How to Buy Bitcoin Cash (BCH) in Peru

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

Step 1 – Signup to CEX.io

In the beginning you'll need to purchase units of the major currencies. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Click below to register and receive your welcome ETH (Ethereum) or BTC (Bitcoin).

Step 2 – Transmit Your Bitcoin or Ethereum to an Crypto Trader

Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. Bitcoin Cash (BCH) is obtainable on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this how-to)

Make sure you have chosen the right coin you want to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etcetera. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow these easy steps).

Step 3 – Locate (BCH) Bitcoin Cash

As soon as your deposit has been approved, you'll immediately have access to your finances and you can begin buying and trading. To invest in Bitcoin Cash (BCH) on Binance, you will want to hover over the tab which is called “Exchange” and after that click on “Basic”.

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

Step 4 – Buying (BCH) Bitcoin Cash

After you've found Bitcoin Cash (BCH), you'll be given a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the picture). Next we are creating our Limit Order.

The field with the “Price” tag will be filled with the latest rate (BCH) Bitcoin Cash was sold for. This can be changed to your favoured rate. The “Amount” field is the quantity of BCH you want to purchase. The field with the “Total” tag is the aggregated price in BTC that you will pay for the whole volumen of BCH.

When you are glad, click on “Buy BCH”. Your plan will be filled as soon as a Vender sells their BCH for the price you offered.

Step 5 – Withdraw (BCH) Bitcoin Cash

Unless you're frequently trading, never keep your crypto coins on an Exchange for an extended time frame. In order to take off your Bitcoin Cash (BCH), go to the “Funds” tab and click on “Withdraw”. Bitcoin Cash (BCH) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find Bitcoin Cash (BCH) by using the given drop-down box. Put into the quantity of Bitcoin Cash (BCH) you'd like to withdraw. Don't forget the shown fees/minimums. Also make sure you have entered your correct withdraw address.

If you're satisfied, click on “Submit”. You could be asked for email/phone verification before a take off.

Congratulations! You have successfully purchased and stored Bitcoin Cash (BCH) in Peru.

That's it!

Take offs from Crypto Trader can durate anywhere from 1 – 30 minutes (rely on usage of the network). As soon as you have proved your withdrawal using Etherscan.io or Ethplorer.io and the Bitcoin Cash (BCH) is safe inside your wallet, you're finished.