A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in Virgin Islands
Step 1 – Join CEX.io You will first need to purchase one of the major currencies. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click the button below for registration and to get your first ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Exchange Your Ethereum or Bitcoin will need to be sent over to an Exchange now. Every exchange has a deposit form that is alike. Bitcoin Cash (BCH) is available on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Exchange? (Just follow this guide) Make sure you've chosen the correct coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so forth. In the case you are using a decentralized exchange, such as Airswap or DDEX could be opposed (Follow these easy steps).
Step 3 – Find Bitcoin Cash (BCH) Once your deposit has been affirmed, you will instantly have access to your assets and you can launch buying and trading. To buy (BCH) Bitcoin Cash on Binance, you will want to go to the “Exchange” tab and mouse click on “Basic”. To spot Bitcoin Cash (BCH), you will need to insert the short name of the asset (BCH) into the search box, which is marked in the image. Be certain of having choosen the right pairing, we have marked this too. Click on “BCH/BTC” to go ahead.
Step 4 – Buying Bitcoin Cash (BCH) As soon as you've discovered (BCH) Bitcoin Cash, you'll be presented with a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). And now we are going to create our own Limit Order. The field with the “Price” tag will be filled with the recent tariff Bitcoin Cash (BCH) was sold for. This can be changed to your favoured price. The “Amount” field is the volumen of BCH you wish to buy. The field with the “Total” tag is the whole price in Bitcoin that you'll settle for the complete quantity of BCH. When you're satisfied, click on “Buy BCH”. Your order will be filled when a Vendor sells their BCH for the price you introduced.
Step 5 – Withdraw Bitcoin Cash (BCH) Unless you're regularly trading, best advise is not to keep crypto coins on an Cryptocurrency Exchange for an extended time frame. In order to withdraw your Bitcoin Cash (BCH), hover over the tab called “Funds” and click on “Withdraw”. (BCH) Bitcoin Cash can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Bitcoin Cash (BCH) by using the given drop-down box. Put into the volumen of (BCH) Bitcoin Cash you would like to withdraw. Take into account the presented fees/minimums. Also make sure you have filled your correct withdraw address. When you are satisfied, click “Submit”. You could be requested for verfication via email/phone before a withdrawal.