How to Buy Bitcoin Cash (BCH) in Czechia

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

Step 1 – Signup to CEX.io

You will first need to purchase units of the top-tier coins. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Follow the Link below to register and to get your welcome Ethereum (ETH) or Bitcoin (BTC).

Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Cryptocurrency Exchange

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

Make sure you have selected the correct coin you wish to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be unlike (Follow these easy steps).

Step 3 – Locate Bitcoin Cash (BCH)

As soon as your deposit has been affirmed, you'll now have access to your funds and you can commence buying and trading. To purchase (BCH) Bitcoin Cash on Binance, you'll want to go to the “Exchange” tab and click on “Basic”.

To spot (BCH) Bitcoin Cash, you'll need to put the shortname of the coin (BCH) into the search box, which is marked in the image. Be certain of having selected the proper grouping, we have highlighted this too. Click on “BCH/BTC” to continue.

Step 4 – Buying Bitcoin Cash (BCH)

After you have located Bitcoin Cash (BCH), you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the image). Next we're going to make our Limit Order.

The field with the “Price” tag will be automatically filled with the recent rate (BCH) Bitcoin Cash was sold for. This can be changed to your desired price. The field with the “Amount” tag is the quantity of BCH you wish to purchase. The field with the “Total” tag is the total price in BTC that you'll pay for the complete amount of BCH.

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

Step 5 – Withdraw Bitcoin Cash (BCH)

Unless you're regularly trading, never keep your crypto coins on an Exchange for an extended time frame. In order to withdraw your (BCH) Bitcoin Cash, hover over the tab called “Funds” and click on “Withdraw”. (BCH) Bitcoin Cash can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (BCH) Bitcoin Cash by using the given drop-down box. Put into the volumen of (BCH) Bitcoin Cash you would like to take off. Don't forget the shown fees/minimums. Also make sure you have filled your precise withdraw address.

If you're happy, click “Submit”. You may be requested for phone/email verification before a withdrawal.

Congrats! You've successfully purchased and stored Bitcoin Cash (BCH) in Czechia.

That's it!

Take offs from Cryptocurrency Exchange can take between 1 – 30 minutes (depending on usage of the network). As soon as you have proved your withdrawal using Ethplorer.io or Etherscan.io and the Bitcoin Cash (BCH) is safe inside your wallet, you are done.