A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in New Zealand
Step 1 – Join Coinbase and recieve 10$ for free In the beginning you'll need to buy one of the bigger currencies. Exchanges usually accept either Bitcoin or Ethereum in exchange for alternative Coins. Click below to register and receive your first 10$.
Step 2 – Transmit Your Ethereum or Bitcoin to an Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need 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. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this guide) Make sure you've chosen the right coin you want to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, et cetera. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Follow these easy steps).
Step 3 – Find (BCH) Bitcoin Cash Once your deposit has been verified, you'll immediately have access to your assets and you can launch purchasing and trading. To invest in (BCH) Bitcoin Cash on Binance, you'll want to go to the tab which is called “Exchange” and click on “Basic”. In order to find Bitcoin Cash (BCH), you will need to put the shortname of the coin (BCH) into the search-box, which is highlighted in the picture. Make sure you have selected the right pairing, we have marked this also. Click on “BCH/BTC” to go ahead.
Step 4 – Purchase (BCH) Bitcoin Cash As soon as you have found (BCH) Bitcoin Cash, you'll be given a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). For now we are going to create our Limit Order. The “Price” field will be filled with the recent price (BCH) Bitcoin Cash was sold for. This can be changed to your favoured price. The field with the “Amount” tag is the volumen of BCH you like to buy. The “Total” field is the total price in BTC that you will pay for the complete amount of BCH. If you are glad, make a mouse click on “Buy BCH”. Your order will be filled when a Seller trades their BCH for the price you submitted.
Step 5 – Withdraw (BCH) Bitcoin Cash Unless you are frequently trading, best advise is not to keep your crypto on an Cryptocurrency Exchange for an extensive period of time. To take off 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 Bitcoin Cash (BCH) by using the given drop-down box. Enter the amount of Bitcoin Cash (BCH) you would like to take off. Don't forget the shown fees/minimums. Also make sure you have filled your right withdraw address. If you're glad, click “Submit”. You could be asked for verfication via email/phone before a take off.