A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in United States
Step 1 – Join Kraken In the beginning you'll need to buy units of the major currencies. Exchanges normally accept either Ethereum or Bitcoin in exchange for Altcoins. Follow the Link below for registration and to get your first ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transmit Your Bitcoin or Ethereum to an Crypto Trader Your Ethereum or Bitcoin has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. Bitcoin Cash (BCH) is available on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Trader? (Just follow this how-to) Make sure you have chosen the correct coin you would like to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, and so forth. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow these easy steps).
Step 3 – Find Bitcoin Cash (BCH) Once your deposit has been confirmed, you will instantly have access to your funds and you can launch purchasing and trading. To buy Bitcoin Cash (BCH) on Binance, you will want to go to the “Exchange” tab and after that mouse click on “Basic”. To spot Bitcoin Cash (BCH), you'll need to put the cointype (BCH) into the search box, which is marked in the picture. Make sure you have selected the correct grouping, we have marked this too. Click on “BCH/BTC” to advance.
Step 4 – Purchase Bitcoin Cash (BCH) After you've located Bitcoin Cash (BCH), you will be given a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the picture). Next we're creating our Limit Order. The field with the “Price” tag will be filled with the most up-to-date valuation (BCH) Bitcoin Cash was traded for. You can change this to your favoured price. The “Amount” field is the volumen of BCH you wish to buy. The “Total” field is the aggregated price in BTC that you'll pay for the complete amount of BCH. When you're satisfied, click on “Buy BCH”. Your plan will be filled as soon as a Vender sells their BCH for the price you submitted.
Step 5 – Withdraw (BCH) Bitcoin Cash Unless you're regularly trading, best advise is not to keep your coins on an Crypto Trader for an extended period of time. In order to withdraw your (BCH) Bitcoin Cash, hover over the tab called “Funds” and mouse click on “Withdraw”. (BCH) Bitcoin Cash can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Bitcoin Cash (BCH) by using the given drop-down box. Drop in the volumen of (BCH) Bitcoin Cash you'd like to withdraw. Take into account the presented fees/minimums. Also make sure you have entered your correct withdraw address. When you're happy, click on “Submit”. You could be asked for phone/email verification before a take off.