A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in Central African Republic
Step 1 – Signup to Coinbase – Get Free $10 In the beginning you'll need to buy one of the top-tier currencies. Exchanges usually accept either Ethereum or Bitcoin in exchange for Altcoins. Click the button below to register and receive your first $10.
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Trader Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Exchange now. All exchanges have 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 Crypto Trader? (Follow this how-to) Make sure you have chosen the right coin you would like to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so forth. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be different (Just follow our how-to).
Step 3 – Locate Bitcoin Cash (BCH) Once your deposit has been confirmed, you'll now have access to your funds and you can begin purchasing and trading. To buy (BCH) Bitcoin Cash on Binance, you'll want to go to the tab which is called “Exchange” and after that click on “Basic”. To spot Bitcoin Cash (BCH), you'll need to insert the cointype (BCH) into the search box, which is highlighted in the picture. Make sure you have selected the proper grouping, we have highlighted this also. Click on “BCH/BTC” to go on.
Step 4 – Purchasing (BCH) Bitcoin Cash Once you've discovered Bitcoin Cash (BCH), you'll be given a Price Chart (in the Center of the image) and a few Order Books (Leftside of the image). Next we are going to make our Limit Order. The “Price” field will be filled with the up-to-date valuation (BCH) Bitcoin Cash was sold for. This can be changed to your favoured rate. The field with the “Amount” tag is the volumen of BCH you wish to purchase. The “Total” field is the total price in Bitcoin that you'll settle for the whole quantity of BCH. When you're satisfied, make a mouse click on “Buy BCH”. Your plan will be filled as soon as a Vender trades their BCH for the price you submitted.
Step 5 – Withdraw Bitcoin Cash (BCH) Unless you're frequently trading, best advise is not to keep coins on an Cryptocurrency Exchange for an extended time period. To withdraw your Bitcoin Cash (BCH), go to the “Funds” tab and click on “Withdraw”. Bitcoin Cash (BCH) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Bitcoin Cash (BCH) by using the provided drop-down box. Enter the amount of Bitcoin Cash (BCH) you'd wish to withdraw. Don't forget the presented fees/minimums. Also make sure you have entered your correct withdraw address. When you're satisfied, click “Submit”. You could be asked for verfication via email/phone before a take off.