A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in Norway
Step 1 – Signup to Coinbase and recieve 10$ for free You will first need to buy one of the bigger currencies. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click below for registration and to get your welcome $10.
Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Cryptocurrency Exchange Your Ethereum or Bitcoin has to be sent over to an Exchange now. Every exchange has a deposit form that is identical. Bitcoin Cash (BCH) is obtainable on Binance, so we're going to use that as an sample. Unsure on how to send Coinbase funds to an Crypto Exchange? (Just follow this how-to) Make sure you've selected the correct coin you want to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etc. In the case you're using a decentralized exchange, such as Airswap or DDEX could be different (Follow our guide).
Step 3 – Find Bitcoin Cash (BCH) Once your deposit has been approved, you'll instantly have access to your assets and you can launch purchasing and trading. To purchase (BCH) Bitcoin Cash on Binance, you'll want to go to the tab which is called “Exchange” and click on “Basic”. To discover Bitcoin Cash (BCH), you'll need to put the shortname of the coin (BCH) into the search-box, which is marked in the graphic. Make sure you have selected the correct grouping, we've highlighted this too. Click on “BCH/BTC” to continue.
Step 4 – Acquisition of (BCH) Bitcoin Cash Once you have spotted (BCH) Bitcoin Cash, you will be presented with a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the picture). And now we are making our own Limit Order. The “Price” field will be filled with the up-to-date price (BCH) Bitcoin Cash was traded for. This can be changed to your favoured rate. The field with the “Amount” tag is the amount of BCH you like to buy. The field with the “Total” tag is the whole price in Bitcoin that you'll settle for the whole amount of BCH. If you are satisfied, make a mouse click on “Buy BCH”. Your plan will be filled when a Seller sells their BCH for the price you introduced.
Step 5 – Withdraw Bitcoin Cash (BCH) Unless you're frequently trading, best advise is not to keep crypto on an Exchange for an extended time period. In order to take off your Bitcoin Cash (BCH), hover over the tab called “Funds” and mouse click on “Withdraw”. (BCH) Bitcoin Cash can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Bitcoin Cash (BCH) by using the provided drop-down box. Enter the quantity of Bitcoin Cash (BCH) you would like to take off. Don't forget the presented fees/minimums. Also make sure you have filled your right withdraw address. When you're satisfied, click on “Submit”. You could be asked for email/phone verification ahead of a take off.