How to Buy Bitcoin Cash (BCH) in Paraguay

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

Step 1 – Signup to CEX.io

You will first need to buy one of the major currencies. Exchanges usually accept either Bitcoin or Ethereum in exchange for alternative Coins. Click below to register and to get your first ETH (Ethereum) or BTC (Bitcoin).

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

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Exchange now. All exchanges have a deposit form that is alike. Bitcoin Cash (BCH) is accessible on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow these easy steps)

Make sure you've selected the exact coin you want to deposit.

Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. If you are working with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow these easy steps).

Step 3 – Locate (BCH) Bitcoin Cash

As soon as your deposit has been affirmed, you will instantly have access to your funds and you can commence purchasing and trading. To buy (BCH) Bitcoin Cash on Binance, you will want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”.

To find (BCH) Bitcoin Cash, you will need to put the cointype (BCH) into the search box, which is highlighted in the graphic. Be certain of having choosen the right grouping, we have marked this too. Click on “BCH/BTC” to progress.

Step 4 – Buy Bitcoin Cash (BCH)

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

The field with the “Price” tag will be filled automatically with the most up-to-date rate Bitcoin Cash (BCH) was sold for. You can change this to your favoured rate. The field with the “Amount” tag is the volumen of BCH you wish to buy. The field with the “Total” tag is the whole price in Bitcoin that you'll pay for the complete volumen of BCH.

When you're satisfied, make a mouse click on “Buy BCH”. Your plan will be filled as soon as a Seller sells their BCH for the price you introduced.

Step 5 – Withdraw (BCH) Bitcoin Cash

Unless you are frequently trading, never keep your coins on an Crypto Exchange for an extensive time period. In order to take off your (BCH) Bitcoin Cash, go to the tab called “Funds” and click on “Withdraw”. Bitcoin Cash (BCH) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find Bitcoin Cash (BCH) by using the given drop-down box. Enter the volumen of Bitcoin Cash (BCH) you would like to withdraw. Take into account the shown fees/minimums. Also make sure you have filled your precise withdraw address.

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

Congratulations! You've successfully bought and safed Bitcoin Cash (BCH) in Paraguay.

That's it!

Withdrawals from Cryptocurrency Exchange can take between 1 – 30 minutes (depending on usage of the network). Once you've confirmed your withdrawal using Ethplorer.io or Etherscan.io and the Bitcoin Cash (BCH) is safe in your wallet, you're finished.