A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in Uruguay
Step 1 – Signup to Coinbase and recieve 10$ for free You'll first need to purchase units of the bigger coins. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Follow the Link below to register and getting your first $10.
Step 2 – Transmit Your Ethereum (ETH) or Bitcoin (BTC) to an Cryptocurrency Exchange Your Ethereum or Bitcoin will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. Bitcoin Cash (BCH) is accessible on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Exchange? (Just follow this how-to) Make sure you've selected the right coin you want to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, etcetera. If you are working with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our how-to).
Step 3 – Locate Bitcoin Cash (BCH) Once your deposit has been affirmed, you will now have access to your assets and you can commence purchasing and trading. To buy (BCH) Bitcoin Cash on Binance, you'll want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”. To spot Bitcoin Cash (BCH), you will need to insert the shortname of the coin (BCH) into the search-box, which is marked in the picture. Be certain of having choosen the correct pairing, we have highlighted this too. Click on “BCH/BTC” to proceed.
Step 4 – Acquisition of Bitcoin Cash (BCH) After you've found Bitcoin Cash (BCH), you'll be presented with a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). And now we are going to make our Limit Order. The field with the “Price” tag will be filled with the most latest tariff (BCH) Bitcoin Cash was traded for. This can be changed to your favoured rate. The field with the “Amount” tag is the amount of BCH you want to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you'll pay for the complete amount of BCH. When you're happy, make a mouse click on “Buy BCH”. Your plan will be filled as soon as a Vender sells their BCH for the price you gave.
Step 5 – Withdraw (BCH) Bitcoin Cash Unless you are trading, best advise is not to keep crypto coins on an Exchange for an longer time frame. In order to withdraw your (BCH) Bitcoin Cash, go to the “Funds” tab and click on “Withdraw”. Bitcoin Cash (BCH) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate (BCH) Bitcoin Cash by using the provided drop-down box. Enter the volumen of (BCH) Bitcoin Cash you would wish to take off. Don't forget the presented minimus/fees. Also make sure you have entered your right withdraw address. When you're happy, click on “Submit”. You may be asked for phone/email verification ahead of a withdrawal.