How to Buy Bitcoin Cash (BCH) In Nigeria On Remitano

How to Buy Bitcoin Cash (BCH) on Remitano

Introduction

Remitano is a popular peer-to-peer cryptocurrency marketplace that allows you to easily buy and sell major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and Bitcoin Cash (BCH).

In this comprehensive guide, I will walk you through the step-by-step process of how to buy Bitcoin Cash (BCH) on Remitano.

Key Steps Covered

Here are the key things I will cover:

  • Creating an account on Remitano
  • Connecting your payment method
  • Placing a buy order
  • Paying the seller
  • Releasing your BCH
  • Securing your BCH in a wallet

By the end of this guide, you will have a good understanding of how the process works from start to finish.

So let’s get started!

Step 1: Create a Remitano Account

The first step is to create your free Remitano account, which only takes a minute or two.

  • Go to Remitano.com and click on “Sign Up” in the top right corner.
  • Enter your email address and create a secure password.
  • Verify your email address by clicking the link sent to your inbox.
  • Once verified, log in to your Remitano account.

When your account is activated, Remitano will instantly provide you with a free digital wallet to store cryptocurrency.

Step 2: Connect Your Payment Method

To buy BCH, you first need to deposit fiat currency into your account. Remitano supports a variety of payment methods including bank transfers, gift cards, and more.

Some popular options include:

  • Bank Account: Link your bank account to directly buy BCH with your fiat balance.
  • Credit/Debit Cards: Connect your credit/debit card to deposit funds and buy BCH. Processing fees apply.
  • Cash by Mail: For cash deposits if you want extra privacy.
  • Gift Cards: Buy BCH instantly with gift card codes from 100+ major brands. Low fees.

To connect a payment method:

  • Go to the top menu and click on “Wallets”
  • Choose your preferred payment method and enter the required info to link it.
  • You may need to complete KYC verification if depositing larger amounts.

Once connected, you can deposit funds and use the balance to buy BCH.

Step 3: Place a Buy Order

Once there are funds in your account, it’s time to place your buy order for BCH.

Pick an Offer

  • Go to the “Buy” page and choose BCH as the currency.
  • Enter the amount of BCH you wish to buy or the amount of currency you want to spend.
  • You will now see a list of sellers and their offers. Compare the deals carefully.
  • Check factors like prices, feedback score, payment methods accepted, trade limits, etc.
  • Pick an offer most suitable to your needs and click “Buy” to proceed.

Open Trade

After choosing an offer:

  • The page will display the detailed terms such as expected payment window, instructions, and trade chat.
  • Read through carefully before proceeding. You can ask the seller questions in the chat if required.
  • Enter the BCH amount you wish to buy and click “Buy” to open the trade.

Once a trade is opened, the seller’s BCH is secured in Remitano’s escrow wallet. The seller cannot cancel the trade now.

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Important: You can cancel an open trade any time before paying. The BCH will automatically return from escrow to the seller.

Step 4: Pay the Seller

This step involves sending your payment to the seller by the method and limits set in the offer terms.

  • Carefully go through the payment instructions provided by the seller.
  • Send the payment within the payment window stated on the trade page.
  • Upload any files/documents requested by the seller for payment verification.
  • Mark the payment as complete once it has been sent according to instructions.

If the payment is not made within the payment window, the trade may get force canceled by the system. This protects sellers from delays or non-payment.

Step 5: Releasing Your BCH

Once you mark payment as complete, the seller needs to verify receipt and confirm everything is in order before releasing your BCH from escrow.

  • The seller will check if payment was received correctly on their end.
  • If any issues, they may contact you on the trade chat for clarification before releasing BCH.
  • Once the seller confirms receipt of payment, they will click the button to release your BCH from escrow.

You now own the BCH!

This concludes the peer-to-peer transaction. Be sure to leave honest feedback about your experience trading with the seller.

Step 6: Withdraw BCH to External Wallet

For security purposes, you should withdraw your newly bought BCH from Remitano to an external crypto wallet that you control.

Here are some options worth checking out:

  • Hardware wallets (Ledger, Trezor) offer robust security with offline private key storage.
  • Mobile wallets (Edge, Exodus) are convenient to use and value privacy.
  • Desktop wallets (Electrum, Bitcoin.com) give you full control with customized usage.

To withdraw BCH to another BCH-supported wallet:

  • Go to Remitano > Portfolio > BCH wallet
  • Click withdrawal and enter the BCH amount and external wallet address.
  • Complete any verification steps if prompted.
  • Check the network fees and submit withdrawal request.

You will receive the BCH directly in your external wallet once the blockchain transaction is processed!

Conclusion

And there you go! I have covered the complete walkthrough from creating your account to securing your newly purchased BCH.

I hope you now feel confident about how to use Remitano’s peer-to-peer platform for buying Bitcoin Cash. Their escrow system and positive seller ratings help facilitate smooth transactions.

Here is a quick recap of the key steps:

  • Sign up for a Remitano account
  • Add payment method and deposit funds
  • Select suitable offer and open trade
  • Pay seller according to terms
  • Verify payment receipt and release BCH
  • Withdraw BCH to external crypto wallet

Remitano aims to make crypto accessible with trusted ways for new users to buy Bitcoin Cash and other major currencies worldwide.

Let me know if you have any other questions in the comments!

Frequently Asked Questions

Is Remitano safe to buy Bitcoin Cash?

Yes, Remitano employs security measures like seller identity verification, escrow protection and customer support to facilitate secure transactions. Checking seller ratings also helps assess risks. Over 2 million people across 40+ countries trust Remitano.

What are Remitano’s fees?

Remitano charges 0.5% maker fees and 0.75% taker fees per BCH trade. Deposit/withdrawal fees depend on the payment method. For example, credit cards incur a 5% deposit fee while bank transfers are usually free.

Can I sell BCH on Remitano as well?

Yes, Remitano allows both buying and selling of BCH and other cryptos. After verifying your identity, you can put up sell listings. The process of selling BCH is similar with buyers paying you through Remitano’s escrow services.

What if I run into any issues along the way?

Don’t worry. Remitano offers 24/7 customer support via email, phone, Facebook Messenger and Telegram in case you face difficulties. You can expect prompt friendly assistance from their team.