingdom.

That's it!

Take offs from Crypto Exchange can durate between 1 – 30 minutes (rely on network usage). As soon as you've confirmed your take off with Etherscan.io or Ethplorer.io and the Bitcoin Cash (BCH) is stored within your wallet, you are all done.
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