There are two ways to get Bitcoin Cash: to buy it for real currencies on the platform or to get a reward as a result of block production (mining) by decrypting cryptographic keys.
Bitcoin Cash trading is carried out on platforms such as bitlo.com. Its price is determined by the supply-demand relationship in the market. Bitcoin Cash can be divided into small parts, so instead of buying 1 Bitcoin Cash, you can make smaller transactions, provided that your transaction amount is greater than 1 TL. In order to buy and sell Bitcoin Cash, it is necessary to have a virtual wallet, that is, a Bitcoin Cash address. To get Bitcoin Cash from Bitlo.com, you need to follow the steps below.
Enter https://bitlo.com.
Make sure you have the green SSL certificate in the address bar.
If you have not filled it in before, complete the information such as your date of birth and your T.R. ID number in the "Account" section. If you have done this before, skip this step.
If you do not have any cryptocurrencies or TRY in your account, click on the "Deposit/withdrawal" section. If there are, you can skip this step.
In the TRY Deposit section, type the amount you want to deposit and fill in the checkboxes by clicking the "Send Notification" button. Click the Continue button.
Make a note of the transaction description code in the deposit code section that appears.
You need to make your transfer via individual and current TRY accounts registered in your name.
Bitlo Teknoloji A.Ş. should be written. Transfers sent with a different, incorrect or incomplete recipient name are rejected by the bank and returned to the sender's account by the bank, with a return transaction fee charged.
The code that is produced separately for each transfer transaction and seen in the transaction description section of the notification screen must be written correctly in the explanation part of the transfer transaction you will make. Transfers that do not have a code in the EFT/Money Transfer description section, that have been used or that have an invalid description code are returned to the sender's accounts.
For each new Turkish Lira deposit notification, check the recipient bank information shown to you for your deposit and send only to the bank and IBAN number specified in the TRY deposit notification form.
Switch to the "Easy Buy/Sell" tab.
Type in how many TRY you want to buy Bitcoin Cash and click on the "Get Bitcoin Cash" button.
Your transaction request has been received.
How to use Bitcoin Cash?
A virtual wallet needs to be created to purchase or use Bitcoin Cash. Thanks to the addresses of these wallets, you can exchange cryptocurrencies and shop. Bitcoin Cash transfer transaction is sent by being signed with asymmetric encryption. Each of the transactions is announced on the network and is included in the blockchain, that is, the chain. In this way, the same Bitcoin Cash is prevented from being used more than once.
How is Bitcoin Cash converted to cash?
To use cryptocurrencies as cash, sales can be made on exchanges. Likewise, Bitcoin Cash is sold on the stock market and the real money amount is sent to people by EFT or money order.
