How to Buy Bitcoin Cash (BCH) in Australia

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

Step 1 – Join CEX.io

You'll first need to buy one of the bigger currencies. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Follow the Link below for registration and receive your welcome ETH (Ethereum) or BTC (Bitcoin).

Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Cryptocurrency Exchange

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Exchange now. All exchanges have a deposit form that is similar. Bitcoin Cash (BCH) is obtainable on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Crypto Trader? (Follow this manual)

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

BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, et cetera. If you're working with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our how-to).

Step 3 – Locate (BCH) Bitcoin Cash

Once your deposit has been confirmed, you'll immediately have access to your assets and you can launch buying and trading. To purchase Bitcoin Cash (BCH) on Binance, you'll want to go to the tab which is called “Exchange” and click on “Basic”.

To spot Bitcoin Cash (BCH), you will need to put the cointype (BCH) into the search-box, which is highlighted in the image. Make sure you have selected the proper pairing, we've highlighted this also. Click on “BCH/BTC” to go on.

Step 4 – Acquisition of Bitcoin Cash (BCH)

Once you have found Bitcoin Cash (BCH), you will be presented with a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). For now we're going to make our own Limit Order.

The “Price” field will be filled with the recent price (BCH) Bitcoin Cash was traded for. You can change this to your desired rate. The field with the “Amount” tag is the amount of BCH you want to buy. The “Total” field is the total price in BTC that you will settle for the whole amount of BCH.

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

Step 5 – Withdraw (BCH) Bitcoin Cash

Unless you are regularly trading, you should never keepyour crypto on an Exchange for an longer period of time. To take off your (BCH) Bitcoin Cash, go to the “Funds” tab and mouse click on “Withdraw”. Bitcoin Cash (BCH) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find Bitcoin Cash (BCH) by using the given drop-down box. Enter the quantity of Bitcoin Cash (BCH) you would wish to take off. Take into account the displayed fees/minimums. Also make sure you have filled your precise withdraw address.

When you are glad, click “Submit”. You may be asked for verfication via email/phone before a withdrawal.

Congratulations! You have successfully bought and safed (BCH) Bitcoin Cash in Australia.

That's it!

Take offs from Crypto Exchange can take anywhere from 1 – 30 minutes (depending on usage of the network). As soon as you have confirmed your withdrawal using Etherscan.io or Ethplorer.io and the (BCH) Bitcoin Cash is safe within your wallet, you are all done.