How to Buy Bitcoin Cash (BCH) in Colombia

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

Step 1 – Signup to CEX.io

In the beginning you'll need to purchase one of the bigger coins. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Follow the Link below for registration and receive your first Ethereum (ETH) or Bitcoin (BTC).

Step 2 – Transmit Your Funds to an Crypto Trader

Your ETH (Ethereum) or BTC (Bitcoin) has 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're going to use that as an sample. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Just follow this guide)

Make sure you've selected the right coin you wish to deposit.

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

Step 3 – Locate (BCH) Bitcoin Cash

As soon as your deposit has been affirmed, you'll instantly have access to your finances and you can start invest and trading. To purchase (BCH) Bitcoin Cash on Binance, you'll want to go to the tab which is called “Exchange” and after that click on “Basic”.

In order to spot Bitcoin Cash (BCH), you'll need to insert the short name of the asset (BCH) into the search-box, which is marked in the picture. Be certain of having choosen the right grouping, we have highlighted this too. Click on “BCH/BTC” to advance.

Step 4 – Purchase (BCH) Bitcoin Cash

After you've spotted (BCH) Bitcoin Cash, you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). Next we're creating our own Limit Order.

The field with the “Price” tag will be automatically filled with the recent rate Bitcoin Cash (BCH) was traded for. You can change this to your preferred rate. The “Amount” field is the quantity of BCH you wish to buy. The “Total” field is the total price in BTC that you'll pay for the complete volumen of BCH.

If you're glad, click on “Buy BCH”. Your order will be filled as soon as a Vender trades their BCH for the price you gave.

Step 5 – Withdraw Bitcoin Cash (BCH)

Unless you are trading, you should never keepyour coins on an Cryptocurrency Exchange for an longer time frame. To take off your (BCH) Bitcoin Cash, go to the “Funds” tab and click on “Withdraw”. (BCH) Bitcoin Cash can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Bitcoin Cash (BCH) by using the provided drop-down box. Drop in the volumen of (BCH) Bitcoin Cash you'd like to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have filled your correct withdraw address.

When you are satisfied, make a mouse click on “Submit”. You may be requested for phone/email verification before a withdrawal.

Congrats! You have successfully bought and stored (BCH) Bitcoin Cash in Colombia.

That's it!

Take offs from Exchange can durate anywhere from 1 – 30 minutes (rely on usage of the network). Once you've confirmed your withdrawal using Etherscan.io or Ethplorer.io and the (BCH) Bitcoin Cash is stored within your wallet, you are all done.