How to Buy Bitcoin Cash (BCH) in Timor-Leste

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

Step 1 – Join Coinbase – Get Free $10

You'll first need to buy units of the major coins. Exchanges commonly accept either Bitcoin or Ethereum in exchange for alternative Coins. Click below to register and getting your first $10.

Step 2 – Transmit Your Ethereum or Bitcoin to an Cryptocurrency Exchange

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. Bitcoin Cash (BCH) is obtainable on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Crypto Trader? (Follow this how-to)

Make sure you've selected the precise coin you would like to deposit.

BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, and so forth. If you're using a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our guide).

Step 3 – Find (BCH) Bitcoin Cash

Once your deposit has been approved, you will instantly have access to your assets and you can start invest and trading. To buy Bitcoin Cash (BCH) on Binance, you'll want to go to the “Exchange” tab and then mouse click on “Basic”.

In order to locate (BCH) Bitcoin Cash, you'll need to put the shortname of the coin (BCH) into the search-box, which is highlighted in the image. Make sure you have choosen the proper pairing, we've marked this too. Click on “BCH/BTC” to go ahead.

Step 4 – Buying (BCH) Bitcoin Cash

After you have located (BCH) Bitcoin Cash, you'll be given a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). Next we're making our Limit Order.

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

When you are glad, make a mouse click on “Buy BCH”. Your plan will be filled as soon as a Seller trades their BCH for the price you gave.

Step 5 – Withdraw Bitcoin Cash (BCH)

Unless you are regularly trading, best advise is not to keep your crypto on an Cryptocurrency Exchange for an longer period of time. In order to take off your Bitcoin Cash (BCH), go to the tab called “Funds” and mouse click on “Withdraw”. (BCH) Bitcoin Cash can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find (BCH) Bitcoin Cash by using the provided drop-down box. Drop in the amount of (BCH) Bitcoin Cash you would wish to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have filled your precise withdraw address.

When you're glad, click on “Submit”. You could be asked for verfication via phone/email ahead of a withdrawal.

Kudos! You've successfully bought and stored Bitcoin Cash (BCH) in Timor-Leste.

That's it!

Withdrawals from Crypto Trader can take anywhere from 1 – 30 minutes (rely on usage of the network). Once you've proved your take off using Ethplorer.io or Etherscan.io and the Bitcoin Cash (BCH) is stored within your wallet, you're all done.