How to Buy Bitcoin Cash (BCH) in Equatorial Guinea

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

Step 1 – Join CEX.io

In the beginning you'll need to buy units of the bigger currencies. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Click the button below for registration and to get your first BTC (Bitcoin) or ETH (Ethereum).

Step 2 – Transfer Your Ethereum or Bitcoin to an Crypto Exchange

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is identical. Bitcoin Cash (BCH) is available on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Exchange? (Follow this manual)

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

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etcetera. In the case you are using a decentralized exchange, such as Airswap or DDEX could be different (Follow these easy steps).

Step 3 – Find Bitcoin Cash (BCH)

Once your deposit has been affirmed, you'll now have access to your assets and you can commence buying and trading. To purchase Bitcoin Cash (BCH) on Binance, you'll want to hover over the tab which is called “Exchange” and click on “Basic”.

To find Bitcoin Cash (BCH), you'll need to put the shortname of the coin (BCH) into the search box, which is highlighted in the picture. Make sure you have choosen the proper grouping, we have highlighted this also. Click on “BCH/BTC” to progress.

Step 4 – Buying Bitcoin Cash (BCH)

As soon as you've discovered Bitcoin Cash (BCH), you'll be presented with a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the picture). For now we are going to make our Limit Order.

The “Price” field will be automatically filled with the up-to-date price Bitcoin Cash (BCH) was traded for. This can be changed to your desired rate. The field with the “Amount” tag is the quantity of BCH you want to purchase. The “Total” field is the aggregated price in Bitcoin that you will settle for the whole amount of BCH.

If you're satisfied, click on “Buy BCH”. Your plan will be filled as soon as a Vendor trades their BCH for the price you submitted.

Step 5 – Withdraw (BCH) Bitcoin Cash

Unless you are frequently trading, best advise is not to keep crypto coins on an Exchange for an longer time frame. To withdraw your (BCH) Bitcoin Cash, go to the tab called “Funds” and click on “Withdraw”. (BCH) Bitcoin Cash can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (BCH) Bitcoin Cash by using the given drop-down box. Enter the volumen of (BCH) Bitcoin Cash you would wish to withdraw. Don't forget the presented minimus/fees. Also make sure you have filled your precise withdraw address.

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

Kudos! You've successfully purchased and stored Bitcoin Cash (BCH) in Equatorial Guinea.

That's it!

Withdrawals from Cryptocurrency Exchange can take anywhere from 1 – 30 minutes (depending on usage of the network). Once you've confirmed your take off with Ethplorer.io or Etherscan.io and the Bitcoin Cash (BCH) is safe within your wallet, you're all done.