How to Buy Bitcoin Cash (BCH) in Portugal

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

Step 1 – Join Kraken

In the beginning you'll need to buy units of the bigger currencies. Exchanges normally accept either Bitcoin or Ethereum in exchange for alternative Coins. Click below to register and receive your first Bitcoin or Ethereum.

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

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. Bitcoin Cash (BCH) is available on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Exchange? (Just follow this manual)

Make sure you have selected the correct coin you would like to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, and so on. If you are using a decentralized exchange, like Airswap or DDEX could be opposed (Follow these easy steps).

Step 3 – Find (BCH) Bitcoin Cash

Once your deposit has been approved, you'll directly have access to your finances and you can begin purchasing and trading. To buy Bitcoin Cash (BCH) on Binance, you'll want to go to the tab which is called “Exchange” and mouse click on “Basic”.

In order to discover (BCH) Bitcoin Cash, you'll need to insert the shortname of the coin (BCH) into the search-box, which is highlighted in the picture. Be certain of having choosen the right grouping, we've marked this also. Click on “BCH/BTC” to go ahead.

Step 4 – Purchasing Bitcoin Cash (BCH)

Once you've spotted Bitcoin Cash (BCH), you'll be presented with a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the picture). Next we're creating our Limit Order.

The “Price” field will be filled with the most latest rate (BCH) Bitcoin Cash was traded for. You can change this to your favoured rate. The “Amount” field is the volumen of BCH you want to buy. The “Total” field is the total price in Bitcoin that you'll pay for the whole amount of BCH.

When you are satisfied, click on “Buy BCH”. Your order will be filled when a Vender trades their BCH for the price you introduced.

Step 5 – Withdraw (BCH) Bitcoin Cash

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

Locate (BCH) Bitcoin Cash by using the provided drop-down box. Drop in the volumen of Bitcoin Cash (BCH) you'd like to withdraw. Take into account the presented fees/minimums. Also make sure you have filled your correct withdraw address.

When you are happy, click “Submit”. You may be requested for verfication via email/phone ahead of a take off.

Congrats! You've successfully purchased and stored Bitcoin Cash (BCH) in Portugal.

That's it!

Withdrawals from Crypto Exchange can take anywhere from 1 – 30 minutes (rely on usage of the network). Once you've confirmed your take off with Etherscan.io or Ethplorer.io and the (BCH) Bitcoin Cash is stored in your wallet, you are done.