How to Buy Bitcoin Cash (BCH) in Korea

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

Step 1 – Join Kraken

You'll first need to buy units of the major currencies. Exchanges usually accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Follow the Link below for registration and to get your first Ethereum or Bitcoin.

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

Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Exchange now. All exchanges have a deposit form that is alike. Bitcoin Cash (BCH) is accessible on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this manual)

Make sure you have chosen the correct coin you would like to deposit.

Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etcetera. If you're working with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our guide).

Step 3 – Locate Bitcoin Cash (BCH)

As soon as your deposit has been approved, you will instantly have access to your assets and you can commence invest and trading. To purchase (BCH) Bitcoin Cash on Binance, you'll want to go to the tab which is called “Exchange” and then click on “Basic”.

In order to find (BCH) Bitcoin Cash, you will need to put the shortname of the coin (BCH) into the search-box, which is marked in the graphic. Be certain of having selected the proper grouping, we have marked this too. Click on “BCH/BTC” to continue.

Step 4 – Buying Bitcoin Cash (BCH)

Once you have located (BCH) Bitcoin Cash, you will be given a Price Chart (in the Center of the picture) and some Order Books (Leftside of the image). And now we're making our Limit Order.

The “Price” field will be filled automatically with the most latest rate Bitcoin Cash (BCH) was sold for. This can be changed to your preferred price. The field with the “Amount” tag is the volumen of BCH you want to buy. The field with the “Total” tag is the total price in BTC that you'll pay for the whole volumen of BCH.

When you are glad, click on “Buy BCH”. Your plan will be filled when a Seller trades their BCH for the price you introduced.

Step 5 – Withdraw Bitcoin Cash (BCH)

Unless you're frequently trading, never keep your crypto on an Cryptocurrency Exchange for an extended time frame. To withdraw your Bitcoin Cash (BCH), hover over the “Funds” tab and mouse click on “Withdraw”. (BCH) Bitcoin Cash can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (BCH) Bitcoin Cash by using the given drop-down box. Enter the volumen of (BCH) Bitcoin Cash you'd wish to withdraw. Take into account the demonstrated minimus/fees. Also make sure you have filled your right withdraw address.

When you are satisfied, make a mouse click on “Submit”. You could be asked for verfication via email/phone ahead of a take off.

Kudos! You've successfully purchased and safed Bitcoin Cash (BCH) in Korea.

That's it!

Take offs from Exchange can take anywhere from 1 – 30 minutes (depending on network usage). Once you've proved your take off with Etherscan.io or Ethplorer.io and the Bitcoin Cash (BCH) is stored inside your wallet, you are finished.