A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in Austria
Step 1 – Join Kraken In the beginning you'll need to purchase one of the top-tier coins. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click the button below for registration and getting your first Bitcoin or Ethereum.
Step 2 – Transmit Your Bitcoin or Ethereum to an Crypto 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 available on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this manual) Make sure you have selected the precise coin you want to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so on. If you are using a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our manual).
Step 3 – Find (BCH) Bitcoin Cash Once your deposit has been confirmed, you'll instantly have access to your finances and you can start invest and trading. To purchase (BCH) Bitcoin Cash on Binance, you'll want to go to the tab which is called “Exchange” and then mouse click on “Basic”. In order to find Bitcoin Cash (BCH), you'll need to put the short name of the asset (BCH) into the search-box, which is highlighted in the picture. Be certain of having choosen the correct pairing, we've marked this too. Click on “BCH/BTC” to continue.
Step 4 – Purchase (BCH) Bitcoin Cash As soon as you have located Bitcoin Cash (BCH), you'll be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the image). And now we are going to make our own Limit Order. The “Price” field will be automatically filled with the most latest valuation (BCH) Bitcoin Cash was traded for. This can be changed to your favoured rate. The “Amount” field is the quantity of BCH you want to purchase. The field with the “Total” tag is the aggregated price in BTC that you will settle for the complete volumen of BCH. When you're happy, make a mouse click on “Buy BCH”. Your order will be filled as soon as a Seller trades their BCH for the price you submitted.
Step 5 – Withdraw (BCH) Bitcoin Cash Unless you are regularly trading, never keep your coins on an Crypto Exchange for an extensive time period. To take off your (BCH) Bitcoin Cash, go to the “Funds” tab and click on “Withdraw”. Bitcoin Cash (BCH) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find (BCH) Bitcoin Cash by using the given drop-down box. Enter the amount of (BCH) Bitcoin Cash you'd like to take off. Don't forget the demonstrated minimus/fees. Also make sure you have filled your correct withdraw address. When you are glad, click on “Submit”. You may be asked for verfication via phone/email ahead of a withdrawal.