How to Buy Bitcoin Cash (BCH) in Ethiopia

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

Step 1 – Signup to Coinbase – Get Free $10

You will first need to buy units of the major currencies. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Follow the Link below for registration and getting your first 10$.

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

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

Make sure you've chosen the exact coin you wish to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, et cetera. In the case you're using a decentralized exchange, such as Airswap or DDEX could be different (Just follow our guide).

Step 3 – Find (BCH) Bitcoin Cash

As soon as your deposit has been approved, you will instantly have access to your assets and you can launch invest and trading. To buy (BCH) Bitcoin Cash on Binance, you will want to hover over the “Exchange” tab and after that click on “Basic”.

In order to discover Bitcoin Cash (BCH), you'll need to insert the cointype (BCH) into the search box, which is marked in the graphic. Make sure you have choosen the correct pairing, we have marked this too. Click on “BCH/BTC” to advance.

Step 4 – Buying (BCH) Bitcoin Cash

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

The “Price” field will be filled with the up-to-date tariff Bitcoin Cash (BCH) was sold for. This can be changed to your desired rate. The “Amount” field is the amount of BCH you want to buy. The “Total” field is the whole price in Bitcoin that you will pay for the whole volumen of BCH.

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

Step 5 – Withdraw (BCH) Bitcoin Cash

Unless you're trading, best advise is not to keep your crypto on an Cryptocurrency Exchange for an extensive time frame. To take off your (BCH) Bitcoin Cash, go to the “Funds” tab and mouse click on “Withdraw”. Bitcoin Cash (BCH) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find (BCH) Bitcoin Cash by using the provided drop-down box. Enter the volumen of Bitcoin Cash (BCH) you'd like to take off. Don't forget the demonstrated fees/minimums. Also make sure you have entered your right withdraw address.

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

Kudos! You have successfully bought and stored (BCH) Bitcoin Cash in Ethiopia.

That's it!

Take offs from Exchange can take between 1 – 30 minutes (depending on network usage). As soon as you've confirmed your take off with Etherscan.io or Ethplorer.io and the (BCH) Bitcoin Cash is safe inside your wallet, you're finished.