A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in Paraguay
Step 1 – Signup to Coinbase and get 10$ for free You'll first need to purchase units of the bigger coins. Exchanges commonly accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click below to register and getting your first 10$.
Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Exchange Your Ethereum or Bitcoin will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. Bitcoin Cash (BCH) is obtainable on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Exchange? (Follow these easy steps) Make sure you have selected the exact coin you would like to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etc. If you are using a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our guide).
Step 3 – Find (BCH) Bitcoin Cash Once your deposit has been verified, you'll immediately have access to your funds and you can initiate purchasing and trading. To invest in Bitcoin Cash (BCH) on Binance, you will want to go to the “Exchange” tab and click on “Basic”. In order to find Bitcoin Cash (BCH), you will need to insert the shortname of the coin (BCH) into the search box, which is highlighted in the picture. Make sure you have choosen the correct pairing, we've highlighted this too. Click on “BCH/BTC” to continue.
Step 4 – Buy (BCH) Bitcoin Cash After you have found Bitcoin Cash (BCH), you will be presented with a Price Chart (in the Center of the picture) and some Order Books (on the Left of the image). For now we're making our own Limit Order. The “Price” field will be automatically filled with the recent tariff Bitcoin Cash (BCH) was sold for. You can change this to your preferred price. The field with the “Amount” tag is the quantity of BCH you want to purchase. The “Total” field is the whole price in BTC that you will settle for the whole volumen of BCH. When you are glad, click on “Buy BCH”. Your plan will be filled when a Vender trades their BCH for the price you submitted.
Step 5 – Withdraw (BCH) Bitcoin Cash Unless you are frequently trading, best advise is not to keep your coins on an Crypto Exchange for an longer period of time. To take off your (BCH) Bitcoin Cash, hover over the tab called “Funds” and click on “Withdraw”. Bitcoin Cash (BCH) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Bitcoin Cash (BCH) by using the given drop-down box. Enter the volumen of (BCH) Bitcoin Cash you would like to withdraw. Take into account the shown minimus/fees. Also make sure you have filled your correct withdraw address. If you are glad, click on “Submit”. You may be requested for verfication via phone/email ahead of a take off.