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What are the steps to exchange Bitcoin Cash for Bitcoin on Binance?

avatarlanceJan 01, 2022 · 3 years ago2 answers

Can you please provide a detailed explanation of the steps required to exchange Bitcoin Cash for Bitcoin on Binance? I would like to know the process from start to finish, including any fees or requirements.

What are the steps to exchange Bitcoin Cash for Bitcoin on Binance?

2 answers

  • avatarJan 01, 2022 · 3 years ago
    Absolutely! Here's a step-by-step guide on how to exchange Bitcoin Cash for Bitcoin on Binance: 1. First, log in to your Binance account. If you don't have one, you can easily sign up for a new account. 2. Once logged in, navigate to the 'Funds' tab and click on 'Balances'. 3. In the search bar, type 'Bitcoin Cash' and click on 'Deposit' next to the Bitcoin Cash listing. 4. Copy the deposit address provided. 5. Open your Bitcoin Cash wallet and initiate a transfer to the copied deposit address. 6. Wait for the transaction to be confirmed on the Bitcoin Cash network. 7. Once the transaction is confirmed, return to Binance and click on 'Exchange' in the top menu. 8. Choose either the 'Basic' or 'Advanced' trading interface, depending on your preference. 9. In the search bar, type 'Bitcoin' and select the trading pair 'BCH/BTC'. 10. Enter the amount of Bitcoin Cash you want to exchange for Bitcoin and review the transaction details. 11. Finally, click on 'Buy' to complete the exchange. Please note that Binance charges a small fee for each transaction. Make sure to check the fee schedule on the Binance website for the most accurate information.
  • avatarJan 01, 2022 · 3 years ago
    When it comes to exchanging Bitcoin Cash for Bitcoin on Binance, the process is quite straightforward. Here are the steps: 1. Log in to your Binance account or create a new one if you don't have an account yet. 2. Navigate to the 'Funds' tab and click on 'Balances'. 3. Search for 'Bitcoin Cash' in the search bar and click on 'Deposit'. 4. Copy the Bitcoin Cash deposit address provided. 5. Open your Bitcoin Cash wallet and initiate a transfer to the copied deposit address. 6. Wait for the transaction to be confirmed on the Bitcoin Cash network. 7. Once the transaction is confirmed, go back to Binance and click on 'Exchange' in the top menu. 8. Select either the 'Basic' or 'Advanced' trading interface. 9. Search for 'Bitcoin' in the search bar and choose the trading pair 'BCH/BTC'. 10. Enter the amount of Bitcoin Cash you wish to exchange for Bitcoin and review the transaction details. 11. Finally, click on 'Buy' to complete the exchange. Please note that Binance charges a small fee for each transaction. Make sure to check the fee schedule on the Binance website for the most up-to-date information.