How to Buy Bitcoin Cash (BCH) in Nigeria

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

Step 1 – Join CEX.io

You'll first need to purchase one of the major coins. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Follow the Link below for registration and getting your welcome Ethereum (ETH) or Bitcoin (BTC).

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

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

Make sure you've chosen the correct coin you want to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be different (Just follow these easy steps).

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 begin invest and trading. To invest in (BCH) Bitcoin Cash on Binance, you will want to go to the tab which is called “Exchange” and mouse click on “Basic”.

In order to locate Bitcoin Cash (BCH), you will need to put the short name of the asset (BCH) into the search box, which is highlighted in the graphic. Be certain of having choosen the proper grouping, we've marked this too. Click on “BCH/BTC” to advance.

Step 4 – Buying (BCH) Bitcoin Cash

As soon as you've spotted (BCH) Bitcoin Cash, you'll be presented with a Price Chart (in the Center of the image) and some Order Books (on the Left of the picture). For now we're creating our Limit Order.

The field with the “Price” tag will be filled with the up-to-date tariff Bitcoin Cash (BCH) was traded for. You can change this to your desired price. The field with the “Amount” tag is the volumen of BCH you like to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you will pay for the complete amount of BCH.

If you are satisfied, 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 Bitcoin Cash (BCH)

Unless you're regularly trading, best advise is not to keep coins on an Crypto Trader for an extensive time frame. To withdraw your (BCH) Bitcoin Cash, go to the “Funds” tab and mouse click on “Withdraw”. (BCH) Bitcoin Cash can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Bitcoin Cash (BCH) by using the provided drop-down box. Put into the quantity of Bitcoin Cash (BCH) you would wish to withdraw. Don't forget the shown minimus/fees. Also make sure you have entered your right withdraw address.

When you're satisfied, click on “Submit”. You may be requested for verfication via phone/email before a withdrawal.

Congratulations! You have successfully bought and stored Bitcoin Cash (BCH) in Nigeria.

That's it!

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