How to Buy Bitcoin Cash (BCH) in Panama

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

Step 1 – Join Kraken

In the beginning you'll need to purchase one of the top-tier currencies. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Click below for registration and to get your welcome Ethereum (ETH) or Bitcoin (BTC).

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

Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Cryptocurrency 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 illustration. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow these easy steps)

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

BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etc. If you're working with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our manual).

Step 3 – Find (BCH) Bitcoin Cash

As soon as your deposit has been verified, you will directly have access to your finances and you can commence buying and trading. To purchase Bitcoin Cash (BCH) on Binance, you will want to hover over the tab which is called “Exchange” and mouse click on “Basic”.

In order to discover Bitcoin Cash (BCH), you'll need to put the shortname of the coin (BCH) into the search box, which is marked in the graphic. Make sure you have selected the proper grouping, we have marked this too. Click on “BCH/BTC” to advance.

Step 4 – Purchase Bitcoin Cash (BCH)

Once you have spotted (BCH) Bitcoin Cash, you'll be given a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). Next we are going to make our own Limit Order.

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

When you're glad, make a mouse click on “Buy BCH”. Your order will be filled when a Seller trades their BCH for the price you gave.

Step 5 – Withdraw Bitcoin Cash (BCH)

Unless you are regularly trading, you should never keepyour crypto coins on an Crypto Exchange for an extensive time period. To take off your Bitcoin Cash (BCH), hover over the “Funds” tab and mouse click on “Withdraw”. Bitcoin Cash (BCH) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find (BCH) Bitcoin Cash by using the given drop-down box. Drop in the quantity of Bitcoin Cash (BCH) you would like to take off. Don't forget the presented fees/minimums. Also make sure you have entered your right withdraw address.

If you are happy, click “Submit”. You may be asked for phone/email verification ahead of a take off.

Kudos! You have successfully purchased and safed (BCH) Bitcoin Cash in Panama.

That's it!

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