A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in New Zealand
Step 1 – Join Kraken You will first need to purchase units of the top-tier coins. Exchanges normally accept either Ethereum or Bitcoin in exchange for alternative Coins. Click the button below to register and to get your welcome Bitcoin or Ethereum.
Step 2 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Cryptocurrency Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. Bitcoin Cash (BCH) is accessible on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Exchange? (Follow this guide) Make sure you've selected the exact coin you would like to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, and so forth. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our guide).
Step 3 – Find (BCH) Bitcoin Cash As soon as your deposit has been affirmed, you will directly have access to your finances and you can start buying and trading. To invest in (BCH) Bitcoin Cash on Binance, you will want to go to the “Exchange” tab and after that mouse click on “Basic”. To locate Bitcoin Cash (BCH), you will need to insert the shortname of the coin (BCH) into the search-box, which is highlighted in the picture. Be certain of having choosen the correct grouping, we have highlighted this also. Click on “BCH/BTC” to go ahead.
Step 4 – Buying Bitcoin Cash (BCH) As soon as you have located (BCH) Bitcoin Cash, you'll be presented with a Price Chart (in the Center of the image) and some Order Books (Leftside of the picture). And now we are going to create our own Limit Order. The “Price” field will be filled automatically with the most up-to-date valuation (BCH) Bitcoin Cash was sold for. This can be changed to your preferred price. The “Amount” field is the amount of BCH you wish to purchase. The “Total” field is the total price in Bitcoin that you'll settle for the complete quantity of BCH. If you are satisfied, make a mouse click on “Buy BCH”. Your plan will be filled as soon as a Seller sells their BCH for the price you gave.
Step 5 – Withdraw Bitcoin Cash (BCH) Unless you are trading, best advise is not to keep crypto coins on an Exchange for an extended time frame. In order to take off your (BCH) Bitcoin Cash, hover over the “Funds” tab and mouse click on “Withdraw”. (BCH) Bitcoin Cash can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find (BCH) Bitcoin Cash by using the provided drop-down box. Put into the quantity of (BCH) Bitcoin Cash you'd wish to withdraw. Don't forget the displayed minimus/fees. Also make sure you have filled your right withdraw address. If you are glad, click on “Submit”. You could be requested for verfication via email/phone before a withdrawal.