How to Buy Bitcoin Cash (BCH) in Bhutan

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

Step 1 – Signup to CEX.io

You'll first need to buy units of the bigger coins. Exchanges usually accept either Ethereum or Bitcoin in exchange for Altcoins. Follow the Link below to register and receive your welcome ETH (Ethereum) or BTC (Bitcoin).

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

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is identical. Bitcoin Cash (BCH) is available on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Exchange? (Follow these easy steps)

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

Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, et cetera. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our manual).

Step 3 – Locate (BCH) Bitcoin Cash

Once your deposit has been approved, you will now have access to your assets and you can launch buying and trading. To purchase Bitcoin Cash (BCH) on Binance, you will want to go to the tab which is called “Exchange” and then mouse click on “Basic”.

In order to spot Bitcoin Cash (BCH), you will need to put the cointype (BCH) into the search-box, which is highlighted in the image. Make sure you have selected the right pairing, we have highlighted this also. Click on “BCH/BTC” to advance.

Step 4 – Purchase Bitcoin Cash (BCH)

Once you have spotted Bitcoin Cash (BCH), you will be given a Price Chart (in the Center of the picture) and some Order Books (on the Left of the image). And now we're making our own Limit Order.

The field with the “Price” tag will be filled automatically with the most recent tariff (BCH) Bitcoin Cash was sold for. You can change this to your preferred rate. The field with the “Amount” tag is the quantity of BCH you like to purchase. The “Total” field is the whole price in Bitcoin that you will settle for the complete volumen of BCH.

If you are satisfied, click on “Buy BCH”. Your order will be filled as soon as a Seller trades their BCH for the price you introduced.

Step 5 – Withdraw Bitcoin Cash (BCH)

Unless you're frequently trading, best advise is not to keep crypto coins on an Crypto Trader for an longer period of time. To take off your Bitcoin Cash (BCH), go to the “Funds” tab and mouse click on “Withdraw”. (BCH) Bitcoin Cash can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find (BCH) Bitcoin Cash by using the given drop-down box. Enter the quantity of (BCH) Bitcoin Cash you would like to withdraw. Take into account the displayed fees/minimums. Also make sure you have filled your precise withdraw address.

If you're glad, make a mouse click on “Submit”. You could be asked for verfication via phone/email ahead of a withdrawal.

Congratulations! You have successfully bought and stored Bitcoin Cash (BCH) in Bhutan.

That's it!

Take offs from Crypto Exchange can durate anywhere from 1 – 30 minutes (rely on network usage). As soon as you've confirmed your withdrawal with Etherscan.io or Ethplorer.io and the (BCH) Bitcoin Cash is safe in your wallet, you're finished.