How to Buy Bitcoin Cash (BCH) in El Salvador

A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in El Salvador

Step 1 – Signup to Coinbase and get 10$ for free

In the beginning you'll need to buy one of the bigger currencies. Exchanges normally accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Follow the Link below to register and to get your welcome 10 Dollar.

Step 2 – Transfer Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Trader

Your Ethereum or Bitcoin will need to be sent over to an Exchange now. All exchanges have a deposit form that is alike. Bitcoin Cash (BCH) is obtainable on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this manual)

Make sure you have chosen the exact coin you want to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so forth. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow these easy steps).

Step 3 – Locate Bitcoin Cash (BCH)

Once your deposit has been verified, you will immediately have access to your funds and you can commence invest and trading. To purchase Bitcoin Cash (BCH) on Binance, you will want to hover over the tab which is calledExchangeand after that mouse click onBasic”.

To find (BCH) Bitcoin Cash, you will need to insert the short name of the asset (BCH) into the search-box, which is highlighted in the picture. Be certain of having selected the correct pairing, we've highlighted this also. Click onBCH/BTCto go on.

Step 4 – Buying (BCH) Bitcoin Cash

Once you have found Bitcoin Cash (BCH), you'll be presented with a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). Next we're going to create our Limit Order.

The field with thePricetag will be filled with the up-to-date price (BCH) Bitcoin Cash was traded for. This can be changed to your preferred rate. The field with theAmounttag is the amount of BCH you want to purchase. The field with theTotaltag is the total price in BTC that you'll pay for the whole volumen of BCH.

When you're satisfied, make a mouse click onBuy BCH”. Your order will be filled when a Vendor sells their BCH for the price you offered.

Step 5 – Withdraw Bitcoin Cash (BCH)

Unless you are regularly trading, best advise is not to keep crypto on an Exchange for an extended time period. To withdraw your (BCH) Bitcoin Cash, go to the tab calledFundsand click onWithdraw”. Bitcoin Cash (BCH) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find (BCH) Bitcoin Cash by using the given drop-down box. Put into the amount of Bitcoin Cash (BCH) you'd like to withdraw. Take into account the presented minimus/fees. Also make sure you have filled your correct withdraw address.

If you are glad, click onSubmit”. You could be asked for phone/email verification ahead of a take off.

Congratulations! You have successfully purchased and stored (BCH) Bitcoin Cash in El Salvador.

That's it!

Take offs from Cryptocurrency Exchange can durate between 1 – 30 minutes (rely on network usage). As soon as you've proved your withdrawal with Ethplorer.io or Etherscan.io and the (BCH) Bitcoin Cash is safe in your wallet, you are all done.