How to Buy Bitcoin Cash (BCH) in Venezuela

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

Step 1 – Join CEX.io

You will first need to purchase one of the major currencies. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Follow the Link below to register and receive your first Ethereum or Bitcoin.

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

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Exchange now. All exchanges have a deposit form that is identical. Bitcoin Cash (BCH) is available on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this manual)

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

Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you're using a decentralized exchange, like Airswap or DDEX could be opposed (Follow our manual).

Step 3 – Find (BCH) Bitcoin Cash

Once your deposit has been confirmed, you'll directly have access to your funds and you can begin buying and trading. To buy (BCH) Bitcoin Cash on Binance, you will want to hover over the tab which is called “Exchange” and then mouse click on “Basic”.

In order to find (BCH) Bitcoin Cash, you'll need to put the short name of the asset (BCH) into the search box, which is marked in the image. Be certain of having choosen the right grouping, we've highlighted this too. Click on “BCH/BTC” to proceed.

Step 4 – Buy (BCH) Bitcoin Cash

After you've spotted (BCH) Bitcoin Cash, you'll be given a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the picture). And now we're going to create our own Limit Order.

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

If you're satisfied, click on “Buy BCH”. Your order will be filled as soon as a Vendor trades their BCH for the price you introduced.

Step 5 – Withdraw Bitcoin Cash (BCH)

Unless you are frequently trading, best advise is not to keep your coins on an Crypto Trader for an extended period of time. In order to withdraw your (BCH) Bitcoin Cash, hover over the tab called “Funds” and mouse click on “Withdraw”. Bitcoin Cash (BCH) can be safely stored 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 Bitcoin Cash (BCH) you'd wish to withdraw. Take into account the presented minimus/fees. Also make sure you have entered your precise withdraw address.

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

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

That's it!

Take offs from Crypto Trader can take between 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 safe within your wallet, you are finished.