A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in Norway
Step 1 – Join CEX.io You'll first need to purchase one of the bigger currencies. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Click below to register and receive your welcome Ethereum or Bitcoin.
Step 2 – Transmit Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Exchange Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. Bitcoin Cash (BCH) is accessible on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this manual) Make sure you've selected the correct coin you want to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etc. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our how-to).
Step 3 – Locate (BCH) Bitcoin Cash Once your deposit has been affirmed, you'll now have access to your assets and you can begin purchasing and trading. To purchase Bitcoin Cash (BCH) on Binance, you will want to go to the “Exchange” tab and then click on “Basic”. In order to discover Bitcoin Cash (BCH), you'll need to insert the cointype (BCH) into the search box, which is highlighted in the graphic. Be certain of having choosen the correct grouping, we've marked this too. Click on “BCH/BTC” to progress.
Step 4 – Purchasing (BCH) Bitcoin Cash As soon as you have found (BCH) Bitcoin Cash, you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the image). For now we're going to create our Limit Order. The field with the “Price” tag will be automatically filled with the latest tariff (BCH) Bitcoin Cash was sold for. This can be changed to your desired price. The “Amount” field is the quantity of BCH you like to purchase. The “Total” field is the aggregated price in Bitcoin that you will settle for the complete amount of BCH. When you're glad, make a mouse click on “Buy BCH”. Your order will be filled when a Vender trades their BCH for the price you submitted.
Step 5 – Withdraw Bitcoin Cash (BCH) Unless you are trading, best advise is not to keep crypto on an Cryptocurrency Exchange for an longer time period. To withdraw your Bitcoin Cash (BCH), hover over the tab called “Funds” and click on “Withdraw”. (BCH) Bitcoin Cash can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Bitcoin Cash (BCH) by using the given drop-down box. Drop in the quantity of Bitcoin Cash (BCH) you'd wish to take off. Take into account the demonstrated minimus/fees. Also make sure you have filled your correct withdraw address. If you're happy, click on “Submit”. You may be asked for email/phone verification before a take off.