How to Buy Bitcoin Cash (BCH) in Norfolk Island

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

Step 1 – Signup to CEX.io

You'll first need to buy units of the top-tier currencies. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click the button below to register and getting your first Ethereum or Bitcoin.

Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Trader

Your Bitcoin or Ethereum will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. Bitcoin Cash (BCH) is accessible on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Trader? (Just follow these easy steps)

Make sure you've selected the precise coin you want to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you are using a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our how-to).

Step 3 – Locate Bitcoin Cash (BCH)

As soon as your deposit has been verified, you'll directly have access to your finances and you can commence invest and trading. To buy (BCH) Bitcoin Cash on Binance, you will want to go to the tab which is called “Exchange” and after that mouse click on “Basic”.

To spot Bitcoin Cash (BCH), you will need to put the cointype (BCH) into the search box, which is marked in the picture. Make sure you have selected the right pairing, we have highlighted this too. Click on “BCH/BTC” to progress.

Step 4 – Purchase (BCH) Bitcoin Cash

After you've found (BCH) Bitcoin Cash, you will be given a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). And now we're going to create our Limit Order.

The “Price” field will be automatically filled with the recent valuation Bitcoin Cash (BCH) was sold for. This can be changed to your preferred rate. The field with the “Amount” tag is the amount of BCH you want to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you'll pay for the whole quantity of BCH.

When you're satisfied, click on “Buy BCH”. Your plan will be filled as soon as a Vendor sells their BCH for the price you submitted.

Step 5 – Withdraw Bitcoin Cash (BCH)

Unless you are regularly trading, never keep your coins on an Exchange for an extended time period. In order to take off your Bitcoin Cash (BCH), hover over the tab called “Funds” and click on “Withdraw”. Bitcoin Cash (BCH) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find Bitcoin Cash (BCH) by using the given drop-down box. Drop in the volumen of Bitcoin Cash (BCH) you would like to withdraw. Take into account the displayed minimus/fees. Also make sure you have filled your precise withdraw address.

When you're satisfied, click on “Submit”. You could be requested for verfication via email/phone before a withdrawal.

Congrats! You have successfully bought and stored Bitcoin Cash (BCH) in Norfolk Island.

That's it!

Take offs from Cryptocurrency Exchange can take anywhere from 1 – 30 minutes (depending on network usage). As soon as you've proved your withdrawal with Ethplorer.io or Etherscan.io and the (BCH) Bitcoin Cash is safe inside your wallet, you are all done.