How to Buy Bitcoin Cash (BCH) in Indonesia

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

Step 1 – Join Kraken

You'll first need to buy units of the top-tier currencies. Exchanges normally accept either Bitcoin or Ethereum in exchange for Altcoins. Click the button below to register and to get your welcome Ethereum or Bitcoin.

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

Your Bitcoin or Ethereum will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is identical. Bitcoin Cash (BCH) is accessible on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Exchange? (Follow these easy steps)

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

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. If you're dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our how-to).

Step 3 – Locate Bitcoin Cash (BCH)

Once your deposit has been verified, you will directly have access to your funds and you can launch buying and trading. To purchase Bitcoin Cash (BCH) on Binance, you will want to hover over the tab which is called “Exchange” and then click on “Basic”.

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

Step 4 – Buy (BCH) Bitcoin Cash

Once you've discovered Bitcoin Cash (BCH), you'll be presented with a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). Next we are going to create our Limit Order.

The “Price” field will be filled automatically with the recent valuation Bitcoin Cash (BCH) was sold for. You can change this to your favoured price. The “Amount” field is the quantity of BCH you like to purchase. The “Total” field is the aggregated price in Bitcoin that you'll pay for the whole quantity of BCH.

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

Step 5 – Withdraw Bitcoin Cash (BCH)

Unless you are regularly trading, you should never keepyour crypto on an Crypto Exchange for an extended time period. In order to withdraw your Bitcoin Cash (BCH), hover over the “Funds” tab and click on “Withdraw”. (BCH) Bitcoin Cash can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Bitcoin Cash (BCH) by using the provided drop-down box. Drop in the quantity of (BCH) Bitcoin Cash you'd wish to withdraw. Don't forget the shown fees/minimums. Also make sure you have filled your correct withdraw address.

If you're happy, click “Submit”. You could be asked for verfication via email/phone before a take off.

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

That's it!

Take offs from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (depending on usage of the network). Once you've proved your withdrawal using Etherscan.io or Ethplorer.io and the (BCH) Bitcoin Cash is safe in your wallet, you are done.