How to Buy Bitcoin Cash (BCH) in Svalbard

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

Step 1 – Join Coinbase and recieve 10$ for free

You'll first need to buy units of the top-tier coins. Exchanges normally accept either Bitcoin or Ethereum in exchange for Altcoins. Click the button below to register and getting your welcome 10$.

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

Your BTC (Bitcoin) or ETH (Ethereum) has 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 selected the right coin you wish to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, and so forth. If you are using a decentralized exchange, like Airswap or DDEX could be divergent (Follow these easy steps).

Step 3 – Locate Bitcoin Cash (BCH)

As soon as your deposit has been approved, you will directly have access to your assets and you can initiate buying and trading. To invest in Bitcoin Cash (BCH) on Binance, you will want to hover over the tab which is called “Exchange” and then mouse click on “Basic”.

To locate (BCH) Bitcoin Cash, 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 choosen the right pairing, we've highlighted this also. Click on “BCH/BTC” to continue.

Step 4 – Acquisition of Bitcoin Cash (BCH)

Once you have spotted Bitcoin Cash (BCH), you'll be presented with a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the picture). For now we are going to create our own Limit Order.

The “Price” field will be filled with the most recent price (BCH) Bitcoin Cash was traded for. You can change this to your favoured rate. The “Amount” field is the volumen of BCH you want to buy. The field with the “Total” tag is the whole price in Bitcoin that you'll settle for the complete amount of BCH.

If you're glad, make a mouse click on “Buy BCH”. Your order will be filled when a Vender sells their BCH for the price you submitted.

Step 5 – Withdraw (BCH) Bitcoin Cash

Unless you are regularly trading, never keep your coins on an Crypto Trader for an longer time period. In order to take off your (BCH) Bitcoin Cash, go to the tab called “Funds” and click on “Withdraw”. (BCH) Bitcoin Cash can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Bitcoin Cash (BCH) by using the provided drop-down box. Put into the amount of Bitcoin Cash (BCH) you would like to take off. Don't forget the shown minimus/fees. Also make sure you have entered your correct withdraw address.

If you're satisfied, make a mouse click on “Submit”. You may be asked for email/phone verification ahead of a take off.

Congrats! You have successfully purchased and stored Bitcoin Cash (BCH) in Svalbard.

That's it!

Take offs from Crypto Trader can durate anywhere from 1 – 30 minutes (depending on network usage). Once you've proved your withdrawal using Ethplorer.io or Etherscan.io and the (BCH) Bitcoin Cash is safe within your wallet, you're done.